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ECB's economy-wide climate stress test

ECB's economy-wide climate stress test
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Laguna Beach gathering celebrates state's exit from pandemic rules


Laguna Beach Local News
More than 45 people met at Laguna Beach City Hall on June 15, 2021, to celebrate the reopening of California’s economy. Photo by Sharon Evans.
More than 45 residents and city employees came together at Laguna Beach City Hall to formally recognize the city’s reemergence from COVID-19 restrictions and celebrate their post-pandemic lives on Tuesday.
Mayor Pro Tem Sue Kempf and long-time resident Denny Freidenrich met up for the friends and neighbors, many of whom hadn’t seen each other in the last 16 months, for the community group photograph. 
Freidenrich asked for a moment of silence to remember the more than 600,000 Americans who have died after contracting COVID, more than 62,000 of whom were Californians. Of those, 5,099 people were from Orange County by Tuesday, according to the Orange County Healthcare Agency. He praised his neighbors for remaining calm during the unprecedented health crisis, despite the trauma everyone was expe ....

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Financial Stability Review, May 2021


Financial Stability Review, May 2021
Foreword
This is the third issue of the Financial Stability Review (FSR) prepared in the context of the coronavirus COVID-19 pandemic, with many euro area countries having faced a third wave of infections. As a result, a vast number of firms – particularly those in the services, leisure and travel sectors – still cannot operate normally, and the economy is still reliant upon policy support to prevent widespread unemployment, corporate insolvencies and economic contraction. The human and economic costs of the pandemic continue to accrue.
That said, vaccination programmes are progressing and offering a route out of the pandemic. Financial markets have been driven by expectations of an upswing, exemplified by a striking rally in global equity markets. We are optimistic that financial and economic conditions will bounce back. There is, however, a reality that the pandemic will leave a legacy of higher debt and weaker balance sheets, ....

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Constable: Pandemic brings us 'Honey, I shrunk the Holiday Housewalk'


Note: This column has been updated to correct the spelling of Judy Hasenjaeger s name.
With the 2020 pandemic scuttling the Mount Prospect Historical Society s 33rd Annual Holiday Housewalk, the group is using a new idea and toys from the past to save its biggest fundraiser of the year.
It was my first idea, right out of the gate, says Emily Dattilo, 27, a Mount Prospect native hired in July as the society s new director. Forced to scrap the idea of hordes of strangers paying $28 to take a December walking tour through historically significant homes in the village, she turned to the society s collection of antique dollhouses. ....

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