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June 21, 2024
Regulatorss ability to adapt and strengthen protections for consumers. Otherwise, well limit regulatorss ability to keep up with Technology Change and reserve a private right of action for consumers and for Financial Institutions to ensure that affected entities and breach victims have further recourse. Further, consumers must be consistently provided with clear disclosures of the rights and remedies available to them so they are aware of the various ways in which they can protect themselves fro...
June 21, 2024
That as we have this longer term discussion of investment and structure that we do drn that everyone understands that the program, Aviation System and the Grant Program and aviation structure in the United States has always been about achieving twin objectives. First is to have an efficient system that serves the largest number of passengers and second is too provide a level of access to communities throughout the country. And in previous reauthorizations that has always been matter of great deb...
June 21, 2024
Were about to compromise the Payment System, the electrical grid, you wouldnt say lets kick it to the states. Lets let them handle it. I dont think you would do that. Whatever you do will be helpful, even if directionally. It will be better than what we have now for the sectors that dont have any standard in those states. Miss moy . Right, so i would say a couple of things. One is that consumers are protected right now by the federal trade Commission Section five authority, and the ftc is enforc...
June 20, 2024
Enterprise and cloud business. Take a listen to his first public message. Software is still a very valuable, malleable research to create it as experiences and i think that is where we will be focused on. Think about how everything we do will be digitally mediated. That means that experiences such as online meetings or how i connect and communicate with my friends and family or how i view entertainment will all be changed by software. Those are the places where microsoft is squarely focused in b...
June 20, 2024
Earlier about his plans. To do first thing i want and focus on is a ruthlessly thating any obstacle allows to innovate. Any individual in the organization can innovate. And then focus on innovation, on things my croissant can uniquely do. Microsoft can uniquely do. Lea thompson is taken over as chairman. Bill gates will John Thompson will take over as the chairman. Bill gates will stay on. I am glad sake a glad up. A has decided to step ill have a third of my Time Available to meet with product ...
June 20, 2024
With all of this Global Selling starting after weaker than expected ism numbers. It was a big drop. It dropped from 56 to just over 51. Massive unexpected decline and that really started things off. At the end of the day, the dow was down sliding 326 points to close below its 200day moving average. Also, the s p 500 losing more than 4 had . And the nasdaq dropped 106 points, to close below the 4,006 level. Where does that leave thus morning . At least at this point, the futures have been bouncin...
June 20, 2024
Wealthy, it was structured to make American Society homeowners. And now were in 2013, and its only the wealthy who have access to the conventional market. And we need to be much more aggressive about thinking through one of the appropriate measures to use such that the governments backstop, whether its fannie or freddie or private institutions, actually serve a public purpose which is to build Home Ownership across the income and across the racial spectrum in america. You know, im not as intelli...
June 20, 2024
And i started there. I start i thought i would start by following up what senator hatch talked about, which is new technology that i understand has been adopted in europe. Is that true . Yes. And is it true that in great britain, they have seen a major decrease in these kind of breach as . They have seen a decrease a decrease. They have also seen a shift to the online channel. What is stopping our country when they are doing this in europe . I think they started using this kind of technology bac...
June 20, 2024
That store data. You think this precludes the need for a federal dado security . No, i dont. We have used our authority under section five of the ftc act. We think we have used it effectively. In particular, we think there are three areas we could issue authority. We would like to see legislation that would give the fcc civil penalty authorities. That will enable us to deter more effectively. We also believe that we need jurisdiction over nonprofits. We found that a number of breaches occur at n...
June 20, 2024
The ftc is committed to protecting Consumer Privacy and Data Security in the private sector. Since our first Data Security case in 2001, the ftc Data Security program has been a strong bipartisan effort that includes Law Enforcement to my education, and policy initiatives. Several lawsces that protect consumer data. Under the ftc act, the agency can take action against companies that engage in deceptive or unfair practices, including deceptive or unfair Data Security practices. The ftc also enfo...