WEBVTT 00:01.000 --> 00:03.000 What is your password? 00:04.000 --> 00:06.000 Your password has been accepted. 00:06.000 --> 00:08.000 Delta's share of Charlie. 00:08.000 --> 00:11.000 Seven, two, two. 00:30.000 --> 00:33.000 I'm bringing on a pioneering computerized ramp style. 00:34.000 --> 00:36.000 The world wide web. 00:38.000 --> 00:39.000 The world wide web. 00:42.000 --> 00:46.000 This is certainly going to horrify some of the people who are hitting their list and make it to this. 00:46.000 --> 00:50.000 From Tom and Taylor, the camera's architectures of human division. 00:50.000 --> 00:53.000 And he dedicated his architectures for human memory. 00:53.000 --> 00:55.000 Are you honestly going to stop him? 00:56.000 --> 00:59.000 Please like in the information and trust me. 00:59.000 --> 01:01.000 Work in the way. 01:01.000 --> 01:02.000 Well, insurance. 01:02.000 --> 01:04.000 That's what's the problem. 01:04.000 --> 01:11.000 We have a great number of highly educated people who know a great deal about very little. 01:15.000 --> 01:19.000 We're just going to horrify some of the people who are hitting their list and make it to this. 01:19.000 --> 01:23.000 The world wide web. 01:23.000 --> 01:25.000 The world wide web. 01:25.000 --> 01:27.000 The world wide web. 01:27.000 --> 01:29.000 The world wide web. 01:29.000 --> 01:33.000 The world wide web. 01:33.000 --> 01:35.000 The world wide web. 01:35.000 --> 01:37.000 The world wide web. 01:37.000 --> 01:39.000 The world wide web. 01:39.000 --> 01:41.000 The world wide web. 01:41.000 --> 01:43.000 The world wide web. 01:43.000 --> 01:45.000 The world wide web. 01:45.000 --> 01:47.000 The world wide web. 01:48.000 --> 01:51.000 The world wide web. 01:51.000 --> 01:53.000 The world wide web. 01:53.000 --> 01:56.000 The world wide web. 01:56.000 --> 01:59.000 The world wide web. 01:59.000 --> 02:02.000 The world wide web. 02:02.000 --> 02:05.000 The world wide web. 02:05.000 --> 02:07.000 The world wide web. 02:07.000 --> 02:10.000 The world wide web. 02:10.000 --> 02:13.000 The world wide web. 02:14.000 --> 02:16.000 The world wide web. 02:16.000 --> 02:24.320 The views are that information, so we've come full circle, but we've yet been stripped 02:24.320 --> 02:26.320 up still over there. 02:26.320 --> 02:52.320 [ Music ] 02:52.320 --> 03:14.880 We're 60 million dollars worth of airplay strapped to my ass, the next generation 03:14.880 --> 03:19.880 of radio content in my ears. 03:19.880 --> 03:24.880 I'd like to become flying you to the future. 03:26.250 --> 08:28.750 [ Music ] 08:30.880 --> 08:31.880 Hey, you know 08:31.880 --> 08:34.880 I really had no idea that it was that long 08:36.880 --> 08:38.880 I was going for something totally new 08:38.880 --> 08:41.880 On the mashup tip, kicking it off with 08:41.880 --> 08:43.880 For that kind of freaky intro 08:43.880 --> 08:45.880 From radio orphans, the worldwide web 08:45.880 --> 08:47.880 But this mashup is like, you know, 11 minutes long 08:47.880 --> 08:49.880 Didn't quite realize that 08:49.880 --> 08:51.880 Everybody walking a daily source code 08:51.880 --> 08:54.880 Episode number 722 coming you to you 08:54.880 --> 08:56.880 From the attic at the curry manner 08:56.880 --> 08:58.880 And the affluent suburb of Suri 08:58.880 --> 09:00.880 Known as Gilford, some call it a city 09:00.880 --> 09:03.880 I just want to continue to call it an affluent suburb 09:03.880 --> 09:05.880 Yeah, you know 09:05.880 --> 09:07.880 I kicked it off with that kind of mysterious bit 09:07.880 --> 09:10.880 Today because the news that I expected to come out 09:10.880 --> 09:12.880 And of course we've been talking about this for 09:12.880 --> 09:14.880 What three or four weeks now 09:14.880 --> 09:17.880 Now it's all over the BBC Radio 2 09:17.880 --> 09:18.880 How to Big Peace on it 09:18.880 --> 09:20.880 What do I hear crackling here? 09:20.880 --> 09:22.880 Do you hear crackling in the sound? 09:22.880 --> 09:25.880 Oh man, I still got to stabilize all this shit 09:25.880 --> 09:31.880 To the talking about the tax world-wide tax levy 09:31.880 --> 09:35.880 They want to put on to non-domassiled residents of the 09:35.880 --> 09:38.880 United Kingdom and my I got to tell you 09:38.880 --> 09:40.880 You know for those of you living in the UK 09:40.880 --> 09:44.880 I mean, wow, what a lot of misinformation is given out 09:44.880 --> 09:49.880 So I know I've discussed this to some detail 09:49.880 --> 09:52.880 I know agenda and on the daily source code 09:52.880 --> 09:55.880 But what's happening now is you can hear 09:55.880 --> 09:58.880 There's this complete hatred of rich foreigners who are living here 09:58.880 --> 10:02.880 And apparently not paying the same taxes as everyone else 10:02.880 --> 10:04.880 Let me just set you straight 10:04.880 --> 10:08.880 If you work here in the United Kingdom you have to pay taxes 10:08.880 --> 10:12.880 In the United Kingdom this has nothing to do with living 10:12.880 --> 10:16.880 And working here and paying taxes has nothing to do with living here 10:16.880 --> 10:20.880 And paying your council taxes or taxes on any other services or