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8:00 PM ET, March 12, 2023

memeorandum

 Top Items: 
Washington Post:
U.S. officials weigh protecting all deposits at Silicon Valley Bank  —  Extraordinary step eyed if plan to sell SVB to another institution fails  —  Federal authorities are seriously considering safeguarding all uninsured deposits at Silicon Valley Bank, weighing an extraordinary intervention …
RELATED:
Board of Governors of the Federal Reserve System:
Joint Statement by Treasury, Federal Reserve, and FDIC  —  Board of Governors of the Federal Reserve System  —  Washington, DC — The following statement was released by Secretary of the Treasury Janet L. Yellen, Federal Reserve Board Chair Jerome H. Powell, and FDIC Chairman Martin J. Gruenberg:
New York Times:
Regulators Race to Contain Silicon Valley Bank Fallout and Close Signature Bank  —  The Treasury, Federal Reserve and Federal Deposit Insurance Corporation unveiled a plan to contain fallout from the collapse of Silicon Valley Bank.  —  Federal regulators announced on Sunday that they would ensure …
Board of Governors of the Federal Reserve System:
Federal Reserve Board announces it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors  —  To support American businesses and households, the Federal Reserve Board on Sunday announced …
Discussion: Fortune and The Information
CBS News:
Transcript: Treasury Secretary Janet Yellen on “Face the Nation,” March 12, 2023  —  The following is a transcript of an interview with Treasury Secretary Janet Yellen that aired on “Face the Nation” on Sunday, March 12, 2023.  —  MARGARET BRENNAN: Mark Strassmann, thank you.
Ken Sweet / Associated Press:
Can the chaos from Silicon Valley Bank's fall be contained?  —  Can Washington come to the rescue of the depositors of failed Silicon Valley Bank?  Is it even politically possible?  —  That was one of the growing questions in Washington Sunday as policymakers tried to figure out whether …
Jeff Cox / CNBC:
Regulators unveil plan to assure depositors will get money after SVB collapse  —  Banking regulators devised a plan Sunday to backstop depositors and protect financial institutions with money at Silicon Valley Bank, a critical step in stemming a feared panic over the collapsed tech-focused institution.
Politico:
'There's going to be more': How Washington is bracing for bank fallout  —  The sudden collapse of Silicon Valley Bank has sent shockwaves across Washington, sparking fears that its failure could threaten the financial system and rattle the economy.  —  Lawmakers are scrambling to get information …
NBC News:
Treasury says it will back Silicon Valley Bank deposits  —  The bank, a favorite of tech startups, was shut down Friday amid a run on deposits.  A buyout was widely seen as the best solution amid an unsure sector.  —  The U.S. Treasury on Sunday announced it would back Silicon Valley Bank deposits beyond …
A.G. Gancarski / Florida Politics:
Ron DeSantis blames Silicon Valley Bank's collapse on DEI … A.G. Gancarski  —  A.G. Gancarski has written for FloridaPolitics.com since 2014.  He is based in Northeast Florida.  He can be reached at [email protected] or on Twitter: @AGGancarski
Ken Tran / USA Today:
Treasury Secretary Janet Yellen: No bailout for Silicon Valley Bank, focus is on helping depositors
Anshel Pfeffer / Haaretz:
Netanyahu's Response to Iran-Saudi Deal Shows a Growing Detachment From Reality  —  Benjamin Netanyahu's insistence that he is the one leading the Western world's fight against Iran and that peace with the Saudis is within reach shows how disconnected he is both at home and abroad
Discussion: Associated Press
RELATED:
Martin Pengelly / The Guardian:
McCarthy: January 6 tapes to be ‘slowly’ rolled out to networks besides Fox News  —  Republican House speaker has only let Fox News see the tapes so far, giving access to the primetime host Tucker Carlson  —  The Republican speaker of the US House, Kevin McCarthy, said on Sunday he would …
RELATED:
Politico:
Playbook: Pence goes where no 2024 contender has gone before
Discussion: Insider
Associated Press:
Pence says Trump ‘endangered my family’ on Jan. 6
Sarah K. Burris / Raw Story:
A former producer of the largest Fox show calls Trump supporters inbred ‘terrorists’  —  Anyone who has lost a family member to right-wing conspiracy theories knows that Fox News has been a key piece of that.  Now it's being revealed that even Fox execs view their own viewers with the most offensive terms.
RELATED:
Washington Post:
Ex-Trump aide at Fox wrestled with election lies, network's interests
Discussion: Raw Story
Jeremy W. Peters / New York Times:
Fox's P.R. Woes May Not Directly Translate to Legal Ones
Discussion: The Hill
Bethany Barnes / Tampa Bay Times:
A Tampa teen was racially harassed by her teacher.  He's bullied students for years.  —  Hillsborough records show allegations ranged from performing a Nazi salute to calling a transgender student a slur. … TAMPA — Until her teacher brought up her race, it had been an otherwise unremarkable …
CNN:
Half a million Israelis join latest protest against Netanyahu's judicial overhaul, organizers say  —  Half a million Israelis took to the streets in the tenth consecutive week of protests against plans by the government of Benjamin Netanyahu to overhaul the country's judicial system, organizers claimed.
Discussion: Haaretz and Raw Story
RELATED:
David Edwards / Raw Story:
‘Ratings were dropping’: Fox News reverses course and allows host to report on Dominion lawsuit  —  Fox News management had a change of heart and allowed host Howard Kurtz to report on Dominion Voting Systems' lawsuit against the network.  —  On a broadcast weeks earlier …
Discussion: The Hill, Fox News and The Guardian
Doug Livingston / Akron Beacon Journal:
Two arrested after protesters and supporters clashed at Wadsworth drag queen story hour  —  Hundreds of protesters, including armed white supremacists, and LGBT-community supporters descended on Wadsworth's Memorial Park on Saturday as a humanist group tried to put on a drag queen storytelling event for children.
Laura Reiley / Washington Post:
Moooove over: How single-celled yeasts are doing the work of 1,500-pound cows  —  Cowless dairy is here, with the potential to shake up the future of animal dairy and plant-based milks  —  BERKELEY, Calif. — The first course was a celery root soup lush with whole milk.
 
