--- title: From Person of the Year to Big Tech: Let’s Break Down Everything You Need To Know This Week | TIME description: The story behind Time’s Person of the Year, what Google’s testimony reveals about big tech, how the NBA draft class is leaving their mark on the 2018-2019 season, and what you need to know to meet your financial goals in the New Year. canonical: https://time.com/video/CTHhIi7Z/ og:title: From Person of the Year to Big Tech: Let’s Break Down Everything You Need To Know This Week og:description: The story behind Time’s Person of the Year, what Google’s testimony reveals about big tech, how the NBA draft class is leaving their mark on the 2018-2019 season, and what you need to know to meet your financial goals in the New Year. og:url: https://time.com/video/CTHhIi7Z/ og:image: https://cdn.jwplayer.com/v2/media/CTHhIi7Z/poster.jpg?width=720 og:type: video.other twitter:card: summary_large_image twitter:title: From Person of the Year to Big Tech: Let’s Break Down Everything You Need To Know This Week twitter:description: The story behind Time’s Person of the Year, what Google’s testimony reveals about big tech, how the NBA draft class is leaving their mark on the 2018-2019 season, and what you need to know to meet your financial goals in the New Year. twitter:image: https://cdn.jwplayer.com/v2/media/CTHhIi7Z/poster.jpg?width=720 --- # From Person of the Year to Big Tech: Let’s Break Down Everything You Need To Know This Week > Sponsored content. 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They are at time.com/newsletters and are separate from a paid subscription. ## Video: From Person of the Year to Big Tech: Let’s Break Down Everything You Need To Know This Week [Watch (HLS stream): From Person of the Year to Big Tech: Let’s Break Down Everything You Need To Know This Week](https://cdn.jwplayer.com/manifests/CTHhIi7Z.m3u8) (14:38)  _Published 2018-12-12. The story behind Time’s Person of the Year, what Google’s testimony reveals about big tech, how the NBA draft class is leaving their mark on the 2018-2019 season, and what you need to know to meet your financial goals in the New Year._ --- Jul 28, 2023 12:57 AM UTC --- ## More From This Series [All Videos](https://time.com/video/) [The Story Behind TIME’s 2018 Person of the Year ](/video/Pqlh5cQA/) ### The Story Behind TIME’s 2018 Person of the Year [From Tariffs to Tech: Let’s Break Down Everything You Need to Know This Week](/video/UCjzyRoQ/) ### From Tariffs to Tech: Let’s Break Down Everything You Need to Know This Week [Let's Talk About Google's Chromebook Pixel](/video/JLslwCcD/) ### Let's Talk About Google's Chromebook Pixel --- ## Transcript [ MUSIC ] Welcome to The Breakdown. I'm your host, Neha Joy, and we're here with the top stories of the week from TIME, Fortune, Sports Illustrated, and Money. Now, this week is a story behind TIME's Person of the Year, what Google's testimony reveals about Congress and Big Tax ongoing face- off. Of the 2018 NBA draft classes leaving their mark on this season and discuss a financial overhaul made for the new year. So let's dive in. [ SOUND ] [ BLANK_AUDIO ] [ MUSIC ] We begin the process in the fall with a huge staff meeting, in which People gather in New York office and are patched in from around the world and they pitch all manner of ideas. And we debate them for months. This year as we really got down to it we realized that there was a connective thread emerged among many of those most dominant news stories and that thread was the use and abuse of information. It's been an incredibly challenging year for those who pursue the truth all over the The world. At least five dead. We're gonna jump in. There's a fire alarm. There's a fire alarm here. I've seen two ambulances arriving. Let's go back to our breaking news. Saudi Arabia confirming the death of Jamal Khashoggi. Sadly, I fear that this has become or may become the new normal. So we decided rather than focus on the people who were misusing it, we should spotlight the people who have devoted their lives, in some cases, Quite literally given them for pursuing [ UNKNOWN ]. They are the guardians in an increasingly important war. [ MUSIC ] Saudi diplomats are Treating as a fallout of a Washington Post's columnist disappearance and suspected murder grows. We are just getting word out of Riyadh that Saudi officials are now saying that Jamal Kashoggi did in fact die inside the Saudi Consulate. Some members of Congress are raising doubt That the journalist died the way the Saudi government claims. The man opening fire on reporters at an newspaper in Annapolis, Maryland. At least five dead. Just hours after government rampaged through their newsroom, the dedicated staff at the cap Capital Gazette Company, in Indianapolis, published their regular morning paper today. Freedom of the press is under assault after a top news site and it's CEO are charged with tax evasion. The government also tried to revoke the agencies license To operate. Two Reuters reporters are accused of breaching the country's Official Secrets Act. They could face 14 years in jail. [ MUSIC ] There was a reason that the founders made freedom of the press the very first amendment. Freedom of the press is foundational to democracy. It is essential to have basic facts upon which we can debate the right solutions to any manner of problems. There is no doubt that the increasing rhetoric Toward journalists is alarming and chilling, but, it's also essential to remember, that the United States remains a beacon of free expression, that journalists, here, have greater legal protections, than they do perhaps, anywhere else in the world. And, that this remains a country where a news