0:00:00.442,0:00:04.513
On the fourth of January, 1934,

0:00:04.513,0:00:07.529
a young man delivered a report

0:00:07.529,0:00:09.914
to the United States Congress

0:00:09.914,0:00:11.868
that 80 years on,

0:00:11.868,0:00:16.528
still shapes the lives of[br]everyone in this room today,

0:00:16.528,0:00:22.222
still shapes the lives of[br]everyone on this planet.

0:00:22.222,0:00:25.102
That young man wasn't a politician,

0:00:25.102,0:00:27.101
he wasn't a businessman,

0:00:27.101,0:00:28.438
a civil rights activist

0:00:28.438,0:00:30.423
or a faith leader.

0:00:30.423,0:00:33.484
He was that most unlikely of heroes,

0:00:33.484,0:00:35.981
an economist.

0:00:37.007,0:00:39.552
His name was Simon Kuznets

0:00:39.552,0:00:42.696
and the report that he delivered was called,

0:00:42.696,0:00:47.148
"National Income, 1929-32."

0:00:47.148,0:00:48.632
Now, you might think,

0:00:48.632,0:00:51.723
"this is a rather dry and dull report."

0:00:51.723,0:00:53.805
And you're absolutely right.

0:00:53.805,0:00:56.260
It's dry as a bone.

0:00:56.260,0:00:58.570
But this report is the foundation

0:00:58.570,0:01:01.503
of how, today, we judge the [br]success of countries.

0:01:01.503,0:01:05.052
What we know best as[br]Gross Domestic Product,

0:01:05.052,0:01:07.363
GDP.

0:01:07.363,0:01:10.266
GDP has defined and shaped our lives

0:01:10.266,0:01:12.864
for the last 80 years.

0:01:12.864,0:01:14.681
And today I want to talk about [br]

0:01:14.681,0:01:18.520
a different way to measure[br]the success of countries,

0:01:18.520,0:01:21.669
a different way to define [br]and shape our lives

0:01:21.669,0:01:24.926
for the next 80 years.

0:01:24.926,0:01:26.817
But first, we have to understand

0:01:26.817,0:01:30.726
how GDP came to[br]dominate our lives.

0:01:30.726,0:01:32.986
Kuznet's report was delivered

0:01:32.986,0:01:34.708
at a moment of crisis.

0:01:34.708,0:01:36.734
The U.S. economy was plumetting

0:01:36.734,0:01:38.349
into the Great Depression

0:01:38.349,0:01:41.434
and policy makers were [br]struggling to respond.

0:01:41.434,0:01:44.579
Struggling because they didn't[br]know what was going on.

0:01:44.579,0:01:47.961
They didn't have data and statistics.

0:01:47.961,0:01:50.783
So what Kuznet's report gave them

0:01:50.783,0:01:54.061
was reliable data on what [br]the U.S. economy

0:01:54.061,0:01:55.196
was producing,

0:01:55.196,0:01:58.764
updated year by year.

0:01:58.764,0:02:00.604
And armed with this information,

0:02:00.604,0:02:02.612
policy makers were, eventually,

0:02:02.612,0:02:06.040
able to find a way out [br]of the slump.

0:02:06.040,0:02:07.922
And because Kuznet's invention

0:02:07.922,0:02:09.694
was found to be so useful,

0:02:09.694,0:02:11.382
it spread around the world.

0:02:11.382,0:02:13.851
And now today, every country

0:02:13.851,0:02:16.815
produces GDP statistics.

0:02:16.815,0:02:19.922
But, in that first report,

0:02:19.922,0:02:23.466
Kuznets himself delivered a warning.

0:02:23.466,0:02:25.447
It's in the introductory chapter,

0:02:25.447,0:02:27.481
page 7 he says,

0:02:27.481,0:02:30.110
"The welfare of a nation can, therefore,

0:02:30.110,0:02:31.664
scarcely be inferred

0:02:31.664,0:02:33.664
from a measurement of [br]national income

0:02:33.664,0:02:35.601
as defined above."

0:02:35.601,0:02:38.969
It's not the greatest sound [br]bite in the world,

0:02:38.969,0:02:41.038
and it's dressed up in the [br]coursest language

0:02:41.038,0:02:42.586
of the economist.

