This is one of several appearances he made. This is two hours. This is two hours. The committee will come to order it as we hear testimony from a the ceo from equifax that held those positions until last week i understand you are now an unpaid advisor to the company that we appreciate your willingness to testify here about the events surrounding the breach and equifax response what you were leading the company. Given the severity congress will continue to examine the facts and what can be done to prevent similar situations cyber securities one of the most pressing issues facing Companies Consumers and governments alike is one of the biggest threats to the Financial System the amount of data us the industry collective stores very concerning intrinsic vulnerability collecting and storing personal information when you have the Banking Committee takes the oversight seriously and Financial Institutions Credit Bureau serves the critical function to be a daily part of every americans intersec
Test. Test. Test. Test. Test. So, i think to answer that question, its important that you understand the nature of the corruption thats in afghanistan. So corruption is like a disease and there are different kinds of disease, all right . One of the problems with using the term corruption is its this big banner that can mean anything from sort of low level shakedowns at check points all the way to a cleptocratic form of government. Low level is illegal and not tolerated by the system is actually very easy to deal with. Corruption by sort of individuals that when the larger context of the system is corruption is not tolerable, you can eventually put enough pressure on those individuals and deal with the problem. When its in a sector like the ministry, thats an even more aggressive form of the disease. It could be treatable if you isolate it. If youre a crelecleptocracy. The difference between patronage is that money flows from the top down and loyalty goes up. And in a cleptopracy, goes
That you can joined us for a rollout on a report of afghanistan and moving forward. As we were thinking about the president ial transition we thought it was prudent to put together papers for the next president really recommending our way forward that would protect american interests in any number of topics and seemed to us that afghanistan a war that continues 16 years on that it was a critical area where a new administration was going to have to grapple with u. S. Strategy objectives, and the way forward for the campaign. And so, we commissioned chris colenda, here to lead the development of the report. Chris is now president and ceo of the colenda leadership group. Hes also a former military officer four times in afghanistan, once commanding an airborne Infantry Task force in kunar, and has been written up in many case studies and books as a sort of model how counter insurgeoncy can be effective. I was fortunate to have him as my Senior Advisor on policy for afghanistan and pakistan
The Homeless Population of denver is headed to court today. Lawsuit but the city of denver. Amanda has an update from the hearing that just wrapped up. Shes been following this all morning long. What do we know amanda . The hearing just wrapped up within the last 45 minutes. You here at the federal courthouse there will be pretty significant changes the judge said youre working with people who are living on the street in time is really of the essence here. He offered some advice to help streamline the that includes dismissing claims against individual defendants like mayor Michael Hancock since he can claim individual immunity anyway. Instead focusing the suit against the city. The attorney for the homeless plaintiff says hell make those suggested changes by the end of the week he says his goal is to help the homeless he believes the rights were violated belongings thrown away. Only god maybe three hours and everything was gone. I lost my tent my sleeping bag. All of my clothes. And my
Im michelle carusocabrera, heres whats happening right now. Stocks are trading near their session lows with the dow currently sitting down 99 points. Were going to have full market coverage coming your way. In the meantime, evacuations are under way in california as a Massive Wildfire tears through parts of los angeles county. We are live on the scene ahead. And, take a look live at the floor of the Wells Fargo Center in philadelphia, thats where the Democratic National Convention Kicks off today. Full coverage coming up in just a few minutes. Brian. Well, as you can tell, folks, from michelle and tyler theres a lot going on today including more on this incredible heat wave smacking much of the country. But we begin with apple. And a big call on that stock that is pushing apple shares to session lows, lets get right now to cnbcs josh lipton with more. Josh. Well, brian, thats right. Those apple bulls are getting tougher to find. The reason for the worry, the health of that iphone franc