WRKO>Audio & Video on Demand>>Boston Herald Business Editor Frank Quaratiello on the fear of funding for Medical Research

Boston Herald Business Editor Frank Quaratiello on the fear of funding for Medical Research

Feb 19, 2013|

Boston Herald Business Editor Frank Quaratiello on the fear of funding for Medical Research

Transcript - will not be 100% accurate

Days away from sequestration. Right sees -- and so I do to get ready light candles -- and get a bottle line out here is something you know. A lot of people say oh I don't care I don't parent I don't hear an end and I hear that -- a couple told me on Friday -- a care let the sequestration go through these well he did and and then I read an article in today's Boston Herald. And by the way we are joined by the business editor from today's Boston Herald. And I can tell you there's a lot of people in Boston they're concerned about sequestration frank carried on. I'm doing very well -- in June I -- and good morning. The years there's a nor us in this organization called the national institute of health. And they fund a lot of research across the country what percentage of the NIH does Massachusetts received frank. All the money that they disperse every year because we have a so many possible. The goals and medical research institutions sitting in Massachusetts and Greater Boston -- 11%. That's amazing right where one little state and we're getting 11% of the federal budget that's that's -- nine usually -- theoretically we should only be getting. May be based on our population three or 4% right. Today it is it just shows how important -- Massachusetts is the medical research community -- across the country. So much money we talking about. I'm well I mean overall -- Just start just the amount -- -- the cuts -- Because the cuts are gonna cost jobs right here in -- like people in March are gonna get fired. Well -- they may not get fired right away in March but they certainly will will start to be on edge. As congress kind of fiddled around hoping that they'll be able to sort something out the next few days after march urged. Other cuts could be a 125. Million dollars. In the first year and that translates to about 17100 jobs. 17100 jobs at -- You know for every job that's lost that impacts another four people write you write it it's a system it's a domino effect. You have people who -- five from Roosevelt when -- Cosby who you know expect car that kind of stuff yet it and it really does have a ripple effect through the economy and that. -- what uses some shocking to me is there's an event yesterday at Boston Medical Center my app Lotto. Let's do -- bath. That's -- the F bath they think oh well oh yeah I -- him dollar that's not the -- she -- like to admit knowing Democrats but. She in my cap you want to know are tight I don't know I don't that you have stepped up until he she won't tell the truth on air and off the -- she tells -- -- He's he's done well handled like he's a former Somerville area actually list that you are permitted but it. He was the error a little Warren is in Cambridge on the cutter on the other -- not too far from it they were all that could be -- C and instead goes. Now and being down in Washington and trying to figure out a solution to this problem and it's a way. There appear in the legislative body holding a big press conference about what a big elicit my feeling is -- -- -- working to make this would make -- the -- you know. Well Elizabeth -- too busy cracking down on the banks and regulating the securities industries inject. Yeah I know she's I know she's this kind of jumped -- to achieve a freshman senator but I mean they should be working hard to come up with a by hand that is so -- this wouldn't happen so that these. Kind of blind ought to cut across the board but don't happen and that. That's happening more thoughtful way. What how does this benefit China does Mike made the comment yesterday that. You know these cuts for the sequestration is a huge benefit to China and I didn't understand. I think his is dealing and I don't know east specifically aimed at our researchers are gonna move to China and and get jobs over -- but he I think what you're trying to say is. These are very competitive steel. And if we're not doing a research here that's gonna get people of the researchers in China a leg up and a chance to get ahead. And who knows maybe it doesn't think -- they would be intellectual property of the people are doing research here well. Well the Chinese universities and and companies and start doing the work there. And interesting all right well. Listen thanks for your coverage of the story you're the only one in town that had a. No no problem and and thanks for pointing it out and end letting people know what's gonna Harold we appreciate. All right that's francoeur TO. My but he's my idea that fewer and F math with it with -- you know we can maybe try to get on the air you wanted and -- he might seem out at Wendy's. Reducing human rights yet he -- to Medford area -- -- Thai -- The food and oh yeah that's. Speaking get maybe some of these people here. You know the big immigration debate that's going on yes we're talk about that next I was shocked and I'll ask you question. Alas both of you questioned -- you know the answer to it. What percentage of illegal immigrants in the United States you know there's about 110 right that's the official numbers might be -- there's too many. But there's eleven million illegal immigrants in the United States how many what percentage of that group. Do you think. Entered the country legally with a -- Of that element -- element of eleven million -- and -- analysts say it for after the break. That's gonna tell you when we come back what percentage of the eleven million. Illegal immigrants in the United States actually came in the country legally with eighties that's our next.