one of the other positives, the oecd says, is that it picks out the oecd says, is that it picks out themahendra mercury has been introducing. —— narendra modi. we will also be hearing from the indian finance minister in world business report. now, it is date two of the big smartphone events taking place at the moment, the mobile world congress in barcelona. yesterday we told you about nokia, its latest attem pts told you about nokia, its latest atte m pts to told you about nokia, its latest attempts to revive its struggling mobile brand by introducing, again, the 3310. a host of new phones, as well, including the revamped version of that iconic handsets that we knew so of that iconic handsets that we knew so well. today we are taking a look at the future of wireless technology. rory cellan—jones is there for us, and has been finding out about the potential of 5g connectivity. so stay tuned to get the latest from him, and all the other business stories, in about 20 minutes. thank you, sally. at the end of last week, the greek prime minister said his country's era of austerity is over, bu

there is international pressure from the oecd with the fact that multinationals have control and in somexes and it needs to end at some point and it needs to end at some point and this was looking at a way to do this but unfortunately voters, 60%, rejected this. they need to come up with something different here. rejected this. they need to come up with something different herem the west, we talk about corruption. i not sure if everybody understands how much corruption undermines the country because luckily in the west we do not have it as much as in developing countries. i will give you a good example, on bbc iplayer, there is a documentary about afghanistan and the filmmaker says it is corruption that has stopped the country from developing even more than the taliban. it is about government corruption. it has been a curse holding many countries back. i think it was interesting that you say it that does not occur in western countries but tomorrow we are seeing results... of course, it occu i’s everywhere are seeing results... of course, it occurs everywhere the act it is not just... ok,

one of the other positives that the oecd picks out is the "comprehensive tax reform" that prime ministermodi's government is putting into place. we have spoken about this at length, the detail and the chaos caused by that move in november. today we will find out the impact on the economy? that's right. it is the first real data that will be coming out and that will give some to how that experimental exercise in pak are the indian economy. —— impacted the indian economy. —— impacted the indian economy. —— impacted the indian economy. the government put the ban in place in the first week of november. after that, businesses took a hit. consumer spending was hit. demand went down. that is why most economists have been really struggling to gauge how much it has really hurt the economy. this data is going to be very, very important in that sense. the bbc‘s economics editor spoke to india's finance minister and asked him why the government had to take the step, and how it had impacted the economy. (inaudible). 0k, clearly we cannot hear that interview, which is a shame. maybe we will get that s

of 25%. the uk tax rate of 20% and the oecd average of 2596.he has not finished, he has only signed executive order is on one relatively small regulation, there is a lot more the individual agencies can do as soon as more the individual agencies can do as soon as the cabinet secretaries are confirmed. and the markets and businesses are happy about deregulation and about revising the corporate tax rate. less happy about the possibility of protectionism in the possibility of protectionism in the us. how do we waive these two sides up? it is not clear that there's going to be protectionism because donald trump has taken a strong stand against the theft of intellectual property that some of our competitors are doing. and when that has gone away i do not think there is going to be a need for protectionism. he wants fair trade, not the theft of intellectual property. and i think we can have more trade and fair trade that will bea more trade and fair trade that will be a benefit to american companies. for example... they do not like the idea of terror

according to the oecd, the russian divorce rate is one of the world's highest - 4.5 people in every 1000plit up. while in chile, couples tend to stick it out - divorce has only been permitted there since 2004. china's divorce rate has risen considerably recently, and the "marriage salvage" market is booming. >> the agency in shanghai calls itself "the marriage hospital. the team is preparing for a new operation. ming li is the boss. her area of expertise? ousting mistresses. most of her clients are wives who who've decided to take action. >> at first, wives tend to put up with an affair because in a divorce their husbands would take at least half their assets. and a separation isn't good for the children. and if the husband were to earn even more money in the future, his mistress would get it. so wives tend to put up with it. the team heads out for a first round of reconaissance. in this case, the mistress owns a restaurant. the agency employees have fake ids and biographies to infiltrate the life of the rival: the job is a cross between marriage counselor and special agent. first, the t

