Can the chaos from Silicon Valley Bank’s
fall be contained?
Posted By: Dreadnought, 3/12/2023 4:06:32 PM
NEW YORK — Can Washington come to the rescue of the depositors of failed Silicon Valley Bank? Is it even politically possible? That was one of the growing questions in Washington Sunday as policymakers tried to figure out whether the U.S. government — and its taxpayers — should bail out a failed bank that largely served Silicon Valley, with all its wealth and power. Prominent Silicon Valley personalities and executives have been hitting the giant red “panic” button, saying that if Washington does not come to the rescue of Silicon Valley bank’s depositors, more bank runs are likely this week. “Either deposits in the U.S. are safe or they’re not.
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A giant seaweed blob so large it can be seen from space is threatening to transform beaches along Florida’s Gulf coast into a brown morass, scientists say.
The 5,000-mile-wide sargassum bloom — believed to be the largest in history at twice the width of the continental US — is drifting ominously toward the Sunshine State, NBC News reported. “It’s incredible,” Brian LaPointe, a research professor at Florida Atlantic University’s Harbor Branch Oceanographic Institute, told the news outlet.
“What we’re seeing in the satellite imagery does not bode well for a clean beach year,” he added.
The thick algae mats are mostly harmless as they drift between Africa’s western coast and
Former President Donald Trump is intensifying his attacks on Florida Gov. Ron DeSantis, calling him disloyal and saying that his political career would have been over had he not endorsed his ultimately successful 2018 campaign.
“He was dead as a dog, he was a dead politician. He would have been working perhaps for a law firm or doing something else,” Trump told a small group of reporters aboard his plane on Monday afternoon en route to Iowa, where he was to make an appearance that evening.
Asked if he regretted endorsing DeSantis for governor in 2018, Trump responded: “Yeah maybe, this guy was dead. He was dead as a doornail.
The past few weeks has proven that the freedom of speech enshrined under the First Amendment is under assault by our government. Independent Journalists Matt Taibbi and Michael Schellenberger‘s March 9 testimony before the House Select Subcommittee on the Weaponization of the Federal Government revealed just how determined Democrats in Congress are in silencing any speech that they do not agree with and any platform that chooses to disseminate said speech. Both Taibbi and Schellenberger are progressive Democrats who voted for Joe Biden. Yet, because they hold the First Amendment and truth as a higher standard than political agendas and allegiances, they have been maligned and targeted as disinformation agents.
Sen. Tom Cotton (R-AR) said in a tweet Monday that the Biden administration refused to commit to not bailing out Chinese companies that invested in Silicon Valley Bank (SVB) with American taxpayer money.
“It’s well known that SVB funneled American money into Chinese companies,” Cotton tweeted. “I pressed the Biden administration today to commit not to bailout Chinese companies with money from Arkansas’s taxpayers, but they refused. Which tells you that’s exactly what President Biden plans to do,” he said. Silicon Valley Bank had supported many start-up companies, including those from China, according to a CNBC report.
Rice University Study: Trump Policies
Cut Illegal Immigration, Biden Policies
Encourage Inflow 10 replies
Cut Illegal Immigration, Biden Policies
Encourage Inflow 10 replies
Former President Donald Trump’s policies at the United States-Mexico border helped deter illegal immigration, while President Joe Biden’s policies are encouraging record-setting inflows, a new study suggests.
The study, conducted by Rice University’s Baker Institute for Public Policy, compares the size and scale of migrant caravans under Trump versus those that have arrived under the Biden administration. Trump’s policies, which included the Remain in Mexico program, eliminating the Catch and Release process, and imposing the Title 42 public health authority, served as a deterrent for border crossers and illegal aliens, the study found.
The U.S. government may have made duplicate payments for projects at labs in Wuhan, China, through the National Institutes of Health (NIH) and U.S. Agency for International Development (USAID), according to records reviewed by CBS News.
"What I've found so far is evidence that points to double billing, potential theft of government funds. It is concerning, especially since it involves dangerous pathogens and risky research," said Diane Cutler, a former federal investigator with over two decades of experience combating white-collar crime and healthcare fraud.
Cutler found evidence of possible double payments as she investigated U.S. government grants that supported high risk research in China leading
The hits just keep on coming for Due Diligence Group, the Democrat-aligned group that has been found to have requested the military records of Republican political candidates. Congressmen Don Bacon of Nebraska and Zach Nunn of Iowa already learned that the group sought their Air Force records without their consent. Now another person has come forward. Abraham Payton of Due Diligence Group sought the National Guard records of New York Assemblyman Colin Schmitt last summer when he was running for Congress. The group was definitely up to more activities of this type and we almost certainly do not have the full list of victims yet. (Politico)
Uber and Lyft shares rise after California
court victory lets them classify drivers
as contractors 1 reply
court victory lets them classify drivers
as contractors 1 reply
Ride-sharing apps, including Uber and Lyft, can continue to treat their drivers as independent contractors, a California appeals court ruled on Monday, overturning a lower-court decision that barred them from doing so.
