every project, every road, every bridge, every water system is built by private companies private contractorsy are all p3's. there different versions. have thetr same design of the se builder as a contractor. you can design build finance and operate maintain for many, many years. tilt of the how to do it right to move in the right direction so chicago and 2008, 2009. great fiscal distress. so the city of chicago decided they've responded to a proposal for a private consortium of morgan stanley, nationall parkig company national investment firm. they will give the city $1.1 billion up front you remember they are desperate in exchange for control of a long-termit lease the celso 2083 they voted within five days and the announcement of thet proposal. so, two things are true one more important than the other. terrible deal nobody borrows money but you should not borrow money on 75 years of parking meter revenues per borrow money on your future income is i buy a house et cetera i know i won't most important the city ofit chicago now to deal with traffic for dedicated bus lane or bike lane on a ped

companies by private contractors. so they're all p3s. and then there's different versions of p3s you. have this might be a little technical design build where you have the same designer in the same builder as the contractor you could have designed build finance operate maintain where you get private finance and then private operation and maintenance of a road or of a water system for many many years. so that's i just want to set that context so it's because it's people will use it in different ways. so i'm going to tell the cautionary tale first because it helps illustrate the issues and how to do it right had to move in the right direction. so chicago in in the year in 2019 the worst. you know during the great recession. worst time every government i assume here as well was leading red ink great fiscal distress. so the city of chicago decided the responded to a proposal from a private consortium of morgan stanley a national parking company and a what's called. sovereign wealth fund from annette from the middle east t

say go to the private sector. private, to get private capital to build it. operations and maintenance because it's part of their pro forma, part of their financial equation to make theho whole thing profitable. but the key of course is standards and sanctions, right? because what will always come again, i don't have -- what often happens is underbid, you know, ten t years later we didn, youe know, we come back and say we made a mistake. we don't haveo enough money to o the deal, to do the job. and in the county or the city or, has to address the change order which is always going forward, you get into this trap because you can'the not have the project move forward. again echoes back to really good anticipation, really, as best as you can. that's exactly what i. would've done, absolutely. >> this is not answering yourr question but it something you said to me earlier that struck me as important, that when a private bidder is going to save you money, you wantu to know wh, how are they going to do that? and if it's because they're going to cut salaries or they

it is run by private companies. the deal with the government is private company says you give us the money you would us. all medicare part a and b we will provide those benefits and more benefits because it is more money than we need to provide suitable care to the beneficiaries. we can offer extra benefits like vision care that medicare does not normally cover, like dental care, hearing aids. things like the medical -- regular medicare benefit does not have. people like part c because they can get extra benefits. the trade-off you have to stay within your insurance company network which you do not in traditional medicare. that is the deal. she ago in department plans, the caller is right -- you can go in the private plans. we know more than half of medicare beneficiaries are offering a medicare advantage plan, medicare part c. you have a choice to stay traditional, go and buy your own supplemental coverage. going to medicare part c. you should know if you go into medicare advantage, you can change plans every year.

private.s. but what i would say is i want to make sure we do have fantastic health care for everybody. you have made that clear. _ health care for everybody. you have made that clear. the _ health care for everybody. you have made that clear. the role _ health care for everybody. you have made that clear. the role of- health care for everybody. you have made that clear. the role of the i made that clear. the role of the rivate made that clear. the role of the private sector, _ made that clear. the role of the private sector, this _ made that clear. the role of the private sector, this is _ made that clear. the role of the private sector, this is really i private sector, this is really important... private sector, this is really important. . ._ private sector, this is really important. . . important... there is a public interest in — important... there is a public interest in the _ important... there is a public interest in the decisions i important... there is a public interest in the decision

