Western Journal,
by
Jack Davis
Original Article
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earlybird
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3/14/2023 7:29:49 PM
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In its dash in the fast lane to embrace diversity, the city of Newark, New Jersey, drove into a pothole.
On Jan. 12, Newark officials signed a “sister city” agreement with the United States of Kailasa that was going to support trade and other activities that would allow Newark to cite a connection with a Hindu nation.
“I pray that our relationship helps us to understand cultural, social and political development and improves the lives of everybody in both places that helps us to understand where we are and who we are and our connectivity to one another and helps us to become better people in this process, better people individually
Epoch Times,
by
Zachary Stieber
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earlybird
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3/14/2023 6:19:32 PM
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A key COVID-19 vaccine case is moving to the discovery phase after a U.S. judge rejected a bid by Moderna to dismiss some of the patent infringement claims against it.
Moderna and the U.S. government, which backed the company, failed to prove that claims involving the company’s COVID-19 vaccine contract with the government should be dismissed, U.S. District Judge Mitchell Goldberg ruled on March 10.
Goldberg in late 2022 rejected a similar effort but Moderna revived its bid after the government filed a statement asserting it, not the company, should face the claims relating to the contract.
The parties, though, have failed to prove that the government’s interpretation “trumps a court’s analysis
Substack,
by
Don Surber
Original Article
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earlybird
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3/14/2023 4:07:00 PM
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The blame game over SVB’s collapse is a diversion. The media have rounded up the usual suspects: Trump, greed, bad law, blah, blah, blah. When Captain Renault did that in Casablanca, he knew who the real culprits were. The media is not that bright.
James Hickman is. He is the founder of Sovereign Research. He looked at the numbers and he found the culprit.
Biden. He made government bonds worth less which has banks dropping like cockroaches in a Raid commercial.
(snip)Hickman wrote, “Silicon Valley Bank was no Lehman Brothers. Whereas Lehman bet almost all of its balance sheet on risky mortgage bonds, SVB actually had a surprisingly conservative balance sheet.
Just the News,
by
John Solomon
Original Article
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earlybird
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3/14/2023 3:10:45 PM
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The Biden Treasury Department ended weeks of foot dragging Tuesday by agreeing to provide congressional investigators with access to secret bank records that flagged suspicious overseas financial transactions involving Hunter Biden and the first family.
House Oversight and Accountability Committee Chairman James Comer announced the deal to let his investigators access the so-called Suspicious Activity Reports in a secure reading room.(snip)The deal comes just a few short weeks after Comer secured the cooperation of longtime Hunter Biden business partner Eric Schwerin, a development described as a major breakthrough in the probe to determine if Hunter Biden's overseas business dealings with controversial figures in China, Russia, Ukraine and other countries
American Greatness,
by
Lloyd Blllingsley
Original Article
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earlybird
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3/14/2023 2:44:16 PM
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Joe Biden’s pick to head the Department of Labor is current Deputy Secretary Julie Su, who is, according to a White House statement, “a tested and experienced leader.” As confirmation hearings await, senators might test her experience during an unemployment scandal in California.
Su headed California’s Labor and Workforce Development Agency (LWDA) which oversees the Employment Development Department (EDD) responsible for unemployment claims. On Su’s watch, the EDD sent more than $31 billion in fraudulent unemployment claims to California, out of state, and even out of the country. In 2020 alone, Su confirmed, fraudsters stole at least $11.4 billion in California unemployment benefits. As it happens, fraud was not a new
The Telegraph (UK),
by
Staff
Original Article
Posted by
earlybird
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3/12/2023 11:02:40 PM
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Prince Andrew has been left “bewildered” that he has not yet received any inheritance from Queen Elizabeth II, royal sources have claimed. After the Queen’s death last September, her £650 million Duchy of Lancaster estate was automatically left to King Charles. However, Prince Andrew, 63, is said to have told friends he feels “despair” that the King has not shared any of his new wealth among his siblings. According to the Daily Mail, Prince Andrew feels an amount of “resentment” at the situation.
