i will tweak it a little bit, we currently have cyber risk management plan you are using to reduce risk for communication services you provide. nobody on the panel want to say no. i know nobody wants that because i know some of you pretty well so what i will say is it you say yes, can you tell us about the plan, the elements in your plan, the extent you are able to check that? if, why is it know and you may have good reason so i'm not going to be judgmental so let's ask the question, i will start with brian and what you have to say? >> let me do a quick check audio. thank you for the opportunity to participate on this important panel first off my answer is yes so we do maintain robust level security risk management plan with at&t and it covers all medication services provided and that includes emergency alert. he may be familiar, we use a network to broadcast the alert. we receive alerts which comes to us through a security protected interface and once it's in our network it follows our cybersecurity risk management plan. our plan follows the framework and the notification. we have on m

levels, how are they asked to show that risk. you are protecting for the highest risk entity, right? >> yes, ma'am. that is a good question. that we hear a lot from the agencies. multi facilities might be five to 10 different agencies in the facility, sometimes 20. and some agencies may be more public facing, more threatened than other agencies in a building. and the tenants of the agencies will tell our folks in the committee, that it is their fault. that is why they are here, maybe if they would move. but that is not the process. you look at everyone in the building, the value of the building, of the agencies in the building, what work they do and that is how we determine the facility security level in coordination with the fse and also the countermeasure recommendations put in place. >> i appreciate that. i also want to follow up with you, director cline, on the issue of reauthorizing dhs authority to counter threats posed by drones and unmanned aerial systems. it expires in february and i agree we need to extend that authorit

congress did not pause the risk rating 2.0 problem -- because the risk rating 2.0 problem but has the opportunity to make it better. some of our priorities, many of which are reflected in the national flood insurance program reform act, include a review of 2.0 methodology and economic impacts, mandating fema's transparency through the release of a usable public facing risk calculator and also a rating appeals process. we need to lower annual premiums from -- we need to enact a means tested assistance program. looking at housing burden which is even more subtle than looking at percentage of ami. finally, the debt and interest payments should be frozen and redirected into mitigation because ultimately mitigation is how as a nation we are going to work our way out of this challenge. these policies would resolve affordability, transparency and accuracy concerns which looks to stabilize participation in the program and support communities across the country. thank you for the opportunity to speak today and thank you for your service. i look forward to taking your questions. chair brown: th

that risk is always going to be there. but if you look at the market fundamentals, oil, gas markets are very well supplied, right? supplied right now. the gas is supplied to europe is very healthy. the us producing energy at record levels. and europe today is importing more and more gas from, from the us. there will be added costs because the tankers, the, the freight rates also for, for vessels that are moving energy around the world are going up. so you saw yesterday, the asian consumers, agent, buyers of, of oil are buying more from the region because the shorter distance than buying us crude, which with, which is much longer distance and will, will cost a lot more. so there are built in effects. do you think that the attacks in the red sea, by the who these will stop if the war and also stops? i do think so because it, but the wasn't going to stop anytime soon. that you know, the cabinets, the work cabinet and the security cabinet. and israel is talking about 12 months, maybe 24 months, might go to a lower intensity of

of risk. has correctly identified voting systems and vote tabulation as an important element of this risk. the reality is the complex systems that make up our election it environment in many counties are the most complex it environment in the county for fr the more assets more systems anywhere else in the accounts if you are a new election of official walking into that job think about what you are walking into bridger walking into an environment with threats and physical threats to address your walking into an environment you are likely being handed hundreds if not thousands of foia request you need to respond to that event inundating election offices in your walking into an environment where someone has to break down the complex it environment for you to understand what is your voter registration database? what is your online voter lookup tool? what is your polling place tracker? what does your election this is a complex it environment and many of them have never experienced it before. it is