goods 10:20.880 --> 10:24.880 Of course this is only if you earn money in another country 10:24.880 --> 10:29.880 Where you typically would be taxed by the country that you made the money in 10:29.880 --> 10:33.880 The United Kingdom now wants to tax anyone who's living here 10:33.880 --> 10:38.880 Worldwide for those earnings or you can buy yourself 10:38.880 --> 10:43.880 You can buy your way out of it by paying 30,000 pounds a year 10:43.880 --> 10:46.880 So it is not I repeat not 10:46.880 --> 10:51.880 A law made to get those rich fuckers who are not paying their taxes here 10:51.880 --> 10:55.880 In fact this is the entire reason I'm going through a whole tax overhaul 10:55.880 --> 10:58.880 Because clearly we have an office here now 10:58.880 --> 11:00.880 I'm actually really working here 11:00.880 --> 11:02.880 I fly back and forth to California 11:02.880 --> 11:08.880 But it makes sense to pay at least some of my wages taxes on that here in this country 11:08.880 --> 11:10.880 And I'm happy to do it because I'm working here 11:10.880 --> 11:15.880 Of course I'll also be paid here which is which is the name difference 11:15.880 --> 11:20.880 Up until now it was the United States now if I wanted to bring that money in 11:20.880 --> 11:22.880 That I was paid in the United States 11:22.880 --> 11:25.880 I pay taxes on the US 11:25.880 --> 11:27.880 If I want to bring it in 11:27.880 --> 11:31.880 If it was sitting in my bank account for one second or longer 11:31.880 --> 11:34.880 I have to pay it and it actually has to be separated out 11:34.880 --> 11:38.880 It has to be very clear that there's interest that I made on that money 11:38.880 --> 11:40.880 That is taxable when you bring it into the United Kingdom 11:40.880 --> 11:44.880 So if I made after taxes a hundred thousand dollars 11:44.880 --> 11:46.880 I want to bring it into the United Kingdom 11:46.880 --> 11:52.880 I would have to pay I think four or five or tax over the four or five percent interest 11:52.880 --> 11:55.880 Or if I made more money with it then I'd pay tax over that 11:55.880 --> 12:00.880 So it's really the opposite of what people are thinking here 12:00.880 --> 12:05.880 It is actually the UK trying to stretch its tentacles out into other countries territory 12:05.880 --> 12:09.880 And start taking tax levies from money made in other countries 12:09.880 --> 12:12.880 Which of course I believe belongs in the country where the money was made 12:12.880 --> 12:15.880 Where it's spinning around in that economy 12:15.880 --> 12:17.880 No need to go into it any deeper than that 12:17.880 --> 12:23.880 Just that I'm very disappointed to hear the BBC distributing such incredible disinformation 12:24.880 --> 12:27.880 It was I woke up this morning right in early of course 12:27.880 --> 12:31.880 Whoops, sorry about that. You know I take out the trash myself here 12:31.880 --> 12:33.880 You didn't know that didn't you? 12:33.880 --> 12:36.880 And it has to be out by seven thirty otherwise you get screwed 12:36.880 --> 12:39.880 Because we're first on the list for some reason 12:39.880 --> 12:41.880 And I saw the 12:41.880 --> 12:43.880 The 12:43.880 --> 12:46.880 The missed outside I'm like oh man this is not going to be a good day 12:46.880 --> 12:51.880 And then I looked at my pilot whether report and said you know what 12:51.880 --> 12:56.880 Somewhere around noon it's going to clear up and it is now actually a little bit later than expected today for the show 12:56.880 --> 12:58.880 It's five past two 12:58.880 --> 13:01.880 Oh man another beautiful day 13:01.880 --> 13:04.880 Blue skies no clouds little bit of wind 13:04.880 --> 13:06.880 And once again instead of flying 13:06.880 --> 13:09.880 I'm here seconded off with you guys 13:09.880 --> 13:11.880 Adam you're always talking about the weather 13:11.880 --> 13:13.880 How much you like blue skies you don't talk 13:13.880 --> 13:16.880 You don't like anything but blue sky 13:16.880 --> 13:18.880 You don't like talking about snow 13:18.880 --> 13:20.880 You know it's the weather's always crappy 13:20.880 --> 13:22.880 There's great skies and whatever 13:22.880 --> 13:24.880 Why don't you just move the California? 13:24.880 --> 13:26.880 Seriously man 13:26.880 --> 13:30.880 You should you think it was beautiful on Friday you should see it here 13:30.880 --> 13:33.880 Fifty nine sixty it's going to be mid sixty today 13:33.880 --> 13:36.880 The like sixty five it's beautiful man 13:36.880 --> 13:38.880 It's been in London for like weather 13:38.880 --> 13:41.880 Move to where they have weather five 13:41.880 --> 13:42.880 I did 13:42.880 --> 13:45.880 I appreciate thought but obviously we didn't move here for the weather 13:46.880 --> 13:52.880 We moved here because we wanted to be here in a different life different lifestyle different type of people different humor 13:52.880 --> 13:56.880 A huge sense of irony all things that we love entirely 13:56.880 --> 13:59.880 Now I don't think we would ever have considered moving here for the weather 13:59.880 --> 14:02.880 But that of course makes it that much more extra special 14:02.880 --> 14:05.880 