>> from our studios in new york, this is "charlie rose." charlie: tshering tobgay is here. he is the prime minister of bhutan.

he led bhutan's first opposition party. he is working tuesday or his country through its transition to democracy. it is one of the leading countries in environmental conservation. 60% of national forest are protected. it is being challenged to find a balance between the pursuit of happiness and economic growth. i am pleased to have the prime minister here at this table for the first time. the next time will be in bhutan. welcome. prime minister tobgay: thank you. charlie: for many people it has an image. for some it is a shangri-la.

it is much different than that. prime minister tobgay: it is a kind of shangri-la. it is in the mountains. it is tucked away in the himalayas. but the reality is we are not just one big monastery. we are people. the country, the beauty of our country is that it rises very quickly all the way to 7500 meters above sea level in a span of time. charlie: 800,000. prime minister tobgay: 750,000. eight football stadiums. [laughter] it is spread throughout the country. our country is divided by tall mountains, narrow valleys. we do have problems getting from place to place. the country itself is 38,000 square kilometers.

a little bigger than maryland. charlie: most people are buddhist. prime minister tobgay: most vajrayana buddhism, and we are the last surviving vajrayana buddhism country in the world. charlie: what does that mean? prime minister tobgay: there are different strains of buddhism. there were different kingdoms in the himalayas practicing vajrayana buddhism, tibetan buddhism. we are the last surviving nation whose state religion is vajrayana buddhism. charlie: feudal until 1953? prime minister tobgay: yes. charlie: the first roads around 1962. prime minister tobgay: 1961 we started constructing our first

motor road. my mother worked on that road. charlie: wow. prime minister tobgay: the entire country had to come together. now we have 750,000 people. our entire population had to come and work on the road. my mother was one of them. charlie: and your dad was a soldier. you were educated in the united states. prime minister tobgay: i did my high school in bhutan. i won a scholarship to study engineering. i wrote to the best 10 engineering colleges, and the university of pittsburgh. i have not regretted it. charlie: yes. prime minister tobgay: i returned later to cambridge,

massachusetts. charlie: then you went back. prime minister tobgay: i went back after my college, my engineering degree. i studied mechanical engineering. most of us, after college, regardless of where we studied we have always gone back. i joined the civil service. charlie: working in education. prime minister tobgay: focusing on vocational training, and then i got a degree in public administration. charlie: then you felt the lure of politics. prime minister tobgay: i didn't feel it. nobody in bhutan felt the lore of politics. [laughter] we are in transition. we are a full democracy with democratic institutions. we are a vibrant democracy. the transition took place in the 30 years leading up to 2008 when democracy was established.

charlie: how was that? prime minister tobgay: our false king, very gradually he was training us in the principles of democracy, and governance. he devolved power and authority from the throne to the people step, gradually. in 2005 we heard about democracy. 2006 we knew he was serious. by 2007, 2006 he had abdicated in favor of his son, the king now. the entire country was unhappy. charlie: why did he do this? who educated him, who informed them, who influenced him to create a constitutional monarchy? prime minister tobgay: -- what he told our people repeatedly is that no one person can be

guaranteed to be good for a country. for the long term interest of the people we have to accept democracy. we really didn't want democracy. i didn't want democracy. our country was doing well. we had social progress delivered growth. environment was pristine. our culture was vibrant. we had opportunities to take part in the democratic process. we have the rule of law. everything was optimistic. we were hopeful. he insisted we have to have democracy, so people were against that idea. he said i am serious. we have to have democracy, and for those of you who feel that you can serve in that capacity please step forward.

