Chairman Barr, Ranking Member Foster, and members of the subcommittee thank you for the opportunity to discuss the Federal Reserve’s oversight work related to financial risks related to climate change. The Federal Reserve’s responsibilities for climate change are significant, but limited. These responsibilities are closely linked to our responsibilities for banking supervision and financial stability. Given that climate change could pose challenges to the financial system, it is important that we better understand these risks. Our main objective is to assess whether banks operate in a safe and sound manner and manage all material risks, including climate-related financial risks. We…
Author: Ebrahim
GENEVA (21 June 2023) – The UN Migrant Workers Commission(CMW) called on the European Union, the African Union and the League of Arab States to work together to establish safe and regular migration routes after at least 81 migrants drowned and hundreds more disappeared in one of Europe’s deadliest shipwrecks. The Committee today issued the following statement to the media: “We are appalled by the deaths and disappearances of hundreds of migrants who intended to flee their place of origin, cross the Mediterranean Sea and claim their legitimate human rights. So far, 104 people have been rescued and 81 bodies…
The Greek-Catholic bishops of Ukraine have lodged a complaint with the Holy See itself concerning the diplomatic neutrality of the Vatican in the war waged by Russia against their country.By NICOLE WINFIELD Associated PressSeptember 6, 2023, 9:01 a.m. ET• 4 minute readROME — The Greek-Catholic bishops of Ukraine have declared Pope Francis His words on Wednesday praising Russia’s imperial past pained the Ukrainian people, bringing to the heart of the Holy See complaints about the Vatican’s diplomatic neutrality in Moscow’s war against their country.The bishops were in Rome for a periodic meeting and met with the pope in person for…
Portsmouth has its own program commemorating important people with links to our city, including Sir Alec Rose, the Southsea greengrocer who sailed around the world on the ‘Lively Lady’ (Picture: MRW)Councilor Gerald Vernon-Jackson, a member of the City Council’s cabinet and former chair of the Local Government Association’s cultural council, welcomed the decision to move the extension forward and said he was proud to lead these efforts.”History has always been a passion of mine – it’s what I graduated from and it’s something we have a huge amount of at Portsmouth,” he told the Local Democracy Reporting Service. .”I’m glad…
Geneva, Switzerland. Pawel.gaul/Getty Images Switzerland is the best country to retire comfortably, according to US News & World Report. Portugal, Australia and New Zealand also top the list with quality and affordable healthcare. Switzerland has been ranked the best country in the world for the second consecutive year. Are you looking for a comfortable and picturesque place to withdraw? Perhaps try the mountains and lakes of Switzerland.Switzerland ranked at the top of the ranking Ranking of the best countries according to US News & World Report both globally and for a comfortable retirement. Switzerland also tops the list for its…
At least seven people have died after heavy rains caused major flooding in central Greece, Turkey and Bulgaria.Greek firefighters said a man was killed near the central city of Volos, which was particularly affected by the rains.The nearby mountain village of Pelion and the resort island of Skiathos were also badly affected. Government spokesman Yannis Artopios told Greek public radio ERT that the basement of the Volos hospital was flooded. Firefighters were “pumping out the water”, he said on September 5.Damage from the storm has yet to be fully assessed.”The amount of rain that fell in 24 hours is the…
A Michigan Senate Republican wants to prohibit the use of codes and symbols in public documents, an approach aimed at preventing secrecy designed to circumvent public records laws.State Sen. Ed McBroom, R-Vulcan, a longtime open government advocate, argues the bill is needed because of a specific problem: In 2021, a lobbyist and adviser working with the governor’s administration Gretchen Whitmer on a water crisis sent an email to a key Whitmer adviser containing at least one illegible passage.In the email obtained by Free Press, these phrases are in “symbols” font instead of English, making them indistinguishable until the message is…
WWI memorials in France and Belgium vie again to become UNESCO World Heritage Sites As war once again ravages the heart of Europe, the countless headstones, cemeteries and memorials of the First World War are a timeless testament to its cruelty. Belgium and France want them to be recognized as UNESCO World Heritage Sites to make people stop and think. They bring pause and introspection to almost anyone who visits the sites scattered along the old battle lines of the Great War of 1914-1918 which killed some 10 million soldiers. At 12, Robin Borremans dreams of becoming a helicopter pilot…
Albanian Prime Minister Edi Rama has reacted to the centre-right European People’s Party resolution authorizing the inauguration of imprisoned Himare mayor Fredi Beleri, passed in the European Parliament on Tuesday. Beleri, the winning candidate for an opposition coalition, was arrested two days before local elections in April on suspicion of vote buying. He claims his innocence but has since been remanded in custody, along with 48 other suspects, including candidates from the ruling center-left Socialist Party. Several appeals to reduce security measures if arrested in prison were rejected, meaning he could not be sworn in as mayor. Greece and the…
WWI memorials in France and Belgium vie again to become UNESCO World Heritage Sites As war once again ravages the heart of Europe, the countless headstones, cemeteries and memorials of the First World War are a timeless testament to its cruelty. Belgium and France want them to be recognized as UNESCO World Heritage Sites to make people stop and think. They bring pause and introspection to almost anyone who visits the sites scattered along the old battle lines of the Great War of 1914-1918 which killed some 10 million soldiers. At 12, Robin Borremans dreams of becoming a helicopter pilot…