there's a undeveloped piece behind me and they have work but they have time to do it because the kids that are first going to get this is 2021 they are in 8th grade right now but it started way back with the the wheels for education program lebron gave kids a after school support system and resources and family foundation started the foundation and last summer full four year scholarships to the university of akron and is taking that one step further with the institute here at the university of akron aimed at a assisting the i promise students to get theirdegrees. statistics show very few urban students that start college rarely finish. this also a -- this will be a place for students a governing board helping to oversee and construction complete in 2021. lebron james said when he first started i wanted to get my kids to graduate from high school but the more we grow as a foundationthe more we find can can be done to give our kids the best chance to be successful. he takes it one step further and everything is going to start here. they have got work to go but this all announced just th

[applause] my job is to look at undeveloped space is to imagine what they could be that have no open or no future but you need imagination and the ability to get them done and to unlock the potential of the people working on those bases am projects. i have dreamed of the amazing possibilities that we have that is why government turns to me in the pat in the past with projects that were considered total disaster whether a landfill after many years into a world-class golf course that is now open and doing unbelievable business or the grand central terminal or central park after eight years of futility to spend massive amounts of money and getting it done in four months for a very small amount of money. at this of metaphor for what we can accomplish for the country. this building is a historical landmark and a true american original wood it had been neglected for many decades. is that there so beautiful and so empty falling into a bad state of condition and has a foundation for success all of the elements were here our jobless to restore the former glory put also to imagine a brand new

he said that the hotel site, the golf course and 32 acres of undeveloped land gave him the opportunity to do anything. and he wasn't just talking about the wynn and the encore. now we know what he meant. or at least a little more. it will be called paradise wynn: it's the most complicated, fun, challenging thing of my career in las vegas, which is now on it's 49th year. we have this fabulous piece of real estate and we have our own water rights that date back to the desert inn water company i bought. it doesn't interfere in the water supply in the valley, this private water that was under the desert inn. that golf course for the last 15 years that i've owned it, as the great future thing in the company that could help change las vegas for the better. wynn says he got sidetracked, as he put it, in macau. but has been focusing on his new vegas project for six months. a body of water on the vast acreage will be the centerpiece. wynn: i made a deal with crystal lagoons and now the around that water? how is this beach front fantasy in detail? down to the granular detail. how does it work? h

across the street right off of racetrack road, 120 acres of undeveloped land that is ready to play ball. >> the rays are coming off another season with the worst attendance in baseball. the injection of more traffic into the already clogged roads is a real concern. >> traffic not a good thing. >> it would take the shine off of his commute. >> it traffic. >> over at daddy's grill the owner says the influx of customers would be good for business.>> bring in some business helped the businesses. >> city leaders got to first base today. but, this field of dreams is still a long way from the major leagues.>> keep in mind there is competition, the city of st. petersburg they are very much pitching a complete redevelopment of city-owned land next to the top with a brand-new shiny stadium you can bet this off-season will be very busy for the future of the tampa bay rays. >>> we know that you want answers about the issues facing all of us part of our commitment to take action for you, we have way for you to let us know what you are wondering about. tell us what we can get to the bottom of for you

they are developing lanterns to send to kids in undeveloped countries. >> i told my dad. he was super excited. he couldn't wait to nobis going to learn to 3d print and and that they love coming to school. our staff loves coming to work. it's because of the students that we get to interact with. >> amelia came back. sky high from that story. see the whole thing. they're amazing kids. high clouds over the area for us today. very warm conditions and dry here with rain that caused flooding in parts of southern california this morning. part that was system break off andov be look at clouds that thin during the morning and early afternoon. they'll never go away completely. the heat, whether cloudy or not, heat is on low 80s today. 70s at and above. 6500 feet. in person colorado, we see clouds during the day. this evening, watch for showers to start to develop in the west. they're going to be isolated and very light. it's not going to be a big today. couple hundredths of an inch. we may have that down along the higher rain down side the colorado river late tonight. it will be a

