resilience

L.A. Community College Board of Trustees: Last-minute election guide

The Los Angeles Community College District is the largest community college district in the nation, serving 200,000 students with a budget of $10 million.

Voters will elect three members to the board.

Seat 2

Steven F. Veres

Veres is a member of the Los Angeles Community College District Board of Trustees and works as a state political adviser. He says he has worked to strengthen job training programs and improve graduation rates and wants to make college as affordable as possible.

Robert Payne

Payne taught at L.A. Mission College, worked on movie crews and ran an import business. He would focus on low enrollment growth. He also wants to make community colleges “cheaper, faster, better” in part by offering students more training for specific jobs and less expensive online textbooks.

Kristina Irwin

Irwin serves on the general advisory board at Santa Monica College. She previously served on the board of trustees at Palisades Charter High School. She wants to offer students more tools to succeed in college and to establish “preentry” programs in every local high school to better prepare students for community college.

Adriana Cabrera

Cabrera served as president of the Central Alameda Neighborhood Council and co-founded Empowering Youth in South Central. She wants to make student services easier to navigate and to strengthen financial aid and other support, including for food, housing, child care and mental health.

Roy Payan

Payan has suspended his campaign.

Seat 4

Nancy Pearlman

Pearlman is an environmentalist who served on the LACC Board of Trustees from 2001 to 2017 and taught part time at all nine colleges. She would focus on improving low enrollment while ensuring students are given the necessary support and resources to succeed. She also cites the need to make sure faculty receive equal pay.

Darryn Harris

Harris is a government and community affairs officer for St. John’s Community Health and teaches at Santa Monica College. Harris wants to tackle the affordability crisis blocking student achievement by building more low-cost housing on district land and making it “easier for students to get help with food, transportation, child care, and other basic needs.”

Adam Bruno

Bruno has worked as a therapist helping children and been a community college student. His main goals are to increase enrollment and make it easier for students to afford college. He’d explore student stipends as a way to make community college more affordable.

Elaine Alaniz

Alaniz serves as a public affairs specialist with the U.S. Small Business Administration’s Office of Disaster Recovery and Resilience. She wants to better prepare students for a changing workforce and ensure classroom instruction “keeps pace with a rapidly changing workforce” in the age of artificial intelligence and other technologies.

Isidro J. Armenta

Armenta did not reply to The Times’ survey.

Priscilla Umana

Umana works as an American Sign Language interpreter. She says the district’s biggest challenge “is the high percentage of students experiencing housing insecurity, homelessness, and food insecurity.” She would work with the district to expand affordable housing, work-study opportunities and food aid.

Jason R. Aula

Aula has worked as a political campaign consultant and in the world of mobile apps. He considers fraud a major issue including people posing as community college students to steal financial aid. He proposed a moratorium on noncitizens attending district schools and a focus on pandemic learning loss.

Seat 6

Gabriel Buelna

Buelna serves on the board of trustees. He also is an attorney and teaches history and political science at Cal State Northridge. He said a key issue is making college more affordable to students and ensuring that they graduate. He also said the board must conduct strong fiscal oversight of the billions in voter-approved bond funds.

Tonia Arey

Arey has worked in real estate, public advocacy and community engagement. Arey would work to implement campus safety plans, support additional academic advising and career education and more closely “examine spending, contracts, program outcomes and administrative costs to ensure resources reach classrooms and directly support students.”

Randall Winston

Winston works as a licensed architect and attorney and serves as Los Angeles’ deputy mayor of infrastructure and climate resilience under Mayor Karen Bass. Winston’s priorities for the district include ensuring colleges are a pathway to opportunity and good jobs, that students can afford basic needs and people historically shut out of higher education are let in.

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Taleh Kazimov: Shoring Up Resilience

Taleh Kazimov, governor of the Central Bank of the Republic of Azerbaijan, discusses the central bank’s drive to modernize the banking system and how it supports economic diversification.

Global Finance: How well armored is Azerbaijan’s monetary framework against today’s global risks?

Taleh Kazimov: Azerbaijan is an open, small economy; in 2025, trade turnover reached 79.8% of GDP. Energy prices work through three channels that do not point the same way. Directly, a U.S.$10 rise in the oil price adds roughly U.S.$1.2 billion to the current account, and a U.S.$50 rise per thousand cubic meters of gas, about US$900 million.

The second channel runs the opposite way; around 80% of our non-energy imports come from energy-importing economies, so a 10% oil-price increase raises trading-partner inflation by roughly 0.67%. Here, the nominal effective exchange rate absorbs much of the pressure. The third channel runs through the valuation of strategic assets. Netting the three, the overall effect remains clearly positive.

