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    <title>Moody&apos;s Talks - Muniland</title>
    <description>Hosted by Nick Samuels of the US Public Finance team, Muniland delves into the latest developments impacting the credit environment for states, local governments, healthcare, higher education and more. In each episode, Moody’s analysts join Nick in exploring the ramifications of the pandemic, climate change, cyber risk, federal policy, pension burdens and other deep-seated challenges.</description>
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    <pubDate>Thu, 12 Dec 2024 07:00:00 +0000</pubDate>
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      <description><![CDATA[<p>Robust revenue gains and easing expense growth will buoy not-for-profit hospitals over the next 12 months, while state and local taxes will play a growing role in funding many of the nation’s transit systems.  </p><p><strong>Guests</strong>: Nansis Hayek, Analyst - Moody’s Ratings; Rita Strauss, AVP-Analyst - Moody’s Ratings; Matt Butler, Vice President - Moody’s Ratings</p><p><strong>Host</strong>: Nick Samuels, Senior Vice President - Moody’s Ratings</p><p>Related content on <a href="http://www.moodys.com">Moodys.com</a> (may only be available to registered users and subscribers):</p><ul><li><a href="https://www.moodys.com/research/Not-for-Profit-and-Public-Healthcare-US-2025-Outlook-Stable-as-Outlook--PBC_1424160">Not-for-Profit and Public Healthcare – US: 2025 Outlook - Stable as profitability rises modestly on revenue growth, cost controls</a></li><li><a href="https://www.moodys.com/research/Mass-Transit-US-2025-Outlook-Stable-as-taxes-and-Outlook--PBC_1424433">Mass Transit – US: 2025 Outlook - Stable as taxes and state funding continue to support operations</a></li></ul>
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      <pubDate>Thu, 12 Dec 2024 07:00:00 +0000</pubDate>
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      <content:encoded><![CDATA[<p>Robust revenue gains and easing expense growth will buoy not-for-profit hospitals over the next 12 months, while state and local taxes will play a growing role in funding many of the nation’s transit systems.  </p><p><strong>Guests</strong>: Nansis Hayek, Analyst - Moody’s Ratings; Rita Strauss, AVP-Analyst - Moody’s Ratings; Matt Butler, Vice President - Moody’s Ratings</p><p><strong>Host</strong>: Nick Samuels, Senior Vice President - Moody’s Ratings</p><p>Related content on <a href="http://www.moodys.com">Moodys.com</a> (may only be available to registered users and subscribers):</p><ul><li><a href="https://www.moodys.com/research/Not-for-Profit-and-Public-Healthcare-US-2025-Outlook-Stable-as-Outlook--PBC_1424160">Not-for-Profit and Public Healthcare – US: 2025 Outlook - Stable as profitability rises modestly on revenue growth, cost controls</a></li><li><a href="https://www.moodys.com/research/Mass-Transit-US-2025-Outlook-Stable-as-taxes-and-Outlook--PBC_1424433">Mass Transit – US: 2025 Outlook - Stable as taxes and state funding continue to support operations</a></li></ul>
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      <description><![CDATA[<p>The availability and affordability of home insurance is declining as damage from hurricanes and wildfires becomes more frequent. That could have negative implications for property values and tax revenues, particularly in the most disaster-prone states. </p><p><strong>Guests</strong>: Michael Wertz, VP - Senior Analyst, Moody’s Ratings; Denise Rappmund, VP - Senior Analyst, Moody’s Ratings</p><p><strong>Host</strong>: Nick Samuels, Senior Vice President, Moody’s Ratings</p><p>Related content on <a href="http://www.moodys.com">Moodys.com</a> (may only be available to registered users and subscribers):</p><ul><li><a href="https://www.moodys.com/research/State-and-Local-Governments-US-Rising-insurance-costs-indicate-growing-Sector-In-Depth--PBC_1393994#290612199861c31d1036b185b4e69b75">State and Local Governments – US: Rising insurance costs indicate growing climate risk to state and local governments</a></li></ul>
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      <pubDate>Thu, 10 Oct 2024 06:00:00 +0000</pubDate>
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      <content:encoded><![CDATA[<p>The availability and affordability of home insurance is declining as damage from hurricanes and wildfires becomes more frequent. That could have negative implications for property values and tax revenues, particularly in the most disaster-prone states. </p><p><strong>Guests</strong>: Michael Wertz, VP - Senior Analyst, Moody’s Ratings; Denise Rappmund, VP - Senior Analyst, Moody’s Ratings</p><p><strong>Host</strong>: Nick Samuels, Senior Vice President, Moody’s Ratings</p><p>Related content on <a href="http://www.moodys.com">Moodys.com</a> (may only be available to registered users and subscribers):</p><ul><li><a href="https://www.moodys.com/research/State-and-Local-Governments-US-Rising-insurance-costs-indicate-growing-Sector-In-Depth--PBC_1393994#290612199861c31d1036b185b4e69b75">State and Local Governments – US: Rising insurance costs indicate growing climate risk to state and local governments</a></li></ul>
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      <description><![CDATA[<p>The operating environment for K-12 districts is getting tighter as $190 billion in pandemic support ends, employee costs climb, and declining birthrates reduce the school-age population. </p><p><strong>Guest</strong>: David Levett, VP-Sr. Analyst - Moody’s Ratings</p><p><strong>Host</strong>: Nick Samuels, Senior Vice President, Moody’s Ratings</p><p>Related content on <a href="http://www.moodys.com">Moodys.com</a> (may only be available to registered users and subscribers):</p><ul><li><a href="https://www.moodys.com/research/Public-K-12-School-Districts-US-Tightening-operating-environment-will-challenge-Sector-In-Depth--PBC_1414661">Public K-12 School Districts – US: Tightening operating environment will challenge a growing minority of districts</a></li></ul>
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      <pubDate>Thu, 12 Sep 2024 06:00:00 +0000</pubDate>
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      <content:encoded><![CDATA[<p>The operating environment for K-12 districts is getting tighter as $190 billion in pandemic support ends, employee costs climb, and declining birthrates reduce the school-age population. </p><p><strong>Guest</strong>: David Levett, VP-Sr. Analyst - Moody’s Ratings</p><p><strong>Host</strong>: Nick Samuels, Senior Vice President, Moody’s Ratings</p><p>Related content on <a href="http://www.moodys.com">Moodys.com</a> (may only be available to registered users and subscribers):</p><ul><li><a href="https://www.moodys.com/research/Public-K-12-School-Districts-US-Tightening-operating-environment-will-challenge-Sector-In-Depth--PBC_1414661">Public K-12 School Districts – US: Tightening operating environment will challenge a growing minority of districts</a></li></ul>
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      <description><![CDATA[<p>Stadium projects are often less financially beneficial than projected for the governments subsidizing them, though a shift toward multipurpose facilities brings the potential for enhanced returns. </p><p><strong>Guest</strong>: Greg Sobel, AVP-Analyst - Moody’s Ratings</p><p><strong>Host</strong>: Nick Samuels, Senior Vice President, Moody’s Ratings</p><p>Related content on <a href="http://www.moodys.com">Moodys.com</a> (may only be available to registered users and subscribers):</p><ul><li><a href="https://www.moodys.com/research/States-and-Local-Governments-US-Ballooning-stadium-subsidies-amplify-risk-Sector-In-Depth--PBC_1399773">States and Local Governments – US: Ballooning stadium subsidies amplify risk amid potential economic development</a></li></ul>
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      <pubDate>Thu, 8 Aug 2024 06:00:00 +0000</pubDate>
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      <content:encoded><![CDATA[<p>Stadium projects are often less financially beneficial than projected for the governments subsidizing them, though a shift toward multipurpose facilities brings the potential for enhanced returns. </p><p><strong>Guest</strong>: Greg Sobel, AVP-Analyst - Moody’s Ratings</p><p><strong>Host</strong>: Nick Samuels, Senior Vice President, Moody’s Ratings</p><p>Related content on <a href="http://www.moodys.com">Moodys.com</a> (may only be available to registered users and subscribers):</p><ul><li><a href="https://www.moodys.com/research/States-and-Local-Governments-US-Ballooning-stadium-subsidies-amplify-risk-Sector-In-Depth--PBC_1399773">States and Local Governments – US: Ballooning stadium subsidies amplify risk amid potential economic development</a></li></ul>
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      <title>NCAA settlement and declining enrollment shift the higher education landscape</title>
      <description><![CDATA[<p>Higher expenses after a $2.78 billion agreement on student athlete payments pose a credit risk for smaller colleges, which already face rising competition from larger, cheaper institutions.</p><p><strong>Guests</strong>: Patrick Ronk, AVP-Analyst - Moody’s Ratings; Nicole Serrano, VP-Sr Credit Officer ­- Moody’s Ratings</p><p><strong>Host</strong>: Nick Samuels, Senior Vice President, Moody’s Ratings</p><p>Related content on <a href="http://www.moodys.com">Moodys.com</a> (may only be available to registered users and subscribers):</p><ul><li><a href="https://www.moodys.com/research/Higher-Education-US-Settlement-in-NCAA-antitrust-cases-leads-to-Sector-Comment--PBC_1409988">Higher Education – US: Settlement in NCAA antitrust cases leads to colleges paying athletes, a credit negative</a></li><li><a href="https://www.moodys.com/research/Private-Colleges-and-Universities-US-Small-institutions-in-Northeast-and-Sector-In-Depth--PBC_1402596#290612199861c31d1036b185b4e69b75">Private Colleges and Universities – US: Small institutions in Northeast and Midwest face credit stress as enrollment declines </a></li></ul>