you have been -- [applause] my job is to look at undeveloped spaces and imagine what they could be. these are paces -- spaces that have no hope, no future, but you need imagination and you need the ability to get them done, and to unlock their potential and unlock the potential of the people working on those spaces and on those projects, and we have so many things we can do for our country. where others have only dead-ended i've dreamed of the amazing possibilities that we have. that's why government has turned to me in the past to fix projects that had gone in where, that were considered total disasters, whether it's turning a landfill, after many, many years, of futile work, into bronx, new york, into a world class golf course that is now open and doing unbelievable business. or revitalizing the facade of the great grand central terminal, or billing and saving the rink in central park, after eight years of futility and spending massive amounts of money and getting it done in four months for a very small amount of money. so many different things. today is a metaphor for what we can

denver seven got a birds eye view of undeveloped land that could one day be aurora. another possible location could be the area east of colfax around the medical campus. the idea is quite young but very realistic, planners say. >> folks are interesting in having places that attract people, jobs and entertainment. >> the city says there's months, maybe years of public input before a plan can truly develop. >> this will make your skin crawl. places to live apparent. denver ranks 10th in the nation for rat population. they decide to come inside and find food they can be very distracting. i've seen holes through dry wall, wood, and they will chew on rubber. >> so this weekend you might want to take a good look at your home and inspect for cracks or holes and fill them up because rats can squeeze through small spaces. >> that's if they're smaller rats. if you're curious, the worst city foo rats was chicago. >> i would have guessed new york city. i see them all the time in the subway. >> maybe the subway system is not part of the city. i don't know. >> the rats are on that

it 60 acres of undeveloped land that could one day be the site of downtown aurora. another possible location could be east colfax. planners say the idea is young, but realistic. >> folks are very interested in having places that attract people, jobs, entertainment. >> the city adds months, perhaps years of public input before a plant is put in place. >>> the man who admitted to opening fire on a planned parenthood last year was back in court today. back in may a judge ruled robert dear was not competent to stand trial, but later reversed the decision. today a judge set another date to reevaluate his competencc. found at timber university campus. release have identified the suspect as sampson whitmore. they say he has a violent criminal history and is also a registered sexual offender. >>> buster, a shooting investigation leads to a massive drug bust in eastern colorado. the yuma county sheriff's office said they got reports that a man was shot in the hand. when deputies pulled over the ca amounts of cocaine and more than 50 pounds of marijuana. joshua hansen and joh

. >> a birds eye view on top the aurora municipal building, undeveloped land that could one day be downtown aurora. watkins is heading a parent - - a campaign with a country - - comprehensive vision of the future of aurora 20 years from now. >> we want places that can attract people, jobs, entertainment. colorado is currently lacking a true downtown. >> these things can help the city. >> elena loves the idea. >> it is a great idea, this place has nothing and need something where people can gather, have fun, eat, things like that. >> another possibleelitigation is around the medical campus in which billions of dollars in new infrastructure is already in place. >> it is quite inspiring to come into a the community >> and east colfax may become a prime spot for downtown aurora, a huge new light rail station, the line is set to open at the end of the year. for now, the idea has years of public input to go before anything is definite. for watkins, the possibilities are within reach. downtown, how high into the air it goes, that will be determined in the future. >> and one company in denver is dr

the property owner has to lots next to reach other one is developed the of the one is undeveloped the property owner wants to sell the undeveloped want to use the approach seems to improve the developed side. the government has a zoning law that says the lots are too small. you cannot sell one or the other you cannot separate them the property owner says this is a takings of the undeveloped law. i cannot do anything useful. the government says you have both you have beneficial use considered as a whole that is enough. bill lower-court says as a matter of taking this that contiguous lots are aggregated together and considered only one parcel but interesting nobody is defending bad and the supreme court. the challenger says a parcel is a parcel i have to treat them as to and to the takings law turns the two into one and vice versa but wisconsin says the what is the law but we have a state law rule of aggregation when you one - - owned substandard lots next to reach other remake get one instead of to. it is an odd case because these very important issues of takings that are coming up and