that was when, february 2 007, i resigned from my job in civil service and entered politics, not because i felt the draw of politics but the sense of service. charlie: a sense of service. you went from being a civil servant to being a political player. prime minister tobgay: yes. there was a transition from being a civil servant to being someone who is lost. no idea of politics. who had been in harvard a few years before, but studying public administration. it didn't occur to me that i should study fundraising and campaign organization, and political party organization. there were many months i was absolutely clueless on how to go about my job. charlie: how money members and the opposition party? prime minister tobgay: we got a

walloping. [laughter] prime minister tobgay: the national assembly has 47 members and we ended up with 2. i was met opposition leader by my party, because i joined the party first. [laughter] we spent five years in opposition. the ruling party had 45 members. charlie: talk about the 2013 election, and the royal family. a lot of them, the princess, the sister of the president king she went to stanford and harvard. a lot of people have gotten western educations and come back, whether it is the royal family or people like you, because they love the place. prime minister tobgay: we love

our country. the sacrifices that our parents have made for our country, and all of us are very aware of the sacrifices our king have made for our country. our kings don't have any property in their name. they have dedicated their lives for the service of the country and their people. our fourth king became king when he was 16 years old in 1972. he wanted to develop the people. he wanted to have an economy going again. he refused to compromise the integrity of our environment and refuse to cut the forest and mine minerals. charlie: 70% of the country is forest.

it has to be more than 65%. prime minister tobgay: the constitution requires 61% forest. charlie: you have clean air. prime minister tobgay: it is pristine forest. a lot of it is pristine. more importantly, much of the forest, all of it ranges very quickly from dense, hot, humid subtropical jungles through cool temperate forest, all the way to pastures, all this happens within a short distance, and we have very clean air. charlie: conservation is an important part of what you believe in.

he will talk about that. when things are changing there primarily the gross domestic product. almost $2 billion. prime minister tobgay: $1.7 billion. charlie: the principle is hydroelectric power. prime minister tobgay: there are 500 billionaires in america. charlie: and your gross domestic product is 1.7. prime minister tobgay: but we don't feel poor. our children are given free education. good colleges. those make it to college are given free college education. they have to work hard. we have free health care. free consultations. economically we can do more. so far so good.

however, we have increasing unemployment. charlie: you talk about unemployment, corruption, you have modern problems. prime minister tobgay: yes. it is not shangri-la. charlie: but when you campaigned, you made small promises. clear, small promises. yes, gross happiness is a good idea. that is the standard, and it is something about our culture, but we have to be real and look at our problems, and we have to work hard, and create a place where others want to, and invest for our own economic future. prime minister tobgay: gross national happiness is a development philosophy articulated by our kings. our fourth king has said it is more important than gross national product, what you said

during your introduction. our current king says it is development of values. gross national happiness is carefully balancing material growth, which is important, this is important, but balancing economic growth with inclusiveness, social, all within the frame of good governance, that takes hard work. charlie: globalization is a good thing. prime minister tobgay: essential. and if used well, good. charlie: how will you change? prime minister tobgay: how will i change my country? my job is to serve my country. charlie: problems like unemployment, like corruption. problems like these shortage.

your job is to change those things. change poverty. let's get things in perspective. unemployment rate is 2.6%. our problem is youth unemployment. youth unemployment. we need to create jobs, have industries, investment to create jobs for them. while this is a problem, i acknowledge it is a problem, i don't want to see a single bhutanese boy or girl unemployed, but we have to be deliberate in the jobs we create. corruption is not a problem more than it is a risk. charlie: you are saying not that it is they are, that it could be there. prime minister tobgay: it is

they are, but not at levels most people elsewhere experience. and international corruption, we are ranked number 30, and we can do better than that. we should climb up the ladder. it isn't really a problem. it is potentially a problem that will keep the poor or and perpetuate debt and income. charlie: where are you on the perception of happiness? prime minister tobgay: i'm not sure. bhutan is it measured internationally and happiness. we have done our own surveys in 2010. we surveyed 7500 people and did a comprehensive survey. charlie: what did you find? prime minister tobgay: on a scale of 0-1, we ranked .743. not too bad. charlie: you were saying we have to work hard.

