Exception. in the merging economies, bouncing back to growth rates and debtos of almost 40%. they are effecting us and driving their own growth. it is a complicated machine. but that side of it is working pretty well. say more about that. the challenges for the u.s. and particularly threats to the middle class you talk about in your book and your other work because of the changing nature the way the the work will be organized around the world which is good for humanity from the point of view of the countries that are rising but puts real strains on the american middle class. what s the agenda in terms of how we need to think about where the jobs will come from in the u.s. and what should government be doing? if you look at the past, meaning you know, couple of decades coming into the crisis, most of the net job creation was in the nontradeable side of the economy. that s where you don t have to