The chairmen of the Joint Chiefs of Staff of South Korea and the U.S. also had a phone
conversation Saturday evening, Korea time,... reaffirming the allies' close cooperation.
South Korea's defense ministry announced that Chairman General Jeong Kyeong-doo spoke on
the phone with his U.S. counterpart General Joseph Dunford... about recent developments,
the results of the inter-Korean summit,.. and ways for the two allies to work together.
Jeong also thanked the U.S. for supporting recent military operations to free three South
Korean nationals kidnapped by Nigerian pirates.
According to the South Korean defense ministry, Jeong also pledged that the South Korean Joint
Chiefs will closely cooperate and support their U.S. partners for a successful U.S.-North
Korea summit meeting.
For more infomation >> Chairmen of S. Korea, U.S. Joint Chiefs of Staffs discuss inter-Korean summit - Duration: 0:47.-------------------------------------------
S. Korea, U.S. foreign ministers engage via phone after inter-Korean summit - Duration: 0:55.
South Korea's Foreign Minister Kang Kyung-wha and U.S. Secretary of State Mike Pompeo had
their first phone conversation Saturday afternoon on the outcome of the inter-Korean summit.
South Korea's foreign ministry said Sunday that Kang explained to Pompeo the achievements
of the summit meeting... and the candid exchanges between the leaders of the two Koreas,...
including North Korea's pledge to work toward complete denuclearization.
Kang also congratulated Pompeo on his recent appointment and said she was delighted to
be able to work with him... at a time where all eyes are on the Korean Peninsula.
In response, Pompeo, who was visiting Brussels at the time, expressed gratitude and said
despite being on his first visit overseas as Secretary of State he called Kang considering
the importance of the situation in the Korean Peninsula.
He also vowed to work closely with her to resolve the North Korean nuclear issue.
-------------------------------------------
S. Korea, U.S. foreign ministers engage via phone after inter-Korean summit - Duration: 0:53.
South Korea's Foreign Minister Kang Kyung-wha and U.S. Secretary of State Mike Pompeo had
their first phone conversation Saturday afternoon on the outcome of the inter-Korean summit.
South Korea's foreign ministry said Sunday that Kang explained to Pompeo the achievements
of the summit meeting... and the candid exchanges between the leaders of the two Koreas,...
including North Korea's pledge to work toward complete denuclearization.
Kang also congratulated Pompeo on his recent appointment and said she was delighted to
be able to work with him... at a time where all eyes are on the Korean Peninsula.
In response, Pompeo, who was visiting Brussels at the time, expressed gratitude and said
despite being on his first visit overseas as Secretary of State he called Kang considering
the importance of the situation in the Korean Peninsula.
He also vowed to work closely with her to resolve the North Korea nuclear issue.
-------------------------------------------
Chairmen of S. Korea, U.S. Joint Chiefs of Staffs discuss inter-Korean summit - Duration: 0:47.
The chairmen of the Joint Chiefs of Staff of South Korea and the U.S. also had a phone
conversation Saturday evening, Korea time,... reaffirming the allies' close cooperation.
South Korea's defense ministry announced that Chairman General Jeong Kyeong-doo spoke on
the phone with his U.S. counterpart General Joseph Dunford... about recent developments,
the results of the inter-Korean summit,.. and ways for the two allies to work together.
Jeong also thanked the U.S. for supporting recent military operations to free three South
Korean nationals kidnapped by Nigerian pirates.
According to the South Korean defense ministry, Jeong also pledged that the South Korean Joint
Chiefs will closely cooperate and support their U.S. partners for a successful U.S.-North
Korea summit meeting.
-------------------------------------------
REPORT: U.S. Posts A Positive Number It Hasn't Seen In Almost 50 Years, Trump Scores Huge - Duration: 7:46.
REPORT: U.S. Posts A Positive Number It Hasn't Seen In Almost 50 Years, Trump Scores Huge
And the winning continues!
Although the left and their cronies have spent the last year and a half attacking and throwing
temper tantrums as they have tried to overthrow a sitting president, there is no way for them
to hide the stone cold facts of what the Trump presidency has meant to our nation and its
people. President Trump in a year and a half into his presidency was able to do what no
other president has been able to do since 1969 when the Republican Richard Nixon was
president.
In new numbers released on Friday, we can now confirm what isn't hard to notice if
you take the time away from "resisting" in order to see what's actually right in
front of you. President Trump has given us the best economic numbers most of us have
seen in our entire lifetime. The jobless rate is now officially the lowest since 1969.
In fact, In a separate report released on Thursday, the Labor Department has now said
initial claims for state unemployment benefits have dropped 24,000 to a seasonally adjusted
209,000 for the week ended April 21. That's the lowest number seen since December 1969.More
on these numbers via Yahoo Finance:
The number of Americans filing for unemployment benefits fell to the lowest level in more
than 48 years last week and the goods trade deficit narrowed sharply in March amid strong
export growth.
"The U.S. economy is still moving higher," said Chris Rupkey, chief economist at MUFG
in New York. "The pullback in goods orders from companies is not a red flag for the economic
outlook yet even if the caution light should be left on."
The Commerce Department said orders for non-defense capital goods excluding aircraft, a closely
watched proxy for business spending plans, slipped 0.1 percent last month. Data for February
was revised to show these so-called core capital goods increasing 0.9 percent instead of the
previously reported 1.4 percent jump.
Economists polled by Reuters had forecast core capital goods orders rising 0.5 percent
last month. Core capital goods orders increased 6.5 percent on a year-on-year basis.
Last month, orders for machinery fell 1.7 percent, the biggest decline since April 2016,
after a gain of 0.3 percent in February. There were, however, increases in orders of primary
metals, computers and electronic products, fabricated metals and electrical equipment,
appliances and components.
Overall orders for durable goods, items ranging from toasters to aircraft that are meant to
last three years or more, increased 2.6 percent in March as demand for transportation equipment
rose 7.6 percent. That followed a 3.5 percent surge in durable goods orders in February.
Shipments of core capital goods declined 0.7 percent last month after a downwardly revised
1.0 percent increase in February. Core capital goods shipments are used to calculate equipment
spending in the government's gross domestic product measurement.
