reached a low of the population is ageing is higher female participation in the lead before it's an oecd report also shows the korea had one percentage point to growth annually. it should have equal to the claimants up programs to support female workers were drawn up in line with when it's light cycles include increasing subsidies for parents on child care leave encouraging flexible working hours expanding the number of nurseries and improving the facial treatments made it easier for when they returned to their current three years the government also plans to operate and support a pool of substitute workers second filling gaps at companies created by a worker is going to operate on me. however for their support for small and medium sized businesses is needed. companies will be able to honor the government lands. sydney with small workforce it will face difficulties in finding new workers in north korea's female employment rate sits at just fifty four percent much lower than the oecd average of sixty five percent the government believes that received the e mail and when everything is a cr

so the oecd is predicting growth of three point eight percent. he even that would be difficult for tacky to achieve. i as i suspected the oecd estimates for girls was that busy madonna before they got into major market turmoil before today i filled a hole the sense of i can stick a few weeks ago and before that political turmoil stop that so again not that that kind of fasting made now is that of say the second book in that way. mm there are concerns that emerging markets will will take the hits is the federal reserve is on winding will tapering. it's in monetary stimulus. the thing that tacky. it is ready for it if tebow talk about both politically as well as economically. politically the colorway for taking that besides the corruption scandal we have a go then and we have in front of ufos have any long electoral common debt meaning that the government has not been obtained a position to do the vet in terms of stock short forms which called out to tackle al hamad a day cut into emerging markets i'll also so that is the peaceful politics as for t

nowhere else in the world was there less money invested last year, according to the oecd. not destination number one for capital investment. he is going across america to tech valley to try and begin to open up the position in terms of what they want. it is about repositioning as a global statesman, business, politics, and tax. 20,zeitgeist word at the g this is where he and obama wants to get together. friendswas a push the were trying, he is so unpopular. lower than 20%. i cannot run for any european leader so unpopular. the latest on francois hollande in d.c. >> what present will he take? what do you give the president? >> let's hope we find out tomorrow. >> we will continue the conversation with the chairman industry body,d what does it make of the relationship between the u.s. the french economy? >> switzerland's relationship with the eu could have setbacks. zÜrich.nichols is in still figuring this out, what kind of impact are we talking about? >> credit suisse came out with a new report, they have shaved off .3% for the 2014 gdp growth forecast, they say it will cost

the highest, in the oecd database. the u.s. was at 20%. the average for the 30 or so countries is about 22% but the u.s. is moving up in the ranks. 2013 number placed it 30 or so from the oecd countries up from 28th in 2005. interestingly with employment at 11% in his country and weak economic growth it is president holland is backing away from the socialist model and now proposing a tax-and-spending cuts to help jump-start the french economy. >> what holland is trying to do is, alter accommodation that is have been struck between labor and business, between citizens and their government that might have worked 20 years ago, 25 years ago but no longer enable the french copy to cope with a very different international environment. >> we want to point out that bigger government is a bipartisan venture here in washington. of course president obama opposed, proposed rather his health care reform plan but it was president bush who proposed and signed into law a major expansion of medicare with that medicare prescription drug program during his a

british doctors and lawyers according to a study by oecd. they work on developing policies that will improve the economic and social well being of people around the world. analysts say there is a strong relationship between parents' jobs and how their children perform in the classroom. >>> the maker of the addicting game candy crush saga is hoping investors will line up and buy its stock. king digital entertainment filed for an ipo today e. candy crush has an average of 93 million users everyday. it is the second highest grossing app on apple's app store. king plans to raise more than half a billion dollars through the ipo. >>> it is a mixed day on wall street today. the dow's brief winning streak ended. but the nasdaq and s&p 500 both climbed higher. >>> we're hoping our temperatures climb higher. sounds like they might if we give it time. >> reporter: for us, the dayest winter in about 130 years. >> work out a trade. give them 15 degrees. give us a little rainfall. >> reporter: we have right now a beautiful shot from dublin. it is mostly c

