U.S. regulator planning another SVB auction
- WSJ
Posted By: Dreadnought, 3/13/2023 6:16:58 PM
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
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Matthew Morales boarded the Metro Red Line at MacArthur Park as classical music blared over the station loudspeakers.
It was rush hour on a Tuesday afternoon, and Morales made his way to a back corner seat and unfolded a tiny piece of foil with several blue shards of fentanyl. As the train started west, he heated the aluminum with a lighter and sucked in the smoke through a pipe fashioned from a ballpoint pen.
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Ron DeSantis is causing waves after answering a questionnaire on the conflict between Ukraine and Russia.
Fox News host Tucker Carlson sent the inquiry to all of the announced and presumed 2024 Republican presidential candidates, asking them what their views on the current war are. DeSantis bucked the establishment trend on both sides of the aisle and didn’t spew proclamations about defending democracy (which is definitively not why we are involved in Ukraine). Instead, he pointedly said it is not in US interests to become “further entangled” in the fight, which he described as a “territorial dispute.”
Republicans hold a dour outlook on the country and prioritize finding a 2024 nominee who shares their views on major issues over one with a strong chance to defeat President Joe Biden, according to a new CNN poll of Republicans and Republican-leaning independents conducted by SSRS. The survey suggests sharp divisions within the potential GOP electorate by age, education, ideology and geography, as well as between Donald Trump backers locked into their choice and a more movable group in search of an alternative.
Just 30% of all Republicans and Republican-leaners say the country's best days are still ahead of it -- a dramatic shift from 2019, when Trump
Brothers in Jussie Smollett hoax break
silence, say actor wanted to be 'poster
child for activism' 4 replies
silence, say actor wanted to be 'poster
child for activism' 4 replies
Early in the morning hours of a polar vortex in January 2019, FOX's "Empire" actor Jussie Smollett claimed two White supremacist Trump supporters attacked him near his Chicago apartment in a racially-motivated hate crime that would soon incite outrage from activists and the media.
It's the "hate crime" that dominated headlines, but facts proved none of it was true.
In December 2021, the now-40-year-old actor and singer was convicted of five felony counts of disorderly conduct. One year ago, he was sentenced in March 2022 to 150 days in county jail.
Brothers Abimbola "Bola" and Olabinjo "Ola" Osundairo, Smollett's accomplices in the act, finally broke their silence
Florida Gov. Ron DeSantis, a potential Republican presidential candidate, broke with many in his party Monday and told Fox News host Tucker Carlson that protecting Ukraine is not a "vital" national interest for the U.S.
“While the U.S. has many vital national interests — securing our borders, addressing the crisis of readiness within our military, achieving energy security and independence, and checking the economic, cultural, and military power of the Chinese Communist Party — becoming further entangled in a territorial dispute between Ukraine and Russia is not one of them," DeSantis wrote in a questionnaire response Carlson posted on his Twitter feed.
U.S. bank stocks jumped on Tuesday, recovering some ground after the failure of Silicon Valley Bank and Signature Bank triggered heavy selling by investors who were already anxious about the impact on lenders of rising interest rates. Worries about potential contagion had also slammed bank shares in Asia and Europe as investors re-examined their risks, despite assurances from U.S. President Joe Biden and other global policymakers that the financial system is safe.
An indicator of credit risk among euro zone banks hit its highest since mid-July, while ratings agency Moody's cut its outlook on the U.S. banking system to negative from stable "to reflect the rapid deterioration in the operating environment".
Justice Department and SEC to probe stock
sales ahead of Silicon Valley Bank collapse,
report says 9 replies
sales ahead of Silicon Valley Bank collapse,
report says 9 replies
The US Department of Justice and the Securities and Exchange Commission are investigating the collapse of Silicon Valley Bank, The Wall Street Journal reports, citing people familiar with the matter.
The tech and start-up-focused lender based in Santa Clara, California, was taken over by regulators on Friday during a run on its deposits, making it the second-largest bank failure in US history. It is not unusual for there to be such investigations when large financial institutions or public companies collapse or suffer unexpected losses, but the separate probes will also look at stock sales that company bosses made days before the bank failed.
Shares in SVB Financial Group,
Facebook-parent Meta plans to lay off another 10,000 workers, marking the second round of significant job cuts announced by the tech giant in four months.
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In a Facebook post Tuesday, CEO Mark Zuckerberg said the job cuts will take place "over the next couple of months."
SAN DIEGO — President Joe Biden is expected to sign an executive order on Tuesday aiming to increase the number of background checks to buy guns, promote better and more secure firearms storage and ensure U.S. law enforcement agencies are getting the most out of a bipartisan gun control law enacted last summer.
The Democratic president plans to address his latest efforts to curb gun violence in a speech from Monterey Park, California. In January, a gunman stormed a dance hall in the community near Los Angeles and shot 20 people, killing 11, following a Lunar New Year celebration.
