Role, on the Long Distance round table, ben levisohn, carlton english and jack howe. The fed has been sometimes blamed for propping up the market, but it looks like fridays selloff may have been in part due to what the fed was saying and doing. Thats right. I think the fed made a mistake. They released the results of their a bank stress tests, and at first they looked just fine. The dividends were capped for the third quarter, but that wasnt much of a surprise. Normally the suspension of buybacks because no ones really buying back banks anymore, but they left a lot of uncertainty about future quarters. As investors looked at those numbers, they a really started to get a bit afraid of what it meant for bank stocks, and then they started to fall on friday. And it really isnt good for the market at this point or investors. Tech is about 27 of the s p 500 right now. If thats near dot. Com levels. Investors really need other choices besides tech, and they were starting to feel comfortable w
Role, on the Long Distance round table, ben levisohn, carlton english and jack howe. The fed has been sometimes blamed for propping up the market, but it looks like fridays selloff may have been in part due to what the fed was saying and doing. Thats right. I think the fed made a mistake. They released the results of their a bank stress tests, and at first they looked just fine. The dividends were capped for the third quarter, but that wasnt much of a surprise. Normally the suspension of buybacks because no ones really buying back banks anymore, but they left a lot of uncertainty about future quarters. As investors looked at those numbers, they a really started to get a bit afraid of what it meant for bank stocks, and then they started to fall on friday. And it really isnt good for the market at this point or investors. Tech is about 27 of the s p 500 right now. If thats near dot. Com levels. Investors really need other choices besides tech, and they were starting to feel comfortable w
And has been integral to our efforts to effectively work with the supervisors and their staff. So the summary of local priorities is included in this calendar item and touches on broabroad topics which i wont l out individuals. Theyre familiar in terms of contract vision zero and priority projects. Moving to the state priorities, the proposed 2020 state legislative program, and transportation funding, emersion and parking, land use and housing and sustainability and i would note these are issues carrying over into the second year into january, year two of the current session and the dynamics are different in year two. I think were looking for opportunities to build on some of the conversations that started in year one. But also, perhaps, advance a little more aggressively some of the proposals have been eluded to around vision zero. With that, i will highlight a few of the things in the calendar item. First under transportation funding, there are specific things to call out and under s
Are ways to invest money conscientiously and stefan nolan knows all about them hes a banker and deals with sustainability for 15 years hes been advising customers and deciding whos loans get approved. If i really feel like i can make a difference with the way started in a conventional bank and it was when i just started a family i asked myself what should i do with what ive learned what am i leaving behind for my children. Stefan switch to g. L. s germanys oldest Sustainable Bank it does things a little differently to other banks it funds ecological projects and doesnt hand out bonuses stefan is on his way to meet an entrepreneur who needs money for his grand vision. Of india is known as plan is to make paper out of grass. One of the big scale it already works on a small scale and he says it would protect resources but can only meet demand for the new role material if he expands his business. We need a new plant so were looking for someone from the sustainability sector who would live
The proposed 2020 state legislative program, and transportation funding, emersion and parking, land use and housing and sustainability and i would note these are issues carrying over into the second year into january, year two of the current session and the dynamics are different in year two. I think were looking for opportunities to build on some of the conversations that started in year one. But also, perhaps, advance a little more aggressively some of the proposals have been eluded to around vision zero. With that, i will highlight a few of the things in the calendar item. First under transportation funding, there are specific things to call out and under statewide funding, the tircp, we do anticipate advancing a large request from this program for a combined core capacity investment, if you will, of muni forward and train control system improvements and they are due very soon. So i wanted to make you aware of that and we will be working with the delegatio delegation to makt case. S