Wall Street Journal (January 22)
“The rash of failures showed how interconnected the crypto lenders were, allowing market shocks to ripple through one lender to the next.” Though they essentially “have the same business model as banks,” crypto lenders lack the regulatory protections and failsafe measures, which ensure “small depositors are kept whole in the case of a bank failure.”
Tags: Banks, Business model, Crypto lenders, Depositors, Failsafe, Failures, Interconnected, Market shocks, Rash, Regulatory protections, Ripple
Chicago Tribune (December 17)
“Chicago-based Boeing said Monday that it will suspend production of the Max starting sometime in January.” The 737 Max is the largest U.S. export product. “Shares of major manufacturers that supply Chicago-based Boeing with critical elements of the 737 Max fell Tuesday” and the “ramifications are likely to ripple beyond the factory floor and across both the aviation and manufacturing sectors. The decision could affect the country’s trade balance.”
Tags: Aviation, Boeing, Chicago, Export, Manufacturers, Manufacturing, Production 737 Max, Ripple, Shares, Suspend, Trade balance, U.S.
