Blogs
on August 26, 2025
Novak Djokovic said he had no regrets about missing tournaments at Indian Wells and Miami due to his Covid-19 vaccination status but hoped that he would be allowed into the United States later this year for the US Open.
The bank took big risks to grow quickly by gathering and investing money from a wide range of tech start-ups; its shareholders cheered, and its auditors and regulators did nothing to interfere. Indeed, regulators treated Silicon Valley Bank´s core strategy of investing in government bonds as essentially risk free, blind to the dangers posed by a rapid rise in interest rates. Regulators also should have limited the bank´s dangerous reliance on large, uninsured deposits. Yet the details of Silicon Valley Bank´s rise and fall are depressingly familiar.
The pooling of information has identified more than 11.5 million people who have moved across state lines and over 60 million potential voters who are unregistered. Postal Service and death records from the Social Security Administration.
March 23 (Reuters) - The United States has designated one former and two current Paraguayan officials for what Washington said was their involvement in "significant corruption," making the officials and their families ineligible for entry into the North American country.
The U.S.
action targets former director of the Paraguayan Civil Aviation Authority, Edgar Melgarejo, current member of the Paraguayan Panel for the Discipline of Judges and Prosecutors, Jorge Bogarin, and current Court Clerk Vicente Ferreira, State Department spokesperson Vedant Patel said in a statement.
In spring 2020, it raised another $1.3 billion in private capital to scale up manufacturing. Before the pandemic, Moderna developed its novel mRNA platform with $3.8 billion in private investment. Sanders claims that taxpayers paid to develop Moderna´s Covid vaccine, and the government thus should be able to dictate its price.
climate conference in Egypt last fall ended without an agreement to phase out fossil fuels. Oil companies, meanwhile, are backing off their commitments to fight climate change and transition to renewable energy as they rake in record profits from soaring fuel prices. Global energy-related carbon emissions reached a record high last year, and another U.N. In California, the permitting of new oil drilling continues unabated after petroleum companies spent $20 million to get a referendum to overturn a state law banning new wells near homes and schools.
President Biden last week approved the massive Willow oil drilling project in Alaska, giving ConocoPhillips permission to extract as much as 600 million barrels of oil over 30 years and breaking his campaign promise of "no more drilling on federal lands. China has been permitting new coal-fired power plants at a staggering rate of two per week. Period." (Yes, he said it four times for emphasis.)
Money raised from shareholders is called capital, and banks have far less of it than other kinds of companies. If, for example, banks were required to raise 20% of funding from shareholders, that would still be well below the norm for other kinds of companies but enough that it might have covered Silicon Valley Bank´s losses and saved the bank. They are allowed to borrow most of the money they use from lenders and depositors. Policymakers also need to recognize the limits of government oversight as a substitute for market discipline. Banks should be required to raise more money from shareholders, who have a strong incentive to keep an eye on the way that money is used, since they can lose all of it.
We can expect to overshoot that within about a decade unless we immediately switch to renewable energy and slash planet-warming pollution in half by 2030. More than a century of burning coal, oil and gas is catching up with us, and there´s little time to change course. The report, released Monday by the Intergovernmental Panel on Climate Change, warns that the planet is on track to blow past 1.5 degrees Celsius (2.7 degrees Fahrenheit) of warming, a critical threshold virtually every nation on Earth agreed to work to avoid.
Congress should also require clawbacks of executive compensation and dividends at failed banks. If bankers are required in the future to return some of what they have gained from their poor decisions, it might have a sobering effect.
On average, an American bank failed every three days between 1980 and 1994. Those changes, including the safeguards imposed by the 2010 Dodd-Frank Act, were, largely, to the good. The pace of failures reached similar heights in the immediate aftermath of the 2008 financial crisis, but since then failures have been much less common. The failures in recent days ended the second-longest stretch without a bank failure since the Great Depression.
It may be many more years before we fully reckon the effects of the catastrophe unleashed two decades ago. Some now aspire to a society and government that looks beyond sectarianism and towards a brighter future, as the 2019 Tishreen movement, and the re-emergence of participants in 2021´s elections, showed. More than half of Iraqis are too young to remember life under Saddam Hussein. Yet the low turnout underscored that others have given up on democracy, thanks to those who boasted that they were bringing it to justify their war.