“whether SVB’s situation would have been different had these regulations remained in place is highly questionable. “You knew just by looking at this bank that it was growing at exceptionally rapid rate, which should have been a red flag to look at,” Thomas Hoenig with the Mercatus Center at George Mason University told Marketplace. “So I don’t blame it on so much on the rollback of Dodd-Frank. I blame it on the fact that the bank management didn’t understand the fact that interest rates change and they need to be managing their portfolio accordingly.”
Besides, even without the stricter rules, bank regulators still could have acted but did not. So, the idea that new regulations are needed to stop the next midsize bank collapse is suspect, to say the least.”
…
“”It appears that the leading causes of the failure of Silicon Valley Bank were managers who maintained a woefully under-diversified asset sheet, and a small group of investors who sparked a panic that led depositors to withdraw money at a rate that would be unsustainable for any bank,” said Sen. Chris Coons (D–Del.) in a statement. “SVB was subject to federal and state supervision, and it’s not clear what additional regulatory requirements might have yielded a different outcome.””
“The United States on Wednesday imposed sanctions on at least four Turkey-based entities it said violated U.S. export controls and helped Russia’s war effort, in the biggest U.S. enforcement action in Turkey since the invasion of Ukraine last year.
The designations – which included an electronics company and a technology trader alleged to have helped transfer “dual-use” goods – were part of a global sanctions package on more than 120 entities announced by the U.S. Treasury.
Washington and its allies imposed extensive sanctions on Russia after its invasion, but supply channels from Black Sea neighbour Turkey and other trading hubs, including Hong Kong and the United Arab Emirates, have remained open.
A U.S. administration official told Reuters the sanctions targeted entities and people in Turkey’s maritime and trade sectors that were “primarily” Russia-owned or Russia-linked.
“It’s meant as a warning shot in the evolving phase of enforcing export controls,” the official said, requesting anonymity.”
The solution: the Sowing Life project, a $3.4 billion program that pays farmers to plant fruit and timber trees on barren land. Not only will this help spruce up the environment, but it will fight poverty and inequality by paying the farmers to maintain the new trees.
Sounds like a great idea, with the best of intentions. What could possibly go wrong?
It turns out poor farmers need money. And since standing trees didn’t qualify for the program, the system incentivized farmers to cut down mature trees to make way for new ones.
In one village, two-thirds of the program’s participants cut down forests to get that cash.
One study found the program caused the deforestation of more than 280 square miles.”
“State lawmakers in at least six states have recently introduced bills related to sex work. Some of these measures would decriminalize prostitution, while others would stipulate stronger criminal penalties for prostitution.
States considering the former have the right idea. Decriminalizing prostitution has been linked to an array of positive outcomes, from lower rates of sexual violence and sexually transmitted infections overall to less violence against sex workers. It means fewer law enforcement resources wasted on policing consensual activity between adults, freeing up time and money for stopping and solving serious crimes. It’s supported by organizations including Amnesty International, Human Rights Watch, the American Civil Liberties Union, the Global Alliance Against Traffic in Women, and the World Health Organization. It’s also in line with what sex workers around the world say they need.”
“” Professors are not mouthpieces for the government. For decades, the Supreme Court of the United States has defended professors’ academic freedom from governmental intrusion,” Joe Cohn, legislative and policy director at the Foundation for Individual Rights and Expression (FIRE), tells Reason. “As the Supreme Court wrote in Keyishian v. Board of Regents: ‘Our Nation is deeply committed to safeguarding academic freedom, which is of transcendent value to all of us and not merely to the teachers concerned. That freedom is therefore a special concern of the First Amendment, which does not tolerate laws that cast a pall of orthodoxy over the classroom.'”
…
“Unfortunately, Rufo’s ideas aren’t hypothetical. In recent months, several legislative efforts—most notably in Florida—have attempted to quash professors’ academic freedom. “Legislative initiatives like the STOP Woke Act and HB 999 seek to use the power of the state to shut down speech and scholarship on politically disfavored views,” adds Cohn. “These efforts cannot be squared with our longstanding national commitment to academic freedom.”
An argument supporting censorship in the name of “the pursuit of truth as the telos of America’s public universities,” as Rufo claimed, is ultimately shortsighted. Not only does Rufo fail to see how the powers he would give the government could be wielded against his ideological allies, but he also fails to see how censorship ultimately runs counter to the same American values he claims to support.
“Professors must be able to teach, conduct research, and publish scholarship without fear of viewpoint-based retribution from the government,” says Cohn. “And students must be able to learn from faculty who are not muzzled by the state.””
“Even if you despise the media, you should be rooting for more government transparency. Some of the worst journalism happens when no one has hard evidence one way or another and the only sources are government press releases and anonymous officials. Take for example the months of speculation surrounding the death of U.S. Capitol Police Officer Brian Sicknick, all of which was enabled by erroneous government statements and the fact that Capitol Police records and autopsy reports were confidential. As I wrote then, “In a vacuum of primary sources, bullshit will prevail. If you want faster, more accurate reporting, demand better public record laws and more transparency from officials.”
The power-hungry demagogues and partisan pundits trying to tear this country apart dream of a perfectly fact-free environment where anything can be claimed and nothing can be confirmed. Strong public record laws are the antidote to the farces and tragedies they would inflict.”
“Nicholas Chappelle spent almost a year in an Oregon prison after he was wrongfully convicted of driving with a suspended license. The reason for his incarceration? A shoddy DMV database. And the worst part is he’s not alone.
While it’s unclear just how many Oregonians have been wrongfully arrested or convicted due to errors in the database, at least 3,000 licenses have been mislabeled as indefinitely suspended. At least five wrongful arrests or convictions have been identified.”