caroline hyde will have more from oecd. beautiful shots from that oecd conference.than: good morning, and welcome to "on the move." a busy morning already. india cuts rates. the governor drops the benchmark rate in an attempt to spur private investment. midnight in berlin. europe's high-ranking officials hammer out an offer for greece. eurozone inflation data expected to rise 0.2%, but is the inflation scare over? i will bring you those numbers. ftse futures up to 21 points. dax futures up by 31 points as well. >> will we get the higher open indeed? some of these are not showing yet, so we will have to come back to you later when they actually react. the cac 40 up just half a percent. you see the ftse 100 up a little stronger as well. that would be the second day of gains if we see those higher today. let's take a look at what we are watching. potentially going to see some big moves for the stocks this morning. starting with tobacco companies british american tobacco and imperial tobacco both trading low

one reason the oecd is calling the forecast today.ation says the economy will grow 3.1% this year down from the 3.7% growth in last year's or cast. the oecd says the greek crisis is hurting investment and business investment is lagging. a woman from that yanks he river after a cruise ship capsized in the storm. rescuers are still searching but survivors are few and far between. no more than 450 people aboard. the ship's engineer say the strip was -- ship was struck by a tornado. bloomberg news reports that u.s. prosecutors are looking at fifa president set blatter in a sweeping corruption investigation. he stunned the world yesterday when he said he would step down and was elected to a fifth term just four days ago. >> although the members of fifa have given me a new mandate, it does not seem to be supported by everybody. supporters clubs, players just like we do in fifa. vonnie: meanwhile behave ousted to put fixing the corruption case on its most wanted list. tom: that is a game of soccer they play out in the field. i wonder what th

but for 2016 oecd officials raised their growth outlook to 1.4%. cheap prices of crude oil will help the economy to recover. they urged the japanese government to carry out drastic -- >>> the federal reserve released its beige book on the economic activity in the u.s. saying that it expanded from early april to late may. it is based on interviews with people in the variety of business sectors. consumer spending increased across the districts and says more retailers were optimistic about the economic outlook. the report says manufacturing activity generally held steady or increased. autosales were positive but the stronger dollar had a negative impact on exports and lower crude oil prices had an influence on oil related industries. employment levels were up lightly across districts and a slight growth in wages was reported by most districts. >>> and over in europe the central bank decided to keep its money-pumping policies in place. mario draghi sees no reason to adjust the policy stance in response the a recent rise in bond yields. key european ind

pushed aside by the oecd announcement. it is important, catherine mann chief economist at oecd.inion, the number one trade economist in the world. her work has been legendary in washington and at brandeis university. if catherine mann tells me growth is coming down, that gets my attention. guy: we look forward to that conversation with professor mann. tom keene, "surveillance" is shortly. something else in the u.s. general motors and see it-cries that reporting they are selling more cars than anticipated. does this signal that the economy is gathering momentum after a very unpleasant winter? matt miller has more. matt: u.s. auto sales in may beat expectations across the board. absolutely crushing it with fiat and general motors posting higher numbers than expected as far as gains. ford posting a decline not as steep as expected. as far as the european automakers americans are watching closely the race between bmw and mercedes to create the biggest luxury car maker or to achieve the most luxury car sales. the bmw inched closer to mercedes -- or cities has done better in the previ

a big cut there by the oecd on u.s.rowth for 2015 and for 2016 they have cut the forecast from 3% to 2.8%. they called the economic recovery unusually weak and barely passing the grade of the minus. let's also have a look at what they have been saying about china. 6.8% in 2015 and 6.7 in 2016. so cuts for growth are coming all over the place out of the oecd conference taking place in paris at the moment. let's have a quick look at what bond markets are doing. moves particularly in germany where we saw the bund yield rise 0.7% particularly off the back of inflation data which surprised to the upside of course adding the importance to mario draghi's press conference today. what will he say about the pace of european bond buying giving this slightly elevated inflation in europe. >> the euro moved yesterday. significantly elevated. >> oil is retreating from a sharp rally on tuesday that saw crude hit it's highest level in a year. prices were boosted and another decline on supplies. this ahead of a closely watched meeting in

