i will turn to the institute's global director and my friend bonnie reese.pplause] >> thank you so much, nancy and to arnold for committing his time, resources, energy and talent to creating an institute that will be engaged in critically important policy work that will impact the lives of people in california, in america and across the globe. i can think of no more perfect partner then u.s.c., who reach is global and whose vision and ideals are huge. while arnold thanks u.s.c. president and provost, i want to also thank them. for the past month since i moved into my u.s.c. offices, this campus has become my home away from home. when you're on the outside of u.s.c., you hear about how they're one of the best universities in the world. when you become part of their community, you understand why. some of the best and brightest from california and all regions of the world, u.s.c. creates a culture that reflects their belief that for their students, our nation and our world, the possibilities are limitless. to fulfill this promise to u.s.c. students, smartest, m

so thank you very much to bonnie reese.stout, esteemed economic director of the institute. as soon as i was told about a genius tax and budget professor u.s.c. stole away from northwestern, i knew we had to have her. so it's great to have you on the team, professor. thank you very much. [applause] also huge thank you to provost beth garrett, who was an absolute joy to work with throughout the entire process. her love and passion and interest in this institute from day one. she was also very interested in having this institute right here. so thank you very much. and finally i want to say thank you to dean jack naught and whole prize school of public policy team for their great support. i mean jack isn't just a genius, he's an expert in breaking through bureaucracy and he believes in action so he's a perfect partner for our institute. thank you, jack. also want to say thank you to all of the panelists here. i know they're all busy and important people and have taken the time to come here from all over the country to participa