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5:10 PM ET, March 11, 2023

memeorandum

 Top Items: 
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 …
RELATED:
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?
CNN:
Silicon Valley Bank collapses after failing to raise capital
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:
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
RELATED:
Erik Larson / Bloomberg:
Trump May Face Anonymous Jury in High-Profile Defamation Trial
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.
Discussion: claytoonz and Washington Examiner
RELATED:
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
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.
RELATED:
Eliza Collins / Wall Street Journal:
Kari Lake Is Considering Senate Run, Making Some Republicans Nervous
Discussion: Raw Story
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:
Kelly Weill / The Daily Beast:
Republicans Court the ‘Red Scare’ Left With Roger Stone Martini Hour  —  The “dirty trickster” served lukewarm cocktails at an event meant to showcase Republican inroads with the downtown art scene.  —  When they take the microphones behind a DJ booth at the New York Young Republican Club party …
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 …
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:
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.
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 …
The Guardian:
Revealed: child refugees will be detained or deported under small boats plan  —  Senior Tories condemn ‘sickening’ plans which would allow unaccompanied minors to be held, in U-turn on past legislation  —  Rishi Sunak's plan to reduce small boat crossings will effectively reverse a ban …
Discussion: MLive.com
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
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
Lisa Friedman / New York Times:
Biden Administration 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 its most consequential climate decisions …
Associated Press:
Will it take market crash for Congress to raise debt limit?  —  There's one way to force President Joe Biden and Congress to solve the looming crisis over the debt limit: a financial market crash.  That's a view held by several economists and a former White House official …
 
 
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 More Items: 
Niharika Mandhana / Wall Street Journal:
How Beijing Boxed America Out of the South China Sea
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
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
 Earlier Items: 
Anastasia Edel / Foreign Policy:
Staring Down the Black Hole of Russia's Future
Ben Caspit / Al-Monitor:
Tensions in West Bank threaten Israel-US intelligence cooperation
Brandi Buchman / emptywheel:
Jan. 6 seditious conspiracy comes into focus at Proud Boys trial as classified ‘spill’ roils proceedings
Discussion: Alternet.org and Summit News
Los Angeles Times:
Tom Girardi gave $1 million in payments, gifts to top State Bar investigator, corruption probe finds
Discussion: San Bernardino Sun
Austin Weinstein / Bloomberg:
SVB CEO Sold $3.6 Million in Stock Days Before Bank's Failure
 

 
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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