the oecd is cutting its growth of aast, and the threat greek default is one of the reasons. the organizations is the world economy will grow 3.1% this .ear, down from 3.7% the oecd says the greek crisis is hurting investor confidence. it also says business investment is lagging. and consumers may be holding back the service sector. service industries expanded in may at the slowest pace in 13 months. the isn nonmanufacturing index came in lower than estimates, and the service sector makes up almost 90% of the economy. consumers have been waving the money from lower gasoline prices rather than going out and spending it -- had been saving the money from lower gasoline prices. betty: apple is recalling its speakers after consumer reports of them overheating. one person's finger was burned. another reported damage to a desk. apple says customers can apply for a refund on the website. pimco rules designed to make the system safer have also made the market less liquid and more prone to sudden swings. the report also says global fixed income and equity markets seem reasonably valued

the chief of oecd. erik: more breaking news on fedex.reported earnings earlier this morning and vonnie quinn has more. vonnie: ceo and founder of fedex frenchman is speaking for the last -- fedex downgrading the forecast to 2.3% and that is all the way down from 3.1%. quite a severe downgrade for fedex for gdp growth. next you, not so bad but still a down growth. down 2.9% from 3.1%. it will be interesting because we are probably going to get a downgraded forecast from the fed as well. the press conference with janet yellen and more interesting headlines from fedex, industrial production growth down to 2.2%. it had said that industrial production would be at the .8% for the year. again, quite a severe downgrade there. or next year fedex industrial production growth is at 3.2% down to 2.6%. he knows a lot about this. erik: thank you very much. breaking news of vonnie quinn. stephanie: let's bring in julie hyman. julie is taken a look at some of the analyst action from this morning starting with a name that is moving quite a bit this week,

work ordered it is primary to the office of early care and education we send over $9.3 million to oecd we work together to implement their streams to support early care and education because the city made the decision to create this office it didn't make sense for us to manage and monitor the first to 5 k services the third largest work order to the first 5 san francisco this is primarily for the family resource center work and primarily because of over the years those expertise in managing and operating programs they've work hard to teach and train nonprofit agencies around parent curriculum and support i have to say of the f r.c. the family model the majority of the families necessary serve are families with youngest children up to 5 so we do so us as having a significant problematic roll in those work orders but want to leverage our sister department expertise that's why we do the work orders. >> thank you very much i hope we can continue having your office continue to solve that issue of zero to 5. >> okay. colleagues questions or comments but mr. rose your report please. yes mr. c

increasing growth and adult services, and an increase in oecd particularly around pfa preschool for all coming over into the new agency. also, you will notice the elimination of two slices of how fresh and medi-cal which represents about merger of those two systems into an san francisco benefits net to create significant efficiencies. >> when second mdm. clerk would you call it is a item number seven, please >> mr. jim, item number; resolution approving the expenditure plans for the human services care fund for fiscal year 2015-2016 and 2017-17 >> apologies. thank you. >> so under the housing homeless area

also our insecurity as well. >> livy abrahams. >> i'm pleased the action to address it but given the oecd have all agreed that inequalities exacerbate growth, it also has a negative influence on society. why is he and his government exacerbating inequality across the u.k. including a negative impact around health inequalities? >> figure shows inequality fell. i would say to initiate about priorities for development in terms of the u.n. goals we agreed in september. of course we all want to see reductions in inequality. when we have to determine what the priority is for the world in terms of attacking poverty and how we should inspire the new generation of people to take action, i would say those people living on almost nothing everyday, that is where we should put the emphasis. >> mr. henry smith. >> thank you, mr. speaker. i welcome the extremism build the governments will be introducing. can my right honorable friend say what discussions with other g-7 leaders see have about the sharing of intelligence as people traveling to support isil. >> we did have discussions about this. this is a