yeah, private gp. yeah, i use a private gp.n, exactly do people mean, what exactly do people expect? a billionaire. he's expect? he's a billionaire. he's ficher expect? he's a billionaire. he's richer than a king. do you really think prime minister, really think the prime minister, rishi is going to rishi sunak's, is going to slowly the when he slowly out the nhs when he doesn't have to and really you could a moral argument. doesn't have to and really you could a moral argument . you could make a moral argument. you could make a moral argument. you could say as someone who is could say that as someone who is extremely , why should extremely wealthy, why should i be clogging up space in a public health service that is currently in crisis ? so the fact that he in crisis? so the fact that he is owning a ring about it, i just find it extremely bizarre. and secondly , i don't understand and secondly, i don't understand why, you know , people like why, you know, people like matthew, i don't mean this personally, but why do you want cr

private privately . i to private. private privately. i regret it, but it's .s. did your child did your child private school then ? so they went school then? so they went through the private school system. oh took them. we took them out and put them in a state school because i felt it was just fundamentally wrong the just fundamentally wrong and the children abc, there children that were on abc, there was one or two children in the whole that is not third. whole year. that is not a third. that's not right and they should not be. narinder thinks they would the first and would have the first lap and respond that they would have that charitable status stripped of them if they weren't a genuine charitable endeavour, a charitable service. so it just it just can't be right that the school that you cited is giving such a small service, as it were, to the charitable sector. can't be right. and the other thing i by the way, i agree with you. there's a two tier system. you have the private that are fantastic and you have the state schools that are rubbish, but you don't

if we think about private security companies or private military companies, none of those terms have any legal definition. mercenary has a specific legal definition. think about these actors on a spectrum. the laws of armed conflict don't criminalize mercenaries. the u.n. convention on mercenaries doesn't fact criminalize recruitment, training, financing, and deployment of mercenaries. some individual states to have criminal laws prohibiting mercenaries, even if the state is not a party to the treaty. we have a situation where it is very difficult to hold these actors to account. >> let me ask a point about this. you mentioned the central african republic. more recently, the wagoner group was invited by the military government to provide security against armed groups. the arrival of the wagoner group that influences the decision to withdraw. who in the case of molly, if crimes are activated, who's responsible for these abuses. the malian government, which invited the group? who do you turn to? >> yes and yes. all of them. obviously the individuals committing crimes. most particular,

[— question where you registered with the private gp?— the private gp?bout my _ the private gp? i wouldn't talk about my family's _ the private gp? i wouldn't talk about my family's health - the private gp? i wouldn't talk about my family's health care| about my family's health care situation, _ about my family's health care situation, it's not relevant to this — situation, it's not relevant to this what _ situation, it's not relevant to this. what is relevant is a difference i can make the country. his opponents say it is relevant. | his opponents say it is relevant. i thought the prime minister gave the interview that doesn't understand the scale of the challengers or have a plan to deal with the fundamental problems. he can get people around the table for a photo op, he can use more sticking plasters to get through the winter but need fundamental change in the nhs to deal with the biggest crisis in its history. this deal with the biggest crisis in its histo . �* , ., deal with the biggest crisis in its histo .m ., history. as long as the government do

but this engagement with the private sector is critical?on? i'd like to believe the second, that we have to work towards it, because the private sector is very big, and you cannot exclude that, so some of them are good and some of them are not. you have to work with those who are good, and to give you an example, taking on military expenditures, $2 trillion, that is the bad private sector which is making huge profits on armaments, but they are the biggest emitters of greenhouse gases. nobody challenges the military in any country saying, "your greenhouse gas emissions are high. "reduce it." but they will go after the small person. thank you. applause. hemantha, did you want to respond on the private sector? we say, roles for business, rights for people. - we say, as the professor mentioned, we say that i the private sector is the - problem because they are not really willing to reduce . their gas, greenhouse gas emissions, but at the same time without them, joining this, - so we cannot resolve the issue. of course, sri lanka . and the priva

