. >> you are loong at three categories you feel drive the economy. let's go through them. firsof all, the area of credit. you chosecarlyle's business development corp. why credit? >> most on the economye united states is maul and medium sized businesses. any need accs to capital. it is an underbanked part of the oarket. if you want play the larger credit picture the banks are the place to go. but if you are a small or a medium size business you have to borrow from some source and fund like carlyle'sund or goldman sachs has a fund. these business development corps are basically pools of loans to small and medium sized businesses. >> like lot of banks and financially or yepted companies, presumably, as rates go higher, they benefit. is that the idea. >> well, all the of the loans that carlyle isss are floating rate loans. as short-term rates go up, they y more interest. however, since tax rates have gone down for corporations the ability to pay back loans to be stronger. the companies that have 5 to 25 of ebitda need to tap the markets need to go somewhere. >> another area y

as it turned out, it loong like everytent perfectly well. laura: thank you so much for joining us. leroy:. my pleasu laura:an remember, youind more on all the day's news on our website. see what we're working on it any time, make sure to check out our facebook pagve i am laura tan. thanks for watching "world news america." >> with the bbc news app, our vertical videos are designed to work around your lifestyle, so yoghcan swipe your way throu the news of the day and stay up to headlines you can trust. download now from selected app stores. >> funding of this presentation is made possibley the freeman foundation, and kovler foundation, pursuing solutions for america's neglected needs.>> lanning a vacation escape that is relaxing, inviting, and exciting is a lot easier than you think. you can find it here in aruba. families, couples, and friendsir can all find tscape on the island with warm, sunny days, cooling trade winds, and the crystal blue caribbean sea. nonstop flights are available from most major airports. more information for your vacation planning is available at aruba.com.

percent of the vote in general elections giving least son singapore's current prime minister lee hsien loong a resoundingly mandates we've had a good fifty years we must go forward now to make the next journey just as fulfilling just as successful just as amazing to the world and two of those. two years on the mood is markedly less upbeat. singaporeans have long been told that they live in a meritocracy run by the very best minds that perception is now being challenged in unexpected ways. on the fourteenth of june two thousand and seventeen a curious post started circulating on facebook titled a public statement by liu a ling and lee c.n. yang we have no confidence in pm lisi and long and are worried about singapore's future it was the opening salvo in what some are calling the oxley feud. at the center of the quarrel this house a colonial era bungalow on oxley road just off singapore shopping district this is where lee kuan yew lived for nearly seven decades and where he raised his family he had repeatedly said he wanted it demolished off to his death. now according to lee's younger childre

. >> woodruff: we know this adminiration is also loong for the private sector to come up with some ofse dollars. whisn't that a good ida? >> it can be and we're doing that here in los angeles. denver was able to help th privatele sector build a new rail line from downtown to the airport quick around cheaper, but don't expect the private sector to come and to redo water that right now in many cities is polluted or to upgrade our electricity lines to build out our port or airports. tothose are things we havedo with federal help and american cities have a loud and clear message for washington. we'lwehelp butant federal tax dollars back in our communities, from rural to mot densely populated urban areas to match the dollars and we both can count the dolars if we do it the right way. >> woodruff: mayor gartt another quick point i wanted to ask about is what the president had to say abomlut string, in effect, the permitting process. he said washington will no longer be a road block to progress, washington is now going to be your patner. we know a number of your fellow mayors say it's a good