Browse content similar to 06/01/2017. Check below for episodes and series from the same categories and more!
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The US eLection was influenced by Vladimiri Putin - | :00:07. | :00:10. | |
the claim by US intelligence chiefs as they release their full report. | :00:11. | :00:12. | |
There's no sign that Donald Trump will accept that. | :00:13. | :00:15. | |
This world expert in cyber crime tells us this CIA | :00:16. | :00:22. | |
report is the most import one in the agency's history. | :00:23. | :00:24. | |
We'll hear the reaction to that from the former | :00:25. | :00:26. | |
A gunman opens fire inside Fort Lauderdale airport in Florida. | :00:27. | :00:33. | |
We'll bring you the latest on the casualties. | :00:34. | :00:43. | |
They call it the Michael Fish moment: the Bank of England heaps | :00:44. | :00:46. | |
scorn on the economists who missed failed to see coming | :00:47. | :00:48. | |
How does a weatherman get blamed for what some | :00:49. | :00:52. | |
In the last hour US intelligence chiefs have | :00:53. | :01:00. | |
released their report on what they believe to be | :01:01. | :01:04. | |
Russian interference in the American Presidential Election. | :01:05. | :01:07. | |
It is as conclusive as it is damning - pointing the finger | :01:08. | :01:10. | |
directly at Vladimir Putin - and saying he ordered | :01:11. | :01:13. | |
an "influence campaign" aimed at undermining public faith | :01:14. | :01:15. | |
It states their understanding that the Russian Government | :01:16. | :01:22. | |
developed a clear preference for President-elect Trump | :01:23. | :01:26. | |
over Hillary Clinton - and backed what private cyberspace | :01:27. | :01:28. | |
companies have long concluded, that a Russian group known as Fancy | :01:29. | :01:32. | |
Bear was behind the leaked emails of top Democrats. | :01:33. | :01:36. | |
The report emerged shortly after a meeting between Trump | :01:37. | :01:38. | |
Donald Trump called the meeting "constructive" and appeared to admit | :01:39. | :01:45. | |
foreign spies could be behind the hacking. | :01:46. | :01:48. | |
But he refused once more to believe the outcome of the election had | :01:49. | :01:51. | |
This is where it all started so publicly, the Democratic National | :01:52. | :02:03. | |
Convention in July, a chance for a presidential candidate to shine in | :02:04. | :02:06. | |
front of adoring party conference, but Hillary Clinton's Coronation was | :02:07. | :02:11. | |
mired by scandal, the chair of the DNC had to resign on the eve of the | :02:12. | :02:15. | |
party convention after a league of internal e-mails showed officials | :02:16. | :02:19. | |
favouring Clinton over Bernie Sanders. Forward six months, the | :02:20. | :02:26. | |
leaks get worse and Donald Trump wins the election, and Barack Obama | :02:27. | :02:34. | |
announces expulsions of Russian diplomats after what America | :02:35. | :02:39. | |
believed is a cyber attack from Russia. It is not exactly in the | :02:40. | :02:44. | |
interest of Donald Trump to acknowledge that he may be benefited | :02:45. | :02:48. | |
from state-sponsored hacking, made all the more awkward after those | :02:49. | :02:53. | |
comments back in July. Russia, if you are listening, I hope you are | :02:54. | :02:58. | |
able to find the 30,000 e-mails that are missing. The last 24 hours has | :02:59. | :03:05. | |
shown the capricious nature of the debate, first Syriza tweets saying | :03:06. | :03:08. | |
he was a big of intelligence agencies, -- a series of tweets. And | :03:09. | :03:13. | |
then a follow-up, asking why they had not investigated Democratic | :03:14. | :03:22. | |
computers. He has now conceded the leaks might have come from foreign | :03:23. | :03:25. | |
enemies but insists there was no effect on the outcome of the | :03:26. | :03:30. | |
election. Perhaps he's right, we might never know for sure, but this | :03:31. | :03:34. | |
is no longer about the part Russia may be played in America's domestic | :03:35. | :03:39. | |
affairs, it's about the Laois and ship the President of the United | :03:40. | :03:41. | |
States will have with the agencies tasked with keeping America safe -- | :03:42. | :03:47. | |
the relationship. If Trump doesn't trust his own spies, the Kremlin's | :03:48. | :03:48. | |
work is done. I'm joined now by Thomas Rid, | :03:49. | :03:52. | |