private sector is - the professor mentioned, we say that the private sector is the - that the private to reduce their. really willing to reduce their gas, _ really willing to reduce their gas, greenhouse _ really willing to reduce their gas, greenhouse gas- really willing to reduce their- gas, greenhouse gas emissions, but at _ gas, greenhouse gas emissions, but at the — gas, greenhouse gas emissions, but at the same _ gas, greenhouse gas emissions, but at the same time _ gas, greenhouse gas emissions, but at the same time without . but at the same time without them, — but at the same time without them, joining _ but at the same time without them, joining this, _ but at the same time without them, joining this, so - but at the same time without them, joining this, so we - but at the same time without them, joining this, so we can resolve — them, joining this, so we can resolve the _ them, joining this, so we can resolve the issue, _ them, joining this, so we can resolve the issue, of- them, joining this, so we can resolve the issue, of course i resolve the issue, of course sri lanka _

private property. philosophy. eh, it sits and, as it were, is based on what we now call traditional values. yes and at the head of our understanding, in general, tradition , but god is the main goal, the main value is god and man , created in the image and likeness of god, they and even in our national security strategy it is already written that spiritual, but worth over materially. we are marxism here too turned over a long time ago. returned to the normal coordinate system. and you ask a question about, uh, some kind of unshakable private property. well, here are the lookout statements. well, let's, well, then treat them seriously, let's imagine that you, uh, head a certain committee, which well considers, and who can theoretically be deprived of such property, in my opinion. and who what needs to be done so that your housing in russia is taken away from you, and even if you would like to, when you are already coming back, but about people who, well, to put it bluntly, betrayed a mole, yes and what

dry powder and private credit remains very strong, and many investors continue to see private debt ase asset class to invest in, especially in a challenging time. dani: do you think that, again, private credit has grown so massively in part in response to banks pulling back. do you think this will accelerate that even more if banks are pulling back so much? david: it has already, and private debt fines have gained market shares even at the upper end of the midmarket and into some large cap transactions. some private debt is now a substitute for banks, even for larger transactions. we've seen a couple of multibillion euro or pound transactions in 2021 and 2022, which is clearly a nutrient. it has happened in the u.s. before, but that is a developing trend in europe. there is maybe less liquidity from the bank financing market, and that is where private debt funds fill the void. dani: that's all we have time for. enjoy the rest of the conference. tom: dani burger, thank you very much. that was the sound of the deck hands prepping dani burger's yacht for later. more interviews from the c

but if we, if, if we think about a private security companies or private military security companies or private military companies, none of that, those terms have any legal definition mercer, it does have a specific legal definition. and it's perhaps helpful to think about these actors on a, on a spectrum, right? so, so the, the, the, the m, the laws of are in conflict. don't criminal ice, or mercer is the un convention on mercenaries of doesn't fight criminalized the recruitment. the training, the financing, and the deployment, all of mercenaries, some individual states, do have a criminal laws that prohibits, prohibit mercer is even if the state is not a party to the, to the, the, the treaty or but we have a, we, a, we have a situation where it's actually very, very difficult, as i said early with is very difficult to hold these actors to account. okay, let me assign her my rica a point about this. you mentioned the example of the central african republic, their soccer. but more recently, marika the wagner grew, for example, was invited by the military government in molly to provid

we will need a very active private sector. i hope a lot of it is american private sector. let me say this and i will shut up because i want to turn this over who -- for these opening remarks. i've done a hundred meetings on this. my deepest thought is that we need to align the ukrainian reconstruction with european union access. we need a real timeline and it needs to. that is the carrot. so anyone who says 20 years that is too darn long. we need a real timeline. the ask of the european union partners is to give us a real timeline and started. that would be my ask of our usury -- european union friends. i'll say one more thing and then i will stop read what does success look like smart what does success look like? success looks like the following. in poland, the agricultural capacity of canada, the manufacturing capacity of the czech republic, the tech sector of estonia, the quality of governance of a relatively recent like leary or romania, the military capacity of israel, so no one messes with them ever again. fully embedded in the community with a full a member of the e

