Welcome, ladies and gentlemen. My name is Ling Shui Ling. I'm an executive producer at Channel News Asia. We're an international broadcaster, but we're based in Singapore. And we reach about 60 million viewers in Asia. This panel, Asia Takes Lead, was developed editorially, together with the excellent team here at the World Economic Forum. The pressing question seems to be, now, are we in a new world? Is there a new world order emerging? One in which things like the town-specific partnership no longer matter, where America and parts of Europe are moving into a kind of protectionist isolationism. And who's going to fill the vacuum during this period? Will it be Asia? Asia rising? Or as Dean Kishore Mabobani would probably say, re-emerging as the natural, dominant, global economic superpower? This wonderful panel that I have here today is going to help me answer this question. On my right here is Minister for International Trade and Industry from Malaysia, Mustafa Muhammad. We're very pleased to have him here today. Dean Kishore Mabobani from the Lee Kuan Yew School of Public Policy at the National University of Singapore. David Lee from the Schwarzman College in Sinhua University. Cripp CEO and founder of Asia, Tony Fernandez. And on the far end, definitely not Lee's, Professor Nuriel Rubeini, who's from the Stern School of Business. OK, we're going to kick off first with a poll, with all of you and with the panel. And the simple question is, do you think that the time is now for Asia to take the lead economically in the world? Those of you who think that Asia should take the lead, put up your hands. And those of you who are a little bit more apprehensive or not sure. OK, I would say that that's probably those still less than half. I see a certain amount of skepticism here in the panel. Are you? All five of us. Oh, did you all five say, oh, I think a five. This is not looking carefully from the point of view. This is the right thinking panel. This is right thinking panel. OK, so on this panel, we seem to be reasonably, we believe that Asia should take the lead. Now, since the trigger for much of what we're discussing is actually the United States, I'm going to give Professor Rubeini the first word about whether we're living in a post-TPP world. And does it really matter if trade deals like the TPP fail because the United States will no longer be part of it? Prof Rubeini. Well, I think that everybody recognizes that Asia is becoming a key part of the global economy for the last few decades. Actually, Asia has been the fastest-growing region of the world, especially emerging Asia. And it was not just China, but also many other parts of Asia. And I think that during the Obama administration, there was a recognition that Asia was important, that the rise of China was important. And there was this economic and also geopolitical pivot to Asia. Some people were thinking of it as being a way of, unquote, containing the rise of China. The more enlightened people within the US were not thinking this way, even if there is in debates on whether TPP should have included China or not, whether the US was mistaken in trying to oppose the AIB and so on. But the Americans were recognizing that pivot to Asia could not mean just sending a bunch of Marines, say, to Australia, but there had to be an economic leg to it at a time where China was building economic and trading in financial relations with Asia, Pacific, and so on. And the key element of that was TPP of trying to engage first most of Asia, and then eventually, then reopening it up also to China. The view was, we want to maintain the highest standard of trade liberalization. And because of that, maybe we don't want to have China in the first place, whether it was the correct analysis or not, we can debate it. But now we know that the first thing that Trump has said when it's going to come to power on Friday tomorrow is going to be to repudiate TPP, say, I'm against it. And therefore, that's not going to be part of what the US does and I think that the US is going to be cutting itself off from one of the most dynamic regions of the world. Of course, there'll be trading relations, but the great integration that will have come from TPP is not going to occur. That's going to hurt, I would say, mostly the United States at the time where China was doing the BRICS Bank, the AIB, was doing the Silk Road, the Belt and Road Initiative, and on top of it, a couple of alternative free trading agreements for the Pacific and so on and so on. So I think that that changes the game and we've seen this week here in Davos, the picture of the leader of the still nominally communist country, China being the champion of free trade, globalization, free market capitalism at the time where the new incoming leader of the biggest capitalist country in the world talks as if the US is scared of competition, of globalization, of trade, and actually some of the tone of bashing firms and telling them where to produce and what to do, look like corporatists. If Obama had done any of those things, it would have been accused of being a communist but the fact that Trump is doing it is considered to be a good industrial policy by some people, not by me. So it's a major change, it's a major change. If we look at it on a very practical basis, in other words, let's look at actual jobs. Tony, you actually run a company, not just talking about things, but do you think that your company and the people in your company oh, so how do they view things like the TPP? Open heirs of course are incredibly important to airlines. Yeah, well we've obviously been a big advocate of free trade and liberalization and we're a beneficiary of that. Eurasia started with two planes 15 years ago and now we have 200 planes, 200,000 passengers in the first year and 66 million this year and the most important factor, we've created 20,000 direct jobs and a huge amount of indirect jobs. I'm a big, big supporter of liberalization. I think it's very nerve wracking hearing some of the words that are coming out and in the real world globalization has created jobs. I think where lots of people are talking about populace and unhappy people, actually it's maybe the middle class who feel they're being squeezed a bit, but there's, so the redistribution of that wealth maybe needs to be looked at, but very clearly globalization has made the world a better place and so I'm all in favor of it. Minister, Malaysia went through quite a lot of really difficult negotiations for the TPP. You must be sorry to see it failing. I was personally involved in the TPP process for five years and of course we are disappointed. On the other hand, there are people who are happy, probably clapping their hands that TPP is not going to take off but as a government, we firmly believe that the way forward is more openness. Globalization is good for us. We've been Malaysia, we've been one of the major beneficiaries of globalization, so that's where we are. We are somewhat disappointed that it's not going to take off but we've got to face the real world. So the issue now is where do we go from here and that we have to be involved in some constructive conversation with our friends and a similar matter of fact, we have begun to do that. TPP was supposed to create this new world trade, economic order, setting standards on the environment, on labour and of course it's supposed to generate jobs and for us in Malaysia we've done a proper analysis and it's going to create, you know, about going from 2020 almost 100,000 jobs, additional jobs per annum. So the benefits are real for us and it's true for Vietnam and many other countries and that's probably one reason why Trump and others in America are against TPP because they see this as a platform to export jobs and most unfortunate because TPP is supposed to be win-win. America wins, I mean in any trade negotiation it's about win-win, it's not, you know, it's not someone getting all the gains. Vietnam, Malaysia and America is getting nothing. So America is getting better access to markets in the other 11 countries. So it was supposed to be a win-win agreement and America is also beneficiary and going forward we have to, as I say, be involved in some constructive conversation. The main thing is trade has been one of the main drivers of growth for many decades, in the last couple of years of course trade growth has been less than 3% and we've got to lift the world economy. We need to find a driver of growth and TPP was supposed to be one of the drivers of growth going forward given the current international economic collapse. So it's most unfortunate and it's certainly going to have some impact on the global economy. TPP was supposed to be a game changer but anyway we've got to be realistic. We've got to face the real world and now many of us, a few of us are involved in some conversation to see the way forward and in that context of course we have three pillars. We have US, Europe and Asia and within Asia we've got China, we've got India and we've got ASEAN. So we've got to be looking inwards. China certainly is a very relevant, very important country. ASEAN is growing rapidly, 5% growth per annum, 630 million people growing in the new class. So ASEAN is a powerful growth story and so we have to be looking. I mean it's most unfortunate that TPP is not going to happen but it's not all gloom and we are very excited within ASEAN that there's a lot of potential to unleash the future of the region for ASEAN to play an important role besides China and India within Asia and of course in the world. Prof David Lee, people seem to think that China is secretly clapping its hands over the failure of TPP. Is China really secretly very pleased that TPP is going to fail? Well, there are two kinds of views in China about TPP. Some people argue that China should be, should have been more active in joining the TPP, showing us using TPP as a higher benchmark, forcing local enterprises to upgrade their competitiveness. The other side says that the TPP is a US contrivance trying to bypass China, trying to contain China, but whatever, okay, the two kinds of voices have been heard within China. So it's hard to say that China is now very happy when TPP is collapsed. So we have to face reality. Well, what's the reason behind the TPP collapsing? Why? In different languages, different civilizations, we have different saying. All they say, the bottom line is that things happen for good reason. Things happen for good reason because China is already, the largest importer exporter in the world, the largest trader trading country in this region. It doesn't make sense for a country far away to come to this region, to impose a set of rules and bypassing the biggest player in this region. So it doesn't make sense. TPP excluding China in this region doesn't make sense to begin with, to begin with. So I think this is a kind