tv CGI America Bloomberg September 20, 2015 1:00pm-1:31pm EDT
action,ng ideas into the clinton global initiative attracts some of the world's most influential people. business, politics, and philanthropy. the goal is to find solutions to economic problems and establish commitments that improve lives. this bloomberg television special, we take you to the cgi america meeting in denver, colorado where a discussion of the nation's growing wealth gap, secretary,ousing julian castro. >> we want more folks to live comfortably and in a decency place.
>> a panel of visionaries explore diversity in information and technology. >> this is a new economy and we will love it if we learn to participate in it. >> questions hung over the clintons on how they funded the initiative. former u.s. president and the cgi founder bill clinton addressed these questions head on with bloombergs betty liu. betty: i want to get to some of the commitments that you are excited about to talk about today. i also want to talk about some of the topics that have overshadowed some of the work that cgi has done. likeow you have something 200,000 plus sponsors that are supported you since 2001. a few have begun to reassess their sponsorship of the clinton global initiative. exxon mobil says they are not going to sponsor cgi this year. is this because of the funding controversy? pres. clinton: i think they
don't want to be involved in politics, they don't think we were political. a more, inever been don't believe, foundation with a prominent political person like me that has been warm nonpolitical. -- more nonpolitical. mitt romney, john mccain, sarah palin came. son haverdoch and his given money to us along with mayor bloomberg. we just saw problems -- solve problems. a lot of people don't like bad press and you cannot be involved in modern american politics without somebody attacking you and i think the fact that there are so many other channels like bloomberg and social media means got, if somebody once to negative, it is richer view to my wife that it all happened now.
-- interview to my wife that it happened now. i think, in the end, the foundation will be judged on the work it does. betty: is there anything you would have done differently with the foundation? pres. clinton: there may be a thing or two that i would change but the basic idea, i still believe it is the right thing to do, to solve as many problems as possible through cooperative networks that are inclusive across political party lines. in business and government, nongovernmental groups. >> chelsea clinton moderated the meetings opening panel, the map of making it america. ask secretary castro how he assessed progress in creating affordable housing. this is hud's 50th anniversary, president johnson
inaugurated the department in 1965 and i think it is safe to say we have made tremendous progress. ending -- working on things like child poverty in that time but we still have tremendous challenges. every few years, hud does something called the worst-case housing assistance. the last thing we did a few years ago, we found that there were 7.7 million families out paying 50%re either or more of their income in rent, or living in substandard housing or both. just last week, the income housing coalition put out airport folks may have seen. i think it is eye-opening analysis that said no where in the united states can you afford a two bedroom apartment or home to rent on a minimum-wage salary.
the exception of a few communities in the pacific northwest, folks can't even afford on a minimum-wage a one-bedroom apartment. you get a sense of the gravity of the challenges out there. we want to address that affordable housing component so that more folks can live comfortably in a decent, safe place. aresecond thing that we working with communities in, is not just stopping at the walls and roof. going beyond. breaking through the silos of understanding that it is housing and education. having a goodand job that you can make a minimum-wage job seek and support the family. it is housing and including everybody in upward mobility. i think the number one thing that global leaders can do is to organize them selves across those silos. when i was mayor of san antonio, that meant we would sit down at the table with the head of the
local community college district, the head of the local transportation authority, the head of the university housing authority where decision-makers have maps on the table and a list of resources and plans for the future and think holistically about improving this communities. if folks can organize themselves leverage theyhe can get from the federal government from nonprofits, to the private sector, i think goes up exponentially. we're encouraging folks to do that. clinton: do you judge that from an affordable housing perspective, how do you start to know, you are saying this is working in the city at this point in time? that is a fantastic question and it is something we have begun to get our arms around. i think it is fair to say that the way we measure whether we are successful is whether a
family has a roof over their heads. think the primary way we measure things in hud. are we doing our job of ensuring housing opportunities? but we are getting better at also measuring out things in terms of young people in public housing communities. how many young people do well on their third grade reading or math exams? how many go on to graduate from high school, and then have higher education opportunities? how many of the folks, because we do something like jobs plus or family self-sufficiency, that are meant to create more economic opportunity? how many of those working age adults are able to get job training and get employed, or are already employed, are able to go up a notch in terms of their position? we have not toys been great
about measuring those outcomes. over the next 20 months, that is what we want to accomplish. how technologye, can provide tools for inclusion, a provocative panel discussion. and more with former president bill clinton on his foundation and his family. pres. clinton: that will not be an easy decision. should she be elected president. ♪
>> welcome back to this television special from cgi i america in denver, colorado. can technology and innovation be forces for spending opportunity and diversity in the workplace. liumberg television's betty discuss that with a panel of thinkers and doers from the world of tech. talk about people technology and the labor force, they think about it in a negative way, robots taking over the labor force and that we will see lower wages and fewer jobs. a sense of how technology, how all three of you are deploying technology for the greater good. >> maybe i will put some context. there was a report issued that suggested if we applied the same technologies, that might be modernizing our manufacturing operations or adjusting how we shop on the internet.
