Dealing with china an insider unmasks the new economic superpower. I am pleased to have hank paulson back at this table. Hank paulson terrific mr. Paulson terrific to be here. Charlie you are thinking about a third book. [laughter] mr. Paulson you and i were joking, when i told wendy i was going to write a second book she said i might date again. [laughter] this wasnt the crisis we got to relive emotionally. This was a harder book to write. The crisis was a beginning, a middle, and end. Charlie the thread that runs through it is china. Mr. Paulson it is all china. Charlie what is your love of china . What is your interest in china . Mr. Paulson i spent the time i spent there today i think Everyone Needs to ask themselves where can i make the biggest difference . The history i have their, the relationships that i built it made me really focus on this. This relationship, the u. S. China relationship, is by far are more still important bilateral relationship. I see this becoming more comp
With china an insider unmasks the new economic superpower. I am pleased to have hank paulson back at this table. Mr. Paulson terrific to be here. Charlie you are thinking about a third book. [laughter] mr. Paulson you and i were joking, when i told wendy i was going to write a second book she said i might date again. [laughter] this wasnt the crisis we got to relive emotionally. This was a harder book to write. The crisis has a beginning, a middle, and end. Charlie the thread that runs through it is china. Mr. Paulson it is all china. Charlie what is your love of china . What is your interest in china . Mr. Paulson the reason i spend the time i spent there today, i think Everyone Needs to ask themselves where can i make the biggest difference . The history i have there, the relationships that i built, it made me really focus on this. This relationship, the u. S. China relationship, is by far our more still important bilateral relationship. I see this becoming more complex and difficult
Down. Musk wants to commercialize space flight and hopes reusable rockets will reduce costs. Well get you up to speed on the markets in terms of the futures. Of course things will change in a big way but the dow looks higher and its surprising because well explain why in a moment. 48 points higher now. Nasdaq up 48 points and s p 500 up over 5 points. Its official. This mornings big corporate buzz story, the eu is just now announcing the antitrust moves expected against google. These are just crossing the wires at this point. European regulators are likely to accuse the company. They could face massive fines of 6 billion. Something like 10 of its worldwide sales are liable to be fined doing this and theyll be forced to change the Business Model. The eu has been looking at google for about five years now. Whats interest as good the company only gets about 10 weeks to respond. Its a different rule of law over there. Lets tell you about other big stories were watching this morning. New nu
America and around the world who are undereducated and i think we have to find a way to translate what you are saying into fundamentally democratization. Okay. What was the first question again . On the idea of equity, where we are already see experiments with randomized controlled trials that showed technologies can be used to educate paul folks that are less academically prepared to get them where they need to be it will allow us to ask or have that innovation can help in this space. We have a separate dialogue about the politics of bad and the folks that come from underresourced k12 schools, how did they get more academically prepared. That could be technology as well. There is a question. One is what the technology can do and what we as a society have to do politically to support the access to that in the breach to die so we dont have stratified systems. Thank you. I would just send the cross subsidy question. I like the way the question was articulated in beautifully put because t
[applause] thanks for being patient. The president had the News Coverage and i was entering the coverage of the press conference. In fact, speaking something that is very relevant i want to do talk about the book gives the broader context of china but i know something about the threat of policy makers behind the scenes and i dont think could anyone with there as stressful a period of treasury secretary as you did to put the country of the footing for the future. I want to say it is a privilege to be here with someone who writes about his perspective as the policy maker but actually had more than 100 visits to china as the ceo of Goldman Sachs from the private and Public Sector together to have the effect of the greatest economic rival in the lead banker of u. S. Debt thank you for being here. It is my pleasure to be interviewed buy you i have acquired your job for a long time and thanks for the year. I am looking forward to the conversation. China is a fascinating insight. Now at his N