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tv   Fareed Zakaria GPS  CNN  May 17, 2015 7:00am-8:01am PDT

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ore of those photos and the rest of our interview with david at our website, thanks for watching "state of the union." i'm brianna keilar in washington. "fareed zakaria gps" starts now. this is "gps," the global public square. welcome to all of you in the united states and around the world. i'm fareed zakaria, and this is a special edition coming to you from seattle, washington. we'll begin with the city's most famous son, bill gates, who according to "forbes," is the richest man in the world. in an exclusive interview, i'll talk to him about the strengths and weaknesses of the u.s. economy, education reform innovation and why he recently ranked wastewater. with a smile on his face.
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>> it's water. >> also the inventor dinosaur hunter chef and polymath extraordinaire on using technology to help the poor. this might be the coolest keg on earth. literally. ♪ then the youngest female self-made billionaire in the world. she got there with blood, sweat and tears. well, just one drop of blood. i'll explain. and what the world's oldest democracy, the united states of america, can learn from some young upstarts about elections. but first, here's my take. here in seattle, you can really sense the importance of the two
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most powerful forces that have transformed the world in recent decades. mobilization and the information revolution. these two great engines have been chugging away integrating a share into the global system and ushering in a digital age that is now invading every corner of life. countries or cities that could adapt like seattle have benefited dramatically. those that could not like detroit have been crippled. but either way, the train has kept on rolling. >> i've been very clear, mr. president, i'm not a fan of fast track. >> democratic opposition to fast-track trade authority for president obama is blind to the fundamental reality of this era. you can't turn off the machine. you can't stop china from growing and trading. you can't prevent africa from deepening its integration into the global system. these forces are already at
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work powerfully entrenched and will keep moving. the potential trade deal with asia the transpacific partnership, could, however, shape these trends in a direction that is compatible with american interests and ideas. that's why congressional, mainly democratic opposition has been so misguided. for those who worry that after tpp america would have to compete against low-wage countries, it's too late. it's been too late for decades. as zachary carabell notes, we are already living in a free trade world. the average tariff in the developed world is now about 3%. that's it. and in the past three decades, developing countries have cut their tariffs substantially as well. china's average tariff is less than 10% today. down from around 40% in 1985. the united states has one of the world's most open economies.
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any trade deal like the tpp is going to open other economies like those of japan or vietnam far more than it will america. and the nature of the opening and the new rules will reflect american interests and ideas. in an essay in foreign affairs in 1993 on nafta, a young and then relatively obscure economist, paul krugman, explained that nafta wasn't going to have much of an impact on the vast american economy one way or the other. it was really about foreign policy. the economic effects of nafta have been heavily debated, but the foreign policy consequences are clear. and clearly positive. we forget now but only three decades ago, mexico was one of the more anti-american countries in the world. today, mexico is a country transformed. unambiguously allied with the united states.
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its president is totally comfortable being described as a close ally of the united states. mexico has become a core component of a closely intertwined north american economy that is the world's most vibrant regional bloc. many factors led to this transformations, but nafta was chief among them. if something similar would have happened with tpp in asia the effects would be global. the world we live in is one of rising nations but declining global norms. the struggle is on to write new norms, new rules for trade, cybersecurity, intellectual property and much more. let's hope we don't look back 20 years from now when new rules have been written by china and wish we had been more active and assertive when we had a chance. for more go to and read my "washington post" column this week. and let's get started.
