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[[John Rice, GE Vice Chairman on innovation, education & healthcare] [♪upbeat music♪]]
[I'll talk a little bit about GE today in the current context]
[and then about some of our directions.]
[We've been around for 130 years,]
[and there are a couple of cycles every decade]
[and a big depression in the middle of that period,]
[and you don't weather those storms unless you have a view of the long term.]
[We balance short and long term all the time,]
[and whether you talk about Aviation, whether you're talking about our Energy business,]
[which has to do the same thing,]
[if you want to think about the development of next generation healthcare technologies,]
[they're all long-term bets that require you to do things over the course of years]
[and sometimes decades in order to deliver for both your customers and your shareholders.]
[Health is on everybody's mind.]
[There are several billion people in this world that don't have access to affordable energy,]
[clean water, adequate healthcare.]
[There's 50 million people in the United States that have to go to the emergency room]
[to get some form of treatment.]
[That shouldn't be allowed to happen in this country.]
[It's going to take us a while to serve the needs ]
[of the two billion underserved people in the world--decades, not years.]
[It's a complicated problem to solve,]
[but we're going to be part of the solution.]
[We launched, several weeks ago, an effort we call healthymagination,]
[and it was a real stake in the ground for us,]
[and we understand that we're maybe just a few links in a long chain]
[that delivers healthcare and creates outcome.]
[But between Equipment, our Healthcare IT business, and our Life Sciences businesses,]
[we have the most complete portfolio, and we think we have a much bigger role to play.]
[We're very proud of our association with the public education effort,]
[and no matter where we send our kids to school--public or private, charter or otherwise--]
[if the public school systems don't make it in the United States,]
[we're going to lose our competitive advantage.]
[We've allocated $150 million to 6 public school systems around the country]
[to develop capabilities in math and science.]
