I've been working on ASEAN issues since 2012, back in Washington at the State Department, where we worked with the Office of Multilateral Affairs. And then I worked in Myanmar in 2014 in the first year that it served as chair of ASEAN. And then last year, I came here to Jakarta to serve as a deputy to the U.S. mission to ASEAN. It's a great place to be except for the traffic, but you know that. And I'm able to stay on for one more year to work on business issues here. If any of you are interested in innovation and the cool high-tech things that the U.S. has to offer, if you want to know a little bit more about U.S. business and economic opportunities that are available, let me tell you, you know, check out our website, which we just built ready for President Obama before he went to the NTN last month. It's usacianconnect.gov. I can give that to you. Novi Nalendra will have it as well for anybody who wants it. And anybody who's got questions, please let us know. But you're not here to listen to me. You're here to have a great discussion and conversation tonight. And you're about to hear from Mark Mealy, who is the Vice President for the U.S. ASEAN Business Council. Great guy. Really good talk. And I think you're going to enjoy it a lot. So with that, turn things over to the MC. Thank you so much, Mr. Aaron. And now I'd like to invite our moderator for this evening. Please help me welcome Putra Aditya. Thank you, Rima. Welcome, everyone, to the third YSEALY Digital Speaker Series. My name is Putra Aditya. I work at the U.S. Embassy Jakarta as YSEALY Coordinator. Has anyone here heard about YSEALY? Yes or no? So if you want to know more about what YSEALY is, you can find me after the event. You can find me or Nalendra or Novi, and we can answer your question all about YSEALY. So before that, I would like to say thank you for everyone from WIN. Give a big round of applause for you for coming all the way here and everyone from Budi Luhur University. And we also connected with our friends in Lincoln Center, Sarawak, Malaysia. Hello, everyone in Sarawak, Malaysia. So let's say it's an honor for us to be connected like this. And I think it's proven to me that we're separated by distance, but we're having a conversation right now. So it's a great pleasure for us to be able to attend this. Yes, thank you so much. So before we start this event, I would like to introduce my friend that will be here in the stage with me, Nalendra from U.S. Mission to ASEAN. Let's give a round of applause for Nalendra. And then I would like to introduce our speakers for tonight, Mark Milley. Mark Milley brings over 20 years of experience in international trade and economics to his role as Vice President Policy to the U.S. ASEAN Business Council. He has previous experience working for the United States Congress, serving as the International Economic and Foreign Policy Advisor to Congressman Gregory Meeks from New York and as a member of the professional staff of the House International Relations Committee. And prior to that, Milley was director of the Trade and Investment Program of the African American Institute. And he has also worked as the consultant for the foreign government and international development NGOs. He began his professional career and international economies with the International Trade Policy Division of USDA's Foreign Agricultural Service, where he managed some of USDA's largest community trade finance and food assistance program in Asia, Africa, and Eastern Europe. So he will be one of the great speakers for tonight's theme about ASEAN Economic Community. So are we connected to Mark Milley yet? I hope so, yes. Okay. Hi, Mark. Hi, good evening, everyone. Good evening, Mark. So Mark is joining us right from Washington, D.C. So it's right, like, early in the morning now. Thank you for joining us this early. No, no problem. It's my pleasure. So without further ado, time is yours. Please, please welcome Mark Milley. Well, ladies and gentlemen in Jakarta and also in Sarawak, Malaysia, thank you so much for spending some time with me in your evening. I hope you've had a good day at work or at school. And as I begin my day here in Washington, I'm looking forward to a busy day. I also want to thank my friends at the U.S. government, the various U.S. embassies for giving me the honor to be part of this conversation with you all about the ASEAN Economic Community. As an economist and as someone that has been doing work in Southeast Asia, focused on Southeast Asia for almost 15 years now, I can definitely say that the efforts and the vision to really form the ASEAN Economic Community is very exciting and I think represents a tremendous opportunity for all of the citizens in all 10 countries in the ASEAN region. As someone who is an African-American, it's also been very, very exciting for me to say that I have actually been able to visit all 10 countries in ASEAN. I've had so many friends, whether they are in Cambodia or in Malaysia or in Singapore. And these are friendships that I know I really will have for the rest of my life. And hopefully one day I'll even begin to be able to bring my children to visit friends and have the same kinds of experiences that I've had. Before I jump into my remarks about the ASEAN Economic Community, I want to frame them in the following sort of three contexts or three ways that I think we might have a good conversation about what is the ASEAN Economic Community. I think the first context that I would offer is that we are in the period for every citizen in the world of great change.  I think the second context is important to think about this ASEAN Economic Community in terms of really what's the vision that has been talked about by the leaders of the 10 countries and the policy makers and business leaders and really why is the ASEAN Economic Community so important for ASEAN countries now. And then lastly, I think it's important that we spend a little bit of time talking about some of the challenges, some of the opportunities. And really what are some of going to be the key things going forward in order for this vision of creating an ASEAN Economic Community to really become a reality. So let's start with the first context, and that is navigating change. I think it's very safe to say for all of us, no matter where you are in the world, that here in the 21st century, because of technology and innovation, increasing at an even an increasingly sort of faster rate, the processes of globalization, increasing how we're all connected and really becoming much more of an integrated world is really a sort of a fact of life. When we think about the advancements in transportation, where basically distances are now much shorter, I know it still takes me about 17 to 18 hours to fly from the United States to Bangkok, but I can imagine how much more time it took 10 to 15 years ago if I were going to be trying to travel from the United States to Singapore. And obviously, again, the time is much faster now. I think we think about the way technology has really sped up everyone's ability to get access to information. And I know in one of the things that's very, very unique about ASEAN countries is that people in Indonesia and Malaysia and Singapore, these people that I know, not only have one hand phone, but sometimes two or even three hand phones, it's almost incredible to see the rapid usage of mobile devices for so many different elements of life, including just talking to friends but also getting information. I think we also think about how many of the sort of historical ways or recent ways of how sort of things are done, whether they're done by government or whether they're done by businesses or all kind of being disrupted and changed by, in a sense, because of innovation and technology. I think we all know that, you know, when I was a young person, if I was going out with my mom or dad, you know, we would obviously, if we didn't have a car, we would look for a taxi. You flash forward to then today's world. And if you're going someplace, you might grab an Uber or a grab taxi via your hand phone. So the old ways of sort of doing things are in a sense changing even what we're doing right now, having this conversation, you know, using the Internet to have basically an audio and video conversation is a reflection of how the old ways of maybe using a telephone call or some other type of, you know, communication device have changed very quickly. And I think this navigating of change and also understanding that while change is perpetual, it's inevitable. I think it's also important to remember that not all change is equal or the same for everyone. So even as if someone like myself or my children have to navigate a changing world, I must understand and I always encourage my children to understand that our ability to how we deal with change may not be the same for other people who have to navigate those same changes. And I think that's really an important context when I think about this sort of the ASEAN and its moment in history and this vision of an ASEAN economic community. Because sometimes I find when I'm talking to people about this question of, you know, whether, you know, you're connected to the global economy or whether if you're in Indonesia, are you connected to the regional economies in Asia? Sometimes it's maybe difficult to see that the simple answer is we're all increasingly connected. You may not always understand the ways that we are connected. How something that may go on in China may affect us in, you know, Indonesia or something that may go on in Singapore may affect us here in the United States. I think that's a reflection of, again, how we are very much integrated in a world today. I think what really matters, though, is not so much how you as an individual, whether it's your school or your business or your nonprofit organization. There's not so much a question of if you are connected or not. It's a question of how you are connected to these parts of the world that may be outside of your own country. And increasingly, what kinds of things can you do as an individual or even as a society to shape how you are connected to the world over time? Because it's not a static process. This is a very dynamic, perpetual motion kind of question here. How Indonesia is connected to ASEAN today may be very different to how Indonesia's society is connected to ASEAN 10 years from now or 20 years from now. So it's really about how the societies are being linked. That's very important. And I think fundamentally what we are really seeing that really shapes how individuals, businesses, societies are connected, how they are connected. Oftentimes, it completely boils down to many things. But I think where we oftentimes start with is education. Education is sort of the catalyst for shaping how you as an individual or your school or your society can be connected to the world. And I think increasingly many societies, including us here in America and I know in the region, we're in a period where education also has to begin to go through sort of a transformative process in order so that you as young people and students and even as adults, if we're going back to school to learn new skills, the skills that we need to learn are in terms of sort of these global competences, these skill sets that we need to really acquire and develop in a more internationalized and connected world. And I mentioned three such skill sets. Number one, really being able to value and appreciate cultural differences because in a more connected world, we're going to find ourselves interacting with people with different cultures, different religions more and more.  