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Avast is one of the largest security companies in the world using next-gen technologies to fight cyber attacks in real time.We differ from other next-gen companies in that we have an immense cloud-based machine learning engine that receives a constant stream of data from our more than 400 million users, which facilitates learning at unprecedented speeds and makes our artificial intelligence engine smarter and faster than anyone else’s. Elizabeth Warren, D-Mass., rips into then-Wells Fargo CEO John Stumpf, foreground, during hearings last year on the bank's consumer account scandal.Stumpf resigned a few weeks later, but board members who allowed the scandal to proceed are still in their posts. Elizabeth Warren, D-Mass., rips into then-Wells Fargo CEO John Stumpf, foreground, during hearings last year on the bank's consumer account scandal.
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And all of the troubles havenot been revealed the first time around, usually, so there's considerabledisillusionment that's set in in terms of are these guys telling us the truthnow or maybe they just don't know what the truth is. BUFFETT: ...certainly, anything to do with housing is even a furtherslowing down.
So all of that's havingan effect, and what we're seeing in business, in our retail businesses... I mean, June and July, both in terms of credit experience withpeople that first got into trouble of house payments and now on credit cardpayments and so on. QUICK: Does that make you think that things are going to continue to declineover the next, let's say, six months? BUFFETT: Oh, I think they could easily go beyond that, yeah. I've said in the past it ought to be longerand deeper, and I think it is going to be longer and deeper, but no one knowswhen--what you do know is that it will turn around.
Darryn is a Member of the Australian Institute of Chartered Accountants, the Chartered Institute of Management Accountants and the Australian Institute of Company Directors.
Greg Cain is Executive General Manager, Operational Risk.
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