Source. This is about an hour. Thank you for coming out today. The first u. S. Regulations were drafted more than a century ago. The one i remember was a steamboat explosion that led to safety regulations that we see now. 50 years ago we entered a time of deregulation. We found is a unique balance that looks at the burden on companies, the needs of safety and security. Also, it avoids Technology Specifics as much as possible. That would be an ideal system moving ahead. We are going to talk about the role that agencies and sectors play, the approach that tsa has put forward, one of the Success Stories of this administration and any other. Well talk about what dhs is doing. This is an exciting time for cybersecurity. On a final note, when we look at regulations that began in the 1820s, there is a series of automobiles and telephones. Somewhere between 20 and 40 years it takes to develop adequate regulations for a new technology. The one difference is that unlike some previous efforts, we
This is the most exposed economy. The slowdown, as we know, is all currency. Guy a proxy on the dollar taking a hammering of late. Helping out the gdp story slowdown, this is happening another story. You wonder what it would be like. But the aussie dollar versus the u. S. Dollar. We hit that down here, a fairly significant moment there. We popped up above the line now. But nevertheless, weakness continuing to be the scene. Running through the currency, i want to show you what happened. You talked about the late turnaround in shanghai yesterday. Stocks around the world got absolutely hammered. Today, we are bouncing back. Positive a much more session, this is the dow jones and the s p 500. They will open up a little bit stronger on the dow average, 1. 4 . We will understand the european session in a bit. The what is historically worst month of the year for trading. September is the worst month. And we saw those markets down more than 2 nearly 3 at some stages. Technology, oil, banks all
One of the things that theresa has been great about. She speaks to childrens groups a lot and thats one of the things about the book is parents should really be looking at it if you have kids in this space and if you are thinking about it and how you might monitor and work with them. One of the things too a lot of you here in the Business Community and one of the things i would love to have you take away and ted and i have talked about this a lot is everything is hackable. Everything so i know you mean well when you are collecting data about your customers but just understand that data is a target and when it gets stolen depending on how you have stored it you can be putting your customers at risk. So there is a recent revelation and i wont name what was that there was an Investment Company in their brokers were developing psychological profiles of their clients. I cannot only imagine what it said and would identify ted is riskaverse and calley is a risktaker and other key elements abo
Good evening, and welcome to tos meeting of the Commonwealth Club of california, the place where youre in the know. You can find the Commonwealth Club on the internet at commonwealthclub. Org. Im Andrew Leonard from salon. Com, your moderator for this evenings program. To my left is Erik Brynjolfsson and Andrew Mcafee who are researchers at the Mit Sloan School of management. Erik is the directer of the mit center for Digital Business and andrew is the Principal Research scientist. The two men made a name for themselves a couple of years ago with their selfpublished book, race against the machine, which kind of coalesced some emerging nervousness about the fact that automation is really beginning to replace jobs at higher and higher levels. They followed this up with a bigger book, the second machine age work, progress and prosperity in a time of brilliant technologies. And its really, i think everybody in this room will understand how timely this is. In the San Francisco and greater b
Strassel and bill. Bill, where do these races stand . Bill the polls that are out show they are pretty close. I think that close but we had an editorial suggesting that if they dont win, donald trump be blamed. I would say the president has a greater interest in almost anyone seen these republicans win. One is, hes going to get blamed if they lose. Second, immigrants promised basically to be the anti trump, undo all his stuff and they will resort to really radical steps like abolishing the filibuster or packing the court we dont get our way. Mitch mcconnell, a senate run by Mitch Mcconnell would be the biggest obstacle about that. What we will learn of georgia in january joe biden, will he have no check and run the bernie table on the platform or will he have a check and have to compromise and fight for everything . Paul kim, that seems to be the points they are making. You need to have a check on some of the most extreme demands in the pelosi house and sanders agenda but heres the com