 
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 More Items: 
Ayesha Rascoe / NPR:
He was with Emmett Till the night he was murdered. The horror haunts him still
Ian Millhiser / Vox:
No one knows when it is legal to perform medically necessary abortions in Texas
Ben Blanchet / HuffPost:
Ex-Trump White House Press Secretary Makes Revealing Claim On Work With Fox News
Discussion: Mediaite
Washington Post:
McCarthy and Jeffries want the House to work. So they started with each other.
 Earlier Items: 
Ellen Knickmeyer / Associated Press:
Saudi Arabia's golf case threatens to spill kingdom secrets
Lou Paskalis / Lou Paskalis on LinkedIn:
Recent revelations emanating from the Dominion Voting Systems defamation lawsuit against Fox Corporation are very troubling and present a moral hazzard for advertisers. …
Joey Cappelletti / Associated Press:
Gun reform coming in Michigan after 2nd school mass shooting
Alayna Treene / CNN:
As Trump embarks on 2024 journey, some longtime allies go their own way
Politico:
‘Little fissures’: The U.S.-Ukraine war unity is slowly cracking apart
Discussion: CBS News
 

 
From Techmeme:

Shakeel Hashim / Transformer:
Musk v. Altman: email shows Brockman and Sutskever had concerns about Altman in 2017, Musk claims Altman proposed OpenAI sell its own cryptocurrency, and more

Jay Peters / The Verge:
Bluesky says it has “no intention” of taking user content to train AI tools, ahead of X implementing new terms of service that let it train AI on user content

Yifan Yu / Nikkei Asia:
Biden admin finalizes its $6.6B CHIPS Act grant to TSMC; money will be disbursed in stages and TSMC is expected to receive at least $1B by the end of 2024

 
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