private is better. that's our show tonight. private's better? that doesn't sound right to people. private seems selfish, secretive. by contrast, public or government-run sounds like sharing. we are all in this together. i have this phone because it was invented without government. first they had to give the developers permission. government was barely aware people were working on this thing. permissionless innovation is a beautiful thing. to the author of this book, this permissionless innovation that brought us google, facebook, the phone, is threatened now? >> it is, john. there are a lot of efforts to impose permission-based. john: drones, they are inventing all kinds of things but the government says you can't do it news get an faa license. >> there are hypothetical worst cases that could occur, and they end up basing policies off the worst case scenarios. if you base it off worst case scenarios, you will never get the best case scenarios. john: they weigh less than asea guls -- than sea gulls which planes hit all the time. john: so drone makers are going overseas? >> a lot of

and willn step up probably step into the private sector. there are still some projects, one i have not finished is making the federal trade commission building which is across the street of the west wing of the national gallery, and i am a history buff and the national gallery is the incredible treasure, it has the east wing but in generations we have not had in addition. the federal trade commission building can accommodate that, across the street from the west wing built in the 1930's. the inside is the 1930's. we want to add that as a wing with a tunnel underneath. great plans to do that, move the federal trade commission down to the north end of the department of commerce. there is 1.5 million square feet down there and enough space to and the federal trade commission so you have them altogether, a nice view of the white house and bureaucrats also differ federal trade division but millions of people can come and we will have a world-class national gallery. we will complete with any galleries in the world and we should. this is the natio

and give it to the private sector. good thing? let's bring in retired army staff sergeant anthony calla. he knows the va all too well. three tours of duty in iraq. hit by improvised explosive device, suffered a traumatic brain injury. we have former congressman alan west, he had to teal with the va himself. anthony, thanks for joining us. what is your experience from working with the va hospital serving in iraq? >> when i came back from my third deployment in iraq in 2011. i went to the va and after appointment, after pointment. here is medication for you. here is medication for you. after i was all over and done with, being at va 20 times three months i had total of 12 medications. when i got hired from a software company, i had private insurance i cut down 12 medications to only two. so the care and service with the va, it does need a little bit of help. i think privatizing it would definitely help veterans getting out of the service. liz: do you think privatizing might have its downsize? some people are concerned ab

. >>> going private? president-elect trump hints at the idea of privatizing the va. the challenges facing that idea. >>> and on second thought. the growing concern on using e-mail, on "nightly business report" for thursday, december 29th. >>> and good evening, everyone, i'm contessa brewer in for sue herera. and this is i'm bill griffeth in for tyler mathisen. history is made, we're finally anchoring together. >> it's about time, they've kept us apart all these years. >> i agree. >>> after the federal reserve raised interest rates a few weeks ago, there was no reason to believe that anything would change in that regard. now according to mortgage buyer freddie mac, a 30-year fixed rate mortgage has ticked up to 4.32%, the highest level since april of 2014. and considering that the archfor all of 2016 for the 30-year was 3.66%, that was the lowest since freddie mac began keeping records 45 years ago. that's quite a spike in just two short months. if you're thinking of buying and you're nervous about high rates, diana olick tells us tonight that there is a way to get a

it's not just public and private. it's public, private, and people. and that's incredibly important. we need to figure out a way to get citizens involved in the solution creation, not just feel like we are creating solutions on their behalf and then wondering why they're not actually getting adopted as fast as they should be. people know what their issues are. they understand very well how solutions should be done within their own community. somehow or other we have to figure out how to tap into that as part of that model, a 4-p model, p-p-p-p, is the way to go in this area. different cities that are getting it right and how we're learning at overall solutions, actually i think washington, dc is doing quite a bit in this area, when it comes to looking at traffic solutions, et cetera. boston is doing a tremendous amount. what i love about the way boston is doing it is they're starting from the overall communications. you know, obviously you can't have any of these technologies work if everything doesn't talk with one another. they're starting right fro

these are privately owned schools. is the first step toward privatization.y are schools that are open to students -- which students can choose -- but very often, they are worse than the public school they are leaving. a voucher,r, the otherer hand, a plan to give the money directly to the familyy -- although, they never see the money, they're just told "you now have a voucher worth $5,000, $6,000 -- whatever it is worth" and you can go to a commercial school lr charter or a religious school. this breaks the long history of separation of church and state because most of the vouchers that are used in the states that have vouchers offer religious schools. and most of them are not going -- it is not enough money to go to an elite school or the best school, it is usually, like in the south, it is back with cinnamon a list schools that have uncertified staff. amy: what is your assessment of her educational background? >> i agree with lisa, she is the most unqualified person ever to be nominated for this. more than that, she represents the religious right. she is u

