Transcripts For FBC MONEY With Melissa Francis 20121228 : vi

FBC MONEY With Melissa Francis December 28, 2012

Possible. Swine flu panic grips the nation. Climate change is killing people. The media says life is horrible. Poverty has reached new depths. But the media missed the big picture. I was only four when i saw my motherlode a washing machine for the first time. This is a wonderful word and getting better. His grandmother was thrilled by a washing machine. She sat down and watched the entire washing program. Two, one, fire the machines coming nextr better thanks to competition. And they build school cars and space ships. Entrepreneurs do what only governments did before. Maybe cities will be built on water flow from Big Government. This is outside the United States jurisdiction. Life gets better because ideas have sex. Wait, ideas have sex . Yes. Ideas spread. When they meet they can mate. Because of that we live in a Wonderful World. That is our show tonight now, john stossel. I think to myself what Wonderful World what a Wonderful World . What are they talking about . All we hear from the media is doom, unemployment, pollution, social conflict, all the things exist but couldnt once in a while someone put it in perspective . This man did that. I usually dont like to put on Swedish Public Health professionals or danish Public Health professionals they put you to sleep but this gentleman has caught the worlds attention because he gave a tech talk, Technology Entertainment design, many are boring but his talk has been viewed 100,000 times. Here is part of it. I was only four years old when i saw my motherlode the washing machine r the very first time in her life. Even grandma was invited to see the machine. Throughout her life, she had been heating water with fire hood and hand wash laundry for her seven children and sat down in front of the machine and she watched the entire washing program. To my grandmother, the washing machine was a miracle. But there are seven billion people on work and most have no access to such miracles. Two billion have access and the remaining five billion, how do they wash . They wash like this by hand. It is a time consuming labor which they have to do for hours every week. They want the washing machine. They dont want to spend such a large part of their life doing this hard work wit so relatively low productivity. But when i electric truer to environmentally concerned students they say everyone in the can world cannot have cars and washing machine. How can we tell this woman she will not have a washing machine . You students dont want everyone to have a washing machine . They have not thought it through. They get concerned about one thin and forget reality. I say how many of youhave not washed your jeans or sheets. One boy said he hand washed but there was an e circle around where he was sitting. It is sort of a we like it because it saves so much time. That is part of the Industrial Revolution that everyone wants. When they say lonely the power station, and long live the chememical processing industry. He corrected me, and this video was not viewed by several hundred thousand buty how many . Total, ten million. And you do a presentation, that most of history people were miserably poor and died before age 40 and only recently things have changes. Did you a chart this is life span. This is wealth. For most of histstory, pele have been down here, only recently, the United States and some other countries are here, but many people are still, we have it here, stuck. Guest this is 180, 1800 everyone was sick and poor and they started to move. This is a representation of what you should look at on the web page and some this is britain. This is when britain was richer but the United States decided to catch up. And now this is australia and new zealand. Now at turn of the century, United States is pushing forward with technology and the market economy and they have a lot of good Public Health things being done and the rest of the world that is dominateing india and china, but in the 60s they missed. The market economies are good and they grow their economies and they are catching up. Today when we land, 2010, these are the countries that borrow money to the richest when they have their problems. In my mind this raises two questions, or two amazing results from this. There have been thousands of years of Human History and everyone was stuck on the lower left for thousands of years, it has been 200 years that you have all of this activity and how come some countries are still stuck . It is easy to understand. The best message today is that most of the african cntries are now in fast Economic Growth. They have corrected the wrong market ideas they had 20 years ago, and they have a much better education than, and tanzania is similar to thailand in 1972 and soon we will see african countries doing good. This is wonderful. Our problems are solved w know what works and we will be rich. Guest no, we have this problem with two billion human beings in poverty. I did most of my research in the poor part of the world. All poor people are clever otherwise they would be died. If you are poor and stupid, you die. They dont have rule of law . Guest they dont have rule of law or access to credit and they are locked in a vicious circle poverty. It takes a small investment to get them out of that. To me it shows the aptitude of people. When a young couple decide t grab if the kingdom and to have two children, they invest in the children and they take off. We have twochild families from here and onward. The world is governed from that. It is not the big corporations or banks that run the economy, it is the young couple who decide to work. When they are educated with wealth they. Are helpful. This fantastic investment in vaccinations that helps so do you not have a kid who is physically handicapped for life, that drags the family down. The wa that government sources are used is crucial. There are some things like advancement and research and Primary School we need the government money but it has to be controlled. Thank you, sir. Next, you want to live to be 150 . My next guest says the first person to do so my have already been born. It might be you. Do you want to live to be 150 . I dont. How advancesn medicine may change everything. So asasasasas most of Human History people died by age 30. 