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Look, any way you take it, employment in april was a disaster. We are looking at an Unemployment Rate that is likely approaching 20 . We get those numbers, the unemployment numbers for the whole country, next friday. However, got to tell you the backtowork movement is really gathering steam. States across the nation are modifying their stayathome rules. Businesses are reopening. Oklahoma reopens some businesses tomorrow. California will allow some elective surgery. This, however, is receiving mixed messages. President trump says georgia is reopening too soon. He says he strongly disagrees with georgias decision. However, he will still leave it up to the states. Heres a positive. The Field Hospital built specially for virus patients in houston, texas, may be dismantled, not needed, underused. Lets get to the markets. First im dealing with oil. Look at this. Moving back up a ....
So i read. By the way the wyoming answer. Part of it is the absence of Healthcare Centers relatively speaking. Right . Massachusetts would never win it. As a result. Victor. This is strategy. Next time you want to sit at the same table with dr. Kim. Three Global Crisis that you spoke about. Conflict, impact on people being forcibly displaced. Countries and nearly every region turning inward. Home grown terrorism. As you thought about what you want to speak at the meetings, why did you pick these three crisis to start with . You know one of the things that i have noticed everywhere that i go is that this is a good thing. Aspirations everywhere are going up. And we have actually done a study that showed that when communities get access to broad band and smart phones. And they start being able to see on their smart phones how everybody else is living in the world. Their refer ....
Held a discussion with World Bank President jim young kim. And need for quality of opportunity. This is half an hour. Okay i think all of you know doctor kim. Who changed the world in so many ways. But lets just take a look. A physician, an throe poll gist. President of the world bank. Since 2012. President of dart mouth college. World Health Organization head for hiv and aids efforts. Cofounder of partners in health. 1987. Its an honor to have you with us tonight. Thanks so much for having me. So i read. By the way the wyoming answer. Part of it is the absence of Healthcare Centers relatively speaking. Right . Massachusetts would never win it. As a result. Victor. This is strategy. Next time you want to sit at the same table with dr. Kim. Three Global Cri ....
To the point about work. Ou kids when theyre are ten and 12 and 16. We dont need him them economically. Thats really new in Human History. Most economic historians estimate 30 of the value of a household was added by preadolescent kids. Under 14 yearold kids added 30 of the value to the household. Until 150 years ago. That meant you had transition from eight to ten to 12 to 14 to 16. Where you were needed and learned to work. We dont now have in our kids bellies in their experience, they dont know the distinction between production and consumption. They mostly know a distinction between progression through years in school. Which can be useful. But its not an unmitigated good. School is not a sufficient substitute for all productive cat fwoirs that exist. We need to think of education as the end. And school as a tool. A really important tool. But a tool that we ought to be able to be reflective on. Our kids they have time in school ....
Estimated. We saw consumers increased spending on health care. The backdrop, the Federal Reserve is beginning to taper its stimulus program, and ben bernanke is getting some of the credit for the recovery. I think ben bernanke has done an outstanding job. He came in at a time of uncertainty and used the Monetary Policy to great effect. You are seeing another great example of his leadership. I think there is clear transition to the next fed chair. He has made it clear that that policy is going to continue. A very datadriven policy. If the labor market continues to improve and g. D. P. Growth is strob, the fed will continue to taper. The important thing evans learned is we are going to get a continuity of policy, a new leader of the fed who will continue to be data driven and thoughtful. Of course the fed will always have critics. If the fed would only buy into the propositio ....