of a destiny for TPP. Now what happens? Okay, without TPP, China naturally becomes a leader trying to provide forces of economic integration in this region. So RCEP is now intensely negotiated in this region. And as far as I know, China and ASEAN are pretty much see eye to eye on this issue. The remaining country is India. So the Chinese approach is a bicycle approach. That is, let's first start, first get on the bicycle. Even the speed is very slow. Once everyone's joining the bicycle, let's try to pedal harder, let's try to improve. So the philosophy is different from TPP. TPP is that you have to have the speed of flying. Then otherwise you don't join. So I do think RCEP will have a better future than TPP, of course I'm not saying much. TPP is already dead. Well, there you go. For those of you who doubt that TPP is already dead, Dean Keshav Mahbubani, what do you think? Well, I think, I must say I agree with all the comments I've made by my fellow four panellists. I just want to add two more dimensions, okay? Now in theory, trade is about trade. But actually, trade also has a geopolitical dimension. And frankly, why was TPP launched by President Obama? And he said it very honestly, David, as you know, he said in his press conference, he said, if America doesn't push TPP, China writes the rules. So he says if America wants to be a player in Asia Pacific, we have to join the game, we have to deliver something. And so that was the geopolitical consideration. It was not just about trade. And that's why Trump's decision to walk away from the TPP is actually quite amazing because he's shooting America in the foot. And that's interesting. This is the guy who says America first, America first. And then when he comes, you have an opportunity to push America first, he shoots it from the foot. And that's because, I mean, this is actually the core problem with Donald Trump is that there are very few things he deeply believes in. But unfortunately, one of the things he really deeply believes in is that international trade is bad for America. The international trade means jobs are being sucked out of America. And this is something that comes from his gut. So I think in that sense, we really have to prepare ourselves for a very different world where America instead of becoming the cheerleader for trade becomes in some ways the biggest obstacle to trade, which is why frankly, as you know, the biggest event that happened in Davos this year was President Xi Jinping's coming to Davos. And he gave an incredibly brilliant and inspiring speech which is open and inclusive and say, hey, we can all grow together. And that's amazing. In the past, David, you know, American presidents used to give that kind of speeches. Now he's the president of China, who does it. And so the question is, is the game over? And my own view, since I'm a sort of incurable optimist, is that the game is never over because at the end of the day, what you really got to watch, and this is where Tony Fernandez made a very key point, that is the integration continuing with or without TPP, with or without trade agreements. And all the data shows, by the way, that trade, even though global trade, as you know, has slowed down, trade is still growing, integration is still happening, and we are still moving towards more and more trade flows. But I actually hope that the RCEP, by the way, and here, frankly, as you know, David, the world is counting on China to provide leadership because no trade agreement moves unless it has a champion. It was Obama championing TPP. Now in the case of RCEP, I think there's a tremendous opportunity for China to provide that kind of leadership. And if China pushes through the RCEP, and you're absolutely right, you've said it very delicately, some members of the RCEP are less enthusiastic. I think India is doing its calculations as to whether or not RCEP will benefit India. I think if it... I'm confident that if India did a very hard-headed, tough-minded calculation, India will also benefit from RCEP. But it needs leadership. Dean Malvani, what you're talking about seems all terribly nice. Really cozy cozy. We're all going to have a win-win situation, as the minister says, and that we're all going to be terribly good friends. But if I were to play the devil's advocate and take perhaps the Trump point of view, what about trade, though, also being a stick, not just a carrot? He has implied that it's going to be transactional and therefore, treatments and interactions with China have to be a little bit more robust. You can't just cozy up all the time and be friends. You also have to say, no, we don't like that. We don't like you're not opening up your market. We don't like you're putting barriers, even though they're not clear tariffs, perhaps, against American companies being in the United States or not being able to transfer monies out as easily as they would like to. So I think that... Can I give a very quick response and then let the others... My very quick response, by the way, is that, you know, international trade theory is a gift from the Western, Nuri Alfa, to us. International trade theory explains very clearly why international trade is never a zero-sum game and that at the end of the day, we may lose some specific industries. Country like Singapore lost its textile industry, let's say, to China. Okay, we lost our textile jobs. But in return, we got other jobs, right? And that's what... A critical part of capitalism is creative destruction. You have to... Some industries have to die. If our economies have to progress, and what Trump is trying to do is to stop creative destruction. That's the heart of capitalism. Tony, I can see you're eager to leap in. No, two points. First thing, I think you should send this tape to Donald Trump. Might be useful for him to listen to Professor Kishore. Now, I think, as I said, I think trade is about negotiation. And, you know, you say, if America wants this, et cetera, that's what trade negotiations are about. So it's not a zero-sum game. And I do think very strongly that disruption is going to happen in this key. My industry is very clear, you know? Ariesia created a whole new tourism within ASEAN. But I think going back to one point, on the positive side, I hope that ASEAN gets together and says, well, if America doesn't want to be part of TPP, let's create our own internal market. That's what I did. You know, before we went to China and India, we said, let's build an internal ASEAN tourism market. And we started flying between destinations that never flew and created jobs and created new markets that just weren't there. So I hope some of the negativity that's coming out of America will focus Asia and ASEAN into forming stronger relationships, stronger integration, and seeing that if they work together that the economies would benefit. The bottom line is jobs, development, inclusive growth, elimination of poverty. So those are very important to all of us. I mean, irrespective of your time or China or Malaysia or ASEAN. So let's be clear. So trade has been one of the main drivers of growth. And I mean, TPP is gone. So we've got to look for other alternatives. And RCEP is one mentioned by Professor David Lee just now. And just to pull up on Kishore's intervention, in RCEP, there's no driver. And the driver actually is ASEAN. It's not China or India. I'm putting the record straight. It is a, well, in a way, negotiation among equals that distinguishes RCEP from many other trade negotiations. And all the 16 countries recognize what we call the centrality of ASEAN. It's ASEAN which calls a shot. And I would like to place on record countries like China and a few other countries. They have a lot of respect for ASEAN. So for that reason, you know, well, and the other, we have what we call the guiding principles. We started off by saying that the 16 countries are at different levels of development. So negotiations will have to recognize, very clearly stated, the different levels of economic development. So for that reason, we've been moving the last three years, 16 rounds of negotiations, another one coming next month at the official level. But we are committed, all of us. China is a very important player. India is a very important player. There are some challenges. But this is going to be, I mean, because TPP is dead, therefore, many of all of us are committed to ensure that RCEP becomes successful. And as I said, Eleni is Meshmatuni as well. It's not win-win. I mean, it's win-win is not, you know, it's not winner, yes, everything. I mean, the concept is balance, balance outcome. There's something for everyone. There's something for China, something for, and something for India. There's a spirit of, and indeed, not just RCEP. In any negotiation, we've got to satisfy every party that there's everything for everyone, in TPP as well, as well, for that matter. I'm going to take this opportunity now to throw questions over to the floor. Yes, we are also taking questions on Facebook Live, by the way, so if you wish to put your questions, for those of you who are watching this live streaming, we'd be very happy to take your questions in too. Yes, two gentlemen. The gentleman over here, yes, please. Pointing out of the... We'll just come and check the mic, yes. While we're doing that, I'd just like to point out that yes, jobs are really at the heart of all of this, and as Dean Kishore has pointed out, creative destruction, though, does get rid of jobs. Now we have the mic, we're working, yes. Of the many things we could blame Donald Trump for, the failure of TPP really isn't one of them. I think we all know that it was not going to pass the United States Senate. Before it was obvious he was going to be president, so you might take that into consideration. I also feel that you're talking past an issue, which is, to that point, this was not going to happen, and there was a reason it wasn't going to happen. The American populace did not support TPP, so it's fine to say, well, Asia will take its own path, but it would be interesting to hear you discuss, you're still going to have to deal with the United States. I don't think you can ignore the United States. Of course. You know, on that point, actually, more than the collapse of TPP, what concerns me is that U.S. may become very protectionist. If you think about China, traditionally it was an export-led growth. Yes, the current account surplus fell, but it's still closer to 3% of GDP. Korea has a large current account surplus and trade imbalance with the United States, Taiwan, Japan, and even other countries in Asia, in the global supply chain, increasingly providing inputs, raw materials, and or intermediate inputs that are then assembled in China and end up into the United States. So, one thing is for the TPP to collapse, but suppose that U.S. were to start a trade war with China, and it's not just with China, because