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A Business Perspective  


Sen. Ted Cruz introduces legislation to prevent the Biden administration from creating a centralized bank
Sen. Ted Cruz introduces legislation to prevent the Biden administration from creating a centralized bank
 
Some 186 financial institutions in the United States are vulnerable to a collapse if uninsured depositors seek to withdraw their funds, according to a study from analysts with the National Bureau of Economic Research.
Some 186 financial institutions in the United States are vulnerable to a collapse if uninsured depositors seek to withdraw their funds, according to a study from analysts with the National Bureau of Economic Research.
 
Billionaire investor Warren Buffett reportedly spoke with Biden administration officials in recent days about contending with the banking crisis.
Billionaire investor Warren Buffett reportedly spoke with Biden administration officials in recent days about contending with the banking crisis.
 
Michigan could be the first state in nearly 60 years to repeal a “Right to Work” (RTW) law.
 
Banking collapses have left the market reeling and worried about an imminent recession
 
New Study Shows NC Creates the Most Barriers to Earning a Living in the Region
 
Shares in First Republic Bank plummeted some 26% on Friday morning even after a rescue deal backed by a number of large financial institutions.
Shares in First Republic Bank plummeted some 26% on Friday morning even after a rescue deal backed by a number of large financial institutions.
 
Collapse of SVB could be partially attributed to liberal work from home policies, other companies reversing COVID work from home arrangements
Collapse of SVB could be partially attributed to liberal work from home policies, other companies reversing COVID work from home arrangements
 
Treasury Secretary Janet Yellen admitted in a Senate Finance Committee hearing Thursday that the Federal Deposit Insurance Corporation and the Federal Reserve might not guarantee large deposits at small community banks like they did for a failed California bank.
Treasury Secretary Janet Yellen admitted in a Senate Finance Committee hearing Thursday that the Federal Deposit Insurance Corporation and the Federal Reserve might not guarantee large deposits at small community banks like they did for a failed California bank.
 
Treasury Secretary Janet Yellen told members of the Senate Finance Committee on Thursday morning that the American financial system “remains sound” despite two recent bank failures.
Treasury Secretary Janet Yellen told members of the Senate Finance Committee on Thursday morning that the American financial system “remains sound” despite two recent bank failures.
 
Executives at investment bank Credit Suisse accepted a lifeline from Swiss authorities on Wednesday as concerns of a worldwide financial crisis loom.
Executives at investment bank Credit Suisse accepted a lifeline from Swiss authorities on Wednesday as concerns of a worldwide financial crisis loom.
 
SVB Financial Group, the parent company of now-defunct Silicon Valley Bank, is considering bankruptcy as a possible mechanism to sell its other assets, according to a Wednesday report from Reuters.
SVB Financial Group, the parent company of now-defunct Silicon Valley Bank, is considering bankruptcy as a possible mechanism to sell its other assets, according to a Wednesday report from Reuters.
 
After a train carrying highly toxic chemicals derailed in East Palestine, Ohio, President Joe Biden hopped on Air Force One, transferred to a train and went to … Ukraine.
After a train carrying highly toxic chemicals derailed in East Palestine, Ohio, President Joe Biden hopped on Air Force One, transferred to a train and went to … Ukraine.
 
Officials with the United States Surface Transportation Board approved the merger of Kansas City Southern Railway Company and Canadian Pacific Railway Limited on Wednesday, marking the first combination of major rail companies in two decades.
Officials with the United States Surface Transportation Board approved the merger of Kansas City Southern Railway Company and Canadian Pacific Railway Limited on Wednesday, marking the first combination of major rail companies in two decades.
 
BlackRock CEO Larry Fink told investors on Wednesday that the asset management company views climate change as a risk to portfolio companies.
BlackRock CEO Larry Fink told investors on Wednesday that the asset management company views climate change as a risk to portfolio companies.
 
Meta CEO Mark Zuckerberg announced that the social media company would dismiss 10,000 employees and cease efforts to fill 5,000 open roles amid economic turmoil and lackluster performance.
Meta CEO Mark Zuckerberg announced that the social media company would dismiss 10,000 employees and cease efforts to fill 5,000 open roles amid economic turmoil and lackluster performance.
 
Deposits have grown by more than $15 billion in Charlotte-based bank as investors seek safer shelter for their money
Deposits have grown by more than $15 billion in Charlotte-based bank as investors seek safer shelter for their money
 
Shares in Credit Suisse plummeted on Wednesday morning amid lackluster firm performance and spreading fears of a worldwide financial crisis.
Shares in Credit Suisse plummeted on Wednesday morning amid lackluster firm performance and spreading fears of a worldwide financial crisis.
 