Epoch Times,
by
Jack Phillips
Original Article
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earlybird
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3/12/2023 5:25:29 PM
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Several billionaires issued warnings over the weekend after the Silicon Valley Bank suddenly collapsed late last week and forced the federal government to step in.
Billionaire investor Bill Ackman wrote Saturday that the federal government had about two days to fix the problem—by Monday morning. He noted that a number of depositors may not see their money because it wasn’t insured; the Federal Deposit Insurance Corporation (FDIC) notes it insures $250,000 per depositor, per insured bank for each account.
Epoch Times,
by
Joseph M. Hanneman
Original Article
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earlybird
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3/12/2023 3:39:20 PM
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A dramatic new Metropolitan Police Department bodycam video shows how officers and medics from three police agencies worked for 15 minutes to try to revive a lifeless Rosanne Boyland after she was dragged feet-first through the Lower West Terrace tunnel on Jan. 6, 2021.
The urgent efforts to restart Boyland’s heart were a stark contrast to the previous 10 minutes outside the tunnel, where protesters begged police for medical help, but their pleas were ignored. Boyland, 34, of Kennesaw, Georgia, was the last of four people who died at the U.S. Capitol that day.
Epoch Times,
by
John Carney
Original Article
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earlybird
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3/12/2023 3:30:07 PM
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Treasury Secretary Janet Yellen appeared to hint on Sunday that the government might step in to fund uninsured deposits at Silicon Valley Bank, the tech-sector-focused bank that collapsed last week when panicked customers suddenly withdrew tens of billions of dollars.
The Federal Deposit Insurance Corporation, which took the bank into receivership on Friday, insures deposits up to $250,000. On Friday, the FDIC said all insured deposits would be available on Monday morning.
Most Silicon Valley Bank deposits, however, are above the insured limit. The FDIC said on Friday that it had not determined the amount of uninsured deposits but said depositors with amounts in excess of $250,000 would get
Posted by
earlybird
—
3/12/2023 3:12:18 PM
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This week, the go-to bank for US tech startups came rapidly unglued, leaving its high-powered customers and investors in limbo.
Silicon Valley Bank, facing a sudden bank run and capital crisis, collapsed Friday morning and was taken over by federal regulators.
It was the largest failure of a US bank since Washington Mutual in 2008.
(Snip)
Founded in 1983, SVB specialized in banking for tech startups. It provided financing for almost half of US venture-backed technology and health care companies.
While relatively unknown outside of Silicon Valley, SVB was among the top 20 American commercial banks, with $209 billion in total assets at the end of last year, according to the FDIC.
Wall Street Journal,
by
Rachel Louise Ensign *
Original Article
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earlybird
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3/11/2023 5:29:48 PM
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SANTA CLARA, Calif.—Silicon Valley Bank collapsed Friday in the second-biggest bank failure in U.S. history after a run on deposits doomed the tech-focused lender’s plans to raise fresh capital.
The Federal Deposit Insurance Corp. said it has taken control of the bank via a new entity it created called the Deposit Insurance National Bank of Santa Clara. All of the bank’s deposits have been transferred to the new bank, (snip)
Insured depositors will have access to their funds by Monday morning,(snip)Depositors with funds exceeding insurance caps will get receivership certificates for their uninsured balances, meaning businesses with big deposits stuck at the bank are unlikely
Epoch Times,
by
Zachary Stieber
Original Article
Posted by
earlybird
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3/11/2023 3:31:53 PM
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A class action suit filed in California alleges LG Electronics USA, Inc. sold gas range stoves in the United States without properly notifying customers of toxic emissions prior to their purchases.
The suit comes as the industry faces attacks and efficiency proposals by the Biden administration that would remove up to half the current gas range ovens on the U.S. market.
A California woman who purchased an LG gas stove from Costco in October 2022 claims in the suit that she was unaware of the “risks” associated with the product before purchasing.
“Ms. Sherzai relied on the representations on the marketing materials disclosing risks,” read the lawsuit.
Comments:
Predicting disaster if Monday brings a run on many community or regional banks due to unabated panic.