if you think about countries that may be accused by the U.S. to be, unquote, currency manipulators, Taiwan and Korea run much larger trade imbalances with the U.S. and globally, and they're more actively than China. They're trying to prevent the currency from depreciating excessively, so it's not manipulating, by trying to prevent an appreciation, by preventing depreciation. But in the case of Korea, Taiwan would be more aggressive at times to prevent currency from appreciating. So, they may actually qualify for, unquote, currency manipulation more than China. So, suppose one in the world in which the U.S. becomes very protectionist, and goes after China, goes after Taiwan, goes after Korea, could go after Japan. There's a direct threat to economic growth in Asia, because whether you like it or not, the model of growth of Asia has been still impart driven by expert-led growth where the consumer of first and last resort was the United States. There is a lot of talk of rebalancing growth in China towards domestic demand, and within Asia, having inter-Asian trade, but we should not forget that the U.S. is a major market for China and for Asia, and if the U.S. is going to become protectionist, that's going to damage economic growth in Asia. One small point. Firstly, trade is very important, a very important level of growth, many decades, and based on that, therefore, there's a need for, I mean, there's a lot of rhetoric, and it's very scary to hear some of these negative vibes coming from U.S. and others. So, in my view, there's got to be open, transparent, constructive debate. The issue of balance of trade between U.S. and China has got to be discussed in the open. So, I would like to plead on behalf of countries around the world, dependent on trade. U.S. is important, China is important. There's been so much rhetoric throughout the world here in Davos. So, it is important for there to be constructive, open, transparent conversation on the way forward. And one platform could be WTO in Geneva, the World Trade Organization, which has been sidelined for, you know, for a number of years now. So, of course, some people, you know, are quite cynical about WTO, but anyway, we have to explore ways of, you know, promoting this constructive engagement between a few major countries. Otherwise, we're going to be deprived of this very important level of growth. I mean, trade, tension, competition is not good for the world. Could we start with David? I think on the U.S.-China relationship, I think both sides still recognize the importance of the relationship, especially on the Chinese side. The Chinese side, the president of China, always says that the U.S.-China relationship is the most important one. The most important one. China has been trying to set up a new type of large country relationship. The U.S. side has not been coming to the recognition of this saying, right? And also, I think it's easy to criticize Donald Trump from the U.S. side, especially among the well-educated participants of our World Economic Forum. But actually, two kinds of credits should be given to Trump. First, in China, many people recognize that Trump is like Deng Xiaoping 40 years ago. That is, we're recognizing that U.S. has to fix its own domestic issues before becoming a stronger international leader. I think in this regard, Trump, I think, is, should be given credits, right? America first, because without a strong domestic economy, without a strong stable U.S. society, how can you be an international leader, right? Second thing, I think we should give enough credit to Trump, is that he has chosen more or less pretty knowledgeable and experienced people in his cabinet so that I do not think these people surrounding Trump will actually wage a trade war against China, against Korea, against Taiwan. I don't think that's the case. There might be two Trumps, two presidents in the U.S., daytime president, right, which is very rational in the Oval Office, and then after 11 p.m., twittering. Tweetering. So let's be prepared. I'm more concerned about the daytime president, not the evening. On the advisors of Trump, I must say. A quick word from Niki Sean, then another question to the floor. Can I just say that you've given Trump the biggest compliment? I've heard anyone given Trump that he's like Deng Xiaoping. And frankly, Deng Xiaoping, my view, is the greatest leader of the 20th century because he did a fantastic job of lifting up China and eliminating poverty and making China an economic power. But I think I want to quickly come back to your question. I think you ask, fundamentally, the premise of your question is right, which is that what the United States does still matters. You cannot ignore the United States. And it's so big, so huge, so important. So the big question about the United States going forward after tomorrow after Trump takes office is whether or not policy will be made on purely populist sentiment or as David suggests in his response, policy will be made by a group of people doing some very intelligent, long-term, rational calculations which show that the stupidest thing the United States could do to have a trade war with Korea, with Japan, with others, it doesn't benefit the United States very clearly. So I hope, David, that the daytime Trump will trump the nighttime Trump. The young gentleman over there. Make one point on the economic advisers. Those on trade include the head of the White House Trade Council, Navarro, who has written a book, Death by China. He says protection as anybody can be. He has chosen a US trade representative as protectionist and has written extensively about the protectionism. And he has chosen Wilbur Ross for the Department of Commerce, who is a co-author of Navarro, who has also spoken about changing the economic relation and trading relation of US with China in a protectionist way. So unfortunately, the decisions and the choices on the trade issues are all on the protectionist side. You have to be realistic about it. And I know people who have serious and private conversation with Dr. Navarro, also a Harvard product, right? PhD from Harvard Economics, right? And I was told in private conversations, Navarro, it's very reasonable, very knowledgeable. Remember, he wrote the book for the general public, not for policy makers. So he's a nighttime editor. Exactly, Death by China. Can I just ask one thing that's always confused me when Donald Trump talks about protection and keeping jobs? Actually, America has one of the lowest unemployment for a long, long time, at 4%. So as a simpleton here, I'm not a Harvard economist. I like all these guys here. But I always wonder what jobs he's trying to bring back was that the economy is probably very strong right now. It's almost full employment. The tech field is America's leading it. America's leading innovation. It's Tesla's there, if you think about car industry. America's leading the revolution in driverless and electric cars. So it does confuse me about how he's so concerned about jobs being lost when America continues to innovate, continues to drive economies forward. And there's virtually full employment there. It's a structural issue, mainly three or four states. Michigan, Wisconsin, maybe Ohio, where some blue-collar workers lost their jobs. So I do expect that even in Trump will wage some kind of specific trade wars, such as furniture. He may claim furniture used to be made in Michigan. It used to work in Michigan. But now Chinese exports drove out a lot of work. So he may target furniture in a large scale. Furniture is no big deal for overall trade. So there might be high-profile, media-centric trade wars, but not for the real economy. OK, to the young man there in the audience. Hi. Hello. Hi, I'm Dikal. I'm a global shaper from the Manila Hub. I'm also the creator of a board game that allows people to experience what it's like to set up a business. My question is around, say, integration. It's been dominating the conversation in this panel also over the last three years. But one might argue over the last three years, on a grassroots and startup level, you don't feel tangible results. So my question is, what can we expect on a grassroots level and for startups? What are the benefits, et cetera? And when do you think it might happen? I have strong views on this. I think, actually, ASEAN is most integrated at the startup level in terms of applications. You have the Uber of ASEAN Grab Car, which is, you know, I mean, I go through nightmares at 11 o'clock at night trying to get rights and deal with politicians, et cetera. But in like four months, a Grab Car was there all over Southeast Asia. And I think you're seeing from the fintech world, you're seeing employment. Lots and lots of innovation that's coming from the Philippines, we just invested in one, in terms of the fintech industry and all the new IT industry is benefiting now from a 700 million market. And I think it's growing quickly, if I can say so, because there's very little government involvement and there's very little regulation. And so the innovation is growing really, really quickly. If we had less regulation in Asia, we'd be twice the size. So I do believe that there is. I think one thing that needs to be done is venture capital. I think there is not enough venture capital within ASEAN and an ASEAN pool of venture capital. But I think the younger generation have seen ASEAN and are developing applications that are pan ASEAN. We should be, you know, talking about positive things here to show on others. So let's forget about TPP for a moment. This is very exciting, the digital economy e-commerce. I'm looking at two perspectives. One is within ASEAN, another with external to ASEAN. External would be what's coming from China, the linkages, Alibaba and others. The other would be the Silicon Valley. So there's a lot of linkages between young, many women of ASEAN with Chinese and entrepreneurs in Silicon Valley. So there's a lot of opportunities there. So this is the linkages with the outside world, which is very dynamic and that's going to create a lot of jobs. Secondly, of course, as Tony mentioned, what's happening within ASEAN. A lot of people like you in Singapore, in Malaysia, in Indonesia, in many parts of ASEAN, Vietnam. So this is something that we should be working on. And that's going to be, of course, at the back of that all. These things, of course, is the dynamism of ASEAN. The 5% to 6% growth, the prospects. I mean, you want to have a good startup. There's got to be a conducive environment. And then we are going forward. There's going to be less and less regulations, hopefully, more conformity in terms of standards. So this is something very positive, as far as I'm concerned, coming from internal dynamics and also the linkages with the outside world. I think there's a chance for... I want to put the endos, what Tony and Minister