The Washington Post

Clinton’s summit to focus on job creation

Former president Bill Clinton will push corporations and nonprofit groups at his philanthropic summit this week to create jobs as the U.S. unemployment hovers at 9.1 percent and poor nations worry that the economic crisis will stall their labor-market growth.

More than 50 heads of state, including President Obama, are among the estimated 1,200 business leaders, humanitarians and celebrities expected to attend the seventh annual Clinton Global Initiative, which starts a three-day run on Tuesday.

This year the meeting will focus on three areas — job creation, sustainable consumption and programs for women and girls.

To attend Clinton’s summit in New York City, participants must commit to tackling the focus issues, and companies or individuals who do not keep that pledge cannot return.

Clinton, president from 1993 to 2001, told Reuters in an interview that a global focus on creating jobs is needed because there are several wealthy countries suffering, as is the United States, from high unemployment.

“And there are a lot of developing countries that are afraid the global economic crisis is going to stop them from creating sufficient employment to continue to grow,” Clinton said.

“Everyone understands that we don’t have any control over what the E.U. decides to do about Greece or whether America decides to clean up its housing debt more quickly or all those sorts of things but that there are lots of things that can be done everywhere to create more employment,” he said.

Clinton expects President Obama to speak about his $447 billion jobs plan when he addresses the summit on Wednesday.

“It’s going to be very difficult for us to return to full employment and dramatically robust growth until we find a way to unlock the capital reserves in the $2 trillion in corporate money . . . that is not being invested now and the more than $2 trillion that banks have in cash reserves,” Clinton said.

Clinton said creating jobs would be the key theme throughout this year’s summit. Other highlights include a conversation with Nobel laureate and democracy leader Aung San Suu Kyi, who will be appearing via video link from Burma. Suu Kyi was freed by the Burmese government last year after 15 years of house arrest.

Her appearance, Clinton said, would “remind us that a certain amount of political liberty and personal mobility is necessary to give girls and women equal chances in the world . . . and that is a precondition of broad-based economic growth in a lot of these developing countries.”

Clinton said his wife, Secretary of State Hillary Rodham Clinton, and their daughter, Chelsea, also may speak about U.S. initiatives to help women and girls around the world.

Clinton’s summit was born out of his frustration while president at attending conferences that were more talk than action. When the initiative began, corporations tended to show up and write checks to fund humanitarian programs. Now many see philanthropy in terms of investment opportunities.

“What I really am trying to do is to develop models of doing business in a way that makes CGI [the Clinton Global Initiative] less necessary, but we’re not there yet,” Clinton said, adding that he wants it to be standard practice for the public, private and nonprofit sectors to work together to tackle social and economic challenges.

Since the initiative started, more than 2,000 pledges have been made valued at more than $63 billion, and they have improved the lives of more than 300 million people in 180 countries, Clinton has said.

— Reuters

Read more on PostPolitics.com

To save money, federal agencies to start buying in bulk

Rick Perry’s newbie mistake on the Israeli-Palestinian conflict

The Freddie Gray case

Please provide a valid email address.

You’re all set!

Campaign 2016 Email Updates

Please provide a valid email address.

You’re all set!

Get Zika news by email

Please provide a valid email address.

You’re all set!
Comments
Show Comments
The New Hampshire primary is Tuesday. Get caught up on the race.
New Hampshire primary: What to expect
New Hampshire will hold a traditional primary just eight days after the Iowa caucuses. Polling in the Granite state has historically been volatile in the final weeks before the primary. After the Iowa caucuses, many New Hampshire voters cement their opinions.
The Post's Ed O'Keefe says ...
Something has clicked for Bush in New Hampshire in the past few days. What has transpired by no means guarantees him a top-tier finish in Tuesday’s Republican primary here, but the crowds turning out to see him are bigger, his delivery on the stump is crisper and some of his key rivals have stumbled. At the least, the developments have mostly silenced talk of a hasty exit and skittish donors.
The feminist appeal may not be working for Clinton
In New Hampshire, Sen. Bernie Sanders is beating Clinton among women by eight percentage points, according to a new CNN-WMUR survey. This represents a big shift from the results last week in the Iowa caucuses, where Clinton won women by 11 points.
New Hampshire polling averages
Donald Trump holds a commanding lead in the next state to vote, but Marco Rubio has recently seen a jump in his support, according to polls.
New Hampshire polling averages
A victory in New Hampshire revitalized Hillary Clinton's demoralized campaign in 2008. But this time, she's trailing Bernie Sanders, from neighboring Vermont. She left the state Sunday to go to Flint, Mich., where a cost-saving decision led to poisonous levels of lead in the water of the poor, heavily black, rust-belt city. 
55% 40%
Upcoming debates
Feb. 11: Democratic debate

on PBS, in Wisconsin

Feb 13: GOP debate

on CBS News, in South Carolina

Feb. 25: GOP debate

on CNN, in Houston, Texas

Campaign 2016
State of the race

To keep reading, please enter your email address.

You’ll also receive from The Washington Post:
  • A free 6-week digital subscription
  • Our daily newsletter in your inbox

Please enter a valid email address

I have read and agree to the Terms of Service and Privacy Policy.

Please indicate agreement.

Thank you.

Check your inbox. We’ve sent an email explaining how to set up an account and activate your free digital subscription.