Professor of Security Studies at Kings College - | :03:53. | :03:55. | |
he's been looking through It is unflinching. In the way it | :03:56. | :04:03. | |
points the finger directly at Russia and Russian hackers, and that the | :04:04. | :04:05. | |
Russian government and at Vladimir Putin. It is important to keep this | :04:06. | :04:11. | |
in a his topical context, a lot of the threat intelligence and digital | :04:12. | :04:16. | |
forensic amenity have studied Russian hacking campaigns for many | :04:17. | :04:22. | |
years, two decades, and the one thing that is crucial, they make | :04:23. | :04:26. | |
mistakes. Again and again, and when they make mistakes we can look at | :04:27. | :04:29. | |
these mistakes and learn from them and link attacks to each other. And | :04:30. | :04:37. | |
to the perpetrator. You have read the report you don't think it is | :04:38. | :04:41. | |
oversold, this understanding of Russian influence? The US | :04:42. | :04:46. | |
intelligence committee have been tracking Russian operations, not | :04:47. | :04:53. | |
just in computers, network operations, but Russian influence | :04:54. | :04:57. | |
operation for many decades they have coverage through human sources as | :04:58. | :05:01. | |
well as technical sources and we can tell from their very strong | :05:02. | :05:04. | |
intelligence language in the report that their sources including their | :05:05. | :05:07. | |
human sources seem to be very strong. This is a significant | :05:08. | :05:13. | |
observation. Standing back you could say that President Obama ordered the | :05:14. | :05:16. | |
report a month ago and it comes as Donald Trump is about to be | :05:17. | :05:19. | |
inaugurated and it seems to favour Hillary Clinton by appointing the | :05:20. | :05:28. | |
figure at Vladimir Putin's support for the knot on, so why would you | :05:29. | :05:32. | |
not be sceptical? -- support for Donald Trump. Let's keep this in | :05:33. | :05:38. | |
perspective, President Obama was very reluctant in the campaign to | :05:39. | :05:42. | |
use the intelligence community and to point fingers at what was going | :05:43. | :05:47. | |
on, because he, like many others, thought that Clinton would win, | :05:48. | :05:50. | |
anyway, so it wouldn't matter in the end, but clearly that did not | :05:51. | :05:58. | |
happen. You have traced the way... You were looking at e-mails to John | :05:59. | :06:01. | |
Podesta and how the spam filter failed. And how the e-mails | :06:02. | :06:07. | |
essentially leaked, but what makes you link John Podesta at one end to | :06:08. | :06:15. | |
Vladimir Putin at the other? In that particular case, the Russian | :06:16. | :06:18. | |
operators made the mistake and left part of the infrastructure that they | :06:19. | :06:24. | |
used in order to breach thousands of targets, hundreds of thousands of | :06:25. | :06:27. | |
targets and only one of them was John Podesta. Because they made that | :06:28. | :06:32. | |
mistake with a link shortening a cat, and this is only one mistake of | :06:33. | :06:38. | |
many, we can piece together highly detailed full resolution picture of | :06:39. | :06:43. | |
their targeting over many months and it looks exactly like the targets | :06:44. | :06:46. | |
set of a military intelligence agency would look like. A military | :06:47. | :06:51. | |
intelligence agency means Vladimir Putin himself? The operation was | :06:52. | :07:00. | |
most likely started as a bottom-up initiative and then Vladimir Putin | :07:01. | :07:03. | |
signed off on it at some point in the middle of last year which is | :07:04. | :07:07. | |
also part of the intelligence estimate. How do you think Donald | :07:08. | :07:17. | |
Trump himself has handled the leaks? We know from history, and this is a | :07:18. | :07:20. | |
very long history, Cold War history, the Russian intelligence community | :07:21. | :07:27. | |
have honed their skills in driving wedges into the political systems of | :07:28. | :07:33. | |
their adversary 's to multiply divisions, and first they wanted to | :07:34. | :07:36. | |
divide Clinton and Bernie Sanders which they set seeded in doing, and | :07:37. | :07:43. | |
now it seems they are daring Trump to deepen the division between his | :07:44. | :07:47. | |
Administration and his own foreign policy and intelligence | :07:48. | :07:52. | |