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♪ joining me now, bill gates. bill a pleasure to have you on. >> great to be here. >> so give me your sense of where the american economy is these days. a lot of people say yes, we do have a recovery. yes, compared to the rest of the world, the united states is doing well. but we're just not getting the kind of growth we used to and that something has changed. that this is the new normal. you're not going to get back to 3% 4% 4.5%. >> well gdp growth doesn't capture mass improvements that take place, particularly digital innovation. it's not quite as negative a picture as appear gdp look will give you. >> explain that. you think there's stuff going on that's improving quality of life that isn't being measured properly. >> that's right. when you use wikipedia, it is
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contributing $0 to gdp, whereas when you used to buy the world book or britannica that showed up in gdp. so the fact that those services listening to music, finding videos the price deflator doesn't capture the quality of these services. particularly ones where the price goes down so quickly that it essentially doesn't get seen by that measurement. so you wouldn't trade places -- if you made you know inflation and adjusted the same amount 50 years ago, your life would be way worse than it is at the current level. >> but let's take that and just be very specific because a lot of people say middle-class wages have stagnated for the last 15 or 20 years depending on how you measure it. but you're saying well a middle-class person shouldn't trade places with somebody 20 years ago because his life or her life has immeasurably
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improved. >> that's right. we don't capture in the numbers that the -- you'd much rather choose say, $40,000 a year now than the equivalent 20 years ago or 30 years ago or 40 years ago. your ability to read books, to find information, to stay in touch with your friends that's not at all reflected in that income level. now, there's a few things that got more expensive, college education, most people look at the state university tuition, the cost of medical coverage either paying for it or insuring against it that's gone up. but overall, it understates how much things have improved. it doesn't mean we shouldn't worry about middle-class incomes, but the comparisons overstate the lack of progress. the american economy is basically very strong. ironically here the position of
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reserved currency means that the dollar is relatively stronger than it should be which holds back export growth that would be even more robust. but even despite that drag from our unique position it's basically a fairly positive story. >> what do you think about those who say, look the economy is overtaxed, overregulated, you need big structural reform that that's what's going to unleash productivity in this economy? >> well the most highest economic growth decade was the 1960s. income tax rates were 90%. i mean the idea that there's some direct connection that all these innovators are on strike because tax rates are at 35% and on corporations that's just such nonsense. corporate profit as a percent of u.s. gdp, the tax, corporate profit tax, is 2%. it used to be 4%.
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that's at a time where corporate profits are at an all-time high. so yes, your nominal rate is very high but for a variety of reasons, including overseas deferments accelerated depreciation what's actually being paid is way less. the notion that changing that nominal rate will unlock something, you know overstates how you improve things. >> right now the presidential campaign has sort of begun, and one of the big issues that you're seeing on the republican side is the issue of the common core. these standards in the tests, and jeb bush has reiterated his support for them. your foundation gives an enormous amount of money -- and i know you've spent a lot of time looking at this issue. what do you think of the common core? >> well the common core is a fantastic piece of work. and if you really just take that issue and say is the way they define the math progression through the grades and what the
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basic knowledge should be is not well done. the answer is absolutely. it's fantastically better than what came before where things were out of order. some states didn't teach you enough to be able to take the college entrance exam. and so you were disadvantaged there. some states had things that were done in a different form than they appear on the college entrance exam. so you get lower scores just because the notation and the way it was taught was different. in the past the u.s. designed math textbooks by committee. and our textbooks are twice as big as other countries' textbooks. and what it led to is we try to teach too much every year. we don't teach it well. and so other sisystems are just blowing us away in math. as we switch like in kentucky who was first to adopt the common core they've seen substantial gains in their math learning. so it's a very good design. it means you can go up to websites and look at their material and then have it match what you're learning.
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if your kids move like say military families what they'll be learning in sixth grade will be aligned so it won't be confused and different. so common core is an amazing piece of work. >> when we come back more with bill gates. i'm going to ask him why he drank water that was made from human waste. when we come back.