0:02:42.586,0:02:44.774
But his message was clear,

0:02:44.774,0:02:46.508
GDP is a tool

0:02:46.508,0:02:49.566
to help us measure[br]economic performance.

0:02:49.566,0:02:52.534
It's not a measure[br]of our wellbeing.

0:02:52.534,0:02:54.301
And it shouldn't be a guide

0:02:54.301,0:02:57.344
to all decision making.

0:02:57.344,0:02:58.781
But we have ignored

0:02:58.781,0:03:00.373
Kuznet's warning.

0:03:00.373,0:03:01.777
We live in a world where

0:03:01.777,0:03:04.900
GDP is the benchmark of sucess

0:03:04.900,0:03:07.177
in a global economy.

0:03:07.177,0:03:10.406
Our politicians boast when[br]GDP goes up.

0:03:10.406,0:03:11.690
Markets move

0:03:11.690,0:03:13.564
and trillions of dollars of capital

0:03:13.564,0:03:14.988
move around the world

0:03:14.988,0:03:16.739
based on which countries[br]are going up

0:03:16.739,0:03:18.580
and which countries [br]are going down,

0:03:18.580,0:03:21.204
all measured in GDP.

0:03:21.204,0:03:22.533
Our societies have become

0:03:22.533,0:03:26.908
engines to create more GDP.

0:03:26.908,0:03:30.443
But we know that GDP is flawed.

0:03:30.443,0:03:32.973
It ignores the environment.

0:03:32.973,0:03:36.629
It counts bombs and prisons as progress.

0:03:36.629,0:03:38.601
It can't count happiness

0:03:38.601,0:03:39.878
or community.

0:03:39.878,0:03:41.861
And it has nothing to say

0:03:41.861,0:03:44.619
about fairness or justice.

0:03:44.619,0:03:46.291
Is it any surprise

0:03:46.291,0:03:47.324
that our world,

0:03:47.324,0:03:50.155
marching to the drum beat of GDP,

0:03:50.155,0:03:51.572
is teetering on the brink

0:03:51.572,0:03:53.422
of environmental disaster

0:03:53.422,0:03:56.938
and filled with anger and conflict?

0:03:56.938,0:03:58.941
We need a better way[br]

0:03:58.941,0:04:01.341
to measure our societies,

0:04:01.341,0:04:03.894
a measure based on the real things

0:04:03.894,0:04:06.699
that matter to real people.

0:04:06.699,0:04:08.686
Do I have enough to eat?

0:04:08.686,0:04:10.762
Can I read and write?

0:04:10.762,0:04:12.500
Am I safe?

0:04:12.500,0:04:14.655
Do I have rights?

0:04:14.655,0:04:17.877
Do I live in a society where[br]I'm not discriminated against?

0:04:17.877,0:04:19.124
Is my future

0:04:19.124,0:04:20.914
and the future of my children

0:04:20.914,0:04:24.222
prevented from environmental destruction?

0:04:24.222,0:04:26.113
These are questions that GDP

0:04:26.113,0:04:31.016
does not and cannot answer.

0:04:31.016,0:04:32.535
There have, of course,

0:04:32.535,0:04:33.921
been efforts in the past

0:04:33.921,0:04:36.563
to move beyond GDP.

0:04:36.563,0:04:37.938
But I believe that we're living

0:04:37.938,0:04:39.212
in a moment when we

0:04:39.212,0:04:42.952
are ready for a measurement revolution.

0:04:42.952,0:04:45.628
We're ready because we've seen,

0:04:45.628,0:04:47.862
in the financial crisis of 2008,

0:04:47.862,0:04:50.681
how our fetish for economic growth

0:04:50.681,0:04:52.712
led us so far astray.

0:04:52.712,0:04:55.096
We've seen, in the Arab Spring,

0:04:55.096,0:04:56.941
how countries like Tunisia

0:04:56.941,0:04:59.861
were supposedly economic superstars,

0:04:59.861,0:05:01.216
but they were societies

0:05:01.216,0:05:04.495
that were seething with discontentment.

0:05:04.495,0:05:06.563
We're ready because today

0:05:06.563,0:05:08.174
we have the technology

0:05:08.174,0:05:10.498
to gather and analyze data

0:05:10.498,0:05:11.904
in ways that would have been

0:05:11.904,0:05:14.945
unimaginable to Kuznets.