30 year was the average life span for thousands of years. Only with the Industrial Revolution did that change and it changed quickly by 1850 the average life span was almost 40. 50 years later, 47. By 1950, it was up to 68. Now, the average in america is 78. 76 for men and 81 for women. The numbs will only go up. And up. The. Their of a book called 100 plus, the coming age of longevity will change everything. Everything . Guest everything. How much longevity . Guest i take the premise it will be possible in for average Life Expectancy to go up to 150. There is someone alive today who will live to be 150 . Guest absolutely. Is that creepy . You will be shriveled . Guest no, we will be healthier for longer, and energetic and enjoying kes. Because they invent body part replacements. Guest that is a lowhanging fruits. Scientists have created brand new humoring begans using a persons adult stem cells so bladders, trachea, human blood vessels, they have been created already. So, assume we acce this, we are healthy, what happens to your life . You work longer . You change jobs . Dont you get sick of it . Guest the exiting is, there will be much more opportunity. Right now, with the average life span of 80 years, if you want to be a doctor, a lawyer, and an entrepreneur it and tough to have all of those three years because two of the years require a lot education. When we have longer healthier lifespans we can go back to education and tryew years we would not have tried otherwise. They will change families . Guest we will be around longer, there is more potential to have more marriages and of course fertility extends, there could be different types of family structures. It wil be more diverse. You could have a sibling who is 50 years younger in. Yes. Some of this creeps me out a bit. New york times oped they write silly things and they said, people shld not live longer, you will lose purpose in life. I met a guy who said i am 69, if i make it to 75,ll done, ive had it. Dont you lose the edge . Is there a natural cycle . Guest i think people tend to say that because they assum as you get older you also get ill but when thats the case, you do lose your lust for life but if you are healthy and energetic, there is so much more to do and you think about it, you never have enough time to do everything you want, do you . We need more time. There was a profile of the person, the billionaire who wrote the forward to your book, and it was silly, and a silly things they said was that this extending life is not a good ideabecause the technology will be available to rich people first and it will add to inequality. Guest that is a kneejerk reaction but we hear that when you talk about any type of new technology. Think when cell phones first came out. Only the rich people had cell phones. Yes, they were the size of a brick and you carried around in a briefcase and it is a good thing they funded that technology becse it led to cheaper devices that we now use. Eventually, your point, is it will get to everyone. The guy who wrote the forward says the biggest inequality is define those who are alive and dead but the rich people experiment first, they will get hurt first by the mistakes. Guest that is right. They take the most risk and put the most capital forward. In some ways it is good that happens. The biggest question, how long does it take between the rich getting it and the poor getting it and that is shrinking for new technology. That divide. Thank you, sonia, more on our Wonderful World. Despite what the media whines about, it is a Wonderful World. More on that when we come back. John is 42. Mortgage. Married. Two great kids. He wants to protect his family with a 500,000 term Life Insurance policy. What do you think itll cost him . A hundred dollars a month . Sixty . Forty . Actually none of the above. John can get a 500,000 policy from a highly rated insurer for under 25 a month. His secret . Selectquote. Selectquote is impartial. Theyll search the pick of insurers like these to give you a choice of your best prices. Selectquote has great savings on term life for women, too. Johns wife carrie, can get a 500,000 policy for under 16 a month. Selectquote has helped make term Life Insurance affordable for hundreds of thousands of people since 1985. How about you . Just call this number or visit selectquote dot com. Google. Intel. Ebay. Yahoo, think of the wealth they created. 100,000 millionaires. And south africa Computer Program has it easier than when the indians want to come in but they have to wait six years. So, what if america did not let google or yahoo founders in . We would have lost a lot. So, since american politicians are not taking steps to change the rules to allow more entrepreneurs to come here to work, dario and max, my guests, have set out to build a ship and keep it off the coast of california outside the reach of immigration controls and foreign entrepreneurs could work here, is that the idea . That is correct. We are creating what we call a visa Free Technology incubator on a ship, 12 miles off the coast of the bay area. Definitely miles escapes the rules of the United States. Guest it is outside the territorial waters. The idea is and you are from the Silicon Valley area, that you can come to america with a work visa and work three months or six months but you cannot stay so you have the four engineers on the boat and the Silicon Valley tech geniuses go back and for the and work with them . Guest when you come for a few months on tourist