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the american dream is terrifying. american history is the history of the scary thing being the exact thing we have to do. cross that ocean. walk on that moon. fly. none of this makes rational sense. it only makes american sense. here, the hard things show us who we are. leaving your job to start your own thing. having a kid when you still feel like
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a kid. signing a 30-year mortgage on a home. scary sure but no match for our colossal self-belief. we're supposed to do scary. without scary, we don't get to be brave. buy in. quickenloans/home buy. refi. power. and we are back with bill gates. bill you recently did something very strange. you drank a glass of water that
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had been produced from human feces. why? >> well sanitation is very important. it's very important for health. it's very important for quality of living. and the way sanitation is done in richer countries is very expensive. we have piping from water in we make dirty and then pipe it back out and we do complex processing processing. that's not likely to be affordable say, in all of india. and so if we could take some process and take human waste and get rid of its smell and make sure that it couldn't cause disease, then it would be just like normal garbage. and for very low cost in fact could be moved out of the household. or we could just burn it as some part of reinvented toilet. so the r&d to figure out how do you get cal tech m.i.t. all
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these top universities to look at the chemistry, the physics and build this the foundation has funded that type of advanced research. and we're seeing really good progress. >> and the way it worked as i understand it is that the waste is taken, it's essentially heated to a high level. the water evaporates. you can then separate the liquids from the solid. that water is then distilled and purified. and then you drank it. >> exactly. all the water we drink has been in lots and lots of different places. the key is it's been purified right before we have to drink it. and in this plant, it is a very very pure output. in fact you know it's a valuable output. >> did you -- could you tell anything from the waste? >> no. once water is boiled and filtered very effectively, it's nice wonderful water. i had a bottle of this stuff in
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my car, and my kids would pick it up and say, "really, dad?" so they found it fascinating. but in fact what we have to think about is that most people don't have sanitation. in fact mody in india has a great campaign to say let's get toilets, let's clean it up so a lot of energy has been brought to this area that really isn't often discussed. and it can be improved. >> when you look at this issue of water, does this have an applicability to rich countries? we are reading all about droughts in california. is there a way -- we have lots of water on earth. is that the solution? is that going to be the technological fix to the problem of drought in california? >> yeah over time you'll use energy to do desalinization.
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so water cost is about the cost of energy. >> because the problem with desalination it's very energy intense. >> it uses lots of energy. like many things of modern life energy is a prime input. so if we could have breakthroughs in energy that would help us a lot to both desal desalinnate the water and transport it to where we need it. >> where do you think we are in the sort of green revolution? solar costs have plummeted, but the price of oil has also plummeted. where does that leave us? >> well solar prices are still not competitive with say, natural gas, electricity production. now, in a narrow sense, they will be competitive. that is during the middle of the day when the sun is shining. but when you buy power, what you're really buying is reliability. you want 24-hour-a-day, even if it's been cloudy for four or
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five days you want your hospital to have electricity. you want somebody in an apartment building not to freeze to death. and so taking these intermittent sources and adding them in means that we either need peakers, things that come in supplementing, or we need massive storage. and so we do not have an economic way of converting the energy system to a zero co2 system. only through big innovation in storage. and so getting the costs down. will we have that? that's what we need. and it could come from solar. it could come from nuclear. there's a variety of technologies that might provide that solution. we need to fund thousands of entrepreneurs to drive those costs down. because otherwise, middle-income countries aren't going to pay some huge premium for their energy. >> and do you feel like we are at the cusp of an energy revolution? >> well, i'm hopeful.
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i keep encouraging governments to raise their energy r&d budgets. and it's disappointing, given the importance of energy for the poorest in the world and this imperative that we get zero co2 emission, that the r&d budgets haven't gone up more. i'm funding some new work in nuclear. there's a lot being funded in storage. i'm involved in some of those. the solar space has gotten lots and lots of funding. so there's good things happening, but i think we should be trying to accelerate that because rather than subsidize this stuff when it's not economic funding the r&d to get it be economic that is the only real solution. >> bill gates, always a pleasure. next on "gps," from seattle, how great would it be if u.s. election campaigns were shorter, had no negative tv ads, and didn't require a billion dollars to win?
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we'll show you some global lessons on elections next. out of 42 vehicles based on 6 different criteria, why did a panel of 11 automotive experts name the volkswagen golf motor trend's 2015 car of the year? we'll give you four good reasons. the volkswagen golf. starting at $19,295, there's an award-winning golf for everyone.
