By Reuters WASHINGTON—The Federal Deposit Insurance Corp. (FDIC) deposited $40 billion back into the U.S. Treasury General Account on Tuesday, reversing a $40 billion withdrawal on Friday as the regulator took control of the failed Silicon Valley Bank, Treasury financial data released on Wednesday showed. A Treasury spokesperson referred questions about the fund transfers to […]
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Posted inBusiness
American Companies Poured Over $82 Billion Into Black Lives Matter Movement: Think Tank
By Naveen Athrappully Billions of dollars have been poured into the Black Lives Matter (BLM) organization and its related causes by corporations during the past few years according to a new funding database, with recently collapsed banks like Silicon Valley Bank (SVB) and Signature Bank among the list of funders. The BLM funding database is tracked by […]
Posted inFinance
Should You Be Worried About Your Money in the Bank? Experts Sound Off
By Jack Phillips Some financial experts weighed in on whether Americans should feel worried about the safety of their money amid several bank collapses in recent days as some consumers expressed concerns about their deposits, their bank, and the American banking system. While President Joe Biden said Monday that “Americans can have confidence that the […]
Posted inFinance
Credit Suisse Stock Tumbles to Record Low as Key Backer Says No More Money
By Liam Cosgrove Credit Suisse’s shares fell to a fresh record low for the fifth consecutive day on March 15, following news that its largest investor, Saudi National Bank (SNB), ruled out increasing its stake in the Swiss bank because of regulatory restrictions. Swiss-listed Credit Suisse shares ended the session down 24 percent; the bank’s […]
Posted inNational News
Trump’s Competitors Seek to Set Themselves Apart Without Scorning MAGA
By Nathan Worcester News Analysis As more Republicans challenge Donald Trump in the race for the party’s 2024 presidential nomination, the former president’s dramatic impact on the GOP is becoming clearer. Everyone from Nikki Haley to Vivek Ramaswamy has sought to link themselves to “America First,” as they court Trump’s Make America Great Again (MAGA) movement. […]
Posted inWeather
Northeast Winter Storm Shuts Schools, Knocks Out Power
By The Associated Press The start of a winter storm with heavy, wet snow caused a plane to slide off the runway and led to hundreds of school closings, canceled flights and thousands of power outages in parts of the Northeast on Tuesday. The storm’s path included parts of New England, upstate New York, northeastern […]
Posted inEconomy
US Inflation Eases to 6 Percent, Lowest Level Since September 2021
By Andrew Moran The U.S. annual inflation rate eased to 6 percent in February, down from 6.4 percent in January, according to the Bureau of Labor Statistics (BLS). This matched economists’ expectations and is the lowest reading since September 2021. The core consumer price index (CPI), which strips the volatile food and energy sectors, slowed to […]
Posted inWeather
Nor’easter To Bring Heavy Snow, Rain, High Winds, Coastal Flooding To East Coast
By Jonathan Erdman, Chris Dolce The Weather Channel Here’s a look at where the storm is now and what’s to come. Sage’s latest status: Snow is now spreading into the interior Northeast and tapering off in the Great Lakes. Rainfall has also spread into New England, particularly along the coast. Winter weather alerts are in effect […]
Posted inFinance
Biden, Democrats Wrong Blaming Trump for SVB Failure, Economists Say
By Andrew Moran In the immediate fallout of the collapse of Silicon Valley Bank (SVB) and Signature Bank, President Joe Biden and several Democrats blamed former president Donald Trump’s deregulatory efforts in 2018. During Biden’s prepared address from the White House on Monday, he asserted that the previous administration rolled back several banking requirements aimed […]
Posted inNational News
Forget Ukraine, the US Military Should Annihilate the Cartels
By Roger L. Simon Commentary I’m not a great fan of Vladimir Putin, to say the least. (I suppose I have to say that for the record.) Unfortunately, although I thought I liked Volodymyr Zelenskyy until he started restricting press and religious freedoms, I’m not much of an admirer of his, either. Moreover, I spent time […]
Posted inHealthcare
Doctors Around the World Say It’s Time to Stop the Shots
By Jennifer Margulis and Joe Wang Recently “COVID-19” and “Fauci” have been trending on Twitter. And when you click on those hashtags, you don’t get regurgitated government messaging. Instead, you get declarations like this one from Dr. Eli David, which has been viewed 1.2 million times: “Fauci was wrong about lockdowns, masks, double-masks, Remdesivir, vaccine, boosters, and virus origin. […]
Posted inNational News
Walmart’s Exodus From Portland Draws Attention to Retail Crime and a Troubled City
By Scottie Barnes Walmart announced in February that it will close its last two stores in the city of Portland, Oregon, by March 24. Though the retailer did not say whether relentless shoplifting was a factor in shuttering the locations, Walmart CEO Doug McMillon warned last year that an uptick in retail theft could lead […]
