Its going to predict how it would react under a stress event. And so was the key one of the key issues is what how are investors anticipating this . Is this part of their Investment Strategy . And do prices reflect it, and do practice Risk Management practices reflect that . I think that there are two issues we have to separate as we address the questions you offered. Is there a liquidity crisis . The first is are we in the midst of a transition from one type of market to over. If over night, we say that ever bond dealer who works in a bank can no longer deal bonds, the next day it will be a little harder to buy bounds. No question about it, and sell them as well. But what will happen afterwards, the banks will sell their operations to hedge funds to other companies, to the employees themselves and theyll get reorganized to find the capital and make money, because there are opportunities to make money when people demand liquidity, by the way, theres no such thing anywhere of free liqui
Aware of the risk. We are studying and adapting to these risks to identify, prioritize, and develop Effective Solutions to future vulnerabilities. Thankthank you very much. Thank you, admiral. Members of the committee. Congressman thank you for what you do. Distinguished colleagues on the panel and in the audience thank you. I speak today for the over 200,000 members of the Chesapeake Bay foundation, board, staff. Chesapeake bay is Getting Better but it is still a system dangerously out of balance. I use the word system because science has taught us to realize that the chesapeake is a collection of all the rivers and streams which feed into it. Of course the main stem. Fortunately theyre is a plan in place to restore the chesapeake and all the rivers and streams. It is called the chesapeake clean water blueprint or the mother of all t mdl. It is a heavy left. And Global Climate change will add to the burden. We are seeing the impact now right before our eyes. Chesapeake Bay Foundation
The wake of Tropical Storm isabel. In 2003 isabel caused widespread flooding and equipment damage throughout the yard. The total cost of that for repair was 120 million. Weve taken several measures to ensure a similar event will not have the same detrimental impact. Weve raised the ground floor elevations of new construction. For example, wesley brownfieldhouse was built above the flood level and acts as a flood wall. We reelected the chiller plant and moved the hvac equipment to rooftops where feasible. We have raised electrical outlet on ground floors and installed check valves on ubd ground tunnels and storm lines. Where suitable weve identified opportunities for quote wet, flood proofing unquote where we designated billings and fields that will be allowed to flood once in a 100 years. They can handle flooding with minimal damage and using costs to keep them dry would not be Cost Effective. And we have protocol for equipment relocation in classrooms and labs in the event of a major
Chesapeake Bay Foundation has Environmental Education centers on smith island and tangier island. Inhabited islands in the mid bay. Residents of smith and tangier are losing their homes. They are losing their island. Day after day, week after week, losing their home. On a property in the chesapeake Bay Foundation, in just the last 25 years we have lost an entire pine forest, several dozen acres, several hundred trees to sea level, bay level rise. Ive submitted my testimony, but let me just summarize briefly. The impacts of Climate Change are multiple, but let me tell you about three for Chesapeake Bay. Warmer waters have a decreased capacity to hold dissolved oxygen exacerbating the bays dead zone. Temperaturesensitive species like eel grass and many others are really, truly at risk. Second, the bay region is particularly vulnerable to Sea Level Rise exacerbated, exacerbated by land subsidence. Approximately one foot of net Sea Level Rise in the chesapeake over the last 100 years is ro
Look at the surveillance video. You see the men and broad daylight and start firing into a group of people. Police want you to give a call if you recognize these faces. Anyone with any information, please come forward. Still get caught. This pain is not going to go away but it would ease the pain when they are in handcuffs and that happens for them. Dc police are offering a 25,000 reward for information leading to a arrest. A crash on connecticut avenue shuts down divinity street. An accident reconstruction crew was on the scene. The crash took before nine. It is there for 95. Three people suffered nonlife threatening injuries and were taken to hospital. Two people struck by car in a Church Parking lot. The man and woman were struck in the lot of the Unitarian Universalist church on river road in bethesda. Fee were told both for 86 years old. They were taken to the hospital. Injuries are nonlife threatening. Were also told the driver of the vehicle that struck them remained on the scen