Biden’s rhetoric has only grown stronger around guns
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.
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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.
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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.
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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.
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Joe Biden is making his first appearance on The Daily Show since taking office as the president of the United States — and weighing in on attacks against LGBTQ+ Americans — sitting down with actor and former Obama administration staffer Kal Penn for a segment airing Monday night. (Snip) The president continues: "I turned and looked at my dad, and he said, 'Joey, it's simple, they love each other.' ... It's just that simple. It doesn't matter whether it's same-sex or a heterosexual couple, you should be able to be married. What is the problem?" Biden made history as the vice president in
Girls Basketball Team That Refused to
Play Against a Transgender Athlete Banned
From Sporting Events 35 replies
Play Against a Transgender Athlete Banned
From Sporting Events 35 replies
A private Christian school in Vermont that forfeited a girls’ basketball game against a team with a biological male “transgender” player has been banned from participating in upcoming sporting events. The Vermont Principals’ Association, which oversees school sporting events, announced on Monday that Mid Vermont Christian School would be ineligible to participate in sporting events and other activities done through the organization.
“The VPA again reiterates its ongoing support of transgender student-athletes as not only a part of building an inclusive community for each student to grow and thrive.
In his characteristically clumsy fashion, Old Joe Biden has revealed that former President Jimmy Carter has bestowed upon him a singular honor: “He asked me to do his eulogy — excuse me, I shouldn’t say that,” Biden said at a fundraiser in Rancho Santa Fe, California on Tuesday. When that day arrives, no matter how poorly Old Joe delivers what is certain to be a farrago of lies, half-truths, historical revisionism, and self-serving distortion, there will be a certain fitting aspect to the entire occasion: the previous holder of the title of Worst President in American History will be eulogized by the current holder of the title.
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Until a few months ago, Rep. Maxine Waters, (D-CA) was the chair of the House Financial Services Committee, and currently is the ranking member (snip) One would think that any sentient consumer of information – both from media and from Congressional sources – would understand the difference between silicon and silicone. (snip) Silicone... is a manmade... polymer, useful in many applications, including caulk and boob-enhancement, but is useless for manufacturing semiconductors. (snip) But somehow, I don't see her recaulking the bathrooms in her multi-million dollar Hancock Park mansion that's not even in her congresional district.
Senate Minority Leader Mitch McConnell (R-KY) was discharged from the hospital after a nasty fall last week. The incident occurred at a private dinner, and he was briefly hospitalized for a concussion. Based on reports from his staff, the leader for Senate Republicans was eager to get out of the facility. He will need to undergo physical therapy, which draws questions about the severity of his injuries, given his age (via NBC News):Senate Minority Leader Mitch McConnell, R-Ky., was "discharged from the hospital today," his communications director, David Popp, said in a statement Monday
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Facebook-parent Meta plans to lay off another 10,000 workers, marking the second round of significant job cuts announced by the tech giant in four months.
The latest layoffs, announced on Tuesday, come after Meta said in November that it was eliminating approximately 13% of its workforce, or 11,000 jobs, in the single largest round of cuts in the company's history.
In a Facebook post Tuesday, CEO Mark Zuckerberg said the job cuts will take place "over the next couple of months."
There has been some recent media buzz, as well as hope, about the possibility that former First Lady Michelle Obama might be persuaded to enter the 2024 presidential race. While that prospect is very unlikely – she has always rebuffed any notion that she might run for office – the enthusiasm is understandable. As the Democratic presidential nominee, or even the vice-presidential nominee, she would give Democrats their best chance at retaining the White House. (Snip) The majority of voters don’t want the 80-year-old Biden to run again, including a solid majority (57 percent) of Democratic voters. And that majority
Students at an all-female college attended by Nora Ephron and Hillary Clinton will vote on whether it can admit trans male students who were born female in a tense referendum on Tuesday.
Wellesley College in Massachusetts - which also counts Madeleine Albright among its alumni - already accepts admissions from 'anybody who lives and consistently identifies as a woman' including transgender females who were born male.
But now a landmark referendum, which has polarized students, will ask whether its application process should be open to individuals who were born women but now identify as transgender men.
Mexican president says Mexico safer than US
21 replies
Mexican President Andres Manuel Lopez Obrador claimed Mexico is safer than the United States.
Obrador made the comments amid increased scrutiny over violence in his country. The scrutiny comes after the violent kidnapping of four American tourists — two of whom were murdered.
“Mexico is safer than the United States. There is no issue with traveling safely through Mexico. That’s something the U.S. citizens also know, just like our fellow Mexicans that live in the U.S.,” the president said during a daily morning press briefing, CNN reported.
He pointed to the large number of American tourists who routinely visit the country as proof