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Quest Means Business
Virgin Galactic Failure; Space Tourism in New Mexico; Barroso's Decade of Crises; UN Official Warns of Breeding Ebola Panic; Portuguese Tourism
Aired November 03, 2014 - 16:00 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
(NEW YORK STOCK EXCHANGE CLOSING BELL)
RICHARD QUEST, HOST: Nearly a false start on the bell as it's ringing and trading comes to a close. The market is just a tad off on the day, not
a very large move. Trading is over. The bell may have rung, she hit the gavel, it is Monday, it is the 3rd of November.
Tonight, safety, space tourism, and that fatal test flight. Sir Richard Branson tells us the risk is worth it.
Also, the man who helped turn Branson's dreams into this new reality. I'll be live with the former New Mexico governor, Bill Richardson. He's on
this program tonight.
And a red card from Emirates as the airline cuts its ties with FIFA.
I'm Richard Quest. We start a new week together and, of course, I mean business.
Good evening. Tonight, Sir Richard Branson is undeterred in his mission to bring civilians into space, and that's despite Friday's deadly
failure. The Virgin Group founder has told CNN that he believes in the future of space tourism and still plans to be Virgin Galactic's first
passenger.
It all happens as the NTSB in some early comments on Sunday night now say that there may have been a malfunction on part of the aircraft's
guidance system. We're talking about the feathering.
Now, if you stop the video around about here, you'll see how those two arms have moved up. Now, those arms moving up are part of the feathering
system. And what happens is, as they move up, so it creates further drag on the aircraft.
And now, of course, as you'll witness, the aircraft will then go into a dive to enter back towards the Earth as it comes back, and the feathered
arms move back into the horizontal position.
What the NTSB is saying is that those seem to have become unlocked too soon in the flight. They're supposed to unlock and feather at 1.4 mach.
The evidence so far suggests that they did so at the speed of sound, mach.
Now, all this comes as the fuel tank and the rocket motors, which some suggest it had exploded, are found to have been intact, which has given Sir
Richard Branson some anger as he's criticized newspapers over the weekend for making what he said were wrong comments.
CNN's Poppy Harlow spoke to Sir Richard Branson in the wake of the deadly crash that claimed the life of the copilot, Michael Alsbury. Poppy
asked Sir Richard if the risk was worth it.
(BEGIN VIDEOTAPE)
RICHARD BRANSON, FOUNDER, VIRGIN GROUP: Yes, the risk is worth it. And as I say, Mike would've been the first to say that. I'm sure in his
parents' and his wife and his sisters would not say that, but test pilots would say that because they know the risk they're taking, that they know
the importance of what they're doing, we know the importance of what we're doing.
And if test pilots hadn't taken risks, we wouldn't have had the 747. Two of the comets blew up in the early days of airline travel, and now,
airline travel's as safe as anything. We've got to go through the difficult testing stage of creating a spaceline in order to make it safe
for travelers who want to travel on that spaceline in the years ahead. And we will persevere and we will succeed.
POPPY HARLOW, CNN CORRESPONDENT: Will you still be the first, along with your family and a few others, to take that first civilian flight into
space, Richard?
BRANSON: There is no way that I would ask others to travel on Virgin Galactic unless I'd been the first to go myself, and therefore I will
certainly be the first to travel. If it's -- if I didn't feel it was safe enough for myself, I would not ask other people to take a flight.
So, we will finish building the next spaceship. We will learn from what happened to the first spaceship. We will test it many, many times
before we go with many test pilots flying it. And then I will go, and then the 800 astronauts who have been so supportive and have signed up to go
will start to go.
And it will be still the start of a whole new space era that -- obviously, as happened with NASA, with tragedy in its history.
HARLOW: You told me just a month of so ago that the first civilian flight you were hoping would go up in early 2015. How far does this push
that back?
BRANSON: I think it would be too soon for me to talk about dates right now. All that matters is that we can -- is that the 400 people who
are working there push on, work enormously hard to get the new spaceship finished. And when we're ready and when we're completely sure that we have
a safe vehicle to go, we will go.
HARLOW: Let me ask you this: CNN aviation analyst Miles O'Brien this morning said that you and Virgin Galactic, he believes, have, quote,
"consistently underestimated to the public what it takes to get to space, the risk involved." He said that there has been, really, a "gloss painted
on this that does not reflect reality." What is your response to that?
BRANSON: There have been some incredible things said over the last two days since the accident. Mainly by the British press, not generally
speaking by the American press. People have talked about rockets blowing up and people have analyzed to death why the rocket blew up, they talked
about fuel tanks blowing up, they talked about explosions.
And lots of self-proclaimed experts have gone on television to explain why all this happened when, of course, none of it happened. And when you
have incidents, you're going to get people who are quick to criticize what is a pioneering program.
