Financial Services Subcommittee hearing on creating a federal pandemic Risk Insurance program. Even when they are not recognized by the chair. Members are also reminded that they are responsible for muting and unmuting themselves, and to admit themselves after they are finished speaking. Consistent with the regulation accompanying house rest 965, staff will only mute members and witnesses as appropriate. When not recognized to avoid any background noise. Members are reminded that all house rules relating to order and the corn to this remote hearing. History is entitled insuring against a pandemic, challenges and solutions for policyholders and insurers. And i now recognize myself for three minutes to give an opening statement. According to the Congressional Research service, 110 Million People worldwide could enter a state of extreme poverty due to the Global Economic contraction, and here in the United States 657 Million People have filed for Unemployment Insurance since march of this
Bio cad one of the companies expected to launch production of the coated 1000 vaccine is that correct thank you fact we are already manufacturing the vaccine the only question is the volume and the time it will take to complete the order lets be more specific that which vaccine are we talking about we know that there are currently 3 different Vaccines Available on the russian market. I am of course talking about sputnik. A Research Institute which at the moment the vaccine is undergoing Clinical Trials but it has already been registered and is being produced to vaccinate specific population groups. You have a contract with the government to produce the vaccine correct. Its all very simple really we serve as a platform for the contract but the whole process is put together in managed by the government Research Institute in collaboration with the Health Ministry. Our role is to fulfill the contract by producing the required number of doses in the established timeframe and in school you c
His fans with tax cuts. And a belgian food designer makes edible art that will take you by surprise. But 1st we begin in london, which can appear quite gloomy in the darker days of fall and winter, but french, a Graphic Designer come in while law is trying to change that by injecting bold colors and shapes into the city. She believes strong colors, like these have a powerful impact on people. So she turns building facades, bridges, and even cross walks into a high catchers. Her style is inspired by the postmodern Italian Design Movement called memphis. Well, we met up with her in london to see how she is transforming the city. Cammy was a french designer, colorful, and playful. Mission to turn london into a more cheerful place, through geometric and colorful patterns. Just want to change a bit of the of the city by bringing a lot of bright corals on buildings. All i can from the space, like umbrage, i think, is just you dont realize the impact of corals how he does on people can meet h
Worn surging numbers may undermine a Global Recovery. Plus, we discussed prospects for the u. S. And the wider picture with the atlanta fed president , who joins us this hour. Haidi lets look at the sydney staggered open, the friday session muted compared to the street we have had in asian stocks, asiapacific stocks seeing 13 consecutive days of gains broken by the thursday session, the longest winning streak since 1988 coming to an end. A flat stock a flat start in sydney, kiwi stocks up, muted start in japan spite heavy inflows of foreign buying. We are seeing a further downside when it comes to trading in the futures session. Getting secretary mnuchin speaking at the moment. He is speaking in an interview with Bloomberg News, saying financial conditions are quite strong, that companies that are need grants,covid not that. We heard secretary mnuchin earlier asking the fed to return unused coronavirus money. We will get you more as we get those comments. This is coming at a time when
A final assault on the city of mechanic. To grant forces refused to step aside. Joe bidens transition to the white house can now begin in earnest until now hes been doing it without the support of the federal office, which is tasked with overseeing the transfer of paul. But more than 2 weeks after his victory speech, the head of the General Services administration has finally told the president elect that the transition can formally begin means bidens new administration can meet with federal officials to work on the Pandemic Response. The National Security front tweeted that he is ready for the transition. He thanks the g. S. A. Administrator and liberty for her dedication and loyalty to the country. He also went on to say that shes been harassed and abused. He didnt want the same thing to happen to her family. He says that his case will continue. Hes going to keep up the good fight, as he says, and believes that he will prevail. But that he has recommended that emily and her team do w