Down payment or monthly payment, they were lumped together and sold into the global market. As soon as people look and see they have no value, we have 21 of subprimeion carbon assets. We are challenged to make the right decision where that is concerned. Mark carney gave an amazing speech, which i commend to you, about the risk to the Global Economy inherent in stranded carbon assets. He called upon the u. K. Business community to look at the to look at the fact they are overinvested in carbon and to look at the enormous opportunities inherent in decarbonizing. When we were floundering in the great depression, the Global Economy was lifted not by roosevelt that by the mobilization of the v fashion. The postwar economic boom was brought about because there was a shared conviction that we needed to do things differently. The entire world moved in the same direction and unlocked that amazing economic dynamism. We are a situation where the we are in a situation where the conventional tools
That they are over invested in carbon and to look at the enormous opportunities that are inherent in the carbon i think, installing solar equipment and one final point when we were founded in the great depression, the Global Economy is lifted up i was about to give up by the mobilization detached of them here at the post post the postworld war ii was brought about partly because there was a shared conviction that we needed to do things differently. But that the united nations, world bank, imf, nato, new trade agreement and the world moved in the same direction and a lock that amazing economic dynamism. Now we are in an Economic System where the conventional tools for lifting it up, much less recovering, if we had another downturn in the Business Cycle which does happen from time to time, usually they drop Interest Rates by 4 or 5 and now they are zero. Traditional tools do not work. We need an inspiring, collective, global, morleybased mission to create hundreds of millions of new jobs
Does anybody know the answer to that, how it is being done . Should we be thinking about creating one . Dr. James leduc . I go back to the analogous analogies with the sars outbreak, and at that time both cdc and who led an aggressive effort to make sure that the virus was available to the International Scientific community for analysis. That went very well. I was at cdc then and spent a lot of time packinghouse strains of sars to share with others. So that worked very well. I do not know what the problems are in that, but i suspect it starts with the countries to have ownership of the material. But it is more complex than that, and i really do not have any answers. Okay. I will move to the next question. Medical school. Thank you all for your work and presentations. I wanted to also thank dr. Daniel bausch for bringing us back to the reality of the fact that it is in west africa and the bulk of the diseases in west africa have spend a good time backandforth in liberia. And i can tell
And strategic thinking, all of what he is up to around the world, including the rebalance to the asia pacific and other topics of interest and after that well have a bit of a conversation up here before going to you. I just wanted to say a couple of words of appreciation and biography about admiral greenert. He is a native of pennsylvania. I believe quarterback country as they say so maybe we should get you into the mix on saving the redskins as well as all the other things you are doing around the world. 1975 graduate of annapolis. A submariner by profession. Has commanded attack submarines and Ballistic Missile submarines. Commander of the u. S. 7th fleet and various other jobs. Major part of the planning and nh shop of the navy, as well prior to his current position as the chief of naval operations. Hes been in that position now about three years. Which makes him part of a remarkable class of joint chiefs who came into office in that year. Admiral greenert is joined by general oddno
Rules of the road for how the navies interact, some of the safety and hotline measures that the u. S. And soviets had in the cold war . Would we be well served by introducing more of those into the u. S. china relationship . Let me answer your last c question first, we started a dialogue. It is relatively routine right now. Periodic, perhaps predictable. I think it follows suit that we have a means to discuss, both continue our deliberate processes, but also when we have these untoward incidents. What are the intentions and how do we manage this growing entity that were going to share the South China Sea and East China Sea . Were going to be there and they acknowledge that. That brings me back to the rebalance if i could ask a couple more questions on that. You itemized some of the specific things youre doing with more destroyer capacity in japan. The four littoral ships going to singapore, submarine to guam, et cetera, a number of specific changes and initiatives but i wanted to ask y