And lastly, I think being able to understand sort of the complexities of how markets are coming together and cultures are really being exchanged. I think it's another important skill set that will enable all of us to be better at navigating change. So that's the first context. Now, let's talk about more about the ASEAN Economic Community. I was glad that you started off this conversation about sort of do people have a clear sense of what really is ASEAN? And again, I feel very, very fortunate that I've been able to visit all 10 countries which make up the ASEAN region. But I've also discovered from many, many friends in the region that not everyone has had those kinds of opportunities. Not everyone has been to, you know, going to Vietnam or visited Laos or been to Myanmar. And yet they all, all these societies make up ASEAN. I think it's a fair place to start is what really is the vision that the leaders of the 10 countries have articulated about this ASEAN Economic Community or this AEC? I'll highlight a couple of ideas or a couple of points, I think, which capture that vision. The first one is there's a clear sense that the vision of creating the ASEAN Economic Community made up of these 10 nation states is not, I repeat, not to try to recreate the European Union. I think there's a very clear understanding by the leaders of ASEAN that ASEAN cannot mimic or be a carbon copy of what other groups of countries have tried to create for themselves. ASEAN must create its own economic community based upon its own cultures and histories and the wishes and desires of its peoples and its companies and other stakeholders. That's the first thing. Secondly, there's a vision that the AEC will help these 10 countries to become what we would consider a globally competitive single production base. By that, the vision is ASEAN, if it's a functioning economic community, would create opportunities for companies large and small to be able to create goods and services in any of the 10 countries and it would not really matter where that particular activity takes place. And more importantly, in today's more integrated world, larger companies, whether they're large ASEAN companies or larger global companies, would be able to locate different aspects of their business in different ASEAN countries, but all have them connected together. So that's the idea of making the region a single production base. Third vision, to make the 10 countries together as an economic community to really be Asia's number one regional economic hub. So in other words, for the other big economies, whether they be China, Japan, Korea, the 10 ASEAN countries together as part of the AEC would be a significant regional hub for all of the Asia Pacific and really for all of the world. Fourth, to really create a regional marketplace for consuming and producing goods and services. And here what we would say is that if you're a business person or you're an entrepreneur and you make a product in Indonesia and if your product meets all of the required regulations or standards for health and safety in Indonesia, the ASEAN economic community would allow you as a business person to then to be able to sell your product in the other nine ASEAN countries. If there is an agreement that if you meet the standards in Indonesia and the standards are the same for all 10 countries, you would be able to much easier be able to sell your product in the other nine ASEAN countries. So in a sense, the AEC has a vision of trying to create regional standards, regional regulations, regional rules. So if you follow them in one country, it applies for you and the other nine countries. Fundamentally, the vision of the AEC is really about trying to create the freer. And I use the term carefully. I don't mean free. I mean free earth, the cross border movement of goods, services, investment, capital, professional or skilled labor. And one of the other things that the Americans tend to talk a lot about in Southeast Asia is the importance of the freer movement of data and information across borders. Kind of like what we're doing right now by having this basically this video conference across three different countries. These are some of the key things that I think make up the vision of the ASEAN economic community that the leaders and other stakeholders will hope to try to build and become a reality over the next 10 years. Some of the key pillars and we can come back to these during our conversation that are really fundamental for this vision to become a reality include things like the ASEAN single window, which is an initiative that focuses on the customs processes to allow goods to move across borders from one country to another. The ASEAN connectivity master plan, which is a plan to really deepen the way people and information can move within the ASEAN region and across borders. I think I would say that the greatest achievement so far in really enabling the greater people to people connectivity amongst the 10 countries is the great work that my good friend Tony Fernandez, the CEO of Air Asia, has done in ASEAN to make it actually much easier and much cheaper for ASEAN citizens to fly to various countries around the region. And that's really, I think, one of the more tangible achievements of ASEAN so far. Some of the key institutions to really help achieve this ASEAN economic community are, of course, the ASEAN secretariat in Jakarta, but also other institutions like the ASEAN Infrastructure Fund, an entity that's based in Kuala Lumpur that has been set up by the 10 countries to make investments in things like roads, transportation, rail and other types of projects again to help connect ASEAN countries to each other. So that's part of the vision, I think, of the AEC. Some of you may ask the question, well, you know, why do we need, why do we in ASEAN countries need an AEC? Like why is this important for us now? Why should we be focusing on this? Why should we care about this initiative? I think it's the first and foremost answer is you start with the idea that each ASEAN country, of course, you know, has its own unique culture and history, particularly in terms of development, in terms of politics. And as was stated earlier, the idea of ASEAN trying to bring these 10 countries together to share sort of a common future. Part of the success of that future is not just simply what the 10 countries do with each other together, but it's also how these 10 countries are also part of the whole entire world. And I think it is safe to say that the ASEAN as a region is already connected to the world, already plays an important role in the global economy. As many of you know, many global companies have businesses, have operations in various ASEAN countries. And therefore, you as ASEAN citizens are playing a critical role in the global world today. I think what the leaders of ASEAN have recognized, though, is that as the world continuously changes in order for ASEAN countries to continue to play an important role in the global economy, it's going to be very important that the 10 countries create a more of a regional economic community. And in a sense, the 10 countries as individual countries over time might not be as able to create the kinds of opportunities that it wants to create for its citizens, for its young people, because the world is changing. And in order to keep pace with the way the world is changing, ASEAN needs to come together as a community. So this goes back to that question I said. It's not a question of if you are connected to the world, you already are connected to the world. The real question is how you are connected to the world in ways that allow your societies to benefit from these connections. From the name of the sheriff, you just a couple of points about from the American point of view, why ASEAN is important and why this ASEAN economic community vision and initiative is something which actually is attracting a lot of attention around the world today. So from a global business or investor perspective, there's a tendency to look at ASEAN as a region in terms of the number of people that make up the region. So if you combine the populations of the 10 countries, you're talking about a region of over 600 million people. That is a very big number of people. And more importantly, what really makes ASEAN so interesting to global companies and global investors is that of that 600 million people, the majority of the 600 million are people under the age of 30. And for the perspective of global investors or global companies, that means ASEAN has a very young population, people that are going to be going into the workforce, going to be having children one day, going to school, living on their own apartments, buying cars, buying more hand phones as they get older. So that's what makes ASEAN very, very interesting. If you combine the 10 economies of ASEAN together, you're talking about a region that has a combined GDP of over 2.5 trillion US dollars. That's a very big number. That's bigger than any of the individual economies in Southeast Asia, and it really attracts the attention of why ASEAN and AEC is very important. So this notion of ASEAN countries saying, we want to come together and form an economic community, that's also very much the other side of the coin in terms of we want to form an economic community that is still also very globally connected to the rest of the world. Sometimes there is a misperception that ASEAN wants to come together as an economic community to sort of close itself off from the rest of the world. We would say, no, ASEAN wants to come together as an economic community so that it can be actually more powerful in terms of how it is connected into the global economy. One thing, of course, that we also must keep in mind as this process, as this vision tries to move forward. As the ASEAN economic community evolves, as it becomes a catalyst for change, processes of change in individual countries, we must always remember that in any process of change, particularly economic change, there can be both winners, but also there can be both losers in these processes of change. There can be segments of society that really benefit the most from the process of change, and there can be segments of our societies that maybe don't benefit as much from the process of change. So one of the things that's going to be very, very critical for the success of really forming the ASEAN economic community is how do governments, businesses, non-profit organizations, the education sector, how do they help make sure that those who maybe don't benefit as much from these processes of change are supported and helped so that they don't feel that they are left behind? And that's a dynamic that is going to be very important to watch both between countries in ASEAN and also inside each ASEAN country that's going to be very, I think, important element of the AEC process. Let me turn to another, I think, really important question, and that is, well, why does this whole ASEAN economic community vision matter? What could it really mean for your individual life? Because I think at the end of the day, we oftentimes have to ask ourselves that question, well, is this, is my government helping to create this ASEAN economic community? Is that going to be good for me or good for my children or good for my village? I think the answer is fundamentally, yes, coming together as a community, I think, is really going to be a great catalyst for really increasing the kinds of options that the citizens of ASEAN will have in terms of work, in terms of life, and even in terms of, you know, recreation and play, so to speak. As I mentioned, the work that Air Asia done to really connect and make it easier to travel within the region, I think, is a great example of what coming together has really enabled or really generated in terms of how it impacts you as an individual, what it could really mean. I think, as I mentioned before, coming together as a region is already attracting more of the world's attention to each individual ASEAN country, more so than any individual ASEAN country could attract on its own. You know, when the 10 ASEAN presidents and prime ministers came to America earlier this year to meet with President Obama, one of the conversations which the 10 leaders of ASEAN had were with the CEOs of some really well-known global companies like IBM and Microsoft, and one of the messages that those CEOs shared with the 10 leaders of ASEAN was this. They basically said, right now, we as global technology companies that are, you know, doing business all over the world, investing all over the world, training people all over the world, we are very interested in the countries of Southeast Asia. We think that the countries of Southeast Asia represent some of the most dynamic