By women and people of color and turn to amass wealth as well as ways to overcome those obstacles. This is about one hour and half. [inaudible conversations] the committee will come to order. I note that a quorum shall be present without objection the committee is authorized to declare a recess of the committee at any time. Without objection members of the full committee, not on the subcommittee are authorized to participate in todays hearing. The committee is meeting today pursuant to the testimony on examining racial and gender wealth gaps in america. I now recognize myself for four minutes to give an opening statement. Todays hearing is around a Critical Mission avoid the subcommittee exist. The racial and gender wealth gap is real. Unacceptable and actually much larger than people think. True wealth can be defined by adding of total assets including cash retirement account or your home and then subtracting liability which is credit card debt, student loans, mortgage to reach you re
The committee will come to order. I note that a quorum shall be present without objection the committee is authorized to declare a recess of the committee at any time. Without objection members of the full committee, not on the subcommittee are authorized to participate in todays hearing. The committee is meeting today pursuant to the testimony on examining racial and gender wealth gaps in america. I now recognize myself for four minutes to give an opening statement. Todays hearing is around a Critical Mission avoid the subcommittee exist. The racial and gender wealth gap is real. Unacceptable and actually much larger than people think. True wealth can be defined by adding of total assets including cash retirement account or your home and then subtracting liability which is credit card debt, student loans, mortgage to reach you reach your net worth. The median net worth of white household with 130,800, the white median net worth of latina and households was 17530. And for black househo
To enable them to buy iranian oil. Those waivers went away. Those countries had to diversify. Those waivers might be given. That could be a potential rollback but not a full rollback. Nick inets turn to washington. How likely is it the president might be changing his position on iran . Is whate big question the president s position was in the first place. He has always wanted a meeting with the iranian president because that plays into his brand of personal diplomacy and believing inserting himself into these negotiations and looking a foreign leader in the eye can produce breakthroughs. What you are seeing is in expectations that have sanctions are eased it would be the waivers that alix steel mentioned. Allowing some oil exports as part of a french proposal to grant iran a 15 billion credit line to buy some goods. I do not think what you will be seeing is a wholesale lifting of these sanctions, because despite all of the top, the underpinning of the u. S. Approach toward iran is this
Stage in Public Awareness around the globe. Companies involved in oil, coal, and gas are the target of mounting criticism. More than 70 of Greenhouse Gas emissions come from just 100 fossilfuel producers. The top five are petrochina, exxonmobile, bp, sinopec, and royal dutch shell. Investors used to love fossilfuels as a way to make lots of money. But now many are frightened of holding stranded assets. Investment is turning into divestment. Investorors are reversing cour, shedding stocks and bonds in coal, gas, and other climatekillers. Norway is taking it very seriously. Its Sovereign Wealth Fund is pursuing a program of divestment. How well is it working . Reporter norways Sovereign Wealth Fund has assets of nine trillion norwegian kroner. Thats roughly a trillion euros. Its known as the oil fund. It invests worldwide, and is run by the cenentral bank. Itasas set uin 1 199and isisow thlargesesfund of s kind in the rld. Thaim of t fund iso ensure itasreonsisiblmanagement ofsow rereven
Stage in Public Awareness around the globe. Companies involved in oil, coal, and gas are the target of mounting criticism. More than 70 of Greenhouse Gas emissions come from just 100 fossilfuel producers. The top five are petrochina, exxonmobile, bp, sinopec, and royal dutch shell. Investors used to love fossilfuels as a way to make lots of money. But now many are frightened of holding stranded assets. Investment is turning into divestment. Investors s are reversing cour, shedding stocks and bonds in coal, gas, and other climatekillers. Norway is taking it very seriously. Its Sovereign Wealth Fund is pursuing a program of divestment. How well is it working . Reporter norways Sovereign Wealth Fund has assets of nine trillion norwegian kroner. Thats roughly a trillion euros. Its known as the oil fund. It invests worldwide, and is run by the centrtral bank. It w s set up 199990 d is n n the m of theund is tensureinthe. Respsiblble nagement of vevenue om theheountryry oil and s resours for