very significant because it's the first such agreement that taiwan has been able to negotiate with an oecd member and economy. with that economy that is doesn't have formal diplomatic relations with taiwan and so do with menace to open up a pot and a pathway to protect others can follow the most sickening. it was done something that's very significant for both of its use and will stand the negotiation has taken place for the past few years and also lee was conducted in such a way that was scary how long did it the pto legal framework and which is the dead will be as neil some local folk model for other countries that might be interested in signing something similar but economic cooperation agreement with taiwan. he'll meet me to consider when even anyone in the future of sydney we had to find a way of doing this because in the absence of formal government cup and relations and how about we couldn't use to the normal approach. for the sorts of trade agreements or economic cooperation agreements and he and the pathway that we found was to negotiate as steward of the tm in this because we hav

carry money on the distinguished guests pointed out the successful chairmanship of context and in the oecd in two thousand ten in the interest of parliamentary assembly and for the strengthening of comprehensive cooperation with situation. cousin joe michael ryan and his turner told about the situation in the region and this was the current socio economic development of cars extent in the party's of the parliament's legislative activity for him to the classic french relations the speaker of the senate stressed the strategic nature of bilateral cooperation as well as fruitful cooperation within the framework of relations with the european union. pension benefits and costs the more increased by fourteen percent. this was stated by the minister of labour and social protection of the population about two million people have already received a nine percent rate since january this year in april basic pension payments will be increased to ten thousand four hundred and fifty g disability benefits will be increased to twenty one thousand seeing the benefits according to age ten thousand seeking in

in at one point one eight which would represent a drop from one point three the previous year the oecd average is one point seven four children born to women over her lifetime. since two thousand five the government has been investing in average of about nine and a half billion us dollars annually to bruce the fertility rate he efforts have ranged from lincoln a nursery school hours and introducing measures to lower the financial burden of raising children. some welcome news from the antarctic on korea's second research station there officially opened on wednesday making it the tenth country in the world to run to her more permanent stations on the continent and yet reports on the extended polar exploration korea is preparing for a new period of polar exploration the completion of accepting the six ha in antarctica the ceremony was held for the turnbull was featured on wednesday at terra nova p in northern victoria in the end of the new base will be able to accommodate up to sixty people. the sixteen buildings spread across the four and half square kilometer three and the new station w

the two thousand and twelve piece or assessment the country's people's once again ranked below the oecd average stiller countries made some progress since his whole performance in the study but to me it's you thousands the good news on that estimate we've noticed the stagnation but at the same time if we take into account that fifty percent rise in immigration. and if we recognized that immigration has an impact on performance levels. then it's clear that the system has managed to address the problems raised by immigration. when he gets help. now it's time to knock and the other kids looked on as many may not seem to have expired. what was making several languages but none of them perfectly. this is the trap the looks of it you need to avoid based on the school is testing a change of tack. if french is introduced been given in the rest of the country. he often cause the least examined thousands of ducks and the kids to make sound sometimes it's a bit hard to find a decent stats from his team aiming to foster a generation of mythic all the dogs. the school principal to play a more flexib

the principal of ray was sort of impact adopting the oecd countries will be legally enshrined in kazakhstan will introduce a new institution in business but when its main task will be to protect the rights watch for new wars over the door was easter the group's drummer boy as for the government will submit the draft law permits in notifications to parliament until people first dose of them are first and diesel or see the consideration for tb on improvement of business environment before ginny wafers two thousand fifteen the common received a draft law on the activities of self regulated organizations the cabinet minister of finances tulloch lodge a meeting in austin on the head of the ministry but did so on a proposed in bringing responsibility to the executives of three ministries such as the ministry of environment and water resources the ministry of education and science in the ministry of agriculture and several deputy governors fernandez rest of the budget. these three ministers have not dispersed in total six point seven billion tinggi the finance minister called the the chairman as o

compensation for expenses of what investors the visa regime will be simplified for the countries of the oecd also explained introduce additional concerns with the free economic zones to stand up on each evening until recently. it didn't warn us of the beast was an adept comforted me. we already have a number of specific investment projects which is in fact extend existing investments in diversified the direction of these investments devious cpt only a couple of being at the end is tootsie the domestic auto industry plans to increase production by two hundred thousand cars for years by two thousand nineteen is a study by the first vice minister of industry and the technologies at the center communication service briefing on the ground for the engineer will be one in the basic branches of the second five year plan of industrial development the main task is to increase the export of domestic engineering the only course but also locomotives. they keep the sheep to be a typical cell which first of all we're talking about railway engineering which showed a very good growth in the current five year