increasing growth and adult services, and an increase in oecd particularly around pfa preschool for all coming over into the new agency. also, you will notice the elimination of two slices of how fresh and medi-cal which represents about merger of those two systems into an san francisco benefits net to create significant efficiencies. >> when second mdm. clerk would you call it is a item number seven, please >> mr. jim, item number; resolution approving the expenditure plans for the human services care fund for fiscal year 2015-2016 and 2017-17 >> apologies. thank you. >> so under the housing homeless area i will speak to the significant enhancements that are included in this year's proposed budget. the first is a general fund to support the navigation center as you probably know the navigation center, which opened in march is funded initially with a private donation, and the idea around the navigation center is to bring in and provide a very low threshold welcoming environment to long-term street campers as a way to mitigate homeless encampment in a way that is more permanent and long-

that was jason furman joining us forum.ris, from the oecd erik: and we have breaking news.ng eye number. million being given to harvard's engineering school. it is the biggest a nation in the college's history. it is going to rename the engineering school after paulson and establish an endowment to benefit research faculty development and financial aid. it is one of the largest gifts in the history of higher education. we are trying to figure out where exactly it ranks. raised $1.16ard billion asked year. also and is a graduate of harvard's is in a school, not the engineering school. the engineering school is where he is giving the $400 million. erik: of all the schools in america that do not need the is at the top of the list. that said, it it sounds like it is going to a good cause. this comes less than three weeks schwarzman gave hundred $50 million to yale -- $150 million to yale. when we come back, why analysts just cannot seem to get it right. ♪ andia: investors journalists talk a lot about companies missing or beating earnings expectations. i do it almost every day.

i was at the oecd yesterday and there was the finance minister of spain.ve always said the problem is greece defaults people's mines, why am i doing to reforms? andrew: i think that is more applicable to portugal. the spanish have lived for quite a long time on 20% unemployment. you only have to go back 15 or 20 years. they do not think of that is the kind of disaster we would think of in the u.k.. i would say that the spanish and do not think they are the threat. the next weakest set of dominoes are portugal and cyprus. there was contagion from the greek default in 2012. in portugal it might be continuing contagion. in the case of italy, i might think they would see the level of loss of wealth. given the importance of wealth in italy, people depend on the wealth of parents to keep them going. the italians will be deterred. though i am optimistic about the scope for greece to do well i think the government is unlikely to be adopting optimal policies by any means. the danger after them having some kind of protection and not embracing structural changes quit

the oecd cutting its forecast, bulimia part the risk of a greek default. -- hanschols joined us nicholsoins us from london. his is their best and final offer, perhaps? that could beach week a little. ase offer that mr. tsipr creditors, that does not appear to be operative. mario draghi, the ecb president, said he wants a strong resolution to greece and he maybe hinted that the ecb would be looking a little more closely at how they are lending to the greek banks. they may impose deeper haircuts on the collateral they accept from greek banks under the emergency liquidity assistance. all eyes are down to this meeting tonight. be jean-claude juncker will presenting the plan to mr. tsipras. the germans are saying they want to see progress, but that they are quite far away and the very content of the greek proposal suggest they have a lot more work to do. pimm: just a question about the politics involved, let's is a get some kind of agreement and the greek public doesn't like it . is it possible to have to renegotiate it has greece might get a new government? hans: you could have a new parlia

peter: if you look out in the next 10 years, the cdc says that -- the oecd says there will be a billionore members of the world's middle class. who better than america knows how to serve the wants and needs with products and services than the usa? our future, the strength of our middle class is inextricably that globaleding middle class. that is a solution for us. there is a gender issue at play. we are seeing lots of women graduate from college. they are going out with degrees, they are venture capitalist, they are entrepreneurs, they are starting their own businesses. how will a resurgent middle-class that is being lifted by females, how will that help change the dynamic? peter: if you look at the way women are behaving. every minute of every day, a woman starts a business. much faster rate than men. most venture capital goes to men and their companies but if you look at how women are preparing themselves, you are right. there are millions more women in college than men today. about half of all graduate programs, women. i think if you're going to look for one of the real factors in re