and then to the private sector.'m confident that was not way to go forward and we agreed it just makes from those people who may not be as competitive. we were ready to announce this in october of that year but the white house was concerned about keeping every vote for healthcare with a close margin and then to the budget process that means we have to involve many more people in the omb and nasa didn't want to do it the budget agency prepared cut constellation and did not add commercial crew. i tried to get that to change my boss at the time bolton was ready to do what that nasa people wanted to do and was not listening to the meetings at the house. but then we got the answer couple weeks after that and it surprised charlie that it did not surprise me. host: as you are trying to cancel a major government program is millions of dollars to those entrenched interest, you came under attack this was personal you open the book where a letter was sent to asked with some white powdery substance what you and do are going thr

it is something the private sector got into this right away to be in the barnstormers area.eople aid to go on planes although i know they were all rich because they didn't cost that much to fly but a lot of them died. they did start charging money and it created a huge industry the u.s. captured a huge part of the market and benefited from. the return to new businesses that would be important is something nations want to do and we shouldn't miss out on this. i question whether -- i know we don't agree with personal policies of billionaires that could be just spending money onn their own personal gains if they want and working in an industry where there is already in the case of spacex, huge economic return to our nation because we are launching satellites now, the u.s. has the largest market share, worth billions. the late 19 '90s we were launching satellites, watching them off the economic gains and longer-term as society goes back and eventually if we survived, able to expand outward what values we want and for a long time the group of space pirates, part has been wanting

a lot of it is going to be private sector. private sector's going to need security. there's going to be a lot of things that have to be done in ukraine that thehe private sectr are not ready to invest in. rule of law, the governance, the reconstruction of basic infrastructure. and our congress, the way our congress is in that way, thank you our congress is going to be asking why should they were indeed why should american taxpayers have to pay for a lot of that. and they will ask, rightly, why not the russians ask the russians destroyed this country. they should repair. they should reconstruct it. they should pay reparations here and it turns out there's a way to make themis do that. $300 billion of russian money are in g7 banks. so 40 billion our writer in u.s. banks.li we need to lead that, we need to be able to move that money into a fund, and international fund, that the ukrainians and overseen by i don't know the world bank or you are somebody, to be sure that this money is well spent. but that money is there and needs to be moved from frozen assets into this fu

he's going private. private if. he's going private.'s one to go. just be honest, just be honest. you should have. it's your and explain . went your truth and explain. went back three times on that. don't want to be one of those countries that actually demonise the rich let's be like somebody we privatised by the ambition can be a good i think we should thank using private and private schools. i went to the local comp growing up and i had a great class size because thank goodness there were private schools in the area that caught rent. you know you could look at all the health services countries, france and germany, they no lists. they're much they have no lists. they're much better service. why are we better run service. why are we looking they're doing looking at what they're doing and big now? look, and doing this big now? look, this not surprise you, but this may not surprise you, but it turns out the soyuz swinging champagne sure champagne socialist of sure ditch east london has good to say about men yep the host and director of re

citizens and we have flown private. they have flown private citizens on dedicated missions. i mean the it is one of these things where yeah, it took a while, but we came out of gates screaming fast because of the success of spacex and now these hopefully boeing soon and the suborbital launches with blue origin and virgin galactic, but if you look at the comparison between the cost plus contracts and the what we call commercial crew. the return on investment for the public it's not comparable since then the private sector spacex and blue origin have launched have invested their own money in big launch vehicles. so those aren't comparable vehicles ss orion much bigger. gonna be able to take more payload farther away. but spacex and blue origin have vehicles spacex flying one of them the falcon heavy that can go almost as heavy a payload to low earth orbit. as will be in this vehicle that costs 40 billion dollars. i mean that that's just it is very frustrating for me because we didn't have to do it. that was a that was som

