Vilsack Discusses Wheat Exports: Capitol Gains

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July 28 (Bloomberg) -- U.S. Agriculture Secretary Tom Vilsack talks about the discovery of genetically modified wheat in Oregon and the impact on overseas shipments. Bloomberg's Allan Holmes and Sanford Reback discuss the impact of cybertheft on the U.S. economy. Bloomberg's Robert Levinson reports on the impact of federal budget cuts on defense contractors' earnings. They speak with Peter Cook on Bloomberg Television's "Capitol Gains." (Source: Bloomberg)

This week on "captiol gains" questions about how i got there in the first place in the global fallout.

We will ask agriculture secretary tom millsap.

Secrets being stolen by cyber thieves.

Congress ready to respond and and has business groups nervous.

We tell you why.

A tour of the navy's newest warship.

I am peter cook.

Welcome to "capital gains ," focusing on washington with a bloomberg research and analysis.

Keeping your for the next 30 minutes and every sunday.

We begin today with a mystery.

Back in may, genetically modified wheat was discovered in an organ field.

Showed from the strain of wheat that was field tested by monsanto that was never released commercially.

It it growing anywhere else in the united states?

Some of the biggest week buyers are restricting imports.

The mystery highlights a sensitivity surrounding genetically modified organisms and the stakes for u.s. agriculture.

For more on where the investigation stands and other issues, i sat down with u.s. agriculture secretary tom millsap.

We are confident that it does not pose any threat to the food supply and we are now working with our trade partners to make sure they have the tests to ensure that the week is safe.

We are still working on the investigation to show what may have happened.

It may be a circumstance where it is difficult to pinpoint exactly how this happened.

If we reassure this trading partners , it is an appropriate test for any shipment of wheat in we should see a resumption of full trade partners very soon.

No one is more interested in getting to the bottom of this detection down our business.

Monsanto officials call it of suspicious.

Someone may have planted intentionally to fuel fears about genetically modified crops.

Secretary bill sark won't go that far.

-- secretary vilsack won't go that far.

I would not want to comment on what the conclusions might be.

It's better that we let the investigation run its course and find out on the end of that process what we know.

To those who don't totally know how big of a deal this is overseas, this is a very serious issue for american agriculture.

Because it is isolated in the northwestern part of the country, it did not necessarily impacts all wheat supplies, primarily to a small handful of countries.

We reassure the koreans and taiwanese we could resume shipments in japan.

It's a very sensitive issue, as you mentioned.

We had an extensive set of meetings and they are getting very close to being confident in the supply and i hope that we would see a resumption very soon.

Within the next few weeks even?

I don't want to presume what the prime minister may ask in terms of questions, but i think we have, long way in terms of the ministry of agriculture to reassure them and hopefully they are getting their questions answered sometime perhaps as early as august we could see a resumption.

Ongoing trade talks with the pacific rim nations.

I'm not sure there will ever be a resolution.

The key is to create a process and framework by which different systems and methods of production can coexist, like what we are trying to do at usda.

These issues are very important and in no uncertain terms, if there's to be a trade agreement, it is to be comprehensive and it has to cover all of the store any issues from geographic preferences to biotech.

If we are going to meet the challenge of increasing global agricultural reduction to meet the need of the rise in global population that we going to have to use science because we do a better job of showing the challenges that we face and there will be a greater except dense of this science and working very hard to show that we do this in a way that does not hamper what the organic producers need to do on their farms.

He also faces another fight over new five-year arm -- farm programs.

The big divide?

House republicans decision to separate the food stamps program from farm policy.

It's important that we get a comprehensive food and farm bill.

The food assistance programs in the long-term is not in the best interests of rural america or producers.

The reality is american farmers represent less than one percent of the population and those who produce 1/10 of one percent, how does the other 99% understand what's in it for them?

I would like and would hope that everyone would understand what armors and ranchers do for each of us every single day, but often that's not the case.

I having the food assistance programs in the bill, you have a good message point to suburban and urban legislators who may not understand what this contributes to their constituents and the likelihood is that you look at the coalition of members of congress to be able to pass a bill.

Secondly, it is off the mark in terms of reductions in the program that they are espousing.

This is likely going to disqualify those in the program.

This is also a way of stabilizing farm income.

When you talk about a $20 reduction in nutrition resistance, you need to recognize that it's a $3 billion reduction for farm income.