robust network of rules and regulations and the international component is important in terms of the oecd ranking and the ease of doing business the u.s. does not rank all that well compared to other industrialized neighbors and i'm sure that was a thought when trump signed his executive order. active.e house was very what do you see in their efforts and how is it likely to turn out, based on the setup? i think they past five measures, last week, all of those will eventually be signed by the president. of the an important part method they are using, the congressional review act, to repeal these rules. a few hours in the house and senate, and it does not require 60 votes in the senate, just 51. you could easily see up to 15 perhaps 20 that eventually get repealed. they have until june to finish their reviews. host: tomorrow i think is when they start working on all of this, again. you can watch more of the action here on c-span. we have time for one last call. john from tennessee, democrat. caller: i have a question for the speaker. about the truck drivers having to fill out those reports.

comprisessagreement cease-fire, return of heavy weapons, and deployment of oecd staff to all conflict areas. why does it seem to be impossible for russia to implement these commitments as a confidence building measure to help us improve the overall situation? [speaking french] >> minister, at the end of your declaration or your statement, you talked about a post fake new world. i would like to respond to that. during the u.s. electoral come pain, there was a -- campaign, there was a controversy on the possible interference of russia in the u.s. electoral campaign. we have an electoral campaign ongoing in france, and one of the candidates has been complaining about, again, russia interfering. so that the french president held an emergency meeting last week. so my question, is it true or not? >> does russian foreign policy also consist of exerting influence on elections in democratic countries or is this just an illusion created in a post truth world? >> as for the first question, i'm glad that you have read the minsk agreements. unfortunately, you probably did not read it to the very e

the euro is anywhere between 5% and 25% undervalued according to the oecd, by four different metricst they use. this currency is the most undervalued of any of the g 10 according to the data produced by the oecd. therefore validating the proposition from navarro that the euro may be undervalued. response has been is moot. somebody want to have a chat with me? i will do what you are supposed to do when you're sitting there on your desk. i will take my ib chat off. it might not happen. we will get there. there we go. it is all about the dollar, as you can see. the dollar has gone from being perhaps the strongest trade of all to the worst start to trading for the dollar on record . so for this year, we have flipped it around. there you go. the interim attorney general was fired. trump blasting the stronger euro. aboutthe triple, reacting, resetting, and retreating. nejra cehic has a couple of stocks to watch. i'm off to radio. join me there with caroline. the stocks tove watch and while i am a during radio, ii am anchoring try to pick some of the boldest calls for you. humans moving som

. >> ronnie lotts' group says it is ready to get something done in oecd. it says, bottom line, if the raiders want to stay, we are more than ready to be a partner. >>> aeld county sheriff's deputies hope you will recognize a prisoner. this is 27-year-old shawn new. he escaped from a car yesterday while being driven to sfo. new was being returned to kentucky to face fraud charges. >>> today, lawyers for the wife of orlando nightclub shooter omar mateen will ask a federal judge to release her on bail. fbi agents arrested noor in november. the government says she helped her husband plan the attack, which left 49 people did. her family says she didn't know what happened until after the shooting. >>> 4:38 now and happening today, the city of richmond is going to court to defend a rent control law. opponentsment a judge to grant a preliminary injunction to suspend the voter approved measure. they say the law is too vague. the measure rolled back rents to july 2015 levels and limits annual rent increases. it covers an estimated 10,000 rental units in the city. >>

. >>> the release of an oecd police department audit and releasing new details. the report looked at 78 officers for misconduct cases. 17% of them had been fired from some previous employment and nearly half of the officers were not hired by at least one other law enforcement agency. the majority had failed oral and written tests. mayor libby schaaf requested that audit last may. >>> the announcement comes amid growing concerns of spying on muslim americans by the new trump administration. here's abc7 news reporter katie utehs. >> reporter: the san francisco police department is suspending its participation in the fbi's joint terrorism task force. >> it's more urgent now than ever before. >> reporter: this comes amid growing concern that local police could be used to spy on muslims. >> donald trump was very clear that he was going to be targeting muslims. he wants mass muslim surveillance, part of the work done with the fbi jttf could feed into this horrible muslim registry they're talking about. >> reporter: this retired attorney fights for civil liberty issues.

