Browse content similar to 27/04/2016. Check below for episodes and series from the same categories and more!
Line | From | To | |
---|---|---|---|
This is Business Live from BBC News with Ben Thompson | :00:08. | :00:10. | |
After years of awesome growth and bumper sales, | :00:11. | :00:17. | |
sales of its biggest earner, the iPhone are falling. | :00:18. | :00:23. | |
Live from London, that's our top story today, Wednesday, | :00:24. | :00:27. | |
The iPhone is the most profitable product in history but as sales slip | :00:28. | :00:40. | |
for the first time ever, we'll assess what lies | :00:41. | :00:42. | |
Top bosses are expected to resign after after the car maker admits | :00:43. | :00:53. | |
using inaccurate fuel data for 25 years. | :00:54. | :00:58. | |
They are now down more than 50% since the crisis began. | :00:59. | :01:04. | |
Elsewhere this is how markets are looking ahead of interest rate | :01:05. | :01:06. | |
How do you justify selling a pair of beach shorts | :01:07. | :01:16. | |
And what happens if celebs you don't want to see wearing them, | :01:17. | :01:29. | |
We ask the boss of swimwear brand Vilebrequin. | :01:30. | :01:37. | |
And as Apple reports that fall in iPhone sales we want to know - | :01:38. | :01:40. | |
are you upgrading your smartphone less these days? | :01:41. | :01:42. | |
Are you making your old one last longer? | :01:43. | :01:44. | |
An Australian with French pronunciation! We will make more | :01:45. | :01:57. | |
about that later! It is the most valuable | :01:58. | :02:00. | |
company in the world, Last night it gave us an update | :02:01. | :02:06. | |
on sales and profits for the first And as many predicted, | :02:07. | :02:11. | |
sales of the iPhone were down. The technology giant reported | :02:12. | :02:15. | |
a revenues of $50.6 billion - It's a fall of 13% | :02:16. | :02:19. | |
on the same period last year. And it was sales of it's flagship | :02:20. | :02:31. | |
product, the iPhone, They dropped more than 16% compared | :02:32. | :02:34. | |
to the same time last year. And that's vital because Apple makes | :02:35. | :02:38. | |
nearly 70% of its profits from the iphone | :02:39. | :02:40. | |
as Dave Lee explains. With me is our technology | :02:41. | :02:45. | |
correspondent, Rory Cellan-Jones. Apple, I mean let's start with it. | :02:46. | :02:53. | |
The numbers came out, confirmed what you and I were talking about | :02:54. | :02:58. | |
yesterday. We were right, weren't we? We were spot on. For the iPhone | :02:59. | :03:05. | |
sales, this is a story, the world is saturated with the smartphones now? | :03:06. | :03:09. | |
2007, Steve Jobs unveils the first iPhone. It has gone on to be the | :03:10. | :03:15. | |
most extraordinarily profitable product in history. I was trying to | :03:16. | :03:18. | |
think the other day what's made more profit? The jumbo jet or Coke? One | :03:19. | :03:24. | |
single product and it has gone higher and higher every year. This | :03:25. | :03:28. | |
quarter they were comparing with last year was an amazing quarter in | :03:29. | :03:34. | |
2015. They got this new bigger iPhone, they do a release a year and | :03:35. | :03:39. | |
one year, it is a brand-new model and the next year it is a tweaked | :03:40. | :03:44. | |
one. Last year was the brand-new one, the iPhone 6 S, this year it is | :03:45. | :03:52. | |
the iPhone 6 last year and iPhone 6S this year and it was all about China | :03:53. | :03:55. | |
where people were going mad for this thing. So it is against that | :03:56. | :03:59. | |
background, but I think it is worrying because the figure, the | :04:00. | :04:04. | |
drop between this year and last, 10 million fewer iPhones sold. So much | :04:05. | :04:09. | |
depending on this and no clear route really to the future in terms of | :04:10. | :04:12. | |
another blockbuster product to replace it. In a nutshell, some will | :04:13. | :04:17. | |
say Apple's big problem is the fact that it needs to come out with a new | :04:18. | :04:21. | |