[laughter] you have institutions like the oecd to do with security and other things, but you do not have europe as a collective entity when it comes to being a foreign-policy actor. you cannot look to them for leadership, which is one of the advantages that putin has. he makes the decisions. europe does not have that kind of capacity. unrest has shaken ukrainian bonds, the worst selloff on record. the nation's currency weakened against the u.s. dollar. detroit and silicon valley are locking horns. we will explain why after the break. ebay and paypal, stronger together, or are part? we will speak to john donahoe, and we will talk about carl icahn's attempt to split the company. ♪ >> this is "lunch money" on bloomberg television. you can also watch us streaming on your tablet, phone, and on bloomberg.com. icahn hasnvestor carl been pushing ebay to spin off its paypal unit. he said he said separately companies would boost value. this whole business about the divorce between business and , i think, is hurting us greatly. in the big picture, not , we have done a lot of work on ebay and believ

. >> that is because the bahamas had to reinvent itself after being sanctioned by the oecd in 2000.and nation had made it too easy for people to dodge the taxman in their home countries. now the bahamas says get your taxes in order at home and then bring your money to be protected. >> clients do not look to diversify their holdings internationally primary -- primarily or solely for tax reasons. we are a tax neutral jurisdiction. they look to the the, as best they look to the bahamas for sovereignty and political stability, mitigating political risk. especially clients out of latin america. >> that was the minister of financial services, he ensures a stable financial framework and attract capital. global investors want to hold u.s. dollar assets, not necessarily in the u.s. why latin americans are putting their money in the bahamas, so are the chinese. they have their own project. >> bahamas is the largest single resort project going on in this part of the hemisphere. we're very proud of this investment, $3.5 billion. 2200 new rooms, four hotels. >> while the u.s. economy is bigger t

the economy minister will be the former chief economist for the oecd.e's expected to have enough support in the upper house, but some select winners within his own party threatened to vote against the government so the size of the majority remains in question. deja vu with his predecessor there. now elsewhere mark zuckerberg is the keynote speaker in barcelona tonight. the facebook ceo just purchased the what's app for $16 billion. and samsung unveils a new line of smart watches. louisa, what have you been astounded by there this morning? >> i'm astounded by how big this place is. i've been covering this event for eight years, seven years, nine years, something like that, and it's grown so much. which also tells you how much the industry has grown and how much potential there still is in this particular environment. you mentioned some of the trends, i have got some of these wearable apps on and wearable watches with the fitness-type things to track the steps you're taking, that's a big point. connectivity is a big talking point. and also a talking point

total oecd industry stocks plummeted by a further 66 million barrel necessary december. global supplies are falling to 92.1 million barrels a day on lower nonopec output in january. supply from opec rose marginally in january. growth rebounded the second half of 2013, but non-oecd countries still accounted for more than 90% of global growth of 1.2 million barrels a day as a whole. that's the latest on the ia report. right now, though, in italy, the prime minister has called on any challenges openly if they want to replace him. speaking in parliament yesterday arch, he reacted to two suggestions that democratic party leader and coalition partner renzi was looking to displace him as prime minister. >> you don't step down because of hearsay because of power plays and behind the scene activity. i think that respect for institutions means that everyone has to say explicitly what they want to do. especially whoever wants to take my place must tell me what they intend to do. >> italy's deputy prime minister, meanwhile, has placed his support for prime minister letta as long as

