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Governor Karen Newsom of California spoke at the World Economic Forum, highlighting the state's accomplishments and commitment to sustainability. California has achieved record surpluses, paid off debt, and experienced significant GDP growth while also leading in decarbonization efforts. The state has ambitious climate goals, a cap and trade program, and a focus on environmental justice. Governor Newsom acknowledged the challenges from Washington DC but emphasized California's determination to invest in the future and prioritize resiliency. He encouraged a local approach to address global issues and celebrated diversity while uniting around common humanity. The governor expressed gratitude to the World Economic Forum for their dedication to global stewardship and leadership.

We will save over a trillion dollars by withdrawing from the Paris Climate Treaty.

The United States has the largest reserves of oil and gas in the world, and we may soon see significant growth in our country. For years, we have remained the same size, but that could change. Our focus will be on increased drilling, which is expected to lower prices and boost the economy.

Our economy is thriving with 15 million new jobs in 3 years, record small business growth, and historic job growth for minorities. We've added 800,000 manufacturing jobs, reduced the racial wealth gap, and increased health insurance coverage. Wages are rising, inflation is low, and we're exporting American products to create jobs at home. The American people are starting to see and feel these positive changes.

Justin Trudeau has significantly increased Canada's federal workforce to create an illusion of job growth amid economic challenges. This public sector hiring, which has added about 100,000 federal employees since he took office, allows the government to showcase employment gains. However, it imposes a substantial long-term financial burden on taxpayers, costing approximately $8.2 billion annually at an average salary of $82,000 per employee. This approach raises concerns about the sustainability of such growth and its impact on the economy.

In recent months, our administration has delivered for New Yorkers with increased jobs and decreased crime. However, we face fiscal challenges due to the asylum seeker crisis and the ending of COVID-19 stimulus funding. Without timely action from state and federal partners, tough choices will need to be made. We have already reduced city-funded spending by 5% and balanced the budget without disrupting services or raising taxes. But we still have a $7 billion budget gap and may need to make further cuts. We need to unite as a city and ask Albany and Washington DC for support. Despite the challenges, we will come back stronger, as that is the New York City way.

We need to focus on growing the economy and investing in important areas. Canada managed the pandemic better than many other countries, with fewer deaths and health issues due to high vaccination rates. Our economy is rebounding quickly, despite the challenges of rising costs and inflation. Our priority is to support people by investing in new housing, providing grocery rebates, and promoting competition. We are committed to helping Canadians pay their bills after the holiday season. While pandemic supports are ending, we will continue to support the economy and small businesses now and in the future.

We have a strong partnership with the Quebec government, working closely to meet the needs of Quebecers. We take pride in our investments in Quebec, which serve the interests of the Quebec nation.

In my first years as president, I managed to reduce the debt by $1.71 trillion, which is the largest reduction in history.

During our time in office, we faced a pandemic and high unemployment rates. However, our economic policies have successfully reduced inflation and led to the creation of 14 million new jobs, including 800,000 in manufacturing. Wages have also increased, indicating significant progress.

El déficit era la raíz de nuestros problemas, ya que sin él no hay deuda, emisión ni inflación. Ahora, por primera vez en 123 años, tenemos un superávit fiscal sostenido y estamos libres de default. Esto se logró mediante el ajuste más grande de la historia y un control estricto de la emisión monetaria, llevándola a cero. Hace un año, se imprimieron trece puntos del PBI en un intento electoral, sin considerar las consecuencias inflacionarias. Hoy, la inmersión monetaria es parte del pasado. --- The deficit was the root of our problems, as without it there is no debt, issuance, or inflation. Now, for the first time in 123 years, we have a sustained fiscal surplus and are free from default. This was achieved through the largest adjustment in history and strict control of monetary issuance, bringing it to zero. A year ago, thirteen points of GDP were printed in an electoral attempt, disregarding inflationary consequences. Today, monetary immersion is a thing of the past.

I reduced the national debt by $1.7 trillion, cutting it in half. In the last two years, we cut the debt by $1.7 trillion. This is a significant reduction that no one has ever achieved before.

Since taking office, we have generated over 14 million new well-paying jobs in the first two years.

This budget is likely the worst since 1982, leading us in the wrong direction for raising Canadian incomes and improving well-being in the medium term.

In just under a month, the Department of Government Efficiency has already saved over $55 billion, and this is only the beginning. We're on track to eliminate trillions of dollars in waste, which will lead to significantly lower inflation and interest rates. This will also result in reduced payments on mortgages, credit cards, and car loans, and a much stronger stock market. I anticipate the stock market performing exceptionally well. Our strategy involves rapidly expanding the economy by significantly reducing the size of the federal government, and this is a crucial step we must take.

