US government bailout of Silicon Valley and banks is $300B gift to rich oligarchs

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
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Spying In Plain Sight

Last week, the Biden administration asked Congress to permit its agents to continue to spy on Americans without search warrants. The actual request was to re-authorize Section 702 of the Foreign Intelligence Surveillance Act of 1978. FISA requires warrants from the FISA Court for all domestic spying. Section 702 is a 2008 amendment to FISA. It expressly authorizes warrantless spying of foreign persons.

Spying In Plain Sight

The World Economic Forum has outed itself as anti-Palestinian

The World Economic Forum has outed itself as anti-Palestinian

A few months later, I received a letter indefinitely suspending my membership. My request for the reasons for my suspension and an appeal has gone completely ignored. So much for the values of “stakeholder capitalism” and “cooperation in a fragmented world” that WEF publicly espouses. More like racism, abuse of power, and lack of transparency. I have learned firsthand that some YGLs are informants leaking private communications directly to the WEF’s leadership. Feels more like an authoritarian regime that spies on its constituency and loathes free speech than a global forum. As for my former YGLs, only a handful of true leaders actually protested my suspension. The silence of the remaining supposed “young global leaders” was deafening, but in retrospect, I realize that their silence is expressive of the exact type of Machiavellian leadership that the WEF seeks to foster.

Related:

WEF—Code of Conduct:

The World Economic Forum adheres to the principles of independence, impartiality, moral integrity and intellectual integrity.

[2021] Can we improve the world by remaining impartial?

What do you do when violent conflict erupts, innocent people get killed, and human rights are being violated? I believe any person with a heart and a moral compass would feel compelled to condemn the aggressors. Not doing so feels wrong on a moral level, and could raise the risk of further escalation. Are we misguided then, as an international institution, to not speak out unequivocally when conflicts emerge, and innocent people suffer? Are we “hiding” behind our impartiality?

[2022] Klaus Schwab and Børge Brende Statement on Ukraine

We therefore deeply condemn the aggression by Russia against Ukraine, the attacks and atrocities.

FDA Cracks Down on Animal Tranquilizer That Is Sometimes Mixed With Fentanyl

FDA Cracks Down on Animal Tranquilizer That Is Sometimes Mixed With Fentanyl

This is why fentanyl is used in black-market opioids in the first place. Users did not demand a substance that is 40 times more potent than heroin for recreational use; prohibitionist policies made it more challenging to procure pain medication, leading pain patients to seek out heroin. Heroin, however, is a crop drug, which makes it expensive to produce, ship, and buy. Fentanyl is synthetic, making it cheaper to produce, ship, and buy. When the law makes it harder to get legal pain pills, everybody adapts, and you get illegal fentanyl with no quality control.

Related:

The opioid crackdown leaves chronic pain patients in limbo

They Call Me a Drug Seeker. Here’s What Their Opioid Policies Did to Me.

The new CDC guidelines aren’t much better.