and cutting edge and exciting places to be and do business and young people that are interested and hard working and really are trying to potentially become great inventors one day. And those CEOs shared though with the presidents and prime ministers that in order for the 10 countries of Southeast Asia to continue to attract the attention of global companies like a Microsoft, like a Google, like an Airbnb in Facebook, it's going to be increasingly important for the 10 ASEAN countries to come together and to help to put in place regional rules and frameworks and policies that really shape how global technology companies do business. And in a sense, the real message was, Southeast Asian countries have a great window of opportunity today. It's an opportunity that won't exist forever. And I think that's really the importance of why the ASEAN economic community can really have a tremendous impact on the lives of so many people and all the citizens of the region. I want to be cognizant of our time to really also have a conversation. So with the, if the moderator would like, I can pause here and perhaps we can begin some of the conversation and continue to discuss some of the key issues of the ASEAN. Thank you, Mark, for a very thorough and detailed and informative session. So now we're going to move on to the question and answer session. We would like to start with our live audience here in Latin America. So any questions from here, from Nguyen or from Boudi Luhur? Any questions? Yeah, we have one question. Yeah, we have one question over there. Can you please stand up? Good evening. My name is Haps Oro from University of Boudi Luhur. First, I would like to ask maybe Mr. Ehren could also answer this particular question. Mr. Milley mentioned earlier that the changes we're aiming for, the benefits, some will feel that benefits as in actually good benefit and some might not. I'm going to take it as a, I'm going to say that a little bit more blunt that say by benefit not as much that some people might actually suffer from those changes. So I would like to ask what exactly what that kind of change are we aiming for here and what exactly is the US role in this relationship? Because I think it's safe to say that even US on its own has a comparable political power than the whole of Asia to ask. Maybe Mr. Ehren or Mr. Milley could answer me. What exactly is the United States of America's plan in this relation? Maybe a little bit of advising or something a little bit more hands on approach? I think that's all. Thank you very much. Thank you. So yeah, and we can give a round of applause. So maybe we would like to ask Mark. Sure. I think I answer for the question about what change are we aiming and what are the US role in as an economy community exactly is. Sure. I think that the leaders of ASEAN are aiming for change that the AEC will help ASEAN countries to continue to be one of the most attractive places to do business and to make investments in the world today and in Asia. I think there's a there's a change is that that the leaders recognize are that many countries in ASEAN have done fantastic work at promoting economic growth and socioeconomic development for many, many years. Leaders, however, recognize that as the world has continued to change, the policies, the efforts that have been made in the past to support economic development in ASEAN may not be as successful in the future because the world in the future is different from the past. Hence, the feeling is by forming the ASEAN economic community. That will be something which will help ASEAN countries to continue to be successful in investing and in development as the world continues to change, because let's understand one thing very, very clearly. In the 20th century, countries like Malaysia and Singapore were very successful in promoting development in their countries. Thailand, Vietnam have also been successful in promoting development in their countries. But 20 years ago, China was a much smaller global economy. Twenty years ago, India was a much smaller global economy. So the question then becomes in today's world, which is now very different and in terms of Asia because of the growth of China and India. The same kinds of things that countries did in the past are likely not to be as successful in the future. That is why the leaders have felt creating the ASEAN economic community can be something very, very helpful. And lastly, I wouldn't comment on what the U.S. government has done or what U.S. government role has played, but I will say this. The U.S. business community, because of its many, many years of also being a big investor and participant in various ASEAN countries, very much supports this vision of creating the ASEAN economic community. So the U.S. business community has been helpful in terms of supporting certain projects, helpful in terms of helping support the ASEAN secretary to do its work as examples of a positive role and partnership role that the U.S. business community has sought to play. I'll stop there. Okay, thank you, Mark. I would like to also ask Pa-Erin, do you have anything to add for that question? Thank you. I agree completely with everything that Mark just said and believe that it's entirely correct that the activities that countries have done in the 20th century to succeed may not necessarily be the same activities that are going to lead to success now here in the 21st century. Mark mentioned the leaders' meetings with President Obama in California this past February in Sunnylands. And that was a conscious decision that we made talking with the folks at the White House is that for the discussions with the ASEAN leaders, we wanted to do something that we thought would be meaningful for them. And so we wanted to talk about what kinds of, what kind of role the United States could play to help this region continue in its remarkable trajectory of success over the past decades and make sure that continues. What came to mind with us at U.S. ASEAN and the mission here, and we recommended this to the White House and they agreed was that we should have our private sector partners, in this case it was with CEOs from IBM and Microsoft and Cisco come into that meeting to give the private sector perspective on the conditions that make it more possible for the kinds of positive change to take place. Conditions that create an enabling environment for innovation and for ownership because we have found that when we as a government go in and have that conversation with our government counterparts, they do listen, but they typically when we say it in conjunction with our private sector partners. So we wanted to do that from the very beginning. And a lot of what we do in terms of trying to support the region is done in that way. You that are USAID, U.S. Agency for International Development is working with the U.S. ASEAN Business Council to create the an online SME Academy that's a small meeting enterprise support. And it's a where information is available for folks who want to you're interested in starting up their own business who are looking for what kind of resources might be available to them and just have particular questions because the pain that we in governments aren't gonna be in a position to really give it to you. What we can do is provide the tools and the information for you to figure out how to best address that yourself. That kind of thinking is behind the thought process for me in my new job working as the director we're going to try to do our best to make sure that information and resources about what the U.S. is doing is available to you. But we don't push for a particular industrial policy. The U.S. doesn't have that. And we think that the best we can do is as much as possible, get out of the way and let businesses do what they can to succeed. Let them innovate and come up with the cool new toys so that show up in my son's making me buy them for Christmas this year. Thank you Pa Aaron. So that's the question from Jakarta. Now we're going to ask our friends in Sarawak, Malaysia. Do we have any questions? Yeah. Thank you Mark. So we have a question right here from Mr. Japri who works for the State Library here. You'll ask the question himself. Thank you. Mark, thank you very much for sharing some very enlightening information with us. Being the citizens of ASEAN, we are very much interested in these topics. I think in the process of getting together, keeping together and also working together, the European Union has been going through this process a lot longer than the ASEAN community. But still they have issues like Greece and then also the recent Brexit is something that is not really positive towards the cooperation that they have in the European Union. How do you see these happenings affect the ASEAN economic community being a very young economic community? We just started last year at the end of last year. This is not even up to the second year. If there is anything that you should learn, especially you, because they will become the leader then when we have maybe another Brexit year. Yes. I don't know what it is. But what should we be sensitive about if we are to be leaders tomorrow? Yes. To be more successful than the European Union. Thank you. No, I think that your question is, Your question is an excellent one. And that's why I have always been very, very happy when I talk to, when I get the opportunity to hear ASEAN leaders always remind their American friends that the vision of the AEC is not true to try to copy the European Union. In Sarawak, Malaysia, like looking back at what happened in European Union and then what happened with their member countries, with what happened in Greece, what happened with Brexit, and then as ASEAN community as the young, newly formed community, like what should we learn from that? And what should we take from the community and the European Union? But have any answer for that, Byron? I can try that one, but that's a really good question for which I think people who get paid a lot more than me are trying to come up with an answer. Thankfully, Mark is back. So he'll come up with something better and then whatever I can cobble together here. But I would refer back to what Mark said earlier about change. And what you're seeing in the European Union definitely it has existed longer and has been a great success in quite a number of ways. It started as the European coal and coal and steel community and was eventually they called it the common market. And then it went beyond that. And that was something that the countries in Europe decided was important for their own stability and prosperity. With change that has taken place in the last 10 to 15 years, some elements in society in Europe have benefited greatly from that pace of change and some less so. Like Mark said, the disruption that are taking place there are winners as things change and there are some that don't win quite so readily. And the sense among elements in society there is that things haven't turned out exactly the way they want. You're seeing some of that actually in the United States. There are elements in US society that do not feel that the benefits that have taken place with globalization have penetrated all of society equally. So ASEAN leaders are... Lost Jakarta. That was ASEAN people as possible. Okay, there we go. I would say that they're taking these lessons to heart. I know last year at the ASEAN Day festivities here in Jakarta at the secretariat, Vice President Kala said that... He said, and not really as a joke, he said, we're not the European Union and we don't want to be. So they're paying attention. Okay, thank you, Pat. So see the slide. Can I have one final question? Mark, do you have anything to add for that question? What should we learn from EU? Yes, thank you. I think that the most, if there's one important lesson to learn from the EU process, I say there's two important lessons for ASEAN can learn. One's a positive one and one is a negative one. The positive lesson to learn from the European Union process is the importance of developing regional institutions that really are given a mandate by each of the member states to really do things on behalf of the region and behalf of all 10 