Worked so much in the first couple of quarters. We are also expecting our investment ipo tomorrow. It is a very, very busy year for us, all in all. You are looking at health care opportunities. Everybody else seems to be doing that. That is why valuations have skyrocketed. What are you finding and what are you concentrating on within that space in particular . Nisa it is interesting. Board. St across the is, is really interesting when we invested in the first company, the first Vaccine Company to list in hong kong. One of our Companies Went out in hong kong, the first device company. Venus, thepo of whole medical device sector has become hot this year. Seen 25 areas we have Companies Getting funded in china alone. I am not sure about the competition. On the discovery side there is also excitement. Because valuation has grown so much, we would still stay away from very expensive deals. Historically, we have been investing 75 at least. Systematically we have been doing the same thing as
Declining. We saw a constructive things. Waiting for the eighth or ninth year of expansion is not a perfect strategy. There is an issue of wanting to do as much as we can to avoid exacerbating the longstanding inferences and get back to a Strong Economy or we can start making progress again, which is what we were doing in february. Senator smith as the fed chair and at the fed you have the mission of low unemployment and managing inflation. And this need to spur job growth. We said there is not been a big worry about inflation. What if the fed were to lower its target for employment, even under 3 . What impact might that have on addressing longterm needs for addressing inequality. Changeowell we made a in our operating framework which addresses that directly. We will have an estimate of the natural rate of unemployment. We will not act on that, even if unemployment goes below that, unless we see inflation or some other problematic thing that seems to be late to where our rates are. We
And chair, eddie junior. A conversation on the u. S. Military readiness and the Global Threats we face. Defense Program Senior research fellow, served two decades in the marine corps. Assessing u. S. Military strength, a pretty major undertaking. How does the Heritage Foundation try to do that . Guest we gather all publicly available information we can come across, official testimony from the pentagon, acquisition reports on major programs, general news reporting from the defense reporting community, our own personal contacts in the services and the pentagon and on capitol hill, and we gather all that all year long, go through a several month analysis and writing process, compare last years information to this years information, and then basically issue a report card on the military, and this year on a scale of one to five, we would give it a three, or in the words we use, we call it marginal, and we feel that the u. S. Military writ large is marginally able to meet the demands of u. S
Host a conversation on military readiness and the threat we face. Od, served two decades in the marine corps. Assessing military strength is a major undertaking. How does the Heritage Foundation try to do that . Gather all Public Information we can come across. Thecial testimonies from pentagon, acquisition reports on major programs. General news reporting from the community and our personal contacts in the services and pentagon. We gather all that all year long, go through analysis and writing processes, prepare last years information and this years and then issue a report card on the military. This year on a scale of one to five we would give it a marginal. We feel the u. S. Military at large is marginally able to meet the demands of National Security requirements. Meaning they can handle one major conflict in one part of the world, but not much more than that. We think it needs to be more than that because the u. S. Has global interests and responsibilities. Host the u. S. Military
Democrats can call in at 202 7488000. Republicans 202 7488001. Independents 202 7488002. You can also send us a text this morning. That number 202 7488003. If you do, please include your name and where you are from. Catch up with us on social wj, on on twitter cspan facebook. Com cspan. Today marks three weeks since election day 2020. Transition to Bidens Administration begins. Take you now to the front page of the trade news. Their lead story about the certification process. Michigan born in charge of certifying election votes casts what they call a pivotal vote, cementing joe bidens victory in the state. The board of state canvassers voted 30 to certify the results. The republican board member crossed over to certify the election, which is traditionally viewed as an administrative step , but had drawn a spotlight as the Trump Campaign questioned the integrity of the election. Less than two hours after that final vote, a letter from gsa administrator emily murphy to joe biden. That sa