product that is going to knock our socks off and it hasn't, Apple | :04:22. | :04:25. | |
hasn't done that since Steve Jobs passed away? That's true and every | :04:26. | :04:30. | |
time people said, oh, dear this is not going too well, they have not | :04:31. | :04:33. | |
got a new product, they have managed to squeeze more and more profits out | :04:34. | :04:37. | |
of the iPhone. The big question is has that growth finally come to an | :04:38. | :04:43. | |
end? There is talk of other blockbuster products, there is talk | :04:44. | :04:48. | |
of a car, but that would be a long time away and that's an incredibly | :04:49. | :04:52. | |
ambitious product. People are getting to point of saying I'm not | :04:53. | :04:57. | |
going to hand over $600, $700 for a phone, yes, they are smartphones, | :04:58. | :05:00. | |
they do more things now, but there are more alternatives out there that | :05:01. | :05:03. | |
do the same thing and unless they come out with a killer app or a | :05:04. | :05:08. | |
killer bit of tech on that phone, people are less willing to hand over | :05:09. | :05:11. | |
so much money? I'm not sure that's true. A lot of people are willing to | :05:12. | :05:15. | |
hand over that sort of money. The market has stopped growing. The | :05:16. | :05:19. | |
overall smartphone market is a bit static at the moment. It maybe just | :05:20. | :05:24. | |
getting to the point of saturation. So that means, you know, you have | :05:25. | :05:28. | |
got to tweak things and give people something new. Some reason to | :05:29. | :05:32. | |
upgrade and Apple will be looking to September when it will launch an | :05:33. | :05:35. | |
iPhone 7 which will look different and they will be hoping that really | :05:36. | :05:39. | |
does the trick. OK. Rory, I'm sure we will speak to you again about | :05:40. | :05:45. | |
this! Rory's is so much bigger than mine. It is not about size, Aaron. | :05:46. | :05:47. | |
There we go, thank you. Twitter's latest earnings have | :05:48. | :05:50. | |
disappointed investors, coming in below expectations | :05:51. | :05:52. | |
as the firm struggles with weak Twitter said it had 310 million | :05:53. | :05:54. | |
monthly users in the first quarter and revenues came | :05:55. | :05:58. | |
in at $595 million, Shares in Twitter slumped 13.6% | :05:59. | :06:00. | |
on that news. A strike over pay at airports | :06:01. | :06:09. | |
in Germany is likely to cause Lufthansa, Germany's largest | :06:10. | :06:12. | |
carrier, has already cancelled nearly 900 flights at airports | :06:13. | :06:15. | |
including Frankfurt and Munich. The strike by workers | :06:16. | :06:23. | |
including ground services, security checks, fire | :06:24. | :06:25. | |
fighting and check-in staff, is likely to severely limit | :06:26. | :06:28. | |
operations at German airports. Getty Images says it will file a | :06:29. | :06:47. | |
lawsuit against Google. Getty argues that changes to Google's picture | :06:48. | :06:51. | |
search promotes piracy and gives the tech giant unfair advantages in | :06:52. | :06:53. | |
traffic and advertising. The company has in the past dismissed | :06:54. | :06:56. | |
allegations that it used its dominant position to stifle | :06:57. | :07:07. | |
competition. I call it the massacre at Mitsubishi | :07:08. | :07:10. | |
Motors. The Mitsubishi Motors | :07:11. | :07:15. | |
saga continues. Yesterday, we brought | :07:16. | :07:16. | |
you the breaking news that the company admitted errors | :07:17. | :07:21. | |
going back 25 years. Last week, it admitted to falsifying | :07:22. | :07:23. | |
fuel efficiency numbers Investors are not pleased - | :07:24. | :07:25. | |
shares fell another 2% today - but since the news was made public | :07:26. | :07:29. | |
last week, the company's value Tim McDonald is in our | :07:30. | :07:32. | |
Asia Business Hub in Singapore. Tim, that fall from grace really is | :07:33. | :07:37. | |
