Economics

After nearly seven months of bickering and finger-pointing, Congress on Wednesday agreed to allocate $1.1 billion to help fight the spread and effects of the Zika virus.

The deal is part of a broader agreement to continue to fund the government after the fiscal year ends on Friday and the current budget expires.

It brings to an end a partisan fight that has had the unusual effect of delaying funding to deal with what all sides agree is a public health emergency.

Congress Stops Bickering And Approves $1.1 Billion To Fight Zika
http://www.npr.org/sections/health-shots/2016/09/28/495806979/congress-ends-spat-over-zika-funding-approves-1-1-billion?utm_term=nprnews

Congress passes funding bill averting government shutdown
http://www.reuters.com/article/us-usa-congress-idUSKCN11Y1MJ

Congress clears stopgap spending bill, $1.1B to fight Zika
http://unb.com.bd/article/congress-clears-stopgap-spending-bill-dollar11b-to-fight-zika

Image: Ukip's Suzanne Evans eased 'apocalypse' fears over Brexit as France told UK to hurry up and leave.

express.co.uk - June 26th 2016 - Rob Virtue and Greg Heffer

Ukip's parliamentary spokesperson Suzanne Evans has listed an abundance of reasons why Britain’s post-Brexit future is looking bright after a predicted uncertain first day of independence.

In a Facebook post lauded by Leave voters, Ms Evans noted how both the pound and FTSE 100 both recovered from Friday's early falls, while pro-EU campaigners had now backtracked on pre-referendum 'Project Fear' scare stories. 

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The economic impact of climate change could play havoc with the world economy, according to an LSE study. Photograph: Carlo Allegri/Reuters

CLICK HERE - STUDY - ‘Climate value at risk’ of global financial assets

Losses could soar to $24tn and wreck the global economy in worst case scenario, first economic modelling estimate suggests

theguardian.com - by Damian Carrington - April 4, 2016

Climate change could cut the value of the world’s financial assets by $2.5tn (£1.7tn), according to the first estimate from economic modelling.

In the worst case scenarios, often used by regulators to check the financial health of companies and economies, the losses could soar to $24tn, or 17% of the world’s assets, and wreck the global economy.

The research also showed the financial sense in taking action to keep climate change under the 2C danger limit agreed by the world’s nations. In this scenario, the value of financial assets would fall by $315bn less, even when the costs of cutting emissions are included.

World Bank President Jim Yong Kim speaks during a panel discussion at the Anti-Corruption Summit in London, Thursday, May 12, 2016.  REUTERS/FRANK AUGSTEIN/POOL

reuters.com - by David Lawder - May 20, 2016

The World Bank on Saturday said it was launching a $500 million, fast-disbursing insurance fund to combat deadly pandemics in poor countries, creating the world's first insurance market for pandemic risk. . . . 

. . . In the event of a pandemic outbreak, the facility will release funds quickly to affected poor countries and qualified international first-responder agencies. . . . 

. . . The so-called Pandemic Emergency Financing Facility will initially provide up to $500 million that can be disbursed quickly to fight a pandemic, with funds released once parametric triggers are met, based on the size, severity and spread of an outbreak.

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