Hey guys should I bear 1,000 here again today? We're going to be unboxing and reviewing and trying out this Cheap dash cam we got here as seen on TV Stay tuned. Let's see what it's all about. Okay guys Let's go ahead and open up this I Got this we gave $20 for as seen on TV. Just a cheap dash cam. This is full high-def You know, that's not true. It's probably 720 or something But you know, you never know. Let's check it out. I figured for 20 bucks You know, it's worth that tennis to make a video and Like I said in the last video monkey, she does a lot of driving, you know Sometimes 150 miles a day sometimes just a hundred but she does a lot of driving She sees a lot of incidents a lot of weird stuff and So we've been wanting to get a dash cam I thought well They make better ones and and they're cheap you can get Fairly decent one for a hundred bucks This is 20 bucks.  Let's try it, right? So let's open this up This must be everything we need for in here Here's the camera cell there's a camera This Night capable or capable, but all it is is these lights come on I'm I'm I'm just kind of wondering if they're going to glare back You know at night go back off the windshield. I don't know. We'll have to see at night time But it's just like a little two and a half inch screen or something Let's pull that off of there and I am gonna leave the Protected coating on it right now And so there it is so far. I mean looks like a power cord on An off switch apparently I haven't read up on it yet.  I don't know why. I'm sorry guys. Keep forgetting you're down here Let's get the spun around to the camera It'll be like that that way it's facing out towards the the Towards the street It's supposed to record audio as well So we've got all my goodness. I can't believe this It came with a memory card. I don't know what size guys, but There we go came with a memory card. So that's cool. It'll hold up to a 32 gig There's some sticky things I'm guessing if you want to mount it different ways. I said I haven't read the instructions on it You're seeing what I'm seeing for the first time as well But I'll check it out before we take it out to the truck and USB So I can either take the card out and put it to import in the PC or Just plug that directly into the PC. This must be the battery Yep, there's the battery and this is the Plugged in your cigarette lighter or power source now. They just call me see power sources or whatever or DC power sources Same thing as a cigarette lighter, but we have three in the truck only when I'm working I think there's a blown fuse in there off to check it, but So anyway, there's that So what I'm gonna do is I'm gonna read up on this guys and I'm going to get back with you here in just a minute So stay tuned guys All right guys Check this thing out See what's going on here See how this works a little park up here in the street You never know why they didn't turn up this three they went like to the next street up They couldn't find a place. I don't know 20 dollar thing. I was right. It is 720 It's not 1080p. It's 720. It's a little park People do actually use this part.  I don't know why it does that because I mean I'm plugged into the car charger, so so there we go guys I am going to take you into the house and Get this and see how this does. All right guys Stick with me, please. Thank you. Have it you saw the clip Yikes number one you saw it's very crappy even for 720 that is crappy and Also, I don't know if you could tell it or not, but the sound is not synced I Did format the new car and I'll try it again here after bed did say to charge for three to five hours But in order for it to charge in the truck that long you got to have the key on Just the way it is the cigarette lighter will not work if the keys not on so I'm not going to leave it set out there around So I've got it plugged in here to USB It's charging since it did say if it's if it's low it may not function properly But that's ridiculous and the sound was just like I'm like Watching it back on the PC going what the freak Crazy, I mean for 20 bucks guys don't waste your money paying another 30 for $50 one and you can actually get 1080 and they're okay this I figured Let's give it a shot. I mean So far no, it's junk.  I mean 720 is even better than that guys come on So but I'm gonna go ahead and charge it a formatted card another thing that card that they gave me That's not a car guys. You know that is it's an adapter for a micro mini SD card But it does have a case I mean for 20 bucks might as well say I bought a charger and a USB a short USB cord by the way And it will I mean soon as soon as I plugged it in to start charging it it started recording So it does record automatically, but I mean as far as as far as quality.  They're just like this camera here But for 20 bucks is it worth it? No, was it worth it to me to make a video for my fine viewers? Of course it was of course. It was who gives a crap, right? So Please share my videos So but anyway guys, there you go. I mean if for some reason it It works stars working better after stars, which I highly doubt You know, I'll let you know, but uh, I don't see that happening guys.    