i had a discussion the other day with the chief economist of the oecd.o you think it will work with the treaties? he said, why not? that is the negative interest rates on the governing council of the ecb considering it. youuse in the other side have the banks being slapped her on the head to hold more capital which is not a bad thing. >> that translates to the real economy. it is like a catch 22 situation. thank you so much. manus cranny. we are here -- are hearing from -- of of he talked strategy for one of the nation's biggest oil companies. you can follow me on twitter. @flacqua. ♪ >> welcome back to "on the move ." i'm francine lacqua in london. these are the top headlines. economists estimate that the euro zone economy grew by 0.2% in the fourth quarter. the french and german gdp readings have beat estimates. the overall figure for the eurozone is due at 10 a.m. london time. china's inflation remains subdued in january. reports may give china's leaders more room to support economic growth which analysts estimate will be the lowest in 24 years this y

the oecd average about 22%. the u.s. has been moving up.hat 20% in 2013 ranked it 23rd among developed nations in this kind of spending. that is up from 28 back in 2005. we have this debate on unemployment insurance which some critics say it discourages people from getting back into the labor force. here is one critic. >> in order to get that labor force backup i think we have to shrink the size of the government otherwise we will be like france. >> some analysts point out that the president has obamacare, but president bush approved the medicare prescription drug benefit, if you recall. connell: peter, thanks. as peter explained, we have a ways to go to be france. the trend going up means what to you? >> it is disturbing to think that we will be like france. i believe many people in this country think we live in the greatest country in the world. the number one problem is the drag of obamacare. cvo talks about it. we need to get rid of obamacare. we need to and fantasize people to go back to work. stuart: you've used the word incentive. th

when you look at some of the oecd rankings of education, we are not at the top of the list. >> when youook at higher education, people come here for -- >> but we have immigration rules that make them go back to their country of origin after they have gotten their american education. >> i think we need to do immigration reforms. i'm not going to argue with you on that principle. we need to do immigration reform because it is in our interest. >> there is a different issue than the issue having to do with borders and all that -- >> i think it is connected. when we deal with immigration reform we deal with multiple issues. i think it's very difficult to break them apart and deal just with the high skilled worker issue and not see border issue. the truth is even a border issues have to do with how we continue to be a strong and vibrant economy. when i look at the technology sector, i see a lot of innovation still in this country, startups able to get capital, ideas that are able to take hold and spread around the world. so i am optimistic there will continue to be leaders in the area. that i

if you look at the oecd countries to rich developed countries the pattern is very similar in those other countries in 18 of the 22 countries where we have data inequality has been growing in sweden, germany and france and japan. one of the exceptions was greece but they have a whole other set of issues going on over there. >> greece is not the model. >> they started different levels of inequality but there are some worldwide trends going on and it's not just politics, it's not just local conditions. something more fundamental than that. then you want to look at it more broadly what's happening in china and other countries in there i think the story is even more striking because we were looking out some of the issues in terms of manufacturing employment and people often think of globalization and technology has been and technology is being the two great forces affecting the economy and the idea of manufacturing moving from the united states to china. it turns out that in fact manufacturing employment in china is shrinking. there are 20 million fewer people working in manufacturing today t

shock thedoes not chief economist at the oecd and i caught up with him just as these headlines crossed>> the fed is looking at the global implications but that's different from saying they should change to a monetary policy stance because of real-world implications. the lesson i have drawn is that in some emerging economies have a structural weaknesses are deeper than was believed so they need to be addressed by domestic holidaymakers in those countries. >> no surprise there from mr. oan.ern one -- pad sometimes, central bankers don't necessarily get the points until it's a little too late. 55% of global demand, bit of an international issue. i'm not being overly facetious -- possibly, i am. like she's waiting to look at the data. >> not wrong there. when it comes to the other big contentious issue, forward guidance, steady as she goes. unemployment is well above where the fomc wants it to be for the mandate. full recovery is far from complete and it's almost a re-tapping of the board in terms of where we are with these rates at least as long as this remains above 6.5%. meeting, below

