California Closes Campaign Finance Loophole Amid Corruption Concerns

California Governor Gavin Newsom signs AB 2803 into law, closing a campaign finance loophole exploited by convicted politicians. Meanwhile, a U.S. Treasury official criticizes the IMF for being 'too polite' with China, and hospitals increasingly turn to litigation financing as insurance payouts slow. Additionally, we explore innovative financial solutions like parametric insurance aimed at building climate resilience in vulnerable Pacific communities.

Sources:
https://www.latimes.com/socal/daily-pilot/entertainment/story/2024-10-01/new-law-closes-campaign-finance-loophole-exploited-by-convicted-ex-anaheim-mayor
https://finance.yahoo.com/news/imf-too-polite-china-policies-223239786.html
https://www.pymnts.com/healthcare/2024/report-hospitals-turn-to-litigation-financing-as-insurance-payouts-slow/
https://www.undp.org/pacific/blog/building-climate-resilience-inclusive-green-finance-and-parametric-insurance-pacifics-vulnerable-communities

Outline:
(00:00:00) Introduction
(00:00:43) New law closes campaign finance loophole exploited by convicted ex-Anaheim mayor
(00:02:47) IMF 'too polite' on China policies, financing assurances, US Treasury official says
(00:05:42) Report: Hospitals Turn to Litigation Financing as Insurance Payouts Slow
(00:09:15) Building Climate Resilience: Inclusive Green Finance and Parametric Insurance for the Pacific’s Vulnerable Communities