Oh, you know all my haters out there. Yeah. Well, we expect for 20 bucks That's true, but I would expect a little more than that I mean, I bought you know, um, I like I'd lot brands or big lots or whatever. I bought 720 cameras there that I mean other than being clear full screen Uh, they work fine, you know, they were still kind of crappy, but I mean Not as crappy as that for 20 bucks. So people said, oh, I need dash cam need dash cam Just spend extra money and get you a good one if you're gonna do a lot of filming She's been wanting one for a long time. So I thought I'd give it a shot, but you know what her birthday is coming up next month. So I'm not sure I'm spoiling anything. Maybe we'll just have to see what's What's happening, you know, but anyway guys again, thanks for watching.  It should say dash cam pos because that's what it is Anyway guys, this is worth it for you. So again, thanks for watching and Stay tuned for our next video and oh by the way, if you see this Nancy tonight Email email me. I think you got my email address email me Like I said, we're going to go to a flea market in the morning Let me know what what kind of train stuff you're looking for. We've been on the lookout and I can't I keep forgetting What what scale that you're running if there's anything you need in case we run across it You know, we can pick it up for you. So that being said guys, remember Shea bear the myth the man the legend. I'm gone for now. Bye. Bye guys. Have a good one


In the post game now after York defeats Bates 19 eight the final Peter lasagna the head coach of Bates with us now and Peter We just had a chance to talk a moment ago I know the result for either of the games this weekend was not what you hoped But there is something that can be taken out of this week And I think you guys really held better today. Yeah, no, thank you. I appreciate that and I felt the exact same way I don't want to ever get to a point in my life where I'm cheering a 19 to 8 loss But I will cheer the fight. I thought we fought defensively I thought we actually played really really well six on six against a team that is considered one of the best defensive teams in The country. I thought we really had their head spinning when we had it We might have gone the entire third quarter without having the ball I can't swear that it felt like one of those quarters. We didn't have it very much But no, I'm very proud of how we fought and that's a lot of like we talked about you say It's a lot of why I wanted to come down and do this we it forces you to grow up So they you were trailing five nothing at the end of the first quarter and then the second and third quarter You went toe-to-toe was 11 seven after three. What was the difference in the second and third quarter? How you played better? Yeah, I think we really spent a lot of time Mentally at least even though we couldn't do it on a field preparing for their ride Their ride is sort of a nine and a half ten man They sometimes bring the goalie all the way out sometimes part of the way out And they have all those really athletic poles in the middle of the field 12 and 35 and 43 and those guys so we adjusted our clear a little bit That'll be our little secret But we adjusted our clear a little bit and I thought we cleared the ball great and we are I think our goalie played a lot better today So we were getting some saves we clear the ball that gives us a chance to play offense And even when you're not winning face-offs if you do those things well You can actually make it a really competitive game against a really good team So one area that I'm sure you'd want to look at more and film the extra man opportunities For York six out of seven what were they seeing that you weren't doing on time? Yeah Like I said, I just think we were most of the time We were in a four-man rotation and I think we were just a hair to five or seven Late every time and from where I was looking on the field as I said a few minutes ago It looked to me like we were giving two guys on the backside too many good options So I think we need to push out a little bit more if we're gonna play four man or get to the point Where we can actually play five man And we've just got to understand that the kind of shots we want to give up whether we are four and five Man are outside shots and I think we yielded a lot of layups So I think most of those man up goals were inside of five yards So a final question to you you and I had a chance to speak I think you were on the bus coming down from the Boston area, you know Nobody wants to be o and six you don't want to coach it o and six your players don't want to be o and six They're not used to being o and six. So what what do you do? How are you guys doing at this point? Yeah, I think we're doing a lot better Honestly and and to me it says a lot about our people that they put yesterday behind them fairly quickly and Focused on the great opportunity that we had to play a really really good team today And so to then be able to perform the way that we did and be toe-to-toe as you said Into the fourth with a really really really good veteran team Again, we're not looking to lose But I think we take away a lot from this that we get on a bus tomorrow and take nine hours to get home Domain and then we have a week to get ready for Middlebury and then it's all league play for the for the rest of the way and Quite honestly, I think we're gonna be a tough out. So so do I thank you so much. Thanks, man Really appreciate it. Absolutely. That's Peter lasagna the head coach of Bates Bates falling today to York 1988 the final on go mustang sports TV