They were previously reported to have vaulted 1.4 percent in February. Business spending
on equipment likely cooled in the first quarter after double-digit growth in the second half
of 2017. The moderation in equipment investment is expected to have combined with a sharp
slowdown in consumer spending to restrain economic growth in the first quarter.
U.S. Treasury yields held at lower levels after the data. The dollar rose against a
basket of currencies. Stocks on Wall Street were trading higher as strong earnings from
Facebook and a handful of chipmakers powered technology shares.
According to a Reuters survey of economists, GDP growth likely slowed to a 2.0 percent
annualized rate in the first three months of the year. The economy grew at a 2.9 percent
pace in the fourth quarter. The government will publish its advance estimate of first-quarter
GDP on Friday.
FISCAL STIMULUS
The anticipated slowdown in economic growth is likely to be temporary against the backdrop
of a robust labor market that is expected to underpin consumer spending. The economy
is also expected to get a boost from the Trump administration's $1.5 trillion income tax
cut package as well as increased government spending, which should also support business
investment.
"We still expect investment growth to pick up over the rest of the year, as tax cuts
boost domestic demand and capacity constrains bite," said Michael Pearce, a senior U.S.
economist at Capital Economics in New York.
In a separate report on Thursday, the Labor Department said initial claims for state unemployment
benefits dropped 24,000 to a seasonally adjusted 209,000 for the week ended April 21, the lowest
level since December 1969. Economists polled by Reuters had forecast claims falling to
230,000 in the latest week.
The labor market is considered to be near or at full employment. The unemployment rate
is at a 17-year low of 4.1 percent, not far from the Federal Reserve's forecast of 3.8
percent by the end of this year.
"The tight labor market keeps getting tighter," said John Ryding, chief economist at RDQ Economics
in New York. "Companies are extremely reluctant to release labor, presumably because of the
difficulty in replacing workers."
A third report from the Commerce Department showed the goods trade deficit fell 10.3 percent
to $68.0 billion in March. Exports rose $3.4 billion to $140.1 billion last month, reflecting
a strengthening global economy and weak U.S. dollar. Imports fell $4.4 billion to $208.1
billion in March.
The department also reported that wholesale inventories rose 0.5 percent last month. Retail
inventories, however, fell 0.4 percent. The goods trade deficit and inventory data had
a marginal impact on first-quarter GDP estimates."
Let us not forget how former President Barack Hussein Obama once told us that the jobs lost
were never going to make their way back from oblivion.
I guess it was never the jobs that were never going to come back but instead the conditions
presidents such as Obama put on our economy that made it so jobs were non-existent. When
all you do is tax and regulate businesses to oblivion that's what happens, they stop
creating jobs, pack up and move to a more business-friendly environment. Not unlike
what's now happening to the state of California where the only businesses and people who care
to live there are somehow connected to either silicon valley or Hollywood.
Who would have thought it would take a brash outsider to bring America back, especially
after both sides of the political aisle told us we had to learn to live with the fact that
the United States isn't what it once was. Must be easy to come to terms with that when
you get elected to a position which pays $150k a year and 10 years later you end up being
worth over 10 million dollars.
-------------------------------------------
Pres. Moon shares outcome of inter-Korean summit with leaders of U.S., Japan - Duration: 2:32.
South Korean President Moon Jae-in has been quick to share the outcome of inter-Korean
summit.
He talked with U.S. President Donald Trump last night and Japanese Prime Minister Shinzo
Abe this morning.
Our Oh Jung-hee is on the line for us with more.
Jung-hee, fill us in.
Good afternoon, Jiyeon.
South Korea's presidential office confirmed this morning that President Moon Jae-in spoke
with U.S. President Donald Trump last night... for 1 hour and 15 minutes.
President Trump first congratulated President Moon on the successful inter-Korean summit...
and said it represents significant progress in Seoul-Pyongyang relations.
President Moon replied that the inter-Korean summit lays the groundwork for success in
President Trump's own summit with the North Korean leader.
President Trump evaluated it's a very nice news to not only the two Koreas but also the
whole world that they reaffirmed the goal of achieving nuclear-free Korean Peninsula
through complete denuclearization.
The leaders of Seoul and Washington reaffirmed that their governments will continue to coordinate
closely to achieve the complete denuclearization of the Korean Peninsula.
Now, on that front, the two agreed that it will be helpful to hold a Washington-Pyongyang
summit as soon as possible to keep up the momentum of the inter-Korean summit.
They have narrowed the possible locations of the meeting down to two or three.
President Trump said he's very much looking forward to meeting with the North Korean leader.
We're hearing that President Moon Jae-in also talked with Japanese Prime Minister Shinzo
Abe.
Tell us about that, too.
You're right, South Korean President Moon Jae-in and Japanese Prime Minister Shinzo
Abe talked on the phone for 45 minutes today.
Prime Minister Abe praised the Panmunjom Declaration... and agreed with President Moon that the specifics
of the denuclearization process could be designed at U.S.-North Korea summit.
The Japanese leader said Tokyo is willing to talk with Pyongyang to normalize relations
with the North and settle the affairs of the past,... and President Moon told Abe that
North Korean leader Kim Jong-un feels the same.
Prime Minister Abe said he will work for an opportunity to talk with North Korea and will
ask for South Korea's help if necessary, and Moon replied he'd be happy to provide that.
Prime Minister Abe also said he appreciated Seoul sending national intelligence agency
chief Suh Hoon over to Japan to explain the outcome of inter-Korean summits.
Suh met with Abe at his office in Tokyo on Sunday morning.
Back to you, Jiyeon.
-------------------------------------------
S. Korea, U.S. foreign ministers engage via phone after inter-Korean summit - Duration: 0:54.
South Korea's Foreign Minister Kang Kyung-wha and U.S. Secretary of State Mike Pompeo had
their first phone conversation Saturday afternoon on the outcome of the inter-Korean summit.
South Korea's foreign ministry said Sunday that Kang explained to Pompeo the achievements
of the summit meeting... and the candid exchanges between the leaders of the two Koreas,...
including North Korea's pledge to work toward complete denuclearization.
