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8:00 PM ET, March 11, 2023

memeorandum

 Top Items: 
Hannah Levintova / Mother Jones:
Long Before Silicon Valley Bank's Collapse, Its CEO Helped Kill Tougher Oversight of Banks Like His  —  Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.  —  On Friday, regulators shut down Silicon Valley Bank, one of the most prominent banks …
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Matt Levine / Bloomberg:
Startup Bank Had a Startup Bank Run  —  Programming note: Money Stuff was supposed to be off today, but: bank run!  —  SVB  —  The lesson might be that there are some industries that are bad to bank.  Imagine that it was 2021, and someone was like “do you want to start the Bank of Crypto?
New York Times:
The Second-Biggest Bank Failure  —  Bank failures in each year by total assets  —  Bank failures in each year by total assets  —  IndyMac Bank $307 billion  —  Washington Mutual Bank  —  Silicon Valley Bank  —  Source: Federal Deposit Insurance Corporation Note …
CNN:
Silicon Valley Bank collapses after failing to raise capital
Dan Primack / Axios:
Silicon Valley Bank paid out bonuses hours before seizure  —  Silicon Valley Bank on Friday paid out annual bonuses to eligible U.S. employees, just hours before the bank was seized by the U.S. government, Axios has learned from multiple sources. … That date ultimately coincided …
Jose Pagliery / The Daily Beast:
Trump Gets Caught Trying to Play Judges to Manufacture Trial Delays  —  Donald Trump is in so much trouble that his trials are starting to run into one another, and now his lawyers might get in trouble for fooling judges into delaying them all. … Faced with an onslaught of expensive lawsuits ranging …
Discussion: Raw Story
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Erik Larson / Bloomberg:
Trump May Face Anonymous Jury in High-Profile Defamation Trial
David Remnick / New Yorker:
What We Talk About When We Talk About Trans Rights  —  Masha Gessen on the public discourse over trans identity, the real reasons for the culture war over gender, and how well-meaning people can do better.  —  The first time I saw Masha Gessen was more than thirty years ago, on the streets of Moscow.
Discussion: Vox
Caitlin Owens / Axios:
House GOP's budget could hurt the party in key Senate races  —  House Republicans' push for major spending cuts could undermine the party's effort to win the Senate.  —  The big picture: Several House Republicans are likely to run for competitive Senate seats in 2024.
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Eliza Collins / Wall Street Journal:
Kari Lake Is Considering Senate Run, Making Some Republicans Nervous
Discussion: Raw Story
Brianna Sacks / Washington Post:
Insurers slashed Hurricane Ian payouts far below damage estimates, documents and insiders reveal  —  A Washington Post investigation has found that some policyholders had their claims cut by more than 80 percent  —  FORT MYERS, Fla. — When insurance adjuster Jordan Lee entered …
Arwa Mahdawi / The Guardian:
Lauren Boebert will be a grandmother at 36.  This is what conservatives want for us  —  This shouldn't need to be said in 2023, but forcing teenagers to become parents isn't good for the teenagers, the baby or society in general  —  Boebert's rural family values
Discussion: KTLA, Insider, Jezebel and The Hill
Caleb Newton / Bipartisan Report:
Public Approval Of Biden Rockets To Highest This Year As Democrats Prevail  —  Despite what seem like only intensifying predictions from Donald Trump and allies of his about ostensibly looming doom with Biden and the Democrats in charge, many Americans evidently aren't concerned.
Discussion: Rasmussen Reports
New York Times:
BBC in Turmoil as Revolt Over Gary Lineker's ‘Match of the Day’ Suspension Spreads  —  Mr. Lineker, one of England's best-known sports personalities, was taken off the air after criticizing the British government's immigration policy on social media.  His ouster set off a staff boycott.
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
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Niharika Mandhana / Wall Street Journal:
How Beijing Boxed America Out of the South China Sea  —  China incrementally built up military outposts, with little pushback from the U.S., and has emerged as a power in the strategic waters through which trillions of dollars in trade passes  —  In early February, a Philippine coast guard vessel approached …