countries. That's one thing which I think is a positive lesson from the European Union. It is something which still needs to be worked on in terms of the ASEAN process to create an economic community. The one, and there are many negative ones, but the ones, if I had to point out one single negative element of the European Union process and the lesson that ASEAN must learn is that over time, the Union, the coming together to form a community will not be sustainable over time if during the formation of the Union and the continuation of the Union, you have significant unequal levels of development amongst the member countries. That unequaleness in terms of levels of development among the member countries must be reduced in a focused and targeted way over time in order for the ASEAN economic community to be sustainable over time. I think that's one mistake which our friends in Europe did not effectively address because if you look at the countries of the European Union like a Germany and you compare the economy of Germany with the economy of Greece, one country makes BMW automobiles, one country exports olives. There is a significant economic imbalance between those two countries to be quote-unquote considered equal members of the Union and that imbalance when it went on for too long generates, I think, some real structural problems. That's my own opinion. But I think that's one important lesson for ASEAN. Okay, thank you, Mark. So we're going to have last question and this time we have online questions. So we have online question from Sam in Cambodia who says in Cambodia particularly, the gap between the rich and the poor is large and between those youth who have quite different opportunities to access higher education. So how can we help them to engage in society to develop the country's economy? I think that question from our friend in Cambodia goes to the heart of my last point in the sense that within ASEAN as we know there are some countries that are more developed than some of the other neighboring countries. My suggestion would be that as the ASEAN countries continue to try to move forward in building the ASEAN economic community, there must be a focused effort in terms of investments, in terms of opportunities put in place for those ASEAN countries which are currently less developed. So Cambodia, Laos, and Myanmar as the three least developed countries. ASEAN countries are more developed than ASEAN countries. ASEAN cannot simply have or think that the benefits of the ASEAN will trickle down to Cambodia, Laos, and to Myanmar. I think history has shown that the trickle down effect is not sustainable. It must be a conscious, planned, strategic decision to support the development of the less developed countries in ASEAN for the benefit of the ASEAN economic community and education opportunities would be one's areas of focus. Okay, so we have another online questions. This time from Rashid Mahmood who is watching on Facebook says the AAC deployment has been criticized for being too slow from observers. What's your comment on that, Mark? I think there are some observers who have made the argument both outside of ASEAN but even also inside of ASEAN. I know some members of the business community in ASEAN have felt that the process has been moving too slow. I think at the end of the day the pace of the process of the process of change has to be one which can be supported and sustained both politically as well as economically. And I think that's going to be again a continued challenge for the region to really make sure that there is enough of a consensus to really try to move forward in ways that can offer benefits for everyone. And as we all know in the ASEAN way countries have been allowed that are ready to move faster, can move faster. Countries that need more time to build capacity or need technical assistance are allowed to move slower. I think that is an important tool for ASEAN to utilize going forward. So actually Rashid Mahmoud has a follow-up question on that. That ASEAN countries still see each other as a competitor in terms of inbound investment and jobs. In your opinion what should we do as a region to become less of a competitor and more of a collaborator? I think Rashid is hitting on some very important fundamental questions and that's why having this kind of conversation with myself here in America and our friends in Malaysia and you in Jakarta is so important. I personally think fundamentally the citizens of the 10 countries of ASEAN have to really look in the mirror and ask themselves how do you really identify yourself? How do you really see yourself in your nation, in your region and in the world? I think it's very, very important for ASEAN citizens to understand that right now your 10 countries as a region are really significant in the world in a sense know your power that comes from being a group as opposed to your sense of being individual persons or simply individual countries. I think at the end of the day it's going to be really important for young people to really engage their governments, their parliaments and congresses and really talk about what really is your vision for the kind of society you want to be in in the future because the future really is your life it's really your reality and I think the challenge that young students will have is not so much to say this is the kind of country we want to live in but to be able to say what will it take to really create and support and sustain the kind of society that you say you want to live in when you go from being a younger person to an older person because the future really is it's your life it's your reality and I think that's the kind of question that I think the online person on Facebook is kind of getting at for all the citizens of ASEAN. Okay, so one last question from our audience Sarawak do we have questions? Sarawak do we have questions? I'm very excited to hear Mark continue his speech Okay At the Medical we have one question over there Hello, good afternoon everyone My name is Rave, I'm from Wudiluru University and I'm asking about that ASEAN is in your opinion is there any change that ASEAN economics will top over other ASEAN's economics? Thank you so much Very good question I think it's very possible that ASEAN has the potential to become one of the world's leading economies and I'll tell you for a couple of reasons Number one, we've seen in the last five years some significant increase in the amount of research and development and the development of patents and inventions coming from ASEAN countries and that's a key for long term economic success and development Number two, ASEAN countries are now becoming some of the most attractive countries in the world in attracting entrepreneurial investors who really are thinking that the future possible Google's and Microsoft's and Facebook's are going to be created by entrepreneurs in ASEAN countries If many of you have heard of the investment group 500 startups which is an American investment company that is making investments in entrepreneurs in Malaysia Singapore, Indonesia, Vietnam the Philippines the reason why they are making those investments in these entrepreneurs is because they are seeing the intelligence the hard working and the vision of some of your fellow citizens and the potential to really create some of the world's next great companies I think if the AEC vision can become a reality where instead of individual countries it's really 600 plus million people who are able to live and to work and to play in a more freer environment that will really I think help ensure ASEAN does become that global success that it has the potential to be Thank you Mark, so that's the end of the question and answer session unfortunately we have to wrap up because of the time I know the discussion getting more interesting and interesting but Mark what do you want to say as the closing remarks from our discussion Well first of all again let me thank everyone in Jakarta and also in Malaysia for spending your evening with me let me just close by saying what I would say are the key challenges and what I believe are the keys for the success of the AEC going forward I think number one there needs to be and it's a challenge there still needs to be more participation in shaping the AEC from broader aspects of society the AEC cannot be created by the ten governments alone it has to be created by businesses entrepreneurs SMEs companies have to have a bigger role in shaping the AEC number two and I say this to our friends in Indonesia I personally and many observers feel that because of Indonesia being the largest country in ASEAN the success of the AEC will be greatly affected by the degree that Indonesia and Indonesia societies and Indonesia citizens believe and support the creation of the AEC there can't be a globally powerful AEC if Indonesia is not a key partner helping to create it and then lastly I would say that of the keys to the success I would point to one of them that as Ian mentioned Aaron mentioned the important role for small and medium size enterprises in all ten ASEAN countries their ability to grow and develop and to begin to do cross-border activities will go a long way in ensuring the ASEAN economic community the ASEAN economic community cannot just only benefit the large ASEAN companies it must also create more opportunities for the small and medium size enterprises that exist in all ten countries because they are the greatest source of job creation and they play the role of the suppliers to the bigger companies and they are the ones who will have the greatest development impact from the creation of the economic community in ASEAN so I leave folks with that again and really want to thank you all for spending time with me this evening Thank you Mark please give her on of applause for Mark Mark has been saying that the key important roles YSEALY is all about YSEALY is a platform for young leaders for all ten ASEAN countries to meet and share their interests and what they want to do for the region and in YSEALY we have like four big teams entrepreneurship and economic development education environment and civic engagement which actually round up all the aspect that we want to have in this region so by joining YSEALY you can meet with other young leaders in your country that you might not never see without joining this platform and also have someone from other countries in ASEAN that usually we only learn from our school that we have a neighboring country in Laos in Myanmar but by YSEALY we can really connect with them and then really talk about participation and building an ASEAN identity and make a successful ASEAN economy community so that's it the YSEALY digital speaker series for the third time with ASEAN economy community we will have another YSEALY digital speaker series in two weeks for running a successful campaign so if you guys want to join you can come back to America and check out our YSEALY social media platform so that's it from me and I would like to give it back to At America please give a round of applause for everyone here thank you Malaysia


