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The insurance market for senior care and housing facilities has emerged from the volatile period of the pandemic and is again responsive and competitive.
>> neil: the internet boom, the technology boom created these revenues that went a long way toward addressing deficits that turn into surpluses. now that boom turned into a bust. i understand. dramatically raising taxes on everyone or hacking spending for everything, how do you get a handle on this? >> i think you take a look at the numbers. what one could properly conclude, if you take a look at it, we really don't want to take that thought on 20%. the bottom 20% of people in america average $2,000 a year of income. they post transfers from the government at about 21,000. $21,000 a year of in...
Off the computer revolution. >> did you realize. the mid-70s. it wasn't called silicon valley then. g you have the start you had this extraordinary technology boom. >> andy's partner said every two years will cut in half the costs of computer or double the performance. it's extraordinary. it's been going on for 50 years now. it's a remarkable force. >> how did you get from there to then venture capitalists. >> i was at intel very happy pursuing my career learning from andy and others. and i got a phone call from a friend wo said there's this perkins buyers firm that wants to hire a young assoc...
Was talking about have been an arab group come together to fight these. we need to be working with our local partners and have them be our boots on the ground in order to destroy the threat. >> all right. we'll be watching. congressman, good to have you on the program. thank you very much. we appreciate it. william hundred from joining us. what the technology boom means for jobs and the economy in your backyard. even if you don't live in silicon valley. the chairman and president of the san francisco federal reserve is with us next. that and more as we look ahead on "sunday morning futures."
>> there have been both years of fat and years of lean. >> on the mercantile exchange in new york, prices for crude oil, gasoline and heating oil tumbled today. >> but shale exploration has transformed the landscape and world energy markets. three dimensional drilling fracking and state of the art technology have opened up vast stores of natural gas. >> technology-driven energy today is what's phenomenal. >> america's thirst for foreign crude is drying up. and there's change in the air in texas as will. wind turbines generated 10% of the state's pourer over the past year, and some experts say ...