Charlie Rose

francacondo  08/22/2012 03:49 AM Report

I hope the FTC/SEC blocks Facebook from buying one of its strongest competitors -- Instagram. Instagram is a photo based social network that now has 100,000,000 users. its one of the strongest competitors facebook has seen to date. Facebook has network effects. Without network effects Mark and Co. would have had strong competition a long time ago. Instagram is one of the few companies that found a hole in Facebook's armour through its early jump on mobile platforms. It would be a shame to simply watch Facebook buy away the competition. Do the right thing FTC/SEC and block the buyout. Make Facebook compete.

winter  05/01/2012 10:59 PM Report

Thinking out loud is good, encouraged even. But, I as a consumer have a record with my credit card transactions and they're pretty fast. Seems to me if you want a receipt you'll still have to wait for it to print. The other thing you wrote I don't get. I think it may be geared more for the merchants benefit than a consumers. Swiping my credit card is pretty fast and my wallet is very fast out of my pocket.

Gelles  05/01/2012 09:36 PM Report

A way for you to collect money on sale of what you own or what you do that will create useful records may be what SQUARE will provide that we do not have at present.

It also may provide a way for government to pay you a sum it wants you to own in the public interest. The role of useful spender may be s practical result of a square application.

Just thinking out loud.

winter  05/01/2012 05:12 PM Report

2.75 percent? I don't pay anything for using my credit card, the merchant pays. I don't see what Square does that I can't already do, its still going to charge the merchant right and he said credit card transactions would still be in the loop.

arrive2_net  04/30/2012 11:22 PM Report

Twitter in a sense makes every user a newspaper, without having enough space to really bore people, its a great institution. How much will the social media change world civilization, enabling as it does cheap and fast worldwide instant contact and communication? Perhaps in the long term, in over a century or so, world culture will tend to become more unified, unifying humanity perhaps yet also introducing perhaps a boring consistency and uniformity.

Square could radically transform payment, but it may not take to long for clone competitors to develop and keep the market for financial services interesting. Will Square make a move to acquire Diner's Club, American Express, etc to complete a vertical market penetration or will they keep the current configuration? Perhaps one of the existing players will make a play for Square. A single worldwide financial payment system may help developing countries leap frog into the future? It was a great conversation, Charlie.

Bart Schuster

OnlineGraduateSchool.tripod.com

Twitter.com/Arrive2_net

Gelles  04/30/2012 02:36 PM Report

Dear Jeweled Lady,

I think CR archive may have been closed for maintenance last night. I could not connect.

NY Times Magazine 29 Apr (Yesterday) has Paul Krugman saying the Fed Reserve has the power and duty to end the slump from full employment to the misery we inflict now. But I could not find the HOW TO DO IT?

Krugman said too much. Un readable I'd say.

The answer is to raise monetized demand NOW. This can be done by Fed promise to pay for energy independence via govt contracts for the right fuel as though it were a weapon for peace. It might not be the very best future fuel, but the contracts would employ enough people end the slump.

Say the fuel were solar captured hydrogen stored gas or liquefied gas. The spending would be trillions. The effect would be a help toward less unwanted CO2 in the upper atmosphere and endless fuel for heat, light and transportation.

The Fed and President could threaten Congress with the people's wrath if they did not do it or do an equivalent package that garnered more popular support.

I'm mad as h3ll and I won't take it anymore. Any budget that is not based on full employment deserves the people's anger and action on election day.

Dorsey and others have billions and great brain power. They remain apart from each other -- and that is the biggest part of the problem: our top minds are not collaborating effectively.

You and I are trying. Charlie's shots are too scattered.

topazgirl  04/29/2012 11:51 PM Report

My Gelles...

It is not you! ...it is that cyberspace and "they" are against us older, and more "idealistic" relics of another kinder and more reflective age and time... ;)...I would miss you being here to keep my "emotional self-righteous anger" from running amok! I feel "grounded" with your practical, and intelligent solutions to the life in which we all now live. But DO NOT think that your "kind heart" is hidden from one such as me (I?)... No "charming" notes are needed... Your presence and "wisdom" are enough. To h3ll with those who don't get it... I do!

This young, cherub face of Jack Dorsey (and his words) give me hope that all is as it is "supposed to be", and that things may be a struggle right now, but ALL will be well soon enough (or in the end)!

If not in this life-time, then in the next, me and my (our) "kindered-spirits" will still be "together" to keep the "Golden Rule" alive and well...

Thank Heavens the young folks see that, too!...