Coming up on DTNSA MC theaters and Universal reduce the theatrical window Kodak makes pharmaceuticals and thoughts on the big four tech executives testifying to Congress This is the Daily Tech news for Wednesday July 29th 2020 in Los Angeles. I'm Tom Merritt and from studio Redwood. I'm Sarah Lane It's all like city. I'm Scott Johnson Roger shang the shows produce We were just talking about variations in podcast editing Sarah getting into mm-hmm the the the video source camera our Why the congressional testimony made me want tacos that's all on good day internet become a member at patreon.com slash DTNS Let's start with a few tech things you should know AMD expects 2020 revenue to grow by 32% on a surge and chip demand as more people work from home Q2 sales rose 26% on strong demand for Ryzen and epic chips AMD reported earnings per share of 13 cents and revenue from computing and graphics Which includes sales of graphics chips to data centers rose 45% US Federal Judge Lashan DRC Hall ordered the state of New York to pay unemployment benefits to for Uber and Lyft drivers Who filed for payments in March or April the New York Department of Labor considers ride hailing delivery employees Sorry drivers employees, but Uber and Lyft have not provided wage data to calculate benefits the judge ruled the state still has an obligation to Pay benefits promptly using data supplied by the workers if necessary Judge Hall further ordered the Department of Labor to clear the backlog in 45 days and process new applications within 14 days Forms smart swim goggles has updated its firmware to add support for open water data things like stroke rate elapsed time other outdoor swimming info Users with an Apple watch series 3 or later or a recent Garmin watch can integrate GPS based metrics and heart rate data as well The updates available now for the form smart swim goggles, which sell for 199 bucks Spotify reported its active users grew 29% in Q2 to 299 million subscribers Paying users active users rather paying users of those active users for the premium plan grew 27% year-over-year to 138 million Spotify forecast those numbers should hit 312 to 317 million in Q3 with 140 million paying users Spotify losses increased 76 million euros to a loss of 356 million euros despite the increase in users a large portion of the loss was attributed to payroll taxes spurred by increased stock price podcast advertising rose and spotify reported 21% of its users listen to podcasts on the platform It's a lot of growth Google announced. It's making some features of Google one available for free Such as the phone backup feature for Android and iOS and a free storage manager tool Google's also rolling out a new iOS app that lets users store photos videos contacts and calendar events with Google Moving in on on the old iOS backup thing see competition Turkey's Parliament passed a bill Wednesday requiring social media companies with more than a million daily active users So Facebook Twitter, etc to ensure they have local representatives in Turkey Turkish users data stored on servers in Turkey and to comply with court orders over the removal of certain content if companies Don't comply the new regulations say they'll have advertisements blocked and bandwidth decreased by up to 90% All right, let's talk a little more about tick-tock because tick-tock didn't get to testify Scott So we have to give them some time here. Yeah, they have to have a little time of their own tick-tock CEO Kevin Mayer Published an 800 word defense of the company which has been accused of having ties to the Chinese government Has been shut down in India and is an under investigation here in the US and other countries Mayer said shutting down tick-tock would leave Americans with fewer choices Mayor wrote quote let's focus our energies on fair and open competition in service of our customers rather than the lining attacks By our competitor namely Facebook Designed or excuse me disguised as patriotism and designed to put an end to our very presence in the US Unquote mayor also announced tick-tock has launched a transparency and accountability center for moderation and data practices And we'll let experts view how tick-tock's algorithm works and how moderation is conducted in real time So a couple thoughts here smart timing for tick-tock went on a day when everybody's going to be talking about any Competitive practices to put out a big thing basically accusing Facebook of anti competitive practices by maligning tick-tock I'm not sure that's going to solve their problems But you know it's an interesting PR message and I think it doesn't hurt And we talked about the transparency and accountability center before on the show So a good day to launch that as well to say look you have questions about how our algorithm works Whether we're going to game the system to favor the Chinese You're worried about stuff getting taken down because it's critical of the Chinese We're gonna let you look at our system and see how it works So you can see that that doesn't happen is essentially what they're saying Yeah, it also puts them in a position of saying well really you know firing an arrow over the bow saying hey Facebook by name We don't like how you're doing it. We think we're doing it better And not only that we're making a unique feature that you probably just want to copy anyway There's some subtext there about how Facebook doesn't make their own products They tend to just sort of copy other people's products or buy them and integrate them and that's an interesting stand This guy's old Disney executive. He's got some fire in his shoes. He's ready to rock and I don't know I kind of like the energy if I'm honest Yeah, I mean the transparency part of what they're doing is they kind of have to do this but it's at this point the argument would be okay, well your Reports that you're giving people is false. Otherwise. This is this is a good thing This is this is it's goodwill for the public and also, you know government officials who have issues with with what? Tiktok is potentially doing or representing. So, yeah, it's it's they're really going hard on this hole We're separate. We're open. We're transparent. Oh, and by the way, we're not awful like Facebook Yeah, I think that's what's smart about the transparency and accountability center It's not just a report of them saying here's what we did. It's we will let you see our algorithm in practice We'll let you see our moderation queue in practice We'll let you look at what's actually happening so that you can rest assured that we haven't Colored the data in any way, but the fact of the matter is I don't think any of that's going to stop the push Against tiktok because it's not motivated by those concerns really it's motivated by ties to the Chinese And we have some news that there might be some movement on untying tiktok from its parent company Indeed Reuters sources say that investors who are interested in buying tiktok away from its Chinese parent company by dance value tiktok at a cool 50 billion dollars the sources say that bite dance has received acquisition proposals from its own investors Including yeah, kind of the big guns sequoia general Atlantic by dance has supposedly valued tiktok at more than 50 billion So, you know might be a little bit of a bidding more here by dance as a whole was valued at 140 billion earlier this year, you know tiktok's not the only thing by dance does No, that's a lot. That's a lot both both those numbers kind of hit me like a truck today And who knows like it's an early valuation and Tom mentioned a pre show that you know that can change and stuff But still that is a huge amount of money But tiktok's a genuine phenomenon you can we can get all mired up and in the weeds about all the things We're worried about with it if we are or if we're not if we should be if we shouldn't be but Yeah, like you can't deny that it's a force to be reckoned with and I may just get funny dog videos out of it But it's a lot more than that Yeah, if I had if I had to guess I would say I expect That we will see bite dance not want to give up majority ownership of this and instead Restructure to make tiktok a wholly owned subsidiary that is headquartered and exists outside of China So you could put it in Switzerland or Turks and Caicos or you know something like that and and try that I think what they want to do is not lose that majority ownership But it sounds like they're having serious conversations with Sequoia and general Atlantic about Going the whole yard and saying fine We'll become a minority stakeholder in this and and that would be the only way to fully satisfy people Actually, the only way to fully satisfy people is it bite dance sold all their interest in it But I don't see that happening at all Nah, it's too powerful It's too big of a deal for now anyway thinking of a big deal Universal pictures and AMC theaters have agreed to reduce the 90-day exclusive theatrical window for some movies The multi-year agreement will let universal rent not sell Digital copies of its movies to customers for around 20 bucks. They can't rent them cheap It's gonna be an expensive rental, but they can do it 17 days after the movie first appears in theaters Right now the theaters are very insistent that you don't get to do anything with the movie But show it in a theater for the first 90 days So this is a huge concession on the part of AMC theaters in return AMC will get a share of the digital revenue of some sort. We don't know what the details are It may be just getting to rent out the movie on its own lines online service AMC theaters has a video on demand service on its website where you can rent movies So it may may be that they they get to keep all the money of it there or something like that We don't know it is expected though that major blockbusters like Jurassic World comes out of universal We'll still have the 90-day theatrical run that this isn't gonna make every movie show up for rental 17 days after it premieres in the theaters. It's more for mid-tier movies comedies independence stuff like that Not that universal is independent, but they have smaller indie-like films Not all theaters are going to play along though. Cineworld has already told deadline We do not see any business sense in this model now That may be them saying we want to stake out a tough bargaining position ahead of agreeing on this But it is going to be interesting to see what other theaters do in reaction to this and interesting to see what other Studios like Disney and Sony do in reaction to this I'm not trying to read to into this, but it seems to me This is universal decided to kind of against the wishes of their friends at AMC Put the movie trolls out early and in a similar model. It was a you know a fairly steep price, but it was Your honor, I would I think that's a mischaracterization I think they the theater was okay with them putting trolls out I think I think that when they said that was going to be a precedent is when the theaters got upset, right? Okay, so that's a good point, but my point is is deeper than that the subtext to me is That went really well for them They made a bunch of money on that movie as a first run straight to digital Let's go kind of experience and it was a big movie for families that everybody could watch together And a whole bunch of people watched it. So I think this shifting around is them going Yeah, there probably is some money in the short term anyway if we reduce the days and we put them out for a Premium and we get a cut of it. Like why wouldn't they want a part of that? It's that or you just start watching studios figure out other ways to work around AMC's wishes. So I think that's why they're on board I know a lot of people are like well But you know the only reason that you know the movies like trolls as you mentioned Scott did well Is because everybody was stuck at home and nobody had any choice and that's true except that as as it has been with lots of things that people have discovered during shelter-in-place times that were in some things aren't just going to go back to normal and The movie theater box office business as it was before is not going to go back to normal either because people are going to be like you know what it was actually like way easier to run the movie and In order to kind of keep the ball rolling This makes sense to me the AMC is like we just got to do it You know we got to roll over on this a little bit because it's just we Nobody's really on our side at this point and frankly no one's going to movies anyway So you know it's it's it's gonna be a bit of a process to sort of get that momentum back up as it is for all of the theaters I think AMC said look we're not gonna have as many screens We're not gonna be able to show your movies as much and Universal said exactly So we can either come to an arrangement where you get a cut of those movies that aren't gonna be on your screens because you don't have as many screens Or you can just lose out and and that that is an essential bargaining position for AMC to say fine We'll agree to a shorter window for some of your movies That we wouldn't be able to show anyway because we can't fit them because we've got theaters going out of business How are they gonna decide what the major blockbusters are that still have the 90-day theater