Emily Schmall / New York Times:
Stripping Confederate Ties, the U.S. Navy Renames Two Vessels  —  The vessels will be named for Robert Smalls, a mariner who commandeered a Confederate ship to freedom from slavery, and Marie Tharp, an ocean geologist who studied continental drift.  —  One night in 1862, as the Civil War raged …
Discussion: Breitbart, New York Post and Fox News
Adam Wren / Politico:
Can Trump's ‘Straight Man’ Lighten Up?  —  The last time Mike Pence headlined the Gridiron Club dinner, he was a stand-in.  His boss, whose media baiting was already reaching highway-speed just two months into his first term, had no interest in playing nice with his critics, so he palmed off the job to his vice president.
Andrew Jeong / Washington Post:
South Korea proposes 69-hour workweek, up from an already long 52  —  SEOUL — South Korea's conservative government has proposed increasing the legal cap on weekly work hours from 52 to 69, triggering backlash from the opposition and wage-earners who fear the plan will ruin work-life balance …
Discussion: Fortune
Helena Kelly / Daily Mail:
Woke head of ‘risk assessment’ at Silicon Valley Bank ‘prioritized’ LGBT initiatives - including organizing a month-long Pride campaign - before bank lost BILLIONS and collapsed  — Jay Ersapah was head of risk assessment for Silicon Valley Bank's EMEA region
Associated Press:
Syria hopes Iran-Saudi agreement will ease regional tension  —  News of the rapprochement between long-time regional rivals Saudi Arabia and Iran sent shock waves through the Middle East on Saturday and dealt a symbolic blow to Israeli Prime Minister Benjamin Netanyahu, who has made the threat posed …
RELATED:
NBC News:
Ron DeSantis feels the love in Iowa.  That might not be enough.  —  DES MOINES, Iowa — To hear Florida Gov. Ron DeSantis tell it, he's exactly the kind of winner that Republicans here in Iowa — and across the country — are looking for in a presidential nominee.
Aaron Sibarium / Washington Free Beacon:
‘Dogs—t’: Federal Judge Decries Disruption of His Remarks by Stanford Law Students and Calls for Termination of the Stanford Dean Who Joined the Mob  —  Fifth Circuit appellate judge Stuart Kyle Duncan, who was shouted down by Stanford Law School students as administrators looked on in silence …
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 More Items: 
Jason Linkins / New Republic:
Republicans Are Scrambling to Invent Facts for Their Alternate Reality
Discussion: Raw Story
Kaitlyn Radde / NPR:
Arkansas Gov. Sanders signs a law that makes it easier to employ children
Discussion: Arkansas Advocate
The Guardian:
Revealed: child refugees will be detained or deported under small boats plan
Discussion: MLive.com
Politico:
Judge denies media access to records in Mar-a-Lago grand jury fight
Dylan Matthews / Vox:
Why even brilliant scholars misunderstand poverty in America
Discussion: Press Herald
Kelly Weill / The Daily Beast:
Republicans Court the ‘Red Scare’ Left With Roger Stone Martini Hour
 Earlier Items: 
Jody Godoy / Reuters:
Ex-US congressman convicted of insider trading before T-Mobile merger
Peter Hermann / Washington Post:
5 archaic D.C. laws still technically on the books after crime bill is nixed
Katie S. Phang / MSNBC:
The true cost of Dominion's devastating Fox News bombshells
Discussion: Raw Story and The Guardian
New York Times:
Inside Ron DeSantis's Politicized Removal of an Elected Prosecutor
Discussion: HuffPost
Tim Carman / Washington Post:
A Va. bakery gave BLM activists free coffee. Then came the backlash.
 

 
From Techmeme:

Stephanie Palazzolo / The Information:
An undisclosed 2023 agreement between Microsoft and OpenAI defines achieving AGI as the point when OpenAI develops AI systems that generate $100B+ in profits

Noah Smith / Noahpinion:
How H-1B workers from India and other countries help the US remain dominant in tech, as some on the new “Tech Right” discover MAGA's racial-nationalist bigotry

Shubham Sharma / VentureBeat:
DeepSeek releases DeepSeek-V3, an open-source MoE model of 671B total parameters, with 37B activated per token, claiming it outperforms top models like GPT-4o

 
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