establishment. So by tweeting at these are unhinged statements, he is | :07:53. | :07:55. | |
indeed doing exactly what the Russians and probably Vladimir Putin | :07:56. | :08:00. | |
want him to do. Thomas, thanks for joining us. | :08:01. | :08:04. | |
Former Director of the CIA James Woolsey joins me now. | :08:05. | :08:07. | |
He quit the Trump transition team this week - as - he explained - | :08:08. | :08:10. | |
he didn't want to fly under false colours as a senior | :08:11. | :08:13. | |
Thank you very much for joining us. Have you read the report before it | :08:14. | :08:25. | |
was released? Do you agree with what it says? I had not read it before it | :08:26. | :08:35. | |
was released, and it seems to me that it sounds like a Saudi done | :08:36. | :08:44. | |
report. -- soundly done report. It makes several ports, several points, | :08:45. | :08:52. | |
the Russian effort is wide reaching, the Russians call it disinformation, | :08:53. | :08:58. | |
otherwise known as lying, and they target institutions in the West, any | :08:59. | :09:06. | |
institutions in countries they are concerned about or interested in, | :09:07. | :09:11. | |
they have been doing this since the 1940s, maybe the 1930s. And they | :09:12. | :09:18. | |
have done it of course until very recently without using cyber but | :09:19. | :09:24. | |
using other devices, forged documents, doctored photographs, | :09:25. | :09:30. | |
except you. Hundreds and hundreds of people, thousands of people, | :09:31. | :09:35. | |
according to defectors who had gone into this in some detail. That is | :09:36. | :09:41. | |
apparently confirmed by the report. And I think it is good and sound for | :09:42. | :09:49. | |
Americans and the rest of us to understand that the Russians operate | :09:50. | :09:53. | |
this way and they have operated this way for many years and they are not | :09:54. | :09:55. | |
going to change under Vladimir Putin. It also seems, the report | :09:56. | :10:03. | |
seems to say, that whatever the Russians did, it does not seem to | :10:04. | :10:10. | |
have influenced the outcome of the election, that is not just something | :10:11. | :10:13. | |
Trump is saying, that is something the report says. And something Jim | :10:14. | :10:21. | |
Clark has said, as well. They would have needed to do that, they would | :10:22. | :10:25. | |
have needed to have got them into the voting machine and the counting | :10:26. | :10:29. | |
process, which we have got to upgrade in the United States. Can I | :10:30. | :10:36. | |
just come in, you have said this is good and sound, and we know Donald | :10:37. | :10:39. | |
Trump has refused to believe that it had any effect on the election | :10:40. | :10:46. | |
outcome, what do you read into that? No one else I know has charged that | :10:47. | :10:56. | |
it has had an effect on the outcome. I don't believe the intelligence | :10:57. | :11:02. | |
organisations or the FBI or anything I've read, suggests there was any | :11:03. | :11:08. | |
effect. It is something which one needs to fix because if it is not | :11:09. | :11:12. | |
fixed and the voting machines are not perfect, there could be an | :11:13. | :11:19. | |
effect Sunday, but I don't know of any authoritative statement which | :11:20. | :11:25. | |
says it affected the counting and the models, the counting of the | :11:26. | :11:29. | |
ballots. What is your message to Democrats tonight who hear this | :11:30. | :11:34. | |
report which points the finger at Vladimir Putin leading a campaign of | :11:35. | :11:38. | |
influence over the election and must be feeling outraged? Well, I would | :11:39. | :11:45. | |
think that all Americans, Democrats and Republicans, ought, if not to be | :11:46. | :11:51. | |
outrage, to be somewhere between outraged and highly concerned, that | :11:52. | :11:57. | |
the Russians, by continuing to do what they have done for many | :11:58. | :12:01. | |
decades, and doing it with advanced technology, could have an effect the | :12:02. | :12:06. | |
next time, a real effect, not just a theoretical one, be out, of | :12:07. | :12:13. | |
elections. Britain's elections, our elections, other elections. We need | :12:14. | :12:17. | |
to get in control of our own systems and counter what the Russians are | :12:18. | :12:23. | |
doing. Can I journey suggest that some might here that is rather | :12:24. | :12:28. | |
