March 18, 2023: The weekend’s biggest discussion topics. A round-up of the day’s papers, what we’ve learnt this week and a guide to Ibiza’s lesser-known, more peaceful corners.
Category Archives: News
Front Page: The New York Times – March 18, 2023
Banking Crisis Hangs Over Economy, Rekindling Recession Fear
Borrowing could become tougher, a particular blow to small businesses — and a threat to the recovery’s staying power.
Arrest Warrant From Criminal Court Pierces Putin’s Aura of Impunity
A highly symbolic move by the International Criminal Court, which accused President Vladimir V. Putin of war crimes, carries moral weight.
Mortgages, Wine and Renovations: Silicon Valley Bank’s Deep Tech Ties
More than many other banks, SVB catered to how risky tech start-ups and their backers do not adhere to normal business practices.
After Police Killing of Walter Scott, a Department Tries to Rebound
The North Charleston Police Department has hired more Black officers, cut down on traffic stops and invited Mr. Scott’s brother to speak to recruits.
News: Macron Forces French Pension Reform, Poland Sends Fighter Jets
March 17, 2023: Emmanuel Macron bypasses parliament to force through pension reform in France. Plus: Poland’s announcement that it will be the first Nato country to send fighter jets to Ukraine, Andrew Mueller’s irreverent round-up of the week’s events and the latest theatre news.
Front Page: The New York Times – March 17, 2023
Macron, Risking Backlash, Pushes Through Law Raising Retirement Age
Lacking parliamentary support, the French president used a special measure to circumvent a vote, a step likely to further enrage opponents.
Wall Street’s Biggest Banks Rescue Teetering First Republic
A plan led by Treasury Secretary Janet Yellen and JPMorgan Chase’s chief executive led to a $30 billion infusion by 11 of the largest U.S. banks.
As Plundered Items Return to Wounded Knee, Decisions Await
The Oglala Sioux Tribe recently secured the return of cultural objects kept for over a century in a tiny Massachusetts museum. Now it is seeking consensus on their final resting place.
Florida Scoured Math Textbooks for ‘Prohibited Topics.’ Next Up: Social Studies.
Behind the scenes, one publisher went to great lengths to avoid mentions of race, even in the story of Rosa Parks.
News: South Korea-Japan Summit In Tokyo, Finland NATO Membership Status
March 16, 2023: As the leaders of South Korea and Japan meet in Tokyo, are we entering a new era in relations? Plus: Ankara hints at ratifying Finland’s Nato bid, a flick through the day’s papers and the latest film news.
Front Page: The New York Times – March 16, 2023
Bank Fears Go Global, Sending a Shudder Through Markets
Stomach-churning volatility in stocks, bonds and other assets on Wednesday reflected renewed worries about the state of the economy and the risks lurking in the financial system.
Federal Reserve and Lawmakers Eye Bank Rules After Collapse
The stunning demise of Silicon Valley Bank has spurred soul-searching about how large and regional banks are overseen.
Credit Suisse to Borrow Up to $54 Billion From Central Bank
The announcement came after investors, fearing that the bank would run out of money, began dumping its stock.
Seaweed Is Having Its Moment in the Sun
Seaweed is being reimagined as a plastic substitute, even as cattle feed. But can it thrive in a warming world?
News: Blinken Travels To Ethiopia, Pakistan Clashes, Russia Downs U.S. Drone
March 15, 2023: Antony Blinken heads to Addis Ababa. Plus: violent clashes break out in Pakistan, Indonesia’s tourist motorbike ban, the latest business news and we head to Frankfurt for the world’s biggest bathroom gathering.
Front Page: The New York Times – March 15, 2023
Russian Warplane Hits American Drone Over Black Sea, U.S. Says
The incident was the first known physical contact between the two militaries since the war in Ukraine began last year.
Stubborn inflation makes the Fed’s interest rate decision fraught.
The Consumer Price Index cooled to a 6 percent annual increase in February, but a closely watched monthly index climbed quickly.
Inside the Collapse of Silicon Valley Bank
While its leader extolled innovation and the future of tech, the bank paid less attention to risk management and was caught flat-footed by economic change.
How Washington Decided to Rescue Silicon Valley Bank
Officials were initially unsure about the need for the measures they eventually announced to shore up the financial system, but changed their minds quickly.
News: U.S. Banking Failure Fallout, Moldova Foils Russian-Backed Unrest
March 14, 2023: Following the collapse of Silicon Valley Bank and Signature Bank, is Joe Biden facing a crisis of confidence in US financial institutions?
Plus: political turbulence in Moldova, Nicaragua’s decision to suspend relations with the Vatican and a special interview with Estonia’s former president Toomas Hendrik Ilves.
Front Page: The New York Times – March 14, 2023
Regional Banks Slammed by Fear of a Broader Financial Crisis
Across the country, banks of various sizes are battling market turmoil as customers rushed to withdraw their deposits and investors, worried about more bank runs, dumped bank stocks.
Back-to-Back Bank Collapses Came After Deregulatory Push
Officials with Signature and Silicon Valley banks, which regulators seized in recent days, called for looser financial requirements for midsize banks.
Federal Reserve’s Path Is Murkier After Bank Blowup
The Fed has been rapidly raising interest rates to fight inflation. But making big moves could be trickier amid instability.
‘Russia Outside Russia’: For Elite, Dubai Becomes a Wartime Harbor
In the exclusive neighborhoods and palatial shopping malls of the United Arab Emirates’ biggest city, wealthy Russians can build a new life without having to cut ties to their home country.
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