Gelles  04/29/2012 06:59 AM Report

have a good night's sleep (that is).

My ISP is AT&T. Maybe it's all their fault. San Diego is in to BIOTECH. It may be the next Silicon Valley. That would be nice if it worked any better than this old wreck. We need a Wiki-policy to accelerate inventing reforms to do what Topaz Lady and I know is true and the rest of the world would ignore.

Full employment now and forever. If we have and need a deficit, let it be in stupidity: a shortage of stupidity and surplus of brain power. Now I'll buy that. Who will put it on sale?

Gelles  04/29/2012 06:48 AM Report

Sorry so many lines were lost over the last hour. I had a chance to read them. They spoke tons of jokes and wisdom. Now all that remains is a skeleton of what once there was. I hope to return tomorrow and that we all have good might's sleep. After all, I've spent hours fighting this high tech war against a busted economy and an aging PC.

Gelles  04/29/2012 06:43 AM Report

Many voices have been raised to re-establish our purchasing power with quantitative easing. If we can raise monetized demand enough to return to full employment, we will be well on our way to success -- IMO.

Gelles  04/29/2012 06:39 AM Report

Whoops, another blow out. Ten great lines and they're gone. I'm going to try and copy before they vanish as I get hot on the keyboard. It may be that fast typing is causing the problem.

The nonsense that escaped into cyberspace was all about my moving South 170 miles from my old home in Ventura.

Now, partially reestablished in Carlsbad, I'm again watching Charlie and listening for signs of progress.

Jack Dorsey gave me hope that someone was trying to connect us to solutions to the second worst depression in my lifetime.

You and I agree we need money for the 99% to recover as we have forced the less than 1 percent (the culprits) to accept trillions of our money for their crimes.

Gelles  04/29/2012 06:12 AM Report

Dear Topaz Lady,

I composed a charming note to you for five minutes, when it just blew up and disappeared from the screen. I better dispatch this segments. Like tweets, these will be brief enough to defeat the gremlins.

topazgirl  04/29/2012 04:53 AM Report

No, my dearest Gelles... I do not believe "we" have forgotten those lessons, nor do I believe "they" have; I just believe "they" don't care! They believe they have but one life-time to get all they want, and to h3ll with the rest! God, Country, others, necessity, nor the Golden Rule have any meaning for "them"... A lot of money may be a burden and a curse, but a little more of it would be a blessing to the majority of us who only want what is necessary to get by a bit more comfortably...

Gelles  04/28/2012 09:38 AM Report

Money is a burden, a curse, a blessing and more. It reaches every person on earth -- but can be as useless and cursed as accidents and disease.

..... Yet it can also answer the riddle of rich nations and poor people: It can make every citizen as rich as necessary. We ask each citizen who serves in our uniformed services to offer his life so that others may live free.

Money asks us to stake every citizen in his role as consumer/producer -- where each role drives the other --when a nation is organized for success without slavery, and human hearts and brains are summoned to do battle against WANT of every type and description.

The full employment budget is an element of money we have long neglected. We focus on deficits in accounts -- when it is deficits in production and distribution of real things that money buys that count.

We allow the money of the poor to be taxed by inflation, grossly inadequate reward for work and good conduct, and by cheating by the "system" at every turn -- because we do not try hard enough to prevent those in business and government from behaving badly.

..... All crimes like these we say will stop if we chose you to represent me. But when we elect you, you join the enemy (at home and abroad) to keep corruption in high places from ever being quashed.

A straight forward system to connect our doctrine, money and deeds to the ideals in the Preamble is called for. I think Jack Dorsey has such system in his mind's eye as he recognizes the need for fewer words and more money in the mix that we, as citizens, must find to keep reform ahead of decay and face the rot that has laid our nation low in times more perilous than ever.

..... A single bad actor is being armed by science and technology with more destructive power than ever was imagined before this moment.

.

It is time for every one of us to re-read the Preamble, the Four Freedoms, the Declaration of Human Rights, and the lessons taught by war and peace in the 20th Century.

Socialism, communism and capitalist fundamentalism failed, as science and technology succeeded wildly.

..... But Science and technology must be subordinated to PURPOSE. And the pillars of civilization have lost sight of purpose, when the written law is disconnected from all but mandarins and full-employment money is ignored as people are thrown put of work for no other reason than its disconnection from logistics and supply of all that really matters.

In the 20th Century we learned that nations can afford all they can produce. In the 21st Century, are we doomed to forget all we ever learned?