Kang also congratulated Pompeo on his recent appointment and said she was delighted to
be able to work with him... at a time when all eyes are on the Korean Peninsula.
In response, Pompeo, who was visiting Brussels at the time, expressed gratitude and said
despite being on his first visit overseas as Secretary of State he called Kang considering
the importance of the situation in the Korean Peninsula.
He also vowed to work closely with her to resolve the North Korea nuclear issue.
-------------------------------------------
S. Korea, U.S. defense ministers to work for N. Korea peaceful denuclearization - Duration: 0:41.
The defense ministers of South Korea and the United States have reaffirmed their commitment
to finding a diplomatic solution that can ensure the complete denuclearization of North
Korea.
According to the Pentagon, during a phone call on Saturday, South Korea's defense minister,
Song Young-moo , and U.S. Defense Secretary James Mattis agreed to continue working together
to achieve their common goal of a complete, verifiable, and irreversible denuclearization
of North Korea, as reflected in multiple United Nations Security Council Resolutions.
During the conversation, Mattis also reaffirmed Washington's ironclad commitment to defending
its ally using the full spectrum of its capabilities.
-------------------------------------------
S. Korea, U.S. defense ministers to work for N. Korea's peaceful denuclearization - Duration: 0:44.
The defense ministers of South Korea and the United States have reaffirmed their commitment
to finding a diplomatic solution that can ensure the complete denuclearization of North
Korea.
According to the Pentagon, during a phone call on Saturday, South Korea's defense minister,
Song Young-moo , and U.S. Defense Secretary James Mattis agreed to continue working together
to achieve their common goal of a complete, verifiable, and irreversible denuclearization
of North Korea, as reflected in multiple United Nations Security Council Resolutions.
During the conversation, Mattis also reaffirmed Washington's ironclad commitment to defending
its ally using the full spectrum of its capabilities.
-------------------------------------------
China's Embrace Of An Intellectual Property System Imposed On It By The United States - Duration: 28:58.
LYNN FRIES: For The Real News I'm Lynn Fries in Geneva.
2017 was a record year for international patent filings at the World Intellectual Property
Organization.
Country rankings as source or origin of those patent applications is a closely watched statistic.
With the question being, who filed the most applications?
Results showed China moved into second position as a source of international patent applications
filed via WIPO in 2017, closing in on long- time leader, the United States.
Among the top 15 performing countries, only China posted double digit growth in 2017.
And since 2003, China's growth rates of international patent applications have exceeded
10% every year.
So what do these statistics on China tell us?
The World Intellectual Property Organization runs 3 international filing system used by
all the major corporations of the world, most notably multinational corporations racing
to expand vast IP portfolios.
WIPOs press conference on 2017 results made clear that it's the system for patents that
gets the most attention.
That's because it's technology and a very good indicator of the relative strengths in
the fields of technology of the various countries of the world, so explained WIPOs Director
General, Francis Gurry.
Here's a clip from that press conference.
FRANCIS GURRY : "I mean the articulated expressed strategy of the Chinese leadership
is to go from Made in China to Created in China.
So if you like in very simplistic terms to go from being the factory of the world to
the laboratory of the world
What we have seen is I think an extremely strategic approach adopted by China which
is coming from the top of the leadership of China, an emphasis on innovation by President
Xi Jinping and by Prime Minister Li Keqiang and the rest of the state leadership.
And a number of careful policies put in place in order to develop the technological capacity
of China covering fields such as artificial intelligence, advanced manufacturing and so
on.
So this I think is the reality of what we've seen in the course of the last 20 years.
And the reality is that a new competitor has arrived and it's a very strong competitor
as the figures would show."
LYNN FRIES: Joining us to discuss this and related issues is Peter Drahos.
We last spoke with Professor Drahos from his office at the Australian National University.
Today, Peter Drahos joins us from Italy where he is a Professor of Law & Governance at the
European University Institution.
Welcome, Peter
PETER DRAHOS: Hello, Lynn
LYNN FRIES: You're an eminent figure in the world of intellectual property.
So I wanted to get your take on these IP stats.
What do you think?
Do you think they are a good indicator that China has arrived as a major technological
competitor?
PETER DRAHOS: Look I think that's the right reading of the statistics.
Of course, patent statistics are only one measure of innovation but they do show that
China is placing a huge emphasis on developing in certain areas – in the electricity area,
in the digital communications area, in the computer area along with chemicals.
And at the same time they are trying to get the commercial benefits of this drive to develop
as a scientific power.
And it's been a story of remarkable progress.
If we think back to the fact that China really only began to shift towards a market economy
in the early 1980s.
LYNN FRIES: So in your view China has learned to play the IP game?
PETER DRAHOS: Yes that's exactly correct.
It's become very adept.
It's a fast learner.
We see this in monumental patent filings.
I mean applications now of well over a million.
We see astonishing trade mark numbers.
LYNN FRIES: The U.S. has accused China of intellectual property theft.
Comment on that in the broader context of this shift by China to a market economy.
PETER DRAHOS: The problem for China is that it has been a factory for the world but this
has come at a great environmental cost.
So it wants a different kind of economy.
An economy in which it captures more value from the things that it makes but it would
also like to make things that are less polluting, so called knowledge economy things – more
software, more high technology products.
So the desire in all countries to capture more wealth at lower environmental costs is
a goal that they all share.
Now U.S. accusations against China when it comes to intellectual property infringement,
of course, have some basis in fact.
Any country that seeks to improve its innovation system will look at innovation leaders.
And the United States is undoubtedly an innovation leader.
And so China looks at what U.S. science does, what U.S. companies do and it seeks to learn
from that.
But at the same time, China has also made great strides in improving its own intellectual
property system.
I think we should give China a lot of credit for first of all enacting intellectual property
standards that in many ways were pushed upon it before it would have liked to have adopted
those standards.
I mean China as a poor country was not really ready to embrace intellectual property at
the point that the U.S. was insisting that it do so.
But China basically complied with U.S. demands.
It enacted standards that are compliant with the World Trade Organization Agreement, the
TRIPS related agreement on intellectual property rights.
And so as I said I think some credit should be given to China for having enacted those
standards and trying to get better compliance.
