Shanghai and tokyo were moderately lower the nikkei finished down by almost 0. 9 . The shanghai was down by twothirds of a percentage point. This comes as we were getting manufacturing data out of china showed theyre still contracting. It was better than anticipated the number was 49. 7. That was better than the 49. 6 anticipated. Still below 50 in hong kong, the hang seng was down 1. 3 . Trading was cut short there because of an impending tropical storm. Markets were normally close at 4 00 p. M. Were suspended for the second half of the day this morning there are a mixed picture. The dax is up. The cac is up slightly the ftse is down a bit finally look at whats happening here in the treasury markets the tenyear right now ahead of that fed meeting, 2. 054 lets look at whats happening with gold. That could be a mover after todays fed decision gold is up more than 10 in the last three months. Apple big number of the week and its our top corporate story. Earnings and revenue topped estima
Professors. This portion is an hour and 10 minutes. Subcommittee will come to order. Without objection, the chair is authorized to declare a recess of the committee at any time. This subcommittee is convening our third in the series of Climate Change hearings, focusing on recovery, resiliency and readiness with Natural Disasters. I recognize myself for 5 minutes to give an Opening Statement. Y as i mentioned, this hear suggest the third in a series of hold to congress. After examining the history of the Scientific Consensus on Climate Change and the Public Health effects of Climate Change in our first two hearings, the today the subcommittee turns to the impact of claimant change on Natural Disasterrers. First, were going to illustrate how Natural Disasters are made both more intense and more frequent, due to Climate Change. Climate change is real and were constantly reminded of that fact in terrifying ways. Just two weeks ago, it was reported that greenland lost 2 billion tons of ice
Of Climate Change and Natural Disaster preparedness efforts. The House Oversight and reform subcommito environment heard from witnesses including james wit and Atmospheric Science professors. This portion is an hour and 10 minutes. Subcommittee will come to order. Without objection, the chair is authorized to declare a recess of the committee at any time. This subcommittee is convening our third in the series of Climate Change hearings, focusing on recovery, resiliency and readiness with Natural Disasters. I recognize myself for 5 minutes to give an Opening Statement. Y as i mentioned, this hear suggest the third in a series of hold to congress. After examining the history of the Scientific Consensus on Climate Change and the Public Health effects of Climate Change in our first two hearings, the today the subcommittee turns to the impact of claimant change on Natural Disasterrers. First, were going to illustrate how Natural Disasters are made both more intense and more frequent, due to
Now, i know that the end of the last panel, or the first panel, they got a little bit into credit risk, so they tried to take our territory, and this one should be better, so everyone should understand that. I just, maybe ill introduce the panelists first. It is going from my last, to the far left, mike calhoun first, the president for the center for responsible lending, and then dana ganford now the ceo of the Global Mortgage Group at rg capital. And lori goodman is next, here at the urnen institute, she is the Vice President for Housing Finance policy and then last is David Finkelstein who is the chief Investment Officer for analy capital management. And i think we start with lori who has a couple of slides, and will take us through some of the data on history and development in credit Risk Transfer. Yes, just for a very short time, i think you did such a good job of mentioning, credit Risk Transfer actually started in 2012. And the idea was to reduce the overall risk of fannie and f
Affordable housing in the mission for generations to come. [applause] now we all know the sad history of rewoment in our city. The community that i grew up in the Western Addition and what happened to that community. A lot of propsses were made. A lot of housing was built. But when the time came, for example, in the Public Housing that i grew up in, 300 units torn down, 200 units built and the difficulty of so many of us being able to move back to the community. You remember this joyce armstrong, what happened in the Western Addition and how it really sadly destroyed a very vibrant African American community. And we look at this as a Lesson Learned and we have to think of the challenges that existed back then and what we have to do to change that for the future of San Francisco. And we are going to protect our diversity and our communities. We have to start making the right kinds of investments. Its why, when i was on the board of supervisors with this community, Roberto Hernandez was