So let's lay down some introductions. If f of x is a function of x, we can speak of the graph of y equals f of x. And just like when we graphed equations, what we mean by this is we mean the graph that consists of all points x, y, where y equals f of x. Well, with the exception of the use of function notation, this is really the same thing we did when we looked at graphs the first time. So let f of x be some function of x. We can determine which points are on the graph of y equals f of x. So the underlying concept remains the same. If the point 5, 3 is on the graph of y equals f of x, then x equals 5, y equals 3 will satisfy the equation y equals f of x. So we'll check. So we know we're dealing with y equals f of x equals means replaceable. So instead of f of x, I can replace it with x cubed minus 7x squared plus 15x plus 10. So equals means replaceable. I claim x equals 5, y equals 3, so we can replace x with 5 and y with 3. Now we should be at least careful. We don't actually know that the point 5, 3 is on the graph. So we don't really know whether 3 is equal to this mess. So we'll put that question mark there and we'll do some calculations.  And since this is false, 5, 3 is not on the graph of y equals f of x. Again, if it's not written down, it didn't happen. And so what we might write down here is that since f of 5 is not equal to 3, then 5, 3 is not on the graph of y equals f of x. Similarly, we can check to see if 220 is on the graph of y equals f of x. So equals means replaceable. So again, making all of our replacements, doing a little arithmetic, and this is a true statement. So 220 is on the graph of y equals f of x. And again, we can summarize it since f of 2 is equal to 20, then 220 is on the graph of y equals f of x. Let's see if our picture, our geometry, can give us some insight into our words, the algebra. So here we have a graph, and let's see if we can solve based on the graph of y equals f of x, f of x equals 0. Also, let's see if we can find f of 0. So the thing to remember is that since the graph shows y equals f of x, then any point on the graph x, y satisfies the equation y equals f of x. We want to solve f of x equals 0. Equals means replaceable. We want to find points on the graph where y equals 0. Those points will be on the x-axis, 5, 0, minus 3, 0, and 2, 0. Now this time, because we're actually trying to solve an equation in x, we only need to give the x values. So the solutions will be negative 3, 2, and 5. Now we'd like to find f of 0. Well, we know that f of x equals y. So let's try to solve f of 0 equals y. So we want to find the point on the graph where our x value is 0, and this point will be the point on the y-axis, 0, 30. So again, equals means replaceable. We want to find f of 0, f of 0 is y, and our y-coordinate is 30. So f of 0 is 30.


When you met him in 1957, did he strike you as the leader that we know today? Somebody would lead the movement to the point where we would get legal recognition of civil rights in this country? You know, he was very unimpressive deliberately because he was genuinely humble. He laughed and joked. And like, you could get him to talk about his children. You could get him to talk about his wife or his church. But you couldn't get him to talk about politics. You couldn't get him to talk about theology. And I was trying to understand where this faith that he had came from. And he didn't want to talk about that. I mean, it was his calling. But remember, by 1957, he had already had his home bombed. And he'd been sued twice. It was the next year that he was stabbed. And in 1960, he was arrested in DeKalb County in Atlanta. After coming from Montgomery to Atlanta, he'd be safe. He was picked up, picketing Rich's department store. And when they let him go, the DeKalb County police picked him up and charged him with violating a probation for having expired driver's license. They took him into the jail. And in the middle of the night, they put him in chains. And they took him down from Decatur, Georgia to Reedsville, which is about a four-hour ride on no expressways back then. So he was in chains in the back of the car or the patty wagon. I'm not quite sure. But there was nothing back there with him but a German shepherd. And he was sure that he was going to his death. And he would always say, look, death is the easy part. Everybody's going to die.   He said, the only thing you have something to say about is what you die for.  And he would talk matter-of-factly like that about death, even as a 30-year-old. And then if he saw you getting uncomfortable, he'd say, but you don't have to worry. If they get you, I can preach you into heaven.