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      <pubDate>Thu, 11 Jul 2024 06:00:00 +0000</pubDate>
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      <content:encoded><![CDATA[<p>Higher expenses after a $2.78 billion agreement on student athlete payments pose a credit risk for smaller colleges, which already face rising competition from larger, cheaper institutions.</p><p><strong>Guests</strong>: Patrick Ronk, AVP-Analyst - Moody’s Ratings; Nicole Serrano, VP-Sr Credit Officer ­- Moody’s Ratings</p><p><strong>Host</strong>: Nick Samuels, Senior Vice President, Moody’s Ratings</p><p>Related content on <a href="http://www.moodys.com">Moodys.com</a> (may only be available to registered users and subscribers):</p><ul><li><a href="https://www.moodys.com/research/Higher-Education-US-Settlement-in-NCAA-antitrust-cases-leads-to-Sector-Comment--PBC_1409988">Higher Education – US: Settlement in NCAA antitrust cases leads to colleges paying athletes, a credit negative</a></li><li><a href="https://www.moodys.com/research/Private-Colleges-and-Universities-US-Small-institutions-in-Northeast-and-Sector-In-Depth--PBC_1402596#290612199861c31d1036b185b4e69b75">Private Colleges and Universities – US: Small institutions in Northeast and Midwest face credit stress as enrollment declines </a></li></ul>
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      <description><![CDATA[<p>Spending cuts of $25 billion will ease the deficit, though out-migration of high earners remains a drag on revenue.  K-12 education will avoid significant cuts, but is vulnerable if the economy slows.</p><p><strong>Guests</strong>: Matt Butler, VP-Sr Credit Officer - Moody’s Ratings; Helen Cregger, VP-Sr Credit Officer ­- Moody’s Ratings</p><p><strong>Host</strong>: Nick Samuels, Senior Vice President, Moody’s Ratings</p><p>Related content on <a href="http://www.moodys.com">Moodys.com</a> (may only be available to registered users and subscribers):</p><ul><li><a href="https://www.moodys.com/research/California-State-of-Californias-deficit-grows-increasing-importance-of-strong-budget-Issuer-Comment--PBM_1408276">California’s deficit grows, increasing importance of strong budget solutions</a></li><li><a href="https://www.moodys.com/research/Public-K-12-School-District-California-Districts-are-prepared-for-state-Sector-Comment--PBC_1402475">California school districts are prepared for state budget cuts due to liquidity and strong reserves</a></li></ul>
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      <pubDate>Thu, 13 Jun 2024 06:00:00 +0000</pubDate>
      <author>podcasts@moodys.com (Matt Butler, Helen Cregger, Nick Samuels)</author>
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      <description><![CDATA[<p>We have revised our outlook for the US not-for-profit healthcare sector to stable from negative as a recovery takes hold, largely driven by a slowdown in the growth rate of labor costs.</p><p><strong>Guest</strong>: Matt Cahill, Assistant Vice President – Analyst, Moody’s Investors Service</p><p><strong>Host</strong>: Nick Samuels, Senior Vice President, Moody’s Investors Service</p><p><strong>Related content on </strong><a href="https://www.moodys.com"><strong>Moodys.com</strong></a><strong> (may only be available to subscribers)</strong>:</p><ul><li><a href="https://www.moodys.com/research/Not-for-Profit-and-Public-Healthcare-US-2024-Outlook-Revised-to-Outlook--PBC_1382367">Not-for-Profit and Public Healthcare – US: 2024 Outlook – Revised to stable as financial recovery gains momentum</a></li></ul>
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      <pubDate>Thu, 9 Nov 2023 07:00:00 +0000</pubDate>
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      <content:encoded><![CDATA[<p>We have revised our outlook for the US not-for-profit healthcare sector to stable from negative as a recovery takes hold, largely driven by a slowdown in the growth rate of labor costs.</p><p><strong>Guest</strong>: Matt Cahill, Assistant Vice President – Analyst, Moody’s Investors Service</p><p><strong>Host</strong>: Nick Samuels, Senior Vice President, Moody’s Investors Service</p><p><strong>Related content on </strong><a href="https://www.moodys.com"><strong>Moodys.com</strong></a><strong> (may only be available to subscribers)</strong>:</p><ul><li><a href="https://www.moodys.com/research/Not-for-Profit-and-Public-Healthcare-US-2024-Outlook-Revised-to-Outlook--PBC_1382367">Not-for-Profit and Public Healthcare – US: 2024 Outlook – Revised to stable as financial recovery gains momentum</a></li></ul>
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      <pubDate>Thu, 12 Oct 2023 08:42:27 +0000</pubDate>
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      <description><![CDATA[<p>With a slower economy in the central business district, the city projects deficits and we’ve changed our outlook to negative. We’ve done the same for Bay Area Rapid Transit with its ridership drop.</p><p><strong>Guests</strong>: Joe Manoleas, Assistant Vice President - Analyst, Moody’s Investors Service and Maddie Atkins, Analyst, Moody’s Investors Service</p><p><strong>Host</strong>: Nick Samuels, Senior Vice President, Moody’s Investors Service</p><p><strong>Related content on </strong><a href="https://www.moodys.com/"><strong>Moodys.com</strong></a><strong> (may only be available to subscribers)</strong>:</p><ul><li><a href="https://www.moodys.com/research/City-County-of-San-Francisco-CA-Update-to-credit-analysis-Credit-Opinion--PBM_1372653">City & County of San Francisco, CA: Update to credit analysis following revision of outlook to negative</a></li><li><a href="https://www.moodys.com/research/San-Francisco-Bay-Area-Rapid-Transit-Dist-CA-Update-to-credit-Credit-Opinion--PBM_1371032">San Francisco Bay Area Rapid Transit District, CA: Update to credit analysis following revision of outlook to negative</a></li></ul>
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      <pubDate>Thu, 14 Sep 2023 08:48:01 +0000</pubDate>
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      <content:encoded><![CDATA[<p>With a slower economy in the central business district, the city projects deficits and we’ve changed our outlook to negative. We’ve done the same for Bay Area Rapid Transit with its ridership drop.</p><p><strong>Guests</strong>: Joe Manoleas, Assistant Vice President - Analyst, Moody’s Investors Service and Maddie Atkins, Analyst, Moody’s Investors Service</p><p><strong>Host</strong>: Nick Samuels, Senior Vice President, Moody’s Investors Service</p><p><strong>Related content on </strong><a href="https://www.moodys.com/"><strong>Moodys.com</strong></a><strong> (may only be available to subscribers)</strong>:</p><ul><li><a href="https://www.moodys.com/research/City-County-of-San-Francisco-CA-Update-to-credit-analysis-Credit-Opinion--PBM_1372653">City & County of San Francisco, CA: Update to credit analysis following revision of outlook to negative</a></li><li><a href="https://www.moodys.com/research/San-Francisco-Bay-Area-Rapid-Transit-Dist-CA-Update-to-credit-Credit-Opinion--PBM_1371032">San Francisco Bay Area Rapid Transit District, CA: Update to credit analysis following revision of outlook to negative</a></li></ul>
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      <description><![CDATA[<p>States with legal recreational marijuana are generating tax dollars for various needs, but no more than Nevada’s 2.5% of state revenue. Policy changes, however, have the potential to boost the amount.</p><p><strong>Guest</strong>: Greg Sobel, Assistant Vice President – Analyst, Moody’s Investors Service</p><p><strong>Host</strong>: Nick Samuels, Senior Vice President, Moody’s Investors Service</p><p><strong>Related content on </strong><a href="https://www.moodys.com"><strong>Moodys.com</strong></a><strong> (may only be available to registered users and subscribers)</strong>:</p><ul><li><a href="https://www.moodys.com/research/State-and-Local-Government-US-Revenue-from-marijuana-sales-will-Sector-In-Depth--PBC_1368050">State and Local Government – US: Revenue from marijuana sales will remain modest, barring major policy changes</a></li></ul>
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      <pubDate>Thu, 10 Aug 2023 06:00:00 +0000</pubDate>
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      <description><![CDATA[<p>With bankruptcy to shed debt and stay open largely unviable, colleges grappling with falling enrollment and rising costs are increasingly closing. In a shutdown, bondholder outcomes are a wild card with the amount of reserves on hand and value of real estate assets playing a role. </p><p><strong>Guest</strong>: Susan Shaffer, Vice President – Senior Credit Officer, Moody’s Investors Service</p><p><strong>Host</strong>: Nick Samuels, Senior Vice President, Moody’s Investors Service</p><p><strong>Related content on</strong> <a href="https://www.moodys.com/">Moodys.com</a> (may only be available to registered users and subscribers):</p><ul><li><a href="https://www.moodys.com/research/Higher-Education-US-Closures-while-still-rare-will-gradually-increase-Sector-In-Depth--PBM_1172586?cid=YJZ7YNGSROZ5414">Higher Education – US: Closures, while still rare, will gradually increase even as other options are explored</a></li></ul>