(END VIDEOTAPE)
QUEST: The pioneering industry. Now, much of the pioneering industry is now based in this part of the United States. The spacecraft failure in
the Mohave Desert is a major blow to the tourism industry in nearby New Mexico. That's where the Spaceport America is meant to become the hub of
Virgin Galactic's commercial space flights once testing is completed.
The crash is the latest of many setbacks and delays for the spaceport, which is some 18,000 acres big. It's been built by -- or at least
subsidized by taxpayers' money and costs around a quarter of a billion dollars.
The former New Mexico governor, Bill Richardson, championed the port construction and the partnership with Virgin. In 2010, Governor Richardson
celebrated the completion of the spaceport of a spacecraft flew through the sky.
(BEGIN VIDEO CLIP)
BILL RICHARDSON, FORMER GOVERNOR OF NEW MEXICO: Richard and I shook hands five years ago and embarked on this project over a lot of unknowns.
And quite frankly, a lot of risk for both Virgin and for the state of New Mexico.
But we took the risk, and here we are today, landing on the runway, touring the terminal hangar facility, and talking about when commercial
operations will begin.
(END VIDEO CLIP)
QUEST: The former governor of New Mexico, Bill Richardson, joins me now from Santa Fe. Governor Richardson, I need to start asking you the
same question that Poppy Harlow asked Sir Richard -- I think you heard his answer. Was or is, bearing in mind the bigger picture, is the risk worth
it?
RICHARDSON: Well, in my view, the risk is worth it. When there's space pioneering technology, something new, something that hasn't been done
before, there are risks. And unfortunately, the life of a superb human being was lost.
And at the same time, I think the advances for space, for all kinds of research, environmental science, and space tourism is worth the risk. For
my state, we checked into Virgin Galactic and Sir Richard Branson. Everything that they've ever touched, commercial, non-profit, has been
first-rate. I trust Richard Branson, I trust the science of Virgin Galactic.
In my view, the risk is worth it. It's going to be great for my state with new jobs, new technology, science and engineering education for young
people.
QUEST: Right.
RICHARDSON: I've always been a space nut or addict. So, I think, Richard, yes, this is a setback, but we must learn from our setbacks.
QUEST: Then I know the answer to my next question before I've even asked it, which is, of course, you would be committed, then, to maintaining
the spaceport once, of course, the safety has been assured, the NTSB has reported. You still want the spaceport to be the hub for space tourism?
RICHARDSON: Yes, and I want it to be in New Mexico. Hopefully, the governor that succeeded me supports it a little more than she has. But at
the same time, Richard, my state will benefit, the country will benefit, science and technology will benefit.
This is not just commercial space is new, but also government space. We've had tragedies. I'm not justifying exactly what happened. But I
think you learn from the mistakes that, perhaps, were made. But I think it's worth the risk.
And I trust Virgin Galactic to get to the bottom of this. And if it means a delay in the first flights on space tourism, so be it. Let's do it
right, let's do it with safety, but let's do it with the best science. Let's not have media hysteria and politicians --
QUEST: Right.
RICHARDSON: -- making decisions. Let scientists and engineers and safety experts make the decisions. But it is worth the risk.
QUEST: Do you think -- and I realize this is a difficult question, bearing in mind a man's lost his life and is -- but do you think that our
society has become too risk-averse?
If you think back to the Wright Brothers and you think back to the early days of the automobile and you think back to the people who were
prepared to cross oceans not knowing whether the Earth was flat or wrong, we have become a society where if we cannot eliminate risk, we look to
someone to sue.
RICHARDSON: Well, I would agree with that premise. There's as much risk falling off a horse or an airplane crashing or an automobile crashing,
if you look at statistics. Now, when you're talking about new scientific technology, you've got to assume that there will be risks, there will be
difficult tests, difficult periods, debate. That should happen.
But that should not deter us from exploring the universe, exploring what's beyond us. And space tourism, I believe, is a wave of the future.
I think governments are moving away from government-funded space. They're moving into commercial space.
And that's what it should be, the private sector working with the government to make things better for mankind. And I do think that space
research is in that category of improving environmental science, medicine, space travel. I wish we had gone to Mars. I wish we'd gone from the moon
to Mars --
QUEST: Right.
RICHARDSON: -- but we didn't do it. And I think the world is a casualty there.
QUEST: Governor Richardson, thank you for joining us, sir. I appreciate your time this evening. We'll talk more about this, I know, in
the weeks and months -- and thank you for coming on QUEST MEANS BUSINESS, as always, sir.
Now, as we continue, it's been a decade of turmoil for Europe. Well, we're going to meet the man who held it together, tried to hold it
together, and some would say did a rather good job of making sure the whole thing didn't fall apart.
(COMMERCIAL BREAK)
QUEST: The new European Commission, led by President Jean-Claude Juncker, has taken office.