When you look at the weather and it's absolutely beautiful 14:05.880 --> 14:06.880 Comic strip 14:06.880 --> 14:10.880 Comic strip 14:10.880 --> 14:13.880 Comic strip 14:14.880 --> 14:16.880 Comic strip 14:16.880 --> 14:17.880 Comic strip 14:17.880 --> 14:20.880 Checking in from the mobile conference in Barcelona 14:20.880 --> 14:23.880 It is our EU correspondent the one and only comic strip blogger 14:23.880 --> 14:25.880 We'll start this 14:25.880 --> 14:26.880 I don't know 14:26.880 --> 14:29.880 You're from Barcelona, I beat you 14:29.880 --> 14:32.880 Do you remember that Queen song by us alone 14:32.880 --> 14:33.880 Of course I did 14:33.880 --> 14:35.880 It feels this way here 14:35.880 --> 14:36.880 So 14:36.880 --> 14:38.880 EU news 14:38.880 --> 14:42.880 The fringe fuckers have a budget deficit or in other words 14:42.880 --> 14:45.880 I printing much too much Euro money 14:45.880 --> 14:47.880 What weekends the whole currency 14:47.880 --> 14:50.880 And pieces of solid Eurozone countries 14:50.880 --> 14:53.880 Anyways here in Barcelona 14:53.880 --> 14:56.880 But mobile where at congress 2008 14:56.880 --> 15:00.880 Formerly known as 3GSM takes place 15:00.880 --> 15:02.880 And now also 15:02.880 --> 15:06.880 Summer weeks and turns to the dark side 15:06.880 --> 15:08.880 It means Windows Mobile 15:08.880 --> 15:13.880 While only Nokia remains resistant 15:13.880 --> 15:16.880 To the appeal of the dark side 15:16.880 --> 15:20.880 And shows more as 60 phones 15:20.880 --> 15:22.880 Powered by Symbian 15:22.880 --> 15:26.880 And this time additionally with mobile TV in standard DVBH 15:26.880 --> 15:27.880 So 15:27.880 --> 15:28.880 Adios 15:28.880 --> 15:30.880 Muchacho peludo 15:30.880 --> 15:31.880 You know 15:31.880 --> 15:33.880 Yeah, that is kind of interesting 15:33.880 --> 15:35.880 I've been following that that 15:35.880 --> 15:38.880 Basically Windows Mobile is a huge operating system 15:38.880 --> 15:40.880 For smartphones and mobile devices 15:40.880 --> 15:43.880 And I guess it was a report that I read recently 15:43.880 --> 15:47.880 That talked about getting all that crap again 15:47.880 --> 15:48.880 Just static 15:48.880 --> 15:50.880 I don't know if you guys can hear that 15:50.880 --> 15:52.880 When I listen back to the show 15:52.880 --> 15:56.880 If you can't hear it, I'll never talk about it again 15:56.880 --> 15:58.880 So apparently 15:58.880 --> 16:01.880 Nokia is licensing so much from Microsoft 16:01.880 --> 16:03.880 Including their Windows media player 16:03.880 --> 16:05.880 Technology 16:05.880 --> 16:08.880 I don't know some other bits and bobs 16:08.880 --> 16:11.880 People are actually questioning why they don't just take a full on 16:11.880 --> 16:14.880 Windows media mobile license 16:14.880 --> 16:15.880 And put that on to their phones 16:15.880 --> 16:18.880 And of course they've made a huge investment in Symbian 16:18.880 --> 16:20.880 So it's kind of interesting to watch 16:20.880 --> 16:22.880 They have to strap on all these different bits and bobs 16:22.880 --> 16:24.880 To make it compatible with the mainstream 16:24.880 --> 16:26.880 Of course the one thing everyone really wants 16:26.880 --> 16:28.880 Is quick time 16:28.880 --> 16:32.880 Which I don't think Apple licenses that to third parties 16:32.880 --> 16:34.880 I could be wrong 16:34.880 --> 16:37.880 But it certainly doesn't seem like people are integrating that 16:37.880 --> 16:39.880 So comic strip blogger I'm sure you're checking with more 16:39.880 --> 16:41.880 Speaking of cell phones 16:41.880 --> 16:44.880 I got a call about a week ago 16:44.880 --> 16:49.880 Someone asked me to look into the headphone jack of my previously submerged iPhone 16:49.880 --> 16:51.880 Apparently there's a little sensor in there 16:51.880 --> 16:55.880 That turns a different color when the phone has met with moisture 16:56.880 --> 16:59.880 I couldn't quite tell looking into my hole 16:59.880 --> 17:01.880 But some other people know about the hole 17:01.880 --> 17:05.880 Hey Adam it's Jack the podcast are formerly known as Jack 17:05.880 --> 17:07.880 And now working in the wireless industry 17:07.880 --> 17:12.880 So just to clarify there are in all cell phones 17:12.880 --> 17:14.880 A moisture indicator 17:14.880 --> 17:17.880 Just typically a square or round little patch 17:17.880 --> 17:19.880 Usually in the battery compartment 17:19.880 --> 17:21.880 Which typically turns red 17:21.880 --> 17:24.880 When the phone has been exposed to moisture 17:24.880 --> 17:26.880 It doesn't have to be a dunk in the water 17:26.880 --> 17:28.880 It could be you keep it in your waste band when you go jogging 17:28.880 --> 17:30.880 And the perspiration has gotten in there 17:30.880 --> 17:32.880 But we'll void the warranty 17:32.880 --> 17:35.880 And typically causes the things to get completely food bar 17:35.880 --> 17:40.880 So if you're sweating that much that it's filling up the hole on your iPhone 17:40.880 --> 17:42.880 I think you got other problems other than 17:42.880 --> 17:44.880 Discolleration of a sensor 17:44.880 --> 17:45.880 I do have that 17:45.880 --> 