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9:30 PM ET, March 12, 2023

memeorandum

 Top Items: 
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:
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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 …
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 …
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 …
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
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 …
Matthew Monks / Bloomberg:
FDIC Auction for Failed SVB Underway, Final Bids Due Sunday  —  The Federal Deposit Insurance Corp. kicked off an auction process late Saturday for Silicon Valley Bank, with final bids due by Sunday afternoon, according to people familiar with the matter.  —  The FDIC is aiming for a swift deal …
CBS News:
Transcript: Treasury Secretary Janet Yellen on “Face the Nation,” March 12, 2023
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:
Associated Press:
Pence says Trump ‘endangered my family’ on Jan. 6
Politico:   Playbook: Pence goes where no 2024 contender has gone before
Washington Post:
Biden will approve Alaska oil project, alongside Arctic protections  —  The administration will approve three pads for the Willow drilling project, according to people familiar with the matter.  The move comes after announcing a new ban on U.S. oil and gas leasing in the Arctic Ocean.
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CNN:
Biden will announce sweeping protections preventing new Arctic drilling ahead of Willow decision
Discussion: The Hill
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
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Wall Street Journal:
China Plans New Middle East Summit as Diplomatic Role Takes Shape  —  Beijing's involvement in the details of dispute between Saudi Arabia and Iran led to a re-establishment of ties  —  When Arab leaders met Xi Jinping at a regional summit in Riyadh last December, the Chinese head …
Vivian Nereim / New York Times:
From ‘Hitler’ to ‘Sharing One Fate’: Saudi-Iran Pact Could Transform the Middle East
Discussion: HotAir
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 and New York Times
Kyle Cheney / Politico:
Prosecutors say newly aired Chansley footage paints misleading portrait of his Jan. 6 conduct  —  Prosecutors on Sunday rejected the notion that newly public footage of Jacob Chansley — known as the QAnon Shaman — accompanied by police in the Capitol undercuts his criminal conduct on Jan. 6, 2021.
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
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 More Items: 
Washington Post:
Defending Ukraine's ‘highway of life’ — the last road out of Bakhmut
Discussion: The Guardian and New York Post
Max Greenwood / The Hill:
Republicans brace for Tim Scott's entrance into 2024 race
Discussion: The Daily Caller
CNN:
Norfolk Southern balks at compensating homeowners in East Palestine
Juliana Kim / NPR:
In military academies, 1 in 5 female students said they experienced sexual assault
Discussion: Just The News
Doug Livingston / Akron Beacon Journal:
Two arrested after protesters and supporters clashed at Wadsworth drag queen story hour
Laura Reiley / Washington Post:
Moooove over: How single-celled yeasts are doing the work of 1,500-pound cows
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
 Earlier Items: 
Bethany Barnes / Tampa Bay Times:
A Tampa teen was racially harassed by her teacher. He's bullied students for years.
Ben Blanchet / HuffPost:
Ex-Trump White House Press Secretary Makes Revealing Claim On Work With Fox News
Discussion: Mediaite
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. …
 

 
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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