(RINGS BELL)
QUEST: Worth a bell of anyone's money. Mr. Juncker takes over from Jose Manuel Barroso, who was in the job for a decade, a time that was
marked by more crises than most, and you and I have followed them point by point. So --
(RINGS BELL)
QUEST: -- in 2010, following the bailout of Greece, President Barroso pledged to defend the euro as much as he could. The following year, his
own country, Portugal --
(RINGS BELL)
QUEST: -- had to do a Greece, turning to international lenders for a bailout. And in 2012, with the eurozone in crisis and anti-austerity riots
across the continent. President Barroso said a European federation was unavoidable if the euro was to survive. He said that in his State of the
Union speech.
Now go to 2013. The Cyprus banking system is close to collapse and now becomes a member of the bailout club. This year, President Barroso
called the Ukrainian crisis the "biggest threat to European stability since the fall of the Berlin Wall."
You are now getting the picture of a man who was at the very heart of all the crises that developed on his watch. I spoke to President Barroso
just as he left office, and I asked him, when he took the oath of office, when he became president of the European Commission, only a lunatic would
have anticipated all the crises, and he certainly couldn't have known what was about to happen.
(BEGIN VIDEOTAPE)
JOSE MANUEL BARROSO, FORMER PRESIDENT OF THE EUROPEAN COMMISSION: I could never imagine so many crises and so deep crises. This was the
biggest crisis ever facing European integration.
But I believe during the crisis, we have shown the extraordinary resilience of the European Union, and contrary to many predictions -- and
you remember when people were predicting the end of the euro, division of the euro -- we have shown that yes, we are able to overcome the problems.
QUEST: As the process went on, we became familiar with the concept of the European fudge, the European muddling through. Time and again, people
said, "It's the European way." But the problem was, the European way ended up giving us slower growth, it rescued eventually, but it was -- your own
words, Mr. President, it was "painful" to watch and go through.
BARROSO: Because it's difficult to have a consensus today along 28 countries that are European Union, 28 sovereign countries. But looking
introspects, the reality is that, at the end, we were able to take all those decisions. I would have wished stronger response quicker, but we
have democracies, and we know well that the time of democracies is not exactly the time of the markets.
Today, in terms of integration, the European Union is more integrated, there are more powers for the European Commission, for the European Central
Bank, then before the crisis. And so, the steps have been all for more and not for less integration.
QUEST: Did you ever -- I know there were meetings when the future of the euro was being discussed -- did you ever think for a second Greece or
another member would leave, or that the euro would have to be reformed?
BARROSO: No, that the euro has to be reformed, it was reformed. And now we have a new system of governance, we have new instruments, much
stronger. That I was in favor.
But I was always against -- always against, differently from others -- I was against Greece leaving the euro because I thought -- and I told you
at that time, Richard, you remember -- that if Greece was leaving, it could have a domino effect on others and it would be very negative.
And I was also against the division of the euro while other institutions and some governments were, at that moment, advocating just
that. So, I thought that the worst could happen, yes, in some moments. But I was always confident my, let's say, central scenario was that we are
going to overcome the crisis.
QUEST: I want to look to the future. Your State of the Union speech in 2012 was one of the most dramatic that I can remember you making, for
the simple reason, sir: you opened the Pandora's Box of political union. We need to take concrete steps now with a political union on the horizon.
We can call it "political union," we can call it more federalism, we can call it whatever we like. But that's what you're talking about, isn't
it? A more federal structure.
BARROSO: Yes. For the euro area, I have no doubts that we have to go that way. Not necessarily for all the European Union, but I believe that
to have a common currency demands credibility of the situational construct behind it.
So, we need sooner or later a political union. And in fact, we are going that direction. It was, I noticed, because probably of other
problems that we already mentioned, but in the last euro area summit, the last conclusion, a very small paragraph asks the president of the
Commission, together with the presidents of the other institutions --
QUEST: Right.
BARROSO: -- to come with new ideas for further integration --
QUEST: Right.
BARROSO: -- in the euro area. So I can promise you that this is going to be a step further because, for the currency to be a common
currency, we need --
QUEST: So --
BARROSO: -- more integration in the euro area.
QUEST: Mr. President, have you enjoyed it? I mean, I've seen you --
BARROSO: Yes.
QUEST: -- there have been moments when I've seen you coming out of meetings and, frankly, have no idea how you've stayed awake or kept going.
You've been a prime minister, you've been a president. What next, Mr. Secretary-General?
(LAUGHTER)
BARROSO: Look, I've enjoyed very much, indeed. In my country, we say that the one who runs because he enjoys it, he never gets tired. So, I was
enjoying almost every minute of it.
I've lost some illusions, but I leave with the same or even more enthusiasm. And this explains why, as you say, I did not feel tired in
some moments.
Now, about my future, frankly, I have not yet decided. I don't know. I would like to keep options open. As also we say in my country, God
decides our future. It means that certainly we cannot control all the variables, so let's see what the future can reserve to us.