but to or solace flew into commodities issued united nations encouraged oecd encourage the conventions been between detours because i'm putting you up at the moment we have the very strong today because i didn't intend to commission of up to the head mandatory reporting about that and how we do with that. in the next five then use discretion when it being a sort but at the moment we have the window and we knew the way we can meet you and i keep using the contents in a pocket to the tia and while we we meet at the profits. and that the assets of the company with no money was the same way that only solo on what the good stuff i'm sure there is indeed they can do well and hope to do that. it sounds like it'll be a communal effort to protect him yell thank you very much indeed. speaking to staff costs nine caps come with time against wrap up this additional be on business thanks walking. are you the debate. the social media to make your voice. coming from the day's events. feet into the discussion of why people get started. or ask your questions live on. and continue the debate of the sena

that's basically the oecd average. a lot of other cunning have cut their corporate rates.ay we're able to do it. we're trying to make this entire plan revenue neutral, because it's important i think as we move forward to have that out there. >> nice. someday we'll abolish the corporate tax all together. you're abolishes the a.m.t. that's pretty nifty. >> yes. >> that wasn't written up very much. >> both individuals and corporate. it's a huge complexity to the code. it's a big simplification that will make a difference to the high-tech states that will lose the state and local tax deduction. that impacts those high income states as well. that's a big positive. you know, democrat member of the committee richie kneales it's been his life's work. we'll be hearing about it more over the next few days. >> will you let individuals who own small businesses, will you let them go to the corporate tax? >> yes. >> switch from llc? can they take advantage of that sniismts absolutely. >> that you make a huge difference and big difference in revenues also. >> we saw after '86, because th

issues to the table and to drive the discussion in places like, you know, the g-20s, the fsb, and the oecd where countries come together to reach agreement on high standards. >> rose: are you more optimistic on the global economy today, taking into account europe and china and brazil and -- >> certainly we are going to see more growth, the ims most recent global economic shows we are going to see more growth than we did in recent years. i see pockets that were, where policy could actually increase the growth and that is something that we are very much posed on, because one of things things when we, that we do when we come to our meetings we urge our friend around the world to do things that can help drive global growth. if you look at the world economy, the u.s. cannot grow at a rate fast enough to pull the whole world along. >> the difference between three percent and three and a half percent makes a world of a difference in the united states but not enough to make up for losing a percent in europe or losing a percent in china or losing a percent in japan. you have to look at these major

best business part of the reason may be why he doesn't call support field as his promises all the oecd for fielding a promise as he did said the government and indeed radius of the protest as to how to thirty four of them just before the latest upsurge in violence. only during the days that finances are in fact stint in until friday at night to put it to ross everett is laugh at the blanco are to die and peter jones tonight from my key and they will stain the eu and that the french determine the party's finances will stay in kiev until friday they're facing they say. according to attorneys for mr statesman and night school bud tough negotiations for the uic some who indicted backs and the fact that the pm could beat is expressing its nice to them when he missed a token for the elections. oh oh oh real corker appropriate for their current events and direction and look would be to the show click of a peaceful way to old old political tried to shoot people known to man the route the traditional difficult to shop for all that happened you are that the decree the guarantor of dried up old c

the secretary-general of the oecd. it sounds like the scene is being set for something of a showdown for all of these western economies talking about emerging markets needing to get their own houses in order rather than complaining about the impact of tapering. looking forward to hearing from some of the financial ministers of those emerging markets once the g 20 really gets underway tomorrow. when you get the agreements like this, you tend to end up with a tepid statement about sharing broad constructive goals and how to get there. >> what else is on the agenda this weekend in sydney? >> growth pretty much. i feel like i've been hearing the same speech being delivered by the australian treasurer every day now for about two weeks. that is something they have been talking about today in the pre-events leading up to the g 20. when the secretary-general mentioned that they did also say they were running out of options. >> we have run out of room on the monetary policy side. we have almost run out of room on the fiscal pol