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      <pubDate>Thu, 13 Jul 2023 06:00:00 +0000</pubDate>
      <author>podcasts@moodys.com (Susan Shaffer, Nick Samuels)</author>
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      <content:encoded><![CDATA[<p>With bankruptcy to shed debt and stay open largely unviable, colleges grappling with falling enrollment and rising costs are increasingly closing. In a shutdown, bondholder outcomes are a wild card with the amount of reserves on hand and value of real estate assets playing a role. </p><p><strong>Guest</strong>: Susan Shaffer, Vice President – Senior Credit Officer, Moody’s Investors Service</p><p><strong>Host</strong>: Nick Samuels, Senior Vice President, Moody’s Investors Service</p><p><strong>Related content on</strong> <a href="https://www.moodys.com/">Moodys.com</a> (may only be available to registered users and subscribers):</p><ul><li><a href="https://www.moodys.com/research/Higher-Education-US-Closures-while-still-rare-will-gradually-increase-Sector-In-Depth--PBM_1172586?cid=YJZ7YNGSROZ5414">Higher Education – US: Closures, while still rare, will gradually increase even as other options are explored</a></li></ul>
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      <description><![CDATA[<p>ChatGPT’s rollout has sharpened universities’ focus on AI pitfalls such as cheating and benefits like improved educational outcomes. Plus, US ports’ cargo volumes are way down, but business models and finances provide stability.</p><p>Guests: Patrick Ronk, Analyst – Moody’s Investors Service and Moses Kopmar, Vice President – Senior Analyst, Moody’s Investors Service</p><p>Host: Nick Samuels, Senior Vice President, Moody’s Investors Service </p><p>Related content on <a href="www.moodys.com">Moodys.com</a> (may only be available to registered users and subscribers):</p><ul><li><a href="https://www.moodys.com/research/Higher-Education-Global-Artificial-intelligence-poses-academic-integrity-risks-but-Sector-Comment--PBC_1367660?cid=GAR9PTU7VKT2671&cid=YJZ7YNGSROZ5414">Higher Education – Global: Artificial intelligence poses academic integrity risks, but provides opportunity for innovation and efficiencies</a></li><li><a href="https://www.moodys.com/research/Public-Ports-US-Outlook-still-stable-but-slowing-economic-growth-Outlook--PBC_1367291?cid=YJZ7YNGSROZ5414">Public Ports – US: Outlook still stable but slowing economic growth weighs on cargo demand </a></li></ul>
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      <pubDate>Thu, 8 Jun 2023 06:00:00 +0000</pubDate>
      <author>podcasts@moodys.com (Nick Samuels, Patrick Ronk, Moses Kopmar)</author>
      <link>https://moodys-talks-muniland.simplecast.com/episodes/artificial-intelligences-credit-effects-unfold-for-universities-us-ports-outlook-remains-stable-LTP2HgoJ</link>
      <content:encoded><![CDATA[<p>ChatGPT’s rollout has sharpened universities’ focus on AI pitfalls such as cheating and benefits like improved educational outcomes. Plus, US ports’ cargo volumes are way down, but business models and finances provide stability.</p><p>Guests: Patrick Ronk, Analyst – Moody’s Investors Service and Moses Kopmar, Vice President – Senior Analyst, Moody’s Investors Service</p><p>Host: Nick Samuels, Senior Vice President, Moody’s Investors Service </p><p>Related content on <a href="www.moodys.com">Moodys.com</a> (may only be available to registered users and subscribers):</p><ul><li><a href="https://www.moodys.com/research/Higher-Education-Global-Artificial-intelligence-poses-academic-integrity-risks-but-Sector-Comment--PBC_1367660?cid=GAR9PTU7VKT2671&cid=YJZ7YNGSROZ5414">Higher Education – Global: Artificial intelligence poses academic integrity risks, but provides opportunity for innovation and efficiencies</a></li><li><a href="https://www.moodys.com/research/Public-Ports-US-Outlook-still-stable-but-slowing-economic-growth-Outlook--PBC_1367291?cid=YJZ7YNGSROZ5414">Public Ports – US: Outlook still stable but slowing economic growth weighs on cargo demand </a></li></ul>
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      <description><![CDATA[<p>Kevyn Orr, who led Detroit’s 2013 bankruptcy filing, weighs in on why the landmark event enabled a turnaround for the city and recounts some of the restructuring’s peculiarities, including Renoir’s involvement. At Moody’s, the bankruptcy marked such an inflection point that it prompted changes in our credit analysis. Naomi Richman, a senior vice president in our Public Finance Group, joins the podcast at about the 22:30 mark to comment on those shifts and other reverberations from the Detroit case, while analyst David Strungis discusses the city’s current credit trajectory.</p><p><strong>Guests</strong>: Kevyn Orr, Partner-in-Charge, U.S. Offices, Jones Day; Naomi Richman, Senior Vice President, Moody’s Investors Service; David Strungis, Vice President-Senior Analyst, Moody’s Investors Service  </p><p><strong>Host</strong>: Nick Samuels – Senior Vice President, Moody’s Investors Service</p><p><strong>Related content on Moodys.com</strong> (may only be available to registered users or subscribers): </p><ul><li><a href="https://www.moodys.com/research/City-of-Detroit-MI-Update-to-credit-analysis-following-upgrade-to-Credit-Opinion--PBM_1362357">City of Detroit, MI: Update to credit analysis following upgrade to Ba1 positive</a></li><li><a href="https://www.moodys.com/research/Detroit-City-of-MI-Dedicated-reserve-will-help-Detroit-ramp-up-Issuer-In-Depth--PBM_1360163">Detroit (City of): Dedicated reserve will help Detroit ramp up contributions, but pension costs will spike if assets underperform</a></li></ul>
]]></description>
      <pubDate>Thu, 11 May 2023 06:00:00 +0000</pubDate>
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      <link>https://moodys-talks-muniland.simplecast.com/episodes/detroits-former-bankruptcy-czar-says-restructuring-worked-for-the-city-rmhVwpi0</link>
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      <itunes:title>Detroit’s former bankruptcy czar says restructuring worked for the city</itunes:title>
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      <description><![CDATA[<p>With an EPA proposal, US municipal utilities and cities are facing mounting costs to remove toxic PFAS, also known as forever chemicals, from drinking water. Yet the utilities’ ability to raise customer rates to recoup costs will limit credit risks. Meanwhile, companies that make the chemicals or products with them are dealing with a barrage of lawsuits similar to what hit Big Tobacco and opioid makers. </p><p>Guests: Helen Cregger, Vice President – Senior Credit Officer, Moody’s Investors Service; Ryan Patton, Assistant Vice President – Analyst, Moody’s Investors Service; John Rogers, Senior Vice President, Moody’s Investors Service</p><p>Host: Nick Samuels, Senior Vice President, Moody’s Investors Service</p><p>Related content on <a href="https://www.moodys.com/">Moodys.com</a> (may only be available to subscribers):</p><ul><li><a href="https://www.moodys.com/research/ESG-Global-Forever-chemicals-present-Sector-In-Depth--PBC_1353134">ESG – Global: ‘Forever chemicals’ present significant credit risk for certain companies</a></li><li><a href="https://www.moodys.com/research/Water-and-Wastewater-Utilities-US-EPA-proposal-to-reduce-forever-Sector-Comment--PBC_1354479">Water and Wastewater Utilities – US:  EPA proposal to reduce ‘forever chemicals’ in drinking water will raise costs</a></li></ul>
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      <pubDate>Thu, 13 Apr 2023 06:00:00 +0000</pubDate>
      <author>podcasts@moodys.com (Helen Cregger, Ryan Patton, John Rogers, Nick Samuels)</author>
      <link>https://moodys-talks-muniland.simplecast.com/episodes/forever-chemicals-are-a-financial-hazard-for-water-utilities-cities-and-manufacturers-mujXbru9</link>
      <content:encoded><![CDATA[<p>With an EPA proposal, US municipal utilities and cities are facing mounting costs to remove toxic PFAS, also known as forever chemicals, from drinking water. Yet the utilities’ ability to raise customer rates to recoup costs will limit credit risks. Meanwhile, companies that make the chemicals or products with them are dealing with a barrage of lawsuits similar to what hit Big Tobacco and opioid makers. </p><p>Guests: Helen Cregger, Vice President – Senior Credit Officer, Moody’s Investors Service; Ryan Patton, Assistant Vice President – Analyst, Moody’s Investors Service; John Rogers, Senior Vice President, Moody’s Investors Service</p><p>Host: Nick Samuels, Senior Vice President, Moody’s Investors Service</p><p>Related content on <a href="https://www.moodys.com/">Moodys.com</a> (may only be available to subscribers):</p><ul><li><a href="https://www.moodys.com/research/ESG-Global-Forever-chemicals-present-Sector-In-Depth--PBC_1353134">ESG – Global: ‘Forever chemicals’ present significant credit risk for certain companies</a></li><li><a href="https://www.moodys.com/research/Water-and-Wastewater-Utilities-US-EPA-proposal-to-reduce-forever-Sector-Comment--PBC_1354479">Water and Wastewater Utilities – US:  EPA proposal to reduce ‘forever chemicals’ in drinking water will raise costs</a></li></ul>
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      <itunes:title>‘Forever chemicals’ are a financial hazard for water utilities, cities and manufacturers</itunes:title>
