Cyber espionage. The hack of opm is the latest example. Do the chinese steal our Naval Technology and apply it to their navy, and as a corollary to that, are you aware of any evidence concerning china stealing u. S. Civil Nuclear Technology and diverting it to its nuclear navy . Sir, im not personally aware of any instances of another nation stealing our Nuclear Technology and applying to their navy, including china. That may be happening, im not briefed on any intelligence that would implicate that. I think its wellunderstood that there is Cyber Espionage that occurs. We have concerns from time to time about our cleared defense contractors for example in their Cyber Security. I think Frank Kendall and at l is working hard to tighten that up as best we k. I was reflecting on this earlier we talk about Nuclear Matters. As a sort of graduate of the Navy Nuclear Propulsion program. One of the things that has intrigue said me intrigued me over the years, the element of Human Performance th
Its going to predict how it would react under a stress event. And so was the key one of the key issues is what how are investors anticipating this . Is this part of their Investment Strategy . And do prices reflect it, and do practice Risk Management practices reflect that . I think that there are two issues we have to separate as we address the questions you offered. Is there a liquidity crisis . The first is are we in the midst of a transition from one type of market to over. If over night, we say that ever bond dealer who works in a bank can no longer deal bonds, the next day it will be a little harder to buy bounds. No question about it, and sell them as well. But what will happen afterwards, the banks will sell their operations to hedge funds to other companies, to the employees themselves and theyll get reorganized to find the capital and make money, because there are opportunities to make money when people demand liquidity, by the way, theres no such thing anywhere of free liqui
We have no chance. What do we do, ignore the problem . There are things we can do. Thethe goal should be to channel the trade every substance as well as other current illicit drugs and illegal channels come into the hands of reputable businesses which means requiring standards for labeling and dosage so that customers no what there getting. And then as citizens of a free society they get to make there own decisions. People see a percentage of the population has a great desire to get high one way or the other. People have been sniffing glue and paint thinner for decades. We are not about out those substances. It would not be effective if we tried. Again the focus ought to be on Harm Reduction policy one that tries to channel the trade through the hands of reputable businesses, guarantees accurate labeling and dosage and then allows people to remain free to make there own decisions for good or ill. Nobody saidnobody said the ability to make these decisions will always ensure wise decisio
The wake of Tropical Storm isabel. In 2003 isabel caused widespread flooding and equipment damage throughout the yard. The total cost of that for repair was 120 million. Weve taken several measures to ensure a similar event will not have the same detrimental impact. Weve raised the ground floor elevations of new construction. For example, wesley brownfieldhouse was built above the flood level and acts as a flood wall. We reelected the chiller plant and moved the hvac equipment to rooftops where feasible. We have raised electrical outlet on ground floors and installed check valves on ubd ground tunnels and storm lines. Where suitable weve identified opportunities for quote wet, flood proofing unquote where we designated billings and fields that will be allowed to flood once in a 100 years. They can handle flooding with minimal damage and using costs to keep them dry would not be Cost Effective. And we have protocol for equipment relocation in classrooms and labs in the event of a major
Community weve kept our people safe. We have erased the visions in europe, weve built a loose based order that the benefits us all. But as ever challenges increase, we must adapt. To protect the values of our open societies and to support our partners this required commitment and solidarity the world is changing and we are changing. But one thing that will not change is our determination to stay and stand united. Thank you. [applause] thank you. That was a clear and concise message that is urgently needed. We are delighted that you could join us. I am the Senior Vice President here at the center and what a privilege it is to have your first public address as the secretary general in washington. What we thought we would do for the next 30 minutes or so is take you up on your offer to ask questions and move to the challenges that we see to the south but id like to ask you a few questions and i think the most challenging part of my job is to limit my questions. There is so much we can cov