0:05:14.945,0:05:16.808
Today, I'd like to introduce you to

0:05:16.808,0:05:19.421
the Social Progress Index.

0:05:19.421,0:05:22.155
It's a measure of the wellbeing of society,

0:05:22.155,0:05:24.912
completely separate from GDP.

0:05:24.912,0:05:26.593
It's a whole new way[br][Social Progress Index]

0:05:26.593,0:05:28.569
of looking at the world.

0:05:28.569,0:05:30.179
The Social Progress Index

0:05:30.179,0:05:31.502
begins by defining what it

0:05:31.502,0:05:33.449
means to be a good society

0:05:33.449,0:05:36.940
based around three dimensions:

0:05:36.940,0:05:41.035
The first is, does everyone have[br]the basic needs for survival?:

0:05:41.035,0:05:43.885
food, water, shelter, safety.

0:05:43.885,0:05:46.605
Secondly, does everyone have

0:05:46.605,0:05:48.226
access to the building blocks

0:05:48.226,0:05:49.994
to improve their lives?:

0:05:49.994,0:05:53.978
education, information, health[br]and sustainable environment.

0:05:53.978,0:05:55.608
And then third,

0:05:55.608,0:05:57.632
does every individual have access

0:05:57.632,0:06:00.412
to a chance to pursue their goals

0:06:00.412,0:06:02.260
and dreams and ambitions

0:06:02.260,0:06:03.417
free from obstacles?

0:06:03.417,0:06:04.964
Do they have rights,

0:06:04.964,0:06:06.353
freedom of choice,

0:06:06.353,0:06:07.875
freedom from discrimination

0:06:07.875,0:06:11.336
and access to the the world's[br]most advanced knowledge?

0:06:11.336,0:06:14.700
Together, these 12 components

0:06:14.700,0:06:18.035
form the Social Progress framework.

0:06:18.035,0:06:20.123
And for each of these 12 components,

0:06:20.123,0:06:21.844
we have indicators to measure

0:06:21.844,0:06:23.541
how these countries are performing.

0:06:23.541,0:06:26.683
Not indicators of effort or intention,

0:06:26.683,0:06:28.931
but real achievement.

0:06:28.931,0:06:32.133
We don't measure how much[br]a country spends on healthcare,

0:06:32.133,0:06:34.806
we measure the length and quality

0:06:34.806,0:06:36.911
of people's lives.

0:06:36.911,0:06:38.400
We don't measure whether governments

0:06:38.400,0:06:41.065
pass laws against discrimination,

0:06:41.065,0:06:45.475
we measure whether people [br]experience discrimination.

0:06:45.475,0:06:46.835
But, what you want to know

0:06:46.835,0:06:50.141
is who's top, don't you?

0:06:50.141,0:06:52.118
I knew that, I knew that, I knew that.

0:06:52.118,0:06:53.194
Okay, I'm going to show you.

0:06:53.194,0:06:55.590
I'm going to show you on this chart.

0:06:55.590,0:06:56.934
So here we are,

0:06:56.934,0:06:59.890
what I've done here is [br]put on the vertical axis

0:06:59.890,0:07:01.146
social progress.

0:07:01.146,0:07:02.481
Higher is better.

0:07:02.481,0:07:04.503
And then, just for comparison,

0:07:04.503,0:07:05.825
just for fun,

0:07:05.825,0:07:07.284
on the horizontal axis

0:07:07.284,0:07:09.693
is GDP per capita.

0:07:09.693,0:07:11.301
Further to the right is more.

0:07:11.301,0:07:12.033
Okay,

0:07:12.033,0:07:14.737
so the country in the world

0:07:14.737,0:07:18.127
with the highest social progress,

0:07:18.127,0:07:21.486
the number one country on social progress

0:07:21.486,0:07:24.882
is New Zealand.

0:07:24.882,0:07:28.398
(Applause)

0:07:28.398,0:07:31.215
Well done. I've never been, must go!

0:07:31.215,0:07:33.537
(Laughter)

0:07:33.537,0:07:36.399
The country with the least social progress,

0:07:36.399,0:07:37.154
I'm sorry to say,

0:07:37.154,0:07:38.716
is Chad.

0:07:38.716,0:07:42.068
I've never been, maybe next year.

0:07:42.068,0:07:43.447
(Laughter)

0:07:43.447,0:07:46.259
Or maybe the year after.

