The NCAA basketball tournament starts on Wednesday. That means it's time for everyone’s favorite office distraction: filling out your bracket for the office pool.
It is impossible to know what would have happened had Treasury Secretary Janet Yellen, Federal Reserve Chairman Jerome Powell, and Federal Deposit Insurance Corporation Chairman Martin Gruenberg not announced on Sunday that they would guarantee all depositors' assets at the Silicon Valley Bank, including accounts greater than $250,000.
In the diplomatic understatement of the year, U.S. Ambassador to Israel Tom Nides stated last month that the United Nations Relief and Works Agency for Palestine Refugees in the Near East, the U.N. body tasked with helping so-called Palestinian refugees, “has serious flaws.” Then, during a March 1 hearing on Capitol Hill, Ambassador to the U.N. Linda Thomas-Greenfield asserted that the proven misuse of UNRWA facilities for terroristic purposes “is absolutely unacceptable.”
The unions' power has long kept Empire State educational results mediocre even though the state spends more than twice the national per-pupil average on...
Republicans and Democrats may posit their own political reasons why Silicon Valley Bank collapsed like a dying star — a “woke” obsession with ESG, corporate greed, venture capitalists orchestrating a bank run — but the real reason is much scarier, if only because the entire finance industry has bought into the delusion. From its nondiversified choice of clientele to its ultimately shortsighted “long term” investing strategy, SVB was guided by the pipe dream that the money printer would never stop.