to say that to them you must be suggesting they have not worked hard enough. that they may have become complacent. prime minister tobgay: yes. we can't take things for granted. our economy is small. we have been given everything. health, education, infrastructure, social security, our culture, our environment and you mentioned conservation we have to work to keep our culture vibrant. we have to work hard to ensure our environment is protected. we have to work hard to ensure that our future generations enjoy free education and free health care, and that we have an economy that can support this. charlie: where would you act to see your country in 10 years?

prime minister tobgay: self-reliant, economically self-reliant, self-reliant in the manner that it is our economy is green and sustainable. charlie: you are carbon neutral now. prime minister tobgay: we are carbon negative. [laughter] prime minister tobgay: by some estimates we sequester something like 6.3 million tons of carbon every year. we generate only 1.5 million tons of carbon every year. the carbon we generate is from farming. most is from agriculture. charlie: that is what you generate the carbon. prime minister tobgay: most of it. charlie: what can you do about the poverty? prime minister tobgay: create jobs, most poverty is in the rural areas. improve agriculture. improve agricultural productivity. we are trying to promote natural

farming, organic farming so so farmers came improve their income. in our urban areas young boys and girls who have completed colleges, we have to get them good jobs. charlie: what is the program you have with the world wildlife fund. what is that? prime minister tobgay: 72% of our country, as you know, is under forest cover. the constitution requires 60%. we will be carbon neutral for all time to come. more than half of our country is protected as national parks, wildlife sanctuaries. the beauty of bhutan is that these protected areas are interconnected with biological corridors. charlie: what is that? prime minister tobgay:

undisturbed tracts of land were animals and birds can migrate and go from park to park rather than be isolated in one area. when we say more than half of our country is protected animals can traverse the entire length and bredth of our country. on hundred meters above sea level in the jungles, tigers spotted at 4200 meters above sea level. royal bengal tigers. our camera traps have spotted tigers with cubs. now we need to protect this. we have 700 species of birds. in this small country. one of them, the white bellied heron, there is only about 150 in the world.

i don't know whether a proper account has been done. there are only 29. we have to protect our ecological system. it is rich, it is pristine, but we have to protect it. the government spends $3 million per year for park management but that is not enough. charlie: this ought to be an attractive thing to create, to have a world like this that is green, that has these advantages. for visitors to come to. prime minister tobgay: it is not for visitors. that is the bonus. we have to -- our kings have given us a very rich environment. we have to enjoy this environment, and we must do our part to nurture it and handed over to the future generations not just for our future generations, that for the world. this is a natural asset that

belongs to the world. we have competing demands. we mentioned employment, our economy, schools, hospitals. the government is spending $3 million a year to manage the parks. we need more, something like $10 million. in five years, revenues from other parts of the economy will be able to raise enough revenue to finance the management of our parks. we need a transition fund. it creates that transition. we are raising money to allow us access to funds, to spend during the first two years, in addition to $3 million we have committed. as the transition fund, as we

deplete the fund and invested, the government will increase our investment, and we will take over. this is a project, a classic wall street financing model. a project financed for perpetuity. charlie: the first visit the prime minister made was to you. to your country. prime minister tobgay: barely three weeks after his swearing-in. charlie: india has shown great interest and has given you funds to support hydroelectric power. what else is the benefits of that relationship? prime minister tobgay: india is our immediate neighbor. we are extremely close. our friendship is based on trust, understanding cooperation. our relations with india transcends political parties.

our leaders, and our kings. they have been very generous. a lot of development, they provide development systems. economically they are the main investors in the hydropower projects. we have a role model relationship politically. in terms of economic cooperation, the centerpiece is hydropower. we invest together to build our power stations. hydropower is the cleanest because it is not a dam. india buys all of our excess power. charlie: what about china? prime minister tobgay: china is our neighbor. we have good relations. charlie: not as good as india. prime minister tobgay: not as deep.