i lowered my a1c, cv risk, and lost some weight.tudies, the majority of people reached an a1c under 7 and maintained it. i'm under 7. ozempic® lowers the risk of major cardiovascular events such as stroke, heart attack, or death in adults also with known heart disease. i'm lowering my risk. adults lost up to 14 pounds. i lost some weight. ozempic® isn't for people with type 1 diabetes. don't share needles or pens, or reuse needles. don't take ozempic® if you or your family ever had medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2, or if allergic to it. stop ozempic® and get medical help right away if you get a lump or swelling in your neck, severe stomach pain, or an allergic reaction. serious side effects may include pancreatitis. gallbladder problems may occur. tell your provider about vision problems or changes. taking ozempic® with a sulfonylurea or insulin may increase low blood sugar risk. side effects like nausea, vomiting, and diarrhea may lead to dehydration, which may worsen kidney problems. l

that risk is always going to be there. but if you look at the market fundamentals, oil, gas markets are very well supplied, right? supplied right now. the gas is supplied to europe is very healthy. the us producing energy at record levels. and europe today is importing more and more gas from, from the us. there will be added costs because the tankers, this, the freight rates also for, for vessels that are moving energy around the world are going up. so you saw yesterday, the asian consumers, agent, buyers of, of oil are buying more from the region because the shorter distance than buying us crude, which with, which is much longer distance and will, will cost a lot more. so there are built in effects. do you think that the attacks in the red sea, by the who these will stop if the war and also stops? i do think so because it but the words i'm gonna stop anytime soon that you know, the cabinets, the work cabinet and the security cabinet. and israel is talking about 12 months, maybe 24 months, might go to a lower intensity of

if the risk is to the upside, how do you hedge that risk?bigail: that's still an allocation decision. for the downside, it's hard to know in this environment whether technology would be the downside hedge but for the upside, it's clear given the fact that the magnificent seven last year grew in a monster way. you would want to allocate more toward small caps. we saw that at the end of the year, the broadening out of the russell 2000 finishing up after being down. you would want to go away from the mega cap tech sectors and go toward energy which was not great sector last year, maybe go toward real estate and maybe sectors that them not done as well and stylewise, the value would probably be the way you want to go if equity markets go down or up. we've had a downturn in value versus growth for the last i think two decades maybe even three. if all of a sudden, there was a downturn and folks who have to get allocated to equities, they will go to the safety trade which would be value so that might be one way to do well whether markets go down or

separate facilities how are they being asked to share that risk you are protecting for the highest risk entity, right? >> yes, ma'am that is a good question that we hear a lot from the agencies. that might be five -- 10 different agencies. more public facing or threatened than other agencies in the building. they tenants of the agency will tell our folks in the facility security committee it is their fault. they are here they would move that's on the process we met we look at everyone in the building for what's the iconic value of the building of the agency within the building what kind of work to they do? that is how we determine the security level. but also the countermeasure that are put in place. >> also develop your director client on the issue of reauthorizing dhs authority to counter threats posed by drones or on-demand aerial systems. it expires in february. i agree we need to extend that authority. but his threats from drones continue to grow i want to knoww whether your current authorities assuming we can extend them after february are sufficient for the unit any additional au

to go. less the country be suggested it is clear from ukraine russia that the fact that the urgent risk of irreperable harm arises in a situation of armed conflict does not undermine, much less preclude a request for provisional measures. that's also clear. from the court's other judgments, so in the case of armed activities on the territory of the congo, for example, the court ordered provisional measures based its finding that, quote, persons, assets and resources present on the territory of the congo, particularly in the area of conflict, remain extremely vulnerable, and that there was a serious risk that rights of issue in the case may suffer irreperable prejudice, and quote. so similarly, in costa rica, nicaragua, the court indicated provisional measures impart on the basis that the presence of troops in the disputed territory gave rise, i quote, to a real and present risk of incidence liable to cause irremediable harm in the form of bodily injury or death, and quote. in relation to the genocide convention in particular, the court recalled in gambia, myanmar. that quote, states par

we are really in a risk- management mode, with managing the risk.g the risk that we move too soon or too late. i think, to move, which is where almost everyone on the committee is, is in favor of moving rates down this year. but, the timing of that is going to be linked to our gaining confidence that inflation is on a sustainable path down to 2%. >> i would like you to key in on the use of the word, that inflation still remains elevated. you pledged to cut rates before inflation reached 2%, so that implies there is an intermediate step on inflation, and that a cut would be consequent with the change in the language that inflation remains elevated. what is a step down from there? >> i don't know that we worked out the particular statement. i would just say, if you look at where twelve-month inflation is, it is still well above 2.9%, for example, which is way down from where it was. a very positive development. a very fast decline. the case is likely that it will continue to come down. that is where it is, but we are wanting to see more data. >> if i