after all the education - they being a real estate entrepreneur." ...undeveloped land in florida and a rental property in st. louis. "by the time we finished the closing it cost us $61,000" all tolled, the mingo's spent more than $100-thousand dollars. "when i look at it and back at it now it is like i want to kick myself two or three times, but you know." before long, dee learned her investment wasn't what she thought and she'd paid more than they were worth. that's when dee go to fox6 because people in milwaukee need to know." at the first free seminar, they want you to sign up on the spot. "this is our second to last day, actually we have one tomorrow morning and then we are out of here.' and promise one-time offers. "if you sign up here today we will not cut your membership off it will be unlimited." both big red flags of a high-pressure sales pitch. "if someone truly wants you to invest in their company, they're going to give you all the going to give you time to consider." michelle reinen director of wisconsin consumer protection says if someone's pushing you to make a fast dec

[applause] my job is to look at undeveloped spaces and imagine what they could be.these are spaces that have no hope, have no future but you need imagination and you need the ability to get them done and to unlock their potential and to unlock the potential of the people working on those spaces and on those projects. we have so many things we could do for our country. where others have only dead ends, i have dreamed of the amazing possibilities that we have. that's why government has turned to me in the past six projects that have gone nowhere, that were considered total disasters whether it's turning a landfill after many many years in the bronx new york into a world-class golf course that is now open and doing unbelievable business or revitalizing the faÇade that the grand central terminal for building and saving waltman ring in central park after eight years of futility and spending massive amounts of money and getting it done in four months for a very small amount of money. today is a metaphor for what we can accomplish for this country, the same kind of thing.

he exceeded the thrown when the monarchy was weak and thailand, an undeveloped rural country. but by allying himself with a succession of military rebuilt the he monarch's prestige, tapping into semi-divinef kingship. yet he was passionately development, rural traveling extensively to promote his own projects. the cold war, he used his upal stature to help shore the central government against a tenacious insurgency. with mediating several political crises. yet, later in his reign, the of takings accused sides in conflicts. death, he'dof his been out of public sight for years. royal influence had dwindled. yet many thais remember him as who brought them stability and prosperity. grateful.e still bbc news, bangkok. >> for more, i spoke a short "theago with the author of king never smiles," a biography of the monarch. much for coming in. if those pictures had been shown in north korea, i would have thought they had been orchestrated. >> they're absolutely genuine. king has been there for several decades and he's worked at being a king. focusing on the development of the poor peop

bought the desert inn in 16 years ago, he said that the hotel site, the golf course and 32 acres of undeveloped land gave him the opportunity to do anything. and he wasn't just talking now we know what he meant. or at least a little more. it will be called paradise park, and it will utilize a source of water exclusive to water rights that date back to this private water that was under the desert inn. and that gave us a unique opportunity and i've thought of that golf course for the last butt to i made a deal with crystal lagoons and now the question is: what is in and around that water? how is this down to the granular detail. how does it work? how will people move? what will they see? how wild and crazy can we get the fantasy part of it? wynn went on to explain the development would include as for when it will be finished, wynn responded - i don't know. i'll know when i'm finished. jon ralston, 13 action news. we continue to follow the latest developments with matthew...its now headed for the bahamas where some are worried that the storm will do as much damage there as it did in haiti...where

neighborhood and the opportunity that we have in roxbury with $1.2 million square feet of undeveloped land. that is hallowed ground. so it is up to us as this next generation and with armani that we are actually using this land in a way that helps affordable housing are neighborhood, made it safer, better, and a brighter future. and we want the people who live in roxbury to have an opportunity to build it up and also be able to stay in the center of the city of boston. >> byron: armani white, co-chair of reclaim roxbury. sbha are some of the community effort and what they have yielded news far? >> we meet every sunday at 3 pm. and we go out and start in engage people on the street or knock on doors. one of the best days that we had was in the white career street housing development. we would go in up and down each near and knock on doors and some people would open the door and close it, the sight of someone trying to talk about things kind of thing while their homes are on the chopping block, some invited us in the home. we tell them that we are here to be a part of creating a advice