staggering and one that will be felt particularly keenly amongst the | :07:38. | :07:40. | |
bosses who we now expect will face tough decisions about their future? | :07:41. | :07:44. | |
Yeah, they certainly will. Mitsubishi closed down again and it | :07:45. | :07:49. | |
is only 2.8% which, you know, isn't bad considering the week they have | :07:50. | :07:52. | |
had, but of course, that comes as you mentioned on a huge drop-out, a | :07:53. | :07:58. | |
lost half its value over the past week or so. The Japanese media is | :07:59. | :08:02. | |
reporting the company's top two executives are likely to step down | :08:03. | :08:06. | |
over the scandal. Reportedly after its results are issued and that's | :08:07. | :08:09. | |
due to happen any minute now. So we will keep an eye on that. The issue | :08:10. | :08:13. | |
company's admissions that it cheat company's admissions that it cheat | :08:14. | :08:17. | |
on its full efficiency data. Mitsubishi admitted that could have | :08:18. | :08:20. | |
been going on for a quarter of a century. This noncompliant data as | :08:21. | :08:26. | |
it terms it. It is not the first time Mitsubishi has been in trouble. | :08:27. | :08:30. | |
About a decade ago it survived a defect cover-up scandal through | :08:31. | :08:34. | |
albail out by its sister companies. Mitsubishi is a huge con Great | :08:35. | :08:37. | |
Ormond Street Hospital lat and cars are just one part of the business so | :08:38. | :08:40. | |
we will see if this time around, if there is any appetite to bail | :08:41. | :08:44. | |
Mitsubishi Motors out a second time. Yeah, that's the big question, Tim. | :08:45. | :08:48. | |
We will follow that story closely. We will be back with you when there | :08:49. | :08:54. | |
is more. Tim McDonald in Singapore. Japanese stocks, falling again. A | :08:55. | :08:58. | |
third straight day after disappointing corporate earnings and | :08:59. | :09:02. | |
the uncertainty over whether the Bank of Japan will deliver further | :09:03. | :09:06. | |
stimulus at the policy meeting this week. | :09:07. | :09:10. | |
In the US - that's how Wall Street closed - | :09:11. | :09:13. | |
with Apple and Twitter both disappointing with latest results. | :09:14. | :09:16. | |
Incidentally, Apple shares were down 8% in after hours trading, | :09:17. | :09:19. | |
erasing a whopping $46 billion off its value. | :09:20. | :09:23. | |
European markets lower at the open after that weak lead from the US. | :09:24. | :09:31. | |
They'll be looking ahead to that gathering of US policy-makers | :09:32. | :09:33. | |
But it's Facebook that's in the spotlight stateside today - | :09:34. | :09:40. | |
Facebook reports its results on Wednesday and expectations are high. | :09:41. | :09:48. | |
We often talk about a slowing growth in its user numbers in the United | :09:49. | :09:53. | |
States, but the company has been looking to emerging markets for more | :09:54. | :09:58. | |
new users and digital and mobile spending is still in high demand | :09:59. | :10:05. | |
especially video across Facebook and Instagram will be monitoring how | :10:06. | :10:09. | |
much mobile accounted for its revenue. Last quarter it was 80% and | :10:10. | :10:14. | |
it is expected to have risen and markets will be monitoring the | :10:15. | :10:17. | |
Federal Reserve's monetary policy decision. The cost of borrowing. | :10:18. | :10:21. | |
Interest rates are expected to be kept on hold, but the Fed might be | :10:22. | :10:25. | |
more upbeat on the economic outlook which might give us a few more hints | :10:26. | :10:29. | |
as to when they might raise the interest rates again. | :10:30. | :10:34. | |
Richard Dunbar, Investment Director at Aberdeen Asset Management. | :10:35. | :10:39. | |
Let's get cracking. The Bank of Japan. Let's start with that. There | :10:40. | :10:46. | |
is huge expectation that they're going, they need to do something, | :10:47. | :10:50. | |