The framework rests on three pillars.

Exchange rate stability is the key nominal anchor; where trade is the dominant transmission channel, a stable nominal rate neutralizes much imported inflation and expectations stay anchored within our corridor of 4%, plus or minus 2 percentage points. Second, an interest rate corridor with standing facilities ensures policy decisions transmit predictably. Third is the buffer stock; strategic reserves rose U.S.$700 million this year to U.S.$85.8 billion at end-June, exceeding 125% of GDP and covering close to 400% of broad money.

GF: What are your priorities for modernizing the framework?

Kazimov: The objective is unchanged: price stability. Our baseline projects inflation at 6.1% at end-2026 and 5.8% at end-2027: both inside the band, with upside risks on the supply side. The priority is not a change of objective but strengthening and deepening interest rate transmission while preserving exchange rate stability as the primary anchor, with interbank rates as the auxiliary anchor for domestic inflation.

Since September 2022, we have built an active interbank money market from the ground up. AZIR, the overnight unsecured benchmark, has been our secondary operational target for over a year, with the average spread to the policy rate now about four basis points. Last year, the European Bank for Reconstruction and Development issued floating-rate notes referenced directly to AZIR, which is a stronger endorsement.

We have three priorities: strengthening passthrough to market rates; deepening capital and money markets by expanding instruments referenced to AZIR, including the yield curve; and upgrading forecasting through data analytics and AI. I would add a fourth, easily overlooked: communication. Credibility remains a central bank’s most valuable asset.

GF: How would you evaluate the success of the Financial Sector Development Strategy 2024-2026, the central bank’s modernization plan?

Kazimov: We designed the strategy around measurable priorities across every major segment and committed to publishing annual progress reports. That matters as much as the targets, because a strategy whose execution is not measured externally converges on whatever is easiest to accomplish. The execution rate reached 81.8% in 2024 and 85.6% in 2025.

Behind those achievements lies substantive change: reforms aimed at improving transmission through the interest-rate channel, strengthening the stability of the financial sector, modernizing payment infrastructure, fostering digital financial innovations, and introducing a green taxonomy.

GF: Economic diversification away from the energy sector remains a national priority. How is it proceeding?

Kazimov: The six-month data illustrate the composition. The non-oil share remains solid at around 70%. Construction contracted 13% while transport and logistics expanded 8%, information and communication 7.5%, and non-oil industry 4.1%. This is precisely the reallocation we want: activity moving into tradable sectors that earn foreign exchange. During the first six months of the current year, investment in the non-oil sector increased by 5.5%, primarily driven by a 20.8% increase in private-sector investment, which offset a 3.8% decline in public investment.

Monetary policy can support but not deliver diversification. What we can do is provide the conditions: stable prices, a stable exchange rate, a sound banking system, and a market capable of transforming long-term savings into productive investment. Structural reforms on the 2027–2030 economic agenda will determine the pace [of diversification]. Our contribution is to ensure macroeconomic and financial stability.

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Emir says Qatar has shown resilience in face of ‘exceptional events’ | Politics News

Sheikh Tamim bin Hamad Al Thani says Qatar has demonstrated its strength and cohesion.

Qatar’s Emir Sheikh Tamim bin Hamad Al Thani has told the Shura Council that the region has faced “exceptional events”, following months of instability amid the United States-Israeli war on Iran.

Speaking in the Qatari capital, Doha, on Tuesday morning, Sheikh Tamim said the events had demonstrated the strength and cohesion of the country’s state institutions.

“Our country and the region have faced exceptional events that have once again proven the cohesion of state institutions,” the Emir said.

Qatar has found itself caught up in the war, which began on February 28 and has triggered a global energy crisis. The Gulf state has been directly attacked by Iran on several occasions, including in March, when Tehran struck Qatar’s Ras Laffan gas facility, the world’s largest liquefied natural gas (LNG) production site.

Sheikh Tamim said Qatar had been able to absorb the consequences of the regional instability due to policies implemented before the war, stressing that Doha’s preference was to resolve conflicts through peaceful means and dialogue. However, the Emir maintained that the Gulf Cooperation Council’s (GCC) security was non-negotiable.

“The security of the Gulf Cooperation Council states and the preservation of their sovereignty is a matter that cannot be compromised on,” he said.

The war on Iran has disrupted global supply routes, particularly the Strait of Hormuz, which Tehran has effectively blocked since the start of the conflict.

Sheikh Tamim said efforts to safeguard maritime routes must be increased.

“Efforts must be doubled to secure navigation in the Gulf and the Strait of Hormuz and to protect energy facilities and civilian infrastructure.”

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