And of course if you want to build an economy on the basis of innovation, then to some extent
you have to an intellectual property system that people use and play by its rules.
Otherwise you won't capture those value chains that bring you wealth.
LYNN FRIES: What are your thoughts on the U.S. tariffs imposed against China by the
Trump Administration.
And China's retaliatory tariffs and claim filed against the United States at the WTO?
PETER DRAHOS: Yes, look, I think most observers would say that this is a lose-lose game really.
I mean the United States if we think about this historically had the most leverage over
China when China was first of all seeking access to the U.S. market as an exporter and
so it wanted the United States to grant it Most Favored Nation status.
Obviously that gave the United States a great deal of bargaining power.
And secondly, the United States had a lot of leverage over China because China wanted
to become a member of the GATT, the General Agreement on Trade and Tariffs or what then
became or evolved into the World Trade Organization.
So those two things, Most Favored Nation and membership of the World Trade Organization,
gave the United States a great deal of bargaining power.
But actually even in the early 1990s when the United States really began to threaten
China with trade retaliation the Chinese responded with some counter-retaliation.
I mean they began to list certain goods that U.S. companies were exporting into China.
And ultimately in the early 1990s, what we saw was that the United States and China reached
an accommodation.
They came up with some Memorandum of Understanding.
Everyone more or less said they had got a good deal.
And that was that.
Now I would be very surprised if something similar here didn't happen given the fact
that China now is the world's second biggest economy.
At some point, it's going to chug past the United States and become the world's biggest
economy.
And the idea that China will roll over or cow-tow on something so public, on something
that is so central to its own image of itself, I think is very, very implausible.
So one would expect here ultimately, while there may be some more escalation and some
more thunder and so on, I think in the end we'll see what we saw in the 1990s which
is some Memorandum of Understanding.
Some sort of agreement in which both sides will say that they got a good deal and the
trade economy will go on
LYNN FRIES: Which implies that although trade threats may have been effective for the U.S.
in the past, those days are gone.
PETER DRAHOS: Look I think that is certainly right.
The United States cannot push China in the way that was able to in the 1980s, in particular,
and in the 1990s.
Its relative power over China has declined.
And if you have a look at the import-export relationships between China and the United
States as well as the broader global agendas everyone's talking about - climate change
or world security.
Their interests are so intertwined that an all-out trade war that would ruin relationships
with them seems a terrible option.
And I think maybe interest groups in the United States would not support such a blitzkrieg
approach to handling China.
I think many interest groups in the United States particularly if this was to escalate
would ultimately lobby the United States trade representative, would lobby the President,
and would really ask for common sense to prevail because there are just too many interests
that would be adversely affected by a deep and scouring trade war.
LYNN FRIES: What if rather than a lose-lose trade war, common sense were to prevail.
What would it look like?
PETER DRAHOS: Well I think probably China would agree to do a bit more on compliance
with intellectual property standards.
The United States would offer some more capacity building.
Already there are lots of initiatives between the United States and China when it comes
to capacity building in intellectual property.
Many U.S. experts travel to China and offer their views and their assistance.
There is close cooperation between the Chinese patent office and the United States patent
office.
So I think at a technical level, a technocratic level, we see lots of cooperation.
And eventually once the dust settles and people stop threatening billions of dollars of tariffs
what we would probably see is some sort of agreement to do more in the intellectual property
area.
China might offer more market access, a little bit more transparency.
It's that sort of thing that I think we would see if common sense were to prevail.
LYNN FRIES: What I hear from what you're saying is the world's two biggest economies
need to cooperate rather than wasting time and resources in a lose-lose trade war.
PETER DRAHOS: Well absolutely.
I think the trade war will get us nowhere.
I mean I think all that will happen will be that we'll see markets frightened.
We'll see a lot of interest groups lose on both sides.
I mean the U.S. farmers will obviously be affected and ultimately U.S. high technology
companies that assemble goods in China will also end up losing.
Obviously Chinese companies that are seeking to export into the U.S. market will lose.
So there will be a bunch of losers, a very long list of losers.
So no one is going to win from this.
I think the more important issues though are the issues that we are alerted to by scientists.
I mean we are in a serious ecological and climate situation.
We've had warnings now for decades of degenerating ecosystems.
All around the world we are seeing climate related problems, declining outputs, agricultural
outputs in some countries.
For example, in South Asia the problems with the monsoon, problems with heat and so on.
And so what we really need are the two biggest scientific powers and I would say that by
now China is probably the world's second largest scientific power; we really need cooperation
on what are major global problems and will become major global catastrophes.
So the last thing we want is a trade war and more imperatively we want countries cooperating
on science.
We want countries sharing knowledge about how to address problems whether they're
health problems – pandemics, epidemics – or whether they're climate problems whether
they're ecological catastrophes the consequences of drought.
There's a long list of things that we need to talk about as a global collective.
And that's what China and the United States really need to be talking about
LYNN FRIES: And under the current IP regime is that plausible?
PETER DRAHOS Well that's a good question.
My own view is that China's embrace of intellectual property rights is to some extent a mistake.
Because it creates almost an arms mentality, a kind of arms race in which the game mainly
is getting scientists to apply for as many patent applications as you possibly can.
And if you think about it for a moment the intellectual property based innovation system
that we have is really a failure.
I mean think about the price of medical drugs, for example, the price of pharmaceuticals.
We now have pharmaceuticals in the United States –cancer treatments- that are approaching
half a million dollars.
I mean that's unsustainable for American citizens and its certainly unsustainable for
poor people and it's unsustainable for Chinese citizens.
Likewise think of the price of text books or think of the fact that so much knowledge
is hidden behind copyright paywalls.
And the way in which publishing cartels block citizens from getting access to knowledge
that their tax dollars have paid for.
So it's an absurd system.
It's an irrational system.
So the idea that China is embracing this system, a system that in a sense the United States
imposed on them, I think is a grave error.
And we're all going to suffer for it.
What I mean is that global citizens everywhere are going to pay the consequences of this.
You know we need knowledge that's produced with public tax dollars to be freely available.
You know you and I should be able to get the knowledge that we want buy visiting the website
and downloading what we want.
