The wall street journal ceo conference this week heard about the Global Economic outlook from World Bank President jim yong kim. Well show you as much of this as we can until our live coverage at 8 30 eastern. [applause] so good morning. I was asked whether the ceos will actually show up for a panel at 8 15, and we all agreed, yes, so thank you for making me look like i know what im talking about. As you know, i am jim kim, the president of the world bank, stan fischer who accused me this morning of labeling him as venerable, which tells you what its like to be a reporter, whos had so many illustrious students that it took the International Monetary fund a day and a half to have of of them with paper. And Glenn Hubbard whos the dean of the Columbia Business School and was one of the advisers to george w. Bush. And i want to talk a little bit about the world economy, and i want to start oops, i want to start with the emerging markets. So a couple years ago i think one would have said th
Has been and is going to continue to be iran. I think the administration frankly has lagged far behind the house. We have been far ahead in pressuring iran. A lot of that is because of reuel. We have been united in the house in our effort to do that. I think that congressional pressure frankly is building, building quickly in light of recent events. I am looking forward of course to the conference report that we are going to see now from the National Authorization act where we are going to have another chance to tighten the noose. And i want to say that the amendment that would shut down most business with key sectors in the iranian economy, with energy and shipbuilding and shipping and ports, this amendment that would shut down businesses that are involved in sectors which fund the proliferation activities of iran, of that regime, is crucial. In addition, the amendment is going to prohibit business with all designated persons connected to the iranian government. It bans trade and comm
I guess i dont like it a whole lot. What would we find i sound just like my dad. There are great people out there, i know it. And i dont mean to condemn it but i think its passed me by a little bit. I still have a wonderful career and a beautiful audience that i really love but the spotlight is elsewhere now and im a known quantity now. And thats fine with me to play out this hand. But i dont pay a whole lot of attention to i never did listen much to the roofment when i was a kid i did. I dont listen to music much. Kim works with the boston symphony and we get a lot of classic cal music in the house. We have 11yearold twin boys and they have their preferences, maybe its because theyre playing most of the popular music im hearing in the house i have such a negative take on it. Do you have an i pod . No an ipad. Do you listen to music on there . No i listen on cd and vinyl. They have said taylor swift is named after you. What do you think of her music . I like her music. And i like the n
The issue is important and there is a general agreement on the solution around high skilled immigration. The problem is is the politics and the economy and jobs have been prumped by the politics of immigration. I think there are four paths. One could be the pass the senate not be taken up in the senate. There is a lottery that would flult raising the overall level of immigration. If there was an agreement to include that that bill could be passed. A second option which is what the president has ind indicated he favors is to link high skilled immigration with the dream act. So it is a broader solution around immigration. The third would be to say this deals with the 50,000, this deals with a million five. The third would be deal with 11 million which clearly we have to as a nation deal with and there is a desire now more than there might have been a month ago to do. That and ive heard a number of people talk about the need to take up the issue and called for a comprehensive solution. So