. >> it lead the oecd to cut the global outlook.ting investment and high unemployment over the move. he has been speaking to france's economy minister about the impact surrounding athens. he joins us now. >> we have been discussing the greek situation here at the oecd meeting although it was not officially on the agenda. everybody here is very cautious when it comes to greece being able to strike a deal. however when we talk about the timing, about the deadline everyone seems -- at least the ministers i talked to over the last two days that's the case for the dutch prime minister and french economy minister. he published a joint statement with his german counter part in which they express their vision of europe. the future of europe. some sort of lighter eu membership on one hand and more integrated euro zone on the other hand. why does it make sense? i caught up with him in an exclusive interview. >> you have to look at the euro zone and all of these corporations you have a multi-speed europe. but my strong view is when you have al

that's according to oecd secretary general.nbc he explained why slower growth in china and u.s. central bank policy were positives for the global economy. >> i see china and monetary policy in the united states normalizing as good things. china can be at 7% and if it stays at 7% that is sustainable, that's good news. 11% was breakneck speed. you go at breakneck speed. sometimes you break your neck. that's not good. the question of normalization monetary policy in the united states means normality is coming back. that's good news. >> joining us in paris is the chairman of the council of economic advisors. good morning to you. thank you for yoining usjoining us. you wrote recently that the second estimate of gdp for the first quarter was just a blip. is that negativity stemming from issues at home in the u.s. or issues outside in the global economy? >> if you look at the united states in the first quarter there were three things weighing on it. one was net exports took nearly 2% off our growth rate. that very much is a function o

the oecd made it very clear to us it's not only in the developing countries where a lot of work stilleeds to be done but even in industrialized countries. structural differences between men and women exist. for example, when it comes to independence it is again was also an issue and i will be inviting, i will be convening a conference on women in september. and we will be working on this issue again. it's a question of better vocational training for women, from developing countries. and we g7 are committed to seeing it that one-third more women receiving vocational education by 2030 compared to where the situation is today. so that's a very specific objective. we now have a process in place and there is some independent institutions that monitor what we do. and what we agree on at the g7 meeting, and we have an achievement rate of about 80%. that's from university of toronto. germany is at 87% so we are doing very well. next year when we go when japan has the presidency we will see where we stand and how much has been completed based on what we committed to. a lot of this was agreed o

this is from the oecd. we are more leisure time than ever, we're working less.axed to pay you at city college to teach your students this. this is just wrong. >> it's not wrong. we have plenty of evidence, the economic policy institute has dozens of papers on how americans are more productive and working more than ever before. and wages have not kept up with that. john: wages. we have a chart of becames. the average household -- of wages. the average household income has grown by 40% for the middle 49% for the bottom fifth over the past 30 years, wages plus benefits. >> real wages. john: this is adjusted for inflation. >> real wages have not gone up. john: but they have -- [laughter] >> you don't have, you don't have the purchasing power that you had 30 years ago. john: we have more purchasing power and things are cheaper. this used to cost $1,000. >> absolutely. but, you know what? more people are in debt. john: and china's doing better. >> on some things. john: so we could learn from china? a government-controlled economy? that does better? >> yes, we can. joh

this is from the oecd. we are more leisure time than ever, we're working less.r students this. i can't believe i'm taxed to pay you at city college to teach your students this. this is just wrong. >> it's not wrong. we have plenty of evidence the economic policy institute has dozens of papers on how americans are more productive and working more than ever before. and wages have not kept up with that. john: wages. we have a chart of becames. the average household -- of wages. the average household income has grown by 40% for the middle 49% for the bottom fifth over the past 30 years, wages plus benefits. >> real wages. john: this is adjusted for inflation. >> real wages have not gone up. john: but they have -- [laughter] >> you don't have, you don't have the purchasing power that you had 30 years ago. john: we have more purchasing power and things are cheaper. this used to cost $1,000. >> absolutely. but, you know what? more people are in debt. john: and china's doing better. >> on some things. john: so we could learn from china? a government-controlled economy?