We shouldn't have to pay $30 or $40 for a scientific article if we are interested
in that scientific article.
That's simply absurd.
We shouldn't have to worry about cancer treatments that are going to cost us hundreds
of thousands of dollars that may send us into bankruptcy.
And that's the kind of thing that the patent system has delivered for us.
So I think both countries need to rethink this agenda.
And certainly if China cares about equality, if it cares about inequality about doing something
about inequality, it should be addressing these issues.
And it should be showing more leadership on these issues.
LYNN FRIES: What about the careful planning and extremely strategic approach on the part
of Chinese leadership in achieving their goals in the top fields of technology.
We heard at the WIPO press conference, in the words of Francis Gurry, the plan is for
China to go from being factory of the world to laboratory of the world.
China is already gene-editing humans.
And with an online population greater than the entire population of the United States,
it's making rapid advances in artificial intelligence.
We see a former top deputy helping lead artificial intelligence strategy at Microsoft is now
in Beijing, at Baidu, a premier AI company in China.
The conventional wisdom being to train the algorithms that will deliver intelligence,
you need data.
And the company with the most data wins.
Give us some perspective on all this.
PETER DRAHOS: The United States should be thinking about the longer term picture here.
It is undoubtedly true that a country that has access to hundreds of millions of citizens
can in effect conduct the largest scale experiments in scientific history.
So if we think of the Chinese population all those that are on the internet as an experimental
population.
So let's say that that's roughly a billion people, then essentially that source of big
data will allow Chinese scientists to develop learning algorithms at a rate and at a scale
that is historically unprecedented.
Now the problem is this.
When you run scientific experiments at a university you need clearance from the university ethics
committee.
I mean that's fundamental.
That's a fundamental prerequisite – informed consent.
But actually what we see happening in the world is that many experiments are taking
place on citizens without their informed consent.
And actually what we are also seeing is really manipulation of citizens' preferences.
Using big data and using highly forensically targeted algorithms.
Now as I say China has a comparative advantage in the sense that it has a very large population
upon which to experiment.
Now my own view is that this is ethically highly questionable.
And there are many issues about whether we as citizens want to be experimented upon.
Now of course whether the Chinese government will be consulting its citizens, whether the
Chinese government will be protecting the interest of Chinese citizens when it comes
to this kind of experimentation is an open question.
But I again think we need some leadership on these issues.
I think we need a discussion of what sort of collective approach we would like.
And I think citizens everywhere would like some more discussion of this.
I don't think it's in the long term interests of the United States to enter a sort of arms
race in this area.
Because I think that's going to produce a frightening kind of dystopian world.
We have a lot of choices about the future that we can create.
And unfortunately, I think intellectual property, the privatization of science, an arms raced
mentality when it comes to the use of science, is going to produce the sort of sci-fi future
that none of us really want, a kind of dark, dystopian one.
We could have a very different one of course.
LYNN FRIES: The Obama Administration in promoting the Transpacific Partnership argued that it
was of strategic important for the U.S. to join the TPP to contain China.
Now that the Trump Administration may well do a U-turn in that direction, what's your
assessment of the merits of that argument?
PETER DRAHOS: China has many options here.
It doesn't really have to worry about the TPP all that much.
I mean it's launched its own Belt and Road Initiative.
An initiative that's looking at integrating the economies of fifty or sixty countries
looking at the ways city economies in China can be integrated with the city economies
of central Asia and ultimately Europe.
I mean this is a big and bold vision, one that doesn't rely on trade agreements.
So that I do think that engendering some sort of competitive arms race mentality is a mistake.
I think one should be reaching out to China seeking to cooperate on issues like the future
of Big Data and AI [Artificial Intelligence] and thinking about the kinds of ethical guidelines
that we need in this area, the kind of protocols that we need in this area that would safeguard
citizens' interests.
I mean , it's very important that scientists in China, that scientists in the United States
and scientists in Europe as well as citizens groups and on all become part of this large
conversation about where we want to take technologies.
Turning this into just trade talk and just competition is a mistake.
And I also think that if the United States thinks that it is somehow going to discipline
China with this kind of talk and these kinds of tactics, it's really a mistaken view
of the world.
LYNN FRIES: To wrap up in a closing comment, talk about the concentration of ownership
of intellectual property rights in the hands of so few multinational corporations, whether
they're U.S. or Chinese corporations.
And what that means for inequality not only between countries but within countries.
PETER DRAHOS: Well this is a complex economic question of course – the relationship between
intellectual property and inequality and it's really an area that's been under-explored.
But in a nutshell, let me say this.
Intellectual property is a winner takes all system.
So if you have the patents over the latest artificial intelligence technology or you
own key trademarks you basically are in a position to license or to control the development
of a particular technology and capture all the wealth from that technology.
So what that essentially means is that the winner takes all and you a long tail people
who are excluded.
If you want competition, if you want competitive markets, you would reduce the role of intellectual
property because essentially what that means is then lots of players come in and you get
marginal cost pricing.
So my own view is that intellectual property fundamentally contributes to inequality.
And that's both within countries because the large corporations amass huge amounts
of wealth over which I might add they pay virtually no taxes as has become clear in
the United States and Europe and Australia and many other countries.
They amass large patent portfolios that bring them large amounts of wealth, this wealth
being held in tax havens.
And which do very little for equality, right.
Essentially they are in a position to buy out their competitors making competition in
the market place very difficult.
So, what we are going to see ultimately I think are rising genie coefficients, rising
inequality.
So I think we need to have a conversation about the relationship between intellectual
property and inequality.
LYNN FRIES: And the way you see it this is related to issues of representation, democracy?
PETER DRAHOS: Well of course, I mean if you create large concentrations of wealth it's
standard interest group theory, you create extraordinarily powerful lobbies.
So in authoritarian states, these large lobbies become a part of the elite.
In democracies, you in a way create interest groups that make the workings of democracy
very difficult because they it's these interest groups that can essentially afford campaign
contributions that control the media in various ways or influence the media.
So, high levels of inequality are a fundamental problem for democracies.
There is very little doubt or disagreement about that.
LYNN FRIES: We have to leave it there.