but to have them help connect us to jobs and opportunities, they will grow dark economic -- grow our economic opportunities come up growing by billions of dollars globally but on human capital we are stuck in a decades old approach of what was the job title at your last place of employment, and where might you have a similar job title of the next piece of employment? we have the same sophisticated analytic ability, we can identify that while i was performing at a function like this in the economy, the skills i have that allow me to work could also help me apply to a job i'd never thought i could do. is the new economy and we will love it if we learn to participate and it so i am optimistic and see nothing but improvement in our health care system with more information, more analytics. predictive analytics applied to the retail sector which are active as well as in life sciences. it is huge.
was,r than mourn for what let's celebrate what we can be. i am totally optimistic about our future. our vision is to build. i think our job is to help all the upcoming generations of college graduates and people in their 20's who feel that optimism. and to be able to embrace what their career and potential could be. the reality is technology is no longer a sector in and of itself. it is in every industry and nook and cranny of our economy. one of the reasons we need diversity in the tech sector is because the tech sector has stopped being a sector in our entire economy. we all know that an economy that is diverse is more healthy and will perform better in the future. our job in that process is to
help bridge education and employment. a comment made by governor mark warner pointed out something he says congress should be more attuned to. i think you are familiar with this, he talks about the gig economy. ather than sign on to full-time job, they collect gigs to create a full-time income. however, that does not come with health insurance or a 401(k). when the economy turns south and all those gig laborers find those jobs no longer exist? who picks up the bill? jake: this is an area of great passion for me. senator warren is my mentor. i was just following that the conversation needs to begin in washington with the public and private sector on how we move forward. one of the most powerful secondary effects of improving access to health insurance was the creation of these
whattplaces that decoupled a traditional employer in the last 50 years would have with the employer. once individuals can choose their own health insurance plan because they have that marketplace, they can make better choices. you take that analogy further, you can ask yourself the question of whether there is a marketplace for workmen's comp.? or a market place for paid maternity leave? how do insurance companies and other stakeholders design and organize said marketplaces and only after that point you have a conversation on who should pay what share. betty: the recent survey of on-chip leadership in the united states, despite you live in this world, i live in this world and we hear so much about technology companies and startups and it seems like every other day there's another 22-year-old with a big idea that will be a unicorn. according to this study, dr.
partnership is on a 10 year -- entrepreneurship is on a tenure decline. are we creating an economy where a bigger disparity between the haves and have-nots? aneesh: my guess is what you will see if you dig into the sadistic, there's a lot more on grabbing entrepreneurship but those small businesses are not being started on the same level. you are seeing some of the software platforms eat up some of the world of small businesses and what used to be mom and pop operations. something we should be mindful of. and the meltdown, there was no lending from the banks. across the country, without exception, it was really starting these organically grown ing these
organically grown businesses. i think this will have a big impact on the ability of these small businesses to get loans from individuals were willing to support them and get a return on their investment. there is a difference in the banks but i think it will bring up something on that local level that has been missing since the downturns since the financial collapse. i think there are solutions coming on board. >> i'm bullish. we're going to see more minority led companies in more places than just for the virginia and silicon valley. cases move and the rise of the rest, the next wave of beathard by the internet and will not be tech in and of itself, it will be regulated sectors of the economy, modernizing the health sector. modernizing the health sect --
education sector. i do want to celebrate the president's tech higher initiative, his started america initiative. conveners,rganizing help draw more attention. this summer, the white house will host demo day. from the a statement silicon valley crowd. where women and minority onto for numerous and present their cany -- entrepreneurs present their story. of additional trend, us putting more attention on giving people a shot, will boost. i am bullish. betty: we are participating in that at the white house. important,something the crowd funding for equity is and less than a year old there are more rules to come by but there is crowdfunding going on so let me say that this is the democratization of capital,
that women and minorities can be on par with everybody else. women are raising 12% more. more than men on crowdfunding. it's because it takes a great social network. >> only come back, or a betty liu's interview with bill clinton and the choice he may soon face between guiding his foundation and advising his wife. pres. clinton: she will have to decide what the best use is. ♪
>> welcome back to bloomberg television's special report from cgi america 2015. here's betty liu with cgi founder and former president bill clinton. you thinke commitment will have the biggest impact so far. pres. clinton: more than 90% now represent partnership. they have a chance to grow. some of them that are really exciting, another would have a chance to grow. the fascinating commitment the financial institutions putting in development of funds to bring clean energy jobs to native americans. they are still the poorest group of americans, ones that live on tribal land that don't have casinos.
