One year since George Floyd was murdered by Minneapolis police, community members share how much their community has changed and how much it's stayed the same. “The killing of George Floyd changed the world,” Michelle Gross, the founder of Communities United Against Police Brutality, told Yahoo News.
Last month, former Minneapolis police officer Derek Chauvin was found guilty on three charges in the murder of George Floyd. As we await sentencing in the case, new developments have occurred in the case of the three officers charged with aiding and abetting Chauvin in Floyd’s death. The verdict in Chauvin’s trial has led to state prosecutors seeking to add another charge to the mens’ case.
President Biden issued an executive order Thursday that directs agencies government-wide to launch or expand efforts to analyze and lessen economic risks stemming from climate change.Why it matters: The order lays the groundwork for new oversight and mandates that would affect banking and other sectors. It signals growing concerns that the government lacks sophisticated understanding of how global warming creates new or growing jeopardy for financial and government institutions and consumers. Get market news worthy of your time with Axios Markets. Subscribe for free."Our modern financial system was built on the assumption that the climate was stable," said National Economic Council director Brian Deese. "And today it's clear that we no longer live in such a world."Driving the news: Major components of the order, per a White House summary, include...Ordering a strategy within 120 days to "identify and disclose climate-related financial risk to government programs, assets, and liabilities." It would identify "public and private financing" needed to reach net-zero U.S. emissions by 2050.It calls on the Treasury secretary, as head of the multi-agency Financial Stability Oversight Council, to specifically analyze risks to financial system stability. That effort would bring ideas within 180 days to reduce risks, including agency steps to improve risk disclosures and stitch climate-related financial risks into regulation and supervision.Tasking the Labor Department with exploring how to protect pensions and assess how the Federal Retirement Thrift Investment Board weighs climate risk.Efforts to weave climate risk consideration into federal lending and procurement. They include potential new requirements on federal suppliers to disclose emissions and financial risks, and ensure that agency procurement practices reduce them.Catch up fast: The order, to some degree, reinforces several efforts already underway. The Treasury Department has already created a climate change "hub" and appointed a leader who reports directly to Secretary Janet Yellen.Another example: The Securities and Exchange Commission is moving closer to beginning to write new disclosure rules for public companies.Quick take: The rollout underscores high-level focus on the topic, with a who's who of top officials including Deese, Yellen and national climate adviser Gina McCarthy all briefing reporters.McCarthy made clear that some form of mandatory risk disclosure is in the works. "This cannot be voluntary. This cannot be optional," McCarthy said. "The stakes are simply too high. The federal government has to lead by example in its own operations, and we need to require the same level of responsibility from those we do business with," she added.The big picture: Climate-related financial risk is a very broad term that encompasses several types of jeopardy.It ranges from economic losses from extreme weather and climate events to ways that emissions regulations and transition to lower carbon energy affect banks' portfolios and the viability of polluting industries.The White House summary notes that extreme weather "disrupt entire supply chains and deprive communities of food, water, or emergency supplies," and also cites risks to power grids and risks to homes and businesses from sea-level rise.What they're saying: The Stop The Money Pipeline coalition called the order a "important step for the climate finance movement" and called for completion of the various reports and plans in the order to be complete before the pivotal UN climate summit in November.The coalition is an umbrella group of activists pushing for financial institutions to end financing for fossil fuel projects.Go deeper: Prominent investors jump into the climate risk spaceMore from Axios: Sign up to get the latest market trends with Axios Markets. Subscribe for free
A year after George Floyd’s murder at the hands of a white police officer sparked global protests and a racial reckoning, a majority of Americans say racism and police violence are serious problems facing the nation. A poll from The Associated Press-NORC Center for Public Affairs Research shows Americans are more likely than they were before Floyd’s death to say that police violence is a serious problem and about half think police who cause harm on the job are treated too leniently by the justice system. The poll also found that about 6 in 10 Americans say racism in the United States is a very or extremely serious problem; it's similar to the percentage that said the same thing one year ago.
There can be only one Highlander, but apparently, Henry Cavill can be many superheroes. Adding to his growing list of marquee franchises, the star of “Man of Steel” and Netflix’s “The Witcher” is in negotiations to star in Lionsgate’s reboot of “Highlander,” the 1986 fantasy adventure film that spawned an entire pop-culture ecosystem, including sequels, […]
Three of the four top-ranked players in the world missed the cut at PGA Championship on Friday as Dustin Johnson, Justin Thomas and Xander Schauffele had their chances of major silverware blown away at windy Kiawah Island. They all missed the cut by one lousy shot at six-over-par 150 as the championship lost some of its heavy hitters, notwithstanding a star-studded leaderboard headed by Phil Mickelson and Louis Oosthuizen. After missing the cut as defending champion at the Masters last month, Johnson becomes the first world number one to exit early from two consecutive majors since Greg Norman in 1997.
The boy, identified by family as Aiden Leos, was in the backseat of his mother's car when another driver shot and killed him, authorities said.
On May 15, China's Zhurong rover landed on Mars. The rover just left its landing pad and completed its first test drive on the Martian surface.
Trump has critiqued Republicans, such as Representative Liz Cheney, for their disinterest in Arizona vote recount on conservative media
The three men and five women injured were transported to local hospitals, where one is in critical condition.
Alexandria Ocasio-Cortez said members of Congress effectively "served in war" during the January 6 riot.
Nasa is set to begin test flights of a revolutionary new "low-boom" supersonic plane that could clear the way for commercial flights taking passengers between New York and London in three hours. The space agency will start flying the X-59 next year amid a push to find a replacement for Concorde, which was retired nearly two decades ago. Supersonic travel has been banned over the continental United States since 1973 due to the disruption sonic booms cause to people on the ground. But Nasa, Congress, aviation regulators and private companies are now all working together to overcome the problem. The X-59 is designed to reduce the shockwave caused by breaking the sound barrier. It includes a very long and thin fuselage, pointed nose, and external elements placed on the top rather than bottom. Designers have compared it to paper airplanes made by children.
Prosecutors had claimed that prison officers were sleeping, browsing the Internet when Epstein hanged himself in a Manhattan jail cell
Criminal charges would create political problems for Trump, but would not necessarily prevent him from campaigning in 2022 and running in 2024.
Blog posts on the former president's "From the Desk of Donald J. Trump" blog aren't being widely shared, according to The Washington Post.
Breeze Airways will have some of the comforts that JetBlue is famous for but customers can expect to pay extra for bags and seat assignments.
Leaked documents suggest police were alerted to hotel price hike by media reports
Four in ten millennials are atheists or apathetic towards God, an Arizona Christian University report found
Legislation for a bipartisan commission to probe the deadly January 6 insurrection, is currently "designed" to hurt Republicans, Rubio said.
Gates' conduct toward female coworkers and ties to Jeffrey Epstein have faced scrutiny in the wake of his pending divorce from Melinda French Gates.
‘Our daughters of Bartram deserve an apology,’ one mother says
