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Janet Yellen's Bank Run Jam

Secretary of the Treasury Janet Yellen

Secretary of the Treasury Janet Yellen

This week, the government took decisive and forceful actions to strengthen public confidence in our financial system.

First, we worked with the Federal Reserve and FDIC to protect all depositors of the two failed banks. On Monday morning, customers were able to access all of the money in their deposit accounts so they could make payroll and pay the bills. Shareholders and debtholders are not being protected by the government. Importantly, no taxpayer money is being used or put at risk with this action. Deposit protection is provided by the Deposit Insurance Fund, which is funded by fees on banks.

FEAR OF FAILING by Randall Enos, Easton, CT
The collapse of major US banks leads to bills calling for more regulation
Industry leaders, among them Greg Becker, CEO of Silicon Valley Bank, lobbied Congress in 2015 to roll back some of the Dodd-Frank Act provisions.

The Russian-Ukraine War: One Year Later

Ukraine, One Year Later by Jeff Koterba,
Lesson from a year at war: In contrast to the Russians, Ukrainians master a mix of high- and low-end technology on the battlefield
Russia, despite having modern technology and weapons, has been unable to use its seeming technological advantage.
Putin wanted by International Criminal Court by Emad Hajjaj, Alaraby Aljadeed newspaper , London

Biden In Kyiv

Biden In Ukraine by Bob Englehart,\

History Lives: March 31st, 1776

Remember The Ladies

Remember The Ladies, by Abigail Adams

Abigail Adams

"Remember the Ladies, and be more generous and favourable to them than your ancestors. Do not put such unlimited power into the hands of the Husbands. Remember all Men would be tyrants if they could."

The City

Immobilized Astor Place Cube Slated to Spin Again by Summer
This would be the fourth renovation of the popular public installation, which passersby have enjoyed spinning on its tip going back decades.
City Jobs Recover Nearly to Pre-COVID Levels
With a January uptick of 32,000, New York has regained 96% of the lost jobs.

The Economy

US inflation and banking by Paresh Nath, U.T. Independent, India
How to File Taxes for Free Without TurboTax
To receive the free file option, you must begin your guided tax preparation at
Proposed federal rule would lower credit card late fees
The new rule would limit late fees to $8. Currently credit card companies can charge as high as $41.

TikTok Ban Challenge

TikTok Ban Challenge by Jeff Koterba,
Chinese spy balloon over the US: An aerospace expert explains how the balloons work and what they can see
The U.S. military shot down what U.S. officials called a Chinese surveillance balloon off the coast of South Carolina on Feb. 4, 2023.

The Globe

French pension protests by Paresh Nath, U.T. Independent, India

Body & Mind

Californian Insulin Dreamin

California Picks Generic Drug Company Civica to Produce Low-Cost Insulin
Drug pricing experts said generic production in California could further lower costs for insulin.
Gaslighting Long Haulers
We are living through a mass disabling event not unlike what occurred in the aftermath of polio or HIV.

Energy & Environment

EPA proposes first-ever limits on PFAS in drinking water
The chemicals have been linked to adverse health effects in humans.
How rising temperatures are intensifying California’s atmospheric rivers
An “atmospheric river” is a long, narrow ribbon of moisture that carries water vapor from the tropics to land at higher latitudes.
Banks Under Water by Dave Whamond, Canada,
UN reaches historic agreement to protect the world’s oceans
The agreement would instate a new group within the U.N. in charge of managing ocean conservation.

Dig It

Dozens of Museums and Universities Pledge to Return Native American Remains. Few Have Funded the Effort.
Museums and universities repatriated fewer than half of the 210,000 human remains they initially reported holding,

March Madness by Dave Whamond, Canada,
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