Affected companies and disrupted billions of lives and jeopardize development process. The june edition of the world banks Global Economic prospects which motivates todays conversation and visions a 5 1 4 percent construction in global gdp in 2020. This is a different recession sinceworld war ii. And a drop in capital incomes since 1870 and it is a timely and vigorous report informed by an assessment of the fundamental drivers of longterm growth includingthe collapsing investments which will slow capital formation. And the dislocation of trade and supply linkages among others. Beyond the headline Economic Growth numbers the pandemic is having a disproportionate effect on low Income Countries where the dependence on commodity prices, food is the largest and in a way economies are dominated by the factor with which lowers its ability to adjust to measure such as confinement similarly, the most vulnerable populations in the advanced economies are relatively more exports as such a pandemic
Where you are. Thank you for joining us for this Virtual Event on the po postcovid global outlook. Im a senior fellow and vicepresident of the economy and Development Program at brookings. The Global Economy is sharp, unprecedented in its depth. And the pandemic and responses have brought countries and economies to a standstill disrupting billions of lives and jeopardizing decades of development progress. The june edition of the World Bank Global economic prospects which motivates todays conversations envisions a 5 1 4 contraction of global gdp in 2020. This is the deepest global recession since world war ii and the largest collapse in per capita income since 1870. Its a timely report thats informed by assessment of the fundamental drivers of longterm growth, including the collapsing investments which will slow capital formations and in Human Capital and the location of trade and supply linkages among others. The pandemic is having a proportionate effect on lower Income Countries where
Hazards preparedness act. I will collect all hazards preparedness act, that makes it better for me. Fromaw helps protect us the full range of Public Health threats. Then in 2013, senator burr and , senator casey led the authorization. Many members of this committee some are still on the committee. Now, the bill needs to be reauthorized for a second time. Todays hearing is the second we have had this year. Last week, we heard from the oninistration recommendations in advance of the reauthorization act, including the secretary from preparedness response, the food and the administrator centers for Disease Control and prevention. The middle of the flu season, it is critical that we reauthorized the act before many of its provisions expire in september. I hope will do this in a bipartisan way, and i expect that. It has been tradition with the law and this committee with all of our major bills. People are not as aware of the devastation of, for example, flu, and they mentioned the flu season
Impose a new set of regulations under the employment Retirement Income security act or erisa on a greatly expanded number of people. Under current law, brokers and dealers that provide services to retirement plans are already heavily regulated. They are not, however, automatically consider labor law fiduciaries and therefore they are not subject to the increased liability provided under erisa. Instead, these Service Providers are subject to regulations issued by the securities and Exchange Commission to protect investors from fraud and ensure transparency. Under the new d. O. L. Rule, virtually any broker that provides Investment Advice of any kind to individuals regarding their individual retirement accounts or iras will be considered a pension plan fiduciary subject to Higher Standards and greater liability. As my colleagues have aptly noted, this rule will reduce the availability of Investment Advice for retirees and make the advice that is available more expensive which will have a
13 action news is uncovering some disturbing new details on a teacher arrested monday for Somerset Academy students may remember this teacher. William crawford. Who taught at the North Las Vegas campus. For 3 months. In 2 thousand 12. He was arrested this week. 13 action News Reporter Michael Burton uncovered sworn statements from his accusers. The investigation began in june twenty fourteen when a father and his 14 yearold daughter went to the North Las Vegas Police Department claiming that her former band Teacher William crawford kissed her on the lips twice in twentytwelve when he still worked at somerset. She also said he held her hand once during a group trip to robertos tacos. She even admitted to calling him dad because her dad was in the airforce and not usually around at home. She told investigators there was another female who they later interviewed. She told them crawford instructed her into a closet near the band room and tickled her causing her to slap his hand off. She wo