this is about 45 minutes. ladies and gentlemen, friends, i have now the privilege and pleasure to welcome a old friend of the world economic forum and supporter, secretary of state john kerry. actually when the secretary came the first time, it was in the 1990 s and that is the time we spoke about the peace dividend. there was a lot of optimism. the world was at the don of a new era dawn of a new era and the end of the cold war. now, we meet again and it looks like we are at the start of a world with many geopolitical issues. the last session has shown us the foremost issues we have to confront. so mr. secretary, you were here last year and if i just take one year, when you came last time, ukraine was just beginning. now, in a warlike situation. of course, the united states plays a very crucial role as the world s most foremost power. ladies and gentlemen, we are particularly pleased to have the secretary of state john kerry this evening with us to enlighten us how he s