0:07:46.259,0:07:47.052
Now, I know what you're thinking.

0:07:47.052,0:07:48.592
You're thinking, "Aha,

0:07:48.592,0:07:50.988
but New Zealand has a higher GDP

0:07:50.988,0:07:52.850
than Chad!"

0:07:52.850,0:07:55.344
It's a good point, well made.

0:07:55.344,0:07:56.806
But let me show you

0:07:56.806,0:07:58.069
two other countries.

0:07:58.069,0:08:00.495
Here's the United States,

0:08:00.495,0:08:03.242
considerably richer than New Zealand,

0:08:03.242,0:08:05.688
but with a lower level of social progress.

0:08:05.688,0:08:08.340
And then here's Senegal,

0:08:08.340,0:08:11.047
it's got a higher level [br]of social progress

0:08:11.047,0:08:12.331
than Chad,

0:08:12.331,0:08:14.606
but the same level of GDP.

0:08:14.606,0:08:15.456
So what's going on?

0:08:15.456,0:08:16.065
Well, look.

0:08:16.065,0:08:18.536
Let me bring in the rest of [br]the countries of the world,

0:08:18.536,0:08:20.744
the 132 we've been able to measure,

0:08:20.744,0:08:23.312
each one represented by a dot.

0:08:23.312,0:08:24.581
There are lots of dots.

0:08:24.581,0:08:26.323
Now, obviously I can't do all of them,

0:08:26.323,0:08:28.056
so a few highlights for you:

0:08:28.056,0:08:32.876
the highest ranked G7 country is Canada.

0:08:32.876,0:08:34.980
My country, the United Kingdom,

0:08:34.980,0:08:37.967
is sort of middling, sort of dull,

0:08:37.967,0:08:39.012
but who cares,

0:08:39.012,0:08:41.240
at least we beat the french.

0:08:41.240,0:08:44.167
(Laughter)

0:08:49.177,0:08:51.004
And then looking at the emerging economies,

0:08:51.004,0:08:53.618
the bricks, top of the bricks, pleased to say,

0:08:53.618,0:08:55.147
is Brazil.

0:08:55.147,0:08:56.044
(Laughter)

0:08:56.044,0:08:57.831
Come on, cheer!

0:08:57.831,0:08:59.773
Go, Brazil!

0:08:59.773,0:09:01.306
Beating South Africa,

0:09:01.306,0:09:02.599
then Russia,

0:09:02.599,0:09:03.733
then China

0:09:03.733,0:09:05.307
and then India.

0:09:05.307,0:09:07.672
Tucked away on the right-hand side,

0:09:07.672,0:09:09.852
you will see a dot of a country with

0:09:09.852,0:09:11.185
a lot of GDP but not

0:09:11.185,0:09:12.968
a huge amount of social progress,

0:09:12.968,0:09:14.946
that's Kuwait.

0:09:14.946,0:09:16.637
Just above Brazil

0:09:16.637,0:09:18.956
is a social progress superpower,

0:09:18.956,0:09:20.843
that's Costa Rica.

0:09:20.843,0:09:22.096
It's got a level of social progress

0:09:22.096,0:09:24.431
the same as some [br]Western European countries,

0:09:24.431,0:09:26.400
with a much lower GDP.

0:09:26.400,0:09:28.682
Now, my slide is getting a little cluttered

0:09:28.682,0:09:30.364
and I'd like to step back a bit.

0:09:30.364,0:09:31.818
So let me take away these countries,

0:09:31.818,0:09:34.732
and then pop in the regression line.

0:09:34.732,0:09:36.385
So this shows the average relationship

0:09:36.385,0:09:38.896
between GDP and social progress.

0:09:38.896,0:09:41.138
The first thing to notice,

0:09:41.138,0:09:42.993
is that there's lots of noise

0:09:42.993,0:09:44.690
around the trend line.

0:09:44.690,0:09:46.275
And what this shows,

0:09:46.275,0:09:49.157
what this empiracially demonstrates,

0:09:49.157,0:09:52.192
is that GDP is not destiny.

0:09:52.192,0:09:55.395
At every level of GDP per capita,

0:09:55.395,0:09:56.713
there are opportunities

0:09:56.713,0:09:58.535
for more social progress,

0:09:58.535,0:10:00.826
risks of less.