Live from Las Vegas, it's theCUBE. Covering Dell Technologies World 2019. Brought to you by Dell Technologies and its ecosystem partners. Welcome back everyone to theCUBE's live coverage of Dell Technologies World here in Las Vegas, Nevada. It's a big show, the 10th year that theCUBE is at this show, I'm Rebecca Knight. This is my co-host Stu Miniman. We've got two sets and joining us now is Matt Libowitz, he is the global lead multi-cloud infrastructure at Dell Technologies. Thank you for returning to theCUBE. Yeah, like I was saying before we came on, I've been a fan of the show for years, so it's great to actually be on it for once. Well, welcome. Twice. We're going to talk about the stresses of cloud sprawl right now. And there's so many different possibilities, solutions, it's a multi-cloud world. How do you even make sense of it all? And how do you help customers make sense of it? Yeah, well, I think the first thing that we typically do is just try to get customers to understand what they have. You know, they've got workloads in private cloud, they've got workloads in public cloud and we try to do an analysis, figure out what's where, what's the best fit, what cloud is the most appropriate for each application and then just build a plan to kind of build that infrastructure and get them where they need to be. Yeah, Matt, I love that. And I want to hear what you're seeing from customers because when we look at it and we hear what's described is really when we talk about hybrid cloud and when we talk about multi-cloud, I have a bunch of pieces and it wasn't necessarily a key strategy. The customer just like, oh, I'm doing cloud stuff all over the place and in many ways we've got the silos that we've spent the last decade or so trying to get rid of even more. So how do we help get their arms around it? There's so many different layers of the solution to make this innovative and a wholesome solution rather than just, oh my gosh, I've got the things all over here and I'm spinning plates as a company. Right, I mean, I think you said it. The most common thing we see from customers when they say I'm doing multi-cloud is they're actually using more than one cloud but that's not really multi-cloud. You really need to tie it together with a cloud management platform, something that can bring all the pieces together that's API enabled, they can programmatically access resources. So when customers tell us they've got multi-cloud but they're really consuming something in Azure and something in AWS, they've just like you said, just created more IT silos. And so we're trying to get away from that. They can use all those clouds but wrap it together in that common control plane so you can understand your estate and actually manage it and consume it. So it sounds as though customers, I mean, we're sort of painting this picture of customers really, really at a loose end here.  I mean, obviously some customers have a strategy and know exactly where they're going but the vast majority really don't. I think most customers are responding and the needs of the business are changing. They need to respond more quickly and so they consume cloud resources as they can. And that often leads, like you said, to the sprawl. And so again, we try to just wrap it together, do an analysis, figure out what's out there and help them not only understand where the application should live but wrap an operating model around it so they can start consuming it properly, understand what they're going to advertise in their service catalogs. One of the reasons I love talking to consulting people is you're not trying to push a product. It's like certain ones, it's like, okay, management's really important but we understand as an industry, we're never going to get to that mythical single pane of glass. So is there a framework, is there a maturity model? How are you measuring where they are and how to move them gently along? I guess the journey is what we've said to kind of a holistic solution. Yeah, I mean, there's tons of, we take what analysts do. We also have our own studies and indexes all the way starting from what we call kind of digital laggards, all the way to the digital leaders. And what we found is actually most of the customers are either laggards or they're just starting out. You know, maybe they've made some loose investments but they haven't done, they haven't walked the path that far. And so, you know, it's like you said earlier, there's stuff kind of everywhere. Customers don't often know where to start but I think they're responding to the needs of the business. I don't think it's anything that they're doing that's wrong but, you know, it's a little bit of the wild west for sure. So what best practices have emerged when you're talking about the digital leaders versus the digital laggards? You've said they've made some investments, they have an idea of where they want to be. What are some of the other things that you've seen that really separates them from the pack? Yeah, well, so I'm going to be a consultant just like you said and it's all about business value and business outcome. The customers that are the most successful have the business reason for what they're trying to do. They're not going to public cloud because Gartner said they should. They're doing it because they know they're going to get an outcome. They're going to be able to go into new markets or operate