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      <description><![CDATA[<p>Moody’s analysts discuss accelerating electric vehicle sales’ effects on US auto insurers and auto finance captives, and implications for state fuel taxes.</p><p> </p><p><strong>Speakers: </strong>Matthias Heck, VP – Senior Credit Officer, Moody’s Investors Service; Inna Bodeck, VP – Senior Analyst, Moody’s Investors Service; Jasper Cooper – VP – Senior Credit Officer, Moody’s Investors Service; Ted Hampton, VP – Senior Credit Officer, Moody’s Investors Service</p><p> </p><p><strong>Hosts:</strong></p><p>Nicholas Samuels, Senior Vice President, Moody’s Investors Service; Danielle Reed, VP – Senior Research Writer, Moody’s Investors Service</p><p> </p><p><strong>Related content on </strong><a href="https://www.moodys.com/autotransformation"><strong>Moodys.com/autotransformation</strong></a><strong> (may only be available to registered users or subscribers):</strong></p><ul><li><a href="https://www.moodys.com/research/Auto-Manufacturing-Global-Electrification-momentum-is-Sector-In-Depth--PBC_1345901" target="_blank">Electrification momentum is strong, automakers must invest to stay competitive</a></li><li><a href="https://www.moodys.com/research/Auto-Finance-Captives-North-America-Evolving-portfolios-will-carry-more--PBC_1359239" target="_blank">US auto finance captives’ evolving portfolios will carry more electric vehicles and greater risk</a></li><li><a href="https://www.moodys.com/research/Property-Casualty-Insurance-US-Electric-vehicles-to-drive-up-costs--PBC_1359684" target="_blank">Auto insurers’ costs and pricing will rise as electric vehicles grow more popular</a></li><li><a href="https://www.moodys.com/research/US-Public-Finance-North-America-Electric-vehicles-raise-carbon-transition--PBC_1354748" target="_blank">Electric vehicles raise carbon transition risk for states' highway revenue bonds</a></li></ul>
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      <pubDate>Wed, 12 Apr 2023 07:00:00 +0000</pubDate>
      <author>podcasts@moodys.com (Nick Samuels, Danielle Reed, Matthias Heck, Inna Bodeck, Jasper Cooper, Ted Hampton)</author>
      <link>https://moodys-talks-muniland.simplecast.com/episodes/global-electric-vehicle-surge-is-a-bumpy-ride-for-insurance-auto-finance-state-highway-bonds-ml-Af4WgVcd</link>
      <content:encoded><![CDATA[<p>Moody’s analysts discuss accelerating electric vehicle sales’ effects on US auto insurers and auto finance captives, and implications for state fuel taxes.</p><p> </p><p><strong>Speakers: </strong>Matthias Heck, VP – Senior Credit Officer, Moody’s Investors Service; Inna Bodeck, VP – Senior Analyst, Moody’s Investors Service; Jasper Cooper – VP – Senior Credit Officer, Moody’s Investors Service; Ted Hampton, VP – Senior Credit Officer, Moody’s Investors Service</p><p> </p><p><strong>Hosts:</strong></p><p>Nicholas Samuels, Senior Vice President, Moody’s Investors Service; Danielle Reed, VP – Senior Research Writer, Moody’s Investors Service</p><p> </p><p><strong>Related content on </strong><a href="https://www.moodys.com/autotransformation"><strong>Moodys.com/autotransformation</strong></a><strong> (may only be available to registered users or subscribers):</strong></p><ul><li><a href="https://www.moodys.com/research/Auto-Manufacturing-Global-Electrification-momentum-is-Sector-In-Depth--PBC_1345901" target="_blank">Electrification momentum is strong, automakers must invest to stay competitive</a></li><li><a href="https://www.moodys.com/research/Auto-Finance-Captives-North-America-Evolving-portfolios-will-carry-more--PBC_1359239" target="_blank">US auto finance captives’ evolving portfolios will carry more electric vehicles and greater risk</a></li><li><a href="https://www.moodys.com/research/Property-Casualty-Insurance-US-Electric-vehicles-to-drive-up-costs--PBC_1359684" target="_blank">Auto insurers’ costs and pricing will rise as electric vehicles grow more popular</a></li><li><a href="https://www.moodys.com/research/US-Public-Finance-North-America-Electric-vehicles-raise-carbon-transition--PBC_1354748" target="_blank">Electric vehicles raise carbon transition risk for states' highway revenue bonds</a></li></ul>
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      <description><![CDATA[<p>Weak investment returns have chipped away at endowment values, but universities manage endowments with expectations of volatility, easing some of the adverse credit effects.</p><p>Guests: Liz Clark, vice president for policy and research, <i>National Association of College and University Business Officers</i> (<i>NACUBO</i>) and Susan Shaffer, Vice President – Senior Credit Officer, Moody’s Investors Service</p><p>Host: Nick Samuels, Senior Vice President, Moody’s Investors Service</p>
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      <pubDate>Thu, 9 Mar 2023 07:00:00 +0000</pubDate>
      <author>podcasts@moodys.com (Susan Shaffer, Liz Clark, Nick Samuels)</author>
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      <content:encoded><![CDATA[<p>Weak investment returns have chipped away at endowment values, but universities manage endowments with expectations of volatility, easing some of the adverse credit effects.</p><p>Guests: Liz Clark, vice president for policy and research, <i>National Association of College and University Business Officers</i> (<i>NACUBO</i>) and Susan Shaffer, Vice President – Senior Credit Officer, Moody’s Investors Service</p><p>Host: Nick Samuels, Senior Vice President, Moody’s Investors Service</p>
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      <itunes:title>Most US universities can handle recent drops in endowment values</itunes:title>
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      <title>Hospitals face increased financial pain</title>
      <description><![CDATA[<p>Hospital credit stress is not going away as labor costs, largely driven by a nursing shortage, drive up expenses and capacity constraints squeeze revenue. </p><p><strong>Guests: </strong>Brad Spielman, Vice President - Senior Credit Officer, Moody’s Investors Service and Dan Steingart, Vice President - Senior Credit Officer, Moody’s Investors Service</p><p><strong>Host: </strong>Nick Samuels, Senior Vice President, Moody’s Investors Service</p><p> </p><p>Related content on <a href="https://www.moodys.com/">Moodys.com</a> (may only be available to registered users or subscribers):</p><ul><li><a href="https://www.moodys.com/research/Not-For-Profit-and-Public-Healthcare-US-2023-Outlook-Negative--PBC_1342403" target="_blank">Not-For-Profit and Public Healthcare – US: 2023 Outlook - Negative as inflation, labor costs continue to drive expenses higher</a></li><li><a href="https://www.moodys.com/research/Hospitals-US-Developments-to-watch-2023--PBC_1353006">Hospitals – US: Developments to Watch: 2023</a></li></ul>
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      <pubDate>Thu, 9 Feb 2023 07:00:00 +0000</pubDate>
      <author>podcasts@moodys.com (Nick Samuels, Brad Spielman, Dan Steingart)</author>
      <link>https://moodys-talks-muniland.simplecast.com/episodes/hospitals-face-increased-financial-pain-spYRV7px</link>
      <content:encoded><![CDATA[<p>Hospital credit stress is not going away as labor costs, largely driven by a nursing shortage, drive up expenses and capacity constraints squeeze revenue. </p><p><strong>Guests: </strong>Brad Spielman, Vice President - Senior Credit Officer, Moody’s Investors Service and Dan Steingart, Vice President - Senior Credit Officer, Moody’s Investors Service</p><p><strong>Host: </strong>Nick Samuels, Senior Vice President, Moody’s Investors Service</p><p> </p><p>Related content on <a href="https://www.moodys.com/">Moodys.com</a> (may only be available to registered users or subscribers):</p><ul><li><a href="https://www.moodys.com/research/Not-For-Profit-and-Public-Healthcare-US-2023-Outlook-Negative--PBC_1342403" target="_blank">Not-For-Profit and Public Healthcare – US: 2023 Outlook - Negative as inflation, labor costs continue to drive expenses higher</a></li><li><a href="https://www.moodys.com/research/Hospitals-US-Developments-to-watch-2023--PBC_1353006">Hospitals – US: Developments to Watch: 2023</a></li></ul>
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      <itunes:title>Hospitals face increased financial pain</itunes:title>
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      <description><![CDATA[<p>The faltering economy threatens to slow growth in travel and cargo volumes, which underpin credit quality for the three infrastructure sectors. All three, however, have strong balance sheets and other advantages that will help them navigate the difficulties. </p><p><strong>Guests</strong>: Ursula Cassinerio, Assistant Vice President – Analyst, Moody’s Investors Service and Moses Kopmar, Vice President – Senior Analyst, Moody’s Investors Service</p><p><strong>Host</strong>: Nick Samuels, Senior Vice President, Moody’s Investors Service</p><p>Related content on <a href="https://www.moodys.com/">Moodys.com</a> (may only be available to registered users or subscribers):</p><ul><li><a href="https://www.moodys.com/research/Airports-US-2023-Outlook-Turns-stable-as-capacity-constraints-macro--PBC_1344264">Airports – US: 2023 Outlook – Turns stable as capacity constraints, macro conditions limit recovery</a></li><li><a href="https://www.moodys.com/research/Toll-Roads-US-2023-Outlook-Turns-stable-as-traffic-and--PBC_1344265">Toll Roads – US: 2023 Outlook – Turns stable as traffic and revenue growth slow with US economy</a></li><li><a href="https://www.moodys.com/research/Public-Ports-US-2023-Outlook-Turns-stable-as-cargo-volume--PBC_1344262">Public Ports – US: 2023 Outlook – Turns stable as cargo and volume growth slows with GDP growth</a></li><li><a href="https://www.moodys.com/research/Public-Power-Electric-Utilities-US-2023-Outlook-Stable-as-utilities--PBC_1347381">Public Power Electric Utilities – US: 2023 Outlook – Stable as utilities poised to raise rates if needed to cover rising costs</a></li></ul>