>> well, privatization is basically a wholesale selling off of a government function to a private industryat is not what president-elect trump is proposing. that's not what others have proposed. both republicans and democrats in terms of expanding choice. and that's not what we had cva have proposed. many are mischaracterizing what we and others are proposing as privatization because it's a political tact. they see it's unpopular. it's an unpopular term. so they're trying to mischaracterize and create these strong-man arguments and say what we and president obama trump are proposing is privatization has a way to undermine it and maintain the status quo at the va. >> we should point out that the leader of your group is being talked about as being considered for the position. >> right, former leader. >> former leader. director of the department of veterans affairs. are you surprised given how much president-elect trump talked about veterans during the campaign, are you surprised he has not met yet with the head of the american legion or vfw, veterans of foreign wars, the paralyzed veterans o

is privatizing the va a good thing? >> i think privatization is a good thing. one of the founders of "reason" invented the word, i'm all in on privatization. however, i'm also a strong believer that donald trump's version of privatization is not going to be the same as my krergs. i'm worried it looks more like cronyism to insurers or medical providers. i think people will miss that amidst the fuss over the word privatization and the idea which is a good one. maybe since the va schemes screwing up, maybe we should let someone else have a try taking care of our vets. kennedy: vets have had too much care from the current administration. many vets are pushing back against the idea of privatization, they say they won't get adequate treatment for traumatic brain injury and post traumatic stress disorder. is the va the only place to treat them? >>here are so many professions with specific pathologies associated with them where we don't say we have to build a parallel health system to take care of those problems. there will be doctors, some of them currently working fo

so the private health insurance portion is doing to go into private business there. so there's a crosswalk where we take all private health insurance premiums and it goes into the different buckets. so i think micah was just trying to explain the employer/employee breakout. and so the employees share would go into household and the employer would be broken up between businesses and governments. >> so what i'm paying for employer provided premiums is counted as a private individual expenditures and is not counted on the employer side. >> correct. your share is going to be in the households. >> sponsor estimates are a way to sort of track who ultimately finances the payers and programs that we have discussed previously. so we want to take the premium payments that come from the household, put those into household. as federal employees, it's the same thing. the federal share of our premiums that the federal government pays on our behalf would stay with the federal government but the amount we pay would go back to the household that way we can look at revenue, federal go

into private business there.o there's a crosswalk where we take all private health insurance premiums and it goes into the different buckets and so i think mika was just trying to explain the employer/employee breakout so the employee's share would go into household and the employer would be broken up between businesses and governments. >> so what i'm paying for my employer-provided, my share of my employer-provided premiums is counted as a private individual expenditure. >> in households. >> and is not counted on the employer side? >> correct. you're share is going to be in the households. >> our sponsor estimates are a way to sort of track who ultimately finances the payers and programs that we had discussed previously. so we want to take the premium payments that come from the household, put those into household. us as federal employees, it's same thing. so the federal share of our premiums that the federal government pays on our behalf would stay with the federal government, but the amount that we pay would g

we are looking at investment for these from the private sector. we are looking at the public sector. and we are looking at the opportunities, also, for foreign direct investment whenever it is appropriate. i look at china, which is subject to great controversy these days, but we obtained a $1 billion investment from china into a bio-product mill in south arkansas. it is a huge investment that creates jobs. so it is the foreign relationships as well as our federal government relationship, private sector relationship. all of this taken together allows us to succeed. we have one of the largest new steel facilities being built. almost completed in eastern arkansas, big river steel. and that was an opportunity that retirementteachers fund invest in. so when you are a small state, you have to rely upon a whole arena of investment opportunities for huge or big infrastructure projects, whether they are private sector driven or public projects as well. so we did a highway improvement plan in arkansas that was bipartisan that we just passed in a special ses