Mustafa have just said about ASEAN. And I want to do it with a lot of enthusiasm because I'm coming out with a book on ASEAN in March. Is it a morning book or a night book? I've been like Tony, I'm a marketer. But seriously, I mean, the ASEAN story is one of the great untold success stories of our lifetimes. It's taken the Balkans of Asia and made it one of the most peaceful regions in the world. And when it was born in 1967, it was supposed to die after two years, it's going to celebrate its 50th anniversary this year. So the ASEAN story, I think, is very critical because quite often a lot of what happens in ASEAN is behind it, underneath the radar, because everybody's focused on China and on India. And people don't notice that there's actually another key player in Asia that is quietly making a huge difference, and that's ASEAN. Well, I'll take that point up as well. And that is... One really quick thing, I think this is ASEAN's chance on the digital economy. If you compare e-commerce and ASEAN is small compared to China and the US, mostly because of regulations. There isn't a single border. There isn't freedom of movement of goods. In China, you've got a billion people that you can move goods through. Similar for the fintech revolution in China and what we chat and Amt is doing, et cetera, is because it's one market. So this is what the ASEAN leaders, such as my minister here, have to really work fast to enable young entrepreneurs here to have access to that 700 million market so that if they set up an e-commerce in Philippines, someone in Thailand could get the goods the next day like they can in America or Europe. And that's a great opportunity for ASEAN to grab and to liberalise as much as possible so we can have the next Jeff Beos over here who we'll invest in in a few minutes. I hate to contradict Dean Kishore, but what about the argument that ASEAN, of course, is an incredible story. But nonetheless, it is much, much smaller than China and that while the Chinese are very patient and pleasant about ASEAN's role, we cannot run away from the fact that China is just so much considerably bigger and that together with India, they will dominate the Asian region. And when we say Asia, in fact, it's really very often just a shorthand for China. Well, actually, you know, the Chinese, of course, you're right, China is much bigger than ASEAN. I mean, it's over $10 trillion economy. ASEAN is two. Two times large. And ASEAN is about 2.5. So four times large. But the ASEAN GNP, by the way, is as big as India. In fact, bigger than India. So it's not small in that sense. But you see, the ASEAN role must be understood is it's not trying to counterbalance China or not trying to counterbalance India. Instead, ASEAN provides a very critical platform, a geopolitical platform, which enables all the Asian powers, which have their own bilateral problems with each other. And sometimes, as you know, there's a lot of discomfort in the relationship within China and Japan. But the one place where the Chinese leaders and Japanese leaders talk comfortably to each other is when they come to an ASEAN meeting. So ASEAN has played a critical, catalytic role in bringing together Asia. And I also believe that when the final history is written about the miraculous peaceful rise of China, one key player in the miraculous peaceful rise of China has been ASEAN. ASEAN has in a sense created a sort of enabling regional environment or cooperation of harmony and is that enabling a regional environment that has also facilitated China's growth. So I think that's why China actually appreciates ASEAN. A great deal, and if you look, for example, at China, ASEAN trade and links is going like this, by the way. You look at the charts. 20 years ago, China already began. Actually, 25 years ago, China began to work with ASEAN. Actually, China proposed to speed up the negotiation of free trade just because of the early harvest program. I've just heard a question that's come in from our Facebook Live feed, and I'll throw this question, in fact, not to my panel, but to all of you. Is China the new global leader? How many of you think that China is the new global leader? And not just because of President Xi's speech a few days ago. Is China the new global leader? Okay, a bit more wary here. I see Prof Rubini, no, Tony says no, and very, very few of you actually put up your hands. So we can even go into who then really still is the new global even, whether it really is the United States. All right, so China is not the new global leader. Prof Rubini, why is it that China's not the new global leader? Well, I think we are moving to a multipolar world in which, of course, you have traditional powers like the United States, Europe, if they can stick together, and you have rising economic, trading, financial, and also geopolitical powers like China, like India, and so on and so on. Question is whether Russia is a declining or rising power. So in that sense, I believe there is a multipolar world and we have to recognize it and accept it. Even it creates complicated problems of cooperation. I wouldn't yet call China the leader of the world. US is still the largest economy world. It's very powerful in many dimensions, but we're moving to a world in which you have many great powers, and these great powers either they work together and collaborate and cooperate together, or otherwise there's gonna be increasing frictions and conflicts on trade, on currency, on economic and financial, and eventually there is also sources of potential geopolitical conflict among great powers as well. So that's my caveat of calling China the leader. It's not the leader. It's one of the rising great powers in the world. Let me try to be different from my good friend from the US. I think the word leader, when we say it, is very much already influenced by the image of Western leaders, especially the US. So by leader, automatically we, in our mind, we have the image of a country being very forceful, being very powerful, being very aggressive, being very outspoken, right? But that's not the style of China's leadership. China will feature a new kind of leadership that is lead by your action, rather than by words. Word, in Confucianism there's a saying that a gentleman should be effective or fast in action, should be relatively slow in wording, in saying things. So China has been caught upon by friends all over the world, for example, to come to the World Economic Forum in Davos.  Likewise, G20, G20 summits, right? China waited for, I think, 12 years, becoming before hosting last year's G20 summit. So the idea of China's leadership is to do things, take actions, before speaking up such a new kind of leadership. Just to put up on that, two ways of looking at this, one is looking at the facts and numbers, another is whether you have the will, whether you're willing to assume this leadership role. Facts and numbers, very clear, US is big, China is going up, and one day China will be number one, if nothing, I mean, if this progression goes on. So that's one we're looking at. China is not there yet, numbers and facts, and the other would be whether China is willing, and as David mentioned, perhaps, that's the Chinese approach, and China is not yet aggressive, but finally, there's a vacuum now. So I think one has got to go to next set, facts, America, yes, and China number two, whether China is willing to assume that position probably not yet, but I think, in my view, there's a vacuum, and there's every possibility that, you know, well, America will be less important and China will be even more prominent going ahead. I'm going to agree with Minister Mustafa and try and take a middle path very bravely between China and America. And it's just, I agree with you, David, that the Chinese style of leadership will of course be very different from the American style of leadership. There's absolutely no doubt, and the world's got to get used to it, and I also agree with you, Nurell, there will be a multi-polar world, but at the same time, you emphasise a very key point today. China is the number one exporter, number one importer. So China therefore has a greater vested interest in keeping the global system alive and strong than any other country in the world. So, and a global system doesn't just rest on its own, it does require maintenance and requires development. So America, and to some extent Europe used to do the job, but if America and Europe backtrack away from global leadership, China actually would have no choice but to try and do something more to preserve the global system of which China is the biggest beneficiary today. And I think one plea I make to Beijing is that, while of course you want to do things in a very Chinese style, sometimes global developments don't happen at that pace. Sometimes global developments will happen very fast. And so if China doesn't take pre-emptive actions sometimes, it is possible that the global system will be so damaged that you won't be able to repair it. So China should prepare itself to take on, as Klaus Schwab says, responsive and responsible leadership. Well, I think that Dean Tishor is touching on a very important point about the differences perhaps culturally that there are between how we even use words, how we even view things. If you look at the term globalisation, I don't think that, so to say, we in Asia, if there is such a thing as a we in Asia, we use globalisation the way it's used in the United States. Foreign direct investment in Asia is seen as something very positive, perhaps not quite so much in the United States or even in Europe, where it's seen as something of a national sovereignty question. So I'm going to throw this open now to the floor again and see what other questions we have. Yes, the gentleman over there. Amri Moussa. Thank you very much. I'm Amri Moussa from Egypt. The issue of leadership that is an issue debated everywhere nowadays, what about China and the role of America, et cetera. In a panel like that, you are very much concerned with trade and markets, but this is not the leadership. The leader of the world have so many other elements of soft power. The books we read, the films we watch, the language we speak, the lifestyle. So China, in order to assume the leadership in the world, I believe it should not just depend on the economy and the trade. That's fine, of course, it is very important. But the rest, the other elements that brings the respect of societies to a certain policy, a certain leader and so on. But I hope that when China comes to the place of leadership, China should avoid the mistakes of the current leader that really led to a lot of anger and frustration around the world. Well, I think that Wang Tianlin from the Wanda Group would agree with you. He believes in making Chinese movies and exporting them. So soft power, perhaps again, back to this idea of how we actually