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big day? ah, the usual. moved some new cars. hauled a bunch of steel. kept the supermarket shelves stocked. made sure everyone got their latest gadgets. what's up for the next shift? ah, nothing much. just keeping the lights on. (laugh) nice. doing the big things that move an economy. see you tomorrow, mac. see you tomorrow, sam. just another day at norfolk southern.
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welcome back to "special edition of "gps" from seattle.
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now for "what in the world." there are still more than 540 days until the next presidential election. >> you can see the media running behind me here to chase the scooby van. >> already exhausted by the hillary watch and the ever-expanding tribe of republican contenders? well then perhaps you'd be happier in great britain where candidates for parliament this year only campaigned officially for less than six weeks. that included the candidates running for prime minister like david cameron and ed millieibandmiliband. there wasn't a single negative advertisement on television because all political ads on tv are banned by law. and each political party was allowed to spend around $30 million, just a fraction of what u.s. presidential nominees normally do. >> may god bless these united
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states. >> reporter: britain has much stricter rules on campaign spending than the u.s. but the last time i checked, it was still a vibrant democracy. in fact many other democracies have such spending limits. >> that's what we believe in. that's what we will deliver. >> reporter: and it's not just campaign finance where the u.s. is an outlier. consider voter turnout. america ranks 31st out of the 34 developed countries in the oecd according to pew. with just over half of its voting-age population turning out in 2012. other countries like south korea, denmark and sweden have turnout rates above 80%. according to the international institute for democracy and electoral assistance the u.s. barely beats out war-torn afghanistan. one reason why the u.s. lags behind in turnout might be that other countries make it a lot easier to vote. nations like france hold elections on weekends so voters
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don't have to worry about missing work. america still votes on a tuesday, thanks to a law from 1845 that catered to travelers on horseback. it might be time for an update. then there's voter registration. in the u.s. only 65% of the voting population is registered. much lower than other countries according to pew. other nations like israel and italy register voters automatically when they receive their i.d. cards from the government for example, while in the u.s. citizens must register themselves. so how about how americans vote? is that antiquated, too? certainly. estonia has had online voting since 2007 with nearly one-third of its voters casting web ballots in this year's parliamentary elections. while there have been some concerns about the system's
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vulnerability to hacking, it makes voting easier. switzerland is also moving towards voting via cyberspace. but the best way to ensure voter turnout might be to require people to vote by law. several countries including australia, belgium and turkey do just that. and those nations have impressive turnout numbers, as one would expect. america is the world's oldest constitutional democracy. but it could probably learn a few best practices from some of its younger brethren across the globe. next on "gps," the problem. how to keep critical medicines like vaccines cold in parts of africa that are blistering hot where electricity is notoriously unreliable. the solution came from one of the smartest men i know. you'll meet him next. . this is a road trip car. we're sold. it's so pretty.
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we talk a lot about
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innovation here on "gps," but i'm fascinated by innovation in action. so while in seattle, i went to visit a man with whom i love to talk about everything. nathan herville got his ph.d. in physics, studied with stephen hawking and then for years was the chief technology officer at microsoft. he now runs a company called intellectual ventures. there he gets to indulge his passions. he spent time, money and brain power on such diverse subjects as bread baking nuclear power, and dinosaurs. his company is working on all three plus much more. one of his latest projects was spurred by a challenge from bill gates who asked him to help solve a tough problem. how to keep fragile medicines cold in hot climates in developing countries where constant electricity is far from a guarantee. the team tinkered and tinkered until they found a solution. >> reporter: nathan a pleasure
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to have you on again. >> well it's a pleasure to be here. >> reporter: this sounds like a simple problem. you know why don't you put it in a thermos. explain why this was hard and how you solved it. >> well you know it turns out that when you find really hard problems in society, there's a reason why they're hard. and sometimes it's a technical reason. often it's a mixture of technical reasons, political reasons. so as an example, if africa had a reliable power grid, this wouldn't be a problem. they'd have refrigerators just like we do here. the trouble is africa doesn't have that. and every year children die because they don't get the right medicines at the right time. and one of the reasons they don't get the right medicines is because the medicine went bad. the generator went out. everything spoiled. they had to throw it out. or it didn't reach them or something else. and besides the cost of the lost vaccines which is considerable in a country that has little
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resources, the human cost in terms of the lives of those children and others that are affected is immense. so why couldn't you solve it with some other thing? well people tried. they tried for a really long time. and there's a combination of the fact that the -- it's very difficult circumstances. so you can, for example, make a solar-powered refrigerator and companies have and that can work. the trouble is the solar panels are fragile. they might get broken in the truck getting out there. they might get stolen. they might get repurposed. the fancy solar-panel refrigerator and electronics might break, and there's nobody there to fix it. there's all of these problems that will frustrate a purely technological solution. so we decided that the best way to solve this was to say what is the most robust thing we can possibly imagine? and that was a totally passive system. so we said could you make something that would hold vaccines at the right temperature, just above the freezing point?