he's going private. private if. he's going private.ne to go. just be honest, just be honest. you should have. it's your and explain . went your truth and explain. went back three times on that. don't want to be one of those countries that actually demonise the rich let's be like somebody we privatised by the ambition can be a good i think we should thank using private and private schools. i went to the local comp growing up and i had a great class size because thank goodness there were private schools in the area that caught rent. you know you could look at all the health services countries, france and germany, they they're much they have no lists. they're much better run service. why are we looking at they're doing looking at what they're doing and big now? look, and doing this big now? look, this not surprise you, but this may not surprise you, but it turns out the soyuz swinging champagne sure champagne socialist of sure ditch east london has good to say about men yep the host and director of reasons jess gill talked to the hipsters

the high private was not there.hey are living in a liberal democracy but were living in a world there's lots of problems of good economic growth. and have relatively stable world. which had essentially 75 years of relative peace, prosperity and progress. there've been plenty ofe problems. we have a tendency of believing we can project from the recent path to the future. and what i am saying is that if i am looking to ats, threats, my of them look to be more singular to the period between 1914 and 1945 when we had first the end of globalization than with the spanish flu. there's the great depression there's trade work and currency and financial crisis. then high inflation and hyperinflation and then deflation. the p rise to power specials in italy, and spain and in japan. then you have world war ii and the holocaust for that's what happened this 30 years. may the threats will write about today it looks like those megathreats that were appearing. it's actually worse during that. for example global climate change was n

he was a celebrated war hero and a sought after privateer for a private here was hired by the government to legally plunder and seize enemy ships. he, a legal pirate during wartime, the resources of warring countries were stretched to the limit and privateers were extra hands who owned own armed vessel and served as an auxiliary to england's navy. a privateers assignment was detailed in a document called a letter of marque and reprisal. he had investors and the captured captured prizes and cargo was shared with his investors. the captain and crew got a smaller proportion of the take. there was sometimes fine line between a legal privateer and, an outlaw pirate. many a privateer once out at sea and beyond the reach of the authorities turned pirate to. avoid having to share the loot. there were other reasons to turning. pirate was an attractive alternative for some men, especially those with wives and. because pirates lived in a highly civilized democratic society. they were well paid when the going was good and they were treated fairly. pirates lived by a set of rules called articles. and

and the way to get humans back to space this to the private sector. i was very confident that that nott only was the only way to go forward, thehe best way to go forward, but the president agree. i have talked to enough. he agreed plus they it juse sense unless you'reon getting money, billions come from the people who feelet they may not e as competitive if ever opened up to others. so we were already to announce this action and october of that year, but the white house was very concerned about keeping every vote for healthcare. we had a really close margin to have our 60 i votes in the senae with the democratic leadership, and they decided to just incorporate the decision with the budget process. well, that meant we had to involve many more people, which in a way was a good thing because it meant a national economic council got involved, and certainly the office of science and technology policy, omb, but nasa didn't want to do it. and the budget process has to go through the administration but the agency prepares the budget. the budget the agency pre

the white house confirms another set of classified documents has been found at president joe biden private resident ah, watching al jazeera life from headquarters in delphi, daddy navigator also ahead. ukraine says it's holding the line against the fierce russian offensive, but warns the situation and the eastern time of solids are, is difficult. waiting for a justice lab on once again fails to appoint a judge to rule on the port last nearly 3 years after the incident answer, lincoln's former presidency is find by the supreme court for failing to prevent the 2019 easter sunday. ah hello. we begin in the united states where the white house has confirmed the 2nd set of classified documents have been fine and found the sign president jo biden's private residence in delaware. earlier this week, it was revealed classified documents were found a bite and former office and a washington think tank in november. this latest discovery could prove to be a political embarrassments for the biden administration. the documents are believed to be from the time when he served as vice president. authorities

routine private surgery is cost-effective, and that helps the nhs when it pays for private providersy out operations. what is more lucrative for the private sector is to take on patients who pay their own way. estimates show a 33% increase in this business over two years that adds to big profits from health insurance treatment. >> that is actually more worrying from my perspective. it has several repercussions, but is certainly the first step toward a two tier system. we see a separating of high access health health care for people who can afford it at a subpar service for everyone else. >> striking nurses have taken their grievances to the government in hopes of a compromise. their patients need to worry about a different compromise. the dangers of a two tier system by default. >> iraq has been hosting national it is drawing tens of thousands of visitors from neighboring trees. >> wherever you go, walls are covered in murals. flags are displayed proudly. billboards welcome visitors to the area. tens of thousands of football fans arrive, giving local economy a welcome boost. >> we ha