we have a border that has not been finalized with china. charlie: you have some disputes there don't you? prime minister tobgay: we are discussing the border and we need to finalize the border. [laughter] charlie: how is that going? prime minister tobgay: we've had 22 rounds of discussions. i think there are serious discussions. charlie: because of the royal family as well as you, receive your education here in part, do you feel kinship with america? prime minister tobgay: yes. [laughter] charlie: what is the relationship like? [laughter] prime minister tobgay: from hotdogs to baseball and football. two friends. and people like you, i have seen so many of your shows. charlie: thank you. prime minister tobgay: many of my professors, some of my best friends are from america.

charlie: most prime minister's who come here don't challenge the president to play basketball. [laughter] he is bigger than you are. prime minister tobgay: he hasn't taken that my challenge. [laughter] i must clarify. charlie: which part? prime minister tobgay: the basketball part. charlie: you didn't challenge him, you would like to play with him one-on-one? prime minister tobgay: i didn't play a lot of sports at school. i did play a little basketball. i enjoyed it. charlie: the nba. how long will you be the prime minister? prime minister tobgay: i have 3.5 years to go. charlie: is that it? is there a term limit? prime minister tobgay: i can be prime minister for two terms but you have to run. charlie: this will run through four or five years? five years. then you can run for reelection.

2023. right, so you will run for another term? do you love it? prime minister tobgay: i will campaign. charlie: and hope you get elected. prime minister tobgay: do i love it? service is a fantastic thing. it is a fantastic job. charlie: does that come from your religion? does that come from your parents? does it come from the culture? prime minister tobgay: it comes from the culture, religion, our community. it comes from my kings. this is why most of us wear a badge of our kings. i wear it as a reminder. charlie: people love their kings. prime minister tobgay: we love our kings. i wear that's as a reminder. every decision i take, i remind myself, is this the best decision?

all of my decisions can't be correct. i asked myself, is it the best decision for my country and my people? charlie: and will my king admire what i do? prime minister tobgay: he is a conscience. charlie: a conscience. the princess is involved with the royal institute of legality? prime minister tobgay: law. charlie: what you hope to accomplish on this visit? prime minister tobgay: my priority has been conservation. i have been preoccupied by stabilizing the economy, looking at how we can deepen the economy, looking at how we can structure the civil service so we can get more done. i spent two weeks working on

performance agreements with our civil servants. delivering on our promises that we made during the campaign. the danger is that conservation of our environment may be left out. i have blocked two weeks just to focus on conservation, and how to look after our protected areas, more than half our country. charlie: see you can have industrialization to whatever level it is possible, and not do injury or violence to the -- prime minister tobgay: yes. but we don't need to have industrialization that even harms. you can have it that is good. hydropower is not just good, the power we export to neighboring india would replace dirty fuel. i have been promoting green data. charlie: what is green data?

prime minister tobgay: data centers that run on green energy. this is a big possibility. this is an example, all industries don't have to pollute. charlie: how has the internet and technology, which came late, in the late 1999, how has that changed bhutan? you didn't have television. prime minister tobgay: i will tell you. you mentioned after the first elections there were two in opposition. there were more than two. i used technology to its maximum. i maintained a blog, twitter facebook. that became my principal platform to reach the people. technology has allowed us to leap generations.

we have to use it responsibly. charlie: buddhism is a very kind and loving religion. prime minister tobgay: it is supposed to be. charlie: some say that if bhutan becomes more competitive, it will have some impact on the great religious. prime minister tobgay: you can be competitive and compassionate together. if the competition is between the two of us, i suppose it is good. if the competition is within myself, i think that is good. charlie: yes. it is an honor and pleasure to have you here. prime minister tobgay: i've had a very good time. it is an honor to meet you. charlie: thank you. ♪

charlie: cynthia nixon is here. she is an emmy, tony and grammy award-winning actor.

