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.
Discussion:
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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.
Discussion:
Bloomberg, Grid News, Alternet.org, Bank Reg Blog, One America News Network, CoinDesk, Lawyers, Guns & Money, The Information, NBC News, Fortune, Forbes, Breitbart, California Globe, The Verge, Marginal REVOLUTION, WGN-TV, The San Francisco Standard, TechCrunch, The Gateway Pundit, Joe.My.God., New York Post, Just An Earth-Bound Misfit, I, Twin Cities, CNBC, The Post Millennial and Cointelegraph, more at Techmeme »
Austin Weinstein / Bloomberg:
SVB CEO 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.
Discussion:
Breitbart, New York Post and East Bay Times
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 …
Discussion:
CNBC, Financial Times, Fortune, CoinDesk, Breitbart, The Information, Eschaton and TechCrunch, more at Techmeme »
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.
Discussion:
CNBC, Washington Post, New York Times, eto., Rumelia Letters, One America News Network, Bloomberg, NBC 5 Dallas-Fort Worth, Economics Matters, Fox News, Royal.Tv.Newsletter, Breitbart, Financial Times, The Block, The Register, Lawyers, Guns & Money, HotAir, The Information, Mediaite, Common Dreams, San Bernardino Sun, RedState, CoinDesk, Mercury News and Twin Cities, more at Techmeme »
Rebecca Burns / The Lever:
SVB Chief Pressed Lawmakers To Weaken Bank Risk Regs
SVB Chief Pressed Lawmakers To Weaken Bank Risk Regs
Discussion:
Semafor, New York Times, The Block, Raw Story, The Hill, Washington Post, New York Post and Washington Times, more at Techmeme »
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 …
Discussion:
NBC News, Steady, National Review, New York Post, DEO VINDICE, Associated Press, Bloomberg, CBS News, The Hill, Washington Examiner, Raw Story, Alternet.org, Joe.My.God., Insider, High Plains Blogger, Washington Post, PBS NewsHour, Zandar Versus The Stupid, Wall Street Journal and Fox News
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Bloomberg:
Trump Prosecutors in NY Are After the Wrong Person, His Lawyer Says
Trump Prosecutors in NY Are After the Wrong Person, His Lawyer Says
Discussion:
Raw Story
Philip Bump / Washington Post:
The legal threat to Trump in New York, explained
The legal threat to Trump in New York, explained
Discussion:
Fox News, New York Times, New York Daily News, NBC 5 Dallas-Fort Worth and CNN
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.)
Discussion:
Reuters, Washington Free Beacon, Instapundit, Power Line, Ringside at the Reckoning, National Review, The Daily Caller, HotAir and Reason
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, New York Post, NPR, KTOO and HotAir
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Ella Nilsen / CNN:
Biden administration to approve major Alaska oil drilling project Willow
Biden administration to approve major Alaska oil drilling project Willow
Discussion:
Bloomberg, Wall Street Journal, BizPac Review, Associated Press and Alaska House Coalition
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 …
Discussion:
Washington Post, Associated Press, NPR, The Hill, Abortion, Every Day, Rolling Stone, Forbes, New Republic, Joe.My.God., Raw Story, Bloomberg and Jezebel
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 …
Discussion:
Politico, Raw Story and Washington Examiner
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David A. Graham / The Atlantic:
Trump Gets a Taste of His Own Medicine
Trump Gets a Taste of His Own Medicine
Discussion:
News Corpse, NPR, Vanity Fair, Raw Story and IJR
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.
Discussion:
Defense One, Insider, Simple Flying, Raw Story and Associated Press
Washington Post:
China brokers Iran-Saudi Arabia detente, raising eyebrows in Washington — After decades of U.S. failures in the region, China takes a turn as Middle East power broker — China's successful brokering of a detente between Iran and Saudi Arabia on Friday forced the United States …
Discussion:
middleeastmonitor.com, The Guardian, Just The News, New York Times, Atlantic Council and FDD
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Wall Street Journal:
Saudi Arabia, Iran Restore Relations in Deal Brokered by China
Saudi Arabia, Iran Restore Relations in Deal Brokered by China
Discussion:
Associated Press, Haaretz, New York Times, jihadwatch.org, middleeastmonitor.com, France 24, Blue Virginia, Al Arabiya, Al Jazeera, NBC News, Steph's Substack, The American Spectator, The Long Mekong, Al-Monitor, Vox, nationalinterest.org, The New Arab, Reuters, Voice of America, Washington Post, RedState, KhabarOnline, NPR, The Forward, One America News Network, Fox News, Insider, Washington Examiner, Atlantic Council, The Daily Caller, CNN, TASS, Financial Times, Human Events, Stimson Center, The Hill, Bloomberg, The Diplomat and Breitbart
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.
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 …
Discussion:
The Hill, Just The News, Joe.My.God., BizPac Review and HuffPost
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.
Discussion:
The Guardian, Carmen says, The Hill and Raw Story
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Steve Benen / MSNBC:
Kevin McCarthy's limited foresight gets him into trouble (again)
Kevin McCarthy's limited foresight gets him into trouble (again)
Discussion:
Townhall, CBS17.com and The Post Millennial
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
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.
Discussion:
The American Conservative
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.
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.
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:
Newsday
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 …
Discussion:
The Sun and The Wrap, more at Mediagazer »
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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.
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
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 …
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
Brandi Buchman / emptywheel:
Jan. 6 seditious conspiracy comes into focus at Proud Boys trial as classified ‘spill’ roils proceedings — The Proud Boys seditious conspiracy trial started this week with prosecutors rolling out meticulous frame-by-frame video footage from Jan. 6 that, for the first time in more than a month …
Discussion:
Alternet.org, Summit News, Associated Press and wusa9.com