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      <pubDate>Thu, 26 Jan 2023 07:00:00 +0000</pubDate>
      <author>podcasts@moodys.com (Ursula Cassinerio, Nick Samuels, Moses Kopmar)</author>
      <link>https://moodys-talks-muniland.simplecast.com/episodes/prospects-weaken-for-us-airports-toll-roads-and-ports-dbZrplBd</link>
      <content:encoded><![CDATA[<p>The faltering economy threatens to slow growth in travel and cargo volumes, which underpin credit quality for the three infrastructure sectors. All three, however, have strong balance sheets and other advantages that will help them navigate the difficulties. </p><p><strong>Guests</strong>: Ursula Cassinerio, Assistant Vice President – Analyst, Moody’s Investors Service and Moses Kopmar, Vice President – Senior Analyst, Moody’s Investors Service</p><p><strong>Host</strong>: Nick Samuels, Senior Vice President, Moody’s Investors Service</p><p>Related content on <a href="https://www.moodys.com/">Moodys.com</a> (may only be available to registered users or subscribers):</p><ul><li><a href="https://www.moodys.com/research/Airports-US-2023-Outlook-Turns-stable-as-capacity-constraints-macro--PBC_1344264">Airports – US: 2023 Outlook – Turns stable as capacity constraints, macro conditions limit recovery</a></li><li><a href="https://www.moodys.com/research/Toll-Roads-US-2023-Outlook-Turns-stable-as-traffic-and--PBC_1344265">Toll Roads – US: 2023 Outlook – Turns stable as traffic and revenue growth slow with US economy</a></li><li><a href="https://www.moodys.com/research/Public-Ports-US-2023-Outlook-Turns-stable-as-cargo-volume--PBC_1344262">Public Ports – US: 2023 Outlook – Turns stable as cargo and volume growth slows with GDP growth</a></li><li><a href="https://www.moodys.com/research/Public-Power-Electric-Utilities-US-2023-Outlook-Stable-as-utilities--PBC_1347381">Public Power Electric Utilities – US: 2023 Outlook – Stable as utilities poised to raise rates if needed to cover rising costs</a></li></ul>
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      <pubDate>Thu, 12 Jan 2023 08:00:00 +0000</pubDate>
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      <description><![CDATA[<p>Macroeconomic conditions, enrollment troubles and muted revenue growth will continue to hinder colleges and universities. For mass transit, a weak ridership recovery and looming end to federal pandemic aid signal more tough times ahead.  </p><p><strong>Guests</strong>: Susan Shaffer, Vice President-Senior Credit Officer, Moody’s Investors Service; Jared Brewster, Vice President-Senior Analyst, Moody’s Investors Service; Baye Larsen, Vice President-Senior Credit Officer, Moody’s Investors Service </p><p><strong>Host: </strong>Nick Samuels – Senior Vice President, Moody’s Investors Service</p><p>Related content on Moodys.com (may only be available to registered users or subscribers):</p><ul><li><a href="https://www.moodys.com/research/Higher-Education-US-2023-Outlook-Negative-as-revenue-rebound-stalls--PBC_1342715">Higher Education – US: 2023 Outlook - Negative as revenue rebound stalls and expenses surge</a></li><li><a href="https://www.moodys.com/research/Mass-Transit-US-2023-Outlook-Negative-with-low-ridership-and--PBM_1342717">Mass Transit – US: 2023 Outlook – Negative with low ridership and looming federal aid cliff</a></li></ul>
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      <pubDate>Thu, 8 Dec 2022 15:46:50 +0000</pubDate>
      <author>podcasts@moodys.com (Nick Samuels, Susan Shaffer, Jared Brewster, Baye Larsen)</author>
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      <content:encoded><![CDATA[<p>Macroeconomic conditions, enrollment troubles and muted revenue growth will continue to hinder colleges and universities. For mass transit, a weak ridership recovery and looming end to federal pandemic aid signal more tough times ahead.  </p><p><strong>Guests</strong>: Susan Shaffer, Vice President-Senior Credit Officer, Moody’s Investors Service; Jared Brewster, Vice President-Senior Analyst, Moody’s Investors Service; Baye Larsen, Vice President-Senior Credit Officer, Moody’s Investors Service </p><p><strong>Host: </strong>Nick Samuels – Senior Vice President, Moody’s Investors Service</p><p>Related content on Moodys.com (may only be available to registered users or subscribers):</p><ul><li><a href="https://www.moodys.com/research/Higher-Education-US-2023-Outlook-Negative-as-revenue-rebound-stalls--PBC_1342715">Higher Education – US: 2023 Outlook - Negative as revenue rebound stalls and expenses surge</a></li><li><a href="https://www.moodys.com/research/Mass-Transit-US-2023-Outlook-Negative-with-low-ridership-and--PBM_1342717">Mass Transit – US: 2023 Outlook – Negative with low ridership and looming federal aid cliff</a></li></ul>
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      <pubDate>Thu, 10 Nov 2022 07:00:00 +0000</pubDate>
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      <content:encoded><![CDATA[<p>A one-notch upgrade has Chicago moving into investment grade. The city is set to benefit from a policy calling for greater pension contributions aimed at preventing growth in its unfunded pension burden. </p><p> </p><p><strong>Guests: </strong>Rachel Cortez, Associate Managing Director, Moody’s Investors Service and David Levett, Vice President – Senior Analyst, Moody’s Investors Service</p><p> </p><p><strong>Host: </strong>Nick Samuels – Senior Vice President, Moody’s Investors Service</p><p> </p><p>Related content on Moodys.com (may only be available to registered users or subscribers):</p><ul><li><a href="https://www.moodys.com/research/City-of-Chicago-IL-Update-to-credit-analysis-following-upgrade-Credit-Opinion--PBC_1347644">City of Chicago, IL: Update to credit analysis following upgrade to Baa3 stable</a></li></ul>
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      <description><![CDATA[<p>A less-discussed part of the plan, which revamps income-driven undergraduate loan payments, will boost enrollment. Plus, Florida municipal issuers have tools to limit Hurricane Ian credit risks.    </p><p><strong>Guests:</strong> Patrick Ronk, Analyst, Moody’s Investors Service; Lauren Von Bargen, Assistant Vice President - Analyst, Moody’s Investors Service; Val Gomez, Vice President – Senior Analyst, Moody’s Investors Service</p><p><strong>Host:</strong> Nick Samuels – Senior Vice President, Moody’s Investors Service</p><p>Related content on <a href="moodys.com">Moodys.com</a> (some content only available to registered users or subscribers):</p><ul><li><a href="https://www.moodys.com/research/Higher-Education-US-Student-loan-forgiveness-is-mildly-positive-but--PBC_1340474" target="_blank">Higher Education – US: Student loan forgiveness is mildly positive, but repayment changes offer bigger benefit</a></li><li><a href="https://www.moodys.com/research/US-Public-Finance-Florida-Federal-aid-insurance-proceeds-and-liquidity--PBC_1344400">Public Finance – Florida: Federal aid, insurance proceeds and liquidity mitigate Hurricane Ian's costs</a></li></ul>
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      <pubDate>Thu, 13 Oct 2022 11:00:00 +0000</pubDate>
      <author>podcasts@moodys.com (Moody&apos;s Investors Service)</author>
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      <content:encoded><![CDATA[<p>A less-discussed part of the plan, which revamps income-driven undergraduate loan payments, will boost enrollment. Plus, Florida municipal issuers have tools to limit Hurricane Ian credit risks.    </p><p><strong>Guests:</strong> Patrick Ronk, Analyst, Moody’s Investors Service; Lauren Von Bargen, Assistant Vice President - Analyst, Moody’s Investors Service; Val Gomez, Vice President – Senior Analyst, Moody’s Investors Service</p><p><strong>Host:</strong> Nick Samuels – Senior Vice President, Moody’s Investors Service</p><p>Related content on <a href="moodys.com">Moodys.com</a> (some content only available to registered users or subscribers):</p><ul><li><a href="https://www.moodys.com/research/Higher-Education-US-Student-loan-forgiveness-is-mildly-positive-but--PBC_1340474" target="_blank">Higher Education – US: Student loan forgiveness is mildly positive, but repayment changes offer bigger benefit</a></li><li><a href="https://www.moodys.com/research/US-Public-Finance-Florida-Federal-aid-insurance-proceeds-and-liquidity--PBC_1344400">Public Finance – Florida: Federal aid, insurance proceeds and liquidity mitigate Hurricane Ian's costs</a></li></ul>