right? There is big expectation. The growth numbers out of Japan have | :10:51. | :10:54. | |
continually been poor for the last 20 years. They have pulled every | :10:55. | :10:59. | |
scarks lever possible and the expectation is they will do more in | :11:00. | :11:02. | |
their version of quantitative easing and possibly more on fiscal policy, | :11:03. | :11:06. | |
taxation policy to really get that economy motoring, but they have | :11:07. | :11:10. | |
tried virtually everything so far... There is no sense that what they | :11:11. | :11:15. | |
have tried, all the arrows, haven't really worked? Well, the first arrow | :11:16. | :11:19. | |
was monetary policy, the quantitative easing, the second | :11:20. | :11:23. | |
arrow was fiscal policy trying to put more money into people's pockets | :11:24. | :11:27. | |
and the third arrow was restructuring and that economy is in | :11:28. | :11:32. | |
need of restructuring, we have seen some evidence of that, but not | :11:33. | :11:38. | |
enough to get the economy motoring. No exchange expected at the Fed | :11:39. | :11:42. | |
regarding rates, but there is no press conference today? There is | :11:43. | :11:46. | |
just a press release, as ever, we will pour over every word of that | :11:47. | :11:49. | |
press release. The phrase we will study today wrth is the balance of | :11:50. | :11:54. | |
risk? Is the economy running too hot or too cold?" They Do they need to | :11:55. | :11:59. | |
put interest rates up? Good stuff. I know you'll talk us through the | :12:00. | :12:06. | |
papers, but for now, thank you. Let's look at our Business Live | :12:07. | :12:09. | |
page. It is a crack website. Check it out! | :12:10. | :12:16. | |
I know we've already mentioned this. You and I will chat and let the | :12:17. | :12:23. | |
camera do its thing. If you are planning of flying | :12:24. | :12:34. | |
Lufthansa check out the website. They have cancelled 900 flights. | :12:35. | :12:42. | |
This is more the airport side. Lufthansa Had one strike after | :12:43. | :12:49. | |
another. This could be significant. 900 flights and 60% of their daily | :12:50. | :12:53. | |
typical traffic. This time, it involves all sorts of other workers | :12:54. | :12:59. | |
including ground staff, security, and bags, check-in staff and that | :13:00. | :13:03. | |
will have a severe knock-on effect across the rest of the week. If | :13:04. | :13:06. | |
you're travelling today, make sure you check where you are going. We | :13:07. | :13:11. | |
put out the question on Twitter about upgrading, do you upgrade less | :13:12. | :13:18. | |
now? Can James has written in. He says, "Mobile contracts are now for | :13:19. | :13:21. | |
at least two years. I once upgraded every year and then 18 months and | :13:22. | :13:26. | |
now it is every two years." This one says, "I made a rule only to upgrade | :13:27. | :13:34. | |
my equipment when the new stuff does something my old stuff does not." It | :13:35. | :13:39. | |
is coming up with something that new that makes people to part with their | :13:40. | :13:41. | |
cash. The boss of swimwear firm | :13:42. | :13:45. | |
Vilebrequin tells us why paying $200 for a pair of swim shorts | :13:46. | :13:48. | |
is an investment. You're with Business | :13:49. | :13:50. | |
Live from BBC News. If Britain left the EU | :13:51. | :13:54. | |
in its referendum in June, would it lead to an unravelling | :13:55. | :14:00. | |
of the entire European Union? But one man knows what it's | :14:01. | :14:03. | |
like to be at the centre Jose Manuel Barroso - | :14:04. | :14:09. | |
the 11th President of the European Commission - | :14:10. | :14:16. | |
in the top job between 2004 to 2014 - at the height of | :14:17. | :14:19. | |
the financial crisis. This week he's in the UK and has | :14:20. | :14:22. | |
been talking to the BBC. So what would happen | :14:23. | :14:25. | |
if the UK voted for Brexit? It is difficult to predict all the | :14:26. | :14:38. | |