naive, we understand there are reports of senior Russian official | :12:29. | :12:31. | |
celebrating a Trump victory and we know that Trump himself seems to be | :12:32. | :12:35. | |
very friendly with Russia and he has refused to point the finger at the | :12:36. | :12:40. | |
state himself or stop what more evidence do we need that this is | :12:41. | :12:43. | |
Russian influence working on American politics? If the Russians | :12:44. | :12:50. | |
had real elections and there was one between Vladimir Putin and | :12:51. | :12:54. | |
Gorbachev, there would be celebrations in the United States | :12:55. | :12:59. | |
and Britain, that Gorbachev had won, even if we had not gotten involved | :13:00. | :13:03. | |
in doing the kind of things that the Russians do, with respect to | :13:04. | :13:05. | |
interfering with voting and so forth. One of the things we are | :13:06. | :13:13. | |
seeing here, Americans comes slowly as a nation, taking effect, posing | :13:14. | :13:24. | |
and fighting something which are challenging and we are still at the | :13:25. | :13:28. | |
beginning stages of this was Churchill said the Americans always | :13:29. | :13:31. | |
do the right thing, but unfortunately only after they have | :13:32. | :13:33. | |
exhausted all the other possibilities. You have to realise | :13:34. | :13:38. | |
we are exhausting possibilities now, give us time, and I think we will | :13:39. | :13:43. | |
organise things in such a way that we protect our ballot and help | :13:44. | :13:49. | |
others protect theirs. Take us inside the mindset which you know so | :13:50. | :13:55. | |
well of senior intelligence chiefs, the CIA, who have heard their | :13:56. | :13:58. | |
commander-in-chief reject the explanation that they have offered, | :13:59. | :14:02. | |
what kind of relationship lies in store for Donald Trump and the CIA | :14:03. | :14:08. | |
now? They are big boys and girls and they take a lot of criticism, it is | :14:09. | :14:12. | |
very popular in the United States politically, if anything comes up | :14:13. | :14:16. | |
that remotely deals with intelligence, to find some reason to | :14:17. | :14:23. | |
criticise the CIA... Publicly? Often, often. I have seen that | :14:24. | :14:31. | |
coming at me when I was director of Central intelligence, demanding that | :14:32. | :14:34. | |
I do impossible things, such as fire people who were already retired. | :14:35. | :14:38. | |
LAUGHTER We are not always at our best in the | :14:39. | :14:47. | |
initial stages of something, it took three years to get into World War I | :14:48. | :14:50. | |
and two and a half years to get into World War II while Britain held | :14:51. | :14:55. | |
Germany at bay, and sometimes we don't respond as quickly as we | :14:56. | :14:56. | |
should. Thanks for joining us. A gunman opened fire | :14:57. | :15:02. | |
in the baggage claim area at the Fort Lauderdale airport | :15:03. | :15:04. | |
in Florida, killing five people and wounding at least eight before | :15:05. | :15:06. | |
being taken into custody. The attack sent panicked passengers | :15:07. | :15:09. | |
running out of the terminal One man, believed to be | :15:10. | :15:11. | |
the shooter, is now in custody. Our correspondent | :15:12. | :15:20. | |
Barbara Plett Ussher There was a lot of confusion around | :15:21. | :15:29. | |
what was taken onto the plane, whether the shooter was a passenger, | :15:30. | :15:35. | |
whether he had carried a gun, what more can you tell us? Police have | :15:36. | :15:40. | |
not clarify the question, whether he came into the baggage claim area | :15:41. | :15:43. | |
from outside or whether he arrived as a passenger but the county | :15:44. | :15:46. | |
commissioner has said that he had been told that he came on a plane, | :15:47. | :15:50. | |
that he had checked his gun in the luggage and that he picked it up on | :15:51. | :15:56. | |
the baggage carousel and took it to the bathroom, where he loaded it and | :15:57. | :16:00. | |
came out shooting. It is legal to check a gun, to put it into checked | :16:01. | :16:06. | |
luggage, in the United States, under certain precautions and those | :16:07. | :16:09. | |
precautions were taken. The County Commissioner initially said that he | :16:10. | :16:13. | |
had come on my flight from Canada, that is something Air Canada and the | :16:14. | :16:16. | |
