Checks and Balance: Face palm

Checks and Balance from The Economist

The Economist

Politics, News & Politics, News, Us Politics

4.6 • 1.7K Ratings

🗓️ 15 October 2021

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Republicans and Democrats don't agree on much, but in Facebook they’ve found a common enemy. When whistleblower Frances Haugen told a congressional hearing the company knew its products damaged the mental health of its young users, senators rushed to proclaim they would get something done. How harmful is Facebook? And will politicians take action?

The Economist’s Hal Hodson tells us we need more evidence to understand social media’s impact on wellbeing. We go back to when video games caused panic on Capitol Hill. And The Economist’s Alexandra Suich Bass explains why this scandal is politically potent.

John Prideaux hosts with Charlotte Howard and Jon Fasman.

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Transcript

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0:00.0	When it comes to investing, there's do, and then there's do more.
0:04.9	That's why at BlackRock we've built MyMap, a simple multi-acid range that makes investing
0:09.8	easier and does more for your money.
0:12.3	Choose from a range of ready-made, actively managed and sustainable funds, each providing
0:16.7	more diversification than a single asset, and designed with different risk levels in mind,
0:22.1	so you choose the best option for you.
0:24.8	Search BlackRock MyMap now to do more.
0:28.0	Capital at risk, the value of investments and the income from them can fall as well as
0:31.5	rise and are not guaranteed.
0:33.6	Investors may not get back the amount originally invested.
0:36.2	Diversification and asset allocation may not fully protect you from market risk.
0:46.2	Kevin Sistram loved Kentucky Whiskey.
0:49.2	In early 2010 he launched Bourbon Spelt B-U-R-B-N, in tribute to his favourite tipple.
0:56.3	The app let you tell friends where you were, earn points for hanging out together and share
1:01.1	photos.
1:02.1	It was trying to do too much though.
1:04.6	Sistram and his co-founder Mike Krieger soon realised that the photo-sharing feature
1:09.6	was the biggest draw.
1:12.2	Bourbon 2.0 was much more simple, slick photo-sharing app, with the choice of hazy filters to give
1:18.1	images a hipstoshine.
1:20.7	After a brief flirtation with the name Scotch, Sistram quit drinking names in favour of
1:25.9	a portmanteau of instant and telegram.
	...

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