she has just directed her first play, "rasheeda speaking." we are pleased to have her at this table. cynthia: thank you. charlie: you like directing. cynthia: i do. i like it a lot. charlie: because of the control. cynthia: i started acting when i was 11 years old. i didn't go to acting school except for my mom. my mom was my teacher. my mom was my teacher, my mom, my director. i enjoy that relationship so much. it is like you enjoy being on one end of the equation and do it for a long time. charlie: you are a better director because you have acted? cynthia: i'm definitely a better director. my mother thought she was training me to be an actress but she was at her heart a director. she taught me to see the whole picture. when you have so many years as an actor as i have you see it from the inside, which is useful when you point yourself back and look at the whole picture. charlie: now you can choose whether you want to direct this or act in that.

cynthia: i will do both. i don't understand how people don't. charlie: how did it come to you? it was a wonderful story noticing you had so many attributes as a director. cynthia: scott elliott, i was doing a benefit reading for him three years ago, and it was, i had a lot of opinions about you are going to ask us to do that why don't we enter here? and he said, i guess you will be directing next year's benefit reading. you are directing now. we thought it was funny. then he called me up and said what you going to do? i said i thought that was a joke. i did that for him. he said you did a good job. i will give you a slot in my season. he has been an incredible advisor, and he has helped me,

which has been invaluable. charlie: tell me about "rasheeda speaking." cynthia: it is a four character play. it is an intense hour and 35 minutes. it is about a surgeons office, about two women who work there. one is black, one is white. they are friends. the play -- the thing that happens at the beginning is the doctor says i don't want jaclyn, the african-american woman, to work here anymore. you have to help me take notes that her behavior and compile a case. eileen thinks maybe she can work it but very soon herself interest, her boss wants her to do this. jaclyn is no dummy. she catches on. the two women, we see their

chemistry to evolve until they are at war with each other. charlie: the interesting thing about this, it is in one place one set. cynthia: i think that is one of the things scott elliott said. it is deeply psychologically complex. the tone is constantly shifting. it is shocking at times, funny at times, wildly realistic, and it sets off into something of a fantasy. charlie: are you there every night? cynthia: i am not there every night. that is one of the good things about being the director. it is intense. then you check back in. but these women, these are extraordinary talents. charlie: did you get them to come? cynthia: i did. what the main thing you want to do once you have a form to it is you want to let them live and

breathe, and help them just set them free to find their way because the way in which they can deepen it between themselves and their characters, it is nothing you could ever imposed. you have to let them live it. charlie: we have a couple of clips. jaclyn and i lean, she is threatening her job. >> i'm not swearing on the bible. that's not the point. >> i have questions for you. >> me? i'm not swearing on a bible. what questions. >> i want to know whether you believe me or not. >> i've told you. >> i want to know what you and the doctor were talking about. i want to know whether you are threatening my job. >> i'm not. >> here is the bible. >> i don't do that. >> you have something to hide.

>> you don't. charlie: just race come into it early? cynthia: in the first few minutes, the doctor is white eileen, they are talking about employees. you don't know anything about that person until the race card is played, until eileen says you are worried she is going to play the race card. he says we don't talk about that. but if you have seen the poster comic you know tonya is in the play, you assume she is the person that is being spoken of. charlie: take a look at this. >> it is hard to get rid of people. with all the tricks human resources can pull out of their hat, and with all that resentment, wow. a lot of tricks pulled tonight. cynthia: the race card. >> you are not to say that. you understand.

we don't go there. that is not what i am about. >> i know that. charlie: tell me about the two characters. cynthia: i think one of the important things about this play is it is about unconscious racism, unconscious highest. charlie: and office politics. cynthia: an office politics, and misogyny, ageism. it is about a set of prejudices we have. i think that eileen, the character die in plays, she does not think she is racist, she does not think she is capable of being races. she has this wonderful black friend who she loves and the doors, and loves and adores her back. but, self interest is a powerful force. when eileen is forced to choose between her friend and her job she chooses her job.