17:48.880 And the voice of experience as I know 17:49.880 --> 17:52.880 And have been for some time working in the industry 17:52.880 --> 17:55.880 Oh, male 48 middle-class 17:55.880 --> 17:59.880 Living on the beautiful suncoats west side of Florida 17:59.880 --> 18:01.880 And hey, love you me and it great hair 18:01.880 --> 18:02.880 Hope you win 18:02.880 --> 18:04.880 Alright man, thank you. Love you me and the homo 18:04.880 --> 18:07.880 Yeah, so I'm getting my Nokia E61 18:07.880 --> 18:10.880 I hear opening up the battery compartment 18:10.880 --> 18:13.880 I had licked the oh look at that 18:13.880 --> 18:15.880 Well low and behold 18:15.880 --> 18:17.880 There were a couple episodes ago 18:17.880 --> 18:20.880 I licked what I thought might be the indicator strip 18:20.880 --> 18:23.880 Well my licked has paid off 18:23.880 --> 18:25.880 Because it is now a 18:25.880 --> 18:27.880 Let's say it's like a shade of pink 18:27.880 --> 18:29.880 Kind of pinkish reddish and some spots 18:29.880 --> 18:31.880 I only just licked it lightly 18:31.880 --> 18:34.880 I mean, I'm not a real phone snogger 18:34.880 --> 18:36.880 But I guess you're right 18:36.880 --> 18:37.880 I didn't know that. Interesting 18:37.880 --> 18:39.880 So if your phone meets with water 18:39.880 --> 18:41.880 There's no way you can fool them 18:41.880 --> 18:42.880 Oh, we learned something here 18:42.880 --> 18:44.880 That's interesting. Of course, now I can't get my 18:44.880 --> 18:46.880 There we go, get my phone back together 18:46.880 --> 18:48.880 Ah, there we go. That's all good 18:48.880 --> 18:50.880 Thanks man, really appreciate that 18:50.880 --> 18:52.880 Of course, so we had 18:52.880 --> 18:55.880 I had a chucklehead chucklehead 18:55.880 --> 18:56.880 That's a new one 18:56.880 --> 18:58.880 A Charlie and a chuckle chucklehead 18:58.880 --> 19:02.880 We had a chucklehead a listener of the show 19:02.880 --> 19:04.880 Call in that he was having flash problems 19:04.880 --> 19:06.880 With his internet tablet 19:06.880 --> 19:09.880 And I asked him to give me a little more proper report 19:09.880 --> 19:11.880 As to what his problems were 19:12.880 --> 19:15.880 I can basically help you fix anything 19:15.880 --> 19:17.880 On your computer, on your cell phone 19:17.880 --> 19:19.880 I'm really good at it 19:19.880 --> 19:21.880 But when people just say, that doesn't work 19:21.880 --> 19:23.880 Don't tell me what kind of cell phone 19:23.880 --> 19:25.880 I need all kinds of information 19:25.880 --> 19:28.880 What you expected to happen, what actually did happen 19:28.880 --> 19:30.880 You know, send it in any time 19:30.880 --> 19:32.880 So he came back and here's the redux of the flash problems 19:32.880 --> 19:34.880 On what turns out to be the 19:34.880 --> 19:37.880 And 800 with the new OS 2008 19:37.880 --> 19:39.880 This is a real gear head moment 19:39.880 --> 19:40.880 What's cool about us? 19:40.880 --> 19:42.880 We also have a solution for one of the chuckleheads 19:42.880 --> 19:44.880 Adam, Chris and Levittown 19:44.880 --> 19:45.880 With the internet tablet 19:45.880 --> 19:46.880 Flash was working 19:46.880 --> 19:48.880 From running at 800 19:48.880 --> 19:49.880 I don't want you to new camera on the 19:49.880 --> 19:50.880 At 810 19:50.880 --> 19:52.880 Like a lack of a memory card slot 19:52.880 --> 19:53.880 So I got to 800 19:53.880 --> 19:54.880 So it was half the price 19:54.880 --> 19:56.880 I am running the latest software 19:56.880 --> 19:57.880 OS 2008 19:57.880 --> 19:59.880 I just updated it 19:59.880 --> 20:00.880 3 or 4 weeks ago 20:00.880 --> 20:01.880 When I got the tablet 20:01.880 --> 20:03.880 Flash was working 20:03.880 --> 20:05.880 Little slow little choppy could work 20:05.880 --> 20:07.880 And then I started my PC 20:07.880 --> 20:08.880 All the site stopped working 20:08.880 --> 20:10.880 And I had to download the update 20:10.880 --> 20:12.880 So I checked the tablet 20:12.880 --> 20:13.880 And it too stopped working 20:13.880 --> 20:14.880 So I had to get an update 20:14.880 --> 20:16.880 I think this is when they went to the 8264 20:16.880 --> 20:18.880 Flash update for a flash 9 20:18.880 --> 20:19.880 Or whatever it was 20:19.880 --> 20:22.880 So how do I have to apply some of the tablet 20:22.880 --> 20:24.880 It's just a normal upgrade process 20:24.880 --> 20:26.880 And my version is more comfortable now 20:26.880 --> 20:28.880 But I have the latest version of OS 2008 20:28.880 --> 20:31.880 So I don't know how to work around that 20:31.880 --> 20:32.880 Bye 20:32.880 --> 20:33.880 Alright Chris from Levittown 20:33.880 --> 20:35.880 So I got an answer for you man 20:35.880 --> 20:37.880 And it seems to be relatively simple 20:37.880 --> 20:39.880 I'm not hearing all of that 20:39.880 --> 20:40.880 I'm thinking well you know 20:40.880 --> 20:41.880 It could be a couple of things 20:41.880 --> 20:44.880 But if he's got the flash may not perform as well 20:44.880 --> 20:47.880 On the 800 as it does on the 800 and 10 20:47.880 --> 20:50.880 Which of course you can purchase at a 15% discount 20:50.880 --> 20:52.880 From podshowoffers.com 