that the foundation of the development fund was to help the private sector.however, since the beginning of its establishment , various government works have been tied up and they did not have legal permission to withdraw from the fund. they called the work of financial discipline in the budget as another requirement for economic growth and said that the budget has structural problems and the budget deficit is one of the most problematic tools for the country's economy, which was among the goals of the meeting of the supreme economic council of the heads of powers to solve this problem, but it has not been solved yet. he added in the issue of deficit the budget is a matter of financial obligations without reliable sources, which is completely effective and should be stopped . of course, sometimes these obligations are given by the government itself , but the demands of the parliament are worse than that, and there are many cases of obligations imposed on the government without reliable sources. handing over management to the people, avoiding the public sector

, but is a huge amount of private. and yes, in the past, sometimes the crises of the corporate sector or the household sector, but it's not just public debt. you know, before the covid crisis, the fed was writing financial stability report, warning about the of corporate debt, highly leveraged firms that were issuing junk bonds. previously high grade firms that were fallen angel and they were downgraded to below grade leveraged loans as close as private debt. we avert underwriting that was very, very loose and risky called light, then you name it. and guess what? when the covid crisis hit so that zombie corporate did not go bust because, we cut policy rates back to zero to negative in europe, we did massive quantitative and credit easing. we even bought a corporate debt for the first time in the us and not just high, but even junk bonds even high yield was purchased by the fed. so everybody. this was even a zombie household. zombie corporates zombie governments. zombie banks, zombie shadow banks. zombie. they were bail

private property.y, uh, it sits and, as it were, is based on what we now call traditional values. yes and at the head of our understanding, in general , traditions, but god stands here is the main goal the main value is god and man , created in the image and likeness of god , and even in our national security strategy it is already written that it is spiritual, but stands above the material. we have returned to the normal coordinate system. and you ask a question about some unshakable private property there. well, look at the statements. well, let's, well then, treat them seriously, let's seriously imagine that you are a head of a certain committee, which is considering well, and who, theoretically, such property can be deprived of in your opinion, and who what is needed to make your home in russia be taken away from you, and even if you would like to return someday, it definitely won’t be, but about people who , well, if we talk, in plain text, betrayed their homeland, yes and what is homeland? mother

the private sector is perishing. but the in a chest is massive by comparison, it has 850000 beds, the early 9000 in the private sector. routine private surgery though is cost effective and that helps the in a chess when it pays for private providers to carry out operations. but what's more lucrative for the private sector is to take on patients who pay their own way. recent estimates show a 33 percent increase in this business over 2 years. that adds to big profits from health insurance treatment as a new dynamic. and that's actually more worrying from my perspective. it has several repercussions, but it's certainly the 1st step towards a 2 tier system. we see sort of a, separating off of high quality, high access health care for people who afrin can afford it. and a sub par service, but every one else. the striking nurses have taken their grievances to the government in the hope of a compromise on pay. their patients need to worry about a different compromise. the dangers of a 2 tier system. by default, andrew simmo

is the private sector . so why would you private sector.u use let's be pragmatic about it. it's sensible. okay i think that some people who may have labour in the past or who are sceptical about labour might have heard these three things in this interview. you you talked about investment a lot. you've talked about nhs workers just having a pay about nhs workers just having a pay rise . you've talked about pay rise. you've talked about using the private sector. that's also expensive , isn't the danger also expensive, isn't the danger is that people say , oh, it's is that people say, oh, it's labour and then magic money trigger there is no money. yes, and there is no money. so it is going to be challenging next time round. it really but time round. it really is. but look, not a health care look, there's not a health care system the world, largely system in the world, largely because demography because of changes in demography . know, thank fully . you know, people thank fully you know, i'm 65 soon so you that i feel it right people are living

