In a way that i think impacts human rights. One of our biggest concerns about data localization presnowden is many of these countries were doing this not because they were trying to protect themselves against the big, bad americans but because they wanted to exert greater control over Internet Data and internet speech. We have now given them a great deal of ammunition on that. Similarly, even prior to the snowden revelations, there was a big debate over the role of the u. S. In internet governments. And what should the future of internet governance be . Should it be to be multistakeholder model that involves governments and Civil Society but many are concerned is dominated by the u. S. . Or should it be the realm of governments and intergovernmental process . We had countries like china and russia and zarb pushing very hard to increase the saudi arabia pushing hard to increase the role of governments in the global internetization of the internet. That trend consistented presnowden. How
Of the best thing that is weve done. Keeping in mind, at the end of the day, all of us knows this. The straw that breaks the camels bank with regard to failing institutions typically is capital. Its just pushing a button on a computer. And frankly, if we get corrective action at least close to right, those two things alone would have a very, very beneficial effect. Not just on special banks, but on other Financial Intermediaries as well. Well, you know, i agree with the premise of the krekcorrecti action to the statute is very ineffective. I disagree that corrective action is a method of protecting the Banking System in times of financial collapse. Theres two ways one can look at the Banking System. I really want a system that is going to be a hundred percent safe and not have failures. And taking that to its extreme, you have a system that has a hundred percent liquid assets. It has very high capital ratios. The trouble with that type of bank which will never fail is youll never loan
Confirmation margin on record. She will take over. The president himself is calling on congress to extend Unemployment Benefits therein that vote will happen today about 12 noon. The russian is t will than the benefits by 13 weeks. Not cheap. It costs 6. 4 billion. Has noted that for every one dollar you spend that you give people via Unemployment Benefits, that translates into 1. 5 of gdp. Finally, samsung. The first profit decline in nine quarters. They are having a tough one. We scoured the papers this morning. For me, i am loving Eliot Spitzer and his jamaica trip. It is cold outside. We have got record lows across the country today. Yesterday in chicago, minus six degrees. We will struggle. That is not a wind chill. That is the low. And the in the midwest northeast. Today in atlanta, the low is minus five in orlando. Class and they cannot handle it. I cannot imagine taking my kids to disney world. Orlando in orlando, people in minneapolis are ready for. People had no shirts on. Th
System and gps technology. Moving from air to cars. L General Motors has of course re recalled 25. 7 million cars in the u. S. This year and the Auto Industry has recalled a record 40 million vehicles. On should drivers feel safe and are regulators doing enough . Well, look on the latter question, i have to say that e they have done an incredible amount of work over the last several years. Ten i think over the last ten years there have been about 1200 plus recalls effecting 95 million vehicles. Thats not counting some of the more recent recalls. s prett thats pretty significant. Our tool box is actually improved over that time in the wake of the toyota situation a few years ago we developed alont with ibm some analytics that allow us to be more predictive i in identifying issues before they emerge. We continue to look to build a better mousetrap so i think that when its all said and done they have done an incredible job over the entire trend line. In in terms of the autos and you wheth
Organization. This is really not meant to be a technical debate. Its a policy debate of where we a year after the snowden revelations and what weve learned and what has and hasnt kind of gone forward from there. Im just going to ask each one of our panelists to really well written and well spoken on this topic to just give a couple of key points of their point of view and then we will get into a dialogue among of the us panelists and we will open it up so be thinking about questions. So im going to start with stuart baker whose a partner at step tow and johnson. Were you the first policy assistant secretary. I want to make sure i get that title right at dhs which is something weve seen grow in its responsibilities. This is something you really hadnt fathomed at the time. Its probably to know what you know and be where you are now. I will open with stuart and just a little shout out for those who are looking for a summer book read. Hes got a great book. You might want to look that up. S