use these words and whether the concepts are the same here for us in Asia, as well as in Europe or in America. Lin, basically it's a cultural issue, a cultural issue. Yes, soft power is not built overnight. Soft power, rather, is built gradually. And as we speak, actually, China is now gradually trying to project, maybe it's too strong a word, project its influence in the rest of the world. For example, Hollywood. Nowadays, most producers in Hollywood are trying to get not only Chinese investors, but also some Chinese elements in the screenplay. The reason is very simple because very soon, I think 2017, China will become the largest market of movies. Likewise, in sports, same thing. In sports, China's soccer, even the national team is very lousy. The market of soccer in China is huge. So Chinese soccer teams, professional soccer teams, are beating away the top players from Europe, right? From Latin America. So the internal sports market is becoming huge and huge. So before long, you will see that many sports stars would have to learn some Chinese language, would have to learn some Chinese culture in order for them to have a bigger market value. So these are examples of gradual building up of soft power. Now the good thing is the Chinese leaders. I think, overall, Chinese intelligentsia are not eager, are not impatient. They are very patient. Let things flow, let things flow, right? Let things follow its own logic rather than push it. I can only say this. The 350 million people in America and 1.3 billion in China, the 350 million has got a disproportionate influence on our culture, Hollywood and all. And going forward, David made reference to this. The 1.3 billion people will assume greater importance going forward. We firmly believe in that. So they'll be closing in a gap. Now it's very much American dominated in terms of culture or Hollywood. But going forward, slowly but surely, probably slowly, the time will come, the 1.3 billion will exert more influence in this sphere of soft power that you just mentioned. Tony. I just wonder whether we're going to a new era where there isn't one global superpower, which I don't think is a bad thing. I think that if there are more equality across the markets, more champions across the market, I think the world will be a better place. I think in any relationship, if one is more powerful than the other, it leads to unequilibrium, a non-equilibrium. So I don't think it's a bad thing. But I do also think leadership, I completely agree here, is not just about economics. It's about many, many parts, including corporate governance, political thoughts, et cetera. So I think there's lots and lots to do. But I think we're reaching an area where maybe the world is going to be more equal all around. And we haven't talked about Africa, which I think is developing very, very fast. And so there's a new growth engine for the world that's coming through. And yesterday, I was listening to the Pakistani Prime Minister and how that economy is growing tremendously. So there's lots of growth engines. And I think it's not a bad thing if there's no one leader and that we have a few major forces. Thank you. No, I completely agree with Tony. I actually believe, by the way, number one, you cannot stop a multi-polar world from coming. It's coming because a shift of power is happening. And number two, I also agree that a multi-polar world is better. And I think it's better to have constraints on a single superpower. And actually, it's also in the United States interest to be constrained. But at the same time, if you've been the number one superpower for so long, it's actually very difficult to learn to share power. And like me, since the topic is about can Asia takes the lead, the topic of our seminar. I mean, if you want to give Asia a chance to give leadership to the world, you've got to get rid of this absurd rule that we still have, that to become the head of the IMF, you must be European. To become the head of the World Bank, you must be American. And 3.5 billion Asians don't qualify to become the head of IMF or head of World Bank. And this has been carrying on since World War II. And even though the G20 meeting in London in 2009 promised that from now on, the leaders of IMF and World Bank will be selected on merit and not nationality, that was eight years ago. Nothing has changed. So that's the one concrete psychological step that America and Europe have to take. And to ask themselves, how do we share power with Asians and also give them a chance to exercise leadership in the world? Now that in the US, we have a president, we will have a president very soon, who was a property developer, right? So there's a chance to make a deal, move the property of the IMF and the World Bank to Beijing. It would be the better one, come to Beijing. Let's make a deal. Well, the AIIB, the Asian Investment Infrastructure Bank, is China's work around that problem with the IMF, isn't it? It's a way of getting around that difficulty of not being able to have an Asian at the top of the IMF. Well, the AIIB, in my view, is a very difficult question. The AIIB, in my view, is a nice experiment for China to try to build an international organization. So indeed, the AIIB is not Chinese. It's multinational. It's a 65-country member, right? Possibly US under Donald Trump may join the AIIB, possibly, possibly. So this is an experiment. Well, my fear is that the US is going to become a more unilateralist and, believe less, in multilateral institutions. So it might as well give the head of the IMF of the World Bank to an Asian by saying, we don't care about them. We don't care about the UN. We don't care about the WTO. We don't care about anything. And as we know, these institutions have provided a way of leading to greater integration, greater globalization, global governance with all the complexities of it. And if the US is going to move to America first, strict national interests, unilateralism, rather than multilateralism, and isolationism, rather than who's ahead in this organization, the question is whether the global economic system that has been built for the last 70 years have led to pieces of prosperity is going to be shaken to its core. And that's a significant risk that we have to worry about. So there are good prospects for Asia. It's given the leadership of IMF World Bank and other places, UN, in your view. That's good for Asia. So Asia is going to be a leader in the next few years of those institutions. Can I think that's with anybody? I say it won't happen. Yes. Let's get down to this, yes, in the real way. Let's take bets. Those of you who think that what sort of period, Dean Kishore, shall we give, in the next five years, we'll actually see an Asian at the head of the International Monetary Fund. No insult meant, of course, to Madam Lagarde. No chance in the next five years. Anyone who actually believes that we would see an Asian at the head of the IMF in the next five years? I see that only David Lee is optimistic in that direction. Everyone else, including myself, is somewhat more skeptical, sir. Why do you have this rather strange hope or rather unlikely hope? Yeah, I think the IMF is different from the World Bank. The IMF has been traditionally very much influenced by Europeans. And the Europeans, I think, are more willing to do reforms. Look at the reform of tool 2011 of the quarter. The Europeans were supporting it. So the IMF reforms actually would be easier than the World Bank. The World Bank is more American. So the IMF managing director next to one, the Asian, I am optimistic. Well, I'm terribly sorry we've gone back to hacking at the Americans. I'm now going to wind up the session. You've all been most excellent. Can I just take the poll one more time? I know that the panel will not have changed their minds, but I wonder if any of you, having listened to what they have to say, have changed your minds. How many of you think that now is the time for Asia to take the global economic lead? And perhaps a trifle more than at the beginning of this panel. I'm going to wind off now with a quote from Deng Xiaoping. He said, keep cool and maintain a low profile. Never take the lead, but plan to do big things. Ladies and gentlemen, thank you very much for attending this panel.


Alright guys, day number two has started!  We're going to set up for some big togue today, we're after that double digit togue this trip, we're also going to try to catch some salmon, I've never caught a salmon on a jig rod, it's been a few years since I've caught a landlocked salmon anyway, so I'll probably set one trap for salmon, put three lines for togue and then jig with my fifth line, you're allowed five lines in Maine. The vibe going around everybody is we're going for a double digit togue, something huge. So we're set with big suckers, dead bait, mangled bait right on the bottom. We're in Custolite right here, ho, let's set this thing up tonight, I guess now's a good a time as any, morning, morning guys, good on firewood right now, yeah I should be good, yeah, we got, I got a 20 bushel exact to combat, we got 10 more crates for it, this is full, we got 20, can I grab the right trap, I was hoping I grab the same one so it was the same bottom line, oh yeah, how about that right there, isn't that nice, how was it right in, fantastic, good, the rod's all good now, the rod's with excellent this morning, good, geez Bob you're setting off a close to me ain't you, yeah I'm going to cut your off, that's a cool looking morning ain't it, I told you there weren't be no headlights come up late for us didn't I, no you're right I saw those headlights a long ways off, I run down that there's a big wet hole off Mayberry, it's like slosh, yeah, uh oh, nothing you get stuck in but, I can, double digit they're in here we're looking for, what are we looking for, 10, 12, 10 plus, 13, that's my goal, Brandon caught a 13 last week, 12, 9, 5 last week yeah, 12, 9, 5 I wouldn't even count it if it wasn't 13, yeah, gotta have one bigger now, it's felt they're here like crazy, there's two pods of smelt right here, oh do you wrap you wrapped around the freaking thing, he must have been flying them, did it hook them, I think so Joe, that felt heavy, you got one on, working on it, it all starts with one, good one, big holler all drop, nice one, number one Joe, all right buddy, that's awesome, did you see me stand up I was like are you kidding me, I didn't even get my third trap in the hole, no, this hole right here is gonna swallow it right, you need a thing, it might be, green crooked flag, that's the thing you get one lucky trap and man I know the feeling, four of these jacks right here I bought in 2000 and 2006 I was working down in Philadelphia as I'm way home I stopped at Curie train club about five, used to travel a lot I never got home very much, first pretty much the first ten years, nine ten years I