5/1/2016: Strike-through, Fintech, The Children's Village
60 Minutes
CBS News
3.8 • 2.6K Ratings
🗓️ 2 May 2016
⏱️ 45 minutes
🧾️ Download transcript
Summary
At the height of the Ebola outbreak, 60 Minutes received a tip that a major American manufacturer had knowingly provided defective protective equipment to health care workers in the U.S. and abroad. Anderson Cooper investigates.
Patrick and John Collison are among a vanguard of entrepreneurs trying to make the movement of money online as easy as sending photos or videos. The young founders of Stripe, a $5 billion payments startup, appear in a Lesley Stahl report on the burgeoning industry known as “Fintech,” which is challenging traditional financial institutions.
India Howell is mother to more than ninety children. And her business partner, Peter Leon Mmassy, is the father. It's the biggest extended family we’ve ever seen. Bill Whitaker reports.
Transcript
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| 0:00.0 | I'm Jane Pauley. Listen up. Every Monday, tune into our Sunday morning podcast, offering extended |
| 0:07.4 | interviews, in-depth conversation, and inspiring stories on arts, culture, travel, and more, |
| 0:15.5 | along with features that make you smile, because there's always something new under the sun. |
| 0:22.4 | Follow and listen to our Sunday morning podcast on the free Odyssey app, or wherever you get your podcasts. |
| 0:32.3 | All right, let's go. |
| 0:33.8 | Accusations that a major American manufacturer had knowingly provided defective surgical gowns to U.S. |
| 0:40.1 | health care workers were first shared with 60 minutes at a time when the Ebola crisis was spiking. |
| 0:46.4 | Did you sell protective equipment for Ebola that you knew was defected? |
| 0:50.5 | No, and frankly, I think the allegations aren't based in the facts. |
| 0:55.4 | You're saying they're completely false? Yes. Is that what he told you? Yeah. |
| 0:59.4 | Evidently, he forgot the 11th commandment. Which is, do not lie to 60 minutes. |
| 1:06.8 | It's being called the financial technology or fintech revolution. |
| 1:11.9 | Say you need a loan. |
| 1:13.7 | FinTech sites match borrowers and lenders directly, the way Uber connects passengers with drivers, |
| 1:20.7 | need financial planning? |
| 1:22.6 | Algorithms are replacing human advisors and brokers. |
| 1:26.7 | Apps like Venmo let people click money to each other, similar to texting. |
| 1:31.9 | Many of the innovative services in financial technology |
| 1:35.8 | that have come along in the past 10 years are not coming from banks. |
| 1:43.4 | These are all your kids. These are all your kids. |
| 1:45.0 | These are all my kids. |
| 1:46.7 | That's right. |
... |
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