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Solve the following problem using Python, implementing the functions described below, one line at a time
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Description:
 def _initialize_logging():
 """ Initializes the Application logging. """


    # Starting the console handler if a terminal is available.
    if sys.stdout.isatty() or platform.system() in ("Darwin", "Linux"):
        RuntimeGlobals.logging_console_handler = foundations.verbose.get_logging_console_handler()

    # Defining logging formatters.
    RuntimeGlobals.logging_formatters = {"Default": foundations.verbose.LOGGING_DEFAULT_FORMATTER,
                                         "Extended": foundations.verbose.LOGGING_EXTENDED_FORMATTER,
                                         "Standard": foundations.verbose.LOGGING_STANDARD_FORMATTER}