right? Where's that line right? It's not sort of like Jurassic World will not be but yeah What what where's the underline that says we expect less than 200 million? Is it 100? Exactly like what are the analysts predicts for you know worldwide box office gross animated movies about trolls There's your line All right next up Bloomberg and Reuters sources tell Google or sorry report Google and Samsung are discussing a revenue sharing deal They would see Samsung prioritize the play store and Google assistant over Samsung's own app store and their own Google or their own assistant called big Spee Samsung has resisted this in the past But may be more receptive to its smartphone sales because there's most smartphone sales are in decline as it seeks other ways to monetize It's market share so no more a big speed only world for them Maybe maybe they're on to the mainstream and maybe maybe it's anti competitive in today's environment Well, it hasn't been a big speed only world They've always had Google assistant But they just prioritized a big speed in the interface and then telling you everything that they had available This would be a huge shift for Samsung to tell you to use Google assistant when big speed still on the phone It would be an admission that Bixby is over. It would be a even bigger shift for Samsung to say yeah, go use the play store It's fine. You know our store was always kind of a silly thing and and I think that You could accuse Google of abusing its market dominance if you can get Samsung To shift to promoting your stuff on your platform Android Because they just need the money Yeah, Bixby Bixby, I mean it it it makes sense that Samsung would be like, okay, you know, let's let's let's figure out a deal here But yeah, given given the timing of all of this it is It's somewhat curious This is perhaps curious to you turns out they've been working on it for a few years Kodak has obtained a 765 million dollar loan to expand its production of ingredients needed to make generic drugs used to fight COVID-19 a new division called Kodak pharmaceuticals will take three to four years to reach large-scale production Kodak filed for chapter 11 bankruptcy in 2012 and shifted its focus from photography to printing and professional services But Kodak begin making drug ingredients back in 2016 something I did not know Yeah, so that was something I just learned today, too that they had already begun making these drug ingredients It makes perfect sense to me though That we would see a company who specialized in film Which means they specialized in making chemicals for developing film for creating film Look at a declining film market and go well We got all this equipment that that makes all this stuff What else can we do with it and one of the right ended up being able to do with it was pharmaceuticals and now At a time when the United States wants to shift more pharmaceutical production domestically because they're worried about world trade Kodak stepping up and say yeah, we'll take a loan We'll take a 765 million dollar loan and expand that part of our business because that's a way to keep us in business Yeah, I you blew my mind today when you mentioned the chemical connection because it just to me it wasn't making any sense I'm like how do you go from cameras to this because in my head it was more about cameras than film It wasn't about their decades and decades of film development and innovation in the space of Chemicals that make your film develop and to me they were more like oh no They make cameras and they made digital cameras for a while But then it all went away and everyone thought they were gone or whatever and now suddenly they're making drugs It seemed crazy. It's only right like think about the not only the expertise involved, but you know Production and and and capability and whoever's running the thing They've got experience in making chemicals that do what people need so what is that if not drugs? So yeah, it makes sense now, but before today. I was like head scratching on this one. It's crazy I know that headquarters or Rochester, New York I have not been there, but I would assume there's an ample amount of warehouse space as well Especially if something like this is gonna take three to four years to get to large-scale production I mean you've got you've yeah, you've got the space. You've probably got a lot of folks in an area where there might be unemployment, you know Big unemployment numbers and this is it's an interesting it's an interesting thing to do. It's uh, you know, why not Kodak? Yeah, this is my I mean when I was growing up my dad had his own a light room He built it in our house and he would do all his photos manually and he also did a lot of slides and stuff Which were terrible, but anyway forget about slides for a minute But the actual like film developing I just will always remember walking past that room and there was a certain smell to it It had a certain chemical Quality to everything when that door would open I would go in there and you'd see the Telltale yellow logo everywhere because every box he had seemed like it was made at Kodak And so I don't know this one also pinched some nostalgic nerves and I just I don't know Maybe I'll get a bottle of ibuprofen in my in my medicine cabinet one day That's got a big yellow Kodak name on it and then we can all laugh again. Oh wouldn't that be nice I remember the days where you know you get a roll of film and it's like if it was it was 36 rather than 24 You were like, yes, I got 12 more photos and one canister, you know, and that was back That was back when a Kodak moment didn't mean popping a pill, right, right, yeah I'm gonna go. I'm gonna go see Kodak now. Oh, I'm seeing the true colors And they're Kodak chrome Folks if you want to get all the tech headlines each day at about five minutes and keep up on tech news efficiently subscribe to daily tech headlines comm The US House antitrust subcommittee called Amazon CEO Jeff Bezos Apple CEO Tim Cook Facebook CEO Mark Zuckerberg and alphabet and Google CEO Sundar Pachai to assemble like the Avengers to discuss their market power Which Congress like Thanos would like to snap its fingers and make 50 percent smaller In opening statements Google's Pachai argued that Google exists in a highly competitive market that benefits the average American Amazon's Bezos emphasized job creation and supporting small business Apple's Tim Cook claimed Apple does not have dominant market share and has benefited more developers by opening the gates of its app store Wider if I'm a gatekeeper then I've made the gates more open That's actually what he said and Facebook's Zuckerberg said it had more to do with fighting It had more to do fighting disinformation and argued Facebook has made products. It has acquired better and safer So how did Congress react did they go? Oh, those are great arguments. I guess we have nothing to talk about No, they talked for three and a half hours. And in fact, they are still talking right at the second They've been grilling Facebook about buying competitors to stop them from competing In fact, they had some some pretty headline grabbing emails about Mark Zuckerberg talking about needing to buy Instagram to eliminate it as a competitor that it was urgent the verge has published those emails now There was also some questions to Facebook about suppressing conservative voices Although on a couple of occasions they asked Facebook about why Twitter Was getting rid of of certain accounts and Facebook just said well, we didn't do that So I can't tell you about that They talked to Google about favoring its own products in search And as well as suppressing conservative voices Accusing them of delisting or or or pushing down in the search results conservative websites They mostly had talked to Apple about the app store and and whether they were, you know abusing their dominance by Being the only one that had an app store on the iOS platform And being the only way that you could pay for things in the app store and with amazon They talked about driving out competitors About becoming a dominant retail business. They talked about driving small business office platform There was some some audio played from a an amazon Affiliate who said that they got driven out by amazon And accused amazon of boosting its own products And and looking at and even like promoting counterfeit products in order to drive competitors out so they could replace them all in all It's been a very long more than three hours almost four hours now Of theater, don't you agree? I mean, I I this is a game that was already going on We knew they were investing Investigating these companies none of the issues they've brought up today seem new to me There's a there's a little bit of you know interestingness with the with the Facebook emails being made public But those emails still read to me like a company that that is is working hard to compete In the marketplace and whether or not they show anti competitive behavior I don't think was determined Uh in these hearings today, and I don't think it's expected by any of the participants that they will This is this is a way to get in front of the cameras and try to sway some public opinion Either to not be so mad at your company or to vote for you in the next election Yeah, I I watching the hearing. I mean besides that, you know Members of congress bickering amongst themselves before anything even got started Um The the the sort of like okay, you've got your opening statements from from the ceo's and they're all very dramatic and you know You know to heart string Pulling and that's fine. It's you'd expect nothing less. Uh, but then You know as questions are are pointed toward uh toward each gentleman in this case It's funny how there'll be a question and then you get the ceo being like Hmm very good question Let me answer that real slow because I want your your minute to run out You know, and then you know, you've got the you know congressperson being flustered and sir, please I only have a little bit of time Let me finish your question for you because I think I'm trying to catch you in some sort of a lie And it's like not working One of the things that stuck out to me was somebody asked uh mark zuckerberg You know back in the day you had a lot of social networks that you were competing with and None of those social networks are competitors of yours anymore And you know, let's talk about that shall we and he was like well But we have lots of different competitors now Your facebook is the social network, but there are a lot of other New and emerging technologies Called you know tiktok look at tiktok for example I mean facebook wants people who are creators on tiktok to hang out on facebook to bring people to facebook so And he has a point. I mean you can't argue that facebook is any smaller than it is. I mean it's huge. It's it's crazy I mean Zuckerberg is going to do his best and you kind of snicker at it a little bit But it is true that the company continues to have competitors It's not weird that the company would be interested in what the public is interested in You know and he was pretty upfront about that. He was like Yeah, I mean It's not anti competitive of us to Want to be able to deliver a product that people like And if someone else is doing it then we're going to put rnd into figuring out how we could also do that too Yeah, I I guess my big takeaways are similar to yours. Um It's a naive thing to say. I I just wish public hearings meant more than just Getting in front of cameras and convincing Um Either in the case of the tech companies their consumers or in the case of the lawmakers their constituents That they're tough and cool or smart or whatever they that's there's not enough substance here for me to get excited about And it really bums me out tom made a comment earlier, which I agree with you're going to have more substantive change Or understanding or agreement or whatever behind the scenes in personal conversations and Lunch with you know one of these CEOs or having conversations with your congressperson in a different setting I get that But it bums me out like I just want I want more out of this I'm so tied to the tech world in so many ways and