rate through - webv or a project financing factory, or if new tools appear within the framework of pppase these are conditions that differ from the usual commercial banking conditions, you can call it, you can call it support, you can call them whatever you like, the tori, which are often in the federal government, some criticize, others promote, well of course, this is a benefit, if you don’t want to call it support, call it anyway... special conditions for the development of a project, we must learn to give such special conditions to those who cannot implement a project under general conditions, if such a project is important for the state and for business, in general for the macro-region as a whole, well yes, then we must make a decision that for this project the rate will not be 18-20%, 10-11, that is, now the factory provides project financing for ppp, we are confident that now we are on the threshold of completely new... this project or not, through the supervisory board for the economy, and interact with investors and commercial banks in order to create a syndicate, approximatel

we currently have a ppp and concession package worth about 20 billion rubles. that's 10 projects, fairly large projects that we're developing . we believe that overall there's still a lot of potential to use these tools here. artificial intelligence, digitalization, we see how all these projects on artificial intelligence are increasingly entering all spheres of the economy, including the banking sector. if we evaluate in money, in some economic effect, what profit, so to speak, the introduction of artificial intelligence brings. biro, in which segments is it most profitable? we calculated how much we earned in 5 years due to artificial intelligence - this is 1.5 trillion rubles of net profit, this is decent money. if we talk about forecasts, we will earn 1.5 trillion, 450, 400-450 only in the twenty-fourth year. in the future, these figures may increase or this is the limit and so on annually there for 5 years to come. it depends on the age of the business. and well, first, let's look at the overall picture, we believe that by the thirtieth year , artificial i

you said that for the implementation national projects , such mechanisms as concessions, ppps play anortant role, how these mechanisms are developing here, using the far east as an example. we work very well with the far east, we now have a ppp and concession package here of about 20 billion rubles. these are 10 fairly large projects. projects that we are developing, we believe that in general there is still great potential for using these tools here. artificial intelligence, digitalization, we see how all these projects on artificial intelligence are increasingly entering all areas of the economy, including the banking sector. if we evaluate in money, in some economic effect, what profit, let 's say, the implementation of artificial intelligence brings to sber, in what segments is it? this depends one way or another on our loan portfolio, on our clients, and so on, so if the business with bera grows, then the profit from artificial intelligence will also grow, we plan to grow the business, so the profit from ai will of course also increase, and here in the far east is it possible to

developing economy, so here - and the chinese economy, which is second in the world or even in terms of ppp terms of purchasing power priority, is first, it is also developing, and the indian economy, which is now again in terms of parity, it is the third economy, japan is the fourth, it is also developing, that is, in principle , developing economies - this is not an offensive characteristic, basically it is not the size of the economy that determines its development, but ... and the ecb, and the bank of england, canada, and other developed countries, in relation to the economy, they they are lowering the interest rate they started doing it before the federal reserve, and why do you think the federal reserve is lagging behind, and usually before, as a rule, on the contrary , other central banks followed, why did this happen now, what do you think, or was it not fundamental, this is important, this happened because uh... inflation, inflation in europe, in sweden, which still has its own separate currency, canada still has its own national bank. somewhere around this year it will be 2.5%, th

the globe this global mosaic of partners who are better enabled and we can actually share malware, pppst cetera, what adversaries are doing and gives us the ability to impose costs globally. that the capacity building that we didn't have. as we defend forward operations, it's not only a tactical operation but how to give operational advantage and strategic advantage to the nation and that partner and so i would offer what we are continuing to build his we are seeing these partners all want also wanting to do these operations both internal to their nations but also folks in their own ecosystem, actually reaching out whether it is a nation they are partnered with, what we are seeing, the growth of these operations, i will give you from a numbers perspective a trajectory where in 2018 we were doing 5 or so of these operations over time but has grown significantly. last year we did 21 and this year on the trajectory to do more than 25. some of these are persistent, we are being asked more and more by partners to come help them upscale their people and also it is a really, centered diplomacy

and our goal with our ppp was to characterize the gap that t we e and try to channel money into that specific create. -- specifically. and why stripe, it is a little odd, right? we build economic infrastructure for the internet, we process payments, help businesses scale and grow. and, you know, this started a bit for uss as a small experimet in 2019. we published a blog post that was a million dollars to buy permanent carbon removal at any available price, and the field had sort of a weirdly positive reaction which to us just said that this field has been so starved for customers if anybody cared about a million dollars. that kind of led to phase two which was we -- [inaudible] stress climate, still operating today, and that accessibly made it easy for any stripe business to address a fraction of their revenue into carbon removal and buy even more down the hopper. that was phase two and got us from $1 million in phase one to tense of millions of dollars in phase two. and then we said, okay, that's a nice, you know, a good step in the right direction, but what else can we do. and, yo

one, when donald trump was president, his ppp program, 95% of black and brown businesses were rejected at the state level received money from the bite affairs administration and can create a program with $125 million to barber shops, beauty salons and neighborhood businesses, the kind of businesses that regular people are concerned about. you hear folks wanting to talk about how do you start a business? how do you create generational wealth i think it speaks to people in pennsylvania from pill -- throughout the commonwealth are thinking about. >> it's interesting to me because one of the things we know about nevada voters is they are notoriously important -- impossible to pull and are like deciders. i guess you have a better read on what is happening in nevada impulses across the country. what will it take to get them over the finish line for kamala harris? >> you know what, i just recently finished a statewide tour going to every county within our state. we called it our kitchen table tour. talking to voters, not just democratic voters, but republican voters, independent voters statew

