To declarer can rise a recess of the subcommittee at any time. Without objection members of the full committee not on the subcommittee are authorized participate in todays hearing. Members are reminded to keep their video function on at all times, even when they are not recognized by the chair. Thatrs are also reminded they are responsible for muting and unmuting themselves and to mute themselves after they are finished speaking. Consistent with the regulations accompanying House Resolution 965, we will only mute members and witnesses as appropriate. When not recognized for to avoid inadvertent background noise. Members are reminded that our house rules relating to the order and the decorum of the desk decorum applied to this remote hearing. This hearing is entitled insuring against a pandemic challenges and solutions for , policyholders and insurers. I now recognize myself for three minutes to begin with an opening statement. According to the Congressional Research service, 110 Millio
Recognized by the chair. Members are also reminded that they are responsible for muting and on muting themselves and to commute to themselves after they finished speaking. Consistent with the regulations accompanying House Resolution 965 will only mute members and witnesses as appropriate. When not recognized for inadvertent background noise. Members are reminded that our house rules relating to the order and the decorum of the hearing. This hearing is entitled insuring against a pandemic challenges and solutions for policies and i now recognize myself for three minutes to begin with an opening statement. According to the Congressional Research service, 110 Million People could enter a state of extreme poverty do that to the Global Economic contraction and here in the united states, 67 Million People filed for Unemployment Insurance since march of this year. The harmful effects of this pandemic are the stability of Small Businesses like restaurants cannot be overstated. Thereve been li
Kind of takes the relief trade, if you will, out of the treasury market. Have a vaccine but have to deal with the rising case counts. Its difficult for Bond Investors to show no caution to the wind. Think about what actually has the chance to survive. Jeff rosenberg is joining us right now. What a week it has been in the market, tested in several fronts. Lets talk about credit first. We have the fed and the treasury having a little bit of a spat over the emergency programs introduced this year. I have to say this market has responded quite well to it. What was your take . The the most important of support measures are not affected, these were not used very much. They were most effective on announcement date, not much uptake. The market is seeing through that, and its a little bit less of a significant Market Reaction because it is less of a significant issue, if those support measures were to fall away. Pointsn as my colleague out, hasnt harmed the appetite for debt. We have been tryin
Supervisor safai present. Supervisor stefani present. Supervisor walton present. Yee absent, we have quorum. I would like to make an announcement about Public Comment. Public comment is available for each item on the agenda, via telephone by calling 14156550001 and when prompted entering access code, 146 226 7339. Once you join, you will be able to listen to the meeting as a participant. To make Public Comment on the item when the item is called, dial star 3 to be added to the queue to speak. The operator will advise that you will be allowed two minutes to speak. When the two minutes are up, well move on to the next caller. Calls are taken in the order which they are received. Best practices is to speak slowly, clearly and turn down audio around you. That concludes my announcement. Supervisor peskin thank you. Could you read the next item. Item 2, chairs report. This is information item. Supervisor peskin ill be brief. By congratulating our Regional Transit partners at bart on winning
Team. Can i comment . Yes, please. I did leave it high level to work identifying who would sit on that task force. So, i did not specify it but depending on the discussion here with my colleagues, they feel it would be best serving. Its the super inten department is creating the task force, not lowell in and of itself. So, just president sanchez, i would be supportive of examining and evaluating the letter that i had read into the record including evaluating the culture. Sorry if im dragging this on. Since its made by the superintendent, would it ensure student representation is on this task force . Yes. Yes, is this dated in the amendment. It has including but not limited to students, families, educators, administrators and communitybased organizations. Students are first mentioned. So, to clarify, like, im just, theres a letter but im not clear on how specifically the staff is supposed to implement the task force based on a letter that was not written for this purpose. So im confused