Are looking at the real possibility here ? it is rewarding failure.

The time is now for congress to act.

Regardless of what the differences might be, they need to be worked out.


There is a vehicle right today for differences to be worked out.

The senate is prepared to get in a room and start working out the differences.

The house has refused to do so and now we are looking at a delay of their consideration of anything have to with nutrition until september.

It poses the real concern that i have that over time we are going to be faced with no bill.

How important is comprehensive immigration reform to agriculture?

Equally important to a five- year farm bill.

So it's fairly important.

The reality day and fruit and vegetable production, we do not have enough hands to do the work that needs to be done.

Farmers are now making the decision to not harvest crops that they plant or not plant crops at all or move production outside of the united states.

All of it threatens our food security over time.


secretary, thank you for the time.

When we come back, cyber thieves stealing america's corporate secrets and costing america millions.

But congress is doing and has some in the business community nervous.

I'll steam ahead for the navy's newest warship.

An exclusive on board to her is just ahead.

? welcome back to "capitol gain s." both parties do not like the idea of foreigners stealing american secrets.

How a good toll is cyber theft -- how big a told?

The theft estimate cyber theft costs the u.s. economy more than $300 billion annually.

They say it's more like $100 billion.

Whatever the number, the country accused of doing most of the stealing is china.

There are proposal to crack down , but some of the ideas our cars and heartburn.

-- eideas.

There is a toll being taken inside the u.s. economy.

We are talking about a big deal here.

We are talking about iphones, that side of things?

It's big for companies whose ipo stolen.

We are talking about advanced manufacturing processes, anything in the health field, advances in the health field.

For those companies, it's big.

Overall, we don't know how big it is.

Publicly challenging china to do more in this area.

The vice president and the president himself even brought up this issue with xi jinping.

Web been talking to them for a while about improving intellectual property protection generally and their country.

They are engaging in trying to steal our business in secret and that has to stop.

It's a big escalation in the rhetoric.

Democrats and republicans are talking about a crackdown here.

Senator levin and mccain have a proposal that would basically if they are stealing the secrets and using them in chinese good, they would try to stop them at the border.

They would ask customs and border protection agency to stop any products that are based on stolen intellectual property.

That's incredibly hard to do.

Very hard.

You have to figure out who has stolen the ipo and if they are supported by a foreign government.

A report came out that made a huge splash earlier this year, it did not say definitively that china was behind it.

They said it was likely.

They are really nervous.

Y? china is the third-largest u.s. export and we send products over every year, boeing aircraft . gm makes more cars in china than the united states and they are afraid china will retaliate if something goes through and they will belong doubt of that market.

They need to be be a midmarket especially in the years ahead.

Let me change gears with both of you.

We had a big debate in the floor of the house, the first time since the edward snowden disclosures over the nsa program.

A close vote to try to limit the government's ability to collect these phone records.

Let's listen to some of the debate.

No administration should be able to operate above or below the law as they have done in this respect.

Are we so small that we can only look at our facebook likes?

Let us get back to the big politics of protecting america and moving america forward.

The government has gone too far in the name of security at the fourth amendment has been bruised.

Rein in government invasion.

No more dragnet operations.

Get a specific warrant based on probable cause or stay out of our lives.

This amendment is not simple.

It does not limp before modify the program.

It does not end of the program.

It lose it up.

It was defeated 217-205, a much closer vote than expected.

A sign of things to come?

A lot of pressure from technology companies like google, facebook, apple who want to be able to tell their customers what is being asked of them.

You saw the letter that came out just a weekend a half ago and they are now starting to get support from other organizations , quite an impressive list.

It is that joint force.

Some of the businesses and civil groups are getting together and pushing congress to make changes here.

That's exactly right.

The business community is not going to come back and say to scale up programs.

They are not going to ask for that that.

They would like more transparency and be able to show, if they can, that these programs are more limited than what the foreign competitors have been saying so they regain the trust of international customers.

Andy and alan, appreciate it.

To come, on board the navy's newest warship sailing through controversy.

But first, the nation's biggest defense contractors just reported earnings.

All of the sequester pain has not showed up in bottom line.

We explain.

? a few months back, they warned sequestration would take a big bite out of business.

It may provide a be true but it has not happened yet.

The five biggest pentagon players all beat analyst estimates this past week or leasing second-quarter earnings.