In Nov. 2020, California voters approved Proposition 22, which allowed ride-sharing and delivery app makers to classify their drivers as independent contractors. A California judge ruled the proposition unconstitutional in 2021, arguing that it infringed the legislature's power to set standards at the workplace. The state and a group representing the companies and other parties appealed that decision, and Monday's ruling came down in their favor.
U.S. regulators are planning to try again to auction failed Silicon Valley Bank, after they were unable to find a buyer over the weekend, the Wall Street Journal reported on Monday, citing people familiar with the matter.
Federal Deposit Insurance Corp (FDIC) officials told Senate Republicans that they had additional flexibility to sell the firm now that SVB's failure had been declared a threat to the financial system, the report said.
That could help regulators offer potential buyers deal sweeteners such as loss-sharing agreements, the report added. U.S. authorities launched emergency measures on Sunday to shore up confidence in the banking system after the failure of Silicon Valley Bank threatened
This morning, Joe Biden addressed the bank collapses, including Silicon Valley Bank and Signature Bank. As we reported on Sunday, the Federal Reserve Board assured depositors that they would have full access to their money on Monday.
The purpose of that move and Biden’s speech was to try to assure Americans that the banking system was safe.
“You can have confidence that the banking system is safe,” Biden said during his remarks. “Your deposits will be there when you need them.”
That’s what he needed to say.
But then, because he’s Biden he just can’t leave things alone and stick to reality.
“I am going to ask Congress
“Everything Everywhere All at Once” was named best picture at the 95th Academy Awards on Sunday, capping off an improbable awards season run by winning the movie business’s highest honor.
The film, a gonzo adventure about a Chinese-American laundromat owner grappling with an IRS audit and inter-dimensional attackers, earned seven statues, including original screenplay and directing honors for its creators Daniel Kwan and Daniel Scheinert (collectively known as the Daniels). The victory is a triumph for A24, the indie studio that pushed the zany film to an impressive $100 million at the box office, a stunning achievement at a time when the market for arthouse movies has shriveled.
The Goonies star Ke Huy Quan celebrated the “American Dream” during his Oscars acceptance speech on Sunday after citing his journey from a boat to a refugee camp as the son of South Vietnamese immigrants.
“My journey started on a boat. I spent a year in a refugee camp and somehow, I ended up here, on Hollywood’s biggest stage. They say stories like this only happen in the movies. I cannot believe it’s happening to me. This is the American Dream,” Ke Huy Quan said. Quan’s family fled from Saigon, South Vietnam, three years after communism overtook the country in the wake of the United States fully withdrawing its presence there.
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“Everything Everywhere All at Once” was named best picture at the 95th Academy Awards on Sunday, capping off an improbable awards season run by winning the movie business’s highest honor.
The film, a gonzo adventure about a Chinese-American laundromat owner grappling with an IRS audit and inter-dimensional attackers, earned seven statues, including original screenplay and directing honors for its creators Daniel Kwan and Daniel Scheinert (collectively known as the Daniels). The victory is a triumph for A24, the indie studio that pushed the zany film to an impressive $100 million at the box office, a stunning achievement at a time when the market for arthouse movies has shriveled.
President Biden on Monday blamed the collapse of Silicon Valley Bank and closure of Signature Bank on former President Trump's 2018 decision to scrap some Obama-era banking regulations. "Unfortunately, the last administration rolled back regulations," Biden said. Biden also offered assurances that the U.S. banking system is "safe and secure." "Americans can have confidence that the banking system is safe," Biden said in remarks at the White House before leaving for a three-day visit to California and Nevada. The president said he planned to ask Congress and bank regulators to restore Obama-era rules that were put in place to prevent
Even as Jan. 6 Narrative Implodes, Pence
Still Blames Bad Orange Man for Endangering
His Life 28 replies
Still Blames Bad Orange Man for Endangering
His Life 28 replies
Mike Pence is running hard to be the Mitt Romney of 2024, the controlled opposition establishment Republican nominee who will run for president and lose gracefully. Or if he somehow wins, he will do the Left’s bidding, but in a restrained, ostensibly conservative way. The formerly genuine conservative Pence showed that again Saturday at the Gridiron Club dinner in Washington, an annual event where speakers usually keep things light. The famously stone-faced former veep may have been incapable of cracking jokes, but he sure went all-in on making his remarks as heavy as possible and signaling that he would happily carry water for the Left,
‘As bad as we thought’: James Comer
says docs show ‘Biden family was getting
money from CCP’ 25 replies
says docs show ‘Biden family was getting
money from CCP’ 25 replies
House Oversight Committee chair James Comer claimed Sunday on Fox News that he has evidence proving that President Joe Biden’s family has profited from the Chinese Communist Party.
