Category Archives: News

News: Biden Meets EU’s Von Der Leyen, China’s Motives, SVB Bank, Nigeria Fallout

March 13, 2023: What’s China’s standing with the West after US president Joe Biden and European Commission president Ursula von der Leyen meet in Washington? Plus: unpacking the Nigeria elections fallout, a roundup of Asia-Pacific papers and all the winners and surprises on Hollywood’s biggest night.

Front Page: The New York Times – March 13, 2023

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Regulators Close Another Bank and Move to Protect Deposits

The Treasury, Federal Reserve and Federal Deposit Insurance Corporation unveiled a plan to contain fallout from Silicon Valley Bank’s collapse, and said taxpayers would not bear the costs.

U.S. Steps In to Protect All Deposits at Silicon Valley Bank

Regulators also moved to contain damage, closing another bank. The Bank of England said HSBC would buy the British subsidiary of Silicon Valley Bank.

Ukraine Steps Up Calls for Evacuation of Kupiansk Under Relentless Russian Shelling

Attacks on the northeast town in the Kharkiv region of Ukraine continued on Sunday.

War in Ukraine Puts Centuries of Swiss Neutrality to the Test

The Alpine state makes arms that Western allies want to send to Kyiv. Swiss law bans this, driving a national debate about whether its concept of neutrality should change.

UPenn Accuses a Law Professor of Racist Statements. Should She Be Fired?

Amy Wax and free speech groups say the university is trampling on her academic freedom. Students ask whether her speech deserves to be protected.

Front Page: The New York Times – March 12, 2023

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Biden Administration Expected to Move Ahead on a Major Oil Project in Alaska

The decision would allow an enormous $8 billion drilling project in the largest expanse of pristine wilderness in the United States.

Inside the Global Race to Turn Water Into Fuel

Hundreds of billions of dollars are being invested in a high-tech gamble to make hydrogen clean, cheap and widely available. In Australia’s Outback, that starts with 10 million new solar panels.

Chinese-Brokered Deal Upends Mideast Diplomacy and Challenges U.S.

The agreement negotiated in Beijing to restore relations between Saudi Arabia and Iran signaled at least a temporary reordering of the usual alliances and rivalries, with Washington left on the sidelines.

Fox’s P.R. Woes May Not Directly Translate to Legal Ones

Some of the unflattering private messages among the network’s hosts and executives may never become evidence when Dominion Voting Systems’ defamation case against Fox News goes to trial.

Front Page: The New York Times – March 11, 2023

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Silicon Valley Bank Fails After Run on Deposits

The Federal Deposit Insurance Corporation took control of the bank’s assets on Friday. The failure raised concerns that other banks could face problems, too.

U.S. Employers Keep Hiring, but Signs of Easing Are Seen

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The economy added 311,000 jobs in February despite higher interest rates. But hourly earnings rose more slowly as the pool of available workers grew.

Its Georgia O’Keeffe Is Worth Millions. And Its Dorms Need Updating.

In the face of declining enrollment, Valparaiso University in Indiana wants to raise money to renovate two dormitories by selling treasures from its art museum. Not everyone is on board.

Saudi Arabia and Iran Agree to Restore Ties, in Talks Hosted by China

The deal between regional rivals underlines China’s growing economic and political importance in the Middle East, and what some analysts say is waning American influence.

News: UK-France Summit In Paris, Vatican To Return Parthenon Sculptures

March 10, 2023: Can Rishi Sunak and Emmanuel Macron mend Anglo-French relations at their summit in Paris? Plus: the Vatican returns three Parthenon sculpture fragments, the latest aviation news and the final episode of our series lifting the lid on the world of espionage.

Front Page: The New York Times – March 10, 2023

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Biden’s $6.8 Trillion Budget Proposes New Social Programs and Higher Taxes

The president requested trillions in new spending that has no chance of passing a Republican House, even as he sought to reduce deficits by raising taxes on businesses and the rich.

Biden Moves to Recapture the Centrist Identity That Has Long Defined Him

In his latest budget proposal, President Biden is paying new attention to the nation’s fiscal health.

After two years championing progressive priorities, the president is speaking more to the concerns of the political middle as he prepares to announce a campaign for a second term.

Prosecutors Signal Criminal Charges for Trump Are Likely

The former president was told that he could appear before a Manhattan grand jury next week if he wishes to testify, a strong indication that an indictment could soon follow.

Weeks After Ohio Train Derailment, Health Concerns Mount

In a tight-knit town already skeptical of the government, the lack of concrete information, and the open-ended nature of the crisis, undergird anxiety.

News: NATO Debates Nord Stream Sabotage, Putin’s ‘Swiss Bank Account’ Trial

March 9, 2023: Defence ministers warn not to jump to conclusions on who was behind the Nord Stream explosions; and the trial of four bankers accused of helping Putin deposit millions of francs in Switzerland kicks off in Zürich.

Plus: India’s luxury-market boom, proposed plans to set a lunar time zone, and the latest segment in our spy series.

Front Page: The New York Times – March 9, 2023

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Justice Dept. Finds Pattern of Discriminatory Policing in Louisville

The review, undertaken after a specialized unit killed Breonna Taylor in a botched raid in 2020, paints a damning portrait of a department in crisis.

Biden Will Release Dead-on-Arrival Budget, Picking Fight With G.O.P.

The president’s plans have little in common with the budget Republicans are set to release this spring, as the nation hurtles toward a possible default on its debt.

The Lucrative Post-City Hall Life of an Adams Insider

Frank Carone, who stepped down as Mayor Eric Adams’s chief of staff in December, has found work with two commercial real estate titans, including one seeking a casino.

The Chatbots Are Here, and the Internet Industry Is in a Tizzy

The new technology could upend many online businesses. But for companies that figure out how to work with it, A.I. could be a boon.