mentioning of the the earlier with the euro furthest below fair value of monti-10 peers, according to the oecdase power parity measure. where is the currency had it? mario: we think there is some consolidation and retracement at the moment, but if there is a reflationary policy implemented in the united states, which is likely to drive interest rates in the u.s. higher, one of the s of release resistance for a stronger dollar would be through the euro, so i would like to highlight the downside risks for the euro. we also have significant political risks in the european union in the eurozone right now, so i would expect beyond the short-term retracement we are seeing now, some downside risks reemerging for the euro, which is good news for the eurozone economy and something the europeans would welcome. shery: mario, thank you for joining us. mario maratheftis of standard chartered. coming up, we will be talking about japanese banks. this is bloomberg. ♪ [ alarm clock beeping ] weather. ♪ [ laughter ] cartoons. wait for it. [ cat screech ] [ laughter ] ♪ [ screaming ] [ laughter ] make everyday a

states report p proficiency show they're doing the same, but one state has average scores above the the oecd average. so again, that's the importance of this auditing function. and helping states to benchmark how they're actually doing. so that's the second. second, signal openness to innovation and accountability systems so it's a spark of innovation school design. currently all state accountability systems are based primarily on student math and reading scores. now, the skills are clearly important. and this ematter. but there are at least four well-done research studies showing long-term effects, interventionists designed to improve the lives of low-income children, that did not affect test scores. one of these is the opportunity. part of the effects of placement before 18 no effect on test scores. that suggests the importance of the accountability in a broader sense. the great availability of data on college, on crime, on labor market participation wages suggests the possibility of designing much more creative accountability systems. and i think encouragement of that would be valuable. p

this is from the oecd. we are more leisure time than ever, we're working less.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? t

if you look at oecd economies from 1952 2016, it happened in the united states at a higher rate than other advanced economies. italy had really bad productivity. it also had this. it also depended on the types of policies for the -- the different countries have made and i believe you with big pictures about what i think this implies for policy. first, we need more productivity growth this is -- need more productivity growth. this is not something we should fear. this is something we should celebrate. the second thing is job losses not inevitable. but employment loss is not -- when they look at training programs, whether they are training job search, apprenticeship, and the like, we have done less a good job in our country then some other countries. that is critical to helping people being employed. the third is the best insurance against technological change is education. this is a lesson we see in lots of different ways, but in coming to deal with the disruption, it is pretty hard to predict what the effect will be. but every time we have seen change, we have better change to cope w

one but if you look at the productivity like you have seen in the united states is no well as many oecd countries the last 10 years automation is peony compared to the pc revolution. nothing compared to a manufacturing revolution that took place when real heavy machinery replaced workers. so if you start to plot trade and especially china verses manufacturing jobs actually the effect is to reverse, it's actually the other way around. the chinese demand american goods. they needed in order to grow their economy and if you look at google shares verses unemployment in the united states you will see a reverse relation as well. the main job-killing in manufacturing is actually service. most jobs were never lost. they were just upgraded to get a think about it look at the previous generation. you are maybe working on a factory floor but suddenly you are an assistant service manager and that's actually most of how service manufacturing jobs were lost in the united states and europe. they were never really lost and i think it's an important point to remember. that goes to the first question we

at the same time, there is a book published together by oecd and iaea. the government of iran with the near production numbers of uranium. so i have difficulty to understand why there's confidence in other publications with this is not confidential. and then, the last point on the nuclear so-called broader conclusion. this also deviates from the practices. the jcp away -- jcpoa says once they have reached a broader conclusion, iran will seek to ratify the example. of course the other way around. of course they have to ratify and make.legally binding. then we'll study the nuclear program and provide the conclusion. here it goes the other way around and doesn't set any timeline for iran to come by without requirement of the conclusion. then, mentioned the question other ballistic missiles and the missile testing if iran is called not to do those tasks under the security council resolution 2231. actually, he also mentioned he used a lot of buffer for several months to negotiate this agreement. it's a little bit strange to me for two reasons that iran does t