[laughter] charlie: surprise surprise. this is that the signature center. cynthia: a new group at the signature theater. 199 seats. charlie: there are lots of theaters like that around new york. cynthia: yes. charlie: and most people don't know about them. they think of broadway. new yorkers know. cynthia: the new group, i have acted there in 2006. it is an extra a theater. we celebrated, the 20th anniversary of the theater. "rasheeda speaking" is emblematic of the stuff they do. it is not politically correct. it has you on the edge of your seat. you want to discuss it. one of the beautiful things about the play and the production is it is not like this is a good person, this is a bad person. you keep shifting.

whatever color you are, i am on her side, i'm on his side now, i'm on her side. was that right? was that justified? that person wasn't telling the truth. do i think it was justified? what i have done that? i don't know. i guess i see why that person did. charlie: you were on broadway when you were 14 years old. cynthia: with blythe danner. charlie: how did you get that that job? cynthia: i auditioned. i auditioned for that play and i love the old movie with katharine hepburn and jimmy stewart. it was a thrill for me. charlie: how often do you work with mike nichols? cynthia: i've worked with mike nichols twice in my career, but our paths will cross. he directed primary colors.

the actually had me come in and read with the young men who were auditioning. i guess he wanted a girl to read with them. charlie: wasn't there something about you going back and forth? cynthia: yes. he cast me in both of those. he cast me to play the real thing. we took it out of town to boston. we brought into new york. a big hit. he pulled me out to be an hurly-burly. we took it out of town to chicago. we brought it off right away. we moved to broadway. the woman who went taken over from me, she had to leave and her replacement wasn't so happy. at that time, by happenstance, mike nichols produced whoopi goldberg's one-woman show. he brought her to everybody's attention.

she had no one to hang out with. he said, with the cast, you will have fun. i came up to him after this after dinner and said i hear you are looking for somebody to replace that character. both shows are on broadway. i can do both parts. it had always been a joke between he and i. he said i will call your agent in the morning. charlie: how did you do this? cynthia: they were two blocks apart. the character and the real thing was in the second act. only one scene. i was in the first act, a change my clothes, went to blocks down, in the second act of the real thing. i went back to the first play again. i was in the last scene of hurly-burly. 11:00 at night. took the curtain call, in two different broadway shows. charlie: has anybody ever done this? cynthia: i don't think so.

they had to hire two understudies for one of the parts of that i wasn't technically putting an actor out of four. there is a rule against it now. i just did the real thing this fall as an actor. i played jeremy irons' daughter. i played my character's mother. a part previously done by christine baranski. charlie: he is a genius with words. is it hard to capture the rhythm or does he make it easy? cynthia: the real thing is one of his more accessible place. it is not like jumpers or arcadia. what is interesting when we were working on it, sam gold, a largely american cast, i thought

we were going to have to focus more on the language but you guys are stage people, you have no problem. i want to make sure everything is really painful and grounded. i can leave you alone on the language but i want to make sure everything you are saying and going through costs you. charlie: do you think your yourself as a stage person or as an actor? cynthia: a stage person. i totally do. i started in film and tv. charlie: it has been good to you. cynthia: the state has been good to me too. charlie: you had one role after another. cynthia: when i was in "sex and the city" people started casting me in leads. it is a matter of bringing people in. when more people know who you are, the more they come to the theater. they have an incentive to put you above the title.

i got cast one time in a terrific movie on television and said to the guy this is the perfect part but i don't know how you would know that. i was playing a woman from the ozarks. he was saying i loved your acting for years but they just give me a list of people with a high enough tv q, enough people know who you are so you can be put in. you had never been on the list before. if you've a been on it 10 years earlier i would have put you in things before then. charlie: do you work all the time? cynthia: i don't work all the time. i had recently a couple of years ago where i was not working much, it coincided with things happening in my life. my mother was ill. we moved, my wife and i got married, it was good timing on the personal side, but i had shaved my head. maybe that hasn't been to do with it.