. >> my job is to look at undeveloped spaces and imagine what they could be. these are spaces that have no hope. have no future. but you need imagination and you need the ability to get them done. >> trump finishedup carolina. and as we get closer to election day, you'll want to keep an eye on our election day 2016 coverage. you can find all of the early voting location and whether they're open. go to wfla.com and click on the news tab and hit politics. >>> an update now to a story we brought you last night. on a voter fraud concern in hillsborough county. a voter turned to 8 on your side after the state mailed a registration card and a but the woman on the card, with his address is someone he doesn't know. today the hillsborough county supervisor of elections told us they fixed that issue telling ugh was a clerical error. in order to vote, you have to present not just that voter card, but a photo and signature id. >>> well, a gimpy foot and a surveillance video puts an end to a they arrested the guy. jose m a, faa i, a. also seen dropping one of the motors on

the idea of going somewhere that would kind of stir me into being a writer, but that was a very undeveloped plan. and once i had that idea, then it came to me that if you're going to go anywhere, go to the place that you have this strange relationship to. it's on your face, it's in your blood, and yet i knew very little about it. i knew much more about the history of, you know, almost any country in europe or the u.s. than i did about indian history. but i went, and a whole kind of world opened up to me. >> hinojosa: when you told your parents, "mom, dad, i'm moving back," what did they say? >> it's funny, they were very supportive, um... >> hinojosa: your parents sound amazing, by the way. i mean they're, in a way... they should be held up as role models of, you know, the true american spirit, if you will. they were so open. they came from a society that was incredibly closed, and yet here they are, shaker heights, ohio, and they're... they're open to you, to your new way. i mean, that's pretty amazing. >> i think when you're an immigrant family, there are two ways my parents could have se

new york first to philadelphia for ten years and then to a site in the potomac which was as yet undeveloped, is now washington, d.c.. we incurred a future of murderous washington summers but we got america's debts paid off in a timely fashion and that was due to hamilton's foresight and clever deal making. he also had an insight about how to handle the debt. his intention was not to pay it off and make it go away. he wanted to manage the dead. he wanted a debt where regular payments would be made on the interest. and his insight was, if you did that with debt it turns from being a liability into being a resource. people see you're not struggling under a burden. you're maintaining it. so they're willing to extend you credit. debt becomes credit. debt can become money. if you have a credit card, you know how this works. if you have 20 credit cards, you know how this doesn't work. debt has to be managed carefully. that was hamilton's intention. his way of managing the debt was a new thing in world finance. only two countries had gone this route. holland was first, england followed with the ban

and haiti is an undeveloped country but there's deforestation and that leaves the hillsides brown. so, 10-25 inches of rain creates big time mudslides potentials. we won't know what happened to them or how hard for the next 24 hours, information travels slowly, but it's a big deal. it continues to stay strong, it hasn't weakened. here is the path that this hurricane wants to take. as a category 4, in the upshot, you're in the left quadrant of the hurricane. this is the left side. and the left side doesn't have push. you see the winds here, that's where the strongest wins are, and the nastiest conditions, and this system, if it stays offshore, it will create rain and large surf, but that proximity, if that's the path, we'll save people trouble. that could change. and something we haven't seen, if this hurricane comes onshore here, in southern georgia, this will, they don't get them here, because of that feature. if that hurricane, they haven't seen one there in a long time. there's a lot of folks not prepared as this thing moves up. we couldn't be prepared moving up the coast. they'