Canadian embassy have looked into and they have said, there was no | :16:17. | :16:19. | |
evidence that he had any connection to Canada and since then, reports | :16:20. | :16:23. | |
that he flew in from Anchorage, which is also the place where he was | :16:24. | :16:26. | |
last known to have lived, Anchorage, Alaska. Has there been much reaction | :16:27. | :16:33. | |
from political figures in America this evening so far? You have that | :16:34. | :16:39. | |
statements of condolence from the president, and something similar | :16:40. | :16:42. | |
from the President-elect, who takes the opportunity to comment on public | :16:43. | :16:46. | |
events through his Twitter account. He did that as well. One thing that | :16:47. | :16:53. | |
people will be asking, how could this happen so easily in an airport, | :16:54. | :16:57. | |
where you are supposed to have tight security. He seems to have brought | :16:58. | :17:03. | |
his gun in with him but the fact is that it took place in an arrivals | :17:04. | :17:07. | |
area, in domestic flights, in the United States, these areas are not | :17:08. | :17:12. | |
terribly secure, people can walk in, picked up family members, drivers | :17:13. | :17:14. | |
can pick people up at the baggage claim. It is possible there may be | :17:15. | :17:18. | |
some discussion about whether these areas need to be further secured | :17:19. | :17:22. | |
just like the areas where you go into departures for aeroplanes. | :17:23. | :17:25. | |
Thank you very much. There is a certain irony that | :17:26. | :17:29. | |
even when economists are attempting to take the blame, | :17:30. | :17:32. | |
they end up using poor old weather forecaster Michael Fish | :17:33. | :17:35. | |
as their whipping boy, and headline synonym | :17:36. | :17:36. | |
for a forecast gone wrong. The Bank of England admitted that | :17:37. | :17:38. | |
economists were facing after their dire predictions | :17:39. | :17:40. | |
of a post-Brexit downturn proved unfounded in | :17:41. | :17:45. | |
the first six months. The Bank of England's | :17:46. | :17:48. | |
chief economist Andy Haldane said his team were now | :17:49. | :17:51. | |
facing having to predict how despite unknowable outcomes | :17:52. | :17:54. | |
of the Brexit negotiations. So can economists tell us anything | :17:55. | :17:57. | |
more than Paul the Octopus, Earlier on today a woman rang the | :17:58. | :18:13. | |
BBC and said that she heard there was a hurricane on the way, if you | :18:14. | :18:18. | |
are watching, don't worry, there isn't. VOICEOVER: As economics had | :18:19. | :18:22. | |
its own Michael Fish moment, that is what the chief economist at the Bank | :18:23. | :18:25. | |
of England said this week. Very similar to the sort of reports | :18:26. | :18:32. | |
central banks, naming no names, issued precrisis," there's no | :18:33. | :18:38. | |
hurricane coming, it might be very windy in the sub-prime sector...". | :18:39. | :18:44. | |
It was a huge shock to economists, in 2009, 49 countries had | :18:45. | :18:48. | |
year-on-year falls, in economic activity, but as late as September | :18:49. | :18:57. | |
2008, no major forecasters foresaw that. We failed to appreciate the | :18:58. | :19:02. | |
damage that a relatively sub-prime bass malt sub-prime mortgage market | :19:03. | :19:06. | |
in the United States, loans to fairly poor people who cannot afford | :19:07. | :19:09. | |
the houses they are trying to buy, would do to our financial sector | :19:10. | :19:14. | |
because we did not realise just how interdependent the whole sector had | :19:15. | :19:18. | |
become. There were views that the financial sector was able to manage | :19:19. | :19:21. | |
risk much more effectively, than all this all sort of -- with all this | :19:22. | :19:26. | |
computerisation and self reporting and it turned out not to be true. | :19:27. | :19:30. | |
The financial crisis was not the only bad weather that the economists | :19:31. | :19:34. | |
missed, ever since then, the British economy has consistently | :19:35. | :19:37. | |
underperformed what the economic consensus has suggested. There is a | :19:38. | :19:42. | |
storm that they predicted that never came, the "Brexit" referendum did | :19:43. | :19:46. | |
not lead to an immediate contraction. Those two misses were | :19:47. | :19:56. | |
not the result of complex mass mistakes but relatively simple | :19:57. | :19:58. | |
