The meat of the last recession and prior to it. So this panel is going to be a a bit of a History Lesson. Take this off depressingly wonderfully if we can say that as a phrase. Ive heard him speak a few times ive never had to be so negative so that is something to take into consideration. I cut it its got to be a bit of a History Lesson so i want to set the stage a bit for what was going on in the years in the months leading on so when the financial downturn started and so just a reminder of the Great Recession and thought it at the end of 2007 and i was the largest collapse in state revenue on record by 2010 states were looking at a loss of 191 billion dollars in total in revenue that they had lost between from the start of the downturn and of course when there are times of economic downturn hitters more pressure on social Safety Net Services and things that cost a more money and so you have that inverse effect of more budget pressure at a time where the dollars are disappearing and s
He stressed the utilities plans to continue safety shutoffs. Especially considering as of 5 pm tonight crews found 30 incidents of system damage along lines that were deenergized. Including tree limbs damaging power lines or lines coming down completely. Pg e said 20 one of those instances were in the east bay and south bay. Those lines have been energized. We had the potential for numerous incidents. Reporter expressed concerns pg e could use the power shutoffs in retaliation for the puc holding the Company Liable for billions of dollars in damage. From recent wildfires. The idea we did this for any other reason that safety is wrong. There are no punitive actions here. This is purely a weather related safety event. Reporter the winds pick up next weekend johnson said the company has learned some tough lessons from this most recent safety shut off. What will customers definitively see changing . Better notification. Narrowing of the scope. Website that works no matter how much traffic
Vermont and they both serve between 2003 and 2011 are in the meat of the last recession and prior to it. So this panel is going to be a a bit of a History Lesson. Take this off depressingly wonderfully if we can say that as a phrase. Ive heard him speak a few times ive never had to be so negative so that is something to take into consideration. I cut it its got to be a bit of a History Lesson so i want to set the stage a bit for what was going on in the years in the months leading on so when the financial downturn started and so just a reminder of the Great Recession and thought it at the end of 2007 and i was the largest collapse in state revenue on record by 2010 states were looking at a loss of 191 billion dollars in total in revenue that they had lost between from the start of the downturn and of course when there are times of economic downturn hitters more pressure on social Safety Net Services and things that cost a more money and so you have that inverse effect of more budget pr
They both served 23 2011. Right in the meat of the last recession and prior to it. So this panel is going to be a bit of a History Lesson. I think they put this off, depressingly wonderfully. If you can say that is a phrase. Ive heard him speak a few times. Ive never heard him speak on something negative. This is going to be a bit of a History Lesson so i want to set the stage of it or what was going on in the years and months leading up to when it started. So its just a reminder, the Great Recession started in the end of 2007 and it was the largest instate revenue on record. By 2010, a loss in total revenue that they glossed from the downturn. In times of economic downturn, theres more pressure on services and things that pressure and money disappearing. Id like to set the stage a bit for these two states. For vermont, heading into 2009, before the stimulus began kicking in, the state was looking at a 82 million defic deficit, heading into 2009 and you think thats bad, they were proje
Test. Test. Test. Test. Test. Test. Test. Test. Test. Test. Test. Test. Test. Test. Test. Test. Captioning performed by vitac there are some well known differences in the current economic environment compared to past environments that make the yield curve a little less of an indicator. The probabilities are pretty high. If you take the unjusted measure, and the other financial variabilities, a year from now, the Second Quarter of 2020, the probability of recession is roughly twothirds. If i make an adjustment, its still high, its not far away. The shaded bars represent recessions. Every time this measure goes over 40 , weve had a recession. And theres a lot of more fundamental reasons to be a little nervous about whats going on out there and why recession risks are high. If you look globally, a number of Major Economies are already in recession or pretty close. Germany, italy, the uk, brexit is complicating things for them. Mexico, brazil, singapore, its small but most open economy on