-- maybe that had something to do with it. charlie: you are close friends with mayor de blasio. cynthia: even when he was in the city council. he was always a staunch ally for us in the public schools. charlie: you campaigned hard for him. cynthia: yes. charlie: how is he doing? cynthia: i think he is doing amazingly. he is what i knew he would be. he is a bold progressive. he has an incredible, incredibly ambitious agenda. i really -- it makes my head spin. in one year we go from having public pre-k for a full day, and after school for any kid who wants it. charlie: that is his most important achievement so far.

cynthia: and 200,000 units of preserved affordable housing that will have maybe even a greater impact. charlie: you said progressive rather than liberal. cynthia: i think it is generational. he is a liberal. charlie: everybody today says progressive. cynthia: i think there is liberal tainted, where you say one thing but maybe it is maybe more of a pose. progressive implies in every sense, that liberal has a rich person taint to it, progressive is everybody in every class. charlie: rich liberal. cynthia: the liberal with the limousine. limousine liberal. charlie: that was a notion of contempt. cynthia: exactly. that is what i am saying. there was an old song, love me i'm a liberal. i say these things out of one side of my mouth but not really.

progressive movement, we understand. it is not opposed. it comes from eyecare from the public schools. it is a movement made up of people who these policies directly affect. charlie: this is a good time for you in your life. cynthia: it is an amazing time. it is an amazing time. my mom died in 2013, that was painful. it takes you a well to come out of that. we were so close. im sorry she did not get to see this chapter in my life. she would have been thrilled to see my directing. for me, the older i get, i'm going to be 50 years old next year. i don't know. there is something about telling stories of women over 40 years

old that i think is -- these stories are right to be told. charlie: i do too. cynthia: i look at tonya and diane, these are extremely extraordinary performers. they deserve extraordinary roles. in the early parts of your life, that experience of being a child or adolescent, young adult, it is so chronicled. you get to the age where you get married and have kids, and the stories all off the table. it is light, the older people get the more interesting they get. charlie: i certainly hope so. cynthia: i think so. we need to hear about what it is like to be in your 50's, 60's, 70's. charlie: more experiences, more choices, more highs and lows. cynthia: and you can take what is happening to you and you can put it in a context.

charlie: you actively are looking for projects you can direct for film and theater? cynthia: not for film. that is not for me. i don't think so. charlie: it is a tougher job. cynthia: it is a much tougher job. im interested in acting and theater, and i dwell in that world. the world of film, cameras lighting, that is -- maybe in 10 years i will say something different. right now i feel good in the reversal room with a bunch of actors and tables. i even feel ok being in a theater with a lighting designer. charlie: what did you learn from mike? cynthia: what did i learn from mike. i learned from him about the importance of polishing every moment. you are not going to work it to death, but that every moment needs your attention. charlie: i've had the good

fortune in my life to go to a range of events, to sit with people who are very good at the thing we are watching, a former super bowl coach watching a super bowl, or watching baseball with a major league manager, what i would have loved to have done, love to have done is gone to the theater with mike, and been in a place where we could talk as we are watching, so he can explain it to me in a very interesting way, how he saw through the prism. cynthia: the other thing that i think was -- a million things were great about mike nichols but the way he could boil something down until its essence, i had done three readings of "the seagull," and someone was talking about the themes, and mike said this is a story about the children of rich people. the children of famous, rich successful artists, and how intimidated they are.

he said that in the reading, there was meryl streep. immediately, they knew what he meant. it isn't about art, it is about something very basic. when you are a giant, how do your children deal with that and not feel small? charlie: we remember him well. good to see you. congratulations. cynthia: thank you. ♪

cory: live from pier three in san francisco, welcome to "bloomberg west." i'm cory johnson. the fed has dropped the word "patient" from its guidance, opening the door to a rate increase as early as june. the fed also indicated it will start to flow. here is fed chair janet yellen. janet yellen: we anticipate it will be appropriate to raise the target range for the federal funds rate when the committee has seen further improvements in the labor markets, and is