#AT&T: Forty years ago, Ma Bell broke into innovation and prosperity. Simon Constable, WSJ
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 19 October 2023
⏱️ 9 minutes
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#AT&T: Forty years ago, Ma Bell broke into innovation and prosperity. Simon Constable, WSJ
1941 Detroit Fashion Show
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| 0:00.0 | This is CBSI in the world. I'm John Bachelors. To the South of France, I'm in Constable |
| 0:10.2 | reporting for barons in Wall Street Journal and other distinguished publications. First, |
| 0:14.8 | the climate in the paradise of the South of France climate. Simon, I reported in New England, |
| 0:21.0 | the temperatures rise maybe to the 60s during the day, a mild wind. How is it with you? Good |
| 0:26.5 | evening to you. Good evening to you, John, as well. Well, this summer, just to put this in |
| 0:31.5 | context, it was very hot. It was up to 100, maybe more on some days. It is now cooled down. Thank |
| 0:37.9 | goodness. And we have a light wind, maybe two to three miles an hour, and it's getting to a |
| 0:43.3 | high of around 60. So it's nice and cool. And actually, we had some rain a few hours ago, |
| 0:49.8 | just a light drizzle of rain, something that we really need a lot of here in the South of |
| 0:54.5 | France. It's a very, very dry, not one war, but two wars. Simon, energy prices. Do they reflect |
| 1:00.9 | anxiety about the winter ahead? Absolutely. They do. So Brent crude is now fetching around |
| 1:08.3 | $91 a barrel. Brent crude is the European benchmark and a very important one worldwide as well. |
| 1:14.8 | And that's up from $85. So that's your six dollars up. And that was on October the fifth, |
| 1:21.2 | which is just before the terrorist attack on Israel, which was atrocious, of course. So that's |
| 1:27.5 | showing tension and worry of oil traders. And from energy prices, we go immediately to the worry |
| 1:35.3 | around the world of a slowdown. Europe is still struggling with inflation and the ECB still |
| 1:43.1 | intends to hike. We're told the Federal Reserve remears the same thing. I mentioned that before |
| 1:49.4 | we get to the recession worries, however, you and I are speaking on Starlink, which is SpaceX's |
| 1:55.6 | launch of satellite swimming above me. 40 years ago, there was a different world entirely. Simon, |
| 2:04.0 | what was AT&T? Help us understand in your feature for the Wall Street Journal. |
| 2:09.5 | Oh, this is fascinating. I didn't live in the US at the time, 40 years ago. I lived in the UK. |
| 2:15.3 | So this was all very much news to me, but it is now big history. AT&T basically ran the |
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