and an increase in the risk to others. there is no evidence to suggest that but for his mental condition, he poses any risk to the public. in these circumstances, the parole board with likely to be bound to follow the recommendations of the clinicians and the tribunal as to release. the introduction of the parole board into the release procedure in the defendant's case would not material enhance public safety. monitoring in the community would principally be conducted by the defendant's probation officer agriculture present and subsequent transfer to hospital may take some time. the sections 37 41 regime avoid situations in which the risk posed by the defendant may increase for his mental condition worsened because of delays in recalling and hospital icing. in the unlikely event that you were ever to be released, i must consider which regime would provide the greatest level of protection for the public. the main concern is that upon release from prison, you would not be supervised by a team of mental health experts reporti

the risks are there relative to history. the fed has generally speaking not been able to august rate soft landings, and the average recession comes about 14 months after a three-month 10-year. we failed to appreciate the impact of fiscal policy coming out of the pandemic. but certainly it would seem sort of premature to throw in the towel on at least the possibility of a slowdown that history suggests is going to happen in the near future. sonali: speaking of the curve, as we have been at the beginning here, ira, you think about auction sizes, record auction sizes. two-year and five-year hitting peak records. and you think of the announcement on monday from the treasury department and the future issuance schedule. how does that have potential to impact the longer ends of the curve here? ira: i think there is multiple pieces to that discussion and how the market may react to the information that is going to come in. first you remember monday afternoon we get the amount that the treasury department expects the fund this curren

of risk.fessor appel has correctly identified voting systems and vote tabulation as an important element of this risk. the reality is the complex systems that make up our election i.t. environment in many counties are the most complex i.t. environment in the county. they have more assets, more systems they run countywide than anywhere else in the county. if you are an election official walking into that job, you are walking into an environment with physical threats to address, an environment where you will likely be handed hundreds if not thousands of foia request you need to respond to that event -- that have been inundating election offices, and you are walking into an environment where someone has to break down the complex environment for you to understand, what is your voter registration database, your online voter lookup tool, what is your polling place tracker? a complex environment and many of them have never experienced it. as i look at 2024 and look at some suggestions, it is anchorin

and quote, giving rise to a risk is a reputable punch it is. the court has regard to the fact that approach attacked to run going and are creating increasingly difficult living conditions for the civilian population. and quote, project considered to be extremely vulnerable to the core to so consider the fact that i quote again, many persons have no access to the most basic food stuffs, possible water, electricity, essential medicines or heating money. we're attempting to sleep under extremely insecure conditions. this is occurring in gaza on a much more intensive scale to the siege tract. terrified population that has no for our safety, though less the country be suggested. it is clear from your brain, russia, that the fact that the urgent risk of irreparable harm arise in any situation of armed conflict does not to undermine much less preclude request for provisional measures. that's also clear from the court. so the judgements. so in the case of armed activities on the territory of the congo, for example, the court ordered provisional measure

congress did not pause the risk rating 2.0 problem -- because the risk rating 2.0 problem but has the opportunity to make it better. some of our priorities, many of which are reflected in the national flood insurance program reform act, include a review of 2.0 methodology and economic impacts, mandating fema's transparency through the relea of a usable public facing risk calculator and also a rating appeals process. we need to lower annual premiums from -- we need to enact a means tested assistance program. lookg at housing burden which is even more subtle than looking at percentage of ami. finally, the debt and interest payments should be frozen and redirected into mitigation because ultimate mitigation is how as a nation we are going to work our way out of this challenge. ese policies would resolve affordability, transparency and accuracy concerns which looks to stabilize participationn the program and support communities ross the country. thank you for the opportunity to speak today and thank you for your svice. i look forward to taking your quesons. chair brown: thank you mr. hech

