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12:35 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:
Chris Anstey / Bloomberg:
Summers Sees No Systemic Risk From SVB If Depositors Protected  —  Former Treasury Secretary Lawrence Summers said the meltdown of SVB Financial Group shouldn't pose a risk to the financial system as long as depositors are made whole.  —  “What is absolutely imperative is that …
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.
Austin Weinstein / Bloomberg:
SVB Chief Sold $3.6 Million in Stock Days Before Bank's Failure  —  Silicon Valley Bank Chief Executive Officer Greg Becker sold $3.6 million of company stock under a trading plan less than two weeks before the firm disclosed extensive losses that led to its failure.
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:
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 …
RELATED:
Bloomberg:
Trump Prosecutors in NY Are After the Wrong Person, His Lawyer Says
Discussion: Raw Story
Helena Horton / The Guardian:
BBC will not broadcast Attenborough episode over fear of rightwing backlash  —  Exclusive: Decision to make episode about natural destruction available only on iPlayer angers programme-makers  —  The BBC has decided not to broadcast an episode of David Attenborough's flagship new series …
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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 …
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.
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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.
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 …
Discussion: The Guardian, NPR, KTOO and HotAir
RELATED:
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.
Discussion: NBC News and VICE
RELATED:
Phil Williams / WTVF-TV:
'I'm really, really sorry.' Tennessee Lt. Gov. Randy McNally apologizes after uproar over social media posts
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.
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.)
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
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.
Slate:
Can Georgia Republicans Really Fire a Prosecutor for Indicting Trump?  —  Having tried and failed to interfere in Georgia's 2020 presidential election, Donald Trump's allies are now attempting to interfere with the ongoing grand jury investigation into that earlier misconduct.
RELATED:
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 …
Jeet Heer / The Nation:
The Horrifying and Shameful Return of Child Labor  —  Bipartisan buck-passing and a ramshackle immigration system have revived Victorian degradation.  —  The disorienting fact about the 21st century is that, even as the calendar moves forward, actual social and political reality is in a state of regression.
Discussion: Wall Street Journal and MLive.com
Los Angeles Times:
Tom Girardi gave $1 million in payments, gifts to top State Bar investigator, corruption probe finds  —  Disbarred Los Angeles lawyer Tom Girardi funneled more than $1 million in gifts and payments to an investigator at the State Bar of California and the investigator's wife, a USC accounting professor …
Discussion: San Bernardino Sun
Wall Street Journal:
Saudi Arabia, Iran Restore Relations in Deal Brokered by China  —  Accord marks diplomatic victory for Beijing in a region where U.S. has long dominated geopolitics  —  RIYADH, Saudi Arabia—Iran and Saudi Arabia agreed to re-establish diplomatic relations Friday in a deal mediated by China …
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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 …
Glenn Kessler / Washington Post:
Tennessee congressman Andrew Ogles's résumé is too good to be true  —  The Fact Checker … — Rep. Andrew Ogles (R-Tenn.), speaking to supporters while running for election, July 23  —  Ogles, a newly elected member of Congress, has been the subject of news reports …
Discussion: Raw Story
Anshel Pfeffer / Haaretz:
Israel's Long-awaited Secular Uprising Is Finally Here  —  Israel's wave of protests isn't just about the balance of power between the government and judiciary.  It is also about a secular middle class fighting to preserve Israel's essential character  —  Zen Read
Discussion: New York Times and Reuters
Washington Post:
What key players at Fox News said about the network and its viewers  —  The $1.6 billion defamation case against Fox News has given the public a rare look at the inner workings of the conservative cable-news giant — including what its executives and top personalities privately …
Discussion: Associated Press
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.
Brandon Drenon / BBC:
Asteroid headed toward Earth may arrive on Valentine's Day 2046 - Nasa  —  A newly detected asteroid has a very small chance of impacting the Earth in 2046, Nasa tweeted on Tuesday.  —  If it does hit, the asteroid, roughly the size of an Olympic swimming pool, may arrive on Valentine's Day 2046 according to Nasa calculations.
Bruce Leshan / wusa9.com:
‘I snapped’ |  Day care owner says she shot her husband accused of child molestation in a moment of rage  —  In an exclusive interview from jail, Shanteari Weems says she shot her husband in the neck and thigh after a parent she trusted said he abused her kid.
Discussion: Twitchy
Mark Magnier / South China Morning Post:
Exclusive: China unofficially suggests way to mitigate any Taiwan trip by House speaker: US sources  —  While the risk of an immediate crisis was reduced this week when US House Speaker Kevin McCarthy signalled near-term plans to meet Taiwanese President Tsai Ing-wen on US soil rather than in Taipei …
George Monbiot / The Guardian:
I once admired Russell Brand.  But his grim trajectory shows us where politics is heading  —  In an age of distortion, public figures have powerful tools and a responsibility.  This is an object lesson in how that can go wrong  —  n 2014, the Guardian asked me to nominate my hero of the year.
 
 
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 More Items: 
Dan Froomkin / Press Watch:
Fox's big reveal is a teachable moment about journalism
Discussion: Puck
Ross Ketschke / WMUR:
Video shows Wentworth state representative shouting at plow driver outside home
Discussion: Raw Story and Associated Press
Andrew Perez / The Lever:
Workers Are Funding Private Equity's Child Labor Exploitation
Discussion: Ultra's Substack
Jim Geraghty / National Review:
How Often Do AOC and MTG Agree?
Discussion: middleeastmonitor.com
Kelsey Davenport / Just Security:
Still Time for Diplomacy: Nuclear Negotiations with Iran Are Imperative
Discussion: FDD and The Hill
John Sakellariadis / Politico:
Biden admin's cloud security problem: ‘It could take down the internet like a stack of dominos’
 Earlier Items: 
Benjamin Mullin / New York Times:
The Messenger, a Media Start-Up, Aims to Build a Newsroom Fast
Nicholas Fondacaro / Newsbusters:
Jane Fonda Offers Final Solution to Pro-Lifers, ‘Murder’ Them
Adam Klasfeld / Law & Crime:
Jury can see ‘Access Hollywood’ tape in E. Jean Carroll's rape case against Trump, federal judge rules
Washington Post:
House conservatives issue new spending demands in debt ceiling debate
 

 
From Mediagazer:

Charlotte Tobitt / Press Gazette:
An interview with Telegraph Director of Technology Dylan Jacques on the goal of launching 12 significant uses of AI in the newsroom over 12 months

Liam Scott / Voice of America:
Reporters Without Borders sues X in France for “complicity in disseminating false information”, after X failed to block a fake video with RSF's logo

Reuters:
Prince Harry's lawsuit against News Group Newspapers moves towards trial; all but one other litigant in the roughly 40 lawsuits against NGN have settled

 
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