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for months maybe, with no power at all. >> wow. >> now, that sounds crazy, but of course the thermos model does this at a small scale. the trouble is the thermos model isn't good enough. but if you go through all the equations, it turns out we thought, hey, maybe you could make a thermos model that would be good enough. and a couple years later, lots of broader types, millions of dollars of experiments, we have one that works. >> so these are the devices that hold these vaccines that kind of look like beer kegs. >> yeah. that's the first prototype over there. and then progressively, we built more and more and different prototypes all changed in some way. they got a little better looking over time. we had to heat treat those early ones. that's why they discolored that way. and here's one actually that we've cut in half because it failed in a test in africa and we wanted to find out why.
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>> reporter: and this is then the final version. >> yeah here is the final product. so it's basically a big thermos. one person can lift it. >> reporter: wow. >> so it's easy to get around. you can strap it on the back of even a motorcycle. there's a system for doing that. >> reporter: no energy at all, and no batteries, no electricity, no nothing. >> no batteries, no nothing. there's a tiny battery in here for the display, and it also has a built-in cell phone. so it will send text messages out to say i'm running low on ice! help me! help me! >> reporter: but there's dry ice in there. >> no. regular water ice. regular water ice. so if we open it up we can reach inside and pull up. >> reporter: there's the vaccines. >> vaccines. >> reporter: and it is very cold. >> it's cold. oh, for sure, it's cold. >> reporter: and you could use this all over africa all over south asia parts of latin america, anywhere where you have
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large rural populations that don't have access to really good power supplies. >> that's right. the world has tons of people that work and live in an area that has either no power or very flaky power. and with flaky power, if the -- you know generator goes out, if the power lines go down, the vaccine goes bad. and it's not just that you lose the vaccine, which is very expensive. but in fact, you kill kids. even in this country. when human organs are moved around enormously valuable a kidney or a heart, you have to keep it cold. today they use little, you know hand-held coolers to do that which is okay unless weather grounds your plane for two days in an airport somewhere, or there's some other logistical nightmare, and then you fall back on doing these. >> reporter: so you charge this with ice. >> mm-hmm. >> reporter: the capital city of
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an african country, and it goes out into the villages. how long can it stay cool? >> it depends on how hot it is outside. so we test it up to about 110 degrees fahrenheit which is really hot. now, most places are not 110 degrees day and night for a long time. but if it was 110 day and night, it would last six or eight weeks. in a cooler area, it could actually last for months. in west africa these devices, a modified version, were used as the means for getting the experimental ebola vaccines in. there was no way that they could have provisioned these experimental vaccines if they didn't have some way to keep stuff cold. and there just wasn't anything in the area that would work. >> reporter: so this is the silent hero of the response to ebola. >> there's a lot of heroes in the ebola story. i'm not going to take full credit. but we did our part with our little thing, yes. >> thanks to nathan myhrvold for
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inviting us into his lab. we'll bring you more with him in coming weeks. up next the world's youngest self-made female billionaire. how did she make her money? all from a drop of blood. i'll explain when we come back. we got the new tempur-flex and it's got the spring and bounce of a traditional mattress. you sink into it, but you can still move it around. now that i have a tempur-flex, i can finally get a good night's sleep. when i flop down on the bed, and it's just like, 'ah, this is perfect." wherever you put your body it just supports you. like little support elfs are just holding you. i can sleep now! through the night! (vo) change your sleep. change your life. change to tempur-pedic. why do we do it? why do we spend every waking moment, thinking about people?
