Results of the survey so stay tuned. So let me set the stage for a few minutes on a project on cyber enabled Economic Warfare really got started. It really had its genesis back in the 1990s in discussions with incredible smart people at the Smith Richardson foundation that is sponsored this work, but the intersection of economic and security. In 1997 the Asian Financial crisis it, remember . Began in thailand and the contagion quickly spread to indonesia, south korea, malaysia, the countrys throughout the region. Foreign debt to gdp ratios rose over 180 during the worst of the crisis. Writes occur, governments fell. The causes of the crisis were varied but most experts think it was the combination of crony capitalism, and economic bubble flooding the market with cheap money, and a simultaneous slump in semiconductor values with the rise in u. S. Dollar. What would it mean to relations, taiwan and china . What would it do to radical groups . It was the malaysian Prime Minister at the ti
Approach to cyber warfare between the public and the private sector. Can we say all private sector and the Public Sector goes one way and are there any differences in the approach to that . Thank you. You want to take that. And i have a little bit of a different perspective than my panelists so this should be a interesting discussion. 85 of the networks in the United States are private. And contrary to popular belief the National Security agency is not on those networks. Not unless they have a warrant to be there and that is highly unlikely. And so what happens is you have Intelligence Services overseas and trying to bring it back to protect the government and we want to share that information in realtime so the private sector it protect themselves today. That is where we are today. It is not working. Sharing is terrible. No one wants to do it for liability reasons an a whole host of good reasons not to share so we can fix. And here is the problem with the private sector saying heck wi
Policy. It was emerrill rogers not that long ago said just as much as that, that we dont have a good cyber offensive policy. We talked about it ad infinitum in classified settings for the entire ten years i was on the Intelligence Community and we could never get consensus to move to the next place on what that cyber offensive is. And by the way just as a personal note i just saw that the Administration Says theyre going to make china pay for the consequence of the opm hack. I cant wait. I cannot wait to see what the heck that thing is. And candidly im not too excited about what its going to be. We havent crossed that threshold to bring everybody in a room and try to work through this problem. I would long answer to your question, but i dont believe they have the right to go extraterritorial to protect what they perceive to be a threat at that point. Thats fantastic. Thank you, thank you so much. We can get a hand for the speakers. Thats just great. You can see how we can make many hou
Quite a nice return to form. We have had a couple of difficult days, factoring in the chinese story, and the s p has been knocked pretty hard. At 1 10 of 1 i dont feel does justice. Atwere down really sharply one point and then we bounced back quite strongly. You can see it here this is the recovery we saw yesterday on the s p 500. You can see its lower as a result of whats been happening in china. Equities back in form. The chinese devaluation is a storm in a teacup. Veryine Central Banks, rarely do they come out and have a press conference. Or briefing that they were stepping in when the market is distorted, they say. An amazing quote the Deputy Governor. He says, trust the market, respect the market, here the market, and follow the market. How much should the market now be fearing this chinese market, or indeed starting to trust at once again . Guy we are getting a few numbers coming out as we speak. The adjusted that income is 543 million. Thats the german utility below expectation
Manages 453 billion in assets. It is time for some top stories. In france, is suspect in the foiled attack on a train has been charged with terrorism. The man is a moroccan who has links to radical islam. s lawyer says he only wanted to rob passengers. Some candid comments from president obama about his event. T at as private he said he is figuring out how to deal with the crazies. The white house with person says the president may have been quick with his remarks but we have seen republicans do wildly irresponsible things. Another day and another media viewed for donald trump. This time he got into it with jorge ramos. Ramos stood at a press conference and began asking trump about his immigration proposal. To. You were not called. Sit down. Sit down. Goahead. You have not been called. I have the right to ask a question. Go back to univision. Sit down, please. You were not called. Ramos was later allowed into the press conference. He and trump argued about illegal immigration for about