Several hearings we had discussing Climate Change focusing on current, future and Economic Impacts. I will defer to the Opening Statement for myself. When we spoke earlier in the holding area, i mentioned the fact that we would hopefully do a hearing. We do have time for your Opening Statements. What i would like to do is afford each of you the opportunity to do so so let me introduce the four of you and move to you, mister gomez. We have j. Alfredo gomez, Government Accountability office come a dave jones, senior director for in my mental risk and Nature Conservancy, institute for Economic Freedom and the heritage foundation, doctor Michael Michael greenstone, Milton Friedman, from the university of chicago and Stephen Benjamin mayor of the city of columbia, South Carolina. With that, director gomez, you are recognized to give an oral presentation of your testimony for five minutes. I am pleased to be here to discuss how to limit the federal governments exposure by better managing Cli
We take you to capitol hill for a House Oversight hearing on the Economic Impact of Climate Change under way. There are several reasons the on as a consequence it undermines the american people. Let me list. One, in 2018, the Trump Administration instituted a smaller social cost of carbon of 1 to 7 compared to 50. Its based on two faulty assumptions. First, it uses inappropriately high discount rates that are not supported by economic theory or Financial Markets. Second, it fails to account for damages that occur outside the United States. This failure discourages other countries who in total produce about 90 of total co2 emissions from undertaking emissions cuts that would benefit u. S. Citizens. The United States special role in global democracy can produce demonstrable benefits for u. S. Citizens, and we are failing here. The absence of meaningful progress at the recent madrid climate talks is evidence of what happens when we retreat. Number two, the social cost of carbon is no long
Of our unity, artists of belarus and russia decided to talk about our values, oil, acrylic, the floor to honorary academicians, and there are no accidents here. Belarusians have been members of the Russian Academy of arts since the 19th century, this is not an Art University in the standard sense, a fullfledged Industrial Academy of sciences with a history of 267 years, the doors opened again to our 12 contemporaries in 2007 with the lifelong status of honorary academician. This is one of. Energetic substance, they literally draw the correct vectors in the common union space, they do not compete, but speak as equals, in terms of the amount of work, by age in the passport and by topic. Belarus here is a special, lets say, component of us, because well, this is the very unity, my colleagues and i talked a lot about this, what it is a single art school, very often the same teachers and mentors, simply a clear focus these are outstanding. All the artists of the 20th century, who at one tim
Recently, these were the advantages of waterway logistics. The suedian channel attracted special attention 3 years ago. In march 2021, the eva given, almost half a kilometer long, blocked the main sea route from asia to europe. Every hour of downtime cost the Global Economy 400 million. In total, during this lockdown, countries lost 230 billion. After all, through the soetsky canal. 12 of all world trade passes through. The cause of the incident could not be determined. Experts said it was all due to the strong wind. It was extremely difficult to believe this. That ship was carrying chinese cargo from china to europe, with Tankers Holding a Million Barrels of arab and russian oil in line. American black gold was not affected, because it is delivered through a different route and there is an opinion that the blocking is far from an accident. This is a signal, one might say. Washingtons latest warning sent to several addresses at once firstly, to china you cant disobey the United States,
Office. Now, a hotel beus used by the government in yemen has been attacked. The Vice President and other minister that his returned from exile two weeks ago were using it as a base. He has reported from yemen and has been following todays latest vents and with me here live in the studio. Lets start with the latest on casualties. What is the latest line on that . Basically local sources say there are casualties particularly at the main great the hotel where the first explosion took place the attacks were basically cars packed with explosives targeting the palace hotel think we dont have any confirm also so far whether these were the casualties are mainly yemens from Coalition Forces but now different sources indicate that this was a coordinate ahead tack. Aimed at the palace hotel where the where the Yemeni Government and the Coalition Forces are based in the city of aden. At this point, is it clear what hit the hotel . Initial reports were talking about rockets targeting. Now we are g