The hearing on the senate health, education, labor and Pensions Committee will please come to order. We want to thank our staff for working through some technical difficulties this morning, and thank the senators and our witnesses or joining us from around the country at various offices. We are all following the attending physicians protocol for safe distancing, and those of us who are here are Wearing Masks on her weight in and sitting at least six feet apart while we are here. Senator murray and i will each have an Opening Statement, then we returned to our witnesses for their statements of about five minutes each, if they could please summarize them and oh, there it is. And senators will each have five minute rounds of questions. We have a vote at 11 40, so we we will need to finish this hearing about noon and hopefully all the senators will have by that time a chance to ask the questions. The question for administrators of 6000 colleges and universities is not whether to reopen in
Good morning. Good morning. The hearing on the senate labor and Pensions Committee will please come to order. We want to thank our staff for working through some technical difficulties this morning and thank thean senators and our witnesses who are joining us from around the country in various offices where we are all following the attending physicians protocol for safe us whoing and those of are here Wearing Masks on our way in and sitting 6 feet apart while we are here. Senator murray and i will have an Opening Statement then we will turn to our witnesses for of about fivets minutes each, if they could please summarize them, there it ais. Senators will each have five minutes rounds of questions and we have a vote at 11 40 so we will need to finish this hearing by about noon and all the senators will have had that time and chance to ask theires questions. The question for administrators of the 6000 colleges and universities is not whether to reopen in august but how to do it safely. M
And lane college. They talked about Financial Assistance provided by the cares act and the important of addressing the hardships of minority students and those of lower socioeconomic status are facing. [inaudible conversations] good morning. The hearing of the senate health, education, labor and Pensions Committee will come to order. We want to thank our staff for working through some technical difficulties this morning and thank the senators that are witnesses who are joining us from around the country in various offices. We are all following the attending physicians protocol for safe distancing and those of us who are here are Wearing Masks on our way in and sitting at least six feet apart while we are here. Senator murray and i will each have an Opening Statement, then we will turn to our witnesses for their statement of about five minutes each, if they could summarize. There it is. Senators will each have five minute round of questions. We have a vote at 11 40 so we will need to fi
Opposition on the council. The vice mayor worries about lawsuits and reprizeals from banks. It lowers value of the properties in the city of richmond lending instit yult yoougss will not lend where youve taken and used eminent domain. Councilman baits is concerned its supposed to prevent blight in neighborhoods the investing partner targeted nicer homes. Theyre cherry picking. That is what they do. They cherry pick, pick out those that they can make greatest degree of profit its worth noting the councilmans underwater in his mortgage but does not want help. The same cannot be said for patty, who signed up for eminent doen domain if it ever happens, anything, she said to keep alive her dream of homeownership. We were rather eat rice and beans and tortillas to have our home here. Four people, including a child were injured when two cars collided in west oakland. The crash happened on 8th and union streets. Firefighters had to use jaws of live to rescue one person in a vehicle. A potentia
Crisis is by no means over in one city. Yes. Homeowners still in dire straits, city leaders have a plan calling for drastic action, some are worried about the consequences. Wayne fraedman is live tonight to explain why. Wayne . Its a new twist for putting leverage on banks not by individuals this time, but by a city government. It would be a first. In richmond roughly half of the homes in the city are worth less than paid for them. By the time its the last week of march, of the month, were stretched. Patty and her husband paid 425,000 for this home, its now lost more than half of the value. Tonight she has hope. If the bank and wall street got bailed out how come we dont get bailed out . We call on bafrks to really dot right thing. After months, the city Council Voted to move head with possibly using Eminent Domain to buy underwater mortgages and with an Investment Group force banks to renegotiate. The councilman myrick voted in favor. We sent letters to the different investors for eac