also because it has brought up factors and the graco -- demographics.quilibrium interest rates that are consistent with achieving inflation target and having the economy grow at full employment. it has progressively fallen over the years and then aggressively fell in the aftermath of the crisis. the ability of central banks to stimulate the economy has been challenging. arguably, they have been catching up to provide that degree of stimulus. i argue that both the u.s. and the u.k., what has happened in the last several years has been because of the repair of the financial system, because of paydown of households of debt because of the repairs on the fiscal side. those equilibrium interest rates have been gradually increasing and we are getting more traction with monetary policy. that is the good news. if you are relatively small, let's call it a medium-sized open economy like the u.k., you face a bit more of a head wind from about -- a broad. relative terms, we import more global disinflation. it matters a bit more for our ability to hit our inflation t

this is the new graco. when i look at this, you know what, you guys are benefitting from a tail wind which is new household formation. but also from safety. and from a really -- taking a market share away from a lot of other companies. >> we have done really well on our car seat and baby gear business over the last four years. we had a little bit of a stumble at the beginning of last year but the prior two years compounded 10% growth. in the latest growth, over 8% in the baby gear business. so you know, i always tell the team the ideas need to trump the macros. you can't -- you can't let the head winds get -- >> the forest versus -- >> actually. it's about ideas and creating commercial value from them. capabilities, one focused on brand development and innovation and one focused on creating value from those ideas. >> well, it's really worked. you have a couple of brands that are synonymous. i remember when the favorite player, terrell owens, signed a football. right on the sideline. he didn't sign it with a

subtitle: 'where medals of honor are made'; 2 companies in 2 cities: ira green of providence, ri and graco/northwestern of tomball, tx; source: defense logistics agency)two american companies mold the medals of honor: one in rhode island and one in texas.(navy base; then show safe and opening it)captain groberg's newly-minted medal was then shipped to the navy base in philadelphia to be engrgred and kept locked in this safe.(nat/safe)nat: openeng or closing safe(trarak 7)only two people know the combination one of whom is rob henry, junior, who supervises the medals unit. (sot/henry 12:44:10)"it's everlasting. // q: you'll be gone and they'll still have those medals? a: they'll still have those medals."(nat/ohio) nat: from ohio ceremony 145824 "for their service to our country"(track 8)(either video or stills; see courtesy info in emails)earlier this month, fulton county, ohio, presented 152 engraved bronze stars to world war two veterans and their families. (nat/ohio)nat: from ohio ceremony 141558 "john rimm" (track 9)only seven of ose veterans are still alive.they won the war, alright bu