Lockheed martin, the biggest defense contractor in the maker the f 35, northrop roman, and raytheon, the biggest maker of missiles even raising profit outlook for the full year despite no solution for sequestration anywhere in sight.

General dynamics benefited from maybe spending on four new destroyers and boeing was influenced by commercial aircraft but did warn of sequestration pain to come.

Was this a case of crying wolf?

Or is the pain of sequestration coming down the road?

I'm joined by rob levinsohn for the answer to that question.

We've talked about this before, but all five beating analyst estimates, that has to be somewhat of a surprise given we are in the middle of sequestration.

A little bit of a surprise, but probably not as some people.

They are in big procurement programs.

A lot of the big for care med dollars cut to not even get spent in the fiscal year -- a lot of the big procurement dollars do not even get spent.

These are all companies with vague high-profile major weapons programs.

They took a $37 billion bite.

It was out of the maintenance and operations account which is not the big procurement, hardware type of programs.

What about down the road?

What can we learn to see what will be happening down the road?

Of sequestration keeps up all the way through 2021, eventually, the pain will trickle down because these effects will compound year-to- year.

Even though these procurement dollars are not spend every year they are appropriated, you get the cap pounding effect.

The backlog for these orders in the future, they still look really good.

I looked at the top five.

The backlogs all exceed their annual revenues by like 100 50%. lockheed has over 80 billion dollars in backlogs.

Most of them are up from the backlog at the end of 2011 versus the end of 2012 so they have a pretty healthy pipeline and they will not feel the pain even in the next year, two, or even three.

Click the big five on the what about a smaller players, the medium-sized players?

Is that where the pain is being felt?

Further down the list and those providing services that are more paid for, they are probably feeling more pain, but i looked at other big companies and their backlogs are still looking pretty healthy compared to previous years.

Rob levinso n, thanks so much.

When we come back, they say that this is the critical shift in the conflicts of the future.

An exclusive tour of the ship coming up next.

? to join the conversation, find us on twitter.

You can find more research and analysis at

The combat ship provides our navy with vitally important capabilities and it is key to the future of all naval operations.

At a hearing on capitol hill, top navy officials defending one of the highest profile programs.

The navy wants to spend $34 billion to build the two of a modern looking warships but critics have questioned the cost, mission, and the the ability to survive in combat.

Bloomberg's megan hughes takes us on board the uss independence.

Smaller, sleeker, faster.

This is meant to be the future of combat ships for the u.s. navy.

General dynamics teaming up for this one up.

This is the lcs 2 with a whole that has greater stability.

The maneuverability in shallow water, the things that this ship can physically do with the engineering configuration is something i've never seen on any class of ship.

This is a focused mission ship meaning it has many capabilities but does just one thing at a time.

From naval and countermeasures to surface warfare with small vessels, it takes 96 hours to swap out equipment.

This ship will address a lot of mission needs that the navy has that are currently not taken into account efficiently.

They can plug in modules for access.

How it moves cargo, monitors movement.

With this new technology comes a smaller crew.

Just one officer performs the office duties of 10 on one of the older largest turface combat ships.

We have been operating this with a core crew of 40. this means more spacious living quarters.

Reduce the labor force on board could mean overworked crews won't be able to keep with major maintenance.

The fact that it operates close to shore makes it less likely.

I don't need a team of 20 engineers to fix things on the ship because it is fixed to buy off the ship.

The independence is armed with a surface air missile system, a 57 millimeter cannon and 450 caliber machine guns to destroy swarms of small boats like those used by iran.

It has more than 11,000 square feet of flight deck.

The hangar can house a seahawk helicopter and three navy drowns.

Well armed?

Yes, but critics warn the armor is to light to survive a major hit.

We have to be vigilant and smart where we deploy this ship and that means understanding of survivability capabilities.

And then there is the ever- changing price tag.

It's projected cost was $220 million per ship and now that figure is up to $528 million today.

The navy sees the price falling into line eventually.

Over time, with exposure and the ships getting into the operational fleet, that will go away away in due course just like it has for other shipbuilding programs since the constitution.

It still needs to navigate the choppy budget waters and the gao warns failure to slow the rate of construction could look $40 million of taxpayer money at risk.

That will do it for this weeks "capitol gains." thanks for watching.

We will see you next sunday.

? brought to life by four legends of industry.

The factory worker who became ceo.