"you were sold into the vision of being a real estate entrepreneur." ...undeveloped land in florida and a rental property in st. louis. "by the time we finished the closing it cost us $61,000" all tolled, the mingo's spent more "when i look at it and back at it now it is like i want to kick myself two or three times, but you know." before long, dee learned her investment wasn't what she thought and she'd paid more than they were worth. that's when dee turned to contact 6. "i need to go to fox6 because people in milwaukee need to know." at the first free seminar, they want you to sign up on the spot. "this is our second to last day, actually we have one tomorrow morning and then we are out of "if you sign up here today we will not cut your membership off it will be unlimited." both big red flags of a high-pressure sales pitch. "if someone truly wants you to invest in their company, they're going to give you all the information you need and they're going to give you time to consider." michelle reinen director of wisconsin consumer protection says if someone's pushing you to make a fast de

we are getting a birds eye view from the municipal building of 60 acres of undeveloped land that could be one day downtown aurora. another possible location the area east of colfax. the idea is jump but realistic. >> folks are interested in you can see a growing skyline that is obviously a main urban center in the city. >> you can visualize this developing into something intense. >> the city has months or years of public input before anything is done for certain. >>> an suv on fire flips over at a gas station and trapped inside a man and a woman. >> somebody, oh, my >> brave men ran into danger to save the people trapped you will ear from a good samaritan who is no stranger to doing the right thing. >> there were naked trumps everywhere. i didn't get it. >> now there is one of hillary clinton but this time the statue causes an uproar. >>> we are less than one month away from the end of this thing and then we won't hear anything about these stories. bright and 60 tomorrow things from a rancher's perspective, we feel that often washington is removed from what we need. senator bennet is d

one of them centers around 60 acres of undeveloped land adjacent to the city's vertical city similar to downtown denver. >> we're willing to go up in the air if that makes sense. you can visualize that. >> another possible location for downtown aurora could be the area of east colfax around the medical campus. the city says it's still months away, maybe even years from ?inishing the plan will be fun to see that develop. >>> more about the human remains found on eldora bringing in for the investigation. >>> we'll tell you why bennett's name popped up in the latest wikileaks email leak. ? at village inn, a good meal is about more than just how it tastes. it's about how it makes you feel. about a year ago, 30 ethiopians were killed by isis. mike coffman was the only one that reached out to our community. he went to every ethiopian church. he was there, and he was sharing the sadness that we were actually experiencing at the time. he says what he means, and he does what he says. that means a lot to us and to me. i'm mike coffman, and i approve this message. i'm mike coffman, at village i

the property owner says this is a taking of the undeveloped lot because i cannot do anything useful to it. the government says you are both lots and beneficial use lower carts said contigous lots are sold together as one parcel. nobody is defending that in the supreme court. the challenger says parcels are parcels and i have to treat them as two and don't use taking saw the turn them into two versus one. wisconsin is saying lots are lots but we have a state law saying when you own substandard lots that are next to each other our state law makes is one lot rather than two and that rule was in effect when you bought the property. it is odd because there are important issues of takings law that seem to go coming up in a case where there is little disagreement about taking principles and lots of disagreement about state law so it is hard to see how that will shake out into anything substantial. >> i believe that is one of the cases pacific legal foundation is involved in. i should note that. i wanted to first ask you all if any of the cases your fellow panelists brought up that you have a

iconic plaza hotel in new york, a palm beach estate, an airline, a yacht, and the largest tract of undevelopedd in manhattan. for but trump it wasn't enough. after months of complex negotiations he bought one of the biggest casinos in the world, the taj mahal in atlantic city. >> and my telephone rang and he said, marvin, didn't i do a terrific deal? and i said "i think you did a great deal, but i think you made a mistake." >> you said to donald trump you made a mistake? >> i said i think you made a mistake and he said what do you mean? and i said why own three casinos in atlantic city? how are you going to differentiate the marketing? and here was his comment, "marvin, you have no vision. this is going to be a monster proper property. >> reporter: that needed monster financing. how big a risk did you think he was taking? >> enormous risk. to be able to make this project successful, to break even, you'd have to generate a casino win of somewhere over a million dollars a day. and no casino in the world had ever even come close to anything like that. >> reporter: the taj was the biggest bet of h

