Slowing in the Housing Market might have constrained the rise in household leverage, as mortgage debt growth would have been slower. But the job losses and higher Interest Payments associated with higher Interest Rates would have directly weakened households ability to repay previous debts, suggesting that a sizable tightening may have mitigated vulnerabilities in household Balance Sheets only modestly. Similar mixed results would have been likely with regard to the effects of tighter Monetary Policy on leverage and reliance on shortterm financing within the Financial Sector. In particular, the evidence that low Interest Rates contribute to increased leverage and reliance on shortterm funding points toward some ability of higher Interest Rates to lessen these vulnerabilities, but that evidence is typically consistent with a sizable range of quantitative effects or alternative views regarding the causal channels at work. 4furthermore, vulnerabilities from excessive leverage and reliance
Tennessee sesquicentennial. Thank you for attending this session featuring our same topic of the day, the last campaign in tennessee. My name is van wes, i am the Tennessee State historian. And a professor at middle Tennessee State university. It was an easy drive over to join this event today. For our expert historians, they have all come quite a way to join and be part of this event. Im appreciative of that. The way i would like to do this, so we have plenty of time for questions and comments, i am going to introduce all three speakers now in alphabetical order. They all come up in that order. Ok. Our first speaker will be chris lawson. I have known chris for 30 years. It goes back to his excellent work on frank cheetham, and his confederate division in tennessees forgotten warriors. That came out in 1989. He has been involved with us and been very generous of his time here for different civil war and Franklin Battlefield symposiums that we have worked with. Welcome back. Our second
This system wont do much for us with clouds until tomorrow and then a breeze will crank up. I think you will notice that 40s on the temps. At least record highs give way to cool mornings. And a little change here. It will be pleasant but not as warm as sunday. More of a westerly breeze. A few high clouds and some of that fog is beginning to form. Well inland some 80s. All right sal we have an issue on 580. Westbound 580 at the dublin interchange. It will start there. There was a crash that was blocking lanes. Still blocking one lane on westbound 580 as you come up on the 680 interchange. It turned out to be a noninjury accident. Fire medics have been canceled but they have one lane blocked. The tow trucks are on the way. Westbound 580 is getting slow approaching the 680 interchange. Slower than it would be for this time. You should probably get out there soon. The traffic is coming in from livermore to get out there as soon as you can. Bay bridge doesnt look bad. If youre driving in sa
A few high clouds. Patchy fog popping up as this system approaches. That is all it takes. You can see there is a little bit there. That will give us a pretty crank up on the breeze starting tuesday into wednesday. Today it will pick up the west wind. 40s on the temps or 50s. At least the mornings are on the cool side. We will see more of an on shore breeze. A few high clouds to the north. So it will be pleasant today. It will be nice. Just patchy fog. Lots of sunshine. A few high clouds in the north bay. 60s and 70s and a couple 80s. This may be it for the 80s this week. I know you have been busy on a monday morning. 580 and 680 is by far the worst commute and corresponds with that commute. It is getting extra help from an earlier crash. 580 that was at the 680 interchange. This is one of the web cameras cal tran has set up in the area. You can see the brake lights are there. Let me show you on the map a little bit of a drive time here. Westbound 580 it is taking about 50 minutes to dr
And the final chapter in the life of a literary icon. Thousands pay their respects to Gabriel Garcia marquez. The United Nations has accused south sudanese rebels of massacring hundreds of people. Piles of bodies littered the streets in bentiu since the killings last week. South sudans government has been battling forces loyal to riek machar. He told al jazeera that the troops were not behind the attack. The exclusive report contains disturbing images. Reporter the things that could be seen along the road from the airport to the mosque were horrific. There were so many dead bodies, Construction Equipment was used to move them. Outside the gate there was another pile of bodies dragged there or killed together. The stench of death was overwhelming. Even for the rebel guards standing guard. The rebels say many were butchered in the mosque, where muslims, mainly from darfur and sudan sought message. After filming these pictures we were told the real number of People Killed in the mosque wa