if you think about where we are from the competitive position against other oecd countries, you'll find it very clear. in 2015, we were 36 in math. we were 18th in science. 14th in reading. we are spending somewhere near $700 billion on education, and our performance is subpar. and for those kids trapped in underperforming schools, this is a sentence for the rest of their lives. we should be just as focused on those underperforming schools, those kids that are trapped, as we are the overall education apparatus. am i running out of time, mr. chairman? senator alexander: thank you, i think so. senator scott: i will wrap up. time wondering why the never moved. i thought it was divine intervention. [laughter] .et me just say this the national report card on 40%ic education, in math, in the fourth grade are worthy to be. are where they need to be. for kids of color in math, 20% are where they need to be. in reading, 30%. what am i suggesting? that the real debate isn't betsy devos. the real debate is generations of kids that are stuck in underperforming schools. that is a travesty. senator a

it values the currencies based on the oecd parameters.ng to that, the yen is 11% undervalued. does that sound right? bob: it could be. there is the old mcdonald's, the big mac number, too. if you look at the big mac number, yeah, the big mac index, that shows the dollar is quite a bit overvalued at the moment. so, i mean, if you look at different indices, 10% is not a huge amounts. it could come down. that means from 1.13 it would go down below 1.10. that is certainly within the range of equality or where it should be. betty: you actually think the u.s. dollar is added peak, that the gains are done. i think right now we are seeing the dollar probably added peak. i mean, if you have good global notth, that's generally dollar positive because when you have good growth around the world, money tends to flow from the united states to other parts of the world where growth is better. and right now, emerging market are doing pretty well as commodities have come back. china is growing faster again. europe is picking up. that is not dollar positive

if you think about where we are from the competitive position against other oecd countries, you'll find it very clear. in 2015, we were 36 in math. we were 18th in science. 14th in reading. we are spending somewhere near $700 billion on education, and we are spending $700 billion on education. our performances subpar. for those kids and underperforming schools, this is a sentence for the rest of their lives. we should be just as focused on those underperforming schools, those kids that are trapped as we are on the overall educational apparatus. am i running out of time. >> i think so. the clock wasn't working. -- i assumed it was divine intervention. for those four minutes left. >> i don't have time. this.say the national report card on education. gradeh, 40% in the fourth -- 20% are where they need to be. the real debate is generations of kids and underperforming schools. that is a travesty. >> senator markey. -- murphyrkey bank bank -- you can contort the past in order to find a precedentitso achieve. you cite precedent suggesting that the time of the hearing was as long or longer tha

so we'd be satisfied if we could get something that was competitive with the oecd countries.her industries that want something that's approximating zero. we don't think that's fair. we don't think that makes sense. and we're sure it's not going to be good for the american consumer and for taxpayers. we're really going to be the ones that foot the bill for the tax cuts that these other industries are going to receive. so there are other ways to do it. wed need to explore those other ways and i think that requires everyone to sit down together at the table and have that conversation. >> hey, matt, eamon referenced the nordstrom issue. do any of the ceos who do business with ivanka trump or any members of the trump family, will they seek assurances that they won't be called out if they recalibrate their purchasing decisions? >> carl, i can't speak for the ceos, either those that are here in town today or others that you mentioned that have gone through this experience. i think what we know is that we've got a new kind of chief executive in the white house, very passionate. willi

we have a 35% corporate tax rate, the oecd average is about 23%. gdp weighted it's about 26%.can't be that much higher than the rest of the world. we've got to get competitive. we're committed to do that. last thing is we've got to build a better infrastructure. we've got to make getting raw materials to factories and getting finished goods out of factories much more efficient for our companies here to be competitive in the world. and we're committed to do that. >> gary, it's david faber. you mentioned of course tax reform which you said is a key component of the overall growth agenda. specific to that, will the administration support a border tax adjustment as part of any tax reform package? >> david, at this point we are exploring every and all options to get our u.s. corporate tax rate down to the lowest possible level we can get it. we are open to every option. this is a very tough problem in getting our taxes down. we've got a lot of expenditures here in this country. we want to preserve many of our expenditures so we have to deal with the revenue side of the equation. we

united states spends less money on these kinds of retraining programs than any other country in the oecdents that they need, to fill these jobs. tom: a blast from the past, i have not asked this question in over a decade. towards twing deficit hysteria? are we heading to where they trump administration were received deterioration in the fiscal budget deficit, and a deterioration in the trade deficit? edward: that is entirely are going backu to the reagan years, the last time we had that problem. there are a lot of echoes of reagan in the trump administration's approach. foreignh, going after countries or don't like their trading practices. reagan was aggressive on that front. tax cuts, fiscal stimulus, which will drive the dollar up and increase the trade deficit. that is a leading concern. tom: i know you are an expert on the bad hombres in mexico. help us. what we need from secretary tillerson -- what do we need from secretary tillerson? edward: we need stability, we have a president who learned his negotiating style from the new york real estate business. when it comes to diplomacy, y