faster, deploy applications faster, things like that. And those are the ones that are further down the line. I would say the ones that are the laggards are the ones that are just sort of peaking under the covers of what they should do. They're just starting out. They've got some workloads in multiple clouds and they need to get a handle on it but they're just starting. All right, so the keynote this morning, there's a lot of talk about cloud. VMware is at the center of the strategy there but partnering with a lot of different players out there. Of course, AWS wasn't talked on the stage much this morning but we know how important that is in the VMware environment, Microsoft was up on stage. How do these new announcements fit into the discussions that you'll be having with customers? You know, I think customers need in a lot of ways, I hate to say it, but almost an easy button for cloud. If they, often when they try to build it themselves, they bring the components together themselves, it's really difficult to do that integration work like you said, Stu, I'm in consulting so we're all about the outcome but this product is Dell Technologies Cloud I think is going to help accelerate for us in consulting so that they can quickly get to a state where they have a functional cloud they can start consuming and then we can help them with the day two to actually drive business value, consumption of the cloud and that sort of thing. But yeah, I think VMware is doing a great job of reading the landscape and understanding that people are consuming AWS, they're consuming Azure and VMware owns the data center, I think that's crystal clear so they need to work with what the customers are using today and I think they're doing a really nice job with that. I'm curious as a consultant how you are helping companies really implement these new things because as we know digital transformation doesn't really have anything to do with the technology, it's really about getting employees on board and customers on board and thinking differently about how they get their jobs done. So how are you helping your customers think through these things? So we have a framework on how we approach these for multi-cloud and for lots of other things where we use a methodology that we call kind of as is to be where we kind of determine their current state, project where they're going to be in the future, build a roadmap that's actually actionable but then I think what differentiates the methodology is we tie it to a business case, we tie it to an outcome and a financial outcome so that executives and IT leaders can see that this is not just another IT project, they're going to get true value out of it. We build a roadmap pretty quick in three to six weeks that's actually actionable, we build consensus and that's how we get started. Matt, are you doing some sessions here at the show this week? I did one bright and early at 8.30 this morning. Love to hear about it, especially any good questions from customers. Yeah, so my sessions are on migrating workloads to modern data centers. So I think the way I started that was just, hey, let's define the modern data center. And I said, kind of quick show of hands, who thinks your modern data center ends with the four walls of your infrastructure? And thankfully not many people raised their hands because the modern data center is composed of your on-premises resources, whether that's private or hybrid, but also public. So I think a lot of the questions that I've got is just how do I get there? How do I convince IT leaders to buy into this? And that's like I said, we use our methodology to build consensus and help them get there. I'm curious, when you talk about the modernization, what's the role of data in there? Say it one more time. Data, how does that fit into the cloud strategy overall? Well, data is another service. One of the things we've started to look at as we talk about infrastructure as a service and platform as a service is big data as a service as an application that you can build into your cloud and then automated and orchestrated, just like anything else. So when customers or end users need to consume a data lake or something like that, they can do so using the same tool sets and frameworks that they do for other resources. When you're thinking about the challenges the customers face today and sort of looking ahead in terms of what you see are the future challenges, what is it that keeps you up at night? Future, you know, cloud sprawl, the way we started this keeps me up at night because when every, and I talked to a customer this morning actually who was talking about their yearly Azure or yearly AWS spend and the numbers were staggering and they're getting higher and higher and it's not, at this point, it's not shadow IT. This is IT leadership saying we want to drive more and more to the cloud and I think it's quick and it's easy and you can take your credit card and do it but a lot of IT is not prepared to operate as a, you know, kind of capex instead of capex. And so this is a big change for them and that's what keeps me, that's what gets me worried is in consulting when we come in really late to that conversation and they're already consuming millions and millions of dollars a year in AWS or Azure services. It can be hard to write that chip. It can be hard to say, okay, that's fine. You've made that investment but let's look at what