organization can sue the Whitehouse, and win with a ruling handed down by the judge appointed by that very same Same White House with that comes great responsibility to do essential importance accountability journalism sort that our colleagues elsewhere in the world who reported fewer protections cannot this is really about truth the need to support the pursuit of it and freedom of expression for all of us. [ BLANK_AUDIO ] It was Sundar Pichai's time to take the congressional hot seat. The Google CEO testified before the house judiciary committee on December 11th. For three and a half hours while lawmakers had the opportunity to grill him on a wide range of issues, including Google Plus' data breaches, perceived political bias on its platforms, its plans for a censored search app in China, and its Privacy practices. This is the first time Pichai has appeared before Congress since Google declined to send him or Alphabet CEO Larry Page to testify alongside Twitter CEO Jack Dorsi, and Facebook CEO Oshrall Sandberg on foreign interference in September. And that absence sparked anger among senators. I'm deeply disappointed that Google, one of the most influential digital platforms in the world, chose not to send it's own top corporate leadership to engage this committee . >> Anticipating a continued resistance, Pichai began his testimony emphasizing the company's patriatism . >> It's no coincidence that a company dedicated to free flow of information, was founded right here in the US. As an American company, we cherish the values and freedoms that have allowed us to grow and serve so many users. And I'm proud to say we do and we will continue to work with the government to keep our country safe and secure. The main topic of the hearing, anti- conservative bias within Google search engine highlighted Congress' focus on partisan grandstanding. And just how little they understand modern technology. Right now, if you google the word idiot under images, a picture of Donald Trump comes up. I just did that. How would that happen? This weekend, I was on MSNBC four times. And yet first thing that comes up is The Daily Caller, not exactly a liberal, but, I guess, well known group. Then [ UNKNOWN ] called, then Breitbart News, then the Memphis Business Journal, then Breitbart News, then Breitbart. So it looks like you are overly using conservative news organizations. How does that show up on a seven- year- old's iPhone who's playing a kids game? Steve King- Congressman iPhone is made by a different company. Another topic that came up multiple times as google plans to launch a censored search engine in China. But when asked by representative David Sicillini could not definitely say the company was not launching a tool meant for surveillance in China Human rights groups and Google's own employees have spoken out publicly about this issue with more than 730 recently signing an open letter calling on the company to cancel its efforts. And despite the increasing concerns around data privacy, only a handful of representatives actually asked Pichai about Google's data collection practices with no clear regulations outlined during the hearing. [ UNKNOWN ] Appearance underscored the massive role that Silicon Valley tech giants play in the lives of American citizens. The hearing also demonstrated that there's a gulf of understanding and trust between software makers, and the rest of society. Look no further than the moment during the hearing when Republican House Majority Leader Kevin McCarthy emphasized the stakes of the issues in question We need to know that Google is on the side of the free world. That elected officials should even ask the question should give Silicon Valley pause. Two months into the 2018- 19 NBA season, the 2018 class draft class is off to a hot start. In previous years we've seen superstars emerge from their rookie class. But the sheer number of NBA ready players impacting their teams this season makes this a standout class to watch. Luka Donci has made the biggest impact for a rookie this season, not only in the league but for his team. The Dallas Mavericks, which were 24- 58 last season are eighth in the NBA's Western Conference at 14- 11. Doncic is a rookie that pushed the Mavericks into the playoff race. He's already a top 40 scorer in the league, leading Dallas with 18. 2 points per game. And in a breakout moment, Doncic actually carried Dallas for its 13th win over the Houston Rockets, rattling off 11 consecutive fourth quarter points, fueling the team's comeback. As the early frontrunner for rookie of the year all signs are pointing to a player capable of galvanizing fans and leading the Mavericks back to relevance. Atlanta Hawks rookie Trae Young is still adjusting to the NBA. Young has one of the lowest shooting percentages of the league and it shooting at 24. 3 % from a three point range. But he was still named the Eastern Conference Rookie of the month for October and November after he led all first- year players in the East with 15 . 6 points and 7. 6 assists per game. A skill and confidence have drawn comparisons to Steph Curry. Young was the first rookie since Curry to score 35 points and make at least 10 assists in a game. And he leads the NBA with deep shots. Young maybe facing a rookie wall with his diminishing shooting percentage while he's targeted by the best defenders in the league. But he's given the Hawks the most promise for a rookie as he plays a lead role in the team's rebuild. The Hawks are the sixth worst shooting team overall. Now his confidence to keep on shooting through his struggles proves he has the right mentality for his rookie season. And the team's future. DeAndre Ayton, the first overall pick of 2018, is leaving his mark on the Phoenix Suns. He is current averaging a double- double after 26 games, with 16 points and 10 rebounds per game. And Ayton's sky- high shooting percentage of 62. 