Moody’s Investors Service, one of the three prime rating services, downgraded its rating of the entire banking system from stable to negative in response to the SVB banking crisis.
Moody’s Investors Service, one of the three prime rating services, downgraded its rating of the entire banking system from stable to negative in response to the SVB banking crisis.
 
We live in times when technology is becoming increasingly important and significantly transforming how people work. Of course, when you're bringing your work into the online realm, you need to be aware of the dangers it can bring to your data.
We live in times when technology is becoming increasingly important and significantly transforming how people work. Of course, when you're bringing your work into the online realm, you need to be aware of the dangers it can bring to your data.
 
When the next bank loaded with depositors exceeding $250,000 fails, will the federal government jump in to save the day as it is doing now with Silicon Valley Bank?
When the next bank loaded with depositors exceeding $250,000 fails, will the federal government jump in to save the day as it is doing now with Silicon Valley Bank?
 
Silicon Valley Bank collapsed because of bad decisions by senior management, but the historic failure was helped along by the Biden administration’s disastrous handling of the economy, Ben Shapiro said on his podcast Monday.
Silicon Valley Bank collapsed because of bad decisions by senior management, but the historic failure was helped along by the Biden administration’s disastrous handling of the economy, Ben Shapiro said on his podcast Monday.
 
Treasury Secretary Janet Yellen said Sunday that there would be no bailout for the collapsed Silicon Valley Bank.
Treasury Secretary Janet Yellen said Sunday that there would be no bailout for the collapsed Silicon Valley Bank.
 
Federal regulators announced over the weekend that they will fully back all depositors of Silicon Valley Bank, guaranteeing that they are paid back in full after the bank collapsed last week.
Federal regulators announced over the weekend that they will fully back all depositors of Silicon Valley Bank, guaranteeing that they are paid back in full after the bank collapsed last week.
 
Former President Trump might be glad Signature Bank refused his business following the Capitol riot, now that the New York-based lender is the latest institution to be shut down by regulators.
Former President Trump might be glad Signature Bank refused his business following the Capitol riot, now that the New York-based lender is the latest institution to be shut down by regulators.
 
Facebook’s parent company, Meta, is considering a decentralized, text-based social media platform comparable to Twitter after some users, many of whom are Left-leaning, are seeking alternatives due to the company’s acquisition by Elon Musk.
Facebook’s parent company, Meta, is considering a decentralized, text-based social media platform comparable to Twitter after some users, many of whom are Left-leaning, are seeking alternatives due to the company’s acquisition by Elon Musk.
 
North Carolina Secretary of Commerce Machelle Baker Sanders announced Wednesday that the state has entered into an international agreement with Denmark to advance its offshore wind energy production.
North Carolina Secretary of Commerce Machelle Baker Sanders announced Wednesday that the state has entered into an international agreement with Denmark to advance its offshore wind energy production.
 
Unemployment increased in February even as the number of new jobs exceeded analysts’ forecasts, according to data from the Bureau of Labor Statistics released Friday.
Unemployment increased in February even as the number of new jobs exceeded analysts’ forecasts, according to data from the Bureau of Labor Statistics released Friday.
 
The tax burden from illegal immigration at the federal, state, and local levels is roughly $150.7 billion per year, according to an analysis published on Wednesday by the Federation for American Immigration Reform (FAIR).
The tax burden from illegal immigration at the federal, state, and local levels is roughly $150.7 billion per year, according to an analysis published on Wednesday by the Federation for American Immigration Reform (FAIR).
 
The number of job openings in the United States decreased to 10.8 million as of January, according to data released on Wednesday by the Bureau of Labor Statistics, even as the number of available positions continues to drastically exceed the number of unemployed workers.
The number of job openings in the United States decreased to 10.8 million as of January, according to data released on Wednesday by the Bureau of Labor Statistics, even as the number of available positions continues to drastically exceed the number of unemployed workers.
 
Leaked memo shows that permits for oil drilling were rejected, despite knowing they could producer “greater energy security”
Leaked memo shows that permits for oil drilling were rejected, despite knowing they could producer “greater energy security”
 
The Cooper administration’s announcement of a “Memorandum of Understanding” with the nation of Denmark to share “knowledge, data, and best practices” over offshore wind energy development predictably set their media acolytes abuzz.
The Cooper administration’s announcement of a “Memorandum of Understanding” with the nation of Denmark to share “knowledge, data, and best practices” over offshore wind energy development predictably set their media acolytes abuzz.
 
There is growing demand for the right to repair technology, especially expensive farm equipment, without being compelled to use the manufacturer’s licensed professionals
There is growing demand for the right to repair technology, especially expensive farm equipment, without being compelled to use the manufacturer’s licensed professionals
 
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