The homebrewer who took his beer natural -- national.

And the ditch digger who started a retail giant.

Meet the leaders of those iconic american brands as we all of them from humble beginnings to the top of the corporate ladder.

How do they do it?

In their words, the secret of their success is this street smart special, "the american dream.


we begin with the classic story.

Over 25 years.

Honeywell's a david cody worked his way up and found himself at the helm and he is a classic example of the american dream.

We sat down and he explained how he turned his life and the company around.

Were you a studious kid?

Did you work hard in school?

My mom said i it would read the cereal box because i just wanted to read something, but when it came to school i just didn't like it.

Did you ever have any idea what you wanted to do?

None, absolutely none.

And i remember at one.

Talking to a friend when i was a sophomore in college and i said, i would just like to get a job where i could make $20,000 at some point.

And he said, you've got to be kidding me, nobody's going to pay you $20,000 a year.

[laughter] were your parents encouraging of education?

Have they had experience in the workplace?

My dad had six months of high school and that was it.

My mom had two days of high school and then she had quit.

But both of them, i can remember from the time i was just a little kid would tell me, you are going to go to college someday.

My dad would say, i don't care if you dig ditches afterward, you get a college degree.

How did you do?

It took me six years to get a four-year degree.

Why did it take six years?

I was working as the hourly employee at a ge jet engine plant in new hampshire.

How about that?

That was the start of my 25 years with ge.

You are working at the factory and what causes you to go back to school?

I got married and my wife got pregnant right away.

All of a sudden, i was going to have a baby coming and i'm living in this third floor apartment and the only heat is coming off of the stove.

And in new hampshire, that is chilly.

Upstairs in the winter?

This child is going to be dependent on me and i'm not doing anything.

I got pretty serious.

I stopped smoking, started exercising, and i went back to school.

I pretty much got a 4.0 that year.

When there was less time, i became more effective.

And you were still working at the ge factory?

Yes, full time.

A huge turnaround.

And i will give my son full credit for that because he will say, you've done a lot, dad.

And i will say, if it were not for you, i never would have buckled down the way i did.

What kept pushing to keep striving for more?

When i first started, i just needed to make some money.

I did not care what it was.

If it paid more, i was willing to do it.

Ironically, i found out i liked it.

I didn't mind working hard when it was this business stuff because i enjoyed it.

I enjoyed the striving, the achievement.

I never started off saying, i think i could be a ceo.

I don't think that happen until i was about 39, 40 years old.

What was it like working for jack welch?

It was interesting.

He is a smart guy and his instincts are tremendous.

He is a force of nature and character and personality.

Was he a good boss?

I liked him.

He could be the most wonderful personality in the world if he wants to.

How did you learn you were not going to get the top spot of ge?

There were two aspects.

One was, you kind of notice as you go along that everybody else's business is doing pretty well and yours is not.

For a variety of reasons.

I could argue some were caused by me.

I do believe a lot of it was caused by the marketplace and what i was inheriting.

But at the end of the day, you could say, the business is not doing as well.

So i pretty much figured out that it was not born to be me already.

About a week or two later he said, you can stay if you like.

And i said, no, i would like to see what i'm capable of.

I felt the right judgment was not being made.

I wanted to go out to see if i was right or not.

What were the challenges when you got to honeywell?

The company was sold, sold to somebody else, the deal falls apart.

The recession had begun.

9/11 happened.

There were legacy liabilities.

There was a lot.

You are recognized for turning this company around.

You put in a five-year plan.

Some people in the analyst community dismissed it.

They did not take it that seriously.

But you did.

Now that we are into the fourth year of that plan, we have a lot of credit, and even though the gdp and exchange rate has not been as good, we're still reading those numbers.

Anything else?

On the personal side, my boys are wonderful.

If they had ever told me at the beginning this was what your life would be and it will be painful a lot of it and in the end to get these two boys, i would have said i take the deal.

On the professional side, i always wanted to build something.

It has been quite rewarding what we have done at honeywell.

When we come back, les moonves, the ceo of cbs, took his network to number one this year.

He told me the secret of his success.

I'm very competitive.

I like to win.

I work hard, i never want to lose out because i did not work hard enough for it.

Our next guest made it to the pinnacle of the industry this year.

Les moonves is the ceo of cbs, and for the first time in two decades, his network won the ratings race both overall and in key demographics.