consequences, but certainly the consequences would not be good, | :14:39. | :14:42. | |
because Britain is one of the most important countries in the world, | :14:43. | :14:48. | |
and if such an important country leaves the European Union, it will | :14:49. | :14:50. | |
be detrimental for Europe, and it would be good news for those who do | :14:51. | :14:52. | |
not like Europe who are also not not like Europe who are also not | :14:53. | :14:58. | |
great admirers of Britain, because they like to see a weaker Europe and | :14:59. | :15:02. | |
probably also a weaker United Kingdom. So that is why I think | :15:03. | :15:09. | |
there would be consequences. There are difficult to anticipate at this | :15:10. | :15:15. | |
moment, but certainly it would be negative from a European point of | :15:16. | :15:18. | |
view. The big boss of the European Union. Let's talk about Barclays | :15:19. | :15:20. | |
Bank! Barclays Bank has reported a 25% | :15:21. | :15:22. | |
slump in pre-tax profits for the three months to the end | :15:23. | :15:25. | |
of March to ?793 million from The bank took a bit of a beating | :15:26. | :15:28. | |
in the quarter, as have many of its US rivals as profit | :15:29. | :15:36. | |
from investment banking operations Home Retail Group, | :15:37. | :15:38. | |
the owner of Argos, has made a full-year | :15:39. | :15:47. | |
loss of ?804 million relating to the proposed | :15:48. | :15:49. | |
takeover by Sainsbury's. Earlier this year, supermarket | :15:50. | :15:52. | |
Sainsbury's struck a deal to acquire Argos for ?1.4 billion, | :15:53. | :15:55. | |
and the deal is expected to be Sales at Argos came in flat, | :15:56. | :15:58. | |
and fell 3% at Homebase. A quick reminder you can get all the | :15:59. | :16:11. | |
other detail that you might need on the tablet, including more there on | :16:12. | :16:15. | |
the Argos story making that loss, but also we have had news this | :16:16. | :16:19. | |
morning about the promotions in supermarkets and the indications | :16:20. | :16:21. | |
they have about whether they are misleading to customers. The | :16:22. | :16:25. | |
regulator says that they are. ASDA vows to change. | :16:26. | :16:38. | |
Our top story: After years of record growth, sales | :16:39. | :16:41. | |
of Apple's biggest earner, the iPhone, are falling. | :16:42. | :16:48. | |
They have also been falling in China, but they will be launching | :16:49. | :16:53. | |
new products and are hoping to get more of us to part with our cash to | :16:54. | :16:55. | |
buy them. And now, how do you convince | :16:56. | :16:57. | |
customers to pay more than $200 The French brand Vilebrequin was set | :16:58. | :17:00. | |
up in 1971 and specialises in luxury swimwear, with some of its items | :17:01. | :17:05. | |
selling for thousands of dollars. It has 185 outlets worldwide, | :17:06. | :17:11. | |
with its biggest markets being France, the US | :17:12. | :17:17. | |
and the Caribbean. Its chief executive is Roland | :17:18. | :17:18. | |
Herlory. After a career at luxury firm | :17:19. | :17:25. | |
Hermes, he was persuaded to take But on one condition - | :17:26. | :17:28. | |
that he could live and work from his Caribbean home | :17:29. | :17:35. | |
on the island of St Barts. I caught up with him and asked | :17:36. | :17:37. | |
what persuaded him to make the move. I joined the company because of him, | :17:38. | :17:54. | |
and because I love the brand. I have been wearing Vilebrequin since I was | :17:55. | :17:58. | |
18, by birthday gift when I was 18 was a pair of swim shorts. I spent | :17:59. | :18:06. | |
my holiday in St Tropez as a kid, so Vilebrequin was part of my holidays. | :18:07. | :18:11. | |
You are based in Saint Barts. You have design and manufacturer in | :18:12. | :18:16. | |
France, offices in Geneva, how does that work? The only place I can work | :18:17. | :18:21. | |
as the plane, the taxi on the lounge and the airport, so my office is | :18:22. | :18:26. | |