20:52.880 --> 20:53.880 Slash N80010 20:53.880 --> 20:54.880 Use my checkout code 20:54.880 --> 20:57.880 Daily source code for that 15% discount 20:57.880 --> 21:00.880 But of course it could also be something out 21:00.880 --> 21:02.880 Something much simpler 21:02.880 --> 21:04.880 Edom is rolling from dot compass 21:04.880 --> 21:08.880 You all guy who had the issue with the Nokia N810 21:08.880 --> 21:14.880 On show 720 saying that the flash didn't work anymore 21:14.880 --> 21:17.880 I found this on my N810 21:17.880 --> 21:20.880 And if you 21:20.880 --> 21:23.880 Every now and again for some odd reason 21:23.880 --> 21:25.880 It decides to disable the plugins 21:25.880 --> 21:27.880 Now to enable the plugins 21:27.880 --> 21:29.880 You need to open up the browser 21:30.880 --> 21:32.880 Click on the little icon on the bottom 21:32.880 --> 21:34.880 Right hand side 21:34.880 --> 21:35.880 Select 21:35.880 --> 21:36.880 I think it's plugins or add-ons 21:36.880 --> 21:39.880 I can't remember I've not got to open something here 21:39.880 --> 21:42.880 And you go through an N9Able 21:42.880 --> 21:44.880 Which ever plugins that you want 21:44.880 --> 21:46.880 The most important one being flash 21:46.880 --> 21:47.880 And then he's got it 21:47.880 --> 21:49.880 Anyway, thanks a lot 21:49.880 --> 21:50.880 Yes 21:50.880 --> 21:52.880 Mail 21:52.880 --> 21:54.880 37 21:54.880 --> 21:56.880 Bold 21:56.880 --> 21:58.880 London 21:58.880 --> 22:00.880 Great hair 22:00.880 --> 22:02.880 Thank you 22:02.880 --> 22:03.880 Thank you very much 22:03.880 --> 22:04.880 I appreciate it 22:04.880 --> 22:05.880 You know I think that could actually 22:05.880 --> 22:07.880 Could be the fix and look at that 22:07.880 --> 22:09.880 It came up on episode number 720 22:09.880 --> 22:12.880 We're taking care of it in episode number 720 22:12.880 --> 22:13.880 I'm sorry 22:13.880 --> 22:15.880 It doesn't get much better than that 22:15.880 --> 22:16.880 You know what I'm saying? 22:16.880 --> 22:17.880 At your service 22:19.880 --> 22:20.880 Daily source code 22:20.880 --> 22:23.880 On Tuesday February 12 with Mike Erika 22:23.880 --> 22:28.880 Screaming like a stone 22:28.880 --> 22:30.880 Over the surveillance 22:30.880 --> 25:31.880 [ Music ] 25:31.880 --> 25:55.280 music network track from 2006 you can find a link to that in the show notes for this program 25:55.280 --> 26:01.560 at DailySourceco.com for convenience crossposted to curry.com for your enjoyment. 26:01.640 --> 26:07.320 I do want to stay in the UK with a couple more stories just because the news seems to be coming 26:07.320 --> 26:13.800 out of the UK today. More about the Northern Rock Bay allowed. This is a huge lending bank mainly 26:13.800 --> 26:19.800 for mortgages that was hit severely by the subprime crisis although the whole, you know, 26:19.800 --> 26:26.600 this whole shabang has been, I believe, kind of swept underneath the rug by a quick 24 billion 26:26.680 --> 26:34.120 pound that's almost a 50 billion dollar guarantee by the Bank of England. In addition to the 26:34.120 --> 26:39.560 deposits being secured, of course this is a very complicated issue and it absolutely has to do 26:39.560 --> 26:44.440 with a global credit crisis and I got two actually I have one audio comment I'm going to play 26:44.440 --> 26:48.680 for your first and then I have what I will just maybe a new financial savant who's checked in 26:48.680 --> 26:52.280 with some real information about how all this stuff works, how all this stuff works. 26:52.920 --> 26:59.080 I first, a bit of history on this Bank Northern Rock located in the north of the United 26:59.080 --> 27:04.120 Kingdom. Hi Adam, it's a clinic Jones from right now I'm in the middle of the Worcester, 27:04.120 --> 27:11.400 no I'm in the middle of Swindering, Wilchester. Northern Rock is to be a mutual building society 27:11.400 --> 27:15.880 it used to be owned by the depositors and the borrowers but those are really 27:15.880 --> 27:22.600 total greedy fuckets voted to be mutualised in Northern Rock building society to turn it in. 27:22.600 --> 27:28.840 Don't hold back man, I love that. So a company and then they became shareholders as opposed to 27:30.040 --> 27:36.840 actual owners of the company. So they they've voted themselves to become shareholders because 27:36.840 --> 27:43.480 they want to deliver and greed. I got no sympathy with them, they put themselves in 27:43.480 --> 27:48.760 that position. Wilchester, it's like I want my 50 million pounds back please. Thanks. 