here's professor robert merton of harvard.it's always a privilege to be speaking with a nobel laureate in economics--there aren't many of you around. and even rarer still is a nobel laureate in economics who's entrepreneurial. and i notice that, as an entrepreneur, you have just bravely weighted into an area of the economy that scares a lot of people. and by that, i mean the anticipated decline in retirement funds, public and private. those funds might go broke, quite frankly. nobody wants to talk about the problem, but it's there. so how do you define it? - the funding of retirement is a perennial problem. it's one that we had to deal with 200 years ago and we'll have to deal with it 200 years from now. it's true in japan or brazil, as well as the united states, canada and europe. and if you want a metaphor for how that has been provided, they often use the notion of a 3-legged stool, which you know is stable. one leg is government, typically what we often think of as social security, the 2nd leg is employer-provided benefits

metres to take the lead some two metres further than austrian martin called world cup leader thomas merton stern couldn't quite much time and finished fourth well four time olympic gold winner some of them on the lowest step on the podium it's morgan stern though he still holds on three months of. four hundred twenty one points better than nearest rival . eulogizing it's not over until it's over was perfectly demonstrated by if it's a toss to which of the super combined event in france the creation was in twenty fourth place after the opening dunhill leg but went on a romp in the slalom portion of the contest. time of just over two minutes fifty seven seconds unable to be topped on the day his composite not zorn edged him was just a half second off the pace while vancouver gold silver and bronze medalists x.l. didn't spend all of the cell for the last round of the podium. ok formula one finally were ferrari have become the first squad to unveil their new car for the upcoming season the italian teams to start drivers doing the honors out for henri's headquarters in marinello last year's run

he loved that great line from thomas merton. love was easy, we would all be good at it. barrigan -- in barrett i 1966 in the summer he worked with the upward bound in a little town south of denver and he was tutoring of the children of migrant workers. . . >> the poor have it hard. but the hardest thing they have is us. they say we'll never have another person like sarg. bobby, maria, tim, mark, and anthony. each of them is so similar, there's almost no difference. they are people who are exactly what he was. other-centered and not self- centered. the work they are doing, each in their own way, is doing what he did. they are decreasing violence and increasing peace. i would like also -- i want to mention also the -- i was going to mention the 19 grandchildren. bobby told me to keep the speech short. don't mention the grandchildren. tim and christina, and rosie and sam. the other, get mad at uncle bobby, ok? uncle bobby, ok? [laughter] i just want to finish up. when i visited sarg, a few days ago -- saw him a few days ago and we

he loved that great line from thomas merton., and of love was easy, we would all be good at it. barrigan -- in barrett i 1966 in the summer he worked with the upward bound in a little town south of denver and he was tutoring of the children of migrant workers. . . they had decreasing violence and increasing peace. i would like to also -- i want to mention also the -- i was going to mention the 19 grandchildren, but bobby told me to keep the speech short, so don't mention the grandchildren. so i would like to mention their names. katherine. and tim and christina and rosy and sam. so if the others get mad at uncle bobby, ok? [laughter] i just want to finish up. there is a lovely -- i saw him a few days ago and we just held hands for a while and brought out a book that i used, i edited it a few years ago. the title comes from a speech sarge once gave. it meant peace through military strength, which he clearly rejected. we turn that around and made it called "the strength through peace." i use this book. i edited the book. i use it