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i used to think of entrepreneurs as kind of old, grizzled people and now i'm the old, grizzled person and the present paren entrepreneurs are all young and extremely good-looking entrepreneurs. >> that was president obama welcoming the newest class of presidential ambassador for global entrepreneurship. among the group and among the
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youngest of the group is my next guest, elizabeth holmes the founder and ceo of a company. there are many striking age-related superlatives about holmes but perhaps the most striking is that according to "forbes," she is the youngest self-made female billionaire in the world. how did holmes make her money? well she and her team have revolutionized one of the most common medical tests in the world. you've probably gone to the doctor for what seemed to be a simple blood test only to have vial after vial of blood drawn. well it's reduced that to just a few drops. i'll let her explain. >> people don't like big needles being stuck in their arms. and so part of our work has been -- >> reporter: so because they don't like that they tend to not have their blood tested often enough? >> exactly. exactly. >> reporter: i mean your basic thesis is that if we could have much more testing of blood, we would find out about these
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diseases or potential diseases much earlier. >> exactly. >> reporter: so why do we give so much blood? i think everyone who's ever had a blood test does wonder why do you need so much blood to you know figure out your cholesterol or whatever it is? >> the whole system has been designed around that. so since really the 1960s when the clinical lab infrastructure began to develop we've had this infrastructure that's very similar to what you see in mainframe computing where you have highly centralized, very big analytical instruments which require that much blood. and therefore, people have had to take tubes and tubes every time they do a blood draw. because you can't, one, the chemistryies that have been designed without it. >> reporter: and how did you make it though? that you can find all this oughtt so easily with one drop of
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blood? >> we focused on four core areas. one was exactly the small sample size. one was making it incredibly inexpensive to do this testing so that any person could afford it and being transparent about our prices. >> reporter: what are your prices compared to medicare reimbursement rates? >> they start at 50% off of medicare reimbursement rates, and they go down to 90% off of medicare reimbursement rates. yeah which means people can do you know a cholesterol test for $2.99 or really expensive specialty tests for tens of dollars as opposed to thousands. and we made that possible through advances in technology which we have applied toward redeveloping the chemistry, redeveloping the hardware redeveloping the software that is used in the traditional infrastructure. >> reporter: and your argument would be as i understand it that your tests are actually more accurate than the large sample. why? >> well what we've worked to do
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is eliminate the error and variability that's associated with effectively human processing of samples. and that today in the lab industry is the cause of 93% of the errors. and through technology you can automate many of the processes and decentralize and distribute the infrastructure so that you can mitigate -- mitigate you know the variance that comes from human processing. >> all right. you've got to show us the size of these samples. >> sure. so this is the little tubes that we collect the samples in. we call them the nanotainor. they're about this big. >> reporter: and so that's one drop or that's -- one drop of blood would go into that? what about the rest of that box? >> this is a sample. >> reporter: one single sample. >> this is a single sample. this would taken 16 samples.
