Flush and Dominant, Australia’s Banks Come Under Pressure
Claims of misconduct have put big lenders under a spotlight and offer an example to global regulators scrutinizing “too big to fail” institutions.
On this day
Revisit the music, news, notable people, and historical moments connected to this date.
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Claims of misconduct have put big lenders under a spotlight and offer an example to global regulators scrutinizing “too big to fail” institutions.
Dominant starters are no longer the norm, as playoff teams are relying more on an aggressive use of their bullpens to carry them to success.
Corey Kluber’s pitching and a sixth-inning two-run homer by Francisco Lindor allowed Cleveland to claim Game 1 in the American League Championship Series.
A binding accord on a heat-trapping chemical used in air-conditioners and refrigerators could have a greater impact on global warming than the Paris pact of 2015.
The dismissal of Bruce Eugene, the coach of the Grand Street Campus Wolves in Brooklyn, has locked players, parents and administrators in a bitter dispute.
Music on My Birthday
The Top 50 albums for the chart week of October 12, 2016, covering October 15, 2016.
Shawn Mendes
Drake
Soundtrack
Luke Bryan
Bruce Springsteen & The E Street Band
2016One hundred and ninety-seven nations amend the Montreal Protocol to include a phase-out of hydrofluorocarbons.[†]
The Montreal Protocol on Substances That Deplete the Ozone Layer is an international treaty designed to protect the ozone layer by phasing out the production of numerous substances that are responsible for ozone depletion. It was agreed on 16 September 1987, and entered into force on 1 January 1989. Since then, it has undergone several amendments and adjustments, with revisions agreed to in 1990 (London), 1992 (Copenhagen), 1995 (Vienna), 1997 (Montreal), 1999 (Beijing), 2007 (Montreal), 2016 (Kigali) and 2018 (Quito). As a result of the international agreement, the ozone hole over Antarctica is slowly recovering. Climate projections indicate that the ozone layer will return to 1980 levels between 2040 and 2066. Due to its widespread adoption and implementation, it has been hailed as an example of successful international co-operation. Former United Nations (UN) Secretary-General Kofi Annan stated that "perhaps the single most successful international agreement to date has been the Montreal Protocol". In comparison, effective burden-sharing and solution proposals mitigating regional conflicts of interest have been among the success factors for the ozone depletion challenge, where global regulation based on the Kyoto Protocol has failed to do so. In this case of the ozone depletion challenge, there was global regulation already being installed before a scientific consensus was established. Also, overall public opinion was convinced of possible imminent risks.
In 2016, the world population was approximately 7,558,554,526 people[†]