if you have a private security company or private entity working there, could day work with the host committee there and do it in that way? yes, they can. >> are still doing it under the color of the president's orders? >> technically, they cannot do it. the president or the government of the united states cannot use a force to shut people down. but if the president of the united states comes here and he's speaking and somebody does something in the audience or employees do something here, your private security here, they could come in and say, you need to leave. so that kind of rings true at any venue you go. >> it may ring true as a loose transition. the question is whether this is being formalized and expanded in a way that has free speech ramifications. we don't know yet. we're reporting to keep an eye on it. evy poumpouras, thank you for your expertise, as always. >> thank you. >>> ahead, more on that tragedy in germany. nine dead in berlin after a truck drives right into a crowded market. >>> and later, the billionaire cabinet. what donald trump's inner circle might mean for th

using the about for private use. the project sponsor is here if you would like to ask that question. >> love to. do you so stephen queen >> yes. project sponsor is a good >> with the project sponsor please come up. i the couple questions. is the project sponsor your? >> there are. a representative of the intercontinental hotel could come up and speak? >> thank you. my question is, we are talked about the calculation and want to know specifically if we took into account how much revenue the current spaces generating or how much it generated in the past? >> larry back there about their urban plan representing intercontinental hotel. no, don't we we took that into account. >> the question is how much revenue will you be able to generate if you're able to convert this bubble into private use among not much will generate but how much do you asked me to generate. that's the question from the chairman >> i actually don't have that figured i do know what it will do in general terms is allow greater occupancy by the union hot

yes, you are private sector.saudi economy is going to slow down, fundamentally, because the oil price has plummeted, it doesn't look like it is going to rise anytime soon, then you have a problem. i don't mind being in the saudi economy today. we are going to grow at 4%.m we are going to grow at 496. it is also about the regional picture. you sit in the middle of a region that is full of turbulence, turmoil, war and uncertainty about the future. that is also a terrible problem. i think that people forget that the middle east have had challenges for the past few years. the war in the 1980s between iraq and iran, with the us in the 1990s. the second gulf war in 2000 and the arab spring. we are kind of used to it. saudi arabia has been stable throughout all of it. you've been in the country, you've seen it. does this look to you like a country in turmoil? i have talked to a lot of people who talk about uncertainty and challenges facing the kingdom unlike any they have seen before. it comes back to the point about wh

but he had an idea. >> what if we had a hybrid of public and private? there are certain things that the private sector does better than the public sector. government can come up with the policies. but management systems and service delivery, often the private sector does better than the government. >> reporter: werner hired seven private organizations to run a total of 94 primary schools. bridge, the only for-profit, runs 24 of them. josh nathan is the company's academic director. >> what the government has done in liberia is quite courageous. they've said "we're struggling with providing children this basic right. so what we want to do is look around-- inside liberia and outside liberia-- at other people who are succeeding in providing children with an excellent education. >> reporter: the government agreed to pay the companies directly, so education remains free for families. the companies also provide uniforms, which are required at public schools, and whose cost keeps many from attending. when we visited the bridge school in kendaja, the semester wa

using the about for private use.he project sponsor is here if you would like to ask that question. >> love to. do you so stephen queen >> yes. project sponsor is a good >> with the project sponsor please come up. i the couple questions. is the project sponsor your? >> there are. a representative of the intercontinental hotel could come up and speak? >> thank you. my question is, we are talked about the calculation and want to know specifically if we took into account how much revenue the current spaces generating or how much it generated in the past? >> larry back there about their urban plan representing intercontinental hotel. no, don't we we took that into account. >> the question is how much revenue will you be able to generate if you're able to convert this bubble into private use among not much will generate but how much do you asked me to generate. that's the question from the chairman >> i actually don't have that figured i do know what it will do in general terms is allow greater occupancy by the union hotel

with the government on private sector to realize there are different interests. we have great communications with the security community, a lot of government people in fortune 500 companies. on the other hand, you head general councils very worried about sharing information with government, collaborating with government. you also had executive very worried, as multinational companies, what it will be like moving with u.s. government and all these scary sounding agencies to foreign markets. there was tension in getting this partnerships off the ground. jill: and i have to bring up the fact that the snowden situation happen. did that hurt or help the ability to partner with the private sector in terms of share information and so forth? same time as congress moves forward on legislation to make it easier to share information. now we are in a situation where those legal questions, they have largely been answered, but there is a continuing problem with you are a fortune 500 company for collaborating. it is a problem in safed -- south america. that is a challenge conti

