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8:35 PM ET, March 10, 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.
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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 …
Rebecca Burns / The Lever:
SVB Chief Pressed Lawmakers To Weaken Bank Risk Regs  —  Eight years before the second-largest bank failure in American history occurred this week, the bank's president personally pressed Congress to reduce scrutiny of his financial institution, citing the “low risk profile of our activities …
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.
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 …
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David A. Graham / The Atlantic:
Trump Gets a Taste of His Own Medicine  —  The master of normalizing the once-unthinkable faces indictment, and no one seems surprised.  —  “This is not normal,” Donald Trump's opponents warned as he took office and began enacting his agenda.  He gave them so many chances to use the phrase …
Philip Bump / Washington Post:
The legal threat to Trump in New York, explained  —  The office of Manhattan District Attorney Alvin Bragg (D) has extended an unwelcome invitation to former president Donald Trump: come offer testimony before a grand jury probing his business.  —  In the state of New York …
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 …
RELATED:
Bloomberg:   Texas Man Sues Women He Says Helped Ex-Wife Obtain Abortion Pill
Steve Benen / MSNBC:
Kevin McCarthy's limited foresight gets him into trouble (again)  —  House Speaker Kevin McCarthy has earned a reputation as a chess player who can't think more than one move at a time.  —  House Speaker Kevin McCarthy did not immediately explain why in the world he agreed …
Discussion: Townhall, CBS17.com and Breitbart
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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.
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.
Phil Williams / WTVF-TV:
'I'm really, really sorry.' Tennessee Lt. Gov. Randy McNally apologizes after uproar over social media posts  —  NASHVILLE, Tenn. (WTVF) — Tennessee Lt. Gov. Randy McNally, in an exclusive interview Thursday, apologized after the uproar over his interactions with provocative posts on social media …
Zeynep Tufekci / New York Times:
Here's Why the Science Is Clear That Masks Work  —  The debate over masks' effectiveness in fighting the spread of the coronavirus intensified recently when a respected scientific nonprofit said its review of studies assessing measures to impede the spread of viral illnesses found it was …
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 …
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Washington Post:
House conservatives issue new spending demands in debt ceiling debate  —  The House Freedom Caucus insisted on steeper spending cuts than some GOP lawmakers had been considering, along with caps on future spending, as the fight over the debt ceiling intensifies
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CNN:
George Santos says he's ‘innocent’ of allegation he orchestrated credit card skimming scheme  —  Embattled Rep. George Santos on Friday said he was “innocent” of an allegation that he had orchestrated a credit card skimming operation in 2017 in Seattle that led to the guilty plea and deportation of a Brazilian man.
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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
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.
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.
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 …
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.
Adam Klasfeld / Law & Crime:
Jury can see ‘Access Hollywood’ tape in E. Jean Carroll's rape case against Trump, federal judge rules  —  Former President Donald Trump cannot keep E. Jean Carroll from showing a jury the infamous “Access Hollywood” tape that nearly derailed his 2016 campaign in a lawsuit accusing him of rape, a federal judge ruled.
Vivian Nereim / New York Times:
Saudi Arabia and Iran Agree to Restore Ties, in Talks Hosted by China  —  The deal between regional rivals underlines China's growing economic and political importance in the Middle East, and what some analysts say is waning American influence.  —  RIYADH, Saudi Arabia …
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Ella Nilsen / CNN:
White House to approve major Alaska oil drilling project Willow  —  The Biden administration is soon set to approve ConocoPhillips' Willow Project, a major oil drilling project on Alaska's North Slope, according to a congressional source familiar with the details.  The decision will be announced next week, the source confirmed.
Discussion: Associated Press, Bloomberg and KTOO
Benjamin Mullin / New York Times:
The Messenger, a Media Start-Up, Aims to Build a Newsroom Fast  —  The company, which will begin operating in May, plans to have around 550 journalists covering entertainment, politics and sports within a year.  —  Jimmy Finkelstein's winding career in publishing has included running …
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
Seth Masket / Politico:
Trump Is Losing His Grip on the Grassroots  —  Republican grassroots leaders are increasingly losing interest in former President Donald Trump — and eyeing Ron DeSantis for the 2024 presidential campaign.  —  That's according to a new survey I conducted with GOP county chairs across the country …
Nathaniel Rakich / FiveThirtyEight:
The Polls Were Historically Accurate In 2022  —  We've updated our pollster ratings.  —  By Nathaniel Rakich  —  Mar. 10, 2023, at 6:00 AM  —  Let's give a big round of applause to the pollsters.  Measuring public opinion is, in many ways, harder than ever — and yet …
Discussion: Mediaite
Nicholas Fondacaro / Newsbusters:
Jane Fonda Offers Final Solution to Pro-Lifers: ‘Murder’ Them  —  Text to Speech Font Size  —  Far-left extremist Jane Fonda said the quiet part out loud during her Friday appearance on ABC's The View while hawking her new movie.  When asked by co-host Joy Behar for a solution to the proliferation …
Sergio Olmos / NPR:
In Florida, far-right groups look to seize the moment  —  JACKSONVILLE, Fla. — It's an unseasonably cool January evening.  Helicopters buzz overhead as a NFL playoff game gets underway.  In a downtown alley not far from the stadium, masked men have their sights on the 37-story Wells Fargo Center.
Discussion: Raw Story and Insider
 
 
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 More Items: 
Andrew Perez / The Lever:
Workers Are Funding Private Equity's Child Labor Exploitation
U.S. Department of Defense:
Secretary of Defense Lloyd J. Austin III Holds a Joint Press Conference With Israeli Defense Minister Yoav Gallant
Discussion: BizPac Review and jihadwatch.org
Jim Geraghty / National Review:
How Often Do AOC and MTG Agree?
Noah Rothman / National Review:
So, Democrats Love Lobbyists Now?
John Sakellariadis / Politico:
Biden admin's cloud security problem: ‘It could take down the internet like a stack of dominos’
 Earlier Items: 
NBC News:
Ex-Trump aide Peter Navarro ordered to turn over hundreds of emails to the National Archives
David Dayen / American Prospect:
Conservative Witness Admits Potential Chaos From CFPB Court Case
Max Boot / Foreign Affairs:
What the Neocons Got Wrong
Casey Newton / Platformer:
Meta is building a decentralized, text-based social network