0:10:00.826,0:10:01.916
The second thing to notice

0:10:01.916,0:10:04.559
is that for poor countries,

0:10:04.559,0:10:06.532
the curve is really steep.

0:10:06.532,0:10:07.807
So what this tells us is that

0:10:07.807,0:10:09.060
if poor countries can get

0:10:09.060,0:10:10.954
a little bit of extra GDP,

0:10:10.954,0:10:12.737
and if they reinvest that in

0:10:12.737,0:10:15.409
doctors, nurses, water supplies,

0:10:15.409,0:10:16.782
sanitation, etcetera,

0:10:16.782,0:10:18.801
there's a lot of social progress bang

0:10:18.801,0:10:20.447
for your GDP buck.

0:10:20.447,0:10:21.142
And that's good news

0:10:21.142,0:10:22.274
and that's what we've seen

0:10:22.274,0:10:23.960
over the past 20, 30 years

0:10:23.960,0:10:25.723
with a lot of people lifted out of poverty

0:10:25.723,0:10:28.003
by economic growth and good policies

0:10:28.003,0:10:30.045
in poorer countries.

0:10:30.045,0:10:32.242
But go on a bit further up the curve,

0:10:32.242,0:10:34.351
and then we see it flattening out.

0:10:34.351,0:10:36.603
Each extra dollar of GDP

0:10:36.603,0:10:38.459
is buying less and less

0:10:38.459,0:10:40.370
social progress.

0:10:40.370,0:10:41.193
And with more and more

0:10:41.193,0:10:42.508
of the world's population

0:10:42.508,0:10:45.076
living on this part of the curve,

0:10:45.076,0:10:47.300
`It means GDP is becoming

0:10:47.300,0:10:49.084
less and less useful

0:10:49.084,0:10:51.600
as a guide to our development.

0:10:51.600,0:10:53.747
I'll show you an example of Brazil.

0:10:53.747,0:10:54.970
Here's Brazil,

0:10:54.970,0:10:56.287
social progress of about

0:10:56.287,0:10:57.841
70 out of 100.

0:10:57.841,0:11:00.335
GDP per capita about [br]14,000 dollars a year.

0:11:00.335,0:11:03.256
And look, Brazil's above the line.

0:11:03.256,0:11:05.142
Brazil is doing a reasonably good job

0:11:05.142,0:11:08.467
of turning GDP into social progress.

0:11:08.467,0:11:10.454
But where does Brazil go next?

0:11:10.454,0:11:11.966
Let's say that Brazil

0:11:11.966,0:11:13.738
adopts a bold economic plan

0:11:13.738,0:11:16.041
to double GDP in the next decade.

0:11:16.041,0:11:19.657
But that is only half a plan.

0:11:19.657,0:11:21.934
It's less than half a plan

0:11:21.934,0:11:22.762
because where does Brazil

0:11:22.762,0:11:25.186
want to go on social progress?

0:11:25.186,0:11:27.504
Brazil, it's possible

0:11:27.504,0:11:29.239
to increase your growth,

0:11:29.239,0:11:30.816
increase your GDP,

0:11:30.816,0:11:32.706
while stagnating or going backwards

0:11:32.706,0:11:34.055
on social progress.

0:11:34.055,0:11:35.031
We don't want Brazil

0:11:35.031,0:11:37.233
to become like Russia.

0:11:37.233,0:11:38.358
What you really want

0:11:38.358,0:11:39.285
is for Brazil

0:11:39.285,0:11:40.581
to get eve more efficient

0:11:40.581,0:11:42.893
at creating social progress

0:11:42.893,0:11:44.239
from its GDP

0:11:44.239,0:11:46.889
so it becomes more like New Zealand.

0:11:46.889,0:11:48.119
And what that means is that

0:11:48.119,0:11:50.776
Brazil needs to prioritize social progress

0:11:50.776,0:11:52.468
in its development plan

0:11:52.468,0:11:54.880
and see that it's not just growth alone,

0:11:54.880,0:11:57.532
its growth with social progress.

0:11:57.532,0:12:00.150
And that's what the Social Program Index does.

0:12:00.150,0:12:02.450
It reframes the debate about development,

0:12:02.450,0:12:04.820
not just about GDP alone,

0:12:04.820,0:12:07.399
but inclusive, sustainable growth

0:12:07.399,0:12:09.438
that brings real improvements

0:12:09.438,0:12:11.804
in people's lives.

