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10:30 AM ET, March 11, 2023

memeorandum

 Top Items: 
Jesse Pound / CNBC:
Silicon Valley Bank is shut down by regulators in biggest bank failure since global financial crisis  — The FDIC said in the announcement that insured depositors will have access to their deposits no later than Monday morning.  — SVB's branch offices will also reopen at that time, under the control of the regulator.
RELATED:
CNN:
Silicon Valley Bank collapses after failing to raise capital  —  New York CNN —  Silicon Valley Bank collapsed Friday morning after a stunning 48 hours in which a bank run and a capital crisis led to the second-largest failure of a financial institution in US history.
New York Times:
Silicon Valley Bank Fails After Run on Deposits  —  The Federal Deposit Insurance Corporation took control of the bank's assets on Friday.  The failure raised concerns that other banks could face problems, too.  —  Emily Flitter and Rob Copeland cover Wall Street and finance.
Matt Levine / Bloomberg:
Startup Bank Had a Startup Bank Run
Aaron Blake / Washington Post:
As Fox News panicked in 2020, leaders warned of featuring Buttigieg, Coons  —  The top Biden campaign surrogates were singled out in the post-election period, with CEO Suzanne Scott saying 'audiences don't want to see too much' of guests like them  —  It's a rather small cadre of politicians …
Discussion: The Wrap and NPR
RELATED:
Washington Post:
What key players at Fox News said about the network and its viewers
Discussion: Newsday
Martha Ross / East Bay Times:
Rupert Murdoch: Fox News fired Kimberly Guilfoyle for ‘inappropriate behavior’
Discussion: Raw Story
David Lat / Original Jurisdiction:
Yale Law Is No Longer #1—For Free-Speech Debacles  —  Congratulations, Stanford Law, you're the new poster child for intolerance.  —  Congratulations, Stanford Law School.  You're the nation's new top law school—when it comes to free-speech debacles.1 (And I'm interrupting my vacation to cover you—so thanks for that too, SLS.)
RELATED:
Air Force:
New paint design for ‘Next Air Force One’  — Secretary of the Air Force Public Affairs  —  President of the United States Joe Biden has selected the livery design for the “Next Air Force One,” VC-25B, a design that will closely resemble the livery of the current Air Force One, VC-25A, while also modernizing for the 21st century.
New York Times:
Michael Cohen to Testify at Grand Jury as Likely Trump Indictment Looms  —  Mr. Cohen, Donald J. Trump's former fixer, is the key witness in a case built around a hush money payment to Stormy Daniels.  —  Michael D. Cohen, the former fixer who for years did Donald J. Trump's dirty work …
Lisa Friedman / New York Times:
Biden Expected to Move Ahead on a Major Oil Project in Alaska  —  The decision would allow an enormous $8 billion drilling project in the largest expanse of pristine wilderness in the United States.  —  WASHINGTON — In one of the most consequential climate decisions of his administration …
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Eleanor Klibanoff / The Texas Tribune:
Three Texas women are sued for wrongful death after assisting with abortion  —  In the first lawsuit of its kind since Roe v. Wade was overturned, a husband seeks damages from women who helped his ex-wife obtain the medications to terminate her pregnancy.  —  A Texas man whose ex-wife terminated …
RELATED:
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Wall Street Journal:
Saudi Arabia, Iran Restore Relations in Deal Brokered by China
Winn Sioux Christnot-Peters / Second Nexus:
Eric Swalwell Perfectly Shames Jim Jordan Over Hypocritical ‘Subpoena Compliance’ Demand  —  Eric Swalwell calls out Jim Jordan's hypocrisy for issuing subpoenas after defying them when Democrats were in control.  —  California Democratic Representative Eric Swalwell called out the hypocrisy …
Katie S. Phang / MSNBC:
The true cost of Dominion's devastating Fox News bombshells  —  I spent almost 25 years as a trial lawyer before I became the host of the Katie Phang Show.  Whether it was a criminal or civil case, the facts and the evidence are what mattered the most.  And my currency as a trial lawyer?  The truth.
Discussion: Raw Story and The Guardian
Dana Milbank / Washington Post:
Kevin McCarthy joins the insurrection  —  Not since the Know-Nothing Party disappeared in the 1850s has a public figure boasted about his ignorance with as much gusto as Kevin McCarthy does.  —  It doesn't seem to matter what you ask the speaker of the House.  He hasn't read it, seen it or heard about it.
RELATED:
Steve Benen / MSNBC:
Kevin McCarthy's limited foresight gets him into trouble (again)
Discussion: Townhall and CBS17.com
New York Times:
Inside Ron DeSantis's Politicized Removal of an Elected Prosecutor  —  The Florida governor accused the Democratic prosecutor of undermining public safety.  But a close examination of the episode reveals just how fueled it was by Mr. DeSantis's political aims.
Discussion: HuffPost
Ben Caspit / Al-Monitor:
Tensions in West Bank threaten Israel-US intelligence cooperation  —  Top US Gen. Milley delivered “unprecedented message” to Israeli officials, warning that internal chaos and growing tensions in the West Bank could endanger the country's strategic relations with the United States.
Washington Post:
Trump in growing legal and political peril ahead of 2024  —  Multiple investigations into him and his actions are entering advanced stages while many Republicans drift away  —  The Manhattan district attorney has invited former president Donald Trump to testify next week before a grand jury …
RELATED:
Slate:   Can Georgia Republicans Really Fire a Prosecutor for Indicting Trump?
Jozsef Papp / Atlanta Journal-Constitution:
Family: Activist's hands raised when shot by troopers near training center site  —  Family files lawsuit against city of Atlanta for release of information  —  An independent autopsy showed Manuel Teran's hands were raised when the activist was fatally shot by state troopers in January near …
Discussion: Raw Story and New York Daily News
Tim Carman / Washington Post:
A Va. bakery gave BLM activists free coffee.  Then came the backlash.  —  Brian Noyes and Josephine Gilbert agreed to sit down on March 1 and talk it out.  Noyes, founder of the celebrated Red Truck Bakery, and Gilbert, the leader of a loose coalition that demonstrates under the banner of All Lives Matter …
Chris Stokel-Walker / Wired:
Twitter's $42,000-per-Month API Prices Out Nearly Everyone  —  Tiers will start at $500,000 a year for access to 0.3 percent of the company's tweets.  Researchers say that's too much for too little data.  —  Since Twitter launched in 2006, the company has acted as a kind of heartbeat for social media conversation.
Brock Colyar / The Cut:
Zooming With Tennessee Thirst Trap Franklyn McClure … “I love being naked,” says Franklyn McClure, 20, Zooming from the porch of his home in Charlotte, North Carolina, and wearing nothing but a pink pair of briefs and a whole lot of jewelry and lip gloss.  “So that's why I didn't want to wear a shirt for this interview.
Caleb Ecarma / Vanity Fair:
How Rod Dreher's Blog Got a Little “Too Weird” for The American Conservative  —  The right-wing commentator's columns, which were unedited and bankrolled by a single donor, will be shuttered Friday after a 12-year run.  Sources say it was ultimately a diatribe on circumcision that was a bridge too far.
Michael C. Bender / New York Times:
A Glimpse of DeSantis in Iowa: Awkward, but Still Winning the Crowd  —  Gov. Ron DeSantis of Florida visited Iowa on Friday, providing a window into his still-untested skills as a retail politician.  —  DAVENPORT, Iowa — Suzy Barker, a native Iowan dressed in an orange-and-blue University …
 