Peter Drahos, thank you.
PETER DRAHOS: Thank you, very much.
LYNN FRIES: And thank you for joining us on The Real News Network.
END
Featured related reports on the issue of…
How Intellectual Property Got Linked to Trade with Peter Drahos
Intellectual Property and Access to Medicines with Celso Amorim
-------------------------------------------
S. Korea, U.S. defense ministers to work for N. Korea's peaceful denuclearization - Duration: 0:43.
The defense ministers of South Korea and the United States have reaffirmed their commitment
to finding a diplomatic solution that can ensure the complete denuclearization of North
Korea.
According to the Pentagon, during a phone call on Saturday, South Korea's defense minister,
Song Young-moo , and U.S. Defense Secretary James Mattis agreed to continue working together
to achieve their common goal of a complete, verifiable, and irreversible denuclearization
of North Korea, as reflected in multiple United Nations Security Council Resolutions.
During the conversation, Mattis also reaffirmed Washington's ironclad commitment to defending
its ally using the full spectrum of its capabilities.
-------------------------------------------
REPORT: U.S. Posts A Positive Number It Hasn't Seen In Almost 50 Years, Trump Scores Huge - Duration: 7:58.
For more infomation >> REPORT: U.S. Posts A Positive Number It Hasn't Seen In Almost 50 Years, Trump Scores Huge - Duration: 7:58. -------------------------------------------
Chairmen of S. Korea, U.S. Joint Chiefs of Staffs discuss inter-Korean summit - Duration: 0:50.
The chairmen of the Joint Chiefs of Staff of South Korea and the U.S. also had a phone
conversation Saturday evening, Korea time,... reaffirming the allies' close cooperation.
South Korea's defense ministry announced that Chairman General Jeong Kyeong-doo spoke on
the phone with his U.S. counterpart General Joseph Dunford... about recent developments,
the results of the inter-Korean summit,.. and ways for the two allies to work together.
Jeong also thanked the U.S. for supporting recent military operations to free three South
Korean nationals kidnapped by Nigerian pirates.
According to the South Korean defense ministry, Jeong also pledged that the South Korean Joint
Chiefs will closely cooperate and support their U.S. partners for a successful U.S.-North
Korea summit meeting.
-------------------------------------------
Patrol: 2K Gather At State Capitol For 'Second Amendment Rally' - Duration: 1:09.
For more infomation >> Patrol: 2K Gather At State Capitol For 'Second Amendment Rally' - Duration: 1:09. -------------------------------------------
Breaking News Today⚠️World War 3 US forces could REMAIN in Syria as Donald Trump fails_latest news - Duration: 3:32.
king news todaywelcome to USA breaking news today please subscribe and click notification
box to get all breaking news alert breaking news today US forces could
remain in Syria as Donald Trump fought il us to win backing for Arab army
Donald Trump is struggling to gain backing from Arab countries to form an
Arab military force to replace US troops in Syria fighting is is dear ailing his
plans to reduce American military presence in the region allies including
Saudi Arabia are skeptical about sending troops to Syria and contributing funds
in order to stabilize towns and cities liberated from is is without us support
according to senior US officials this is particularly the case for countries such
as Saudi Arabia which is already engaged militarily in Yemen a senior US official
involved in discussions said there is no serious appetite in the region to do
that much on the ground one thing is certain no other military particularly
from the region will enter Syria if we are not there in some capacity dot
president Trump has previously said we have asked our partners to take greater
responsibility for securing their home region including contributing larger
amounts of money a US administration official confirmed this statement saying
Saudi Arabia Qatar and the UAE have all been approached with respect to
financial support and more broadly to contribute Saudi Arabia's foreign
minister Adel Joe Bayer also confirmed that his government has been in
discussion with Washington since the beginning of the Syrian crisis about
sending forces into Syria there are currently around two thousand US troops
in eastern Syria who are working alongside local fighters to defeat
localized pockets of is is militants in towns and rural strongholds along the
Euphrates River dot President Trump has signaled that he desires US troops to be
removed very soon despite fears of Iran's growing influence in the region
there are concerns that the u.s. may become trapped in Syria's multi-sided
Civil War and landed with the job of controlling is is in the long-term
but this runs the risk of creating rifts in the Trump administration as top US
officials are warning the White House that a hasty withdrawal from Syria could
repeat the mistakes made by President Obama when he withdrew forces from Iraq
in December 2011 Marine General Joseph Dunford chairman of the Joint Chiefs of
Staff said we learned that the Iraqi forces were incapable of providing
security inside the country and that gave the enemy an opportunity to
research that's where really is is had the space to grow
offense secretary James and mattis reaffirmed this statement stating that
the US would probably regret not leaving troops in Syria in order to train local
security forces to prevent the resurgence of is is he also said we have
to create local forces that can keep the pressure on any attempt by is is to try
to regenerate the Pentagon is reportedly developing plans to continue airstrikes
and special operations against is is in Syria while allowing us ground troops to
withdraw US officials said this would reassure Arab allies that the US would
not leave them unprotected in the region and would contribute to the
stabilization of the country despite the withdrawal of ground troops thanks for
watch please share like comment this video and subscribe channel for latest
news
-------------------------------------------
Pres. Moon shares outcomes of inter-Korean summit with leaders of U.S., Japan, Russia - Duration: 3:01.
South Korean President Moon Jae-in has been sharing the outcomes of his summit with Kim
Jong-un over the weekend.
He spoke with leaders of the United States, Japan, and Russia, expressed appreciation
for their support... and promised to coordinate closely with all of them.
Oh Jung-hee has the details.
It was phone call after phone call over the weekend for South Korean President Moon Jae-in,...
sharing the outcome of the inter-Korean summit with the U.S. and nearby countries.
The relay phone conversations began on Saturday night when President Moon talked with U.S.
President Donald Trump for over an hour.
President Trump said Seoul and Pyongyang have made a significant progress in their relations...
and President Moon replied... it was all possible thanks to President Trump's strong support.
He added the inter-Korean summit lays the groundwork for success in President Trump's
own summit with the North Korean leader.
"President Trump said it's very good news for not only the two Koreas but for the whole
world that they reaffirmed the goal of achieving a nuclear-free Korean Peninsula through complete
denuclearization.
