working there they support their families back home their remittances are astoundingly high an amount equivalent in value to ten percent of serbia's g.d.p. it's similar in neighboring bosnia highly qualified young people are attending german classes they want to head out as well two thirds of under twenty four year olds have no job thousands leave every year to the dismay of bosnian companies. so i visited many companies that complain because their best people are going abroad. look at the i.t. sector look at the doctors good workers etc people simply feel this is not an environment where they can see themselves with their families in the long term that is something that worries me especially the. students know they're better off abroad. there are simply no opportunities for me to show my knowledge i finished you knew our city but i can't find a job in my profession. and then i decided to requalify and live in a society that appreciates my hard work and performance. that's why nadine and reggie complied to the bosnian labor agency for assistance to move abroad germany's desperate for

find work at home they go abroad once working there they support their families back home their remittances are astoundingly high an amount equivalent in value to ten percent of serbia's g.d.p. . it's similar in neighboring bosnia highly qualified young people are attending german classes they want to head out as well two thirds of under twenty four year olds have no job thousands leave every year to the dismay of bosnian companies. and i've visited many companies that complain because their best people are going abroad. look at the i.t. sector look at the doctors good workers etc people simply feel this is not an environment where they can see themselves with their families in the long term that is something that worries me especially the. students know they're better off abroad. there are simply no opportunities for me to show my knowledge i finished you know you are a city but i can't find a job in my profession. and then i decided to requalify and live in a society that appreciates my hard work and performance. that's why nadine register applied to the bosnian labor agency for assistanc

we do need to make sure were not holding back remittances. we should also encourage the use of modern digital technology to transfer money because there are lots of ways you can save money by doing these things digitally while guarding against the dangers that bit coin and other mechanisms have. on your question about the private sector, one of the things we are fighting, the statement of the obvious, but in many of these countries there just isn't enough functioning or there's a very small functioning's private sector and there are problems with security that lie behind that but i would highlight two other things that we need to think about very seriously. one is that, as i've said, the feature of all the states as governments that lack even the basic capacity to get things done. there is an argument that says as they start to build that capacity, one of the most important bits is the bit of government that relates to the private sector and business and relates to licensing and provision of services and all the rest of it. we need to think a

their argue that having to compete on a level playing field could threaten their livelihoods and remittances the e.u. is looking into the a c. of. china launched its belt and road initiative also known as the new silk road five years ago the nine hundred billion dollar trade infrastructure project involves sixty nine countries together home to two thirds of the world's population. it consists of two major trade routes the land based silk road economic belt which winds its way from china through central asia the middle east and on to europe and the maritime silk road which creates a ceiling connecting southern china southeast asia india east africa and also europe. industry representatives say the project off has enormous potential for german companies which can deploy the necessary resources. if it involves developing physical infrastructure especially in central asian countries which aren't as well linked or developed that's clearly something which well known and large german infrastructure developers. are very much at home with. but there could also be plenty of orders for small and medium

remittances dwarf overseas aid figures. and, they should be encouraged. the money flowing back into very broken countries like somalia is hugely important in the economy of that country. we should ask ourselves what we can do to help that happen. and, there is a danger that some of these remittances get caught up in very appropriate and well-meaning legislation about money-laundering and what have you, we have to make sure that we are not holding back remittances. we should also encourage the use of modern digital technology to transfer money, because there are a lot of ways that you can save money by doing things digitally while guarding against the dangers like bit coin and others have. on your question about the private sector, one of the things that we are finding is -- it is a statement of the obvious, but in many of these countries, there just is not a functioning, or there is a very small functioning private sector, and then there is security behind that. but, i would highlight two other things that we need to think about very seriously, one is tha

find work at home they go abroad once working there they support their families back home their remittances are astounding lehi making up as much as ten percent of serbia's g.d.p. it's similar in neighboring bosnia highly qualified young people are attending german classes here they want to head out as well two thirds of under twenty four year olds have no job tens of thousands leave each year to the disappointment of bosnian companies. many companies complain because their best people are going abroad. look at the eye to the sector of the doctors good workers etc people simply feel this is not an environment where they can see themselves with their families in the long term. this is something that worries me especially. even if there were jobs available here students know they get more pay and recognition abroad. there are simply no opportunities for me to show my knowledge. i finished university but i can't find a job in my profession. so i decided to requalify and live in a society that appreciates my hard work and performance. that in the club didn't seem to work out. that's why nadine