(END VIDEOTAPE)
QUEST: President Jose Manuel Barroso as he leaves office. And my question there, a somewhat obscure reference to the rumor that maybe --
maybe -- in 2016, Mr. Barroso, as he now, wants to become the next secretary-general of the United Nations.
A top UN official tells me Africa is not panicking over Ebola, and it's time for other countries to quit playing politics and breeding panic.
You'll hear from the head of the UN World Tourism Organization on his thoughts.
(COMMERCIAL BREAK)
QUEST: Australia is being urged to reconsider its visa ban on countries that are battling to contain the Ebola outbreak. The call has
come from the head of the United Nations travel agency. The Ebola outbreak in West Africa will soon pass a grim milestone: 5,000 lives have been
claimed by the deadly virus.
In London, the World Travel Market, one of the world's biggest exhibitions, began today. For countries across the world, the focus is how
the Ebola crisis can be managed without damaging tourism.
I spoke to Taleb Rifai, the secretary-general of the UNWTO, the World Tourism Organization, and asked him about the worries, the global response,
and the seeming panic now over Ebola.
(BEGIN VIDEOTAPE)
TALEB RIFAI, SECRETARY-GENERAL, UN WORLD TOURISM ORGANIZATION: My fundamental fear is that we are encouraging more panic, more exaggerated
reaction, and panic breeds more panic, and it's not the way to deal with the issue.
QUEST: But isn't that inevitable in this environment, where people are fearful. No amount of telling people you can only get it by contact
with infected fluids seems to get people away from this idea. They fear otherwise.
RIFAI: Africa's not panicking. Africans are not panicking. The point is, when political leaders and when governments start wanting to
appease the popular feeling, they breed more panic, and the aggravate the problem. And they bring problems to themselves as well, eventually. It
just simply does not work.
QUEST: Kofi Annan suggested to me last week in an interview that what we were now seeing was domestic politics, particularly in the US -- you've
got the midterm elections this week -- domestic politics playing a large role in these -- in this issue. Do you agree with him?
RIFAI: Kofi Annan is right. Kofi Annan is absolutely right. I hope we keep domestic politics and local politics out of this. It's a global
problem. It's not the problem of West Africa, it's the problem of all of us. Let's deal with it the right way, the scientific way, and the correct
way.
QUEST: So, what would your message to Australia be?
RIFAI: Please listen to what WHO is saying, the World Health Organization. They're the experts, and they're saying no ban on travel.
Unnecessary restrictions do not help. Isolating countries and nationalities as opposed to individuals does not work. Let's not make
panic breed more panic.
QUEST: If we look at the industry overall this year, it's been a difficult year, hasn't it? With terrorism attacks in some cases, with
worries over health scares. Where do you find room for optimism in an industry that spends so much of its time selling dreams?
RIFAI: You're correct about the first part, but the end result is that tourism and travel is still growing, even under the current
circumstances. In the first eight months of 2014, we had a 5 percent growth over 2013. In spite of Ebola, in spite of ISIS, in spite of many,
many items that you just need to look at CNN to watch the news and see what's going on.
So, the end result at the global level is that we continue to grow. That's where we find our faith and that's where we find our encouragement
and optimism.
(END VIDEOTAPE)
QUEST: Adolfo Mesquita Nunes is the Portuguese tourism minister. He says tourism can contribute more to the economy than it does now. He joins
me now. Minister, good to see you sir.
ADOLFO MESQUITA NUNES, PORTUGUESE TOURISM MINISTER: Happy to be here.
QUEST: Good to see you. The Ebola crisis -- what Taleb was saying, what everybody's saying, there is a sense of downright alarm and panic.
What needs to be done.
NUNES: I agree with the secretary-general. I think that we can -- we have a virus, and the virus cannot be the misinformation and the panic.
And I think that the last week shows that most of the initial panic was not to be considered as true reality.
So, I do think that the tourism industry, which is what is most important to me, will be OK, although misinformation.
QUEST: Right. Talk about your country, now.
NUNES: Yes.
QUEST: Coming out of a dreadful financial crisis. How much of a percentage of GDP is tourism for Portugal?
NUNES: Between 9 and 10 percent.
QUEST: Between 9 and 10 percent, so it's crucial.
NUNES: It's crucial. And to the GDP, to the employment, and to the exports.
QUEST: So, how are you going to grow that now? How are you going to get it back on track? Because you're going to tell me that the numbers
were marvelous in 2014 --
NUNES: Yes.
QUEST: -- that you had a spectacular summer.
NUNES: Which was true. 2013 was the best year ever, and 2014 is growing more than 10 percent.
QUEST: Is that because you cut the prices so it became an attractive proposition?
NUNES: No, the prices are getting higher. The only way you have to increase the prices is to increase the demand, so it's what's happening.
We have growth of more than 10 percent in the demand, and the revenues of the hotels are growing 13 percent, which means that the prices are getting
higher.
