But definitely look forward to engage in discussions around policy with regard to Financial Education, which is a term that we prefer at pace as opposed to Financial Literacy. Because oftentimes implies that people are illiterate. Perhaps Financial Empowerment might be a better term. I was born in, on a pineapple plantation in hawaii where the common term today is in farm worker housing. We were poor but didnt know it because we thought everybody lived like that. I dont member very much in having any choice. But we had the ocean as our playground. And so we would chop down some bamboo and use it for fishing poles, or use of force beers to catch fish spears. In spite of the fact that hawaii is paradise, and because its paradise the rich people in the world by property as a result, the cost of living gets driven up. To local residents that use laborers service to these rich people, that are coming to know why. So were hawaii is paradise with the aloha spirit, a lifestyle, sharing and rec
Missile launches and chinas maritime activities. We ask japans defense minister about the future course of the Nations Defense International Investigators are expressing growing frustration over their lack of access to the site where a Malaysia Airlines plane crashed. The passenger jet was shot down earlier this month over eastern ukraine. Representatives of russia and ukraine are set to hold discussions to try to find a way forward on that issue and the conflict in ukraine. Nhk worlds craig dale is covering developments. Reporter those representatives will meet in belarus with a delegate from the organization for security and cooperation in europe. They want to be able to get investigators access to that crash site. And to do that they need to find a way to get a truce between russian prorussian separatists and Ukrainian Forces who are fighting in the east. A missile brought down flight mh17 two weeks ago, killing all 298 people on board. More than half of them from the netherlands. I
Tremendous challenges from both being able to find jobs and to work through issues in that environment. The data demonstrates things that are not surprising. It demonstrates a persons that are way too much depending on nonbank lending while they had more access to earlier generation through some form of Financial Capability instruction. Their absorption of that is not demonstrated from a testing standpoint. Their exposure as they move through an environment where those that have moved forward, even those that have moved forward are way more burden by Student Loans both in percentage and sign. All of that demonstrates what a point that has been made across the board. We need to move Financial Capability, education and communication away from accidental interactions to an environment where its focused and concentrated and very much looking to evaluate and identify what works. Its a pleasure to be involved in this Advisory Committee particularly with a strong focus on Financial Capability
Thanks very much, cyrus. Welcome, everyone, to the department of the treasury. Im very pleased to have all the members of the new counsel here with us, including Richard Cordray and secretary duncan will be here shortly. Im also leaves that we have so many members of the public here. President obama brought together this group of talented men and women stood by zimmerman issue up or found importance to the future of our economy, the Financial Capability of americas young people. Whether it is teenagers spending their first paycheck, College Students making decisions on how to repay Student Loans, or new parents trying to save for a childs education or retirement, it is not only important for their futures. It can strengthen our economy for generations to come. That is why the work we can do can significantly impact how successful we are at growing the middle class and increasing Economic Opportunity for all americans. Virtually, theres much we can do to improve Financial Capability and
In georgia seen as a referendum on the first months of the trump presidency. Can democrats nab the costliest house race since 1969 . The money is flowing there. Im dave briggs. Im christine romans. North korea facing outrage after the American College student Otto Warmbier has died less than a week after his release from pyongyang. His family believes he was tortured into a coma. His passing quickly sparking anger, outrage, sadness in washington. Senator john mccain, a former prisoner himself, not mincing words. He says this let us state the facts plainly. Otto warmbier, an american citizen, was murdered by the kim jongun regime. Highlevel talks between the u. S. And china begin tomorrow in washington. Theres growing pressure on President Trump to take a harder line with beijing to help rein in north korea. Listen to the president s reaction to warmbiers death. Otto warmbier has just passed away. He spent a year in north korea. A lot of bad things happened, but at least we got him home