and the government started with the fiscal stimulus, all the other things to keep things moving, the pppthat sort of stuff. we avoided one of the biggest financial calamities in the face of a black swan event that something will use and for finance. no one could have seen that coming. i think the fed is doing a very good job right now. whether it is 50 or 25 doesn't matter. what they are signaling here is that we are not going to let the economy go into recession if we can help that. >> here is what i need you to do for us, run. it seems like politicians have grown to believe that the american people don't care about the deficit anymore and largely they might be right and it is not just republicans. it is democrats, too. every day i have a new tax-cut in this tax cut. nobody's talking about what really happens to the economy when the deficit balloons. can you educate us? >> well, there is the risk that the following happens. number one, people stop buying u.s. treasury bonds because they are afraid the u.s. cannot pay back its debts. interest rates would spike, the dollar would crash, th

one is there was a surge of business applications and formation as the ppp loans and the employer retentioniated with businesses that could retroactively be created as pandemic-related businesses. once that rolled off, you can see that dip here -- i don't want to draw -- charles: right. >> but this rebound that occurred in the next move was actually a regulatory filing change. we changed the requirement for employee identification numbers which is what business applications really are, we changed that threshold from 20,000 worth of expected annual revenue to $600 of expected revenue. charles: wow. >> that obviously captures a much wider net like uber drivers, right? this is what a we're capturing here, that's why it's not showing up in the high propepsty stuff and part of the reason why the data's so off. charles: you're right there in common sense, my man. we want entrepreneurship to the flourish -- >> absolutely. charles: if it's not, let's find out what we can do to make it better. thank you. >>> breaking news right now, we're learning more about the u.s. government's concern about nippo

one is to encourage ppp units, government entities that are well established around the world including in australia, canada, china, egypt, japan, the united kingdom and others. i believe that with several key policy changes i have described, infrastructure projects can deliver long-term benefits and returns were all parties. thank you for the opportunity to testify. chair brown: thank you. for decades we have seen corporations follow the business model that pursued growth by closing factories, shipping jobs south and overseas in search of cheaper wages. it has devastated the hometowns of each of us. we passed a bipartisan infrastructure law to create the types of jobs that corporations cannot outsource construction workers in ohio at a 24 year high and growing every week. when people bring home a steady paycheck, the entire community feels the benefit. i love what you said about generational careers. talk about how these projects create the jobs that lead to generational careers. >> if we could talk about the chips act. >> of course. >> the intel factory, i worked intimately with the c

regions to utilize units which are quasi-governmental entities that assist the public sector in of taking ppp. such units are well-established around the world including australia, canada, china, egypt, india, israel, and the uk. among many other countries. i believe that was several key policy changes that i have destroyed best described, the can offer returns for all parties. thank you for the opportunity to testify and i look forward to your questions. >> mr. knisley, we will start with you. for decades we have seen corporations follow the business model the pursued growth by closing factories, shipping jobs south and overseas, always in search of cheaper wages. it has devastated the hometowns of each of us. we passed a bipartisan infrastructure law in part to create the types of jobs the corporations can't outsource. a number of construction workers in ohio, a 24 year high and growing every week. you note that when people bring home a steady paycheck, the entire committee feels the benefit. i love what you say about generational careers. talk about how these projects create the kind of co

life on the line every single day, doctors had bruises on their face because we didn't have enough ppp and family. they were being cheered out of a hospital and that was under donald trump. >> are you know, calls the pandemic and no, i'm saying he was the leader who mismanaged is so win win because we've had this conversation before bleach in arms, lack of ppe for what for now the question the question the vaccine saying at hitter off, are you better off? i just want people to remember what four years ago was. >> i think more of the point. i mean, she does have to she has to be specific while being vague. and that's a very difficult thing to pull off. one of the things it's important is to point out the united states is a roaring success right now across the world, china is a hot mess. europe is struggling all the the us, if you compare it to everyone else, isn't an astonishing position in terms of economic growth and everything else. >> the problem is people don't feel it. >> and so she has to address people not feeling what's actually happening and also address people who aren't bene

failed to supply the states with critical medical equipment and ppp. he said interstate death match for medical supplies. telling governors to try getting it yourselves. donald trump said about theequi virus, i always wanted to play it down. despite privately acknowledging the covid-19 was deadly stuff. he deceived america and insured everyone the virus was like the regular flu. hose injury braced the heard immunity theory that some were promoting. this was a dangerous thing to do. after watching the bodies pileup. he announced he had imaginessad magical cures that disinfectsst fectant might be a treatment and predicted the virus would, like a miracle, disappear by easter. despite the advice from dr.fauci. trump touted the medications as game changers to be put in usage immediately. this is the context within which we are discussing a very serious and nonthe less detail of one policy that's controverted. i appreciate the fact governor cuomo appeared voluntarily to answer theri questions. where is donald trump to answerse questions about his negligence