so the private businesses are employers as well, and so the private health insurance portion is going to go into the private business there. so there's a crosswalk that we take all private health insurance premiums and it goes into the different bucket. so i think mica was trying to understand the employer and employee breakout and so the employees share would go into household and the employer would be broken up between businesses and government. >> so what i'm paying for my employer provided premiums is counted as a private individual expend thur and not counted on the employer side? >> correct. your share is in the household. >> that's a way to track it and we want to take the premium payments that come from the household and put those into households and then as federal employees, that's the same thing. the federal share of the prem m premiums would stay with the federal government. the amount that we pay goes back to the household. you can look at the burden of health care and the measures for the sponsors of income or revenue whether it's the federal government or state and loca

private sector is paid from the government.s to 30 riyals will improve. 60 days overdue, that will be completed within the timeframe. it is very positive for the private sector. it is going to be enhanced. as the fed increases rate, they have to do the same. will increase the cost. but overall if you have a growing economy versus the cost of capital, you would take the first one over the latter one. angie: i want to pick up on aramco ipo. not just in hong kong where it is an option. but what else could be in the ,ipeline by the end of the year in terms of the other ipos we can expect? there is a lot going on in terms of family offices. momentnt to capture the because of inclusion in 2018. we will see a lot of family businesses going into the ipo market in 2018. , capture theempt moment, or a bit after that. a lot of private sector movement in thencluded positiveness we will see coming out as a result of the inclusion. of course, we will see other companies that have already traded in the market. they will have more privatizatio

it was the private sector. they build sewers and it created over 12 or 13000 job and revenue in the government went way up. my question is, how do you spend a trillion in infrastructure. >> that is not money for hard- working taxpayers it is lever edged in the private sector. and that is public and private partnership and people put private money into rebuilding our airports and there is a lot of innovative ideas out there. and not a trillion dollar government. and it is not washington. >> how much would washington spend? >> that is something we will figure out and negotiate as we go. the goal is not taking taxpayer money and throw it at programs. but leverage resources in the private sector. they will push lean and mean infrastructure send it to the actual road to making improve sxment we have to clean up that it mess that the obama administration made worse and a dollar spent by the private sector in private investment, so much much more gets done. >> i would argue if it goes to the dc bureaucracy and guys ar

charter schools are not private schools. they are public schools. highly effective ones, about one-fifth of all charter schools, are killing it. they are doing a great job graduating over 90% of their kids, getting them all the way through college. and so what we need to do in resisting betsy devos is to say, look, if you want to try to supplement good charter schools, fine. but the rest of the privatization agenda, no way. >> aaron, i once was on the board of a charter school. i've seen the way they work and was not impressed with some of what i saw because one of the things that charter schools do to the point, they are public schools but they also can be selective about who gets to be there and can pump themselves up by only pulling in the kids in a community who are going to be helpful to the school, who will make the school get a higher great and leaving kids who are the most in need, mentally disabled, emotionally disabled out which makes the public schools even worse. >> that's true. many charter schools have tried to state their reputations

so what we want to do is leverage private sector dollars -- public-private partnerships so people put private money into rebuilding our airports and improving infrastructure. >> not a trillion dollar -- >> it's not washington spending a trillion dollars. >> how much is washington going to spend in. >> that's something we're going to figure out and negotiate adds as we go. the goal is to leverage resources in the private sector so that the private sector produces lean mean and on time infrastructure. if you spin it through the washington system, cents on the dollar goes to the actual road to making improvement. we had to clean up that mess, which the obama administration has made worse. if you take a dollar spent by the private sector in private investment, so much more gets actually done in -- >> i would argue if it goes through the d.c. bureaucracy and you've got 535 guys fighting for it -- >> we don't want this to be bureaucracy. we want this to be private sector direction and leverage so we can have better jobs, more money going into the economy, the infrastructure and don't do it