thank you. >> that is a risk.he resident that can inflation would re-cassioppi 18 rate and greater that it would stabilize at 2%. that's more likely and of course if labor -- if inflation were to surprise by moving back up, that would -- we'd have to respond and that'd be a surprise at this point. i have to tell you that's why we keep our options open here. why we're not rushing. and they're both risks and i mentioned you had six very good monarchies but what's really going to shake out here? what will -- when we look back and what will inflation have dipped and come back up? are the last six months flatter by factors that are wow factors that won't repeat themselves. we don't think so. it's not what we think. that's the question we're asking and we have to ask and we want to get comfort on that . and one quick follow up. something you're watching as well and if we see those visions fairly minor and does that give you more confidence and what we're doing? >> we'll have to see. wee look at those last year was a sur

in this panel, we'd like to explore the risks and pervasiveness of cyberattacks and how these risks warrant improvements to the cybersecurity posture of the entities that process and relay eas and wea alerts to the public. so i think with that, we're going to jump right into two questions, unless you would like to introduce any of the panel? >> thank you, michael. so this morning, we have with us a number of panelists and i'm going to start going around the room. wade whitmer, deputy director of ipos fema, thanks for joining us. brian scott, who is with us virtually from the office of the national cyber director. he is the assistant national cyber director for cyber policy and program. chris otway. welcome, associate general counsel with verizon, sean latona, section chief at cybersecurity division at cisa , stephen hayes, director of standards at erickson north america. thank you. kenneth chew, unit chief cyber division at the fbi and last but not least, scott deutschman, senior policy advisor, government affairs and public policy at google. thank you all for joining us and we look forward

the question is are you getting paid to bear the risk of liquidity risk? every risk that you bear. there are periods where you get paid handsomely, tag where they converge, and it is better to look at the public markets. being flexible in these types of environments will be key to success. sonali: you mention cautioned earlier, the possibility that things could turn. what do you avoid in this market? david: right now when i think about the market, to me, it comes down to this concept of the pivot. the market is very focused on this fed pivot. over the last few years, that is the most common question i got. talking to people about fundamentals, market technicals. that's fine, i just want to know when the fed will pivot. i t people, the fed doesn't know. i said i cannot tell you when the fed will pivot and why, but when you think about risk in the markets, the markets have lost sight as to why. the fed is not in the business of propping up the stock market as much as people want that to be true. that is not in the mandate. the fed is in the business of propp

it is risk based. and there's absolutely no case where low credit score and low-down payment borrowers pay less than someone with a high credit score and high borrower. and what i get nervous about is people hearing i don't have to have a good credit score to get a house and then they're going to go to the bank and get sorely disappointed. so, i want to make sure that people understand that you must, you know, continue to pay your bills. we're talking about credit worthy borrowers and again, in the enterprise flagship programs that are affordable programs, the credit scores are in over 740. these are people that make their payments, they're credit worthy, but they just don't have enough money for a down payment and the enterprises are protected through the mortgage insurance. >> my colleagues, miss wagner and mr. davidson discussed with you the issues that we have a perceived lack of transparency and stakeholder input that the rollout of the new pricing framework has brought up again. while the recent

to mitigate any risks around any annual esg risks and social risks. and any risks related to you know, organized labor in the strategy. >> thank you. >> would you say that highway would we destine that - how teller is that in the labor put in the initial outreach when we're dui the annual esg is this a big part of vetting process in our analysis a big concern which we're vauflt the potential annual esg partners. >> yeasts materiality is qualitative and hard to destine term. so hard to i guess; right? can't put a number that in a range of investors with classes and strategies and there are some where relations with organized labor maybe a material factor and some ways a less material factor. i think that is the type lens we try to bring to our process. um, to understand um, if and were there maybe risk and opportunity around that topic and the same way we approach the annual esg tropics and oftentimes their defined by industry and the best practices industry based fraction like at the subsequentth for over size it i've identify the topics are likely or

also a decoupling and de-risking. de-risking is just decoupling but at a pace.f we are going to lead to structural higher inflation across the board? enda: look at what is happening with supply chains, the red sea and the panama canal. that level of disruption is nowhere near the pandemic, but now shipping costs have increased sharply over the past couple weeks. that is adding expenses and delays for people trying to import those goods around the world. that is putting scrutiny on supply chains. people thought that they had healed last year but they have not really. that ongoing shuffle of near shoring, call it what you will, all of that is about bringing production closer to home, parts of the world that you feel more comfortable in. that will bring a cost. that is feeding into the inflation story. that is why some say hold your horses on the inflation story. there is an underlying structural component that is not going away. guy: let's fold the fed and central banks into the conversation. all trying to figure out when the first rate cut will come. we will hear

