Wall Street Journal (December 28)
“The failure to anticipate how quickly the Fed would raise interest rates has upended banks big and small this year. Three bigger ones collapsed this spring, but it is community banks… that have been in a full-blown crisis. The losses on long-term bonds have unnerved depositors, investors and regulators who have questioned how bankers failed to properly protect themselves from interest-rate risks.”
Tags: Anticipate, Banks, Bonds, Collapsed, Community banks, Crisis, Depositors, Failure, Fed, Interest rates, Investors, Protect, Regulators, Risks, Unnerved, Upended
Financial Times (December 7)
“Not only does Bankman-Fried appear to be lacking in shame; he seems almost contemptuous towards those who feel complex moral emotions.” Feeling embarrassed is not sufficient “when we are talking about as much as $8bn having gone missing, as many as 1mn creditors having lost their money, and a collapsed $32bn crypto empire being investigated by criminal prosecutors for alleged fraud on a vast scale (which Bankman-Fried denies).”
Tags: $8bn, Bankman-Fried, Collapsed, Complex, Contemptuous, Creditors, Criminal prosecutors, Crypto, Embarrassed, Feeling, Investigated, Lacking, Missing, Moral emotions, Shame, Sufficient
Washington Post (December 29)
“Across the nation and the world, people who thought they knew how to avoid covid are getting a rude surprise. Safety precautions that had for so long felt talismanic ― get vaccinated, mask up, avoid large indoor gatherings — have in the past week or two collapsed under the weight of omicron, a much more highly transmissible variant than the ones before it.”
Tags: Avoid, Collapsed, Covid, Indoor gatherings, Mask, Omicron, Rude surprise, Safety precautions, Transmissible, Vaccinated, Variant, World
Washington Post (September 8)
“Washington feels like the capital of an occupied country,” filled with “institutional and administrative chaos; our military chain of command is compromised; people around the elected president feel impelled to act above the law and remove papers from his desk. The mechanisms meant to protect the state from an incompetent or dictatorial president are not being used because people in power no longer believe in them, or are afraid to use them. Washington feels like the capital of a state where the legal order has collapsed.”
Tags: Administrative, Chain of command, Chaos, Collapsed, Dictatorial, Elected, Incompetent, Institutional, Law, Legal order, Military, Occupied, Power, President, Protect, Washington