that has a chance to blow up. that, butseveral like the biggest one in terms of dollars and jobs by far is the continuation of the original $10 billion commitment by the american federation of teachers, --to retrofit buildings. the $5.6 billion of this commitment have been deployed and spent and they created 50,000 jobs. that's a lot. betty: what happens to the foundation, the great work you have done. what happens, as you have mentioned many times, this year is different because your wife is running for president. what happens if she does, in fact, when and enters the white house? what happens to the foundation and you at the foundation?
[laughter] pres. clinton: i don't know, i will be almost grown by then. [laughter] my serious answer is this. , the current president of either party has to do everything in good conscience if they can. apart from being husband and wife, that will not be an easy decision. should she be elected president. what is have to decide the best use. including being around to buck her up every morning. if she wins, and i think it would be a good thing for america if she did. [applause] --s. clinton:
betty: it will be a hard decision on the foundation. pres. clinton: we will have to talk about it but when i tried took all theys money people give us and put it right into the work. the reason i finally went out and tried to raise the endowment is i thought there were so many lives writing on the work of the foundation. the group separate from the global initiative, that it would be a responsible for me not to have an endowment. that, president bush opened his library with a $250 million endowment, carter has a five digit million dollar endowment and has been working - $500 million endowment i have decided. my successors,
including my daughter if she decides to do this, they may or may not be able to raise the money. i want to at least have a modest endowment. it is not responsible as with no endowment. pres. clinton: would betty: would you still get paid speeches if your wife was in the white house? pres. clinton: i don't think so. once you get to be president, you are just making a daily story. speeches.ill give i have really enjoyed those things. i get to go meet with smart people. i met with oracle, major investments. so many. if anybody called me in 2001 people was -- if anyone told me in 2001 people would still need
a talk i would be stunned. couple hours a day studying what's going on and i don't just tell war stories or what happened when i was president. live andeople want to for the president to look to the future. pres. clinton our -- poll foundpolitics that if hillary clinton were to be elected that 82% of voters polled said it was mostly good for her to turn to you as a chief advisor. pres. clinton: well that's nice. [laughter] i appreciate that. betty: how would you advisor? -- advise her? pres. clinton: if she gets elected president, she will make good decisions. she works hard and is on top of things. will be inclusive, which we
need. if there is one thing she knows more about than anybody on earth , it is somewhat subject i should be listened to. [laughter] and what subjects i shouldn't. [applause] say something serious. i hope i will be asked to help support her main determination, which is to give the country a middle-class and give people a chance to work into it. again, i'm inclusive society. i think it is important. the good news about this technological revolution is we have more options than ever before. the bad news is if we are not careful, we get sideload -- silo 'd. we are isolated from one another. one of the heartbreaking things
about all of these things were young people have been killed with encounters of law enforcement is it has revealed a almost total lack of trust in neighborhood after neighborhood in america. succeed, we have to be able to create a sense of inclusion where people feel safe. andheir basic functions safe express and their opinions, safety disagree and argue. i think she will do that and if i can help i would like to but better me, she has judgment about what the best use of me is than anybody else, i think. she has been stuck with it for 40 years. she is about to figure it out. betty: i want to thank mr. president bill clinton for joining me here today on stage. i appreciate you for joining me
erik: from west texas shale to drilling rigs far offshore -- >> offshore rules. we need a hand on the handrail. ok? erik: from angola to australia -- >> you're looking at the inside of an lng tank. erik: our thirst for energy has pushed chevron to almost every corner of the globe. >> we believe there's opportunity to progress. >> good job, erik. erik: the giant company is active in 180 countries. >> it is the largest resource project in australia. erik: pumping almost 2.6 million barrels every day. these are challenging times for big oil. fracking has upended the global market. renewables like solar and wind power are getting cheaper, and