i never worried aboutrr the fed private because private and public debt as a share of gdp were low. 6growth was robust and the '60s and even the '70s and, therefore, there wass no risk f that crisis. unavoidable even implicit debt because there were lots of young workers and aging a population was still limited with migration and, therefore, liability was coming from unfunded social security or healthcare medicare, oror nonexistent at that time. i didn't worry about financial crisis because until the early '80s in latin america the cycles were minimum, because capital controls, better supervision of regulation. yes, thereec were some economic downturns but with the exception of the 70s with stagflation, again even the business cycle and economic cycle weree relatively moderate. and finally i lived in level democracies like most ofwe the west and advanced economies, and totalitarian regimes were in touch of which were very relatively poor like china and soviet union and some other countries. i was pretty happy because i work hard.b i was in a stable job for the rest of my life. i could

it, the private sector is also energized, so apart from government backed out in the private sector is also likely to put all its efforts behind the production of green hydrogen and our india as goals of becoming an, an a net exported of green hydrogen also are, are centered around these plans so, so yeah, it's quite an ambitious plan and now the governors really appears to have put a it's money where his mouth is rob ciocca k in new delhi for us. thank you very much. let's take a look at some of the other global business stories making the news e commerce joint. amazon says it will cut more than $18000.00 jobs from its workforce. it gave current, economic uncertainty and rapid hiring for the pandemic, as reasons for the layoffs. now, some of the terminations will take place in europe. the company says, amazon announced 10000 job cuts back in november to and afghans taliban let government is poised to sign a contract with a chinese company for oil extraction in the army, diary and basin in the countries north. it would be the 1st major extraction deal. the taliban has signed with an in

should we privatize the faa?sk the question because the government doesn't do very well with computer systems and that kind of thing, their bureaucratic and it doesn't work. should we privatize? >> that's a possibility. everything should be, you know, up in the air. everything should be on the table. all options should be on the table, not just for the faa but for many other things that the federal government is involved in, it could be that the private sector can do it better, cheaper, keep up to date. and so there's been talk about that with the faa, that should be on the table. if that system is from 1993, that shows us the failure of the federal government to keep up with the times. obviously that technology is totally antiquated and we saw the results of that last week when we grounded all planes, that's totally unacceptable. we need to investigate why it happened and we need to give the faa at least at this point the resources that it needs in order to upgrade and maintain the systems that are vital to the

since private equity tends to trail public equity you see a reduction in private equity evaluations. as. nooun june 30 this was 32.6. cash does we fleck lever taj is negative. and you can note that priority and public equity if you totalled the 2 come to 60 percent, which is on target. again we are over the upper limit in private equity teis due to a good thing we have been success and will that will moderate as we go forward. >> any questions on allocation. look at the one year period the net flow was negative 121 million dollars that is pay outs versus contributions. look at the 3 year period that number averaged 500 million. because we were so successful, because we have a funded ratio above one. you are starting it see as we look forward a reduction. in contributions made by the city and members. and that means since the distributions associated with pensions does not go down that we will see more negative going forward. again, as we go in the asset allocation planning. the minus 724 million is 2.3%, that is well within the range of other funds. so. not an issue now but become an

now run by the private sector. so that relationship works very well in my opinion, and i don't, i don't think the government should be eliminated completely because they really do as far as the f a's concern from a safety perspective. they really do a very good job of what they do. ok alex you, i'm sorry. finish your thought. i'm up my finish your thought please. you know in this instance, although you know, inconvenienced millions of air travelers with delays and misc miss connections and cancellations. the system worked as stop a catastrophe from happening. everything basically shut down, they shut the entire system down in matter minutes and the system really worked out perfectly. although people were inconvenienced for the sake of safety. alright, jody, i'll come to you just one second. but alex, i wanted to get your thoughts on this question of privatization. would privatizing some aspects of air travel like air traffic control, for example, in the us would, would that help in fixing some of the problems indus

