Good morning. It is a cold start in some parts of the north of the country, temperatures close to freezing. For many, it will cloud over with scattered showers developing and some of those will be heavy and thundery. I will have all the details later in the programme. Its tuesday 21st may. Rishi sunak says the government will pay whatever it takes to compensate the victims of the the Infected Blood Scandal. Details of the scheme are expected to be announced later today. Its been described as the biggest Treatment Disaster in the history of the nhs. Yesterday a Public Inquiry highlighted a catalogue of failures over many years, which it said had catastrophic consequences. Our Health Correspondent Dominic Hughes has more. Cheering and applause. A moment of relief and joy after years of grief, frustration and anger. Sir Brian Langstaff delivers his findings to just some of the thousands of people whose lives have been touched by the Infected Blood Scandal. Outside, some of them reflected
But definitely look forward to engage in discussions around policy with regard to Financial Education, which is a term that we prefer at pace as opposed to Financial Literacy. Because oftentimes implies that people are illiterate. Perhaps Financial Empowerment might be a better term. I was born in, on a pineapple plantation in hawaii where the common term today is in farm worker housing. We were poor but didnt know it because we thought everybody lived like that. I dont member very much in having any choice. But we had the ocean as our playground. And so we would chop down some bamboo and use it for fishing poles, or use of force beers to catch fish spears. In spite of the fact that hawaii is paradise, and because its paradise the rich people in the world by property as a result, the cost of living gets driven up. To local residents that use laborers service to these rich people, that are coming to know why. So were hawaii is paradise with the aloha spirit, a lifestyle, sharing and rec
Tremendous challenges from both being able to find jobs and to work through issues in that environment. The data demonstrates things that are not surprising. It demonstrates a persons that are way too much depending on nonbank lending while they had more access to earlier generation through some form of Financial Capability instruction. Their absorption of that is not demonstrated from a testing standpoint. Their exposure as they move through an environment where those that have moved forward, even those that have moved forward are way more burden by Student Loans both in percentage and sign. All of that demonstrates what a point that has been made across the board. We need to move Financial Capability, education and communication away from accidental interactions to an environment where its focused and concentrated and very much looking to evaluate and identify what works. Its a pleasure to be involved in this Advisory Committee particularly with a strong focus on Financial Capability
Thanks very much, cyrus. Welcome, everyone, to the department of the treasury. Im very pleased to have all the members of the new counsel here with us, including Richard Cordray and secretary duncan will be here shortly. Im also leaves that we have so many members of the public here. President obama brought together this group of talented men and women stood by zimmerman issue up or found importance to the future of our economy, the Financial Capability of americas young people. Whether it is teenagers spending their first paycheck, College Students making decisions on how to repay Student Loans, or new parents trying to save for a childs education or retirement, it is not only important for their futures. It can strengthen our economy for generations to come. That is why the work we can do can significantly impact how successful we are at growing the middle class and increasing Economic Opportunity for all americans. Virtually, theres much we can do to improve Financial Capability and
Public health and Health Services at the George Washington university. Its with extreme pleasure that i welcome you here to very special afternoon at George Washington university. Im thrilled to see so many students, faculty, alumni, colleagues and supporters with us. I would like to acknowledge our friends and colleagues for joining us today via live web cast. If you are tweeting use the gwha. Its pound gwha, people in my generation. They celebrate International Womens women day. It began in the 1900s. We made tremendous progress when it comes to womens rights. But at the same time women disparity dont effect the lives of millions. Poverty, poor access to health care, inadequate nutrition and water afflict women and girls across the globe. Its a paradox we cannot and should not tolerate. Now more than ever we must focus on conducting research and conducting promises, policy, and interventions to provide solutions. Particularly proud of the work of the global womens substitute at Georg