The leaders reaffirmed that their governments will continue to coordinate closely to achieve
the complete denuclearization of the Korean Peninsula."
President Trump said he's on the same page with Seoul and Pyongyang... on their agreement
to formally end the Korean War... and expressed anticipation for his meeting with the North
Korean leader.
On Sunday morning, President Moon had a phone conversation with Japanese Prime Minister
Shinzo Abe.
"Prime Minister Abe praised the fact that the leaders of South and North Korea reaffirmed
the goal of complete denuclearization on the Korean Peninsula through the Panmunjom Declaration.
He said that North Korea's moves are especially forward-looking and hopes the declaration
leads to specific actions."
The Japanese leader said Tokyo is willing to talk with Pyongyang to normalize relations
and settle the affairs of the past,... and President Moon told Abe that North Korean
leader Kim Jong-un feels the same.
Prime Minister Abe said he will work for an opportunity to talk with North Korea... and
will ask for South Korea's help if necessary.
Finally, the South Korean leader spoke with his Russian counterpart late Sunday afternoon...
and thanked him for his strong support.
Russian President Vladimir Putin said the results of the inter-Korean summit will form
a solid foundation for building an unwavering peace on the Korean Peninsula... and hailed
President Moon's accomplishment of something he said was very difficult to achieve under
complex circumstances.
President Putin said the inter-Korean summit should lead to a trilateral economic project
among Seoul, Pyongyang, and Moscow,... and President Moon agreed with him.
The Russian leader also invited President Moon to make a state visit to Russia in June.
Oh Jung-hee, Arirang News.
-------------------------------------------
S. Korea, U.S. defense ministers to work for N. Korea's peaceful denuclearization - Duration: 0:42.
The defense ministers of South Korea and the United States have reaffirmed their commitment
to finding a diplomatic solution that can ensure the complete denuclearization of North
Korea.
According to the Pentagon, during a phone call on Saturday, South Korea's defense minister,
Song Young-moo , and U.S. Defense Secretary James Mattis agreed to continue working together
to achieve their common goal of a complete, verifiable, and irreversible denuclearization
of North Korea, as reflected in multiple United Nations Security Council Resolutions.
During the conversation, Mattis also reaffirmed Washington's ironclad commitment to defending
its ally using the full spectrum of its capabilities.
-------------------------------------------
President Donald Trump discusses the relationship between the U.S. and North Korea - Duration: 4:18.
Thank You mr. president Chancellor Merkel asked a couple
questions of the president first I want to ask you to step over it's crowded in
here I want to ask you about a couple comments that you made in the Oval
Office earlier in which you said about North Korea that they've played the u.s.
in the past like a fiddle but that's not going to happen to us do you as it
relates to hopefully getting peace on the Korean Peninsula denuclearization of
the Korean Peninsula do you feel as if you need to be the closer in that deal
do you want to be the closer and that deal or do you think that's something
that is shared by all of the major stakeholders all of the the world
leaders within that region and secondly indulge us if you might you said that
the relationship with North Korea has been strong or one of the words you use
have you spoken with Kim jong-un himself or do you plan on speaking with that I
want to comment on that do you plan on think we have a very good
working relationship we're setting up a meeting
things have changed very radically from a few months ago
you know the name-calling and a lot of other things we we get a kick every once
in a while out of the fact that I'll be watching people that fail so badly over
the last 25 years explaining to me how to make a deal with North Korea I get a
big big kick out of that but we are doing very well I think that
something very dramatic could happen they're treating us with great respect
and you know what's going on with South Korea and I think president moon of
South Korea was very generous and saying that we helped make the Olympics a great
success because of the fact that as you know there was a tremendous animosity
there was a tremendous problem going on and all of a sudden people started
buying tickets because a whole different feeling when North said we'd love to go
to the Olympics so a lot of good things are happening with respect to North
Korea President Obama told me when I had the one meeting with him he said that's
your biggest problem that's going to be the most difficult thing you have and
honestly I wish it was handled I wish it were handled by another
administration years ago I'm not just talking about President Obama I'd go
back to any administration you want but over the last 25 years this should have
been handled a long time ago not now this should not have been left for me to
handle but we will handle it we're handling it well and hopefully there'll
be peace for North Korea South Korea Germany I mean everything is included
Japan the chancel has been very helpful in the maximum pressure campaign as I
said really very helpful so have many other nations President Xi of China has
been really good at the border everyone's surprised at how tight he
clamped down everyone said that he'd just talked about it he wouldn't do it
what he did it and he did it out of a relationship that we have and also out
of the fact that we're negotiating trade deals and I think that's also very
important to him hopefully we'll come up with something that's good for both
countries so I think some very good things can happen with respect to North
Korea we're setting up meetings now we're down to two countries as to a site
and we'll let you know what that site is do you have a question for the
Chancellor just just to follow up or quickly do you do you feel like it's
your responsibility for this to eventually get settled between North and
South Korea I think I have a responsibility I think other presidents
should have done it I think the responsibility has fallen on the
shoulders of the president of the United States and I think we have I think I
have a responsibility to see if I can do it and if I can't do it it'll be a very
tough time for a lot of countries and a lot of people it's certainly something
that I hope I can do for the world this is beyond the United States this is
a world problem and it's something that I hope I'm able to do for the world
-------------------------------------------
Trump's Attacks On The Press Cause US To Drop To 45th In Press Freedom Index - Duration: 2:54.
According to the latest Press Freedom Index by the group Reporters Without Borders, the
United States continues to fall in their ranking amongst other countries in the world of press
freedom.
And the reason that we've been falling for the last two years are because, according
to Reporters Without Borders, the constant attacks on the press coming from Donald Trump.
He is, what they describe, a media bashing enthusiast and that is having a chilling effect
on journalism and the media here in the United States.
ut again, as usual, we can't just attribute this to Donald Trump.
It was actually about a year ago that the RNC, Republican National Committee, announced
that their plan for the 2018 midterm was the run against the media.
They didn't want to talk about issues.
They didn't want to run against democrats.
They were just gonna paint the media as being wholly anti-republican, and surely that was
gonna get the public on their side.