judgment call that went wrong, on how the economy would respond to two | :19:59. | :20:05. | |
historically unprecedented events. Economists have struggled with | :20:06. | :20:11. | |
forecasting recently because the economy is very weak, after a very | :20:12. | :20:15. | |
unusual event, the financial crisis, we do not have many of those to go | :20:16. | :20:20. | |
by. Most economists are still glum about Brexit but lots got the timing | :20:21. | :20:26. | |
of any trouble wrong, all the evidence suggests that the | :20:27. | :20:29. | |
withdrawing of the suggestion that we withdraw from the European Union | :20:30. | :20:33. | |
will be bad for long-term growth in the UK. But what went wrong, | :20:34. | :20:40. | |
perhaps, was suggesting that those effects would be brought forward, | :20:41. | :20:44. | |
and lead to more savings and less demand in the economy in the very | :20:45. | :20:50. | |
short run. It's worth remembering that as bad as things have been in | :20:51. | :20:55. | |
spotting crises coming, economic policy has got better at responding | :20:56. | :21:00. | |
to crises, we may not have very good forecasts yet but we have much | :21:01. | :21:06. | |
better umbrellas. You can see that most clearly in what happened after | :21:07. | :21:09. | |
the financial crisis. The lessons that had been taken from the great | :21:10. | :21:13. | |
depression were put into action with all policy leaders in many countries | :21:14. | :21:17. | |
around the world being put to the purpose of preventing another great | :21:18. | :21:21. | |
depression from taking place. That is how economics contribute, we | :21:22. | :21:26. | |
learn from our mistakes in the past, we learn from economic history, and | :21:27. | :21:31. | |
we make the best use of the evidence available. Most of the strong winds | :21:32. | :21:35. | |
will be down over Spain and across into France. Since the financial | :21:36. | :21:41. | |
crisis, economics has been a victim of the unprecedented financial and | :21:42. | :21:42. | |
political climate. STUDIO: Joining me now is Guardian | :21:43. | :21:50. | |
columnist, Simon Jenkins, and Vicky Pryce from the Centre | :21:51. | :21:52. | |
for Economics and Business Research. I'm going to leave the umbrella | :21:53. | :21:57. | |
aside for one moment and look at just the rain, is it useless, trying | :21:58. | :22:01. | |
to predict what is going to happen, if they cannot see a financial crash | :22:02. | :22:05. | |
which turns into the worst one for 80 years and then they go on to make | :22:06. | :22:09. | |
further mistakes five years later, what is the point? The first thing | :22:10. | :22:13. | |
to say is that it is not true that nobody was forecasting at the time | :22:14. | :22:17. | |
that things were likely to turn really nasty, the fact that it was | :22:18. | :22:23. | |
not put strongly through the media and people were not necessarily | :22:24. | :22:25. | |
listening is something that we should not forget. People were not | :22:26. | :22:33. | |
particularly, they were not indicating it strongly. The | :22:34. | :22:38. | |
overwhelming view was that we could probably carry on because we had | :22:39. | :22:42. | |
settled macro. People said we had settled it out, we no longer have | :22:43. | :22:48. | |
boom and bust, Gordon Brown was saying that particularly, and we are | :22:49. | :22:51. | |
really safe and many think that would happen. What people forgot, | :22:52. | :22:56. | |
just as we have been hearing, interconnectivity across various | :22:57. | :23:00. | |
countries particularly one of the national sectors and globalisation | :23:01. | :23:04. | |
has been an important part, making it quite difficult for an individual | :23:05. | :23:07. | |
country to isolate itself and forecast exact to what is going to | :23:08. | :23:10. | |
happen. INAUDIBLE I thought the whole point of | :23:11. | :23:14. | |
economics was you can predict these things, otherwise don't make | :23:15. | :23:17. | |
predictions, you assume that when you can... Is that for you what the | :23:18. | :23:21. | |
study of economics is, predictions? No, it is about studying human | :23:22. | :23:26. | |
behaviour, it went all wrong, when it went the up the backside of | :23:27. | :23:30. | |
mathematics, using models that were fallacious, they got two huge things | :23:31. | :23:35. | |