5 proves why he was a top draft pick, but the Suns still have a long way to go as a team. Currently ranked last in the Western conference, the Suns will get another high lottery pick to build their young core. In their long game. Jaren Jackson Jr, the league's youngest player, and fourth overall draft pick, is turning heads across the NBA. In the 9 games that he's played 30 minutes or more, the young forward has averaged 18. 6 points. And 6. 4 rebounds. Jackson's 36 point game against the Brooklyn Nets was the highest scoring performance of any rookie this season. His impact at just 19 years old is noteworthy as the Grizzlies build their team for the future. Even less notable rookies like Donte Divincenzo, Mitchell Robinson, and Landry Shamet have done well this season and have supported their team's success. With such a stellar rookie class, teams like Chicago and Houston might be able to place their hopes on the next crop of NBA first rounders to boost their game quickly. It's never too late for a financial makeover. And as we near 2019, more and more Americans seem to have money on the mind. Survey by GoBankingRates revealed that one in every four Americans are worried about their personal finances for the new year. Millennials, in particular, are itching to restructure their financial plans to meet their money goals. According to Principal Finance Services 94 % of millennials plan on making financial resolutions in 2019. The highest percentage of any generation. But how do you actually revamp your finances? Well first you need to take a hard look at your current financial state. It's important to track your spending for at least a month to accurately examine What you're taking in after taxes. As well as what your expenses and spending habits are. Next, a closer look at the details of your financial accounts. Like the interest rates on your credit cards, the fees on your investment and retirement accounts, and what you're actually investing in. Then prioritize saving and reestablishing your credit. Life makes it easy to tap into your savings accounts, but without a cushion for unexpected bills, you can quickly rack up debt. Support your financial security with a goal to save six months worth of net income in the bank. And if you haven't made a single contribution to your IRA this year, contributions can still be made until April 15th for the previous year. According to Bankrate, nearly one in four Americans say they have more credit card debt than emergency savings. An effective way to pay off credit card debt is to organize your bills by the highest APR and ensure you're making minimum timely payments on those accounts. Invest in new tools because you can't do it alone. From apps that track your monthly spending habits and score you extra savings, like Trim, to robo- advisors that ensure you're strategically investing every month, there's plenty of new tools that make it easier for you to stick to your new financial goals. And with the year coming to a close, what should you keep in mind when handling your money in 2019? When the Editor and Chief Adam [ UNKNOWN ] his advice. Hey Adam, thanks so much for joining us here at the Breakdown. Let �� s get right to it, the new year is quickly approaching, people are really looking to get a hold of their finances, so what is your top advice for someone who �� s trying to start fresh? Sure, thanks. I mean, I think if you're trying to start fresh it's really important to know where you're starting from. So it sounds very basic but my top piece of advice is just know your numbers. How much are you spending and how much are you bringing it. So over the course of a month track your spending, write it all down, compare it with your after tax income. And those two numbers alone will help you figure out what are your challenges and opportunities here. Now, do you have any financial tips or hacks that you'd recommend? Sure, I mean, if you're looking for sort of an easy win at the beginning of the new year, I would definitely take a look at any savings accounts you have. So if you're lucky to have a savings account, you might have it a traditional big bank and you're making a fraction of a percent on interest. That there a lot of new online banks, places like [ UNKNOWN ], we can get up to 2 % for high- yield savings account with no minimum balance. So that �� s an easy win for you, have your money make more money for you. So you �� ve been editor and chief for [ UNKNOWN ] for two years now, that �� s an amazing accomplishment. So how has your work impacted your financial outlook? I think it just made me realize how important it is that you really take control of your own finances. So no one's gonna do it for you, but there are a lot of tools and resources out there than can help you. And you really need to craft a plan that works for you. Maybe you're a more traditional, conservative investor, maybe you just wanna invest in the stock market little by little, over a long course. Or maybe you're more entrepreneurial and you wanna figure out how to start a business or sort of take advantage of this new digital economy. Whatever works for you, you have to make your own plan that fits your style. All right, very insightful, as always, Adam, thanks so much for joining us. Great, thank you. And that's the breakdown for this week. until next Wednesday I'm [ UNKNOWN ] Joy and thanks for joining our weekly roundup. 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