or work visas you cannot work, so there is no avenue where the entrepreneurs can come hour and create the companies which create the jobs and the Economic Growth and the prosperity and t Silicon Valley on the map. Time is needed for the companies to grow and enable them to have that period of time to meet relevant investors and they can grow. It is an incute baiter to get the Small Companies to be able to blow. You call it the blue seed project . Why not green egg . Blue because it is on water and seed is a Small Company before it grows into the next google or facebook. It is the google plex of the sea. Guest we are familiar with google, the real google plex where intelligent and creative people can work in a fantastic set of circumstances. That is what google called office space station. Guest a nice environment, which is conducive to creation of new products and new companies, and we like to copy that model on our vessel. You cam up with this idea after graduate school . Guest when i was in graduate school i got my mba from the university of miami and many people from all ports of the world, india, europe, china, who wanted to stay here after they graduated and work on their companies, create new startups, but they were unable to do so because after you graduate you get a job with an existing company or you leave and for many them that was not a good option and they left and took their ideas and companies th them. So they get their fancy education here and go back to indian or somewhere else. Guest we would like to stem the tide and keep them closer, and bring them back to the United States so they can create new jobs. And new companies. If they worked for a company they could have stayed . Guest if you get sponsored by a Large Corporation you can get the prop visas to work in the country but you cannot self sponsor and you cannot be here and create your own startups without going through some pretty significant legal work. To build this big ship where people live cost as lot of money and people are actually giving you money for this . Guest the face book funder and creator of pay pay pal is helping us and bringing in a number of investors. He will give us a significant fraction of what we still need to raise our seed funding. We called one of the large Immigration Reform groups, they call themselves, they limited on immigration, and they said they could have paid a higher wage and found americans to do this engineering work. This is nautical grandstanding. Guest i would like to address that. Basically, it is a way for companies to come so instead of leaving the United States they will be coming into the United States and it is the opposite of what that gentleman mentioned. And you are both immigrants yourself. Guest yes. My parents are from cuba. They came over when castro took power and now they entrepreneurs. You are from yugoslavia . Guest yes from the ex yugoslavia. There is something about people who want to leave their country and go do a new country that makes them more likely to not only kill us but to build somethg. Guest they have the entrepreneurial spirit. That is what boosted the can do attitude which is the american trade that has a lot to do with a fact that this is a nation built by immigrants, so, try to provide a solution to a problem, an entrepreneurial solution ourselves. You are doing that, so, thank you, car i dont and max, coming up, ideas have. Sex. What . What . That sounds inappropriate the my quest says it is what makes our world so wonderful. He is right. He will explain when we come he will explain when we come back. Excuse me, sir im gonna have to ask you to power down your little word game. I think your friends will understand. Oh no, its actually my geico app. See . I just uh paid my bill. Did you really . From the plane . Yeah, i can manage my policy, get roadside assistance, pretty much access geico 24 7. Sounds a little too good to be true sir. Ll believe that when pigs fly. Ok, did she seriously just say that . Geico. Just click away with our free mobile app. [beep] [indistinct chatter] [kids talking at once] [speaking foreign language] [heart beating] [heartbeat continues] [faint singing] [heartbeat, music playing louder] im feeling better since you know me i was a lonely soul, but thats the old me. Announcer this song was created with heartbeats of children in need. Find out how it can help Frontline Health workers bring hope to millions of children at everybeatmatters. Org. Now, lets talk about ideas having sex. You have one idea. She goes to a bar and meets another idea. They get together and days or months later, i am not sure how it relates, but a baby results and the baby has the best traits of both parents. When this happens a lot, everyone gets smarter and the world gets better. I know this seems like a weird concept. It seemed weird to me when i first heard it but t more i thought about it the more right it seemed. Now to a british journalist, the reason, you say, life gets better is ideas have sex, in effect. Guest ideas spread through exchange and trade and when they meet they can mate and you can produce combinations of different ideas. Ploy favorite example is camera pill which takes a picture of your inside coming about after a conversation of a guided missile designer and agastro interologist. The meeting of ideas causes innovation in culture. The genes do not have brains, they can meet and you get something bad. Guest that is true. It is true with us. You can combine two ide and come up with a worse idea but no one picks it up, no one takes it off. If you come up with a better idea it spreads at the expense of the baddie and the recombining and what we do. The more we trade, the more we exchange, the more it happens. And the better life gets in general. Guest absolutely. Our Living Standards have shot up in my lifetime. The average income of the average perso

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