remains slow and risks remain. remains slow and risks remain-— expansion remains slow and risks remain. the fate of the what economy _ risks remain. the fate of the what economy is _ risks remain. the fate of the what economy is closely - risks remain. the fate of thei what economy is closely tied risks remain. the fate of the i what economy is closely tied to monetary policy in the us. that is why tomorrow, a lot of attention will be on the us federal reserve first policy decision of the year. the market is expecting jerome powell to leave interest rates unchanged this month, however, more interest is on bank outlook for rate cuts as inflation looks to be tapering off in the biggest economy. an economics professor talked me through his expectations. we are in a through his expectations. - are in a lukewarm economic environment. at the same time, growth has remained reasonably strong, ratherthan growth has remained reasonably strong, rather than softening substantially as a result. it is unlikely the fed will move

they've been at risk, made them at risk, put them at risk. today in 2024 in america, women are turned away from emergencyts of miles to get basic health care in another state that may have a different rule, forced to go to court to plead for help. thanks to the mothers of two in texas, a mother of two in texas, who was pregnant with her third child, from her doctor she received the news no one wants to hear. the life of the child and her own life were at risk. she continued her pregnancy. instead of being able to receive care from her doctor, she was blocked by the state of texas attorney general and the state supreme court. -- she had to fight with extreme politicians and the cord. they turned a deeply private and painful matter into a public matter. she had to leave the state to get the help she needed to protect herself and her ability to have more children in the future. the cruelty is astounding -- an affront to a woman's dignity, being told by extreme politicians to wait, to get sicker and sicker to the point where her life may be in da

fischer: what does that mean, the risk of introducing variables? dir. halpern: we've all read about the issues with chatgpt hallucinating facts that aren't there. the good news is gpo doesn't generate a lot of public information. we make other people's public information available. much of where we got -- we can leverage these technologies, it's really in the quality assurance world. but for the same reason you can't -- you need to double check chatgpt's outlook we need to make sure the optical system that is checking the quality of our passport identity pages isn't introducing or missing quality problems. from that perspective, we really need to put these systems, deploy them in a limited way so we can make sure they are doing what they are advertised to do so we aren't delivering a product to our customer that is of lesser quality than it should be. sen. fischer: may we have the smithsonian response? ms. park: of course. i will address maybe two aspects of your question. internally at the smithsonian we are absolutely focused on governance and the sha

i lowered my a1c, cv risk, and lost some weight.rity of people reached an a1c under 7 and maintained it. i'm under 7. ozempic® lowers the risk of major cardiovascular events such as stroke, heart attack, or death in adults also with known heart disease. i'm lowering my risk. adults lost up to 14 pounds. i lost some weight. ozempic® isn't for people with type 1 diabetes. don't share needles or pens, or reuse needles. don't take ozempic® if you or your family ever had medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2, or if allergic to it. stop ozempic® and get medical help right away if you get a lump or swelling in your neck, severe stomach pain, or an allergic reaction. serious side effects may include pancreatitis. gallbladder problems may occur. tell your provider about vision problems or changes. taking ozempic® with a sulfonylurea or insulin may increase low blood sugar risk. side effects like nausea, vomiting, and diarrhea may lead to dehydration, which may worsen kidney problems. living with type

looking now at the risk assessment, the risks to economic growth remain tilted to the downside.ffects of monetary policy turn out stronger than expected. a weaker world economy or a further slowdown in global trade would also way on euro area growth. russia's unjustified war against ukraine and the tragic conflict in the middle east are key sources of geopolitical risks. this may result in firms and households becoming less confident about the future in global trade being disrupted. growth could be higher, if rising real incomes mean spending increases by more than anticipated, or if the world economy grows more strongly than expected. upside risks to inflation include the heightened geopolitical tensions, especially in the middle east, which could push energy prices and freight costs higher in the near term, and hamper global trade. inflation could also turn out higher than anticipated, if wages increase by more than expected, or profit margins proof more resilient. by contrast, inflation may surprise on the downside of policy dampens demand by more than expected or if the econ