wrong, crash and now "Brexit", and I say people employed by the | :23:36. | :23:37. | |
government to get these things right, they don't pretend, they say, | :23:38. | :23:42. | |
we think this is going to happen, they say might, possibly might, but | :23:43. | :23:45. | |
the fact is, they are making predictions. They were massively on | :23:46. | :23:52. | |
one side and wrong. What is suspicious about it, they are people | :23:53. | :23:55. | |
hired by the government and the suspicion is that this is not an | :23:56. | :23:58. | |
independent profession, as we would like to think it is, it is them | :23:59. | :24:04. | |
saying what governments wants them to hear. We should say, on "Brexit" | :24:05. | :24:08. | |
so far they have proven wrong, we are in early stages... You can | :24:09. | :24:12. | |
always say that, it is like saying there will be a war one day, you | :24:13. | :24:16. | |
want to know when, the point about expertise is that they should tell | :24:17. | :24:20. | |
you when. -- the point about experts is. There should be an enquiry, if | :24:21. | :24:25. | |
this was a professional mistake in engineering or medicine there would | :24:26. | :24:29. | |
be a public enquiry. Economists... This is a Michael Fish moment... | :24:30. | :24:33. | |
This is what is going on right now, the experts have been ridiculed by | :24:34. | :24:40. | |
some members of Parliament. As you know. And yet, if you had heard what | :24:41. | :24:46. | |
Simon was saying, this was all coming from people who work for the | :24:47. | :24:50. | |
government and therefore, they are not independent, it has been the | :24:51. | :24:54. | |
overwhelming majority of economists, independent economists, working for | :24:55. | :24:58. | |
banks and think tanks, and have nothing to do with politics, who | :24:59. | :25:05. | |
were all believing that leaving the EU would be bad news for the UK, not | :25:06. | :25:09. | |
all agreeing that the shorter in fact would be bad but that the | :25:10. | :25:13. | |
medium and long-term impact would be resulting in lower growth in the UK | :25:14. | :25:17. | |
economy. They said something quite specific, there would be an | :25:18. | :25:21. | |
immediate crash. They are not pretending they didn't, they are | :25:22. | :25:24. | |
trying to say that it was a weather forecast which went wrong. These | :25:25. | :25:28. | |
things really do matter. It is not a weather forecast that went wrong, is | :25:29. | :25:32. | |
something had been that there would be the triggering of Article 50 | :25:33. | :25:35. | |
immediately, basically what people had been told to expect if there was | :25:36. | :25:41. | |
a vote. Therefore, the impact would be quite substantial, and there was | :25:42. | :25:45. | |
a huge impact on the markets. A full in the pound and a crash in shares. | :25:46. | :25:53. | |
-- fall in the pound. I remember, waking up in the morning. What about | :25:54. | :25:58. | |
this Tom this victim of unprecedented times, do you allow | :25:59. | :26:07. | |
some leeway? This -- this, this phrase victim of unprecedented | :26:08. | :26:10. | |
times. They come up with phrases and then they say, this might happen. In | :26:11. | :26:14. | |
terms of forecast you would have thought they might say, on one hand, | :26:15. | :26:17. | |
on the other hand, but there was a universe analogy of this, they were | :26:18. | :26:22. | |
saying, and I have to say, I cannot believe that it was... -- there was | :26:23. | :26:27. | |
a universe yellow tea of this. If we never asks economists, then is it | :26:28. | :26:34. | |
still a useful tool, does it still give us something? They look at what | :26:35. | :26:38. | |
has been happening in the past, history, what does it tell us, does | :26:39. | :26:42. | |
it give us an understanding of how people behave, that is the most | :26:43. | :26:47. | |
important thing, so... You could say the same thing with politics and | :26:48. | :26:50. | |
clearly it does not. You can run your models in a good | :26:51. | :26:57. | |
way when things are normal, and we have good predicting records but | :26:58. | :27:01. | |
what is much more difficult to do is if there is a shock, political | :27:02. | :27:07. | |
shock, the economy will go into all sorts of... Spasms. Of this sword, | :27:08. | :27:15. | |