The former actor tells me how he got to the top and how he propelled cbs to the front of the pack.

What do you attribute it to, the success?

I think my biggest skill is picking people.

I pick very good people.

I'm very competitive.

I like to win.

I work very hard.

I never want to lose out on something because i did not work hard enough.

Have you always been this way?


Oh, yeah.

I have been competitive since i played little league baseball at five years old.

I would come home crying if we lost.

Now i cry when a show does not work and our ratings are bad.

You started off wanting to be an actor.

When did you realize you were talented on the business side?

I began my career as an actor, as you said, and i did a bunch of tv shows where i played bad guys in episodic television.

I want to see some of those.

No, you don't. i have burned them all.

I have taken them off of the web.

I realized i was not a great actor.

I was a mediocre actor.

But i loved the business, and i was one of these factors when i got on to this that i wanted to learn everything going on.

Slowly, i realized i belonged on the other side of the camera, and i that i felt very fulfilled early on when i became a theater producer.

That was my first step out of acting.

Then i became a tv executive and worked my way up.

And the great news is all of the training i had as an actor helped me.

I'm casting pilots every year and i love the process.

I am pretty good at picking actors.

Our track record has been pretty good about some of the actors we have picked.

You have had an incredible knack for picking the right shows, probably more than anyone else in the industry.

Give me a little primer on what it is that you do.

Give me some insight into how do you know.

I think of myself as a pretty normal guy.

I have never put on a show that i have hated.

I have been able to appreciate different shows and genres for different target audiences.

That is interesting, because when you first came in and were running cbs, some in the wall street community thought, this guy is a program picker.

He is a really talented guy.

But can he run the full business?

I think the business side is something that came instinctively to me.

I think the mba's may not have a creative side, which gave me an advantage.

You were one of the first executives to introduce america to reality tv.

You look at the show survivor and it gave you an advantage.

You look at reality tv now and some of its faltering.

What is the next big genre?

People ask me every year what i'm looking for, what the next big thing is.

I always tell them i do not know.

I always look for what is good, be it a comedy, drama, reality show.

You cannot describe it until you see it, feel it, and then put it on the air.

You have fundamentally changed what cbs news has done in the past year.

You have shown a real commitment through your team to hard news, no fluff.

And you have seen some success in the ratings, the results.

However, you're still third in the morning and at night.

Are you going to get to be number one?

You do a good product, you will grow.

You will win eventually.

Yes, there are issues at some of the other places, and there is change, and sure enough because of that change, people begin to sample.

But when they sample, you got to give them a good product where they say, hey, i'm going to come back here.

What is the future of broadcast amid all of these other sources of content?

Broadcast is still the name of the game.

20 million people still watch "ncis" every single week.

Everybody talks about cable programming, but you know what the highest rated comedy is on cable?

"big bang" repeats.

There's a lot of good programming on the cable.

We do own showtime, where there's a lot of good stuff.

But broadcast is where it all begins.

People are watching shows all over the place.

They're watching online, on their ipad and cellphone.

But most of the great content still begins on the networks.

Ken langone worked his way through college doing any job he could get, assistant, a golf caddy, even ditch digger.

He studied very hard and went on to become one of the best known billionaire investors and co- founder of home depot.

He sat down to talk about the american dream as he has lived and whether it is still attainable today.

As a little boy, my first job was to deliver newspapers.

Then i worked in a butcher shop, a supermarket, construction.

You used to dig ditches?

I sure did, on the long island expressway.

When we were building the long island expressway in 1954, 1955, and 1956 during my summers.

I was a day laborer.

And they were building a section of the expressway from city line to shelter rock road.

That is how i was able to augment my needs for college.

My parents helped, but i still had to work.

It was only $2,500 a year to go to college.

Today, is $53,000 a year.

Oh, my goodness.

Does it frustrate you when you hear politicians talking about working folks versus the 1%, or people talking negatively of those on wall street?

You work hard and you worked hard now, and it is part of what you do.

I am proudly part of a 1%. i worked like hell to become part of the 1%. i don't want anything back for what about to say, but by my virtue of getting into the 1%, we brought 330,000 people along with us.

Home depot, great paying jobs, wonderful, bright careers, and i was once part of the 99%. when you look at the economy today and you think about all that you have been able to accomplish, do you think it is harder for young people today?

Do you think it is more difficult to achieve the american dream of prosperity?