private ownership programs.ake time to develop, have the framework in place and contribute to the economy. it is more the relief from 2016. a bit more confidence. increased government spending. we believe this will take time to build up and gain traction. , upbeat.verall during us live from abu dhabi. squeaky clean image being muddied by misbehaving financiers. ♪ yousef: welcome back. i thought that was a wall behind you. i am angie lau in hong kong. companies throughout the region growingcted to face problems. 2017 hasn't even started. why such a dire picture? looking at the way singapore has kind of hand out. we had five companies default. million worth of bonds. that is mostly due to the commodity downturn which impacted the ability of the companies to repay debt. this is seen as a bellwether of sorts. withe going to be dealing rising interest rates for the u.s.. potentially more protectionist trade policy from trump. dollar bonds are set to mature, more than this year. expect more restructuring out of indone

at those rallies, which have been considered private events, private security guards have greater legalrity for throwing out protesters in some situations than law enforcement officers do. joining us now is chief investigative reporter for politico who wrote this story. fascinating story. as we say with almost every trump story, unprecedented. no one's ever considered this. anyone who had any sort of private security as a presidential candidate, as soon as they got secret service protection dropped the private because they were getting an upgrade. but that's not the way donald trump sees it. >> that's right. trump is extremely loyal. he sort of likes the people that he's comfortable with. he's comfortable with keith schiller. keith schiller has brought along and built this robust team to do security not just at the rallies as well as personal security for the candidate of the sort that the secret service would provide, they actually did intelligence where they would go to these towns beforehand, before these rallies and try to sleuth out protesters by going on their facebook groups, by

the so-called private-public option would allow vets to opt out of the va and seek private care. >> i don't want to see vets waiting in line for two weeks. >> joining me now, ask charlie hurt and lee carter. this was a big contentious point, a big difference between hillary clinton and done there are election. hillary said no way, we are not letting these veterans out of the veterans administration. no private care of any kinds. >> the va is not effective. it has 350,000 employees, and we have vets waiting for care who are dying while they are waiting for care. there are great things about the va, and the vets who wants specialized care, they should be able to go if they want. these are our vets, they fought for tour freedom and we should fight for them. >> on my radio show i talked to veterans around the country. some of them say my va is just fine. i have no problems, i get good service, they are great people. others not so much. it seems to me that option would be valuable to some of them. >> that's the beauty of this. it's an option. it's not forcing anybody to do anything. one of

host: what might this mean for private schools? wall street journal says number of30, and private school students will drop from 220,000 -- will drop 302,000 in 2011, at 26% decline. what does this mean for private schools overall? guest: what we have seen is that private schools, especially parochial schools, have been closing their doors for years. you think about traditional catholic schools in urban centers, and they have struggled. table began to flee to the suburbs 20 years ago and fewer people attend those catholic schools. we have seen more students who might have otherwise attended the private schools find public charter school options that met their needs. we have seen a shift away from those private schools to the public charters, and we expect that to continue. although it is possible that changes to policy under a new administration might reverse that trend. too early to say. an educator is going from silver spring, maryland. caller: thank you for c-span. i am enjoying the conversation. i am also a parent of three chil

a basic libertarian solution is private sidewalks and private air. you come on my property and i will shoot you. whatever but we are also trying to persuade people by engendering or imagining a world that people want to live in because it's interesting and prosperous and fair and moral.

group rankings of your private equity and real assets portfolio. to box point, 11.9% annualized return. that's below the policy index within the top 5% of your peer group. again the policy index is very inflated in your real asset portfolio at 5.6% is the best performing real assets program in this universe which is 30-40 names. it's not super robust but your private equity and real asset allocations have done extraordinarily well. both an absolute returns and also relative to peers. i didn't have anything else that we could go to the individual managers to your liking but again, other than what we've highlighted and the watchlist, we think we are well-positioned structurally for the environment we foresee coming down the track. >> it doesn't look like there's much change from the watchlist from the previous month if i'm not mistaken? >> we added one. we removed to get those were the two managers that the board approved terminating. >> okay. degrees for the record >> capital guardian which is emerging market managers has been terminated along with

kind of a pyrrhic victory, in part because the privatization, particularly the luridly corrupt privatization that he oversaw obviously just gutted his own country. and then the universe has a way of the taking care of these things. right after he got re-elected yeltsin had a massive heart surgery. he spent most of his second term in office in and out of the hospital. he was increasingly rarely seen. when he was seen he was thought to be increasingly erratic. there were increasingly worries about the drunk boris problem. then surprise, new year's eve 1999. americans are all worried about y2k and russians are worried about do we have a democracy? and this was their first democratically elected president. but yeltsin had a plan for his succession. he announced that he wanted his prime minister to take over. and that happened. and now those of us who follow, you know, world affairs and world history, we don't have to worry about learning or memorizing a succession of russian names of all the russian leaders that have come to power since the collapse of the soviet union because there isn't a big,