27:48.760 --> 27:55.640 But I hear that my brother. For that tax that I don't have to pay that didn't actually go 27:55.640 --> 28:01.080 to bailout shareholders. Although there is a contrarian view, Aryan boss I presume from the 28:01.080 --> 28:06.360 Netherlands rights in Adam enjoyed your rant on the Northern Rock bailout on DSC 708. I have to say 28:06.360 --> 28:10.600 the way you tell it makes it sound about right, however you're wrong. And here's why. 28:11.560 --> 28:17.400 First of all, the money is not handed over to Northern Rock. It's a loan. So the tax payers will 28:17.400 --> 28:23.080 get it back with interest but that's not your point nor is it mine. I will just stand still 28:23.080 --> 28:28.680 by that for a second. Obviously it's a guarantee for the loans that Northern Rock has to pay. 28:30.520 --> 28:36.520 So it is at risk. It's not a riskless loan. The real issue though and here it comes as Aryan is 28:36.520 --> 28:42.840 settlement risk. This is interesting stuff. All financial institutions lend money to each other 28:42.840 --> 28:48.600 all of the time in all times of all types of currencies. Yes, I'm aware. This is a foreign exchange 28:48.600 --> 28:55.000 but mainly derivatives where I believe the big problem is coming from. That's me editorializing 28:55.000 --> 29:00.040 by the way, continuing with Aryan's words. They do this to either earn a few cents on money. They 29:00.040 --> 29:05.400 have temporarily available or to cover a temporary liquidity hole they might have. These periods 29:05.400 --> 29:10.840 can be very short. They can be as short as a few hours but mostly they are a few days. This money 29:10.840 --> 29:14.680 can go around the world in a day. In fact, they can go around the world several times in a day. 29:15.640 --> 29:20.200 This of course means that the whole financial sector is very much tied into each other. So what 29:20.200 --> 29:25.960 would happen if one party could not pay one of its day loans? The receiving end would be defaulting 29:25.960 --> 29:32.360 as well as to their creditors. This is why we in banking risk management would call a system. This is what 29:32.440 --> 29:38.040 we in banking risk management would call a system-wide failure. The most well known occurrence 29:38.040 --> 29:43.800 of this is the failure of a small German bank called Bunkhausherstadt to settle their Deutschmark payments. 29:46.040 --> 29:51.320 In a result, a whole chain effect of defaults rippled through the financial world because of 29:51.320 --> 29:55.240 this default and that he has a link to it actually. I guess I'll put that in the show now. So 29:55.240 --> 30:01.400 if Northern Rock would not have had that loan, it would not be able to settle their own outstandings 30:01.480 --> 30:05.720 and that would result in other financial institutions getting into trouble as well. It is nothing 30:05.720 --> 30:09.880 to do with shareholders, nothing to do with deposit holders, but everything with the stability 30:09.880 --> 30:16.280 of the financial sector and that is by the way exactly the remit of the FSA, the financial 30:16.280 --> 30:26.840 services authority and the government. Good point. So yes, the people who basically lent out our 30:26.840 --> 30:33.240 money here in the UK and of course this happens in its own way in the United States with the 30:33.240 --> 30:39.000 Federal Reserve and the Treasury printing up money and providing real low cost loans and all kinds 30:39.000 --> 30:45.880 of stuff to these commercial banks is to maintain financial stability. I totally buy that, but 30:45.880 --> 30:52.840 there has to be some kind of penalty for a commercial company who fucks up because that's what happened. 30:52.840 --> 30:58.680 They messed up. They didn't check the loans. They were writing and it's I'm sure they didn't 30:58.680 --> 31:04.440 check the assets backing different structured investment vehicles that were put on loan to them 31:04.440 --> 31:10.360 by other institutions. This is already cost $100 billion worldwide and it's going to go much 31:10.360 --> 31:15.480 much higher. So my question is should I just start a bank tomorrow and then just make money 31:15.480 --> 31:20.920 until fucking blows up because there's no risk. There's no downside risk for a commercial 31:21.000 --> 31:25.800 institution in this sector to go ahead and do whatever you want, try and skim it all off, 31:25.800 --> 31:30.360 try and make the money, forget about doing all the diligence and checking the background, 31:30.360 --> 31:35.800 just make it and if we blow up so what? In order to maintain financial stability, the government 31:35.800 --> 31:40.680 and other financial organizations will step in. Well, that obviously is a problem. 31:41.960 --> 31:48.200 So that has to be addressed. And Aryan, I would gladly gladly crown you a financial 31:48.200 --> 31:53.240 savant if if you wouldn't mind calling in, record something, man. Just calling on the voicemail 31:53.240 --> 32:01.560 lines. That would be be quite helpful. People sending me lots of email and interesting messages 32:01.560 --> 32:06.440 about civil disobedience in the United Kingdom. If we actually wanted to stand up and say, hey, 32:06.440 --> 32:12.840 we don't quite agree with what's going on here. The best idea so far is to create flash mobs 32:12.920 --> 32:18.520 with people wearing t-shirts that say, you work for us. I'm still really like in that idea. 32:19.880 --> 32:24.840 But it could be legal and that's a point of notice. I had them just quick when I'm 32:24.840 --> 32:30.680 protesting in the United States. It's against the rules of protesting the United Kingdom. It's there. 