and the largest tract of undeveloped land in manhattan. but for trump, it wasn't enough.omplex negotiations, he bought one of the biggest casinos in the world, the taj mahal, in atlantic city. >> and my telephone rang, and he said, marvin, didn't i do a terrific deal? and i said, i think you did a great deal, but i think you made a mistake. >> you said to donald trump, you made a mistake? >> i said, i think you made a mistake, and he said, what do you mean? and i said, why own three casinos in atlantic city? how are you going to differentiate the marketing? and here was his comment -- marvin, you have no vision. this is going to be a monster property. >> reporter: that needed monster financing. how big a risk did you think he was taking? >> enormous risk. to be able to make this project successful, to break even, you would have to generate a casino win of somewhere over $1 million a day. and no casino in the world had ever even come close to anything like that. >> reporter: the taj was the biggest bet of his career. but soon his luck would run out. >> he knew he was in bi

it's undeveloped it has this racial problem and the world is going to be okay. the eurozone, country by country will grow but if it comes to someone is going to leave the eurozone that's an issue. contracts, currencies and all of us going through detailed analysis on how we had sat. it's how we will deal with the complexity. >> i will take questions from the audience and you can submit your questions to the app and i will screen them. i will make sure it's interesting. the issue of negative interest rates. what does that mean for your business models verses net interest margins, james? >> forget her business model for the minute. it's horrible if you are -- and that's a fundamental problem. if you want those animal spirits to come back and you want people to engage in consuming and investing than you have got to provide some sort of stimulus on the other side so they are not running on their capitol. who in this room 55 years ago we'd have a negative interest rate environment and to thought if you put together this set of economic metrics around the world as dis

tragically killed in the country of haiti, illustrating how it is people of color and people in undevelopedations and poor people who are really on the front lines. extended drought, continuing fires in the west of the country. we have a climate crisis year. these two are bickering about more abusive and who has been more derelict in their responsibilities toward the american people. personally, i think there are both right, that donald trump's behavior is absolutely abusive and inexcusable. hillary clinton, the her demeanor is certainly much nicer in her message is easier to hear, it is important to remember that it is not the talk, it is the walk. while hillary is talking about her history defending and andoting women and children the cause of our families, remember, it was the clintons who dismantled aid to families with dependent children -- that is the major social safety net -- throwing over one million families and children into poverty. the clintons actually passed -- bill signed but hillary supported -- nafta, which sent millions of jobs overseas, and wall street do like ration --

greatest concern the ceqa identifies the scope of the project to include the infrastructure for all 6 undeveloped lots not just the two under consideration here we firmly believe that new street is a new plan you've not looked at the in the past couple of weeks no question that the whole project has a far greater impact than 0u78d in the ceqa exemption for two lots woult without considering the other 4 lots many of whom have spoken in favor of that lot and - by piecemealing the project and looking at one small piece never an assessment of the whole impact because the scope and detail and community has been disregarded in the process we urge you to reconsider this project first, this project not be approached piecemeal with no opportunities to study and analysis or consider the possibility development of streets and the 4 additional homes, and, secondly, if you approve the design and the street is rejected being another kind of walking assess required we request the bulk of the building with reduced by one floor since the garage will no longer be needed as our documents and the neighbors attest fr

my job is to looked a undeveloped spaces and imagine what they could be.hese are spaces that have no hope, have no future, but you need imagination and you need the ability to get them done. and to unlock their potential and to unlock the potential of the people working on those spaces and on those projects, and we have so many things we can do for our country. but others have only dead ends. i dreamed of the amazing possibilities that we have. that's why government has turned to me in the past to fix projects that had gone nowhere, that were considered total disasters. whether it is turning a landfill after many, many years of futile work in bronx new york into a world class golf course that is now open and doing unbelievable business or revite facadeturnover grand state terminal or the rink in central park after eight years of futility and spending massive amounts of money and getting it done in four months for a very small amount of money. so many different things. today is a metaphor for what we can accomplish for this country. this building is a histo

