Clock to show you how much time is remaining. All members and witnesses need to be especially mindful of the fiveminute clock. At 30 seconds remaining ill , gently tap the gavel to remind members their time has expired. To simplify the speaking order process, the commission has decided to order ourselves alphabetically. With that, welcome to this virtual hearing convened by the congressional oversight commission, pursuant to section 4020 of title 4, subtitle of the cares act, the Commission Must conduct oversight of the 500 billion authorized for the Exchange Stabilization fund. As part of our oversight work, the commission has decided to hold this hearing today which will examine the main Street Lending facilities. The Federal Reserve established the main Street Programs to support lending to small and mediumsized businesses, and nonprofit organizations that were sound before the covid pandemic. The program operates through five facilities which we will learn more about this morning.
The slowdown in deaths in spain and italy are the few bright spots across europe and some countries gradually start to reopen. Brazils president joins a rally against isolation measures put in place by state governments. A grim economic fallout of the new coronavirus pandemic for the 1st time in history u. S. Oil prices have crashed below 0 dollars into negative territory thats because theres more oil in the market because of low demand and producers are running out of storage lockdowns around the world in response to the coronavirus have produced a massive slump and demand for energy u. S. President donald trump says a collapse in prices is short term and suggested that it could even be a positive thing for america. Based on the record low price of oil that youve been seeing. At a level thats very interesting to a lot of people were filling up our National Petroleum reserves through dziedzic you know the Strategic Reserves and were looking to put as much as 75000000000 barrels into th
Hello, everybody. I we good to go . My name is mark tercek, until recently i i was ceo of the Nature Conservancy. Im really delighted to be here to be the moderator of todays discussion. We have great panel to my left is monica de bolle, senior fellow at the Peterson Institute for international economics. To her left is daniel zarin, director programs at the climate and landuse alliance, and then on the screen is my good friend peter seligmann, the cofounder and ceo of and new ngo focused on a lot of issues that will be discussing today. It is also well known as the founder and longtime ceo of Conservation International where he continues to the chairman. Our topic today is the Global Impact of the amazon rain forest. You been reading about in the news you can of course so many issues. First of all whats really happening, its hard to tell on the basis of the news, how much of this is due to illegal logging or industrial agriculture or bad government policy or is Climate Change itself i
Hello, everybody. I we good to go . My name is mark tercek, until recently i i was ceo of the Nature Conservancy. Im really delighted to be here to be the moderator of todays discussion. We have great panel to my left is monica de bolle, senior fellow at the Peterson Institute for international economics. To her left is daniel zarin, director programs at the climate and landuse alliance, and then on the screen is my good friend peter seligmann, the cofounder and ceo of and new ngo focused on a lot of issues that will be discussing today. It is also well known as the founder and longtime ceo of Conservation International where he continues to the chairman. Our topic today is the Global Impact of the amazon rain forest. You been reading about in the news you can of course so many issues. First of all whats really happening, its hard to tell on the basis of the news, how much of this is due to illegal logging or industrial agriculture or bad government policy or is Climate Change itself i
[inaudible conversations] [inaudible conversations] hello, everybody. I we good to go . My name is mark, until recently i i was ceo of the Nature Conservancy. Im really delighted to be here to be the moderator of todays discussion. We have great panel to my left is monica, senior fellow at the Peterson Institute for international economics. To her left is daniel, director programs at the climate and landuse alliance, and then on the screen is my good friend peter, the cofounder and ceo of and new ngo focused on a lot of issues that will be discussing today. It is also well known as the founder and longtime ceo of Conservation International where he continues to the chairman. Our topic today is the Global Impact of the amazon rain forest. You been reading about in the news you can of course so many issues. First of all whats really happening, its hard to tell on the basis of the news, how much of this is due to illegal logging or industrial agriculture or bad government policy or is Cli