was out of I was out of school I did nothing but travel, now they have a family and stuff I just said the hell with it, traveling's fine until it's not, oh I made so much money and blew it all, I can't say it blew it all, you know what I mean I have, I have a lot but, what were you doing, when I first get out of high school I get on the lobster boat and then get done like in December and then January 1st I've always I've always done quite a bit of welding, my father had a bad truck my whole life so I knew what I was doing you know what I mean, I was working down home at a power plant I got laid off, my father called one of the drive one outfits that he used to, he used to, big bait headed down, yeah just kind of give him something to chew on squash that back end up usually keeps him from sucking your flag off, make some wiggle a little bit, small hook but I don't mean that, you know 15 pound will be on the end of that one next time we see Joe, I love it, lucky trap and everything, so anyway so I worked for a boiler company we'd go to Philly and work for a week then we'd be, we'd be in New Jersey for a week, being Connecticut for a week, we might be in Florida for a month, up Michigan for a month, Chicago, Tulsa, Oklahoma where I work, I worked in every state east of Mississippi before I was probably 21, good for you, oh I'd make my first time a lobster and it weren't it weren't like it used to be you know what I mean you'd make pretty good money and then you'd have to do something else you know and then we had a few good years lobster and I got lazy and I stopped traveling, I had kids you know what I mean, it was fun, you guys catch them down east a lot better than my buddies do at mid-ghost, I pushed my uncle for 14 years since I got out of high school I took one season off I was working down you ever been in Newport Rhode Island, you know the Powell bridge, the giant bridge that goes from Newport, we painted it, no way really, I've been hanging all over that bridge, yeah we painted it, it was $65 an hour dude, we we lived it on the military base and over that base over there in Middletown yeah, yeah, yeah I know right where you're talking, it's just like we're still on it we rented a four bedroom apartment, there's five of us that lived in it, one neat bedroom and I had an air mattress, of course, we live there for, well I went to Westfield Mass Juicents, I don't know if you know where the Westfield River is but that's a solid full of rainbows, we used to catch them, we'd watch a stocking truck come down, we'd be working on the bridge and that stocking truck would leave, we'd run down there, get our fishing poles and peel them nice oh dude that thing, look at that, oh my god, that's a big sucker, go on look, what happened there, dude a fish just ripped it, he still got it you better let him eat that one huh, oh yeah I gotta let him go, he's looking he's a hundred feet past the line, bottom marker right now, what the heck, that must come out of your pocket see there, oh yeah, it took bait and all, no, oh man, well he's gonna be a little bigger just ripped a 14 inch sucker right out of my hand didn't it, yeah, unreal, so what do you do, drill that as you were setting it look, padded my line off, no, oh man, that's even worse, now you got a hook out I think it's fighting, oh is that a big fish, fighting, nice fish, nice fish, 5 pounder, wrap, nice one, nice fish look how tacky it is, he's darker than usual, healthy, all of them are super fast that's what he said, crazy fish, yeah, I think there's a lot of smelts in here nice one, that one's about dark in the pocket isn't it, yeah that's pretty fish, that's over 24 it's almost a chamberlain lake here, nice, he's on the board, he felt good and I fetched him out, yeah well he's all wrapped up, well that's number two for the day guys, we got a long way to get to 25 boy some of these, some of these dubs ain't even set the trap yet, I ain't even got mine in yet I'm thinking lucky that thing goes off, my sounder's sitting on bottom I watched that one go up, oh yeah, see it, I watched it, oh I got a flash, no I watched it go up that thing's making power, oh yeah, you see that, it's making power, yeah, we're like an extension cord oh, he stopped, let's see what happens, see what happens, boiling wasn't it, yeah doing the same thing when I got up to it, anyone coming? you there? that fish was just holding it, that fish just came back after it because he just got the tug going drop him? we'll take it before we get it reset, he was up high when he took it too early, yeah telling right now that fish took it again, he was following the blood trail me and Kyle were jigging right in that hole the other day and I marked a toke and he wasn't biting so I see if he'd chase me up, he'd chase me up 10 feet and he'd figure out and he'd chase me up another 10 feet and he'd figure out and then we got to the point where he followed it up like 5 feet and Kyle was looking down the hole watching the fish swim around, I never caught the fish isn't that amazing, you figure you get them up off the bottom there as good as Kyle as soon as they chase you're like yep game over, he's gonna bite some of these lakes with so many toads, they don't do it if it's flashing like that to us, that's gotta be flashing to them pretty intensely every time I put this Clio down I've always had that there's fish right there coming out, at it right in the background yeah I see it, he's on it right? was that just a silver Clio or is it painted? it's not actually, oh here he comes jeez, there's two there oh no that was just silk there you go, got him, got him that's awesome, I love that camera feels nice but I know what it is still pretty awesome two and a half pound toad I love that that's so much freaking fun I caught one 8 pounds at the East Grand once on the jig stick it's my biggest too, 7.15, that was something wow that's awesome on a jig stick there you go there you go send them alright, who's up? what you working on in here fellas? I don't know, doesn't know what you're looking for we eating moose? oh something something where did this moose come from? zone 28 nice back yard who got this moose on? I got the moose we was on moose head, headed for northeast Cary and he got a text message said you just got drawn nice the day of the drawing that's a good feeling isn't it? rough night on the lake and then so we went up to moose head knowing I got drawn again, started putting cameras out all summer found some really nice bulls got permission on Moral Wister's land to hunt and put a couple cameras in there and it was just stove up every day it was more tracks so we hunted in there so I hauled Monday morning, hunted Monday night hauled Tuesday morning hunted Tuesday night and I had all Wednesday to hunt and I got some pictures that night on my cell camera of a bull in there all alone that was perfect, that's where we're going first thing so we didn't dare drive in the road till it was legal shoot cause you could see a moose anyway and I was sitting there waiting for the guys cause they stayed at camp and I stayed at the house that night met him at the mouth of the road my brother got in cause he was my subcommittee he was driving, I got in the passenger seat we arrived then and come around the corner and I looked up and there was just there was a whole herd of moose running up over this cot and I was like whoa stop and I got out didn't even put my clip in at first got out, popped my scope caps looked and I said cow, cow man that looks like decent bulls so I turned my scope up more I said oh yeah, put a bullet in jacked it probably, I think we pasted it was like 160 paces and he was trotting up across there boom and he hunched up it was like, it was so far away you fired, then you heard I was like oh yeah, perfect I jacked another one in, fired right before he went out of sight and I saw he kept going I was fumbling around in the truck trying to find more shells you know, I just couldn't find nothing got the clip loaded up, started walking up across the cot and I was like man he was standing right here and I got looking at the grass it was just tall, brown grass like can of spray paint just spraying it, said well he's going to be here somewhere my father looked up and said how about that one laying right there, walked up to it it was a nice 42 inch bull not lucky, nice 750, 800, I was 7, 730 nice, perfect, good eater he's been good so far, ain't bad this morning no, pretty good right now, yeah fantastic yeah I seen it twirl it, it just went out look look I've seen it go a half dozen times you know, before he was just badmouthing this camera I was, you were? I was, I said I don't know about these two it's nothing, they haven't done nothing what are you going to do with this crap he's either guy or he don't I'd say huh I think there's a lot of line missing on this sure looks like it wasn't this one I'm just going to record, make sure he's set definitely fish on that oh yeah, he's way over he come back on it holy cow he's getting bigger bottom one oh nice one oh you broke I ripped it right out of his lip that's probably the biggest of the day another dark one out here nice one pretty fish is that the biggest one you've ever caught? cool so the tog bite has kind of slowed down for today, it's a lot slower than it was yesterday, we got an east wind blowing and I don't know if you guys hear this much but where I grew up, if the wind blows from the east, the fish bite the least wind blows from the west fish bite the best so it's usually a tough day of fishing when you got a good hired east wind we got 15, 17 mile an hour east wind blowing on us so you notice the tog are negative we're not getting hooks into them they're not really eating, they're kind of tripping some flags but not really taking it what we're gonna do is move some of these traps in, probably take two or three Brandon and I will take two or three in maybe even four and set them up for salmon so we're gonna move some in for landlock salmon see if we can catch a couple good ones set some salmon sets in on the beach looking for some shoal water 10, 12 feet or less pretty deep shoal line here hoping for a catch a couple afternoon salmon small hook, well it's a great salmon fishery all the fish look great in this lake right now a lot of salmon here they're nice fish they really are how come we've been fishing for tog? we always look for the bigger fish but you can put a lot more numbers on the board fishing in shoal but don't count a lake or out either in this shoal water, I've caught them 5, 6, 7 feet of water before just underneath the ice no, fish fish are chasing the smelts up underneath the ice like this one right here my split shot is just clear in the ice probably 24 inches underneath the ice with these salmon here, watch out they really spool on line, real rocky bottom here they wrap you up a lot but uh