How far the Federal Reserve can go to compel banks to consider the consequences of climate change in their lending policies could take center stage at a Senate hearing Thursday on the nominations of Sarah Bloom Raskin and two economists to the Fed’s influential Board of Governors. It reminded me of an African proverb that applies to the proud legacy of Afro-American tennis: “When roots are deep, there is no need to fear the wind.”
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Tsitsipas, he raised his arms furiously to rally the crowd, his awesome wingspan on full display. Gibson, the latter of whom won back-to-back Wimbledon titles on the women’s side in 19.As Mr. Ashe’s run was the stuff of individual brilliance and communal ingenuity – the son of a park caretaker would later be mentored by Robert Walter “Whirlwind” Johnson, a Black physician who subsequently founded the American Tennis Association Junior Development Program for Black youths. He won Wimbledon in 1975, five days before his 32nd birthday in a huge upset of Jimmy Connors. Ashe, whose mild-mannered looks belied the heart of a champion and activist. Washington inspired the type of camaraderie among Black fans that comes with cultural pride and the understanding of the exclusivity of tennis.Before Mr. Eubanks? A high-powered matchup with third-ranked Daniil Medvedev, himself a giant listed at 6 feet, 6 inches. I was on the verge of teendom when MaliVai Washington advanced to the Wimbledon finals in 1996, less than a year before Tiger Woods tamed Augusta National. Eubanks described the moment, in which he became only the third Black American man to advance to the quarters in the Open era. And yet, there was Chris Eubanks, perched atop tennis greats such as Arthur Ashe and Althea Gibson after he advanced to the Wimbledon quarterfinals on Monday with a thrilling five-set win over fifth-ranked Stefanos Tsitsipas.“Surreal” was how Mr.
"We are working to line up the bipartisan support that she deserves, so that she can be confirmed by the Senate for this important position," Meagher said.It’s hard to imagine that someone who’s 6 feet, 7 inches tall would be standing on anyone’s shoulders.
In a statement after Manchin's announcement, White House deputy press secretary Chris Meagher praised Raskin's qualifications – including being twice confirmed by the Senate for Federal Reserve posts – and vowed the administration is pressing forward wit her confirmation. The boycott prevented Democrats from getting a necessary quorum to advance Raskin and the nominations of four other Fed nominees, including Chairman Jay Powell, to the full Senate. Raskin's nomination has been stuck in the Senate Banking Committee after Republicans did not show up for a February committee vote. She argued the Fed is "ignoring clear warning signs about the economic repercussions of the impending climate crisis" by taking action that will increase greenhouse gas emissions. In a 2020 New York Times op-ed, she wrote that climate change threatens financial stability and that the Fed should not "prop up and enrich" the "dying" fossil fuel industry. Raskin, nominated by Biden in January, has faced criticism from Republicans for past statements as a Federal Reserve Board governor critical of the Fed's support of fossil fuel companies. Rate increase possible: Fed looks at interest rate hikes amid inflation as Russia tensions send stocks lower Pat Toomey, R-Pa., the top Republican in the Senate Banking Committee, said Monday he's "not aware of any Republican support for Sarah Bloom Raskin" in an interview on Bloomberg TV. With Manchin now a no-vote, the White House would have to find at least one Republican for Raskin's confirmation. Manchin's opposition adds to the resistance of Senate Republicans, who are unified against Raskin's confirmation as vice chair for supervision on the Federal Reserve Board. "I have come to the conclusion that I am unable to support her nomination to serve as a member of the Federal Reserve Board," said Manchin, who hails from the country's second-biggest coal producing state. Manchin, D-W.Va., pointed to Raskin's position on energy amid soaring inflation, saying her past statements have "failed to satisfactorily address my concerns about the critical importance of financing an all-of-the-above energy policy to meet our nation’s critical energy needs.
Joe Manchin said Monday he opposes President Joe Biden's nomination of Sarah Bloom Raskin to a top regulatory post at the Federal Reserve, delivering a major blow to her confirmation in the evenly divided Senate. Watch Video: Biden signs executive order on cryptocurrency
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