Of course, that seemed to backfire when it turns out that more Americans trust the media
than trust Donald Trump, but nonetheless, that was their strategy, and that is still
the Republican Party strategy today.
They want to attack the media.
They want to go after the press.
They want to go after journalists.
They want to go after the people in the press briefings asking the tough questions of people
like Sarah Huckabee Sanders.
They don't want to have to answer them, so they go after the media.
And what does that do?
It forces the media to report stories that don't have all the facts, because the White
House won't give it to them.
Or, they scrap the story all together because there's nothing to go on without an answer
from the administration.
That hurts press freedom in the United States, and it does start with Donald Trump, but it
is not limited to him.
His entire administration, the entire platform of the Republican Party is to go after the
media.
But, unfortunately, they don't go after the media for the things they should be going
after them for, like taking all that corporate money and then burying stories about how horrible
those corporations are.
Instead, they're going after them for some falsified view that they have that the media
is out to get them.
The media, for the most part, as long as you're avoiding talking about corporations, is trying
to tell the truth and just educate the public.
They're doing a poor job of it on their own, but Donald Trump is making sure that press
in the United States, number one, is not only not free, but number two, can't do their job
properly and therefore the public might eventually lose trust in them.
Luckily, the American public, at this point, is losing their trust in Donald Trump a hell
of a lot faster than they're losing their faith in the media.
-------------------------------------------
Trump Made One Honest Statement About US Paralympics and Liberals Lose Their Freaking Minds - Duration: 6:03.
Trump Made One Honest Statement About US Paralympics and Liberals Lose Their Freaking Minds
And the mainstream media is at it again.
Since the media in this country can't believe their eyes as to what is going on with the
Korean Peninsula peace process thanks to President Trump, they have to attack him in another
way.
And this time that way is so asinine it's just impossible to believe.
They are now accusing him of making an off-color remark while congratulating the U.S. Athletes
who participated in the Olympic and Paralympic games in Pyeongchang last month.
President Trump said "What happened with the Paralympics was so incredible and so inspiring
to me," as he stood on the White House North Portico surrounded by members of the Olympic
and Paralympic teams.
"And I watched — it's a little tough to watch too much, but I watched as much as
I could."It's 100% clear what President Trump meant.
It was that he has a lot on his plate and it's hard for him to watch the whole thing.
So he watched as much as he was able to watch, just like all of us working folks did.
But of course, the usual suspects such as "Time" have to cut out the context.
Yup.
Here is your mainstream media fake news double standard.
No one accused Obama of anything when he made fun of the disabled.
But the media does its best to cut quotes out of context in order to attack President
Trump.
The very man who is giving us the best economy seen since the 60's and the most peace our
nation has seen since before 9/11.
Here is more on Obama's gaffe via Fox News:
"President Barack Obama might have rolled a gutter ball on NBC's "The Tonight Show."
Toward the end of the interview on Thursday, Obama told host Jay Leno he's been practicing
at the White House's bowling alley but wasn't happy with his score of 129.
Leno complimented Obama on the score, but the president quipped, "It was like the
Special Olympics or something," which prompted laughter from the audience.
Deputy Press Secretary Bill Burton said the president's offhand remark was not meant
to disparage the Special Olympics, only to poke some fun at the commander-in-chief's
bowling skills.
"He thinks that the Special Olympics are a wonderful program that gives an opportunity
to shine to people with disabilities from around the world," Burton told reporters
flying back to Washington with Obama aboard Air Force One.
A call for comment to a Special Olympics spokesman was not returned late Thursday.
Despite making fun of his score, the president appears to be getting better the more he visits
the White House lanes, which President Truman installed in 1947.
During a campaign photo op a year ago at a bowling alley in Altoona, Pa., he rolled only
a 37 in seven frames.
The clip of the disastrous game was replayed on late night television shows such as Leno's
— one of Obama's few campaign gaffes.
Obama said he was stunned when he learned of the bonuses that bailed-out insurance giant
AIG was paying its employees, and the payments raise moral and ethical problems.
The administration's going to do everything it can to get them back, he said.
But Obama added the bigger problem is the culture that allowed traders to claim them.
He says that's got to change if the economy is to recover.
"The larger problem is we have to get back to an attitude where people know enough is
enough, and people have a sense of responsibility and they understand that their actions are
going to have an impact on everybody," Obama said.
"If we can get back to those values that built America, we're going to be okay."
According to NBC, Obama was the first sitting president ever to appear on "The Tonight
Show."
He'd already appeared twice as a candidate.
On Thursday evening, Deputy Press Secretary Bill Buton said the president's "offhand"
remarks were meant to make fun "of his own bowling and in no way intended to disparage
the Special Olympics."
"He thinks that the Special Olympics are a wonderful program that gives an opportunity
to shine to people with disabilities from around the world," said Burton.
Obama's TV appearance Thursday came during a series of stops in California intended to
rally support for his budget proposal and his solutions to the widespread economic troubles
facing the country, but some have questioned whether a light-hearted chat with Leno would
strike a humorous tone when a serious one was merited.
"It's not an accident that no sitting president has ever done a show like this,"
media analyst Steve Adubato told FOX News on Thursday before Obama's TV appearance.
Obama didn't shy away from the typical late-night banter, though he also talked about hot-button
topics in Washington, including the performance of his embattled treasury chief, Timothy Geithner.
Obama said Geithner is doing an "outstanding job."
He told Leno that Geithner is a smart guy who's been handed an incredibly full plate.
But he's handling it all with grace and good humor.
Listing the recession, the banking crisis and the need to coordinate with other countries,
Obama acknowledged Geithner's "on the hot seat."
But he says too many in Washington are trying to figure out who to blame for things — when
they should be focused on fixing them.
In his opening monologue, Leno said lots of people were surprised Obama would come on
NBC — figuring he'd be tired of big companies on the brink of disaster with a bunch of overpaid
executives.
Leno also joked about the dismal state of the economy, saying it's so bad that Obama
flew to California on Southwest — making nine stops.
As for Obama, he called riding on Air Force One "pretty cool, especially because they
give you that jacket with the seal on it."
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