i mean, that's what -- the oecd, organization for economic cooperation development which has something called the arrangement where most industrial lysed countries are a party to but china russia, inn i can't, brazil are not. we all have a standard, we all have a minimum fee we have to charge so there is not a race to the bottom. the challenge is can you please trees that are not a am member can do whatever they want, they can be opaque about it and they cause some of the most severe challenges to u.s. competitiveness. >> well, i will say in their testimony they made it pretty clear that it was all about market conditions and it was about meeting the -- especially in the case of -- i use the case of boeing because their name came up i have nothing against boeing, as i mentioned i like flying in their airplanes, but she did lay out the fact that it is that, it's a race to the bottom. we're competing with other countries. and i guess i would ask this question: how do you when you're making these loans to a manufacturer like this and you know that they are -- you're doing this to make it

of all the nations in the oecd, only chile even comes close to the gun related murder rate here in the u.s. we're the big red bar there. according to the "washington post," americans are 20 times as likely to be killed by a gun as someone from another developed country. as a nation, as a democracy, this is a path that we've chosen. and it is up to us to unchoose it. why pause to take a pill? and why stop what you're doing to find a bathroom? with cialis for daily use, you don't have to plan around either. it's the only daily tablet approved to treat erectile dysfunction so you can be ready anytime the moment is right. plus cialis treats the frustrating urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medic

the organization for economic cooperation and development, oecd.if you want to raise the lower and the middle class to higher levels, basically what you need to do is take from taxpayer a and give to taxpayer b. what do statistics tell us about that dynamic? >> they tell us that actually you want to raise the standard of living for folks that are kind of in the lower purcells of income, you have to create jobs and you have to spur an economy which is not actually done by -- >> when i look at gdp in this country, it was just revised to still slightly negative in the second quarter we're about to finish. is probably going to be in the neighborhood of 2% according to the atlanta fed, in order to get growth, you need to understand what makes it deficient. greece makes austerity a bad word,really a bad word? >> greece were the ideal. they redistributed more income than any other state. they had more government spending more government spending on social program and improved inequality the most from 2000-2012. i think it's more just fiscal responsibility

the oecd has been leading a piece of work about what's called base erosion and profit shifting trying to stop companies shifting their profits artificially around the world. the 90 countries that have signed up to automatic tax information exchange will make their work have real teeth. but we haven't waited for that in this country. in the last budget the chance to introduce what was called the diverted profits tax so that if we see a company that is making lots of money in the u.k. but not paying taxes in the u.k., we can present it with a tax bill. so we're doing the international action, but we're not waiting for it here domestically. i think this is changing the culture of the companies concerned. >> mr. speaker i welcome the prime minister's conversations with president bahari and the commitment to tackle boko haram in nigeria. he also mentioned discussions around tackling corruption. could he give us more detail about those discussions and actions? >> first of all i hope the honorable lady would agree with me that the president's election is actually a very important moment for

of all the nations in the oecd only chile even comes close to the gun related murder rate here in the u.s. we're the big red bar there. according to the "washington post," americans are 20 times as likely to be killed by a gun as someone from another developed country. as a nation as a democracy, this is a path that we've chosen. and it is up to us to unchoose it. ♪ don't let'em pick guitars and drive them old trucks ♪ boys? ♪ mamas, don't let your babies...♪ stop less. go more. the passat tdi clean diesel with up to 814 hwy miles per tank. hurry in and you can get 0% apr plus a one-thousand dollar volkswagen credit bonus on 2015 passat tdi clean diesel models. [husband] gaby's natural beauty products.one moment... [husband] gaby,amor,es para ti. [gaby] customer service...one second please. [gaby]hija¿podemos enviar 10 cajas más a miami? [daughter 1] ¡claro! sofi... [teen daughter]yo me encargo... this is sofia...sure,no problem. [announcer]you work hard to grow your business. at wells fargo we work with you to help your business thrive. wells fargo.together we'll go far. >>> this is

