This is bloomberg surveillance alongside Lisa Abramowicz and annmarie hordern. The two of the issues under the Global Economy right now, right here in washington, d. C. The sustainability of the deficit in the u. S. And mr. Risch toward industrial policy. Front and center. Every conversation you have read outcome all roads lead back to that. Lisa especially given that it seems to be sovereign debt that is able to issue, not necessarily corporate debt when you talk about geopolitics and china and the u. S. , it will be fascinating to see how that is filled with given china is a member of the imf and is trying to create a Global Coalition. What is a Global Coalition look like in a fractured world . Jonathan it is the United States and japan, the United States and korea, the United States and malaysia. Malaysia stepping into the effects market. Japan and south korea turning to do the same. What you saw with yesterday is interesting. A meeting between secretary on, japanese, and south kore
Now techknow investigates the problem with plastic. They throw in the street or throw it in the ocean. We have the technology. I cant touch it . No you cant. So why dont we use it . So you dont know what happens to the plastics you recover . Dr shini somara is a mechanical engineer. Dr. Crystal dilworth is a neuroscientist. Were standing by a pipe marked heated sludge. And im phil torres, im an entomologist. Thats our team. It smells very organic. Now lets do some science. Hey guys, welcome to techknow. Im phil torres and today we are going to be talking trash and a ton of it. Joining me with this trash talk dr. Crystal dilworth, dr. Shini somara. Now first up the water bottle, by some estimates here in the u. S. We use 50 billion of these every year and myth number one is that this is going to be recycled. Correct, actually its probably not going to be recycled. A lot of Water Bottles that we think are headed for recycling facilities end up in landfills and those landfills can have so
Could be recycled. Why isnt it being done more . Now techknow investigates the problem with plastic. They throw in the street or throw it in the ocean. We have the technology. I cant touch it . No you cant. So why dont we use it . So you dont know what happens to the plastics you recover . Dr shini somara is a mechanical engineer. Dr. Crystal dilworth is a neuroscientist. Were standing by a pipe marked heated sludge. And im phil torres, im an entomologist. Thats our team. It smells very organic. Now lets do some science. Hey guys, welcome to techknow. Im phil torres and today we are going to be talking trash and a ton of it. Joining me with this trash talk dr. Crystal dilworth, dr. Shini somara. Now first up the water bottle, by some estimates here in the u. S. We use 50 billion of these every year and myth number one is that this is going to be recycled. Correct, actually its probably not going to be recycled. A lot of Water Bottles that we think are headed for recycling facilities en
Could be recycled. Why isnt it being done more . Now techknow investigates the problem with plastic. They throw in the street or throw it in the ocean. We have the technology. I cant touch it . No you cant. So why dont we use it . So you dont know what happens to the plastics you recover . Dr shini somara is a mechanical engineer. Dr. Crystal dilworth is a neuroscientist. Were standing by a pipe marked heated sludge. And im phil torres, im an entomologist. Thats our team. It smells very organic. Now lets do some science. Hey guys, welcome to techknow. Im phil torres and today we are going to be talking trash and a ton of it. Joining me with this trash talk dr. Crystal dilworth, dr. Shini somara. Now first up the water bottle, by some estimates here in the u. S. We use 50 billion of these every year and myth number one is that this is going to be recycled. Correct, actually its probably not going to be recycled. A lot of Water Bottles that we think are headed for recycling facilities en
But there is a weight given to cost . Im sorry . There is a weight, there is a consideration gifsh to costs . Whenever we do regulations theres an evaluation of costs and of benefits. Okay. I guess that thats im about out of time anyway. Morgan stole some of my notes and asked some of my questions. So anyway, with that, mr. Chairman, i yield back. At this time the chair recognizes the gentleman from texas, mr. Flores. Thank you, mr. Chairman. Ms. Mccabe, thank you for joining us today. How does the market price risk . If you know something and you know what the cost is of something, it has a price. You know that price. But if you dont know something, then the price is higher because you have risk, right . Um yes, okay. In 2010 the epa, when they proposed going to 60 parts per billion, said that that would cost 90 billion. Cost the economy 90 billion. In 2014, you reduced it to 40 billion. What happened over that fouryear period to make the cost go down . So, i think what youre comparin