[laughter] we have the highest corporate tax rate in the oecd at 35% and the fourth lowest revenues ase of gdp. we're right at the very bottom on revenues and the top at tax rates. if we cut that tax rate from 35% to 15% federal we'll raise revenues like mad without any other tax increases. believe me when i tell you that. it's a curve. it's my profile. [laughter] >> news alert the dow industrials are about to turn positive. looked that way a second ago. we're down 4 on 20,400 index, don't have much to worry about that. president trump and treasury secretary steve mnuchin has been confirmed. they say it'about tax reform and peeling back regulation. i'ot that. carol, one of the things i liked about swearing in yesterday when president trump said, steve mnuchin has the midas touch. he turned everything to gold. when have we ever had a treasury secretary, the man makes movies and-- >> president trump will like somebody who turns things to gold. his secretary. steve mnuchin understands the challenges in the tax codes and weird loopholes and things that create nonprofits off shore. we don't

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 b buy. meanwhile, mom has to go out and work because the family can't survrvive unless she does. shshe'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 techchnology's advanced or not and driveses people, because that's how it makes money.y. last thing about this system before i talk about a solution-- not only does it produce crises and the terrible waste and damage, not onlyly does itit polarize unless people react, and not only does it deny us the fruits of tecchnical change, the fruits of all kinds of breakthroug

we're the only one of 35 oecd nations that don't have some sort of border adjustment, vat, somethings a result it's hurting us. we're not able to create jobs as quickly. that has been an issue important to the president. is there a way around that? >> a long time ago on import certificates it's too long to describe. there are various approaches. i actually have one i like, but it would take a long time to explain. i understand there's an article today by marty about how the dollar would adjust upward so you would be buying these things cheaper. >> that's the idea that in theory over time the dollar would adjust but it's never been tried. >> i would not bet on that. for one thing, that kills exports. so free trade is wonderful for the world and for the united states, but its benefits are diffused among 320 million people. you buy bananas cheaper because we don't try to produce them in the united states. but the penalties from free trade are terrible to specific industries. as an investor, i can own -- make a dumb decision on owning a shoe company. if i own a good insurance company, i

in fact, we are probably on the bottom in most oecd countries. we have to change.o much and we're back the basic skeleton and staff are stretched to their limits and that is unacceptable. it is also, i would say, a leadership moment, notjust for staff also, i would say, a leadership moment, not just for staff and departments trying to deliver good care, but also executive boards and trusts and national bodies making submissions to the prime minister, making it clear as to the scale of the challenge and why we need to invest. do you think leadership in hospitals is bad at the moment? no, not at all, in most trusts and hospitals, leadership is showing... crosstalk you say it needs improving? no, what isaid is you say it needs improving? no, what i said is i think there is a need for focus around emergency care at the moment, because, as yourfigures show, the system is unfortunately acutely stressed. ok, thank you very much for your time this morning. thank you. the time is 7:15am. that is our main story this morning. leaked figures show the performance of a&e units i

we're the only one of 35 oecd countries that don't do something like that.u hear from the big retailers, somebody like a walmart or target, they say it would wipe out their profits potentially and be a tax on consumers. which one of those camps do you have your own concerns more chose closely aligned? >> we're reaching out to business. not just big business, but small and medium sized businesses, and we're lening istening to what p have to say. as a matter of fact, this morning the president is hosting a group. we have about 30 executives from various manufacturers. i'll be going to the white house and participating in that. the president has already hosted the retail groups. so we're listening. we understand the concerns. we understand where people are, and we're going to have a plan that addresses these concerns. >> is it fair to say it's still a little too early to tell on these details? >> i would say it's a little too early to announce. we're working behind the scenes very carefully. we're running a lot of numbers. we're taking into account a lot of iss