Comptroller of the currency, the Senate Banking Committee Received a 6month update on the state of Banking Systems, the impact of covid19 and support for Small Business owners in communities of color. This runs an hour and 45 minutes. Today we welcome to this virtually hearing the federal prudential regulators, Federal Reserve vice chairman Randal Quaries, office of the comptroller, brian brooks, chairman of yellen and mcwilliams, chairman of the National Credit administration rodney hood. We will receive testimony from each agency on efforts, activities, objectives and plans since we last testified before the committee. As well as an update on covid19 related actions. Since the passage of the coronavirus a relief and Economic Security act or cares act your agencies have taken many meaningful steps to ameliorate the Economic Impact of the pandemic as you provide conditions that will lead to a forceful recovery. On october 30th the Federal Reserve announced changes to its facility inclu
We said tuesday night we knew there would be an effort to count votes that will extend through the week, and now was not the time to get ahead of ourselves. This is how the electoral process is supposed to work. These votes are being counted that were cast in places like arizona. Stage votes were people dropped off ballots on election day. They were set aside, there love the last ones to count, they have a different look to them than the ones cast in advance of the election. We see joe bidens lead diminishing in arizona. In pennsylvania, they set aside all of the early votes and counted the election day votes first, which looked good for donald trump. Now they are counting those ballots that came in later through the electoral vote process, through the early vote process, and it looks much better for joe biden. Until the votes are done, this election is incredibly close, just like in 2016 we have to be patient to decide who the end is. I would say all indication in each of these open s
Be back in the building of the Heritage Foundation. Weve been away for some type teleworking. But this is my first day back for a while. Im very pleased to be back here today for this very important hl Heritage Foundation. Weve been away for sometime teleworking but this is my first day back for a while but im very pleased to be back here today for this very important event. Of launching the Heritage Foundations 2021 index of military strength. Now this is the seventh addition of the index. And the index has become one of Heritage Foundations flagship publications. Our goal is unchanged from the very first issue. Its to provide both the leaders of this country, and also the American Public a premier open source and authoritative assessment of Americas Armed forces and their ability to protect the nation. On i think that weve not only achieved that ball but we have continued with this effort this years addition is the best ever. In addition to its usual breadth of subjects our index alw
It is great to be back as we kick off and our inaugural speaker as you mentioned is the professor of Business Administration at the school at uva and today is going to discuss his latest book that is so relevant given the current discourse going on in the nation with the word and, the most powerful word in our language. Lets find out why in the power of and the responsible tradeoff. Because they just opened a philosophy factory by the interstate. You will be fine. I got very lucky and ive always taught in Business Schools but that sends optimism and idealism in the shadows of this awful pandemic and the devastation that has occurred in the world in many communities. Is still remain incredibly optimistic we will find a way out of it. We will find our way to Racial Justice and build a better world with all of us. I want to focus on the debate which exist about ethics and capitalism there is an old story about business that is deeply rooted all over the world not just in the us and you kn
Themselves after they are finished speaking. Consistent with the regulations house resinac 965, staff will mt members and witnesses after the process. Tewe are not recognizing background noises. Orr and decorum apply to this remote hearing. His hearing is entitled ensurin against a pandemic colin challenges a solutions for policyholdersle and insures. I w recognizeyself for three minutes to give an opening statement. According to theongressional Retail Service 1 million peop could enter a sta of extreme poverty due to the Global Economic contraction a here in the United States 67 mlion people have filed for unemployment insance since march of this year or the harmful eects of ts pandemic on the stability of sml sinesses like restaurants nnot be overstated. They have been obliterated. Dozens of restaurants in my home strict and ms. And st. Louis have closed in wh them the vendors who sell the farmers are owing the food truck driver Storage Facility facilities and entire suppl chains are