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      <description><![CDATA[<p>With flush rainy day funds and flexibility to cut costs, states are poised to avoid credit stress if a severe economic tailspin or even a recession takes hold. Plus, housing finance agencies’ credit quality remains strong, but the HFAs face challenges in the current economic environment.</p><p><strong>Guests: </strong>Sunny Zhu, Assistant Vice President-Analyst, Moody’s Investors Service; Pisei Chea, Vice President-Senior Analyst, Moody’s Investors Service; Rachael McDonald, Associate Managing Director, Moody’s Investors Service; Omar Ouzidane, Vice President-Senior Analyst, Moody’s Investors Service</p><p><strong>Host:</strong> Nick Samuels – Senior Vice President, Moody’s Investors Service</p><p>Related content on <a href="https://www.moodys.com/">Moodys.com</a> (some content only available to registered users or subscribers):</p><ul><li><a href="https://www.moodys.com/research/States-US-Strong-fiscal-governance-positions-states-to-withstand-high--PBM_1330879">States – US: Strong fiscal governance positions states to withstand high inflation, possible recession</a></li><li><a href="https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBM_1335042">States – US: Debt, pension and OPEB liabilities all up in fiscal 2021</a></li><li><a href="https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1330647">State Housing Finance Agencies – US: HFAs are well positioned for continued solid performance in changing market conditions</a></li></ul>
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      <pubDate>Thu, 15 Sep 2022 07:30:00 +0000</pubDate>
      <author>podcasts@moodys.com (Sunny Zhu, Pisei Chea, Rachael McDonald, Omar Ouzidane, Nick Samuels)</author>
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      <content:encoded><![CDATA[<p>With flush rainy day funds and flexibility to cut costs, states are poised to avoid credit stress if a severe economic tailspin or even a recession takes hold. Plus, housing finance agencies’ credit quality remains strong, but the HFAs face challenges in the current economic environment.</p><p><strong>Guests: </strong>Sunny Zhu, Assistant Vice President-Analyst, Moody’s Investors Service; Pisei Chea, Vice President-Senior Analyst, Moody’s Investors Service; Rachael McDonald, Associate Managing Director, Moody’s Investors Service; Omar Ouzidane, Vice President-Senior Analyst, Moody’s Investors Service</p><p><strong>Host:</strong> Nick Samuels – Senior Vice President, Moody’s Investors Service</p><p>Related content on <a href="https://www.moodys.com/">Moodys.com</a> (some content only available to registered users or subscribers):</p><ul><li><a href="https://www.moodys.com/research/States-US-Strong-fiscal-governance-positions-states-to-withstand-high--PBM_1330879">States – US: Strong fiscal governance positions states to withstand high inflation, possible recession</a></li><li><a href="https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBM_1335042">States – US: Debt, pension and OPEB liabilities all up in fiscal 2021</a></li><li><a href="https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1330647">State Housing Finance Agencies – US: HFAs are well positioned for continued solid performance in changing market conditions</a></li></ul>
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      <title>Inflation set to drive up state and local government costs for labor, hurricane recovery</title>
      <description><![CDATA[<p>Inflation stands to increase personnel costs and budget stress for states and municipalities, in part because of competition from the higher-paying public sector<strong>.</strong> Plus, peak hurricane season arrives amid the elevated inflation, driving up rebuilding costs for governments along the Atlantic and Gulf coasts if they’re hit by a major storm.</p><p><strong>Guests:</strong> Dan Kowalski, Analyst – Moody’s Investors Service; Thomas Aaron, Vice President – Senior Credit Officer, Moody’s Investors Service; Emily Raimes – Senior Vice President, Moody’s Investors Service</p><p><strong>Host:</strong> Nick Samuels – Senior Vice President, Moody’s Investors Service</p><p>Related content on Moodys.com (some content only available to registered users or subscribers):</p><ul><li><a href="https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1336390">State and Local Government – US: High inflation and employment shortage set to push up compensation costs</a></li><li><a href="https://www.moodys.com/research/State-and-Local-Government-US-Rapid-employee-wage-inflation-will--PBC_1337487" target="_blank">State and Local Government – US: Rapid employee wage inflation will cause hikes in pension liabilities</a></li><li><a href="https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBM_1337179">Inflation threatens to drive up US hurricane recovery costs</a></li></ul>
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      <pubDate>Thu, 11 Aug 2022 06:39:00 +0000</pubDate>
      <author>podcasts@moodys.com (Emily Rhaimes, Thomas Aaron, Dan Kowalski, Nick Samuels)</author>
      <link>https://moodys-talks-muniland.simplecast.com/episodes/inflation-set-to-drive-up-state-and-local-government-costs-for-labor-hurricane-recovery-2ywM128p</link>
      <content:encoded><![CDATA[<p>Inflation stands to increase personnel costs and budget stress for states and municipalities, in part because of competition from the higher-paying public sector<strong>.</strong> Plus, peak hurricane season arrives amid the elevated inflation, driving up rebuilding costs for governments along the Atlantic and Gulf coasts if they’re hit by a major storm.</p><p><strong>Guests:</strong> Dan Kowalski, Analyst – Moody’s Investors Service; Thomas Aaron, Vice President – Senior Credit Officer, Moody’s Investors Service; Emily Raimes – Senior Vice President, Moody’s Investors Service</p><p><strong>Host:</strong> Nick Samuels – Senior Vice President, Moody’s Investors Service</p><p>Related content on Moodys.com (some content only available to registered users or subscribers):</p><ul><li><a href="https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1336390">State and Local Government – US: High inflation and employment shortage set to push up compensation costs</a></li><li><a href="https://www.moodys.com/research/State-and-Local-Government-US-Rapid-employee-wage-inflation-will--PBC_1337487" target="_blank">State and Local Government – US: Rapid employee wage inflation will cause hikes in pension liabilities</a></li><li><a href="https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBM_1337179">Inflation threatens to drive up US hurricane recovery costs</a></li></ul>
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      <itunes:title>Inflation set to drive up state and local government costs for labor, hurricane recovery</itunes:title>
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      <pubDate>Thu, 14 Apr 2022 07:45:00 +0000</pubDate>
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      <description><![CDATA[<p>Nansis Hayek and Matt Cahill of the US Public Finance team discuss how the pandemic-driven telehealth surge is helping the challenged healthcare sector. Plus, analysts Baye Larsen and Ted Hampton explain how manufacturing computer chips in Ohio and electric vehicles in Michigan will help the Rust Belt. </p><p><strong>Related content on Moodys.com </strong>(some content only available to registered users or subscribers): </p><ul><li><a href="https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1315726&cid=NFV72NXYH7115853" target="_blank">Hospitals – US: Developments to watch: 2022</a></li><li><a href="https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1317679&cid=NOOJVLTZNPS15854" target="_blank">State and Local Government – Ohio: Intel plant will give Ohio an economic boost; state aid to ease infrastructure pressure</a></li><li><a href="https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBM_1317738&cid=UU7FKZB2M8C15855" target="_blank">Michigan (State of): GM’s BEV manufacturing initiative supports Michigan's auto industry, mitigating carbon transition risk</a></li></ul>
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      <pubDate>Thu, 13 Jan 2022 08:45:00 +0000</pubDate>
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      <pubDate>Thu, 9 Dec 2021 08:45:00 +0000</pubDate>
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      <pubDate>Thu, 11 Nov 2021 08:45:00 +0000</pubDate>
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      <pubDate>Thu, 14 Oct 2021 07:00:00 +0000</pubDate>
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      <title>Chicago and Illinois’ prospects brighten; US public finance sector proves durable</title>
      <description><![CDATA[<p>David Levett and Ted Hampton of the US Public Finance team delve into Chicago and the State of Illinois’ improved prospects despite heavy pension obligations. Also, Sarah Jensen and Al Medioli discuss the lack of pandemic-driven defaults among US public finance credits we rate.</p><p> </p><p><strong>Inside this episode:</strong></p><ul><li>David Levett and Ted Hampton of the US Public Finance team delve into Chicago and the State of Illinois’ improved prospects despite heavy pension obligations. <i><strong>(begins at 1:29 mins)</strong></i></li><li>Sarah Jensen and Al Medioli discuss the lack of pandemic-driven defaults among US public finance credits we rate. <i><strong>(begins at 8:43 mins)</strong></i></li></ul><p><strong>Related content:</strong></p><ul><li><a href="https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1294488&cid=MT2ZI2S7O7214249" target="_blank">Chicago (City of) IL: Update to credit analysis following revision of outlook to stable</a> - Our credit view incorporating the city's healthy liquidity, massive economy, very high leverage and recovering revenue.</li><li><a href="https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBM_1163901&cid=80HW3AX5NLY14250" target="_blank">Chicago (City of) IL: Political will to raise revenue, use of federal aid and state actions will drive financial trajectory</a> - Chicago's credit trajectory will be influenced by political will to raise revenue, its use of federal aid and actions taken by the State of Illinois.</li><li><a href="https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1293065&cid=GSBNDQ8JS8F14251" target="_blank">Local Government – US: Falling rents, remote work uncertainty will hit property tax revenue in some big cities</a> - Office vacancy is rising and rents are falling, which will likely weaken assessed valuation and have varying property tax revenue implications for five large cities.</li><li><a href="https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBM_1290344&cid=ZCYUXKM2S3O14252" target="_blank">Illinois (State of): Update to credit analysis following upgrade to Baa2</a> - Our credit view of Illinois, reflecting its sovereign powers over revenue and spending, offset by its very large unfunded pension liabilities that remain on an upward trajectory.</li><li><a href="https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBM_1259641&cid=LTM1BYNIZIW14253" target="_blank">US Public Finance: US municipal bond defaults and recoveries, 1970-2020</a> - This study updates our findings concerning the default, loss and rating transition experience of US municipal bond issuers from 1970 to 2020.<br /> </li></ul>