32:30.680 --> 32:37.960 I think it's three. Maybe five or more in your protest. Sully glad past that as one of 32:37.960 --> 32:42.920 his last pages of legislation under the anti-terrorism laws. Of course. If you want to 32:42.920 --> 32:48.200 probably tell us now, you have to get the permission of the full chief council. Cheers. 32:49.240 --> 32:53.480 Thanks, buddy. So you have to get permission of the police chief constable. 32:54.520 --> 32:59.400 I guess what he's going to say. Sure, go ahead. Great idea. Have your protest. Now, 33:00.040 --> 33:04.120 if you haven't seen it yet, please look at that awesome documentary taking liberties. It's 33:04.120 --> 33:09.960 still on the homepage of Curry.com where I blogged the first episode. It's well worth looking into. 33:11.080 --> 33:17.560 Because I guess you just don't have those simple liberties here in the United Kingdom. 33:17.560 --> 33:23.240 In Patricia and I had just astounded. We moved here because we thought this was like a cool place 33:23.240 --> 33:28.360 to be and now we're finding an out that it's in some ways more Snoop Dogg nation and surveillance 33:28.440 --> 33:41.480 state thing United States is. But, of course, the United States is also up to shenanigans and 33:41.480 --> 33:47.640 shenanigans that have to do with stuff that's going on here about putting marshals on flights 33:47.640 --> 33:52.840 from the United Kingdom. Air marshals, US air marshals. And for that, of course, they want a lot 33:52.840 --> 33:57.880 more information about the travelers. This, of course, is a new story that I talked about months ago. 33:57.960 --> 34:01.640 I guess for some reason now, it's popping to the top of the stack. And prolific program 34:01.640 --> 34:06.920 or has some thoughts on it. I got a prolific program here from San Francisco. 34:07.480 --> 34:12.360 President is still been news on the guy in this morning regarding mishibush wing to put 34:12.360 --> 34:19.800 I'm guys and all flights ever flying USS space. This is very disturbing to me because I do fly 34:19.800 --> 34:27.320 very frequently as do you. And I believe we have the same thing about the US 34:27.400 --> 34:33.960 new airport security rules. How long will it take them to realize that this is actually insane? 34:35.000 --> 34:46.440 And it's not going to make the name or secure. Anyway, 28th single. We're here, hope you win. 34:47.320 --> 34:54.520 Love you no more Chris. Thanks, P.P. Papa, Papa, prolific program are checking in with his opinions. 34:55.480 --> 34:58.840 Yeah, this is, this is really going to mess up travel where you will need at least seven 34:58.840 --> 35:03.480 days in advance before you can travel. So no more last minute, hop on the airplane. That'll 35:03.480 --> 35:08.920 fuck up my schedule for sure. And I believe this will even happen in the US. If you are going to 35:08.920 --> 35:14.840 overfly US airspace, regardless, the government wants you to be identified. And of course, this is 35:14.840 --> 35:19.720 a way to bring in the national ID card. And at least this country, at least the United States, 35:19.720 --> 35:27.240 and maybe other countries like this one as well. And it seems like oops, sorry. It seems like 35:27.240 --> 35:34.440 stuff is just going so fast. And I have, and I have back to way a little bit from conspiracy theory 35:34.440 --> 35:39.640 type stuff, you know. And now I'm just seeing, it's not a conspiracy. It's just structural. 35:42.840 --> 35:48.600 Oh, boy, what world were my child grow up in? You really got to ask yourself. For those of you 35:48.600 --> 35:55.720 using our pod show channels at podshow.com, I got to comment a couple of comments like this. 35:55.720 --> 36:00.600 And I did what I respond to it. So check this out. I had a little steep from Boston. I wonder if 36:00.600 --> 36:06.280 there's something called, Chad, that I'm going to call channel spam this morning. I've opened 36:06.280 --> 36:11.880 up my iPod. I'm a way to work. And I found something called the best of Loita, which is not 36:11.880 --> 36:17.160 showing up in any of my channels. And I'm sure I never asked for it to be in there. Anyway, it's 36:17.160 --> 36:25.160 entirely in German. So let me go. And there was some other show that just appeared out of nowhere. 36:25.160 --> 36:30.520 Strange thing that could happen. There are some other shows of mine that are completely not 36:30.520 --> 36:36.360 showing up in my iTunes. But I have everything in my channel set to go to iTunes. There's the 36:36.360 --> 36:41.160 presidential radio address. And I think I found that I want to view our channels. Have an 36:41.160 --> 36:46.920 ever seen a show on my iPod or my iTunes. And the New York Times, Washington report. I've 36:46.920 --> 36:51.400 never seen that one show up, even though they have some newer episodes of this opening. You 36:51.400 --> 36:57.080 could help me understand that, maybe. So that's all I have for you, Red Till. I'd like to see 36:57.080 --> 37:01.880 you get a haircut. I guess you just got one. And which racers are that you're hoping to win? 37:01.880 --> 37:04.200 Any ready for that? Anyway. The arms rise. 37:05.240 --> 37:08.920 