it is a risk because investors can lose a lot of money.opefully with the weight of the reputable people behind this, they will be educating their clients and educating themselves in the potential as well as the risks and any allocations going forward will be prudent and if anybody does want to take a wild punt they can do so on their own. i read an interesting question from a colleague, when does crypto go mainstream? when is it easily adopted as of the u.s. dollar or even bought as a bar of gold? >> that is a fascinating question because it depends on what we mean by adopted, really? we talk about holding as a store of value or selective asset or mainstream because it is a payment stream in many areas of the world who do not have access to the international systems that we enjoy. what does adoption mean? in terms of awareness, that is the way i like to look at it, that starts today as soon as we get bit going tho -- bitcoin spot etf. people are responsible for educating themselves and their clients. it becomes a potential mainstream asset

change poses a major risk in the stability of the u.s. financial system. 2020 when the oversight council census of the same thing that i've changes emerges in threat. last year there were $165 billion in insured losses of weather-related disasters not total losses. insured losses in the courts we have seen multiple property insurers in markets in california and florida along the gulf coast and moving that risk to other parts of the system. and hoping well degree and is there anybody on the panel right now. disagrees to that climate change is creating risks to our financial system? okay, good. i asked that question because i've been in this gig for five years. i was 20 years in the private-sector before that and not to brag it just that i view things from that lands and if i was running a company that had risks that i was exposed to the markets didn't know about it would not be standing up and sing hey with my company sitting on a lot of risk here. and in fact we are seeing the sophisticated players whether that's property owners in areas

what do you make of the risks? ultimately, the suez canal _ you make of the risks? make of the risks? ultimately, the suez canal is a _ you make of the risks? ultimately, the suez canal is a hugely - you make of the risks? ultimately, l the suez canal is a hugely important trading road to bring goods across from east asia into europe and also to the us. if you think about the fact the journey is much longer, there are two elements to that. firstly, if those goods are going to be used to produce things in europe and you have adjusting time and management process, that can result in delays in production, and secondly the cost of things will go up secondly the cost of things will go up in terms of the freight and if you talk about the indexes, these will eventually likely be passed on to consumers. so we should to some extent or degree expect these costs passed on. the question as to what extent and how much. i think the issue at the moment as there is a lot of uncertainty over how much longer this will carry on and that will have an effect on the extent we see prices

the real reputational risk was on the student lending side.es of 20 will be discover is dumping their student loan portfolio. that will free up a lot of capital and should reduce some ongoing reputational risk they have been dealing with since 2020 and structurally improve their profitability. jon: what about on the ceo front? we have been tracking this story in canada as well. the new ceo had been a senior executive at td bank, which has a big presence in the u.s. as well, but he was seen as a possible successor at td. he is stepping in. what will you be watching for? ben: it is not impossible that this overly pessimistic guidance discover came out with is related to the leadership change. a lot of the problems discover has had in the last 18 months was related to previous leadership. so this could be a way to reset the bar, clear the field, let him come in and put some regulatory issues to bed. and if everything goes well, discover it would like to see buybacks resumed sometime after results in july or august. that would be a big win for the

>> i think they are both very real risks. a little surprised by the view that puts primary emphasis on the recession risk, given what has happened to financial conditions in the last two months. the stock market has taken off again. house prices are now rising at a 6%-7% annual rate. long-term interest rates, and with them, mortgage rates have come down substantially. i think that in a way, we have already seen a substantial easing of financial conditions, and so i think we had better be a bit careful with respect to the inflation prospect. and that's continues to be a source of concern for me. haidi: former treasury secretary larry summers speaking to david westin. yvonne: plenty more to come on daybreak australia. this is bloomberg. ♪ the first time you connected your godaddy website and your store was also the first time you realized... well, we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today at godaddy.com haidi: hous