0:12:11.804,0:12:14.394
And its not just about countries.

0:12:14.394,0:12:17.904
Earlier this year,

0:12:17.904,0:12:20.701
with our friends from the Imazon non-profit

0:12:20.701,0:12:22.400
here in Brazil, we launched

0:12:22.400,0:12:24.378
the first subnational

0:12:24.378,0:12:26.360
Social Progress Index.

0:12:26.360,0:12:28.868
We did it for the Amazon region,

0:12:28.868,0:12:31.115
it's an area the size of Europe,

0:12:31.115,0:12:32.656
24 million people,

0:12:32.656,0:12:35.084
one of the most deprived [br]parts of the country.

0:12:35.084,0:12:36.994
And here are the results,

0:12:36.994,0:12:38.629
and this is broken down

0:12:38.629,0:12:42.133
into nearly 800 different municipalities:

0:12:42.133,0:12:43.816
And with this detailed information

0:12:43.816,0:12:46.034
about the real quality of life

0:12:46.034,0:12:47.977
in this part of the country,

0:12:47.977,0:12:49.957
Amazon and other partners

0:12:49.957,0:12:52.286
from government, business and civil society

0:12:52.286,0:12:54.000
can work together to construct

0:12:54.000,0:12:55.677
a development plan

0:12:55.677,0:12:58.014
that will help really improve[br]people's lives,

0:12:58.014,0:13:01.250
while protecting that precious, global asset

0:13:01.250,0:13:04.221
that is the Amazon rainforest.

0:13:04.221,0:13:06.122
And this is just the beginning,

0:13:06.122,0:13:08.501
You can create a Social Progress Index

0:13:08.501,0:13:10.301
for any state,

0:13:10.301,0:13:11.323
region,

0:13:11.323,0:13:12.128
city

0:13:12.128,0:13:13.826
or municipality.

0:13:13.826,0:13:15.729
We all know and love TEDx,

0:13:15.729,0:13:17.971
this is SOCIALPROGRESSx.

0:13:17.971,0:13:19.435
This is a tool for anyone

0:13:19.435,0:13:21.184
to come and use.

0:13:21.184,0:13:22.515
Contrary to the ways we sometimes

0:13:22.515,0:13:24.034
talk about it,

0:13:24.034,0:13:27.495
GDP was not handed down from God

0:13:27.495,0:13:30.359
on tablets of stone.

0:13:30.359,0:13:32.210
It's a measurement tool

0:13:32.210,0:13:34.854
invented in the 20th-century

0:13:34.854,0:13:36.772
to address the challenges

0:13:36.772,0:13:39.135
of the 20th-century.

0:13:39.135,0:13:41.004
In the 21st-century,

0:13:41.004,0:13:43.456
we face new challenges:

0:13:43.456,0:13:45.514
aging, obesity, climate change,

0:13:45.514,0:13:46.619
and so on.

0:13:46.619,0:13:48.223
To face those challenges,

0:13:48.223,0:13:50.243
we need new tools of measurement,

0:13:50.243,0:13:53.997
new ways of valuing progress.

0:13:53.997,0:13:56.395
Imagine if we could measure

0:13:56.395,0:13:58.925
what non-profits, charities,

0:13:58.925,0:14:00.894
volunteers, civil society organizations

0:14:00.894,0:14:04.700
really contribute to our society.

0:14:04.700,0:14:07.308
Imagine if businesses competed

0:14:07.308,0:14:11.499
not just on the basis of[br]their economic contribution,

0:14:11.499,0:14:12.963
but on their contribution

0:14:12.963,0:14:14.997
to social progress.

0:14:14.997,0:14:17.080
Imagine if we could hold

0:14:17.080,0:14:18.949
politicians to account

0:14:18.949,0:14:23.146
for really improving people's lives.

0:14:23.146,0:14:26.521
Imagine if we could work together,

0:14:26.521,0:14:28.189
governments, business,

0:14:28.189,0:14:29.533
civil society,

0:14:29.533,0:14:31.361
me, you

0:14:31.361,0:14:32.800
and make this century

0:14:32.800,0:14:36.704
the century of social progress.

0:14:36.704,0:14:37.783
Thank you.

0:14:37.783,0:14:43.815
(Applause)