NSA, Davos and Target? It’s All About Your Data

In a speech Friday, President Obama is expected to announce guidelines that will limit how the National Security Agency can conduct surveillance in the United States and overseas. The new rules will likely include everything from how the agency monitors Americans' phone records to the creation of a "public advocate" to represent privacy concerns before the secret intelligence court. The President is also expected to ask Congress to weigh in on some of the toughest choices when it comes to balancing national security and privacy. Money Talking regular contributors Joe Nocera of the New York Times and Rana Foroohar of Time magazine discuss the connection between the upcoming World Economic Forum in Davos, Switzerland, and the idea of privacy that's been put front and center by the N.S.A. leaks and the President's forthcoming announcement. "Data is at the heart of almost every major story right now, from security to the economic story to privacy," Foroohar says. Nocera discusses the data breach at Target and explains why the revelations about the N.S.A. have been bad for business for the likes of Google and Apple.