makes sense to run on-premises. Let's look at what makes sense to run in different kinds of clouds and do it at an application level. All right, what other things at the show this week? You've been to the show for a number of years. What's exciting you? What are some of the conversations you're already hearing? So as a cloud person, for me, you know, where I focus on multi-cloud, the announcements today were really exciting specifically and I'm kind of interested in your opinions too on the Dell EMC cloud or the VMware cloud on Dell EMC. I think giving customers the option to consume cloud in a way that is just like public cloud but using the same tool sets and frameworks they've been using for years, I think it's compelling, you know, the virtual stream has proved that that works, that model works and so I'm excited about that although, you know, I'm kind of interested in your opinion of what others have said on that. So actually if you listen to the keynote analysis we did this morning, I'll do, but I'll frame it back as a question for you to get your thing. Well done. When, it's our show, you're not allowed to ask questions. Chad tried to do that once, but so when the VMware and AWS partnership happened, the question we all had as industry watchers was, oh my gosh, what does that mean for Dell? I feel today really started to answer that. I'm curious how you positioned it with customers. I'm sure you must be getting a question for customers being like on the Dell EMC side, hey, VMware and Amazon, where do you guys fit in this whole puzzle? Well, you know, it's funny, someone made a comment today that the keynote today sort of answered the question of who won the hypervisor wars, they're over. At this point, I think we've conceded VMware has won that battle. And so when you think about VMware partnering with something like Amazon, to me and the Microsoft too from the announcement today, it makes perfect sense because customers that have large investments in on-premises VMware deployments, it's a lot of work to convert that to something like a public cloud in Amazon or in Azure. So to be able to consume public cloud using AWS services on the network so it's operating at land speeds, but doing it with the same tools I think is compelling. So to customers that say, does this compete with you? Does this compete with Dell? I say, no, this is part of the story. Multi-cloud is all about bringing pieces together in a common framework that we can consume all together. So now that doesn't concern me at all. But well done, reflecting it back to me. That's a specialty. It's been doing this a long time. Yeah, this is not his first rodeo. Matt Liebowitz, thank you so much for coming on theCUBE. It was great having you. Thank you, appreciate it. I'm Rebecca Knight for Stu Miniman. We will have so much more of theCUBE's live coverage of Dell world technologies coming up just after this.


Mr. Bundespräsident. President of the Swiss government. Excellencies. Accordial welcome to the 43rd annual meeting of the World Economic Forum. Again we are together, the Davos family, and I would like to ask everybody to be here for the first time just to stand up for one moment. Please welcome the newcomers to our community. Davos is different. Why? First we are here a true multi-stakeholder community. Leaders from all walks of life. Political leaders, the heads of international organizations, business leaders, NGO leaders, trade union leaders, the young people whom we have integrated, women leaders, the media, social entrepreneurs, and I could go on. So there's another characteristic for this annual meeting. It's a comprehensive meeting. It's not like others who are devoted to one specific subject. What we want to do is to look at the beginning of this year, at the global agenda in a truly integrated way. To see what the priorities are and to look for solutions. It's also a very interactive meeting. 1,400 people here in this hall have an active role during the next four or five days. And finally it's a meeting where no decisions are taken. But it's a laboratory for new ideas, a launching pad for initiatives, and again we will see the next days a number of new initiatives launched. And of course it's a platform for interaction and dialogue. I have three expectations. Three wishes as far as the outcome of this meeting is concerned. The first wish is encapsulated into the theme of the annual meeting. Resilient dynamism. You remember when we have been assembled here the last years, we just discussed about the crisis and we were all absorbed by crisis management. I think the time has come to look at the future with a great vision, with a constructive optimism. But on the other hand, the risks have not gone away. But we should not wait until the risks, until we are close to falling off the cliff. What we should do, we should develop the necessary resilience to deal with those risks in time. The second wish which I have is that we go away here and we are again global trustees, trustees of our common global future. I think the past has shown with the mounting egoism of people, mounting nationalism of countries that our global cooperation mechanism are more disintegrating instead of integrating. And I have finally a last wish. The World Economic Forum has been very active in reminding us that as leaders in business or wherever we are, we have to serve society and we have a tremendous