of all the nations in the oecd, only chile even comes close to the gun related murder rate here in the u.s. we're the big red bar there. according to the "washington post," americans are 20 times as likely to be killed by a gun as someone from another developed country. as a nation, as a democracy, this is a path that we've chosen. and it is up to us to unchoose it. innovation and you. philips sonicare. ♪ mamas, don't let your babies grow up to be cowboys ♪ ♪ don't let'em pick guitars and drive them old trucks ♪ boys? ♪ mamas, don't let your babies...♪ stop less. go more. the passat tdi clean diesel with up to 814 hwy miles per tank. hurry in and you can get 0% apr plus a one-thousand dollar volkswagen credit bonus on 2015 passat tdi clean diesel models. benny's the oldest dog in the shelter. he needed help all day so i adopted him. when my back pain flared up, we both felt it. i tried tylenol but it was 6 pills a day. with aleve it's just two pills, all day. now i'm back! aleve. all day strong. >>> this is a crime that has reached into the heart of that community. the department of ju

but we are sharing information particularly with the oecd countries. as i say thus far in the meetings i have had with them we seem to be having more challenges. as an economy, as well as a tax administration system. senator carper: last question if i could, mr. chairman. inspector general george. a year or so ago i want to say might have been -- i'm not sure the name of the firm. but u.s. firm that specializes in protection against cyberattacks, a private firm. someone did a fair amount of work on tax emanating from china. they actually drove down and said these are the folks this is where they are located, these are the people that are actually launching these attacks against our country. the chinese didn't accept it very well, but i have not seen anything to refute the veracity of the assertions. i always like to focus on root causes. i like to focus on root causes. i keep trying to figure out how do we go about a root cause approach to deal with this issue. it's just spreading. in our own family we have been involved in a hack against the universit

we will work with the oecd and the g20 to finalize an initial plan to stop companies from artificially shifting their profits across borders to avoid taxes, the g7 will push for targeted monitoring process to ensure its implementation. over 90 countries have agreed to share their tax information automatically by the end of 2018 and the g7 urged others to follow suit so more people pay the tax that is due. written has become the first major country in the world to establish a public central registry -- britain -- of who owns companies. other countries have to follow with the implementation of the own national action plan a key step in countering money like and corruption. we agreed lives would get special focus to corruption in the run up to the u.n. culminating with an anticorruption summit. mr. speaker, to international security for our number of issues discussed beginning with isil. with a three-pronged strategy. inand iraq first were helping to train iraqi security forces so they can defeat isil on the ground. we train over 1200 kurdish troops and after some announce we will now dep

the head of the oecd predicted the two sides will reach an agreement. >> when you have some a people so intelligent and smart and important inflectional trying to get a deal, mike variances you normally get a deal. it may be in the 11th hour. it is always the case but i think there will be a deal. erik: the great prime minister said his government came up with his own plan. a shakeup at the transportation security administration comes after test revealed disturbing laws in airport security. there are reports undercover agents were able to smuggle in items such as fake guns or bombs. in 67 out of 70 attempts. the tsa says the problems remain a real threat. >> the terrorists go to school on how they can learn from possible vulnerability. >> abc news reports one under covert agent but a screener up -- failed to discover a fake bomb taped to his back. stephanie: hundreds of people in china may have died when a cruise ship capsized carrying more than 400 people when it overturned in a storm on the yankee river. rescue crews were able to rescue several passengers trapped inside the ship. h

at the heart of my priorities, but also coupling that -- and this is something that the imf and the oecdgly talk about -- economic growth with greater equality so that we ensure the growth of the economy is enjoyed the many, not the few. scotland has a big challenge with those who live in poverty and depredation. tom: did you cost ed miliband the election? minister sturgeon: no, ed miliband lost the election because he could not beat the conservatives in england. brendan: in 2016, what are you going to run on? minister sturgeon: there are still challenges we have to face up to, but scottish education needs to become one of the best education systems in the world again. i am visiting a school in new york later this morning to learn what lessons we can from there. also real vision and passion about what scotland can achieve. i said earlier on we are open for business. we are a great place to do business. i want to see our economy grow, tackling the deep and structural economies that too often hold it back. tom: vonnie quinn, we have scottish foot. vonnie: -- we have scottish photos. vonnie