classified government documents found inside one of president biden's private offices. the records dating from biden's time as vice president during obama administration. cnn's senior justice correspondent has been working the story for us. he's got the new information. update our viewers on exactly what is going on. >> this is reporting from our colleague and our team. we're told the president's legal team discovered the classified documents that were discovered in a office that the president had when he was setting up an office with the university of pennsylvania. the penn biden center here in washington, d.c. they were cleaning out this office, trying to close it out and that's when they discovered these documents. according to the white house, there are fewer than a dozen documents. they've now turned those documents over to the national archives, which has in turn asked the justice department to investigate it. now we're told that the u.s. attorney in chicago who is an appointee of former president trump is now handling a review of these documents to determine what

to compete with private companies, her organization has raised millions from private donations. dorothy: now we are actually buying the houses. we're getting in there; we're making sure that we then turn those over for homeownership and making those homes affordable for the families we serve. >> rae feels lucky to be paying a $600-a-month mortgage but wants more people to have the same opportunity. rae: we want dollars to stay here in milwaukee to make sure that people have what they need. that's what equity is. >> in milwaukee, i'm dan lieberman for 'matter of fact'. soledad: we reached out to highgrove holdings, one of several firms buying homes in milwaukee. we asked them to comment on the impact of these equity backed purchases. high-grove responded in a statement saying, in part, quote: "as long-term holders of property, not "flippers", we have a vested interest in the neighborhoods we serve." end quote. earlier this month, milwaukee county announced plans to help create more affordable housing. david crowley, is the milwaukee county executive. soledad: mr. crowley, thank y

we now know they were found in the private residence. in fact, the location was the garage of president biden's delaware home, willing to him del delaware. this was following a search that was completed in the last 24 hours of both the wilmington, delaware home, as well as his beach residence or beach house. this search by the government officials was commenced following a discovery of a 1st cash of documents that was discovered at the pen biden's center. back in november. those were discovered just prior to the congressional elections, the mid term congressional elections. and the controversy about this 1st discovery is that it was the public was not made aware of this 1st discovery of classified documents that were obtained by the of then vice president biden. during his time as vice president and the fact is is that had this been made public, it may have had some influence on the congressional election. so this is opening up the president not only to scrutiny, but also the fact that there is also allegations of hypocrisy. given the fa

from private equity infrastructure, a private credit and looking to build up our own in-house expertise growing into our own so we can start doing coinvest alongside partners. alix: there's been concern of how private equity manages what's coming in the next few years in terms of markets. maybe it's kind -- that kind of leverage has never been tested in a massive downturn. nicole: we've been fortunate that we've been focused on the quality of the partners we've been investing in, we are confident we are well-positioned from a liquidity perspective. we have a lot of dry powder. partners have been on fundraising sprees, this a lot of dry powder in the system so we are confident about the opportunity within private markets in general and specifically private equity. we are looking for pockets which is why we support this initiative for merging investment managers, we think there's tremendous opportunity to be generating excess return in that ecosystem. guy: you talk about excess returns, what do you mean by that? can you give us the size and scale of what you are thinking about? nicole: re

everything pretty much is not up to speed like private sector . if this was a company like space x, you wouldn't see something like this because you know, all their systems are on the cutting edge. but typically how bureaucracy works. do you want to replace systems? it's a long drawn out process. there's bidding, there's contracts, and it's not just a matter of swapping out servers if you want to upgrade, upgrade a big complex system with all those data points coming into it. i mean, it could be a much, it could be years even after they have a contractor or you know, upgraded or replace it. alright. jody, let me come to you from your experience, jody. is there any indication that this could have been foul play? could this have been intentional? well, we don't know yet, as my colleague just said, it is and determined at this point exactly what happened. however, we do know that the data base, apparently they're saying was corrupted and that was the primary database as well as the backups. and that is how malware works. that's how ransomware works.