QUEST: So, what do you now need? Because one of the things whenever I meet -- I've never met a tourism minister who wasn't bullish about his
market. Which, of course, is what your job is.
NUNES: Yes.
QUEST: But what do you now need from your prime minister, from your cabinet colleagues, from your gut from the government in Portugal to
sustain that growth?
NUNES: OK. We need to have, as we are doing now, the tourist as a priority. Tourism is quite transversal. If your colleagues of culture,
transports, economy, agriculture, are not focused on tourism also, a lot of things can be lost --
QUEST: And they're not --
NUNES: -- either way.
QUEST: -- because they think it's easy fruit off the tree. You know it and I do it, you may not admit it, but your colleagues think it's easy
fruit off the tree.
NUNES: So, we've created a council of ministers just for tourism. Monthly, we discuss the subjects of the tourism all together. That's the
way we found, and it was successful, to start deregulating the tourism and creating better conditions for our companies to invest and to succeed.
Tourism is a private industry, and we need to focus on the private industries.
QUEST: Briefly, what's the one change we're going to see in Portugal's tourism next year versus this year as you continue that
strategy?
NUNES: It --
(CROSSTALK)
QUEST: Because let's face it, Spain wants your market, Italy wants your market, France wants your market. Everybody else wants to eat your
lunch.
NUNES: No, it's a good problem to have, growing more than Spain and France, as we are doing now. What we are going to keep is our strategy in
promoting the country in a very technical way. I usually say when the secretary of state is promoting something, he's looking for votes, not for
tourists.
And that's what we are doing now, de-politicizing the promotion, making it a technical issue, and that's what we are doing with the private
sector. It's impossible to rule the tourism activity if you are not connected to the private sector, which is the most important thing.
And of course, we want to be the next story, the next news story, and that's what we are doing, maybe here, and to invite people to come to my
country.
QUEST: You're a politician. Thank you, sir.
NUNES: Yes, I am. Thank you.
QUEST: Thank you very much, indeed.
When we come back after the break, soccer's top governing body is already facing allegations of corruption. Now, FIFA's got the red card
from one of its major sponsors. It's QUEST MEANS BUSINESS, we're in London.
(RINGS BELL)
(COMMERCIAL BREAK)
QUEST: Hello, I'm Richard Quest. There's more "Quest Means Business" in just a moment. This is CNN, and on this network the news always comes
first. U.S. investigators say a co-pilot may have triggered a system too early seconds before its Virgin Galactic spaceship broke apart. Friday's
disaster in the California desert killed one pilot and injured the other. Officials warn it could be months before they determine exactly what went
wrong. A court in Hong Kong has charged a British banker with two grisly murders.
Rurik Jutting didn't enter a plea and will remain behind bars until his next court appearance. The police say they discovered the bodies of two
young women in his apartment. One had been stuffed into a suitcase. Al-Qaeda-linked rebels are gaining ground in Syria's Idlib Province.
Activists say al-Nusra fighters have seized key districts from moderate Syrian rebels. Al-Nusra also claims to have over (inaudible) weapons
(inaudible), seizing arms supplied by the United States. In an exclusive interview with CNN, U.S. Vice President Joe Biden says the
Democratic party can keep control of the U.S. Senate, on the eve of the mid-term elections across the United States. His comments and polls
suggest the Republican party will win back control over the Senate for the first time in almost a decade.
There will be complete coverage of the U.S. mid-term elections on CNN this Tuesday. Wolf Blitzer, Anderson Cooper and the entire political team has
the analysis of CNN's election night in America at a quarter to midnight in London, also one in the morning on Tuesday.
QUEST: Emirates Airlines says it will end its sponsorship deal with FIFA at the end of this year. It's the first of FIFA's major sponsors to
cut the ties since allegations of corruption surrounding the 2018 and 2022 World Cup surfaced over the summer. Those are the big ones. Now there is
five. Sony is also reportedly reviewing its ties. Meanwhile, the Confederation of African Football has denied Morocco's request to postpone
the Africa's Cup of Nations. Morocco said it was worried about the spread of Ebola. The country has until the end of the week to decide if it will
host the (inaudible). You can see - West Africa, the three countries there - Morocco up in the northwest of Africa and of course the (AUDIO GAP) the
issue. Now, World Sport's Patrick Snell joins me from the CNN Center in Atlanta. The - we start - I want to start briefly with the Emirates story
if I could. How serious is this? Because not only is it just one sponsor, it's a sponsor who is quitting about an allegation concerning another Gulf
country.