so to have these guys get up there And be questioned like this and have a lot of these questions Just be simply like the old fashioned 1950s Senate hearings where it's like sir, is it not true that you prepare And you just know where those questions are going to go and that means they're not going to go anywhere and The fact that it is kind of just a dog and pony show More of a muppet show to be honest the way it's running today Uh, I it really makes me sad just as it is an individual take on this It saddens me a bit because I just wish there was more substance to it and it was less of the Let's get all the common denominators to be on one side or another and it it was a good show It was a good show The real stuff happens in the court when they take them to court when they sue them That's where the real stuff happens. Uh, the one thing that that did catch my eye. I couldn't help myself I think it was a representative gets Who accused uh google and later later corrected himself and actually got the story right so kudos to representative gets But accused them of helping, uh, the chinese military while refusing to help the u.s military and i'm like, okay I there's some representatives who just make crazy stuff and it's it's not worth paying attention representative gets doesn't usually seem to be one of those So let me find out what he's talking about Schumann. Xi is a lead scientist or was in google's ai team Researched in beijing and co-authored a paper about new computer human interaction technology That's the subject here is it was a it was a google person working with chinese scientists on something that sounded like ai But it wasn't It was using statistical models to improve Target selection which sounds military, but doesn't have to be It could be used to improve app interaction as well, which is why google wanted to participate on it Also google or any u.s company having its scientists work with chinese scientists is common that itself is not a smoking gun Either there's a lot of collaboration happens among scientists there So the paper was a general research question that used existing statistical models on that It did not use ai or deep learning. However, it could be used to improve interaction with military applications specifically a chinese jet which we think it was used to improve and so That's what got joseph dunford then the chairman of the joints chiefs of staff upset is that venture Indirectly benefits the chinese military and creates a challenge for us in maintaining a competitive advantage And he said they shouldn't have worked on that even though the paper itself Wasn't destined for military use because it could be used for military and because it was done in china and would Be taken by the chinese to be used in whatever way they saw fit They saw it was uh, they thought it was a problem. So I don't know I just couldn't help myself to go down that rabbit hole and find out what the truth behind that accusation was I also just Go ahead Janks, um, I also yielded reminder of my time before we move on One of the things and I'm really not on anybody's side here The whole thing is as you said tom largely theater, but I I did get a small thrill every time Somebody would direct a question Let's say at tim kuk and say now. Don't you do it exactly this way? and and Gotcha, and he kind of goes no you misunderstand our business model completely And that's like oh Because really if both people understood the technology Equally, which is just not going to happen But if they did then there would be a conversation to be had or you wouldn't have made the accusation in the first place So it's uh, that's just you know, it's like when the joke falls flat Yeah, I'm gonna before we move on I'm going to pick my star of the game from congress I did this for a representative karen bass when they did the encryption hearings with apple She won my star of the game for for actually understanding encryption and and actually asking intelligent questions about them My star of the game this time goes to representative kelly armstrong of north dakota for understanding gdpr and privacy and asking Very well crafted And I thought pertinent questions on on compliance and privacy. So good job representative armstrong Well, many of you may have thoughts on the congressional hearing Or anything else that we talk about on the show and you know where you can have a good conversation about that in our Discord, which you can join by linking to a patreon account at patreon.com slash dtns What do we got in the mail bag? Oh tom, I'm glad you asked norm from visalia Wrote in and said I just wanted to thank you for the updates on the covid vaccines In fact, tom has been doing those pretty regularly knowing I can trust your research saves me time Looking into the latest status. Ah, thank you norm. Yeah, it's a little bit outside our normal purview But as I've said a few times I feel like it's important to to pass along that good news specifically focusing on the phase three trials Which are the ones closest to becoming vaccines that could be put into production or in some cases. They're already in production and used Uh on on the populace uh to to help protect us. So thank you norm I'm glad to hear that And shout out to patrons that are master and grand master levels including jeff wilkes, sonia vining and ruchan brantley Also, thanks to One scott johnson a man. I hope we'll never have to sit before congress Oh, man. He does. I hope he has a good time. Yeah Well, if I do hopefully that means big things are happening that well, it could be bad things. Anyway Uh, yeah, thank you It's always good to be on and I wanted to just make a one more quick point out because by the time we have another episode of Dts that I am on which would be next wednesday We will be out of time, but right now you've got some 50. What is it tom 48? What are we? What's the numbers? I don't have it in front of me anymore. Uh, it was 52 earlier today. Uh, so it's probably like 47 now Yeah, probably about 47 or something like that. Uh, if you use support dot current dot com You can support this This great new thing tom and I are doing the first episodes are already out because we unlocked it because of your support We've funded but we have other stuff we can unlock and we still have time to do it So go read up on it. Get the second episode right away I get more great content. Maybe there's even an extra episode in the future that you wouldn't get otherwise All of it's there laid out in plain english and translated all over the world except for the video That's me and tom talking Anyway, go check it out support dot current geek dot com and see what you're in for Thanks to everybody who supports this show directly on patreon. It's the best way to keep us independent to keep us moving keep us improving and Thank you to everybody who supports us. If you don't support us on patreon I'm just going to keep playing this congressional hearing that they in fact have used that power in ways that we need to root out That's not kind Congressman my testimony in the past and today All right, fine. Fine, but get over there and support us at patreon dot com slash dts And if you have thoughts our email address is a great way to share them with us the ur the url address is feedback at daily tech news show dot com You see what the hearings do to me we're live monday through friday at 4 30 p.m Eastern at 2030 utc and you can find out more at daily tech news show dot com slash live tomorrow the committee calls Justin robert young This show is part of the frog pants network get more at frog pants dot com I hope you have enjoyed this brover


Small drugs are amazing in a ton of ways, but they're also relatively limited.  Compare that to proteins. Remember the diversity and the stability, the details we had in protein structure. It's completely amazing in comparison. So, couldn't we try to design protein drugs? That would likely give us much more freedom, and if we have more freedom, I might be able to design something that is significantly more specific. Well, in a few cases we almost already did that, right? Remember those glycophorein helices in a membrane? When I told you that normally you had a glycine and then three other amino acids in the glycine, and if we carefully put the right polar site chains on those two helices, we could get them to stick together. Basically what I am doing here is that I'm designing a helix to stick together with something else that just happens to be a copy of the same helix, but it's the same principle. It's not a coincidence that I use that as an example, because that particular example is actually very important. Not the glycophorein system, but another system that you've heard of. Remember the tyrosine kinase receptors? Not the receptor on the inside, not the tyrosine kinase on the inside now, but that transmembrane helix. And do you remember that I told you that under some conditions they have to dimerize for the effect to happen, and either they dimerize too much or too little if there are mutants in these helices, and that can lead to severe disease, in particular tumor growth. Wouldn't it be amazing if I could somehow add another helix and start to influence this process? That's an old idea, and many researchers have tried it, most of them have failed historically. So the idea is that if our healthy helices here would be green, the transmembrane part. Normally you would have some sort of ligand appearing extracellularly that will drive the two extracellular domain here to dimerize. That causes the transmembrane region to form pairs, dimerize, and that leads to a signal on the inside. Then what happens is that the extracellular part here should let go or at least dissociate, leave each other again, and then the green helices should leave each other. But for some reason if there is now a mutant in the blue helices here, the blue helices will keep sticking together, or maybe not stick together at all from the start, and that is going to lead to errors on the signaling on the inside. The idea here is that if we could define a red intercepting peptide, that red helix could have higher affinity to the blue helix than other blue helices. And in that case I could stop that bad connection between two blue helices happening and stop the signaling and thereby stop the tumor growth. This is not science fiction. Bill de Grado actually did this some 15 years ago together with Joanna Slaski. And their idea was surprisingly simple. When it comes to helices, you've seen this. There are pretty much only two ways helices cross each other, right? We know that from the Protein Data Bank. We also have the GX3G motif from the like foreign helices I just showed you. So what they did is that they collected statistics from the PDB and grouped all pairs of helices in clusters based on how they pack against each other. Then they took those as templates, and for each of these templates like we have here, one of the two sequences will have to be my blue one. So I start by filling in the blue one. The other helix is free. Well, it's not completely free. I have to have a hydrophobic sequence so that it will insert. But then I try to optimize a hydrophobic sequence to get that to bind to the blue sequence.  The end result here is that they actually did find a bunch of helices that had dimerization effect on the blue ones. And what that means is that at least in theory this worked in their experiments and cell lines. You now have a helix where we can start to specifically interfere with the binding process and either prevent things from sticking together in the membrane or possibly even aid them to stick together more if we have to. This is a bit of science fiction for now, but it's not more science fiction that people are able to do this at least on a research basis. It's probably going to take a while before this is regularly used in industry. This discovery, if I recall correctly, was even sold off to a company, but I haven't seen them use it since. So who knows, it might have failed later on in clinical tests or so. But the concept of tailor-making designed proteins is something that's only starting to happen. I bet it's going to be super hot in the future.