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>> reporter: 16 different people. >> right. >> reporter: and the heart of this is the more often you can have your blood tested the more likely it is that you will catch variations oddities that would signal to a doctor that you have a condition, you have a disease, you have something that can be handled much earlier than the physical symptoms? >> exactly. 40% to 60% of americans don't even go to get their lab tests done when they're told by a physician to go do so. and physicians generally don't order lab tests unless someone is symptomatic for a given condition because to get insurance to pay for the test they have to be able to justify it on the lab form with a code that effectively talks about what symptoms you have. so by the time a doctor orders a test, it means that you're generally at risk for something. and you're not even seeing people engage. but if we can make the testing process wonderful, we can get
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people to begin engaging. and the more they engage the more you can start to see this data in a preventative context as opposed to a reactive context. >> have you had your own blood tested this way? >> all the time. yeah. >> reporter: how often? >> well i'm a little extreme, but i do it at least monthly. >> reporter: wow. elizabeth holmes a pleasure to have you on. >> great to be here. next on "gps," behind me through the rain and fog, can you hopefully make out the sprawling city of seattle. i'll tell you why 40 years ago nobody could have, would have predicted the seattle of today. plus bill gates will give you a book recommendation when we get back.
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the volkswagen golf was just named motor trend's 2015 car of the year. so was the 100% electric e-golf. and the 45 highway mpg tdi clean diesel. and last but not least the high performance gti. looks like we're gonna need a bigger podium. the volkswagen golf family. motor trend's 2015 "cars" of the year.
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the nonprofit women on 20s has nominated a woman they will campaign to put on the $20 bill. harriet tubman was selected over finalists rosa parks, eleanor
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roosevelt, and the cherokee nation chief wilma mankiller. and a petition was submitted this week to president obama. it brings me to my question of the week. when was the last time a portrait changed on u.s. paper currency? was it 1812? 1865? 1929? or 1945? stay tuned and we'll tell you the correct answer. for this week's "book of the week," we have a comic novel recommended from a very special guest star. >> my book of the week recommendation is the rosie project. it's a great story. you'll learn about dealing with people. and i found it so much fun and educational. >> thanks bill. it sounds like a great read. and now for "the last look." in the 1970s, two men erected a billboard near seattle that read "will the last person leaving seattle turn out the lights." the city which had enjoyed a booming economy in the
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post-world war ii era had fallen into recession like much of the country. boeing a huge employer in the region had cut its work force by more than half which greatly affected the city's economy as the guardian pointed out. that billboard was only up for a short period of time but to this day, it is invoked often in discussions about seattle's economy. as "the seattle times" notes, that slogan even spread beyond seattle to other cities countries, even the planet. in the 1980s, boeing was recovering as was the economy, and today, of course the city of seattle is thriving. unemployment is below the national average. microsoft, starbucks, costco t-mobile nordstrom's, amazon and other giants call the greater seattle area home. according to the u.s. census bureau seattle has a highly educated population 57% have a bachelor's degree. 18% of the population is foreign born.
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and the city often called america's gateway to asia is seen as a truly global innovation hub. the real estate market is hot, and the minimum wage now $11 an hour will soon jump to $15 an hour. something people hope will aid with the city's wide income gap. so the lights stayed on and for many the city thrived. today a more appropriate billboard might read "willed edthe next person to come to seattle invent a way to keep the lights on without warming the planet." they might do it right mere. the correct answer to the "gps" challenge question is "c." although the u.s. dollar over the years has added fancy bells and whistles like fancy 3-d ribbons and watermarks, it hasn't changed since 1929 when a reshuffle landed andrew jackson on the $20 bill. the group women on 20s hopes to
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have tubmans in their wallets by 20120, the 100th anniversary of women's suffrage. thanks to all of you for being part of my program this week. i will see you back in new york next week. a network anchor under fire. and this time it's not brian williams. is saying sorry enough for george stephanopoulos? now that we all know about his donations to the clinton foundation. plus a famed investigative journalist challenges what we were told about the killing of osama bin laden. how can we know what's really true here? and a war of words between president obama and fox news about the war on poverty. good morning and welcome to "reliable sources." i'm brian stelter, and we're starting with brand-new information about this ethical controversy that's really encircled abc's george stephanopoulos. this morning he apologizing again for donating to bill and hillary clinton's charitable foundation. what his colleagues and his