is that a real risk? i'm, i'm probably much more worried about the political intervention against a soft and complex homeland security target like the selections that i am about a natural disaster. but you are right that the frequency and the intensity of these natural disasters, especially in an el nino year, informed by $1.00 degrees of climate change that we are already globally experiencing. will create more blacks one climate events. and increasingly, these blacks, one events are not blacks, one, so things that we should be ready for. every year, last year we talked about the water crisis, which is still treated as a crisis that occurs and you need to respond to it. and yet, you know, the global water environment is one of this is a structural condition that we need new institutions for. we need new infrastructure for a new capacity for that's what we certainly need when it comes up more broadly to combat and climate change. as you saw with a hard fight efforts to agree to a loss and damages fund the

so many risks out there, geopolitical risk, the election coming up in the u.s.mally, with that kind of risk, you put money in the dollar, it gives you a hedge against risks. but you and some others are saying we have got a weaker dollar this year. >> it makes sense to expect a weaker dollar, given expectations that the u.s. economy will soften the effect and others started cutting rates. having said that, there are many reasons for this year and we start with a market that is priced to perfection. i want to be surprised if in the short-term, and this is likely what we start seeing today, we're seeing some dollars strike. -- strength. given how much the market has priced in fed cuts, there is expectation that the fed will deliver yes. -- less. sonali: what does that mean about the dollar and other major global currencies, the euro the yen in particular? thanos: if we see u.s. coupling this year and the fed will cut rates at the end, we will expect further dollar weakness. the euro-dollar forecast for the year is $1.15. having said that, we know we are slightly be

committed by israel to be genocidal, or at the very least warned that the palestinian people are at risk of genocide. since the application was initiated, further states, 13 to date, including the arab league and the organization of islamic corporation, representing 57 states, as well as other experts. have expressed their support for the case thereby underlining the plausibility of south africa's claim for provisional measures. for the purposes of the indication of provisional. "the rights asserted by south africa under the genocide convention and their protection corresponds with the very object and purpose of the convention. based on the materials before the court, the acts by israel complained of are capable of being characterized as at least plausibly genocidal." explicated the evidence of the specific genocidal intent is clear from the statements. by israeli government officials and soldiers towards palestinians in gaza, and which may be characterized as at the very least plausibly genocidal. this at least plausible genocidal intent can also be deduced from the pattern of conduct a

i _ risk this year. i think that is longer term. i think - risk this year.is longer term. i think there l risk this year. i think that is i longer term. i think there are bigger risks closer to home or not so close to home that people should be concentrating on, things like around the us, china and taiwan and russia and ukraine. ai is a noticeable and significant risk in the longer term and the question of regulation obviously is extremely important. my own view is that the major technology companies have to take self—regulation extremely seriously, it will be difficult for the regulators to impose regulation on tech companies that have significant resources and therefore the companies themselves really will be the prime focus, i think, for controlling risk and dealing with risk. it is an area — there will be extraordinary benefits from the ai revolution or ai industrial revolution, were those risks, as with any significant change, come downsize as well or potential downsize. that is what we have to focus on. do downsize. that is what we have to focus om— to

in this panel, we would like to explore the risks and pervasiveness of cyberattacks and how these risks warrant improvements to the cybersecurity posture of the entities that process and relay eas and wea alerts to the public. with that, we're going to jump right into questions. unless you would like to introduce any of the panelists. >> thank you. this morning we have with us a number of panelists. i'm going to start going around the room. deputy director, thanks for joining us. bryan scott, who is with us virtually from the office of national cyber director. he is the assistant national cyber director for cyber policy and program. associate general counsel with verizon. the section chief for cybersecurity division at cisa. the director of standards at ericsson north america. thank you. unit chief cyber division at the f.b.i.. last but not least, senior policy advisor government affairs and public policy at google. thank you all for joining us. we look forward to the discussion this morning. michael, back over to you. >> thanks. for the first question, we will direct this at bryan scot

