[applause] [inaudible conversations] [inaudible conversations] still neck good morning. Client delighted to welcome view but also those the view is in twitter that this is the web cast to take question is later use the largest places. I am a senior fellow here at the metropolitan policy aide program read it is my privilege to kickoff this auspicious event and for several reasons to welcome and helped launch day book into the world it is a red letter day for the excellent new book the smartest places on earth to rush to do pick up a copy so on the way out please do that. And those experienced economic observers not a standard inside the beltway but what some of us think are the fundamental elements of national wellbeing. Ranging from aerospace to Renewable Energy and the Technology Ecosystems critical as part of their focus with of collaboration that they accelerate that the region themselves can become incubators and to travel for decades have now come back to embrace the great healer
That is not department of education, its other departments and the government. This is a widely recognized problem that we have, that weve all contributed to including us in congress, those of us who have been in government. So heres my question, would you be willing an example, let me give an example for example when students withdraw from college a portion of their title 4 funds has to be returned to the federal government. Regulatory techs are figuring out what that is, over 200 pages in a handbook. Thats one of the number one objections they have. That could be easily fixed with financial responsibility standards, theres a requirement for audited Financial Statements for private nonprove it and for profit colleges that causes them to get expensive letters of credit according to this report. These requirements by the department dont cause dont follow accepted accounting principles, another one is that when the fapsa, the application for federal grant or loan which is 108 questions i
That is not department of education, its other departments and the government. This is a widely recognized problem that we have, that weve all contributed to including us in congress, those of us who have been in government. So heres my question, would you be willing an example, let me give an example for example when students withdraw from college a portion of their title 4 funds has to be returned to the federal government. Regulatory techs are figuring out what that is, over 200 pages in a handbook. Thats one of the number one objections they have. That could be easily fixed with financial responsibility standards, theres a requirement for audited Financial Statements for private nonprove it and for profit colleges that causes them to get expensive letters of credit according to this report. These requirements by the department dont cause dont follow accepted accounting principles, another one is that when the fapsa, the application for federal grant or loan which is 108 questions i
Than saddam hussein. Thats one aspect of it. The ore aspect the other aspect of it is that people used to have pride in their country. Now they are alienated internationally. More u. S. Sanctions than anybody else, Chapter Seven and everything else. Many class moralists are no longer there. Moralists evaporated outside the country or internally. You have the University Professor doing taxi service in the evening to supplement. That was the extent of the household. So that was an aspect. The question, i think, is many for american is more for american historians to answer than iraqis, that dimension of it. But for iraqis, we now have an opportunity for democracy. We have challenges, and nobodys underestimating that challenges. But we have the big project ahead of us. We have extremely ambitious project ahead of us. To achieve that, people want to do it in their lifetime. I think it will take generations because of the legacy took generations. Its always harder to build than to demolish.