PATRICK SNELL, @PATRICKCNN: And also, to make it very clear, they're not pulling the plug on football either because they still have tie-ups,
Richard, with domestic European clubs like Paris Saint-Germain, England's Arsenal and of course most notably Real Madrid. So this is a statement, if
you like - a very clear one and specifically with FIFA in mind. Now, this is why it's totally significant - because, you know, Emirates had a long-
standing relationship and a highly lucrative one too, Richard, with football's world governing body going back to Germany '06. Remember that
tournament very, very clearly. I was there on the ground in the German capital, Berlin, throughout the tournament, and their presence was a very
visible one. There's no question about that. It was expanded to South Africa 2010, and then of course Brazil 2014. But of those big six
corporate buoys (ph) that you just showed there, four of them I want to point out have actually renewed through 2022 at least when the tournament
will be played in Qatar. But as you say, it's the Japanese powerhouse (ph) Sony -
QUEST: Right.
SNELL: -- reportedly considering its options as well right now.
QUEST: Now, this decision by the Confederation of African Nations - I mean - not to allow Morocco to postpone the tournament. Is this - I guess
is Morocco's request to postpone - is it -- because of the spread of Ebola -- is it considered within the football fraternity a legitimate, a
reasonable request? Once again, where does the science on this?
SNELL: Well, again, as far as CAF of the Confederation of African Federation members is making it very clear - they are absolutely adamant,
Richard - that the tournament must go ahead. Now, whether that's in Morocco or not, remains to be seen. But CAF did put out a statement
basically making it very clear that since 1957, that the African continent's premier tournament has never been postponed or deferred, and
it's very clear that -
QUEST: Well -
SNELL: -- well it's very important to them and that is in their thinking. Now, seven other countries have reportedly been put on standby
to host should Morocco say no we're not doing it. By the way, the key dates here are - first of all - this coming Saturday when Morocco has to
declare its hand and then a final decision will be on November the 11th when CAF either makes the decision for Morocco or not. So, we're watching
that one very, very closely indeed. South Africa by the way -
QUEST: Right, I -
SNELL: -- coming out and saying, look we're there - distancing themselves from trying to host the tournament again.
QUEST: So, but - coming back to my fundamental - my point, Patrick - where's the science on all of this? Are Morocco perceived in wanting to -
well I suppose the guts of my question is - who seems to be the most reasonable here? CAF or the Moroccans? Who is actually at risk here as
being seen to be unreasonable?
SNELL: Well, I think it depends on which way you look at it. I think, depending on who you speak to, the facts are very clear - nearly
5,000 lives, Richard, have been lost to Ebola, mainly across the African continent. Sierra Leone is already not staging any football at all. And I
think basically from the Moroccan point of view, it's a case of no safety, no safety at all can be guaranteed. That's their concern and I think
they're declaring their hand right now, and it's going to be extremely interesting to see which way CAF actually decides on this. I know
certainly from tweets and social media activity -
QUEST: Right.
SNELL: -- people are all having their say. And as I say, we're watching this one very closely indeed. But as I say, let's just stress the
best part of 5,000 lives have been lost to Ebola.
QUEST: Five thousand and rising. Many thanks, Patrick Snell. We'll continue to talk about the effects of Ebola after this short break because
the Kenyan tourism minister is very keen to point out that the distance from the affected countries to Nairobi is almost as far as from me in
London to where she is in Nairobi. After the break.
(COMMERCIAL BREAK)
QUEST: The distance from London to Nairobi is roughly 4 and 1/2 thousand miles. To go from the furthest point of the affected countries by
Ebola to Nairobi isn't about a third less - it's 3 and something thousand miles. I spoke to the Kenyan tourism minister-Phyllis Candy. Her country
is literally on the other side of the continent. They haven't had any cases of Ebola. It's almost as far from there to here as there to there.
But she told me the fundamental misunderstanding in Africa and in the world about the spread of Ebola across the continent.
(BEGIN VIDEOCLIP)
PHYLLIS KANDIE, KENYAN MINISTER FOR COMMERCE AND TOURISM: Kenya is further from West Africa than it is to fly from London to Nairobi. So
that's how the geography is. What people don't understand is so it has affected our tourism sector, people think the whole of Africa has Ebola,
which is not true. In fact, Kenya has not had one Ebola case (inaudible) so far.
QUEST: The perception is that it's easier to get from West Africa to East Africa than as you would say to get from London to Nairobi.
KANDIE: Transportation in Africa is very limited. We stopped our airline going to West Africa, and so because of the Ebola outbreak in West
Africa. So it's not quite easy to move around Africa.
QUEST: You innovative got position here (ph) because on the one hand you want to show solidarity with your African countries - your partners, --
but on the other hand, you need to tell the rest of the world that you're not affected, you're OK. Very difficult.
KANDIE: We try to balance that, because first of all is the government has taken precautions to ensure that every visitor that comes to
Kenya, you know, is tested for Ebola, and we have, you know, the hospitals ready for any eventuality - that's number one.
QUEST: So you are ready?
KANDIE: We are ready. We are Ebola-ready as much as we can do - we can be. Secondly, we have to support our brothers and sisters in West
Africa. We have sent our nurses and doctors to go to the site and support those countries that are being affected by Ebola. Because, really, they
didn't call it upon themselves. We must as human beings respond.