I wish i was their age, because the opportunities that are out there right now are as good as i've ever seen.

They may be hard to identify, but they are there.

And once you identify them and you figure out what the human want is and you address that with the supply of whenever they need, you can do well.

What do you consider the best thing about america and our economy?

What is great about america?

All of this is great about america.

We can be ourselves.

We can argue.

We have a process for protecting the innocent, for prosecuting the bad.

It is all here.

And it will never go away.

We are still the finest nation on earth, and we always will be.

This is the greatest place that ever happened.

It is a dream, and such a powerful dreamed, and such a wonderful dream that it will survive.

After the break, a patriot and a dreamer.

Jim koch will be with us.

I would not have named my beer sam adams if i did not believe in a revolution and independence.

Welcome back to the "american dream." i'm trish regan.

I'm talking to the innovative c.e.o.'s that innovated their way to the top.

Jim koch started selling his beer door-to-door in 1984 and now helps others in the microbrewing industry.

We are discussing the challenges in the beer industry and how the new generation of americans can realize their own american dream.

I come from a brew family -- i am actually the sixth oldest son in a row to be a brewmaster.

I knew a lot about beer.

I home-brewed before i started sam adams.

This was in the early 1980's when america was kind of a beer wasteland.

You could get american beer and imports that were often skunky, but you could not get great american beer that was fresh and flavorful.

When you started this from scratch, in an industry that did not have a lot of small players.

When i started, we were the smallest brewery in america.

Nobody wanted my beer, people did not understand how we could make great beer here in the united states.

I had to educate people.

I could not get a distributor.

I had to sell my beer from bar to bar out of my briefcase.

You just went from bar to bar?

I walked down the street with cold beer in my briefcase.

How did it start to take off?

It has been 30 years.

And even to this day, sam adams has made an impact, but we're still only 1% of the beer market.

We have gone from being infinitesimal to being small.

What is brewing the american dream?

Sam adams brewing the american dream program is a program that we created five years ago.

It is our philanthropic effort.

We have tried to bring the same innovation and entrepreneurship to the business, and we created a program with two key elements, and one is micro lending with small businesses in food and hospitality.

Those are the businesses that we know.

And the other part that is equally important is coaching and counseling.

When you look at the environment we are in right now with the economy and political gridlock in washington, do you think it is more challenging for businesses today than 30 years ago when you got started?

I think it is always challenging for a small business.

In bad times and in good times, small businesses are basically shut out of the loan market.

This year, will make over $1 million worth of loans.

Secondly, we are engaging our drinkers in supporting the program.

And now until the end of may in bars and restaurants all over the country that are participating, the boston beer company will contribute 5 cents for every pint of sam adams raised in those bars.

At third, we are beefing up our speed coaching sessions to include what we call at pitch room, which is real-time sales training for the entrepreneurs.

Doing your part to keep the american dream alive and well.

Yes, because i've been very fortunate.

I started in my kitchen with a dream and hopefully, we will help the next sam adams.

Let's talk about the beer market overall right now.

You got some major players.

There is a beer merger in the works between bud and modelo, so lots of consolidation going on.

Are you concerned sam adams will get edged out?

The beer business is getting bigger.

There are two enormous global companies, and they literally spill more beer than i make all year.

That is to our advantage.

We can make very special beers.

We do not have to appeal to the mass market.

I make beer for the 5% or 10% of the market that wants something flavorful and special.

That is my niche.

I will never compete with one of the big guys.

They do what they do really well.

Will one of the big guys want to acquire you to get that niche market?

Luckily, while we are a public company, i have all of the voting shares.

I think we have a great future.

I think we can continue to grow.

And frankly, i love my work.

Staying on your own then.

I love the idea of being independent.

I would not have named my beer sam adams if i did not believe in creating a revolution and declaring independence.

What is next for the company?

To me, there are lots of beers out there that have never been made.

A brewer is like a chef.

I get to create new beers.

The united states has become the center for innovation from all over the world.

We get german brewers who come here every month and want to know how we are getting young people excited about beer again.

In the old world, the beer culture is dying.

The center of gravity has moved to craft brewers like sam adams.

Jim koch, thank you.

It was nice having a beer with you today.

The theme you have heard from all of them is working hard and being willing to take risks.

There are all kinds of challenges, but the american dream is alive and well.

I'm trish regan.

Thanks so much for watching.


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