yes. This is the dodgy dossier, they're ready should be an enquiry | :27:16. | :27:16. | |
into it. -- spasms, of a sort, yes. If you havent met Alexa | :27:17. | :27:24. | |
you probably will soon. Standing, quietly like a wallflower | :27:25. | :27:27. | |
in the corner of a room. Or perhaps, in the early days | :27:28. | :27:29. | |
of courtship, centre stage She's a sleek robot, | :27:30. | :27:32. | |
the brainchild of Amazon, and she responds only when you start | :27:33. | :27:35. | |
each of your questions She can turn your music up, | :27:36. | :27:38. | |
turn your heating down, and answer questions on just | :27:39. | :27:41. | |
about anything she understands. But are you quite ready | :27:42. | :27:44. | |
to welcome her into your home? David Grossman reports on the advent | :27:45. | :27:46. | |
of the automated house guest. VOICEOVER: It is only because we | :27:47. | :27:56. | |
have always done it this way that we consider typing the natural way of | :27:57. | :27:59. | |
communicating with computers but it is not, it is far more natural to | :28:00. | :28:05. | |
speak to them. Alexa, tell hive to put the heating on. All right, what | :28:06. | :28:11. | |
temperature would you like. Alexa 20 degrees. Sure, your heating is now | :28:12. | :28:19. | |
set to 20 degrees. Voice control technology is seen as the next | :28:20. | :28:22. | |
frontier in personal computer in, it might not be that we are sitting | :28:23. | :28:27. | |
around typing on keyboards as much in the future or using input devices | :28:28. | :28:32. | |
but we use our voices to control a lot of the stuff we need to get done | :28:33. | :28:36. | |
on computers. In a sense, the future has arrived, but as ever, concerns | :28:37. | :28:43. | |
about privacy and security abound. So, in my Christmas stocking I | :28:44. | :28:53. | |
received the Echo, and I was reluctant to turn it on. I have not | :28:54. | :28:57. | |
used the product yet, because I do not know what will happen to the | :28:58. | :29:02. | |
data, and it is Big Brother to think that Alexa or anyone is collecting | :29:03. | :29:09. | |
information about my household activities that can be used for | :29:10. | :29:13. | |
personalising my shopping experience, to be sure, but also | :29:14. | :29:18. | |
means that someone has knowledge of what is going on in my home. The | :29:19. | :29:24. | |
Internet of things, the big data movement, it is one which I think | :29:25. | :29:28. | |
consumers should give more thought to, do we really want to have | :29:29. | :29:32. | |
unknown third parties with access to personal information? For a start, | :29:33. | :29:36. | |
unless you disable the microphone, it is always on, always listening | :29:37. | :29:39. | |
and always recording what is being said in a room. However, Amazon say | :29:40. | :29:44. | |
that nothing leaves the premises, nothing is sent to the clout, for | :29:45. | :29:48. | |
processing, unless you use the wake word, " "Alexa"... Law is still | :29:49. | :29:57. | |
emerging in this area, police in Arkansas full-back recording from a | :29:58. | :30:01. | |
device may be able to shed light on a murder. Amazon have declined to | :30:02. | :30:09. | |
hand them over. -- cloud. United States, the courts could Sabine | :30:10. | :30:13. | |
almost any thing of a soul, people should not be comfortable with the | :30:14. | :30:16. | |
thought that Amazon can protect me from having the government access my | :30:17. | :30:21. | |
information. -- in the United States, the courts can | :30:22. | :30:32. | |
subpoena almost any thing of a sort. You need butter to make the | :30:33. | :30:42. | |
pancakes, milk, and egg. It is eight trade-off, we allow in the | :30:43. | :30:45. | |
microphones for the convenience. Are you my friend? Of course we can be | :30:46. | :30:52. | |
friends, you seem very nice. But, however amiable R friend sounds, | :30:53. | :30:59. | |
it is not clear who is side she is on. -- amiable our new friend | :31:00. | :31:07. | |
sounds. They want to control everything that we listen to and | :31:08. | :31:12. | |
what we buy, and that is extremely valuable information. Alexa, are you | :31:13. | :31:17. | |
the beginning of the end of Western Seville is Asian? No, you're... -- | :31:18. | :31:28. | |
are you the beginning of the end of Western Seville is Asian. -- | :31:29. | :31:36. | |
civilisation. | :31:37. | :31:40. |