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.
Small and mediumsized businesses that were in sound Financial Condition before the virus impact of the economy we will hear from the head of the fed in boston and banking and business leaders. Will come tog order. This is a hybrid hearing meaning some of our commissioners are appearing in person and witnesses will testify remotely. Let me offer a few Video Conferencing reminders. Before you start speaking there will be a slight delay before you are displayed on the screen. Click the mute button until your turn to speak or to ask a question. If there is a technology issue, well move to the next speaker until it is resolved. You should all have one box on your screens labeled clock to show you how much time is remaining. 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 a part of our oversight work, the commission has decided to hold
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 exam examine the main Street Lending facilities. The Federal Reserve established the main Street Programs to support small and immediate you yumsized business answer Nonprofit Organization that is were in found sentence condition before the onset of the covid19 pandemic. The program operates through five facilities which we will learn more about this morning. The programs being administered by the Federal Reserve bank of boston todays hearing will have two panels. President eric rosengry. N, Federal Reserve bank of boston will testify during the first panel. Second panel will i
For aid in indias northern aslam state to lock down hampers efforts to help flood victims. Irans foreign minister zarif has been visiting the iraqi capital baghdad he held talks with the Iraqi Foreign minister and the cost relations which have been strained by foreign powers serif says neighboring nations have to cooperate for the good of the region without and fairing in each others affairs and he doubts the killing of Iranian Revolutionary guard commander cost him sort of money after visiting the site of his death or great to say that this as a nation of custom so the money was a criminal act its a loss while country and the entire region and undermines the international if its for commenting on the sill and terrorism in the region again we reiterate we can you know maintain the sovereignty and territorial integrity of iraq. And this is what irans foreign minister had to say. Well if you are we look forward to continuing our balanced relations with all the regional countries and neig
And sewer pipes overhead and there were suers in the ground and sometimes were wood, rats ran freely and so did roaches. Bakers worked exceedingly long hours and exceedingly difficult work. It wasnt as difficult as a lot of work during that time, its true, but the title of my first chapter, by the way is not my grandma used to bake. They were handling 100 to 200 pounds of sacks of flour and its hard work and it was dirty and filthy and difficult work for long hours. But it wasnt just that it was difficult conditions for the bakers. There was also the Public Health was endangered by the conditions that these people were working in because the bread wasnt very sanitary. What was also happening in the country that people were beginning to look with Public Health and public safety. Well, i think this is a really good time after that clip to talk about the bake shop act and what the legislature of new york did to address the conditions that you so there were so well described in the video.