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      <pubDate>Thu, 12 Aug 2021 12:07:52 +0000</pubDate>
      <author>podcasts@moodys.com (Al Medioli, Nick Samuels, Sarah Jensen, Ted Hampton, David Levett)</author>
      <link>https://moodys-talks-muniland.simplecast.com/episodes/podcast-chicago-and-illinois-prospects-brighten-us-public-finance-sector-proves-durable-DtucrSFk</link>
      <content:encoded><![CDATA[<p>David Levett and Ted Hampton of the US Public Finance team delve into Chicago and the State of Illinois’ improved prospects despite heavy pension obligations. Also, Sarah Jensen and Al Medioli discuss the lack of pandemic-driven defaults among US public finance credits we rate.</p><p> </p><p><strong>Inside this episode:</strong></p><ul><li>David Levett and Ted Hampton of the US Public Finance team delve into Chicago and the State of Illinois’ improved prospects despite heavy pension obligations. <i><strong>(begins at 1:29 mins)</strong></i></li><li>Sarah Jensen and Al Medioli discuss the lack of pandemic-driven defaults among US public finance credits we rate. <i><strong>(begins at 8:43 mins)</strong></i></li></ul><p><strong>Related content:</strong></p><ul><li><a href="https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1294488&cid=MT2ZI2S7O7214249" target="_blank">Chicago (City of) IL: Update to credit analysis following revision of outlook to stable</a> - Our credit view incorporating the city's healthy liquidity, massive economy, very high leverage and recovering revenue.</li><li><a href="https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBM_1163901&cid=80HW3AX5NLY14250" target="_blank">Chicago (City of) IL: Political will to raise revenue, use of federal aid and state actions will drive financial trajectory</a> - Chicago's credit trajectory will be influenced by political will to raise revenue, its use of federal aid and actions taken by the State of Illinois.</li><li><a href="https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1293065&cid=GSBNDQ8JS8F14251" target="_blank">Local Government – US: Falling rents, remote work uncertainty will hit property tax revenue in some big cities</a> - Office vacancy is rising and rents are falling, which will likely weaken assessed valuation and have varying property tax revenue implications for five large cities.</li><li><a href="https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBM_1290344&cid=ZCYUXKM2S3O14252" target="_blank">Illinois (State of): Update to credit analysis following upgrade to Baa2</a> - Our credit view of Illinois, reflecting its sovereign powers over revenue and spending, offset by its very large unfunded pension liabilities that remain on an upward trajectory.</li><li><a href="https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBM_1259641&cid=LTM1BYNIZIW14253" target="_blank">US Public Finance: US municipal bond defaults and recoveries, 1970-2020</a> - This study updates our findings concerning the default, loss and rating transition experience of US municipal bond issuers from 1970 to 2020.<br /> </li></ul>
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      <description><![CDATA[<p>Emily Raimes of the US Public Finance team discusses the rise in state debt amid COVID-19 and the role borrowing will play as states’ infrastructure needs mount. Plus, Joe Manoleas and Val Gomez delve into the potential effects of wildfires in California and hurricanes along the Atlantic and Gulf coasts.</p><p><strong>Inside this episode:</strong></p><ul><li>Emily Raimes of the US Public Finance team discusses the rise in state debt amid COVID-19 and the role borrowing will play as states’ infrastructure needs mount. <i><strong> (begins at 2:00 mins)</strong></i></li><li>Joe Manoleas and Val Gomez delve into the potential effects of wildfires in California and hurricanes along the Atlantic and Gulf coasts. <i><strong>(begins at 7:52 mins)</strong></i></li></ul><p><strong>Related content:</strong></p><ul><li><a href="https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBM_1276415&cid=LG82S0JIUQT13971" target="_blank">State Government – US: Medians - State debt rose 2.5% in 2020, spurred by pandemic-linked borrowing</a> - States' total net tax-supported debt increased to a record last year, but the growth rate was relatively modest despite pandemic-induced borrowings.</li><li><a href="https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1284994&cid=OZ3OF0B1PV13972" target="_blank">Local Government – California: Municipalities will withstand credit risks posed by heightened wildfire threat</a> - Despite a potentially devastating fire season, credit risks for local governments we rate are minimal owing to liquidity, tax bases, private insurance, and federal and state emergency aid.</li><li><a href="https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1286803&cid=SGGEBWGK7TF13973" target="_blank">State and Local Government – US: Hurricane season starts amid rising costs for recovery; proposed changes in federal support pose risks</a> - As the 2021 hurricane season begins, challenges loom for governments and residents needing to rebuild after storms hit.</li></ul>
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      <pubDate>Thu, 8 Jul 2021 07:45:00 +0000</pubDate>
      <author>podcasts@moodys.com (Valentina Gomez, Nicholas Samuels, Emily Raimes, Joe Manoleas)</author>
      <link>https://moodys-talks-muniland.simplecast.com/episodes/us-state-debt-climbs-municipalities-confront-wildfire-and-hurricane-seasons-oWgCpMxR</link>
      <content:encoded><![CDATA[<p>Emily Raimes of the US Public Finance team discusses the rise in state debt amid COVID-19 and the role borrowing will play as states’ infrastructure needs mount. Plus, Joe Manoleas and Val Gomez delve into the potential effects of wildfires in California and hurricanes along the Atlantic and Gulf coasts.</p><p><strong>Inside this episode:</strong></p><ul><li>Emily Raimes of the US Public Finance team discusses the rise in state debt amid COVID-19 and the role borrowing will play as states’ infrastructure needs mount. <i><strong> (begins at 2:00 mins)</strong></i></li><li>Joe Manoleas and Val Gomez delve into the potential effects of wildfires in California and hurricanes along the Atlantic and Gulf coasts. <i><strong>(begins at 7:52 mins)</strong></i></li></ul><p><strong>Related content:</strong></p><ul><li><a href="https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBM_1276415&cid=LG82S0JIUQT13971" target="_blank">State Government – US: Medians - State debt rose 2.5% in 2020, spurred by pandemic-linked borrowing</a> - States' total net tax-supported debt increased to a record last year, but the growth rate was relatively modest despite pandemic-induced borrowings.</li><li><a href="https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1284994&cid=OZ3OF0B1PV13972" target="_blank">Local Government – California: Municipalities will withstand credit risks posed by heightened wildfire threat</a> - Despite a potentially devastating fire season, credit risks for local governments we rate are minimal owing to liquidity, tax bases, private insurance, and federal and state emergency aid.</li><li><a href="https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1286803&cid=SGGEBWGK7TF13973" target="_blank">State and Local Government – US: Hurricane season starts amid rising costs for recovery; proposed changes in federal support pose risks</a> - As the 2021 hurricane season begins, challenges loom for governments and residents needing to rebuild after storms hit.</li></ul>