another one is the gateway protocol hijacking risk. all of these are key risks to the communications sector. what i would like to quickly do is point out, from a strategic context perspective, some of the issues that should be considered. it shows and emphasizes how serious this is and how critical it is for the emergency alerting systems. in the february 6th, 2023 office of the national director -- director of national intelligence, the national intelligence community published its annual threat assessment, national threat assessment, and that highlights the threats nationstates such as russia, china, north korea, iran, and other malicious state and state-sponsored actors pose to our communications infrastructure. this pointed out, it is important to emphasize that china, possibly, probably, currently represents the broadest and most active and persistent espionage threat to the united states government and private sector networks. but, also key that china, if it feared a major conflict, it will almost certainly consider undertaking a

is that a real risk? as i'm, i'm probably much more worried about the political intervention against a soft and complex homeland security target like the selections that i am about a natural disaster. but you are right that the frequency and the intensity of these natural disasters, especially in an el nino year, informed by $1.00 degrees of climate change that we are already globally experiencing. will create more blacks one climate events. and increasingly, these blacks, one events are not blacks ones. so things that we should be ready for. every year, last year we talked about the water crisis, which is still treated as a crisis that occurs and you need to respond to it. and yet, you know, the global water environment is one that this is a structural condition that we need new institutions for. we need new infrastructure for a new capacity for that's what we certainly need when it comes up more broadly to combat and climate change. as you saw with a hard fight efforts to agree to a loss and damages fun

fischer: what does that mean, the risk of introducing variables? dir.alpern: we've all read about the issues with chatgpt hallucinating facts that aren't there. the good news is gpo doesn't generate a lot of public information. we make other people's public information available. much of where we got -- we can leverage these technologies, it's really in the quality assurance world. but for the same reason you can't -- you need to double check chatgpt's outlook we need to make sure the optical system that is checking the quality of our passport identity pages isn't introducing or missing quality problems. from that perspective, we really need to put these systems, deploy them in a limited way so we can make sure they are doing what they are advertised to do so we aren't delivering a product to our customer that is of lesser quality than it should be. sen. fischer: may we have the smithsonian response? ms. park: of course. i will address maybe two aspects of your question. internally at the smithsonian we are absolutely focused on governance and the shari

is that a real risk? as i'm, i'm probably much more worried about the political intervention against a soft and complex homeland security target like the selections that i am about a natural disaster. but you are right that the frequency and the intensity of these natural disasters, especially in an el nino year, informed by $1.00 degrees of climate change that we are already globally experiencing. will create more blacks, one climate events. and increasingly, these black swan events are not blacks ones. so things that we should be ready for . every year, last year we talked about the water crisis, which is still treated as a crisis that occurs and you need to respond to it. and yet, you know, the global water environment is one that this is a structural condition that we need new institutions for. we need new infrastructure for a new capacity for that's what we certainly need when it comes up more broadly to combat and climate change. as you saw with a hard fight efforts to agree to a loss and damages fu

is that a real risk? or i'm, i'm probably much more worried about the political intervention against a soft and complex homeland security target like the selections that i am about a natural disaster. but you are right that the frequency and the intensity of these natural disasters, especially in an el nino year, informed by $1.00 degrees of climate change that we are already globally experiencing. will create more blacks one climate events. and increasingly, these blacks, one events are not blacks ones, the things that we should be ready for. every year last year we talked about the water crisis, which is still treated as a crisis that occurs and you need to respond to it. and yet, you know, the global water environment is one that this is a structural condition that we need new institutions for. we need new infrastructure for a new capacity for that's what we certainly need when it comes up more broadly to combat and climate change. as you saw with a hard fight efforts to agree to a loss and damages fun

and who risk this if we do not _ serve again? and who risk this if we do not do _ serve again?risk this if we | do not do so-_ i do not do so. dame diana johnson. i want to raise — do not do so. dame diana johnson. i want to raise my _ do not do so. dame diana johnson. i want to raise my concerns _ do not do so. dame diana johnson. i want to raise my concerns about - want to raise my concerns about using a committee of the whole house for this part of the scrutiny of the bill and we had this with the illegal migration act and what happened was in that case there were hundreds of amendments and the ministerjust got to speak at the end for a very short period of time and i think when we are debating and scrutinising bills like this we need to do so line by line and we need to debate and hear the argument from the minister and the argument from the minister and the argument from the proposers of amendments and i just think that this process that we are going through does not allow parliament to conduct that effective scrutiny that we all want to see when passing laws in this place

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