Opportunity for the city and im going to hear tonight a little bit about what is going on at the shipyards and over the last 6 months our superintendent and deputies chief facility officer has been in conversation with San Francisco State University about an initiative partnering for a presence at the shipyards we wanted to present some of the early thinking to the board this is more follow but have next steps how to engage the board more deeply so basically, were xrrg exploring the potential for shipyard and on the next page in the handout about the existing work going on at the shipyard and this is really an opportunity to have a revitalized waterfront neighborhood with the whole vision for the residential and entertainment a research and development conveying campus a business gutter situating on the waterfront and as we think about much the innovation work going on there some of that will be moving into the shipyard this is going to be an exciting mixed use space and 6 thousand hou
My colleagues would see fit to work with the executive director to meet with the budget analyst and meet with the mayors people and i know the dance. I have done it for many years, and i think to do that in regard to getting things like a secretary. We need a secretary. I dont think the next executive director whoever it is should be sitting up here in the middle with us. For one thing that makes that person a target for the public. Oh hes running the place. Whoever the executive director is he should be down there with the staff and a secretary at the end of this table as we had as i recall when i was on the Police Commission carries out all sorts of good functions and briefing us as a commission and at the same time isnt subject to the kind of pressures that the executive director is in terms of well, if i say this will they think im not doing my job right or should i keep this under the table . Those are just the realities of the dynamics between us as a commission and our executive
Rishaad we want to bring up a chart here, showing what has been happening after the force we have seen of late, and a look at the tensions. Have broughtns other stocks into favor, while inside and the mainline in china, we have seen this a share against h shares in hong kong. The premium of those ashares expanding to kong the widest since july of last year. This is down to north korean inspired risk aversion weighing on the equity market. The hang seng retreating in line with. Stocks. Therehai composite we go, some investors suggesting ashares could outperform by the years end. That is just a flavor of what is going on here at the moment. Haidi absolutely. On top of that, you always have , at least until the 19th Party Congress. Stability is the name of the day when it comes to china. We are about 30 minutes away from the open in china and hong kong. Singapore, taiwan, and markets in malaysia coming online at the moment. Risk is starting to pare back a little bit with some of these tra
This committee will come to order. This morning we will hear testimony from Richard Smith, former chairman and chief executive officer of equifax who held those positions until last week. I understand that you are now serving as an unpaid adviser to the company and appreciate your willingness to testify here and appear about the events surrounding the breach and equifaxs response while you were leading the company. Given the severity of the data breach, congress will continue to examine the facts behind it and what can be done to prevent similar situations. Sign r security is one of the most pressing issues facing companies as well as consumers and governments alike. And is one of the biggest threats to our financial system. The amount of data that the private industry and government collect and store is very concerning. Theres intrinsic vulnerability in collecting information and we e need to have a meaningful discussion on how to protect and limit access to it. The Banking Committee
Committee will come to order. A recess at the committee of any time and all will have five days for inclusion in the record. Entitled examining the equifax data breach. On september 7th equifax announced a Cyber Security incident. It effected 145 million u. S. Consumers, nearly half of all americans. In other words if your hearing my voice youre either the victim or you know someone who is. Thats how massive this brief was. Criminals got basically everything they need to steal your identity, open credit card accounts in your name it may with b the most harmful the world has ever seen the companys response has left much to be desired. For weeks equifax about whether people were victims of the breach or not. And beyond brief they sold their equifax before the company disclosed the breach. I trust the Justice Department will get to the bottom of this. Clearly action by the federal trade commission and potentially other regulators is required. Congress must ensure federal regulators do the