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      <description><![CDATA[<p>Michael Osborn, Heather Correia and Matthew Cahill of the US Public Finance team discuss the increasing cyber threats facing universities, state and local governments, hospitals and transit systems. Also, Pisei Chea weighs in on what recent US Census results signal about states’ economic fortunes, while Frank Mamo comments on municipalities’ prospects as they emerge from the coronavirus pandemic.  </p><p><strong>Inside this episode:</strong></p><ul><li>Michael Osborn, Heather Correia and Matthew Cahill of the US Public Finance team discuss the increasing cyber threats facing universities, state and local governments, hospitals and transit systems. <i><strong>(begins at 1:45 mins)</strong></i></li><li>Pisei Chea weighs in on what recent US Census results signal about states’ economic fortunes, while Frank Mamo comments on municipalities’ prospects as they emerge from the coronavirus pandemic. <i><strong>(begins at 14:51 mins)</strong></i></li></ul><p>Related content:</p><ul><li><a href="https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBM_1268980&cid=WUFFPIVXS013747" target="_blank">State and Local Government – US: Cybersecurity stronger among larger organizations, including states and transits</a></li><li><a href="https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBM_1273218&cid=1ERMR958IZH13748" target="_blank">Higher Education – US: FBI warning for universities underscores vulnerability to cyberattacks</a></li><li><a href="https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1284509&cid=FCP0KP1080413749" target="_blank">Hospitals – US: Healthcare cyber risk remains elevated given increasing reliance on technology</a></li><li><a href="https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1262388&cid=0ULO6TEB7OW13752" target="_blank">Insurance -US: Surge in ransomware claims drives cyber insurance prices higher</a></li><li><a href="https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBM_1262318&cid=OK1J07OE8KT13750" target="_blank">State Government – US: Population trends underscore state social and economic credit drivers</a></li><li><a href="https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBM_1273481&cid=FVQN1M28I413751" target="_blank">Local Government – US: Uneven economic recovery will shape credit environment for local governments</a></li></ul>
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      <pubDate>Thu, 10 Jun 2021 13:19:39 +0000</pubDate>
      <author>podcasts@moodys.com (Michael Osborn, Nicholas Samuels, Heather Correia, Pisei Chea, Matthew Cahill, Frank Mamo)</author>
      <link>https://moodys-talks-muniland.simplecast.com/episodes/cyber-risks-mount-across-us-public-finance-demographic-trends-shape-municipalities-economic-future-FLhmfgYz</link>
      <content:encoded><![CDATA[<p>Michael Osborn, Heather Correia and Matthew Cahill of the US Public Finance team discuss the increasing cyber threats facing universities, state and local governments, hospitals and transit systems. Also, Pisei Chea weighs in on what recent US Census results signal about states’ economic fortunes, while Frank Mamo comments on municipalities’ prospects as they emerge from the coronavirus pandemic.  </p><p><strong>Inside this episode:</strong></p><ul><li>Michael Osborn, Heather Correia and Matthew Cahill of the US Public Finance team discuss the increasing cyber threats facing universities, state and local governments, hospitals and transit systems. <i><strong>(begins at 1:45 mins)</strong></i></li><li>Pisei Chea weighs in on what recent US Census results signal about states’ economic fortunes, while Frank Mamo comments on municipalities’ prospects as they emerge from the coronavirus pandemic. <i><strong>(begins at 14:51 mins)</strong></i></li></ul><p>Related content:</p><ul><li><a href="https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBM_1268980&cid=WUFFPIVXS013747" target="_blank">State and Local Government – US: Cybersecurity stronger among larger organizations, including states and transits</a></li><li><a href="https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBM_1273218&cid=1ERMR958IZH13748" target="_blank">Higher Education – US: FBI warning for universities underscores vulnerability to cyberattacks</a></li><li><a href="https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1284509&cid=FCP0KP1080413749" target="_blank">Hospitals – US: Healthcare cyber risk remains elevated given increasing reliance on technology</a></li><li><a href="https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1262388&cid=0ULO6TEB7OW13752" target="_blank">Insurance -US: Surge in ransomware claims drives cyber insurance prices higher</a></li><li><a href="https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBM_1262318&cid=OK1J07OE8KT13750" target="_blank">State Government – US: Population trends underscore state social and economic credit drivers</a></li><li><a href="https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBM_1273481&cid=FVQN1M28I413751" target="_blank">Local Government – US: Uneven economic recovery will shape credit environment for local governments</a></li></ul>
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      <description><![CDATA[<p>Baye Larsen and Ken Kurtz of the US Public Finance team discuss how federal aid is buoying mass transit, but that a new normal awaits, with sector-wide ridership settling in below pre-pandemic levels. Plus, Val Gomez and Marcia Van Wagner explain how the pandemic has slowed progress toward gender equality in the labor force with implications for tax revenue and the housing market.</p><p><strong>Inside this episode:</strong></p><ul><li>Baye Larsen and Ken Kurtz of the US Public Finance team discuss how federal aid is buoying mass transit, but that a new normal awaits, with sector-wide ridership settling in below pre-pandemic levels. <i><strong>(begins at 1:25) </strong></i></li><li>Val Gomez and Marcia Van Wagner explain how the pandemic has slowed progress toward gender equality in the labor force with implications for tax revenue and the housing market. <i><strong>(begins at 11:54)</strong></i></li></ul><p><strong>Related content:</strong></p><ul><li><a href="https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1278554&cid=3ECMGYLVU813503" target="_blank">Mass Transit – US Outlook improves to stable with substantial federal aid and likely rebound in tax revenue</a> - Federal assistance for transit in the 2021 American Rescue Plan Act will offset operating losses driven by low ridership and weak tax collections.</li><li><a href="https://www.moodys.com/research/Public-Finance-US-Covids-hit-to-womens-employment-poses-economic--PBM_1267604?cid=87UF9PRIEEX13505" target="_blank">Public Finance – US: Covid's hit to women's employment poses economic, social risks across public finance</a> - The pandemic has slowed trends toward gender equality, eroding gains in women's earning potential. The economic and social risks to public finance vary but are credit negative overall.</li></ul><p><strong>Webinar Series: </strong></p><p><strong>MAY 18 - JUNE 17 | US Housing & Housing Finance Executive</strong></p><p>Join us for a series of spotlight discussions with senior leaders from a range of industries with exposure to the booming US housing market, from financial institutions, home builders and housing REITs, to home improvement retailers, real estate brokers, and housing finance agencies.<br /><a href="https://moodys.wavecast.io/housing/session-list" target="_blank"><strong>REGISTER TODAY! </strong></a><br /> </p>
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      <pubDate>Thu, 13 May 2021 11:00:00 +0000</pubDate>
      <author>podcasts@moodys.com (Marcia Van Wagner, Val Gomez, Nick Samuels, Ken Kurtz, Baye Larsen)</author>
      <link>https://moodys-talks-muniland.simplecast.com/episodes/federal-aid-improves-us-mass-transit-prospects-barriers-to-gender-equality-weigh-on-public-finance-csVLhQya</link>
      <content:encoded><![CDATA[<p>Baye Larsen and Ken Kurtz of the US Public Finance team discuss how federal aid is buoying mass transit, but that a new normal awaits, with sector-wide ridership settling in below pre-pandemic levels. Plus, Val Gomez and Marcia Van Wagner explain how the pandemic has slowed progress toward gender equality in the labor force with implications for tax revenue and the housing market.</p><p><strong>Inside this episode:</strong></p><ul><li>Baye Larsen and Ken Kurtz of the US Public Finance team discuss how federal aid is buoying mass transit, but that a new normal awaits, with sector-wide ridership settling in below pre-pandemic levels. <i><strong>(begins at 1:25) </strong></i></li><li>Val Gomez and Marcia Van Wagner explain how the pandemic has slowed progress toward gender equality in the labor force with implications for tax revenue and the housing market. <i><strong>(begins at 11:54)</strong></i></li></ul><p><strong>Related content:</strong></p><ul><li><a href="https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1278554&cid=3ECMGYLVU813503" target="_blank">Mass Transit – US Outlook improves to stable with substantial federal aid and likely rebound in tax revenue</a> - Federal assistance for transit in the 2021 American Rescue Plan Act will offset operating losses driven by low ridership and weak tax collections.</li><li><a href="https://www.moodys.com/research/Public-Finance-US-Covids-hit-to-womens-employment-poses-economic--PBM_1267604?cid=87UF9PRIEEX13505" target="_blank">Public Finance – US: Covid's hit to women's employment poses economic, social risks across public finance</a> - The pandemic has slowed trends toward gender equality, eroding gains in women's earning potential. The economic and social risks to public finance vary but are credit negative overall.</li></ul><p><strong>Webinar Series: </strong></p><p><strong>MAY 18 - JUNE 17 | US Housing & Housing Finance Executive</strong></p><p>Join us for a series of spotlight discussions with senior leaders from a range of industries with exposure to the booming US housing market, from financial institutions, home builders and housing REITs, to home improvement retailers, real estate brokers, and housing finance agencies.<br /><a href="https://moodys.wavecast.io/housing/session-list" target="_blank"><strong>REGISTER TODAY! </strong></a><br /> </p>
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      <pubDate>Thu, 8 Apr 2021 12:47:49 +0000</pubDate>
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