social responsibility. But we have to add to this social responsibility another dimension. We have to add moral responsibility without a basic moral consensus on a global level and actions based on a global consensus on morality. I think humankind cannot survive. I have now the pleasure to introduce our host, Mr. Federal President Pauli Maurer. A warm welcome to you here amongst us here at this annual meeting in Davos. President Maurer has been in politics for nearly as long as I've been at the World Economic Forum. He's been a municipal councillor, national councillor, party chairman, federal councillor and now president of the Swiss government. Pauli Maurer is also the head of the Federal Department of Defense, Civil Protection and Sports. So he is the man who is protecting us and our participants here in Davos. And for this invaluable contribution to our event, I would like to thank you from the bottom of my heart, Mr. President. But I would like to include all our hosts in these thanks, the federal councillor, all the federal councillor, myocraft and the state councillor, Filippo Lombardi, as the representative of the two chambers of the Swiss parliament, the Lohan and the Upper House. Our thanks also go to the canton of Guarbunden, represented by Elita Florin Karim and the president of the government, Hans-Jörg Truxel. Lastly, a great thanks to the mayor of Davos, Mr. Cavietzo. May I also add our thanks to the population of Davos. Ladies and gentlemen, please greet the president of the Swiss government, Mr. Ueli Maurer. Dear Professor Schwab, Welcome to Switzerland, welcome to Davos. I would like to welcome you in each of our four national languages. Ladies and gentlemen, welcome to Davos. I would like to thank you for your visit and I wish you all a good time and good fun. Welcome to Davos, in this splendid Alpine landscape. Thank you for the visit and I hope you will enjoy the day. Welcome to Davos and in its magnificent screen of the Alps. I would like to thank you for your visit and I hope you will enjoy the day. And finally, welcome to Davos, in this wonderful mountain world. We wish you all a good time and good fun in the mountains. You can see from the various national languages just how diverse Switzerland is. This diversity is what gives the countries its cultural wealth. And it's also enriches our society and shapes our politics. That is why Switzerland is a federal state with 26 cantons. All could perhaps think that to have 26 small states in an area as small as Switzerland is not terrible efficient. However, for our country, this diversity has proven to be a blessing. It is also the reason for the resilient dynamic of the Swiss economy as diversity stimulates competition. That is not only the case in business but also in politics. Competition exists between the commons and between the cantons. Local competition exists within our own borders. This leads to good infrastructures, to restraint in creating red tape and to low taxes. And individuals benefit just as much from all of this as business. In addition to federalism, we have a system of direct democracy. The people determine how high taxes should be. This helps to keep tax burden and the comparatively low level. And because politicians cannot always be trusted where spending is concerned, we have a debt break in court in our constitution. This requires us to balance out revenue and expenditure. Competition, economy as well as between locations, viying diversity, a liberal system and direct democracy, these are Switzerland's recipes for success. You may be wondering why I am speaking about Switzerland at an international forum. It is because I believe in diversity and it is because I believe in competition. Both within states and between them. Progress and prosperity are not only achieved through competition in the private sector, but also through competition among systems of government and business locations. But this is not always the case. Competition is a hard work. Improving a country economic framework is a tough political challenge. Large states in particular can be tempted to furgo such efforts, choosing instead to place pressure on smaller competitors, thereby forcing them to adjust their own framework for the worse. The fact that Switzerland is in good economic shape in international comparison is due in no small part to our liberal system of government. I ask myself if it wouldn't be better if other states were to draw inspiration from this success rather than criticize our system. It is somewhat worrying when powerful states exert pressure on small but successful competitors. The result is the competition. The catalyst of progress is different. Ultimately, everyone suffers a decline in prosperity. Even large states only benefit temporarily. For when there is a lack of competition among systems and locations, states become increasingly sluggish until the last will to reform faders. I firmly believe that the resilient dynamism to which this year's annual meeting is dedicated cannot be achieved without peaceful competition between business locations. I hope the exchanges you have here at this annual meeting are inspiring and engaging and that in between obsessions and discussions you are able to find a moment to take in the wonderful mountain landscape. I hope you have a good time here in Davos and I look forward to welcoming you again in Switzerland. Thank you.