Hernia Int’l Performs ‘Free Surgeries’ on 208 Patients

first_imgThe doctors posed shortly after the farewell ceremonyAn International humanitarian organization known as “Hernia International” in collaboration with the E&J Medical Center in Ganta, Nimba County, has completed another phase of “free surgical service” on patients with hernia-related diseases.The medical team of doctors from Spain was headed by Dr. Ceasar Rimarer. They performed 208 surgeries on those with hernia-related cases from April 20 – 29, 2018.Children who were diagnosed of hydrocele and women with umbilical hernia were among patients that benefited from the operation. A hydrocele is a type of swelling in the scrotum that occurs when fluid collects in the thin sheath surrounding a testicle. It is common in newborns and usually disappears without treatment by age 1, a medical research has shown. The operation brought relief to hundreds of underprivileged people, who have been suffering from the disease without any hope of treatment due to lack of money for many years.“I thank these doctors and E&J family for providing the free service for us,” said one Evelyn, a mother of a 7-year-old boy who benefited from the exercise.In November 2017, a team of doctors from Slovenia, representing Hernia International, also conducted “free surgical operation” for people with the disease at the same venue.Some of beneficiaries waiting in OPDThe team’s visit  marked the fourth since the E&J Medical Center, in collaboration with Hernia International, began the free medical operation.Meanwhile, the Chief Executive Officer of the hospital Representative Jeremiah Koung has also thanked the Spanish team for the operation, adding, “nobody can pay for what you have done.”The hospital’s administrator Victor Kpaiseh gave one of the Spanish doctors a traditional name, “Luah,” which in the Dan language means blessing. The name “Luah” derived from the way the doctor was directing members of the team to remain focus as they performed each of the hernia cases.Kpaiseh then called on members of the team to always remember the hospital and consider it as their own.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

Fed Chair Yellen Addresses Bank Concerns Possible December Interest Rate Hike

first_img Federal Reserve Chair Janet L. Yellen testified before the House Financial Services Committee Wednesday morning to discuss supervision and regulation among U.S. financial institutions, but the looming interest rate hike was the subject no one could resist touching on.Yellen appeared before the Committee due to President Obama’s failure to appoint a Vice Chairman for Supervision at the Federal Reserve, a requirement of the Dodd-Frank Act, which was signed into law five years ago.As a requirement of the Dodd-Frank Act, the position is supposed to be filled by a person appointed by the President and confirmed by the Senate.“Dodd-Frank’s massive expansion of the Federal Reserve’s authority has made the Fed America’s most powerful regulatory agency as well as our nation’s central bank,” said Chairman Jeb Hensarling (R-Texas), House Financial Services Committee. “President Obama’s inability or unwillingness to fulfill this requirement of Dodd-Frank and appoint a Vice Chair for Supervision deprives Congress of an important opportunity to conduct effective oversight and hold the Fed accountable. That’s simply unacceptable. Until the president appoints someone, we will have Chair Yellen testify and answer our questions.”Chairman Hensarling announced in late October that Yellen would testify before the Committee to talk about pressing concerns surrounding banks including regulation, stress testing, interest rates, compliance, community banks, and a host of other topics.Federal Reserve Chair Janet L. YellenChair Yellen began her testimony by identifying some goals of the financial system, which included strength, resiliency, and the ability to serve a healthy and growing economy.“Today we aim to regulate and supervise financial firms in a manner that promotes the stability of the financial system as a whole,” she said. “This shift in focus has led to a comprehensive change in our regulation and supervision of large financial institutions.” —Fed Chair Janet L. Yellen Chair Yellen added, “We have introduced a series of requirements for large banking organizations that reduce the risks to the system and our economy that could result from the failure or distress of these institutions. In addition, we have made changes in our supervision that now allow us to supervise large financial institutions on a more coordinated, forward-looking basis.”In terms of imbalanced supervision, Chair Yellen said in her testimony that the Fed takes it very seriously and has made fulfilling the supervisory role an important responsibility.“Congress created that position and I welcome having it filled,” Chair Yellen noted. Until this happens, she mentioned that Fed Governor Daniel Tarullo has done “an outstanding job of leading or work in this area.”Regulation among banks was another hot-button topic during the testimony.Chair Yellen identified several reforms that have been put in place to address risks from large banks, but the possibility of failure of these large banks persists.“Taken as a whole, the reforms we have adopted since the crisis, including those mandated by the Dodd-Frank Act, represent a substantial strengthening of the regulatory framework for the largest financial institutions and should help ensure that the U.S. financial system remains able to fulfill its vital role of supporting the economy,” she said. “Our supervisory approach is more comprehensive and forward-looking while also tailored to fit the level of oversight to the risks and scope of the institution.”Interest rates nearly took center stage in this banking testimony as Chair Yellen noted that the domestic economy is “pretty strong” and the “gradual rise in rates should not derail the housing market.””Employment is going up, income is going up, [consumers] are in better shape to form households,” she explained. “If labor market improves, inflation will move up. December sounds incrementally more likely, but hinges on jobs reports.”However, Democrats on the Committee were adamant about holding off on the rate hike. Rep. Brad Sherman (D-California) told Chair Yellen that “God does not want you to raise interest rates until May.”In the midst of Chair Yellen’s testimony, U.S. stocks “wavered” and the Dow Jones Industrial Average fell 11 points, or 0.1 percent, to 17908. The S&P 500 was mostly flat and the Nasdaq Composite added 0.1 percent, according to the Wall Street Journal.Chair Yellen wrapped up her testimony by noting that there is more work to be done, but she hopes that changes that have taken place can been seen by all.“We know our work is not complete. In the coming year we anticipate moving forward on other rulemaking initiatives that will complement the steps we have already taken,” she concluded. “The Federal Reserve is committed to remaining vigilant, diligent, and forward-looking as a regulator and supervisor of the financial institutions that serve our economy. We will do everything we can to fulfill the responsibility that has been entrusted to us by the Congress and the American public.”Click here to watch the testimony.Click here to read Chair Yellen’s testimony. Fed Chair Yellen Addresses Bank Concerns & Possible December Interest Rate Hike Banks Chair Janet L. Yellen Federal Reserve Regulatory Supervision 2015-11-04 Staff Writer November 4, 2015 463 Views center_img in Daily Dose, Government, Headlines, News Sharelast_img read more