Yeah, man. Thank you. Yeah. I got a pretty nifty haircut, by the way. I haven't touched my 37:09.000 --> 37:12.200 hair for the past four days. I wake up and it's just perfect. I love it. 37:13.640 --> 37:16.920 So we've been having some problems with our channels. And let me tell you what they are and what you 37:16.920 --> 37:25.720 can expect. So there's three types of, actually, I guess four types of media currently that you 37:25.720 --> 37:30.280 could have in a channel. It could be a single episode that is on the pod show network, a single 37:30.280 --> 37:38.040 episode that is from anywhere else on the internet. So a single MP3 or MP4 or any other type of video file. 37:39.080 --> 37:44.040 And then, of course, you can also subscribe to shows and then tell your channel how many 37:44.040 --> 37:49.160 episodes to surface of that channel, which is and also the order in which they come out, which is 37:49.160 --> 37:54.600 pretty cool. So there's two things you need to look at. If you put in your channel, if you 37:55.320 --> 38:01.240 see a daily source code as the first show and then you would have the New York Times, 38:01.240 --> 38:06.360 what is it? The Washington report as your second show and then you might have tech five as your third 38:06.440 --> 38:13.320 show. That's the order in which they will show up on in iTunes and subsequently on your iPod. 38:13.320 --> 38:20.200 So daily source code will be first regardless if it was released today or five weeks ago, 38:21.080 --> 38:25.800 that the most recent episode for that show will be at the top of your list. So that you can always 38:25.800 --> 38:29.480 play back the shows in the order that you'd like to play them back in, which is kind of cool. 38:29.480 --> 38:39.480 We've been having a problem with the updates of external shows into the channel. It's been 38:39.480 --> 38:47.800 sporadic and it appears that people who have older channels created a while ago on pod show 38:48.360 --> 38:54.040 have more problems. Anyway, there's been heads down lots of work on this. I believe they've 38:54.040 --> 39:01.080 actually decided to rewrite the entire 8,000 lines of code, which is not a lot that actually 39:01.080 --> 39:06.200 create this functionality. So sit tight. Don't change anything with your channel. All of a sudden 39:06.200 --> 39:11.320 it'll just start working on stuff. We'll start spouting through. Of course, I don't know where 39:11.320 --> 39:16.120 what you call the channel spam is coming through because that's essentially anyone could drop anything 39:16.120 --> 39:20.680 into a feed. So you might have been subscribed to a show in your channel that just decided to put a 39:20.680 --> 39:25.880 German show in. That's possible, but I don't know for sure. So I'll keep you updated on that. 39:25.880 --> 39:31.560 And of course, apologies that it's a little bit too large. Hey, this is a message for Adam Curry. 39:31.560 --> 39:35.480 Adam, this is Sherry Miller. You played me today. Actually, I'm Tadwalk, 39:35.480 --> 39:41.160 Pell just emailed me about it. And thank you so much. I really just want to thank you. I appreciate 39:41.160 --> 39:48.680 it a lot. I have a new record coming out. So it really helps to really help a lot. So I just want 39:48.680 --> 39:54.440 to extend that in person. Thank you. And hopefully we'll meet someday, really. All right, 39:54.440 --> 39:56.760 have a wonderful day. Thanks again so much. Bye. 39:58.750 --> 43:49.000 [ Music ] 43:49.000 --> 43:59.960 Oh, I'm going weary of my pain. 43:59.960 --> 44:05.720 Sharing Miller on the Podsame Music Network, the Blade. See how easy it is to get your song played on 44:05.720 --> 44:11.400 the daily source code. Just be a girl, be cute, send me a voice mail. That's how that's all it takes. 44:11.400 --> 44:16.360 And by the way, have a pretty decent collection of songs, please. Before I get out of here, 44:16.360 --> 44:20.760 one more thing because I've received at least 50 different emails about it. Forget all the other things 44:20.760 --> 44:28.280 I talked about. If this law goes into effect, then I gotta leave. This is a green paper over here in the UK. 44:28.280 --> 44:33.480 It's a draft law. It's the three strikes you're outlaw and here it comes under this proposal. 44:33.480 --> 44:38.360 UK internet users will be monitored by their ISPs for illegal downloads. 44:38.760 --> 44:43.800 Those caught will receive an email warning in the first instance. 44:43.800 --> 44:49.160 Internet suspension the second time and then terminate their contract on the third strike. 44:52.760 --> 44:59.480 Oh, man. What is the world coming to? Sure. Sure. And you're only going to be looking for illegal 44:59.480 --> 45:06.600 files, right? Not the web page as I surf too and not the email I receive. Yeah, I believe that. 45:06.600 --> 45:13.000 Hey, everybody. It's Adam and podshow.com and staleysourceco.com. Please live your life with 45:13.000 --> 45:20.760 passion and for as long as it laughs. That was a Freudian slip. As long as it lasts, enjoy your freedom. 45:20.760 --> 45:29.240 Another podshow podcast. Stick it in your ear.