The US Federal Reserve printed $300 billion in a week to save collapsing banks and bail out Silicon Valley oligarchs. 93% of Silicon Valley Bank’s deposits were uninsured, over the FDIC limit of $250,000, but the government still paid them. 56% of SVB’s loans went to venture capitalist and private equity firms.
US government bailout of Silicon Valley and banks is $300B gift to rich oligarchs
Tag: Republicans
Raising Social Security’s retirement age would slam low-wage workers yet again
A proposal by Sens. Angus King (I-ME) and Bill Cassidy (R-LA) to raise the Social Security retirement age to 70 would be a massive benefit cut, particularly affecting low-wage workers. If Congress enacts it, millions more Social Security taxpayers would not live long enough to collect a cent in retirement benefits.
Raising Social Security’s retirement age would slam low-wage workers yet again
Related:
Social Security Solvency: Raised Retirement Age More Likely as Congress Fails to Compromise
Journalistic Malpractice on Trial: What the Dominion Voting System Tells Us About How the Media Sacrificed their Credibility to Partisan Falsehoods
While the courts are unlikely to deliver solace from political party propaganda disguised as journalism, they have provided some wisdom. Both Rachel Maddow and Tucker Carlson of MSNBC and Fox News Channel respectively, have been brought to court for spreading false information and were exonerated because the judges concluded that no reasonable person would believe either of them were telling the truth. That is good advice, and viewers would be wise to remember it every time they consider watching cable news.
Silicon Valley Bank wasn’t “woke”: Tech billionaires are just as bad as Wall Street bros
Ignore GOP hype about the “liberal” tech industry — reckless, entitled libertarianism is what fuels Silicon Valley
Silicon Valley Bank wasn’t “woke”: Tech billionaires are just as bad as Wall Street bros
Related:
Elizabeth Warren: Silicon Valley Bank Is Gone. We Know Who Is Responsible.
Michael Hudson: Why the US banking system is breaking up
Economist Michael Hudson responds to the collapse of Silicon Valley Bank, and explains the similarities with the 2008 financial crash and the savings and loan crisis of the 1980s.
Michael Hudson: Why the US banking system is breaking up
Lynching the Deplorables
The criminal investigation undertaken by the federal government against hundreds of participants in the Jan. 6 storming of the U.S. Capitol is polarizing the country and shredding civil liberties.
Chris Hedges: Lynching the Deplorables
Biden’s program for mass hunger: Food stamps being cut back for 42 million
Food stamp benefits are being reduced across the board Wednesday, with 42 million Americans, all of them poor and many of them children, seeing cuts ranging from $95 to $235 a month per household. The average per capita payment will fall to $6.10 a day, or about $2 a meal.
Biden’s program for mass hunger: Food stamps being cut back for 42 million
Trump points fingers at the Biden administration in East Palestine visit
Former President Donald Trump made a campaign stop here Wednesday, using the aftermath of a train derailment and toxic chemical spill to take shots at President Joe Biden’s handling of the crisis.
Trump points fingers at the Biden administration in East Palestine visit
Related:
Russia policy after the war: A new strategy of containment
Gives us an idea of what the Atlantacists have in mind as they attempt, militarily, to hold onto their global dominance. This is not a new goal. It may be a new tactic, but, containing/balkanizing and exploiting Russia has long been the plan.
Russia policy after the war: A new strategy of containment
Investigation shows rail giant donated to Ohio governor a month before toxic crash
An investigation published Monday revealed that just weeks before a Norfolk Southern-owned train overloaded with hazardous materials derailed and caused a toxic chemical fire in East Palestine, Ohio, the rail giant donated $10,000—the maximum amount allowed—to help fund the inauguration of the state’s Republican Gov. Mike DeWine.
Investigation shows rail giant donated to Ohio governor a month before toxic crash
Ms. Cat’s Chronicles 
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