see what happens too much for our shallow, oh that don't feel good no I noticed that rock? oh yeah heavy there's a chance oh come out with salmon on there I freaked your bottom marker out no there was no bottom marker oh sorry nice salmon yes there are wow that's a pretty fish cool look at that salmon 4 or 5 year old that double cleft right there, he's got a little little sky right there pretty any interest? yeah probably, you guys don't mind keeping a couple no we don't it's a great eater I got a guy, an old guy who loves to smoke them I'll give him the old Chuck Norris job he dead he gone if I catch this fish thanks Brandon look at that salmon what a beauty nice salmon look at the size of that nice landlock salmon there, how fat he is that clip fan I guess Colin was saying that fish has been in this lake 4 years now but that's another nice one nice landlocker right there bud sorry Brandon for doing you dirty like that but I couldn't get you guys out of the shack and the line had wrapped around your post like 10 times and was not going anywhere so that fish needed to get reeled in look at that salmon that was in the jig hole unreal oh my god I was just about to switch lures so I reeled my jig up into the hole like this far down under the hole and this little salmon came and whacked it let's get him back in that was awesome I don't think that counts as my first jig salmon when you're not holding the rod we go to Abbey's for lunch out there in Ohio me and Jesse and dad and Bobby so we pull into Abbey's and we eat at lunch and we leave we dump our trays out and we leave we're almost back to the camp and dad goes away or something and dad says left my glasses there I said dad you probably didn't even have them when you come here nope telling you right now I've seen a deer on the back end of the field I have my glasses on the right over here you better check back at camp so we were back at camp I'm telling you right now I'm pretty sure they were right on my tray and I dumped them right in the trash Jesse's like get in the truck just backing in oh no that's like there goes my glasses right in that trash so he runs through the door and there's about 10 people in line and he cuts them all excuse me deer can I look through that trash and she was just tying a trash bag out to take out the trash truck the lady's like what can you what I need to look through that trash bag sir I can't let you dig through the trash he's like no I'm telling you I'm pretty sure I dumped my glasses right in that trash bag so I'll get them for you so she opens up the trash bag yup right there mayonnaise, mustard dad slides them right on yup you might as well have killed me if I had lost them very fast so he's like I'll wipe them off sir no I don't even care I'm just a half cat he's just tying his feet on look at all the line going off oh yeah you know how his pools are he's going on here for beef this was half a sucker I didn't feel he's right off that's what this guy he don't know a thing he even had to borrow my sounder for great sake some fisherman will you ever get it back? probably not how many sounders do you guys start the year with well I usually start with 3 I lost my first one yesterday down the hole and I end up giving them to Brandon so I end up with none I never lose them but I buy about 12 sounders by the end of the year I don't have a lot I find them in the track just change direction there's something going on yet there's more than bait down there you get as much tension as you almost want to set the hook and it's just like not there you know what I mean are you still fighting that same fish? good one Brandon I don't like to talk up to her I don't think it's no donkey but it could be an obu don't worry you've had a good enough lull after that come check these guys out I've been the same over here I've been out and done with it right about 1-6 pounder on salmon set not the one I can really add it's one decent salmon this one stuck out it's a big one that's not a big one I can tell you that right now 30 Laker that's it nice one nice good one that's all right I'll donate him to West Grand thank you buddy just like that huh where's your granddad got some Lewiston Lobsters cooking that's right Lewiston Lobsters Lewiston Lobsters they're way more expensive than Lobsters he was rolling it was, it was just off peeling good and it hit it hard because it's wide open oh yeah peeling it started again it stopped for a long time it stopped for the whole time you've been coming in it just took off again he's gone somewhere well there you guys want to eat one that's a nice weighty isn't it he ain't gonna make it double shine on that thing Tuck I'm not sure whatever it's just right there it smells double two shiners that size right there nice that's a fat whitey calling yeah it is, he ain't gonna make it nah we gotta keep that cruising the ice heavy isn't it nice who caught it? me well I was just gonna move the trap to a better spot feels big for being a long ways away calling big head nod this fish is 150 out right now heavy dead weight looks heavy coming at me pretty good felt some sweat oh oh yeah coming off fast right now but I think I got a bottom block can't remember I don't think it's no 10 pounder unless I'm just a lakeer another one on the ice you know as I get my bait I don't I got a pair of pliers nice one well we're about to lose one guy so Colin's heading out we're gonna see you again this trip oh yeah I'll be back tomorrow stay the night tomorrow awesome so we'll see him tomorrow he nubs some pretty good fish today right yeah I got four ended up with four not a bad day nice so he's got some stuff he's got tendon too right had a lot worse down to town and he'll be back good day fishing right early oh yeah always a good day on the grand yep I'd say it might have been a tough bite today but jeez we still ice 15 plus oh yeah I think mine was 16 wasn't it seems slow but 16 or 17 really not that bad we can't really complain in other groups we talk who said three oh yeah see ya we're shifting over for a giant right that's right try some new bottom tomorrow maybe some burbot tonight see what happens nice so we're moving six more for 25 tonight and we're moving all the shacks and all the gear moving all the shacks moving all the gear about probably three quarters of a mile to a mile not bad you guys are animals in search of cusk nuggets cusk nuggets I love it you get hurt you alright what happened you got a Peter Griffin knee yeah would it help if I hey would it help if I sat on it with you it would hold on I'll sit over again give me five 15 high five or low there's more snow just take it down to that fair right made the move we are in a different part of the lake now got set up for cusk I got five lines out Cameron's got one line that's all he needs he's been hot out here back again welcome back Bob we got the reinforcements here didn't take me too long did it I thought I was coming back tomorrow but I just couldn't resist nice that's a big thing that's alright I was gonna say Brandon just used to cut potatoes and onions and everything out so what are we working on for dinner here fellas we're gonna have four cheeseburgers with some pepper jack cheese some fried up potatoes and onions gals all man I think it's definitely gonna fill the void don't you alright guys that is the end of day two absolutely great day we ended up with 19 fish still got maybe an hour left of the day it's pretty late I got some cusk lines still out if you don't hear back from me we didn't catch any cusk we haven't had a flag yet since we moved over here and switched over to cusk fishing at night he's in the rocks too you can feel this guy moving feels pretty good unless he's still wrapped on a old cusk alright look at this nice big ol fat bourbet boys are finally gonna get some cusk nuggets I'm gonna show them what the best fish in Maine tastes like cusk all in all absolute great day that was what we call the west grand slam now it's a salmon lake trout white fish and cusk all keeper size all good fish and just had an awesome day really looking forward to tomorrow might push a little harder on the salmon try to shoot a slamming salmon episode and we'll also have a couple sets out for a giant toad too cus how could you resist a fish of a lifetime and they are in this lake thanks for tuning in guys tune in tomorrow for even more action than today I hope we'll see look at that one that's got some length what you chewing on there


Yeah, so I'm Lieutenant Colonel Andrew Gray, call sign light, and I'm the current squadron commander of the 71st Fighter Squadron, the Ironman. Yeah, today, if you see behind me, Tail 29, this is the new flagship of the 71st Fighter Squadron. We're in the process of bringing 30 F-22s that used to be in the training mission down in Florida, and we're moving that mission up here to Langley Air Force Base. So so far, we've brought up a total of seven airplanes, including the two we brought in today, which is Tail 28, and then Tail 29, which is going to be our flagship, representing the 71st Fighter Squadron and 71st Fighter Generation Squadron. Yeah. You're good. You can talk about the jet, let's just not talk about the exact number. All right. So we'll do that question one more time. Okay, so don't say the total numbers of airplanes coming up. No, sir. Do you want the tell numbers, or no? No, you're going to say it's the flagship. Okay, sounds good. Thank you. Yes, sir. Yeah, great. You see behind us, actually, this is the flagship for the 71st Fighter Squadron and also the 71st Fighter Generation Squadron. We're in the process of moving the F-22 fighter training mission from the Panhandle of Florida up here to Langley Air Force Base here in Virginia. Yeah, the mission, the fighter training unit designation is we train all pilots that come from pilot training, and we teach them how to employ the F-22 in a combat role. We teach them how to take off and land and fly instrument approaches and procedures, and that's really about their first five or six flights in the airplane. After that, we teach them how to dogfight in 1v1 scenarios, and then we move it up from there to 2v1, 2v2, 2vMany, and then up into four-ship, four-verse-many scenarios. After we're done training these pilots, they become F-22 Raptor drivers. We send them on out to the combat air force units that are stationed around the United States Air Force. Yeah, so bringing the F-22 mission up from Florida here to Langley, it actually helps the community because we already had two combat squadrons here, and so now we're bringing a third F-22 mission here to this base, and we get to maximize the efficiency of having our maintenance operations spread across three different squadrons. That includes all of our low-observable work that needs to be done on this platform being a fifth-generation stealth fighter, and it also maximizes on