Top Items:
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?
Discussion:
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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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NPR, The Guardian, New York Times, Breitbart, Associated Press, New York Post, The Post Millennial, ABC7, BIG by Matt Stoller, Digby's Hullabaloo, BizPac Review, RedState, The Information, Slate, NOQ Report, The San Francisco Standard, The Block, The Hill, Washington Post, The Lever and Bloomberg, more at Techmeme »
Lizette Chapman / Bloomberg:
Thiel's Founders Fund Withdrew Millions From Silicon Valley Bank — Peter Thiel's Founders Fund had no money with Silicon Valley Bank as of Thursday morning as the bank descended into chaos, according to a person familiar with the matter. — Founders Fund withdrew millions from SVB …
Mark Sullivan / Fast Company:
Silicon Valley Bank: An 'It's a Wonderful Life' bank run for the digital age — The seizure of Silicon Valley Bank by regulators Friday morning shows how brittle financial institutions can be in the digital age. The downfall of the Valley institution, which has been called …
Discussion:
Los Angeles Times
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 …
Discussion:
Washington Examiner, Lawyers, Guns & Money, Fox News, TMZ.com, The RL Report, East Bay Times and California Governor
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
Trump May Face Anonymous Jury in High-Profile Defamation Trial
Discussion:
Joe.My.God., Raw Story, Mother Jones, Rolling Stone, WGN-TV, CNBC, Washington Examiner, Insider, Law & Crime and Politico
CNN:
BBC's flagship soccer show boycotted over Gary Lineker impartiality row — The BBC's weekend soccer coverage has been plunged into chaos following its announcement Gary Lineker would “step back” from presenting, after he became embroiled in an impartiality row when he criticized British government policy on Twitter.
Discussion:
Financial Times, Metro.co.uk, The Sun, The Spectator Australia, spiked, Deadline, Bloomberg, Reuters, Sky News, Associated Press and WTOP News, more at Mediagazer »
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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:
Insider
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Ed Whelan / National Review:
Stanford President and Law-School Dean Apologize to Judge Duncan — I'm pleased to break the news that Stanford president Marc Tessier-Lavigne and Stanford law school dean Jenny Martinez have issued a joint letter of apology to Judge Kyle Duncan for the violations of university policies on speech that disrupted his talk on Thursday:
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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.
Discussion:
Washington Examiner, Political Wire and Joe.My.God.
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Eliza Collins / Wall Street Journal:
Kari Lake Is Considering Senate Run, Making Some Republicans Nervous
Kari Lake Is Considering Senate Run, Making Some Republicans Nervous
Discussion:
Raw Story
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
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 …
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 …
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
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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
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 …
Discussion:
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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 …
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Reuters, Ginger River Review, Haaretz, The Hill, Al Jazeera, middleeastmonitor.com, The New Arab, New York Times, Blue Virginia, Al-Monitor, Steph's Substack, The Long Mekong, NBC News, Daoud's Substack, Ujasusi Blog, RedState, NPR, The Daily Caller, TASS, Human Events, Associated Press, Bloomberg, The Diplomat and Wall Street Journal
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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:
Raw Story, claytoonz, Election Law Blog, Washington Examiner and Washington Post
Jason Linkins / New Republic:
Republicans Are Scrambling to Invent Facts for Their Alternate Reality — Representative Jim Jordan rarely makes a public appearance in which he does not look psychically frustrated on some deep level, but he has been having—for his standards—a rough time of late.
Discussion:
Raw Story