 
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 More Items: 
Anastasia Edel / Foreign Policy:
Staring Down the Black Hole of Russia's Future
Los Angeles Times:
Tom Girardi gave $1 million in payments, gifts to top State Bar investigator, corruption probe finds
Discussion: San Bernardino Sun
Bruce Leshan / wusa9.com:
‘I snapped’ | Day care owner says she shot her husband accused of child molestation in a moment of rage
Discussion: Twitchy
Mark Magnier / South China Morning Post:
Exclusive: China unofficially suggests way to mitigate any Taiwan trip by House speaker: US sources
Anshel Pfeffer / Haaretz:
Israel's Long-awaited Secular Uprising Is Finally Here
Ross Ketschke / WMUR:
Video shows Wentworth state representative shouting at plow driver outside home
Discussion: New York Post and Raw Story
 Earlier Items: 
Andrew Perez / The Lever:
Workers Are Funding Private Equity's Child Labor Exploitation
Discussion: Jacobin
Jim Geraghty / National Review:
How Often Do AOC and MTG Agree?
Jeet Heer / The Nation:
The Horrifying and Shameful Return of Child Labor
Discussion: Wall Street Journal and MLive.com
Glenn Kessler / Washington Post:
Tennessee congressman Andrew Ogles's résumé is too good to be true
Discussion: Raw Story
George Monbiot / The Guardian:
I once admired Russell Brand. But his grim trajectory shows us where politics is heading