oecd missed it, and in fact i'm hard-pressed to find anybody with a hard structure model that got it right. and i just finished writing a book saying what in the world went wrong -- that was not the title of the book. >> you know, looking now, looking more simpler, equity markets have done fairly well over the past year, a bit more. are they getting ahead of. thes? there is any possibility of a bubble there? >> well, the answer to the issue of bubble is, no. but that's note the same thing assaying that it can continue higher. bubble requires a degree of euphoria, which is not quite in the marketplace. so that, yes, the market could go lower because of what i would differ with larry, think, that long-term rates start to move higher, and that's going to be very difficult to deal with. but overall, that's not where our problem lies the problem lies in -- more deeper problem that is essentially a consequence of our response to the crisis that emerged. >> let's dig a little deeper into this. why do you think over the past six years the recovery has been so muted or -- what's your view? >>

in addition, credit suisse supports information exchange including the oecd efforts in the standards for automatic information exchange. we also supported the ratification of the protocol for the double taxation treaty agreed to by the u.s. and the swiss government and approved by the parliament almost four years ago. credit suisse is ready to give account information that we are unable to do so because the senate hasn't yet ratified the protocol. we urge the senate to ratify the typical so that the banks can assist in the u.s the u.s. authn recovering the unpaid u.s. taxes. we have practically taken steps to require only those u.s. clients who establish compliance with tax law can be clients of our banks. in 2,008 by lee became the first swiss bank to become the focus of investigations by the justice department and the subcommittee and many clients left, other banks welcomed them. won't be for investigations by u.s. authorities again on our own initiative move to address the issues highlighted by the situation. we want to do to ensure that all of the clients establish compliance in

response and ireland is openly and fully participating in the 15 different committees working out at the oecdit requires an incident er national response. >> in terms of the banking sector, mr. noonan says he's confident more capital doesn't need to be raised. what does that mean for irish companies and irish individuals seeing a decline in mortgage lending. it seems to me not everyone is benefit from this. >> well, we've made some radical changes with respect to the banking sector in the last couple of years. clearly, the situation is not as we want yet. banks are still not being able to contribute to the real economy in managing when working with people. clearly we have a number of people who are still in distress with mortgages. the levels of the access to chris is an issue here upon which we're focussing this year in terms of the indigenous economy. >> mr. livingston is here today. ireland's uk is working a lot of trade missions, as well. he shared some concerns that the uk has about regulation and the way things are done across europe. do you share the need perhaps from the uk government

because i look at the results of our kids today, average american kid ranks pretty low compared to the oecdblem solving. we need to raise our expectations of what our kids know when they graduate from high school so they can go forward and be productive members of society, go on to college, pursue a professional career. our expectations today are just too low. >> critics will also say when you wind up the tough tests, you keep raising the standards and teachers spend an inordinate amount of time teaching kids to pass that test. what do you say to that? >> we have two of the top five high schools in the united states. i'm ceo of a charter school here. our teachers teach to the subject matter. they don't teach to tests. if you can teach kids to think and understand the basics, they can solve problems. that's the issue. >> i agree with that but how do you test for being able to think? that's the tough part, right? finding a standardized test that can tell if somebody is being taught ato think properly. >> there are great international tests, the pisa test tests whether kids can solve problems.

and our results are out of the oecd of countries, we are 20th in 27th in results.aduating college already. so what common core represents is a state-led initiative started by the national government association and by the school education commission around the state to put in place standards to up our game. and these are standards, but not tests. tests are still being formulated. so, for instance, with miss boxgate, this is the standard. it's a half a column, half and page. and the people that are in arizona that are helping implement this now should be informing her about this. now, her problem was that she had, let's say, these three examples where her kid got the right answer, but there were questions about ten sticks and one stick, so when you looked the first grade things, we have standards in operations and algebraic thinking, so with 6-year-old kids, you get them very familiar with addition and subtraction up to the number 20. once you go beyond that integer, let me turn quickly and say to you, 34 plus 23, what is it? >> 34 plus 27, it is 57. >> so i bet wha