already in that precisely patient. When I am physically in the office, | :18:27. | :18:34. | |
it is GoToMeeting is, meeting the people,, explaining my job, I do it | :18:35. | :18:40. | |
with the computer, the iPhone, wherever I am. In a very short time, | :18:41. | :18:47. | |
you are from Hong Kong to New York, to Buenos Aires in Paris, so | :18:48. | :18:52. | |
suddenly you are complete vision of what is happening in the world. It | :18:53. | :19:02. | |
is very impressive not to listen, but to feel what is happening in all | :19:03. | :19:05. | |
these parts of the world, and perhaps the biggest lesson in the | :19:06. | :19:12. | |
world is that it is deeply diverse, that is the biggest lesson I have | :19:13. | :19:14. | |
learned from all these years travelling. Every place is | :19:15. | :19:19. | |
different, the people are different, the way of approaching life is | :19:20. | :19:22. | |
different, the way of approaching business is different. This | :19:23. | :19:27. | |
diversity for me is the biggest richness of our civilisation. Do you | :19:28. | :19:33. | |
ever wake up in a morning in your house and think, I don't want to get | :19:34. | :19:36. | |
on that plane, I don't want to go to another meeting? I never want to | :19:37. | :19:42. | |
take a plane, I never want to leave, the moment I sit in a plane, I | :19:43. | :19:47. | |
discover something different. You sell shorts for ?150. What would | :19:48. | :19:54. | |
convince me to pay ?150 for what is essentially a pair of shorts? The | :19:55. | :19:59. | |
yarn is from Italy, there is a woven process in Spain, then it is brushed | :20:00. | :20:05. | |
to get that softness. Then it is rented in France and Italy. The | :20:06. | :20:08. | |
whole process of the fabric, the touch, the rendering, it is | :20:09. | :20:15. | |
something which is extremely rare. The net, the lining is in cotton, | :20:16. | :20:20. | |
which would be the most fragile part, it is if it is damaged after a | :20:21. | :20:29. | |
few years com you bring it back to the store, and it will be removed | :20:30. | :20:33. | |
and change with a new one as you would with a good pair of shoes, you | :20:34. | :20:39. | |
can change the soul after ten years. So you get a product you can keep | :20:40. | :20:43. | |
for years and years. How much did you say? ?150? That not expensive. | :20:44. | :20:49. | |
Talk me through the power of celebrity endorsement, the good and | :20:50. | :20:52. | |
some bad. People you don't want to be seen wearing your shorts. I love | :20:53. | :20:59. | |
when Jude Law or a Leonardo DiCaprio is wearing these shorts. But | :21:00. | :21:05. | |
everybody is a prince, every client going into that store is a prince, a | :21:06. | :21:09. | |
king that we must serve, because we are able to offer him the feeling of | :21:10. | :21:15. | |
being a king. But there must be some people you see wearing your shorts | :21:16. | :21:25. | |
and you just cringe? Honestly, no. I am open-minded, did you not notice? | :21:26. | :21:29. | |
I told you about the diversity of the world, that is my credo, that is | :21:30. | :21:35. | |
what I believe. There is no cringe, I do not have that feeling. Cringe, | :21:36. | :21:43. | |
no cringing. I wonder what the French word is for that? I would | :21:44. | :21:51. | |
imagine that there must be. There are certain people you do not need | :21:52. | :21:54. | |
to see in swim shorts, no matter what brand they are. Did you touch | :21:55. | :22:03. | |
the midfield? Are they worth ?150? I put it to him about this move to a | :22:04. | :22:10. | |
very niche brands, so people now rather than this mass-market thing, | :22:11. | :22:12. | |
we have seen it from retailers on the high street because people have | :22:13. | :22:15. | |
a certain category of brands they want to go to, so they will pick and | :22:16. | :22:20. | |
choose bits rather than getting everybody for one retailer, that is | :22:21. | :22:23. | |