utilization of a supply chain in one location instead of leaving one of these squadrons on its own down in Florida. Yeah, so really the movement of bringing this mission up here all really goes back to Hurricane Michael, which ended up devastating the Panhandle of Florida back in 2018, and at that time we had a combat squadron, the 95th fighter squadron, which has since closed its doors and will reopen itself as an F-35 unit here in the near term, but that base basically had a major catastrophe, and so we distributed the airplanes that were at that facility and we put them around the Air Force, and now this is the culmination of bringing the F-22 mission up here that's been in waiting for multiple years as we've been prepping all of the military construction needs that have been on order, and also moving the personnel and the hardware and the airplanes up here. Yeah, move it wherever you need to. Yeah. There's one that's landing as well right now, there's another jet short final. Do you want to try another question before the next one gets in? How's that sound, Sergeant Tinsley? Is it good? Okay. I can talk louder if you need me to. Okay. How are those pistachios? All right, ready to go? Cool. Yeah, so today's kind of, I wouldn't say it's the culmination, but it's the beginning and the continuance of bringing all of the maintainers and the jets up for the fighter training mission for the F-22 from Florida. This really spawned, a couple years ago, the decision was made right after Hurricane Michael devastated the Gulf Coast of Florida and primarily Tindall Air Force Base. The decision was made to move the fighter training mission for the F-22 up to Langley, and we've been working on this with military construction, jet transfers, and personnel moves as well. So today we brought the flagship up here for the 71st Fighter Squadron and the Fighter Generation Squadron, and we'll continue to bring the rest of the fleet and the maintenance personnel up here over the next coming months. Next steps, actually, next Monday we start flying the next iteration of the basic course. So that is the students that finished pilot training and became pilots, got their wings? I'm sorry, wings. Okay, perfect. No, we can start that over. That was good. Yeah. So what's the next step? The next step is, as we are approaching what we call our initial operational capability, we're going to start the next coming weeks flying the first of our basic course students. So the ones that just got their wings from pilot training, and we're going to teach them how to fly here, and that is, like I said, in the next coming weeks, we have already started training a few transition pilots, so pilots that have flown other fighters, and we're now just training them to be F-22 fighter pilots. We've done a few of those here, but the basic course is really the foundation of what we do as a mission here, and our next class is coming up really soon. I don't know. I think it's, I don't think it's everything. You get to camera home the overall raptor readiness that you'll have Okay. Now that we're up and running and actually being able to. That's great. Okay. The one thing I would add is, as we are closing the 43rd fighter squad down in Florida, the mission down there of the F-22, starting the 71st here, it will actually help the readiness for our entire fleet here at Langley, because we're bringing more manpower, more airplanes, while that is more of a potential burden on the base, it actually helps us to be more efficient across the F-22 community, and our maintenance, our logistics, and our readiness training pilots, both in the combat squadrons and in the training squadron, are able to be optimized by this move. Amazing. All right. Anything else? That's it. Cool. Here you go. Sir, thank you so much.


How far out to fractures actually propagate when fracking a well? How far out to fractures typically propagate from a well is a subject of ongoing debate in the state of Pennsylvania and across the nation. The issue largely is that the operator anticipates that fractures propagate outward on average somewhere on the order of three to four hundred feet, and so they'll space their laterals eight hundred feet apart, maybe a thousand feet apart, assuming that the average propagation distance is up to five hundred feet. There are exceptions to the rule in which fractures have been known to propagate outward as much as five thousand feet from the from the well bore. And this creates a bit of a problem if you're a landowner that has not leased and thinks that you want to protect your mineral rights. The reality is that industry cannot control the distance that fractures propagate outward, and it is likely that in some instances at least property boundaries are crossed by these fractures. Least boundaries are crossed by these fractures, and this is a subject of an ongoing court issue right now.


Derek, you only had 19 carries tonight. You feel like that you were getting in a pretty good rhythm and before the game got out of hand. And would you like to have been able to carry the ball more and be a little bit more of a factor? Definitely would like, of course, to be in the better position to give ourselves a chance to win a game that is played better than us in all three phases. And hats off to them. We just got to take a couple of days off and then get back to work. No excuses, just we have to be better as a team. We know that and make some mistakes and be better this week coming up. Bob? Yeah, Derek, how do you approach the next couple of days given that you guys have a mini buy and understanding that these next two are of particular importance between Baltimore and Indy again? Yeah, I think, you know, thank you guys just get their body back on them, time to rest, watch them film, and just really just relax until we got to get back on Monday and get back to work. But this is some definitely stings. I got to tell you we're a better team today. A lot of things we can learn from and improve on. We just have to be better. Gentry? Yeah, Derek, I mean, you guys, record-wiser and a lot better shape this year than you were this time last year. But can you take some lessons from how you guys were able to improve last year? I mean, what needs to kind of happen to match that, I guess? Yeah, you know, we're a pretty good run last year. And, you know, can't really focus on what happened last year, last year, this last year.    But there's, like I said, no excuses. We just have to be better, play better, complement the football on all three phases and just go out there and finish, drive, score points, go out the field and win a game.


How to make a narcissist panic. Being around a narcissist can cause you to lose your courage and self-confidence. It can make you feel frightened and nervous because you never know what they're going to do next. They will lower their moral standards so far and do something reprehensible. To gain attention, to gain power and control over you. But there is a way for you to reverse the situation and gain the upper hand. Narcissists may seem frightened in and intimidating but they're actually very fragile and insecure. They're shame based people who are doing everything they can to avoid reflecting on their shame so nothing terrifies them more than the possibility of them being exposed for who they are. If you want to make a narcissist panic, start speaking on what they're doing. Start pointing out their flaws. Start pointing out the inconsistencies in their stories and back it up with indeniable proof or evidence.  So when you start speaking on it and you start exposing them for who they are, it makes them panic. Nothing terrifies them more than having no protection from something harmful, than the revelation of their embarrassing and damaging secrets. Because they need to have control over other people's perceptions. They need to have control over how other people see them and they do that through manipulation. But if they feel that they are unable to manipulate people's perceptions, they will panic. Narcissists will panic around anyone who have confidence in their own worth and abilities. Anyone who respects themselves. Anyone who has a strong opinion of themselves. Anyone who is satisfied with their lives. Anyone who has any position of power. They cannot be around authentic people. They cannot be around people who have a strong character because they can't manipulate or control a person like that. They can't control how you see yourself. They can't control how you see other people and they can't control how you see them. Which will cause unrest and instability in the narcissist because then they're not in a position of power and control. Which is what they need to feel stable and secure. Narcissists need to keep you in a state where you are in fear of loss. But when you are confident in your own worth and abilities, they can't do that. Narcissists need you to abandon yourself first before you will then fear losing them. As long as you hold on to your character, you will not fear them leaving you. And it will trigger their abandonment issues. It will make them panic. So essentially, to make a narcissist panic, you need to stay calm. You need to avoid appearing surprised or worried because all they're really looking for is your reaction to what they're saying or doing. Which is why they will try to provoke you.  They will intimidate you. But if they can't make you nervous, worried or irritated, it will give you the other hand. It will make them panic. As long as you are reacting to the narcissist, they will feel comfortable. They will feel powerful and in control. As long as you are engaged with them. So to make the narcissist panic, you need to go no contact. They will try to reengage. But if they still don't get a response, it makes them feel unimportant. It tells them that they're unworthy of your time of attention. And it makes them panic. To make the narcissist panic. They have to know that they can't affect you. They can't manipulate or control you.  They can't get narcissistic supply because now you're the one rejecting them and showing them intentional and friendliness. Rather than it being the other way around. Thank you for watching. I hope this video is in it with you. Please like, comment, share and subscribe. If you would like to donate, my PayPal link is in the video description. Coach the inquiries. You can email me at coach.net to buy a vertical UK. Thank you for watching and I'll talk to you soon.


Typically when you use tape for this, you retrieve this out of the ground and every time you conduct a reading, you will go ahead. When you go to pull it out of the deck, it releases nice and easy. So you need one to hold the top, so he's going to go and I'm going to tell him when to stop. He's going to count out loud. Two. Right above it, so I'm just going to label it 7.5. Six, six, four.