Argentina's President Malay has achieved significant economic progress in just 6 months, reducing inflation from 25% to 8.8% and turning a budget deficit into a surplus. He cut public sector wages, subsidies, and deregulated markets to stimulate growth. Challenges remain with high inflation, spending, and regulation, as the opposition controls congress. Malay's focus is on increasing wages, reducing poverty, and supporting small businesses through deregulation and tax cuts. Success in these areas could pave the way for further reforms to transform Argentina's economy. Millions are hopeful for his success. Visit profsainanage.com for more details.

The transcript outlines a message delivered about the upcoming federal budget and a vision for Canada’s future. The speaker states that on November 4 the government will table the first federal budget, described as “our first federal budget.” This budget is presented as the plan to protect communities, protect borders, and safeguard Canadians’ way of life. It is also described as part of a broader strategy to build a stronger economy in which everyone has a chance to get ahead, and to empower Canadians with new opportunities, better careers, and a lower cost of living. Key objectives are emphasized through three interconnected commitments. First, protection and stability are highlighted by the assertion that the plan will protect communities, borders, and the Canadian way of life. Second, economic growth and opportunity are foregrounded through the goal of building a stronger economy where all Canadians have a fair opportunity to advance, accompanied by the aim to empower people with new opportunities, better careers, and a lower cost of living. Third, the message underscores empowerment and opportunity for Canadians in general, reinforcing the idea that the budget is tied to creating these improved conditions for everyday life. There is a viewpoint offered about the global context: “The old world order is disappearing, and a new one has yet to emerge.” This is presented as a backdrop that makes bold action necessary in order to shape Canada’s path in the years ahead. The speaker asserts that times like this require boldness, and that the manner in which the country responds will influence Canada’s trajectory for decades to come. The overall strategy is described as combining domestic and international efforts. Domestically, the plan involves “generational investments at home.” This phrase implies long-term, sustained investments intended to yield lasting benefits for Canadian society and the economy. Internationally, the plan calls for “deeper partnerships abroad,” signaling a commitment to strengthen ties with other countries as part of building Canada’s strength. Ultimately, the message conveys confidence that, through these combined measures—generational investments at home and deeper international partnerships—the result will be a stronger Canada. The speaker concludes that these actions will “build Canada strong,” tying the budget and the broader strategic approach to a durable national resilience and prosperity.

Justin Trudeau claims he doesn't need to explain how he will fund his promises, suggesting that the budget will balance itself. However, he has now acknowledged that he will run a modest deficit for three years, which he describes as so small it’s barely noticeable. This modest deficit is projected to be around $10 billion each year. We've seen similar situations before, particularly in Ontario, where modest deficits have led to significant financial issues.

When this president showed up to the White House, the six month annualized core inflation rate was 3.7%. Today, six months later, the six month annualized core inflation rate is 2.4%. Inflation will be tracking at 1.9%. And then I would also point to that report this morning showing that small business optimism has reached a five month high. We inherited an economic mess from the previous administration, but this administration is focused on fixing it every day. And part of that is signing the largest tax cuts into law to put more money back into the pockets of these small business owners.

I reduced the deficit by $1.7 trillion in just 2 years. No one has ever achieved this before.

An independent Alberta would eliminate federal income tax, GST, excise tax, carbon tax, and equalization payments. Alberta sends over $70 billion annually to Ottawa but receives less than $35 billion back. Independence would allow Alberta to control immigration, addressing infrastructure strains. Alberta would no longer be subject to arbitrary federal regulations. Take-home pay would more than double, and diesel prices would be halved. The speaker is going to Washington to seek US support for Alberta independence, hoping President Trump will support self-determination for Alberta, similar to his stance on Greenland. Independence would secure a US energy supply, free from federal regulations and emission caps. Alberta would no longer be subject to the "idiotic whims" of Ottawa politicians influenced by the World Economic Forum. The current Alberta government recognizes strong support for independence, potentially leading to a referendum this year with clear conditions for remaining in Canada. The goal is a free and independent Alberta.

In under a month, the Department of Government Efficiency has already saved over $55 billion, and this is only the beginning. We're targeting trillions of dollars in waste, which will lead to significantly lower inflation and interest rates. This will also bring down payments on mortgages, credit cards, and car loans, while boosting the stock market. I believe the stock market is going to perform exceptionally well. Our strategy involves rapidly growing the economy by dramatically reducing the size of the federal government, a necessary step for our nation's prosperity.

The federal government is investing over $4.2 billion this year to support refugees and asylum seekers.

Apple is announcing a $600,000,000,000 investment in the United States over the next four years. This is $100,000,000,000 more than originally planned and marks Apple's largest investment ever, both in America and globally. Apple is "coming home" with this investment.

Working with our team, we've identified $260 million in savings on contracts alone. Under President Trump's leadership, we're committed to eliminating fraud, abuse, and streamlining processes. I'm pleased to announce these significant savings and our ongoing efforts to be responsible stewards of taxpayer dollars. We anticipate finding even more savings in the future.