greatest concern the ceqa identifies the scope of the project to include the infrastructure for all 6 undeveloped lots not just the two under consideration here we firmly believe that new street is a new plan you've not looked at the in the past couple of weeks no question that the whole project has a far greater impact than 0u78d in the ceqa exemption for two lots woult without considering the other 4 lots many of whom have spoken in favor of that lot and - by piecemealing the project and looking at one small piece never an assessment of the whole impact because the scope and detail and community has been disregarded in the process we urge you to reconsider this project first, this project not be approached piecemeal with no opportunities to study and analysis or consider the possibility development of streets and the 4 additional homes, and, secondly, if you approve the design and the street is rejected being another kind of walking assess required we request the bulk of the building with reduced by one floor since the garage will no longer be needed as our documents and the neighbors attest fr

iconic plaza hotel in new york, a palm beach estate, an airline, a yacht and the largest track of undeveloped his success in the book "the art of the deal." toni schwartz was a coauthor, a decision he now regrets. >> from the very first interview it was very clear that he had an exceptionally short attention span, easily grew impatient and was going to be incredibly hard to interview at all. >> schwartz said he had to find another way. >> sometimes you got to go who to go to. >> so trump let him listen in on his phone calls for months. >> is there any call that sticks out in your mind or are they all blended? >> there is a call that sticks out in my mind. it was a call with a contractor and he's going you son of a -- if you don't -- i will -- and i'm telling you, you'll never work again in this city. boom. and he slams the phone down and turns to me totally relaxed with a big smile on his face and he says, you think it worked? >> schwartz says that much of what he heard trump say was false. >> i came up with this phrase truthful hyperbole which is -- i called it an innocent form of exaggerati

new york first to philadelphia for ten years and then to a site in the potomac which was as yet undeveloped, is now washington, d.c.. we incurred a future of murderous washington summers but we got america's debts paid off in a timely fashion and that was due to hamilton's foresight and clever deal making. he also had an insight about how to handle the debt. his intention was not to pay it off and make it go away. he wanted to manage the dead. he wanted a debt where regular payments would be made on the interest. and his insight was, if you did that with debt it turns from being a liability into being a resource. people see you're not struggling under a burden. you're maintaining it. so they're willing to extend you credit. debt becomes credit. debt can become money. if you have a credit card, you know how this works. if you have 20 credit cards, you know how this doesn't work. debt has to be managed carefully. that was hamilton's intention. his way of managing the debt was a new thing in world finance. only two countries had gone this route. holland was first, england followed with the ban

[inaudible] they said this democracy income it's a high-yield country, it's undeveloped and has this racial problem. the world's going to be okay. there are these big risk. the eurozone. if it ever comes to that someone's going to leave the eurozone, that's an issue. contracts, currency and all of us will be going through the real detailed analysis of how we had all that and how we deal with the complexity. >> let's take questions from the out audience. i will screen them but i will make sure it's interesting. >> forget about our business model for a minute. it's horrible if you are a saver. this is the fundamental problem. if you want spirits to come back and you want people to engage in consuming, then you've got to provide some sort of stimulus on the other side that they're not running down their capital. who in this room thought five years ago we would have a negative interest rate environment. who thought that if you put together a set of economic metrics around the world, all the rest that's been going on, who would've thought that would've translated to a box on the right-han

undeveloped. it's got this racial problem. the world will be okay. the risk you have -- there are these real big risks. so eurozone. it's not -- if it ever comes to someone is going leave the eurozone that's an issue. contracts, currencies. then all of us will be sitting there going through a real detailed analysis how we hedge that. not we're going leave the countries but deal with the complexities of those issues. >> take a question from the audience and you can submit the question on the app. the issue of negative interest rates what does that mean for the way your business model, fee based income versus net interest margins. james? >> i mean, forget about our business model. it's horse military you're a saver. it's the fundamental problem. if you want those animal spirits to come back, and you want people to engage in consuming and investing then you got to provide some sort of stimulus on the other side that they are not running down their capital. i just think -- who in this room thought five years ago we would have a negative-interest-rate env