the oecd made it very clear that it is not only in the developing countries where a lot of work needs to be done, but even in developed countries. structural differences between men and women exist. for example, when it comes to independence. this was an issue and i will be inviting -- i will be convening a conference on women in september and we will be working on this issue again. it is a question of better vocational training for women from developing countries. we, the g7, have committed to seeing to it that one third more women receive a vocational education by 2030 compared to the situation today. that is a very specific objective. we now have a process in place and there are some independent institutions that monitor what we do. we have an achievement rate of about 87%. next year, when japan has the conference, we will see where we stand. a lot this was agreed on here and these are things where we will be working very hard in the next few months. i do believe that we have achieved more than just taking responsibility for prosperity in our own countries. that is why we have the

. >> i'm pleased the action to address it but given the oecd have all agreed that qualities -- inequalities exacerbate growth, it also has a negative influence on society. why is he and his government exacerbating inequality across the u.k. including a negative impact around health inequalities? >> figures shows inequality fell. i would say to initiate about priorities for development in terms of the u.n. goals we agreed in september. of course we all want to see reductions in inequality. what we have to do is determine what the priority is for the world in terms of attacking poverty and how we should inspire the new generation of people to take action, i would say those people living on almost nothing everyday, that is where we should put the emphasis. >> mr. henry smith. >> thank you, mr. speaker. i welcome the extremism bill the governments will be introducing. can my right honorable friend say what discussions with other g-7 leaders have had about sharing of intelligence as people traveling to support isil. >> we did have discussions about this. there is good information sharing between

the oecd data show, incidentally, that the united states spends more money per pupil in higher education than any other nation. yet, accreditation is not a reliable indicator of quality and the so-called good housekeeping seal deceives students and consumers. as professor milton greenberg has written, it's essentially a confidential process which hides an institution's advantages and disadvantages. let me explain. harvard is accredited, yale is accredited. so are amridge university, hodges university, our lady of holy cross college, the university of texas at brownsville and armstrong atlantic. if i am a student at harvard i am nearly 100% likely to graduate in four years. but if i go to amridge university in alabama or hodges university in florida, based on the data from the 2007 cohort i have zero chance of graduating in four years assuming i am a first time full-time student. if i go to our lady of holy cross college, i have a 5% chance of graduating in four years. among african-american students or a quarter of the student body, only 7% of first-time full-time students graduate withi

we will work with the oecd and the g 20 to finalize an international plan to stop companies from artificially shifting the profits across borders to avoid taxes and they will ensure the implementation. over 90 countries have agreed to share tax information by the end of 2018 and they urged others to follow suit so more people pay the tax that is due. britain has become the first major country in the world to establish a public center registry or who really owns companies and there are other countries that have to follow of their own action plans. a key step in countering money laundering and corruption. we also agree leaders we get special focus to the u.n. with an anticorruption summit in london next year. mr. speaker, turning to national security, there are a number of issues beginning with iraq syria, and isil. we are helping to train iraqi security forces so they can defeat isil on the ground. at the summit, i announced we will deploy an additional 125 military personnel to expand the training effort right across iraq. second, i reiterated our support for stability government that brings

according to the oecd, americans today, where we have the most advanced technological breakthroughs imaginable-- americans today do more hours of paid labor than any other working class in any country on the planet. where was all the leisure supposed to come from? all the work that was saved? less work for mom from all those appliances in the store-- that you could buy. meanwhile, mom has to go out and work because the family can't survive unless she does. she's not doing less work. she now has two jobs--the one in the house and the one in the labor force. it's absurd. and, by the way, that's not the fault of the technology, which really was liberating, but it's the fault of a system that has to keep making money whether the technology's advanced or not and drives people, because that's how it makes money. last thing about this system before i talk about a solution-- not only does it produce crises and the terrible waste and damage, not only does it polarize unless people react, and not only does it deny us the fruits of technical change, the fruits of all kinds of breakthroughs, but, even mor