QUEST: When it comes to this other big question you've got which is one of security, one of issue. Now, of course Kenya's had some very well-
publicized incidents. Now you have to try and convince people the country's safe. Because there are concerns and there are still some travel
advisories or warnings which I know you're furious about.
KANDIE: Yes, we are furious about travel advisories. And as of this morning I went to the foreign office to actually tell them what we have
been doing as government to ensure that we - you know - and give them the latest information - what we are doing with regard to security measures -
so that we can - they can - lift the travel advisories. That is very important for us. Terrorism is an international problem. It's not a
Kenyan problem. And, you know, it has affected most parts of the world. Terrorism is not everywhere in Kenya. It's in very specific places, and we
have confined it and dealt with it.
QUEST: Is this a year for merely protecting against all these issues or is this a year for growing?
KANDIE: This is a year for growing. I have good news for you - let me tell you what happened in the British market tourism poll. We've had -
we had - a drop of 5 percent of income in tourists from the British market. In total we had a drop of 15 percent. That means 85 percent of the
tourists have come. Let's look on the positive side. There was a panic, there was misinformation, you know, about what happened. But that
terrorism incident is one very specific to area. It's not everywhere. Ninety-seven percent of Kenya is safe. And I think (inaudible).
QUEST: You have to keep drumming that message too.
KANDIE: Yes, we have to do that - all the time.
(END VIDEOCLIP)
QUEST: That's the Kenyan tourism minister talking to me at the World Tourism Market in London. Throughout the course of the week you may hear
more ministers who have got issues of tourism, as we continue our coverage. After the break, Peter Buffett is a man who got money and we'll tell you
how he spent it. But his father is one of the richest men in the world, so what Peter and Warren Buffett did was decided to give it away. After the
break.
(COMMERCIAL BREAK)
QUEST: Here's a quote for you to think about. If you're one of the luckiest 1 percent of humanity, you owe it to the rest of humanity to think
about the other 99 percent. Those are the words of Warren Buffett, he's one of the richest men in the world, and he is a celebrated philanthropist.
He also famously said that he was against hedonistic (ph) giving. He's against creating vast family wealth that goes on for generations, simply
because people are what he called `members of the Lucky Sperm Club.' In other words, inherited wealth. Well, a report out today shows that in
terms of giving, the 1 percent are doing their part. The Coutts Million Dollar Donor Reports shows how the world's () gave their money away last
year. Look at this - so, these are donations of a million dollars or more. Over $16 billion from the U.S., and the gap between the U.S. at $16 billion
and the rest of the world - U.K. 2, Russia 1, China 2 - the huge, vast gap - most of the money given away in the United States.
Now, Peter Buffett is a philanthropist, he's an Emmy Award-winning musician, and I dare to say he's a member perhaps of the `Lucky Sperm Club'
because his dad, Warren Buffett, has been giving away record amounts of money recently. But - but - this year, he contributed $2.8 billion to
charity and has long pledged to give away 99 percent of his personal fortune. Peter joins me now live from New York. It's a distasteful quote
to put it crudely, but you know what I'm saying when we talk about this. You made it - your father gave you a billion - each of you and your
siblings a billion, and you admit that's when the difficulties began because you had to decide how to deal with it in a foundation and
charitable sense.
PETER BUFFETT, MUSICIAN AND PHILANTHROPIST: My dad is a very smart man as many of your viewers probably know already and that includes the
fact that he knows how difficult it is to give money away. So, he chose to let other people do that for him. He'll make it, we have to give it away.
And it's no small task definitely.
QUEST: Right. And the brilliance of what your father did of course was giving it to somebody who already had the experience in terms of the
Bill and Melinda Gates Foundation. But listen, I want to talk about your philanthropic concept, because you believe it has to be done in a different
way. There has to be an element of forefront, there has to be an element of experimentation. It's got to do something different.
BUFFETT: Yes, absolutely. I mean, we are really the venture capital or the risk capital out there in terms of social systems and structures.
So we are - and I consider any large philanthropy just that, is the venture capital out there to try things that other people wouldn't necessarily want
to do - whether it's governments, private enterprise, whatever it might be. And that's really the only directive my dad gave is to go out there and do
things other people won't. And so that's really what we try and focus on.
QUEST: The NoVo Foundation of which you are - which is your foundation - deals with the role, if you like, of women and girls in
society improving those, particularly in the case of sex trafficking, the abuse of women and women's rights. So I ask you, if you're going to take
the sort of money you've got, how far is experimentation - but at the same time, Peter, get the best bang for the buck?
BUFFETT: Well, that's the trick, right? Because you do want to experiment, but you also want to hopefully be effective. And for us, that
did meet in girls and women because to say it kind of crudely, an adolescent girl is the undervalued asset if you looked at it in my dad's
parlance. You know, I mean, they're the ones that aren't being invested in, and they're the ones that, really once they are, the market will start
to recognize their value. I think people around the world will see that adolescent girls - they're only going to be the mothers of every child, you
know, so if you -
QUEST: Right.
