Posted: March 19, 2023 7:05 PM ET Senator Elizabeth Warren is calling for an independent investigation into the Federal Reserve and “the entire regulatory system” after the worst banking sector crisis in more than a decade. Speaking on ABC News’ “This Week” on Sunday, the Massachusetts Democrat said the chaos of the past two weeks … Read more
The headquarters of the Federal Deposit Insurance Corp. (FDIC) in Washington, DC, U.S. on Monday, March 13, 2023. Al-Draco | Bloomberg | Getty Images Four prominent U.S. banking lawmakers said on Sunday they would consider whether a higher federal insurance limit on bank deposits was needed to stem a financial crisis marked by a flight … Read more
BERLIN (AP) — The release of a major new UN report on climate change is being delayed by a battle between rich and developing nations over emissions targets and financial aid to vulnerable nations. The report by hundreds of the world’s top scientists was due to be endorsed by government delegations on Friday at the … Read more
Butter. Burgers. Sausages. Store-bought pastries, cakes and cookies. Oh, and sodas, sweet or diet. They’re all bad, and they all increase our risk of dementia – by a lot. So reports one of the largest and most chilling studies ever, involving around 60,000 people in their 40s, 50s and 60s. The study, involving massive numbers … Read more
I inherited a house in San Francisco from my aunt. My aunt had rented her basement to an older couple (probably illegally) for a few years at below market prices. I don’t believe there was a lease, and it’s probably against building code to have tenants in the basement. The couple’s family lives nearby. I … Read more
KYIV, Ukraine (AP) — An unprecedented wartime deal that has allowed grain to flow from Ukraine to countries in Africa, the Middle East and Asia where hunger is a growing threat and where high food prices push more people into poverty was extended just before its expiration date, officials said Saturday. The United Nations and … Read more
Lagos, Nigeria CNN — Nigerians began voting in delayed polls for governors on Saturday, weeks after a contentious and contested presidential election – amid reports of election violence and disenfranchisement of voters. A party official was shot and killed in Lagos on Saturday during elections for new Nigerian state governors. “From all over Lagos we … Read more
WASHINGTON (AP) — Bills have been introduced, hearings scheduled and blame cast as Congress reacted last week to the brutal failure of two banks. A preview of what lawmakers are saying and planning as the fallout from the collapse of Silicon Valley Bank and Signature Bank continues. RAPID LEGISLATIVE FIXES LIKELY As President Joe Biden … Read more
The House Financial Services Committee announced that its first hearing into the failures of SVB and Signature Bank will take place on March 29. Martin J. Gruenberg, Chairman of the FDIC Board of Directors, and Michael S. Barr, Vice Chairman for Oversight of the Federal Reserve Board of Governors, are scheduled to testify. The committee’s … Read more
WASHINGTON (AP) — Chinese President Xi Jinping’s plans to meet with Russian President Vladimir Putin in Moscow next week highlighted China’s aspirations to play a bigger role on the world stage. But they also exposed the perils of global diplomacy: Hours after the trip was announced on Friday, an international arrest warrant was issued against … Read more
