Commemorating 30 years of the u. S. Senate on cspan 2. Now a conversation on urbanization around the world and what it means for geopolitics, the Global Economy, Climate Change, and other issues. Among those well hear from, chicago mayor rahm emanuel, former treasury secretary ankh paulson and the governor of bangkok. [ applause ] thank you very much, indeed for that lovely welcome and on behalf of the Financial Times, as the u. S. Managing editor, i should say we are absolutely delighted to be partnering with the Chicago Global Council on this very, very important event. Thats not just because we love chicago here at the ft, although swernly do, particularly when the weather is like this. And its not just because we love smart conversation with intelligent people. And looking around at you at the audience, i know there are a lot of people who have a lot of ideas to offer on the future of cities and i look forward to hearing what you all have to say. But were particularly pleased to be
Costs of the new appliance . I would say that these standards have very different affects on different households based on some of the characteristics i mentioned and also some that i state as well in my written testimony. For instance, if you live in texas, maybe its more benefit for you to have an Efficient Air conditioner but do you care how efficient your furnace is . In that case you may not save money by getting an efficient furnace. So i would say that different situations geographical area would have an impact on it . Absolutely. And you indicated the use of the product, obviously, would have an impact on it. And you mentioned, i think, some elderly people who maybe use it less would have less benefit from it as well, is that correct . That is correct. And the Department Notes that in its analysis. So all of us make comments about, oh, this is going to save money and so forth, but it certainly is possible in many instances, i would assume, that lowincome people and elderly are
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