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March 2022

Ukraine thanks Australia for help and sanctions on Russia

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Ukrainian Foreign Minister Dmytro Kuleba in a phone call with his Australian counterpart Marise Payne thanked Australia for imposing sanctions on Russia and providing assistance and support to Ukraine.

Kuleba said this in a statement posted on Twitter, Ukrinform reports.

"Australia stands foursquare behind Ukraine as we fight back Russian aggression. Grateful for imposing sanctions on Russia and providing practical support to Ukraine. We also discussed ways to further strengthen our bilateral cooperation," the tweet reads.

On March 18, Australia placed sanctions on 11 Russian banks and government agencies that handle Russia's sovereign debt, as well as on two oligarchs. In addition, Canberra imposed sanctions on 22 Russian propagandists, Alexander Lukashenko and members of his family.

On February 24, Russian President Vladimir Putin announced a full-scale invasion of Ukraine. Russian troops have been shelling and destroying infrastructure, residential areas of Ukrainian cities and villages using artillery, multiple rocket launchers and ballistic missiles.

Martial law was imposed in Ukraine and general mobilization was announced.

The EU, U.S. and other countries imposed severe sanctions against the aggressor country.

LA, California's frightening crime stats - robberies with a firearm up 60% over 3 years

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Over the course of this year, the Department has experienced an increase in robberies taking place in various communities in the City of Los Angeles. Most concerning is that there has been an increase in the levels of violence used during these robberies and the frequency in which a firearm was used. During the Board of Police Commission meeting on March 22, 2022, Chief Moore discussed citywide robbery statistics, crime prevention techniques, situational awareness, and mitigation.

Regarding citywide robberies, the City of Los Angeles has been subject to the following statistics:

• Citywide Robberies are up 18 percent Year to Date compared to 2021, and up 5 percent compared to 2020;
• Year to Date, Citywide robberies with a firearm are up 44 percent (+221) compared to 2021, 57 percent (+261) compared to 2020, and up 60 percent (+270) compared to 2019.
• Year to Date, Citywide robberies with a firearm have accounted for 36 percent of all robberies and accounts for 74 percent of the City’s Year to Date total robbery increase.
• South Bureau (227) and 77th Street Area (102) had the most robberies with a firearm.

In light of this increase of armed robberies involving a firearm, the Los Angeles Police Department remind Angelinos of the following:

• Over the last year there has been a marked increase of armed robberies involving victims wearing expensive jewelry while in public. If it is visible, it can be a target.
• Traveling in groups and remaining in well-lit areas can help deter opportunists from attempting a street robbery.
• Always be aware of your surroundings and pay attention to those around you.
• After shopping, make it a habit to take a different route home and pay attention to vehicles and pedestrians behind you. If you think you are being followed, change your route and call the police.
• In the event a person is approached during a robbery, especially when armed with a firearm, the department encourages victims not to resist. No property is worth the risk of loss of life.

The Los Angeles Police Department is closely tracking the increase in armed robberies, including various suspect and vehicles descriptions of those responsible as well as assigned additional detective and plainclothes personnel to a task force investigating follow home/follow off robberies. Information regarding armed robberies is being shared with our surrounding police departments and the Los Angeles Sheriff Department. Numerous arrests have been made and Federal and State prosecutions are being pursued.

Biden Administration's unbelievable new climate change bulltish financial reporting for business

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The Securities and Exchange Commission today proposed rule changes that would require registrants to include certain climate-related disclosures in their registration statements and periodic reports, including information about climate-related risks that are reasonably likely to have a material impact on their business, results of operations, or financial condition, and certain climate-related financial statement metrics in a note to their audited financial statements. The required information about climate-related risks also would include disclosure of a registrant’s greenhouse gas emissions, which have become a commonly used metric to assess a registrant’s exposure to such risks.

"I am pleased to support today’s proposal because, if adopted, it would provide investors with consistent, comparable, and decision-useful information for making their investment decisions, and it would provide consistent and clear reporting obligations for issuers," said SEC Chair Gary Gensler. "Our core bargain from the 1930s is that investors get to decide which risks to take, as long as public companies provide full and fair disclosure and are truthful in those disclosures. Today, investors representing literally tens of trillions of dollars support climate-related disclosures because they recognize that climate risks can pose significant financial risks to companies, and investors need reliable information about climate risks to make informed investment decisions. Today’s proposal would help issuers more efficiently and effectively disclose these risks and meet investor demand, as many issuers already seek to do. Companies and investors alike would benefit from the clear rules of the road proposed in this release. I believe the SEC has a role to play when there’s this level of demand for consistent and comparable information that may affect financial performance. Today’s proposal thus is driven by the needs of investors and issuers."

The proposed rule changes would require a registrant to disclose information about (1) the registrant’s governance of climate-related risks and relevant risk management processes; (2) how any climate-related risks identified by the registrant have had or are likely to have a material impact on its business and consolidated financial statements, which may manifest over the short-, medium-, or long-term; (3) how any identified climate-related risks have affected or are likely to affect the registrant’s strategy, business model, and outlook; and (4) the impact of climate-related events (severe weather events and other natural conditions) and transition activities on the line items of a registrant’s consolidated financial statements, as well as on the financial estimates and assumptions used in the financial statements.

For registrants that already conduct scenario analysis, have developed transition plans, or publicly set climate-related targets or goals, the proposed amendments would require certain disclosures to enable investors to understand those aspects of the registrants’ climate risk management.

The proposed rules also would require a registrant to disclose information about its direct greenhouse gas (GHG) emissions (Scope 1) and indirect emissions from purchased electricity or other forms of energy (Scope 2). In addition, a registrant would be required to disclose GHG emissions from upstream and downstream activities in its value chain (Scope 3), if material or if the registrant has set a GHG emissions target or goal that includes Scope 3 emissions. These proposals for GHG emissions disclosures would provide investors with decision-useful information to assess a registrant’s exposure to, and management of, climate-related risks, and in particular transition risks. The proposed rules would provide a safe harbor for liability from Scope 3 emissions disclosure and an exemption from the Scope 3 emissions disclosure requirement for smaller reporting companies. The proposed disclosures are similar to those that many companies already provide based on broadly accepted disclosure frameworks, such as the Task Force on Climate-Related Financial Disclosures and the Greenhouse Gas Protocol.

Under the proposed rule changes, accelerated filers and large accelerated filers would be required to include an attestation report from an independent attestation service provider covering Scopes 1 and 2 emissions disclosures, with a phase-in over time, to promote the reliability of GHG emissions disclosures for investors.

The proposed rules would include a phase-in period for all registrants, with the compliance date dependent on the registrant’s filer status, and an additional phase-in period for Scope 3 emissions disclosure.

The proposing release will be published on and in the Federal Register. The comment period will remain open for 30 days after publication in the Federal Register, or 60 days after the date of issuance and publication on, whichever period is longer.

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