there is a huge pool of legacy profitability in the credit card remittances and other kinds of markets that move money around the world. imagine if we can move money around the world at the speed of light at no cost, the way we send e-mails today if you use the internet analogy, we're in '94, '95 period for the internet that's where we are with digital currencies today and, you know, it's not certain that those solutions -- because you've got the math solutions and the engineering solutions. now we're creating products and companies to apply those if we get it right, it will be transformational >> it's great catching up with you. glenn hutchins we're going to go to sue herera with the headlines sue? >> thank you so much, scott. >>> here's what's happening at this hour, everybody the fda announcing plans to lower the amount of nicotine in cigarettes the goal is to no longer make them addictive the fda gained some authority over tobacco products in 2009 but they can't ban them altogether >>> north korea's foreign minister visiting a sweden, a surprise move that could be a first step betw

remittances on venezuela transfers the economy is really on the verge of a terrible crisis in cuba unless there are shots serious deep reforms made secondly is the political opening has been very very restricted sure there is now why fi q. about more people involved more people are informed they were somewhat more of an open debate on many issues but the threat of repression the threat of jail the threat of beatings is still very very much present and lastly the fact is that you know they're going to select a new leader and we don't know what the source of his power is going to be the people of cuba have had no say in the outcome some missa been speaking of the new leader who's going to take over many city. it could be miguel diaz canal is he more likely to be a hard line or someone who has to ultimately take into account that the wells is a different place now and therefore he needs to change for the country to move forward well i listen carefully to peter's analysis of. cuba under the castro i probably would have a different interpretation that what has taken place in a lot number in. c

problems they've dealt with and the cost to send money is ten to fifteen percent with traditional remittance services the banking systems have failed a lot of these consumers because of the cost because of the access problems crypto can be used to actually remove these fees to enable instant transactions and to create a borderless system that's why we created dollars because we saw an opportunity to help consumers get engaged in to the financial system new money triste a gap in the markets yes. then they need some. and yet there are still out some out there who just don't know whether they can trust the technology or the cryptocurrency this is one person on twitter who says no trust at all this is a farce how can you invest in what you can't verify with then if they disappear off line where's your investment someone else writes in though kind of pushing back and kay says i completely trust cryptocurrency in the same level of trusting the government issued currency prices of services rendered by a life coach beauty and lifestyle coach so really goes to the question of what is trust and what c

under my proposal, states account enter into remittance, in exchange for state purview of design, permitting, and construction of federal aid highway projects. by using the resources that are currently available, more efficiently, we can stretch our current federal aid dollars to improve and command our infrastructure system. we have several witnesses before the committee today that can speak directly to the needs of states and localities. they represent both those who build our infrastructure and those who rely on its proper maintenance. i'm pleased the director of the nebraska department of transportation is here to provide insight on nebraska's innovative work and transportation policy. i have to cough because nebraska always had a nebraska department of roads. i look forward to the testimony of my witnesses and i would invite senator peters to give his opening remarks. senator peters. >> thank you senator fischer, and our witnesses to share your thoughts on a fairly critical issue and how to upgrade the crumbling infrastructure. i want to give a special welcome to the president and ceo o

this isn't just about remittances and it's movable so you can put it in your backyard or enugu. this is them can feed about four to six people on everything the basis is to make the place in the south sustainable with fish and vegetables it has high protein and you get that you know the. alternative systems like this one are especially important as south africa suffers from one of the most severe droughts in its history many farmers have lost crops and animals due to the lack of water. we're not getting nowhere near the rainfall we should be getting at this time of those early years of the season and it's only a devastating effect on me and on the water table that bowls are drying up one of the things we're going to be doing this week of actually learning up wolf trying to just get a little bit more water out of it. but we have two poles that are literally dried up enough that we can't even use aquaponics as a reliable alternative especially in dry times rick lazio uses what she calls a decoupled system in order to save water it's a simple way to recycle used water back into the

there have also been some credit and remittance issues, some other foreign trade things that didn't quite go the russians' way, but it's definitely is clear that they want to continue to have influence there. in in your opinion, how far are they willing to go to make sure that they can continue to have a certain amount of influence there in that region, even though some of the thing that they're working on economically just haven't beared any fruit. >> well, what i see is offers, for instance, of military equipment, military assistance and sometimes the military equipment is surely below the cost to them. but as you watch them work in europe and on the periphery, in countries that they work with, they'll offer that equipment at a very low cost in order to ensure that they will take it. they'll offer, then, support and bring in troops, and then they'll decide that the troops need to stay. as a matter of influence and some leverage, i would say, over time. those are the things that i see them doing on a military side. beyond that, very common disinformation, campaigns in the nations, you kn