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Speaking of which our next -- is -- the world economic form for more than twenty years he's.
He co-founder of the Clinton Global Initiative and a creator of the New York form as well now the fourth set to kick off next week here in New York will focus on.
The one topic that's impacting the entire world jocks with this now as Richard at TS.
Founder chairman of the New York economic form.
Welcome to you.
Thank you good afternoon good afternoon 700 participants expected next week.
90% of which are telling me our members and business community so why don't politicians here.
I think we should hear more the voice of the business community when I stuck to the New York -- last year.
I might conviction was that part of the solution if you -- -- 90% of the solution.
Of the global he issue that their economies facing should come from the private sector should come from the business leaders who are not hearing that voice.
So I think pieces of fruit trees and the second reason is we need to share best practices from all over the world I don't think we should expect everything from -- -- So bringing around the table CU is from -- -- from nineteen America from Europe and of course some United States should help -- also.
To find few solution that we can experience.
What are your thoughts on the best solutions for job growth and you think that we can expect to hear some ideas and practices going on that are more successful in other countries that we could apply here in the United States.
Think it's difficult to know what would be the medical solutions I think we have to experiment different solutions.
It's his most important definitely.
I think we should start by.
The corporations and the company to recruit.
And employing people by -- reducing -- about these people but to social.
I think we could also.
Creates some incentive to and put some phones for infrastructures if you look at united states of primary guide to country which 3-D -- -- door.
I moved to the United States few years ago.
Based on the conviction -- -- steal a amazing reservoir.
Of -- TV feed of innovation but the same time when you look at some infrastructure.
Story for gave me by -- to be cut politically correct.
But some -- as it looks like -- middle age.
If you comfort to some countries.
Let's -- -- the potholes and midtown Manhattan we get it so I.
Let me ask you this excuse me for -- -- but we're in this arrow where we're facing.
Serious debt crisis were looking deeper spending cuts here in the United States on a federal level state level.
As well entitlement reform.
You're suggesting incentivizing -- business leaders lowering taxes how'd he do that in this more austere -- Think we should not -- the major issue where facing with the partisan approach.
And fortunately -- defeating -- the country.
He's already thought seeing a political camping for the presidential.
But they -- to be -- recuperate is not steeped in.
And we should nuke all together not being part season.
On all of the solutions.
And we should definitely continue to support financially the economy how do you -- -- -- -- -- more involved.
Old Tiffany QVC's BC's black -- to the New -- for is to try to have than that to have been more involved.
We should put that are on the table.
We should listen to them.
We should even start to be to some -- forces I'm very happy.
Proud bed because of the president's council on jobs and competitiveness.
-- -- -- -- -- -- -- -- -- -- -- then we've all of their members why are coming from the private sector so -- would be the beginning of the dialogue between the public and the private sector.
And the idea right he's spread that risk around so if you get private sector for example venture capital investment with.
There's a program called startup America right two billion dollars backed by the small business association matched by BC.
And therefore you're spreading the risk around so is that something that could be applied more broader scale.
Absolutely and I think we should go so convenes the -- -- -- news.
The CEOs of large corporation to have more obligation to be more audacious I think we need to bring.
The spirit of the stocked up in all of the companies we need to know to to be able to gain to take risks.
Of course not I'm not talking about finance for priest but -- on some I would say industries where we know -- is it varies a future -- -- vision.
And we should also.
Give back to I would see the come -- use the love to work.
Because we -- asking them and not in the past three years to do more we -- because all the Saturdays where frozen.
So I think that the company when making big profit and we are we have companies who thanks to good -- making now a lot of profit they should invest.
Been creating jobs it's an investment it's not an expense.
Richard I'm curious for your thoughts on V8 hundred billion dollar stimulus that was put into the economy height of the financial crisis.
Do you think that was successful.
I think intent not to have huge -- -- which would have been a catastrophe.
I think that we should have taken part of -- to minutes.
I would say some bank of innovation to -- this morn and medium size companies because they think you TVs.
-- -- entrepreneur untrue I would cities you'll companies you'll project.
They can create a lot of jobs so we should also had to be -- as you'll entrepreneurs to have access to financing.
But I think it was a -- -- -- liking greets you know we could make an analogy with another country in Europe I think it's been non choice to -- Greece and to support financially degrees.
Because if you -- -- itself or global sees them which would fade.
Impact would -- Richard will you come back and talk to us about some of these findings the outcome of that economic forum next week.
Yeah absolutely because the idea is to come with a white book and to send these proposals coming from the private ticket to the G-20 -- we'd be happy to come back into present to you.
First the proposal Richard at TS wonderful talking today thank you very much.
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