of an army private >>> army private who died in combat returned home. >> daniel hunt won three purple hearts. his family has been waiting for this day for over 60 years. our steve krafft was at sky harbor for an emotional ceremony. he has the story tonight. >> back in private first class daniel hunt died in a fierce firefight during the korean war. for 65 years his family waited for him to come home. today he did. delta airlines flight. on a- >> from what i have been told the korean government was looking for their own people, their own soldiers and they discovered the bones and they were able to return them to >> daniel hunt was one of 17 children from a small town in michigan. some relatives relocated to arizona. dna and his remains matched samples given by two of daniel's brothers. >> his two brothers had their dna tested in 2003 and they -- and how they say 99.9% insure, they are -- gozollian percent sure this is him. we were fortunate. >> there were a lot of people on military honor guard, city of phoenix first responders, daniel's loved ones. people on board the airplane recordi

that's big. >> yeah, why not privatize the v.a.ny time you have the profit motive working over anything you get a better outcome. but i would just add why not abolish it? we don't need a v.a. to get health care to our precious vets anymore than we need a social security administration to make sure that people can retire normally. just get rid of it. >> bill, trump is saying something in the middle. he is not saying either total privatization or totally get rid of it. what do you think? >> i'm very much pro choice. i would give veterans the choice of either getting fully covered care and so-so mediocre government hospital or getting a voucher that would cover costs of getting care. >> a voucher like some people suggested for education. steve, we have 144 hospitals in the u.s., veteran v.a. hospitals. 1,200 outpatient facilities, 300 vet centers. what would happen to all of these if we went private? >> well, they would have to shape up. we would right now report came out about how veterans are being badly treated in terms of opi e op

a public-private partnership. when i spoke to the president-elect about this, i said can't you privatized it? i said we have certain hospitals doing a wonderful job who deal in prols threat i can care. depending on where you live, you can go next door and get that care. but some areas you have to drive for miles and miles to get care. some of them are not as good as the others. there are so many different problems in the va to have the public-private partnership means outsourcing mental health issues to get the waiting lines down. the biggest issue in this whole thing is when you are taking a veteran out of the va and giving him to a private facility. that imloin is leaving the system. if you have so many people leaving the system, then the va will implode and fail. so you have got to strike a balance. >> would they be give and voucher that would allow them they wanted to take to it a va hospital they could, but if they decided they could be treated better at another private hospital, they cobble treated there? >>

it was the private sector. they build sewers and it created over 12 or 13000 job and revenue in the government went way up. my question is, how do you spend a trillion in infrastructure. >> that is not money for hard- working taxpayers it is lever edged in the private sector. and that is public and private partnership and people put private money into rebuilding our airports and there is a lot of innovative ideas out there. and not a trillion dollar government. and it is not washington. >> how much would washington spend? >> that is something we will figure out and negotiate as we go. the goal is not taking taxpayer money and throw it at programs. but leverage resources in the private sector. they will push lean and mean infrastructure send it to the actual road to making improve sxment we have to clean up that it mess that the obama administration made worse and a dollar spent by the private sector in private investment, so much much more gets done. >> i would argue if it goes to the dc bureaucracy and guys ar

what we want to do is leverage private sector dollars with public/private partnerships so people putoney into rebuilding our airports, improving our infrastructure. there are a lot of innovate ideas to leverage private dollars. >> not a trillion dollar -- >> it is not washington spending a trillion dollars. >> how much will washington spend? >> that's something we will be figuring out and negotiating as we go. the goal is not just the take taxpayer money and throw it at big government programs. the goal is to refuleverage resources in the private sector so the private sector produces lean, mean and efficient and on time infrastructure. if you take a dollar and spend it through the washington system, cents on the dollar goes to the road, making improvement. we have to clean up the mess, by the way, which the obama administration made worse, but we also -- if you take a dollar that is spent by the private sector in private investment, so much more gets actually done in the construction. >> i would argue if it goes through d.c. bureaucracy and 535 guys fighting for it -- >> we don't wan