good news for companies like that, they have the quality and if you | :22:24. | :22:26. | |
want to pay for it, they will last longer. | :22:27. | :22:28. | |
And no, I'm not wearing a pair! A quick response to upgrading your | :22:29. | :22:38. | |
iPhones. Chinese phones are catching up in quality, maybe Apple shouldn't | :22:39. | :22:42. | |
have gone cheap on the product abroad, giving away secrets. Huawei | :22:43. | :22:52. | |
and so on. The design is not unique, it is all | :22:53. | :22:56. | |
about coming up with something different, and you are right, the | :22:57. | :23:01. | |
Chinese issue is one that many people are raising, the Chinese | :23:02. | :23:03. | |
rivals are much more able to offer new technology. That go straight | :23:04. | :23:12. | |
into the newspapers. Mitsubishi yesterday basically told consumers | :23:13. | :23:17. | |
it has been tricking them for 25 years, some saying it doesn't have | :23:18. | :23:20. | |
the deep pockets that Volkswagen has, and this could be the end of | :23:21. | :23:25. | |
the road. It has already cost Mitsubishi half its market value, | :23:26. | :23:29. | |
and investors are assuming that this is Volkswagen -esque in its delivery | :23:30. | :23:33. | |
in the sense that it started as a big problem and looks like it is | :23:34. | :23:36. | |
going to get into an even bigger problem for Mitsubishi. I'm not sure | :23:37. | :23:40. | |
it believes these fuel tests and numbers. There is an added layer of | :23:41. | :23:52. | |
complication that they looks like the Japanese government which has | :23:53. | :23:58. | |
given tax cuts for fuel efficiency... Is there a risk but | :23:59. | :24:05. | |
around the world, car-makers are going to get the same reputation as | :24:06. | :24:08. | |
the bankers, that they cannot be trusted, and they will need a big PR | :24:09. | :24:14. | |
effort to increase the trust? I think we have already arrived at | :24:15. | :24:17. | |
that point. Every car-maker is having to prove that they haven't | :24:18. | :24:22. | |
done this sort of thing. The costs are enormous, and other car | :24:23. | :24:24. | |
companies will come under the same scrutiny. Let's move on. This is the | :24:25. | :24:33. | |
New York Times, this is fascinating. This is helping police officers | :24:34. | :24:45. | |
using art. Policemen are being taken into Art galleries to look at art | :24:46. | :24:49. | |
and to try to look at heart without expectation, without any prejudice | :24:50. | :24:55. | |
and looking at it and saying, what is in that picture, and it has broad | :24:56. | :25:04. | |
implications, or tort to look without prejudice and expectation. | :25:05. | :25:07. | |
There are brilliant quotes in this article. One of them says, this | :25:08. | :25:12. | |
appears to be a painting of some men with horses. No points there for | :25:13. | :25:17. | |
observation. The next one says, it is a scene of semi-chaos, horses are | :25:18. | :25:23. | |
driven to market. And when someone says, it is daytime, the horses | :25:24. | :25:26. | |
appear to be travelling from left to right. I wouldn't want these guys to | :25:27. | :25:33. | |
me by police officer! I suspect when the great artists painted these, I | :25:34. | :25:36. | |
think they put a little more detail in the policemen have pulled out, | :25:37. | :25:39. | |
but every time we look something, we come to it with bias or expectation | :25:40. | :25:43. | |
of what we think it is going to be like or would like it to be like, | :25:44. | :25:50. | |
and they need to learn to look and say, without bias, what is it. That | :25:51. | :25:51. | |
is valuable. Better observation from the markets, | :25:52. | :25:55. | |
thank you! What on earth is going on with the | :25:56. | :26:13. | |
weather, he'd cry! One moment, blue skies, the next minute, your | :26:14. | :26:16. | |
daffodils are struggling with this unseasonably cold weather. We | :26:17. | :26:22. | |
continue with that vein of | :26:23. | :26:23. |