Watch part one below:(Video) Appearing on Fox News’ “Sunday Morning Futures,” he was asked by host Maria Bartiromo what he’d learned in the last two weeks since he was on the show.
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“We’ve had a very good two weeks. We are finally having people cooperate with us. I think we all know the Biden administration is stone-walling. Janet Yellen is stonewalling, not turning over the bank violations,” he replied.
“But fortunately, since we’ve last spoken, we actually have bank records in hand.
Former President Donald Trump is intensifying his attacks on Florida Gov. Ron DeSantis, calling him disloyal and saying that his political career would have been over had he not endorsed his ultimately successful 2018 campaign.
“He was dead as a dog, he was a dead politician. He would have been working perhaps for a law firm or doing something else,” Trump told a small group of reporters aboard his plane on Monday afternoon en route to Iowa, where he was to make an appearance that evening.
Asked if he regretted endorsing DeSantis for governor in 2018, Trump responded: “Yeah maybe, this guy was dead. He was dead as a doornail.
Another so-called “conspiracy theory” appears to be coming true — this time, regarding voting and the 2024 elections.
A coalition comprised of more than 50 left-wing organizations — including AARP, the ACLU, the Freedom From Religion Foundation, the League of Women Voters, and the NAACP — is pushing the Biden administration to increase voter registration and turnout among new immigrants and those who are currently in federal custody awaiting their trials ahead of the all-important 2024 elections. The Leadership Conference on Civil and Human Rights published a progress report titled “Strengthening Democracy,” in which it calls on federal agencies to “work quickly to do everything they can” to
The Biden Economy — hailed Monday morning by Presidentish Joe Biden as “strong” — seems like it’s falling apart, everything, everywhere all at once. NYSE halted trading of Charles Schwab, whose shares fell by more than 20%, and even a few Etsy sellers have been impacted by the fallout of Silicon Valley Bank’s (SVB) collapse.
Schwab’s fall was the firm’s “most ever on an intraday-basis,” even as company execs assured investors in a press release that “Schwab’s long-standing reputation as a safe port in a storm remains intact.”
Overall, trading of shares in over 30 banks was halted on Wall Street Monday morning, as the entire sector suddenly looks like a risk
Former White House press secretary-turned-MSNBC host Jen Psaki revealed on Monday that President Joe Biden is a "night owl."
According to her, his early morning remarks at 9 a.m. show just how "vital" he considers the Silicon Valley Bank collapse to be. It is important to note President Biden does nothing at 9 a.m. He is a night owl. So, the fact that he is doing this at 9 a.m. anyway speaks to how vital the White House recognizes it is for him to have his voice out there conveying that to the American public," she said on Morning Joe, prior to the president's speech.
Psaki added that
Stanford University has apologized to a Trump-appointed judge who faced an embarrassing protest by a woke student mob - joined by the school's dean of 'equity' - after he was invited to speak at the college's Law School.
Judge Kyle Duncan, from the fifth circuit of appeals, was ambushed by associate dean of equity, diversity and inclusion Tirien Steinbach during a discussion Thursday night.
Steinbach - a former ACLU lawyer who previously defended free speech - initially claimed Duncan had a right to express his views. But she then launched into an impassioned six minute speech - which she had written down - condemning his life's work.
The Trump-appointed judge who was heckled by law students at Stanford and the school's dean of inclusivity has spoken out to slam their ultra-woke stunt and attack on his free speech, saying none of them are fit to work in America's legal system.
Fifth Circuit Court of Appeals Judge Kyle Duncan had been invited to speak about 'COVID, Guns and Twitter' at Stanford Law's Federalist Society last week.
When he got there, he was interrupted and 'mercilessly' mocked by a group of liberal students. They were egged on by the school's dean of 'equity', Tirien Steinbach, who took to the lectern in an effort to humiliate Duncan, a conservative judge
Tirien Steinbach helped derail a talk by a federal judge. The school says the talk's organizers should contact her for 'support.' Hours after Stanford University apologized to Fifth Circuit appellate judge Kyle Duncan for the disruption of his talk last week, administrators encouraged members of the law school's Federalist Society chapter, which sponsored Duncan's visit, to "reach out" to the same administrators—including the diversity dean—who aided and abetted the melee.
Jimmy Kimmel once again proved to be ratings poison, with Sunday night’s Oscar telecast drawing a pathetic 16 million (give or take) viewers.
These early numbers could increase when the final numbers hit Tuesday.Regardless, Roger Friedman is embarrassing himself with his “Oscars are Back!” headline. How could the Oscars be back when last year 16.6 million tuned in, and that was a catastrophe—when that was the second-lowest viewership in Oscar telecast history?
Here’s a look at the last decade:
2013: 40.3 million
2014: 43.7 million
2015: 37.3 million
2016: 34.4 million
2017: 32.9 million