BUFFETT: -- so if you support them and empower them, it's generational change, and then you try an eco-system approach in terms of
ways to do that. And that's where the risk-taking comes in.
QUEST: Finally, you and your father have many things to talk about. Do you compare notes on who is more successful in their philanthropic - not
just goals but achievement?
BUFFETT: Well, it's certainly healthy conversation around -
QUEST: (LAUGHTER).
BUFFETT: -- all the things that we're doing. But it's not a competition really, which makes it fun of course. Because all three of us
kids have our work that we're doing, Bill and Melinda have theirs, my mother's foundation has hers, and so all together, we're hoping that we can
combine forces whether it's, you know, literally or just the fact that we're taking separate pieces of the puzzle and moving everything forward.
So it's a fun challenge to have, but we don't see it as a competition.
QUEST: And you and I will talk more about this when I'm back in New York, sir. I look forward to having you on the program again.
BUFFETT: That would be wonderful.
QUEST: (Inaudible). Thank you, sir. Wonderful to have you on the program.
BUFFETT: Thank you.
QUEST: Peter Buffett joining me from New York. It's known as "Davos for Geeks," Lord help us. More than 20,000 people are attending the Dublin
Web Summit. It begins tomorrow, and everyone from PayPal founder Peter Thiel to U2's Bono. Paddy Cosgrave is the summit's founder. Jim Boulden
met him in the Irish capital.
(BEGIN VIDEOCLIP)
PADDY COSGRAVE, FOUNDER, DUBLIN WEB SUMMIT: There were so many conferences in the world and nobody ever came to Ireland. I don't know why
- whether it was the weather or something else, but we just didn't have any tech conference. And I decided, hey, why don't I invite the founders of
Twitter, Skype, YouTube and all these other companies to Ireland, and maybe if I do they'll come, and they came and that was the first year and 400
people came, they had a good time and four years later here we are. Just over 20,000 people - about 21 and a half thousand people will fly into
Dublin from more than 100 countries around the world. We've 2,150 startups exhibiting across a whole range of categories. We've over 600 speakers,
and each day - well, in total - we'll serve about 70,000 lunches. The official government kinds of state body would estimate it's about 80
million euros plus it's about $100 million injection over the course of the week into the local economy.
JIM BOULDEN, CNN INTERNATIONAL CORRESPONDENT: Why do we still need to meet in these kind of events? If you think of social media, I think people
could be doing this, as you said, you could be watching the videos, you could just be tweeting each other. But yet people still want to get
together in one location. Why is that?
COSGRAVE: I think it's hardwired into who we are as a species. We're a deeply social species, and you know, no amount of technology seems to
reduce the need as human beings to want to meet each other.
BOULDEN: Now for those who are coming and those who want to follow what's going on, what are the best sites for people to follow this?
COSGRAVE: Oh, I think if you go to websummit.net, you can just - you can watch the event live actually over the next three days. We're taking
5,000 people on pub crawls across Dublin City -
BOULDEN: (LAUGHTER).
COSGRAVE: -- tonight. The pub crawl was popularized about three years ago when Bono took some of the founders of Twitter and YouTube around
Dublin to his three favorite pubs, and it's expanded out to a kind of situation where 5,000 people will go on 100 or 200 simultaneous pub crawls
across the city in a matter of hours.
BOULDEN: And you'll be doing that as well?
COSGRAVE: I of course will be leading a pub crawl, yes. I hope you'll be joining me.
BOULDEN: They're still putting the finishing touches here on the exhibition floors. The Web Summit officially begins on Tuesday morning.
We'll be here all week reporting on the buzz around the summit. And if you want to know more, you can always go to CNN.com/websummit. Jim Boulden,
CNN Dublin.
(END VIDEOCLIP)
QUEST: "Profitable Moment" after the break.
(COMMERCIAL BREAK)
(BEGIN VIDEOCLIP)
JOHN F. KENNEDY, FORMER PRESIDENT OF THE UNITED STATES: We choose to go to the moon.
(APPLAUSE)
KENNEDY: We choose to go to the moon!
(APPLAUSE)
KENNEDY: We choose to go to the moon in this decade and do the other things - not because they are easy, but because they are hard.
(END VIDEOCLIP)
QUEST: President Kennedy of course, making the point about space exploration. A reminder of which of course we had from the SpaceShipTwo
and Sir Richard Branson's comment that they will continue. And tonight on our program, (Bill Richardson), all of whom agree it is worth the risk.
It's worth the risk because that's the only way progress is ever made. Somebody pays the price for the rest of us to benefit in the future. And
that's tonight's "Quest Means Business" from London. I'm Richard Quest. Whatever you're up to in the hours ahead, (RINGS BELL) I hope it's
profitable. I'm away (inaudible).
END
