Is really hard to imagine all the things that happen when you are vice chairman but theres an interesting dynamic that happens because on 18 november i changed command that u. S. Strategic command and when i changed command at u. S. Strategic command i was in command of 150,000 americans. They went to work every day to do the ab150,000 americans is an interesting element in command structure. Then on 21 november i swore in as vice chairman of joint chiefs of staff and went to a staff of five. Because im actually not in command of anything anymore. I have no command responsibilities, and will command anything. [laughter] when we drove out to omaha on the way over here and we were in a little bit of a hurry because the chairman had been out of vice chairman a little while he wanted me there quick. We were moving pretty fast across the country and my wife looked over at me somewhere in kentucky and said, this feels quite different, doesnt it . I said, what do you mean . She said, its like
Secretary, good to see you sir. Its an honor to be here. Thank you very much to aits kind of interesting being vice chairman. I dont know how you described it until youve experienced it is really hard to imagine all the things that happen when you are vice chairman but theres an interesting dynamic that happens because on 18 november i changed command that u. S. Strategic command and when i changed command at u. S. Strategic command i was in command of 150,000 americans. They went to work every day to do the ab150,000 americans is an interesting element in command structure. Then on 21 november i swore in as vice chairman of joint chiefs of staff and went to a staff of five. Because im actually not in command of anything anymore. I have no command responsibilities, and will command anything. [laughter] when we drove out to omaha on the way over here and we were in a little bit of a hurry because the chairman had been out of vice chairman a little while he wanted me there quick. We were
China has done in space im newsed initiatives in the 1990s. And i read them in the 1990s but wasnt until a few years ago people started saying, this is new. No, its not. They have an Economic Strategy thatdates back to 1979. A military strategy that dates back to mid1990 and have been going on a consistent approach and the world will be different and many cases thats not good. And we have to deal with that. So that consistent strategy is hugely powerful in term of achieving the objectives they stated way back as long as 41 years ago. China is a powerful economy. Lets look at another powerful economy. I put that in big quotes. North korea. North korea is 115th most powerful economy in the world. 115 out of 192. One of the poorest countries in the world. But somehow over the last few years, north korea has developed a Ballistic Missile program that can then neighbores and the out and Nuclear Program that can then the neighbors and the United States, and theyve done that and change the en
Results of another how will investors react to the second scandal of the year . Warm welcome to daybreak europe. Nejra cehic absconded on a holiday. Can we spell that word . A wood. S diverged in chinese equities and u. S. Equities. We are trying to make sense of what this rolling back of tariffs by china really means. There is a platform for a phase one deal . The u. S. Equity markets are set, correction,ity for 15 . It is time to become guarded. Perhaps we have become irrationally exuberant. Positive news flow on tariffs eking out again. The 200 dayby moving average. Wti, the uae oil minister saying things are good, they will talk about the expansion of the deal. Let us talk trade. The u. S. China says it is cutting import tariffs on certain goods from january 1. Expanding imports. The news comes from beijing and washington finalize the signing of a first phase of their trade deal early next week. Lets get to simon french, chief economist. Good to see you on this beautiful, crisp day
Honor of introducing our event today where were going to discuss not only ganesh, his incredible book, but also the animus that really brings it to life. This is the latest in columbia series on markets where we discuss problems, political economy and how to solve them. I want to start by noting that his book is brilliant, and its brilliant because. It touches on problems that are so implicitly obvious to all of us. Im sure everyone in this room has felt frustration. An airline categorically. It feels like air travel has somehow even worse. Were offered less space and stuffed amidst more seats. Were given less food and charge, more fees. Were extended longer delays and offered less destinations. Everything that should have grown has shrunk and everything that should have shrunk has grown. Our planes have inverted and too often it feels like were flying upside down. And these problems with Civil Aviation emblematic of larger problems with our own country all over our infrastructure feel