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11:55 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:
RELATED:
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 …
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
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.
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 …
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 …
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 …
Rob Wile / NBC News:
Is Silicon Valley Bank getting a government bailout?  Not in the 2008 sense.  —  Federal officials insisted their emergency measures to shore up deposits wouldn't come at taxpayers' expense.  But the public could still bear some indirect costs, one expert warned.
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 …
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.
RELATED:
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: Wall Street Journal
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Vivian Nereim / New York Times:
From ‘Hitler’ to ‘Sharing One Fate’: Saudi-Iran Pact Could Transform the Middle East
Discussion: HotAir
Dean Obeidallah / The Dean's Report:
If Mike Pence continues his refusal to tell investigators the details of Trump's Jan 6 attack, he must be viewed as complicit  —  Why does the media cheer Pence for doing the bare minimum?!  —  Here we go again: Mike Pence is being praised for simply saying the truth about Donald Trump and the Jan 6 attack.
RELATED:
Stephen Neukam / The Hill:
McCaul says Pence right in condemning Trump for Jan. 6
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.
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.
Discussion: Washington Post
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.
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 …
Jodi Picoult / The Daily Beast:
What Florida Doesn't Want You to Know About Its Book Bans  —  My books are among those getting pulled off shelves, but here is why we should should care about all of them. … The seventh time I learned that my novel Nineteen Minutes was being banned in a school district, I was watching a book burning.
CNN:
Norfolk Southern balks at compensating homeowners in East Palestine  —  Jim Stewart was getting ready to sell his home in East Palestine, Ohio, and retire.  Then came the derailment of a Norfolk Southern train on February 3, releasing toxic chemicals into the air and nearby water, and he fears crashing the value of his home.
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.
The Guardian:
Florida surgeon general's Covid vaccine claims harm public, health agencies say  —  ‘Fueling vaccine hesitancy undermines effort’ to protect lives, warns letter to Dr Joseph Ladapo sent by FDA and CDC  —  US health agencies have sent a letter to the surgeon general of Florida …
 
 
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 More Items: 
The White House:
Statement from President Joe Biden on Actions to Strengthen Confidence in the Banking System
Discussion: Washington Examiner
David French / New York Times:
Don't Let the Culture War Degrade the Constitution
Discussion: RedState
Jason Willick / Washington Post:
What the misinformation scare reveals about faith in democracy
Discussion: New York Times
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
 Earlier Items: 
Juliana Kim / NPR:
In military academies, 1 in 5 female students said they experienced sexual assault
Discussion: Just The News
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
CNN:
Half a million Israelis join latest protest against Netanyahu's judicial overhaul, organizers say
Discussion: Haaretz and Raw Story
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
 

 
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

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

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

 
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