Hey friends, today I'm gonna take you to a new store that sells Disney World props and memorabilia from the resorts and Inside the parks. This place is phenomenal. They actually have props that were in Pandora and actual like pieces of things that were used to decorate Galaxy's Edge and you can buy this stuff here and you can buy it online because they have a Facebook group that ships so Let's go do this the name of the establishment is forever vintage and surplus and they actually have a Facebook group like I said that ships smaller items and You can already see just from the outside I'm excited that right there is a headboard for the beds at Disney's pop century I think that is so awesome That's a headboard You can actually screw in the lights. That is Magnificent if I can carry this out of here. I would definitely buy it right now, but I really can't fit that on top of my car They also have a whole entire bin of the animal kingdom resort light fixtures. I Might want to get one of these only 15 bucks. These are the ones that are actually in the animal kingdom rooms. Oh, wow Look at all these mirrors from the different resorts Disney's Polynesian resort mirror Disney's wilderness lodge mirror These are really awesome, and they're not that expensive 45 dollars 25 dollars for the gigantic wilderness large one I've never understood why anybody would buy Actually one of the luggage carts from the resorts, but that's a contemporary one I would purchase that I don't know what I would do with it I would probably use it as a clothes hanger in a closet. That would be pretty nifty If you're fans of the Disney cruise line, we've got the Disney cruise line stateroom blankets And also the Disney cruise line lampshades. Those look really awesome. They have a whole bunch of them 45 dollars. That's pretty that's pretty amazing Take a look at these nifty pictures That was an actual Temporary exit sign for the Haunted Mansion when it was going through refurbishment And then you see the Liberty Tree Tavern right there. I don't know if I can show it to you I think that's really awesome. I mean, I love the Liberty Tree Tavern Look at this rug right here. That is from the world of Disney. I think that is amazing I would put this in my living room. I would definitely put that in my living room Some nifty resort items including the beach club resort Flounder pillows And then they have the shower curtains from the resorts. This is the beach club Shower curtains $50. This is really nifty because this is a shower curtain from the animal kingdom lodge That is so decorative That one's $75 but that's pretty rare to come by This is so awesome. This is a pirate's Room divider from Caribbean beach rooms and I love this thing. It's really awesome huge Absolutely huge $200 for this but that's like a one-of-a-kind piece I keep on saying stuff like that because it legitimately is if you don't know somebody This is the only way you can get it We got some nifty chairs from the Polynesian and probably the coolest thing I've seen so far Right here. These are props from inside disney's galaxies edge That is crazy, right? Like they'll actually show you Where they came from they'll give you a picture for authentication And I think that's amazing $325 to own A piece of history like that. I know Some people would be like, what would you do with this? I would tell all my friends These are also from galaxies edge. These are the gun racks that they have in the queue line for rise of the resistance And I think some other places I think that's interesting because they're actually bought from the u.s. Military There's also so much kitchenware in here. I can't even believe it. These are silverware from cinderella's Royal table I've never seen anything like that. They have literally plates and plates and plates Full of all of this stuff that was in the disney parks and resorts Also very interesting. These are the disney cruise line ocean air stools I like those. I've never been on a disney cruise line before so I thought that was kind of fascinating But take a look at these these are vein pods from the valley of mora and pandora What that's crazy. They actually light up too I've never seen anything like those before. Do they even sell these in the park? If you know, let me know I want to know in the comments because I'm kind of interested in getting one You can see here. We have the animal kingdom lodge chairs But that is a table from the pop century I like that a lot. Isn't that nifty? Oh, no not pop century all-star music resort Wow pretty fancy 95 dollars for that table. That's not a bad deal And those are the animal kingdom lights out front that they're selling for 15 Oh I get so excited This is from the disney yacht club Resort picture and it actually shows you where it was hanging above the sofa in the rooms Another cool resort rug right here. This is from all-stars the value resorts I don't know which one though, but I think that's an awesome little find Another nifty thing is disney's magic kingdom speedway props. These are from the speedway Probably before it went down for refurbishment I just think that's awesome for 12 dollars to own a little bit of a piece of a ride like that because that is history right there This is actually really cool. These are actually The signage that they use to advertise the t-shirts in the disney, you know Merchandise locations and like the emporium and stuff like that and they have some of your favorite Disney t-shirts and these are the ones that are hanging on the wall I don't know. I just think that is really cool I love how they have all of the merchandise racks here These are all Racks like with the mickey on them that they actually used to have in all the different stores and merchandise locations It's a little nifty thing Some of the change from star wars galaxy's edge That they actually have that was located all along the walls. I think that's interesting only 10 dollars Oh, I don't know about these keys, but that's pretty impressive if they were parts of the caribbean keys There is just so many nifty things here. Oh, look at this aerial shot of the contemporary picture That is cool and that looks old These are really nifty if you like the hollywood brown derby lounge They have the little hats that you can buy that they used to put in the cocktails only 50 cents You can get a whole bunch of them Or if you're like me and you buy a lot of mixed drinks, you just collect a lot of them That is a really nifty fine the starbucks Menu from inside the parks Wow, they're the fall ones I like that. That's awesome I'm actually kind of interested in getting the pumpkin spice one I know that sounds funny, but I don't even know whatever to do with it It's still just kind of cool I can literally just keep on pointing out stuff guys, but there are so many different things in here It actually blows my mind They have literally a plethora of disney cruise line chairs I can't even believe like they must have bought Tons of them. Look at how many cruise line chairs they are They have almost every single bed skirt for the resorts. They've got animal kingdom each club They've got special event mickey pillowcases. Look at that. Oh, this is from the disney cruise line Oh disney's old key west ones Everything and all of them have little hidden mickeys on them, which I think is a cool little tad to the mouse himself These are also really awesome because these are all light fixtures from disney. These are coronado spring light fixtures That's from the rooms at the port or leans And then all of these ones in the back some of them. We don't know where they're from But I like this. I especially like the port or leans one. That's really cool Here's the business card for forever vintage and surplus and look them up on facebook Because like I said, they do ship And they will take offers on certain big items that you don't see here that they have posted on their facebook page And now I am back home I want to show you what I actually picked up why I was at forever vintage Make sure you guys check them out. They're only open on saturdays So you should check out their facebook. They do sell stuff through there and ship But you want to see if it's worth it to make the saturday trip or not By looking at the stuff that they have on their facebook page, which actually makes things easier But this is what I picked up why I was there I left with one of the cool vein pods from pandora. Look at it. I got it plugged in It's all lit up.  I really like this It's perfect for my little coffee area And that's gonna do it for me.  Let me know what your favorite thing is and if you've ever bought anything from there Or what would you buy? That's a cool question actually because they always have new stuff The galaxy's edge props were pretty amazing It's just I don't know what you would do with them except for like if you were a big collector But I don't know about that big gigantic bulky thing just sitting in my kitchen I'm thinking it'll look that good, but it'd be awesome to have and to tell your friends So uh until next time Bye