neil ferguson, kishor and wada. also, how in the world did one of the world s greatest sellers in the global bazaar lose its mojo? i ll explain. first, here s my take. president obama spoke forcefully in his state of the union about the importance of reviving manufacturing in america. if you talk with economists, they ll tell you it s a very complex problem involving tacks, trade, regulatory policy, exchange rates, educational skills. it is all those things, but when you move from high level policy to specific cases, you will often find within element that is rarely talked about. a government s role in boosting its domestic manufacturers. in a front page story last week, the new york times detailed how apple s iphone ended up being made outside america. the times wrote about the apple executives who visited a factory in china to see if it could cut the glass precisely for the phone s touchdown screen. when the apple team got there, the factory owners were already construc
exclusive interview. then we ll go on a tour around the world with a global panel. neil ferguson, mubani and khanfar. also, how in the world did one of the world s greatest sellers in the global bazaar lose its mojo? i ll explain. but first, here s my take. president obama spoke forcefully in his state of the union about the importance of reviving manufacturing in america. if you talk with economists, they ll tell you it s a very complex problem. involving taxes, trade, regulatory policy, exchange rates, educational skills. it is all of those things. but when you move from high-level policy to specific cases, you ll often find one element that is rarely talked about, a government s role in boosting its domestic manufactur manufacturers. in a front-page story last week, the new york times detailed how apple s iphone ended up being made outside america. the times wrote about the apple executives who visited a factory in china to see if it could cut the glass precisely f
fair, after the state of of tth union they do this. and this one in an election year, and each state has a theme to it. today it was manufacturing and then they will have a energy day and then to a jobs skills day, if you will, for job training and push that over the next three days. i think, it felt more pointed. a little bit. you know he is not in an official campaign event but it s more pointed than last night which had sometimes a reserved tone, the trappings of the house chamber. mitt romney in an interview responded to the one signature economic proposal that certainly seemed targeted right directly at mitt rom in my opinion which was the 30% minimum tax for the super rich. let s play a bit of romney s response today. well, it s designed to come at me, if i m the nominee, he
companies and they are criticized for not hiring, but some of the ceos are commenting about the quality of talent available, aren t they? yes, the jobs skills in the country are an issue. if you look at any study that you know that the longer you are out of work, your skills atrophy, and that is the statistically proven that the longer you are out of of work, you are harder to get back into the workforce and we have ceos saying that you are not qualified for skilled trades an manufacturing jobs and it is unbelievable when you hear it, because millions and millions of unemployed. and 14 million unemployed. yes, and you think that everybody should find a job, but if you look at the unemployment rate of those with a four-year college degree, it is under 5%. so increasingly we are becoming a country where you have certain people at the top, and four-year college degree doing fine, and then people who are cast out of a manufacturing job, and, you know, out of work for six
welfare and unemployment. one thing to do is ask people collecting food stamps or unemployment to clean up the parks. that would keep the jobs skills and affordability better and off set to what is a rising cost. mike, one thing that has changed for the worse i think. in the clinton administration working with republicans, we had welfare reform. we had a work fare and a switch over from the dependency people and the people who are working for a check that is kind of switching back. we saw that to a point where he extend happened the period of getting unemployment insurance and that did nothing but create higher unemployment rate. going back to the exea right now. the demand for food stamps will go up and it will cost more typically because the economy is not getting better but getting worse. the first quarter.