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Lubrizol CEO James Hambrick on improving education, particularly in science, and the state of the U.S. economy and job market.
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Look at how -- you've spent much of your time here in Cleveland at different points of your career yet now you've made at home.
What would happen if if you eventually set on ready to retire which of these Cleveland or is this the place we forget its this is home for us which we're we're committed to Cleveland Alan.
-- when they comes at a hang it up will retire here we're not going anywhere it out except it's a company that has a corporate -- because one of the things we were talking about before the show was it how do we get -- Schools -- how -- we see that improvement kind of thing.
So how would fall do you get as a resident of the state of Ohio.
Took to look at things and save we've got to get our education up to speed you're looking for chemists are we turning -- enough chemists in our schools.
Science education and in America really needs some dramatic improvement there are many of us here in Cleveland who -- active.
But only in the city but in the region.
Most of the primary level -- -- secretary global love what's with science education being Paramount how do we get people of the interest at an engineering and science.
Well it's actually first of all it takes good teachers did it takes a good curriculum than it takes good schools -- As we all know.
The teachers can make all the difference in terms of -- turning on -- curiosities but it really takes a whole number of things to come together.
-- you look at what's happening today we got the jobs number unemployment dropped to seven point 8% on the surface up but it looks good some people question the number.
The household survey came out it looked like some 876000.
Jobs it was part time work were improved what do you see out there in the trenches as a business leader.
Well.
You are underemployed there's no question the economy is not creating as many goods solid.
-- -- high paying jobs.
You know that that they -- business people what's the problem is that uncertainty well I don't think it's so much uncertainty is.
He actually have to you have to have in the increase in the demand for your products that justified the need for more manufacturing capacity mob of more employees.
And there isn't -- -- there's -- point effect for will result for example in 2012.
Our volume is is less than it was last year so.
There's not a lot of justification and in the slack demand economy to to -- production -- more -- -- -- -- gonna say so you're not hiring right now -- are currently are at what are you hire help would -- primarily professional employees and primarily because our business just so global primarily in Asia where there were the developing economy.
While a lot of taken a -- we do expected it'll continue to run for numbered years in the future.
So Asia flat if there's a bright spot it's North America Latin group result exit -- of the business world absolutely wherever wherever very good year consider and so -- -- has Warren Buffett converted due to the cease.
Get peanut brittle and let the Jericho all we all get we'll get a package at Christmas and we get a we've also get a token at the end of the occasion of the annual meeting of course.
So we other nasty -- specialty chemicals that the captain though he has not.
James Sanford great to see you thank you so much for joining thanks you so much of Europe around -- now absolutely not technically don't -- -- about that we need a better -- there that have.
Thank you so much at a time when clerics CEO president and chairman of Lubrizol -- -- Fox Business exclusive doesn't give a lot of interviews.
Comes here to talk with Fox Business because we're talking about Cleveland opened for.