SharkswithfrikingLazers  04/28/2012 03:08 AM Report

Jon Stewart on Instagram at 2:27:

http://www.thedailyshow.com/watch/tue-april-10-2012/the-social-networth---google-unveils-smart-glasse s---facebook-buys-instagram

"A billion dollars of money for something that kinda ruins your pictures?"

SharkswithfrikingLazers  04/28/2012 03:01 AM Report

Charlie, your buddies at Bloomberg weren't as nice to Dorsey as you were:

http://www.bloomberg.com/video/67515946/

at 12:35 low level programmer, built prototype in 2 weeks.

at 17:21 we see you Charlie.

at 17:47 Dorsey gone.

FaceBook tried to buy Twitter for $500M.

SharkswithfrikingLazers  04/28/2012 02:42 AM Report

'Very simple, fast, 2.75% transaction fee, cheaper and faster.'

Dude, get into banking and knock the bricks and mortar guys out.

Banks pay nothing and charge a huge rate to use the money.

Besides that they can ruin a global economy.

SharkswithfrikingLazers  04/28/2012 02:38 AM Report

He tells us that 'Money is a burden and he wants to take it away'.

Yes moving mass around is much, much more expensive than moving electrons around.

In energy, if we can use nanotechnology we will move electrons instead of gas, oil, coal and the like.

Gelles  04/27/2012 12:38 AM Report

Interviews with Jack Dorsey, Chairman of Twitter and CEO of Square, and with Sebastian Thrun, Founder and head of Google X (on his online University project called Udacity,) were the most inspiring interviews ever recorded on the CR Show.

Wikipedia says (in part) of Udacity the following:

..... "Udacity is a private institution of higher education founded by Sebastian Thrun and David Evans with the goal of making free online classes available to everyone. It is the outgrowth of free computer science classes offered in 2011 through Stanford University. As of 2012 Udacity has six courses running. Thrun has stated he hopes half a million students will enroll, after an enrollment of 160,000 students in the predecessor course at Stanford, and 90,000 students had enrolled in the initial two classes as of March 2012.

..... "Udacity was announced at the 2012 Digital Life Design conference.

..... "Udacity is funded by venture capital and $200,000 of Thrun's personal money.

"Thun's work on Udacity was noted by The Guardian in a list of people championing open internet."

===== end extract from Wikipedia ===== [copied here above for non-commercial educational purpose under applicable law]

.

Twitter intends to connect ideas in the public interest (as well as for individuals, friends and firms). Square intends to connect money's power to purchase and perform purposeful functions in support of beneficial ideas. Udacity intends to teach the human race to do all the above in support of democracy, human rights and human decency . These intentions are perceived by me and others too.

I imagine a "Wiki-ideas and economic applications" to allow entries to be organized by their intended objectives (not their human authors) -- to thereby achieve maximum transparency, checks and balances, and pluralism -- is worth pursuing.

Last night I was in the audience for Frontline's triumph in TV exposition "Money, Power and Wall Street". It was a humdinger of a show -- a confession of madness at the top of our "Law and Economics" practice and theoretical structure.

I hope it may be possible to connect Dorsey, Thrun, industry, banking, Congress, and academia together in such a way that utilizes millions of retirees as brains enlisted to recover the wealth we are losing so fast and furiously.

One of lines in the Frontline piece was that we face socialism or depression as the outcomes of shortage of monetized demand to fuel consumption and of real supply to meet reasonable need. Socialism will harden our productive arteries and a capitalist depression may savage our achievements to date to create human rights necessary for the Golden Rule to take on a positive meaning.

SharkswithfrikingLazers  04/26/2012 04:56 PM Report

So there are demonstrations in Egypt and Charlie has one of the usual suspects on a deck of a hotel somewhere giving us opinion.

Now I can get down and dirty and get the Twitter feed so I am there at the scene with the protesters.

That is until the bad guys find a way to jam it which is probably already a reality in New York City.

tabs  04/26/2012 04:13 PM Report

Ahh Mr Dorsey, you surprisingly have a sense of history. The question Mr Dorsey is just how ambitious are you? There is an ultimate end for what you are doing.

anonymouse  04/26/2012 04:13 PM Report

@RRMant, your comments reflect the reason why you're not an entrepreneur.

REMant  04/26/2012 11:41 AM Report

Square is nice, but cash is safer. I still see little real value in Twitter except as a defense against tyranny. And, as with all media, it provides an opening to an even greater tyranny, so in the end the value lies not so much in the information itself as in the encouragement to honesty. Tho I'm sure the police, defense and intelligence establishments will not see it that way, nor, probably, many businesses.