So that is pretty evenly split, actually. Theres certainly quite a lot of recognition that Central Banks need to think about new toolkits. We are going to go to some questions now, but if you want. O use the platform to submit i think larry gave an excellent description of what the core problem is that the developed world faces, that there is a glut of saving and a , and it of investment really means that we have to have fiscal policy, structural policy, and things other than. Ust relying on Central Banks i think Central Banks need to do what can come about they can. Adopting a system called flexible average inflation targeting, i think this is an appropriate change. Somewhat improve the scope of Monetary Policy to show that shortterm Interest Rates are often constrained by the effect of lower bound. I think it is helpful in preventing a cycle of falling inflation feeding falling inflation expectations, but i strongly believe Central Banks need to be independent and need to do everythi
Then a month later, europe, italy, first hardest hit a mortality rate of 10 . The u. K. Among the hardest hit and sickest. The new coronavirus spreading through parts of china has hit the United States. Then the first case in america, washington state, President Trump orders all flights from china stopped. Borders closing. New york quickly becoming the epicenter of the outbreak. Hospitals are overwhelmed with patients. Maria with Little Information known about the virus, the invisible enemy continues to inflict pain upon our nation and the entire world. A Global Pandemic seizing the world economy. Attempting to contain this virus, entire regions and economic sectors are shutting down. Maria then a Disinformation Campaign begins. Chinese websites controlled by the communist party publish made up stories about where the virus originated since january Chinese Media have been under tighter than usual government controls. Journalists have been arrested. Social media platforms have been scru
Average in Silicon Valley. Sharing house committees facing the challenges and introducing us to a new friend please welcome bastian. [applause] hello. Hello. Welcome. Thank you. The Business Model is Pretty Simple. There are a few other Delivery Companies out there that have gotten pretty big as well but you guys focused on innovating in certain areas and can you explain a little about how your approach innovation . Good morning, first of all. Thank you for having me. Excited to be here. Look, we simply like to compete not dollar for dollar but with innovation as you mentioned and i think, in many cases, the smarter way to compete. Money is one angle and its an important one but if you are not the most wellcapitalized player in any space that are operating and you have to find alternatives to compete. That is what we do as a company at post mates. One of the innovations that we have, i think, we brought it for today. We believe that there is a piece of the network that we are building
Average in Silicon Valley. Sharing house committees facing the challenges and introducing us to a new friend please welcome bastian. [applause] hello. Hello. Welcome. Thank you. The Business Model is Pretty Simple. There are a few other Delivery Companies out there that have gotten pretty big as well but you guys focused on innovating in certain areas and can you explain a little about how your approach innovation . Good morning, first of all. Thank you for having me. Excited to be here. Look, we simply like to compete not dollar for dollar but with innovation as you mentioned and i think, in many cases, the smarter way to compete. Money is one angle and its an important one but if you are not the most wellcapitalized player in any space that are operating and you have to find alternatives to compete. That is what we do as a company at post mates. One of the innovations that we have, i think, we brought it for today. We believe that there is a piece of the network that we are building
Fortune magazine summit in aspen colorado. This at two hours. Thank you. Moving on to our opening interview. This at one of our themes in our next story and conversation. I want to welcome the ceo to post mates. So far you appraise a court of billion dollars. Facing challenges in introducing us to a new friend. Please welcome bastion lehman. [applause]. Bastian hello. Welcome. Your Business Model at Pretty Simple. There are a few other business out there in the same area thats doing pretty well. Can you explain a little bit about how you approach innovation. Bastian good morning first of all thank you for having me i am excited for being here. We would like to compete not dollar for all dollar but at its innovation. I think in many cases at the smarter way to compete. Money at one angle and i think an important one but if they are not the most wellcapitalized player, i think you have to find alternatives. Thats what we do as a company at estimate. One of the innovations that we have he