And he calls for greater focus on increasing the skills of unemployed people, setting the right balance between universal and means-tested help for pensioners, and the use of DNA technology to cut crime.
Universal banks, such as Citigroup and Bank of America, long dismissed as stodgy, argue that their vast balance sheets and wide range of businesses, from cards to capital markets, give them an edge in trying times.
There was a mini-internet revolt the last time NBC Universal's TV chief started talking about ways to actually turn a profit from Hulu and the search for a balance continues.