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"A decision based on knowledge produces less commotion than one based on emotion." -- Jim Tanner
US President Joe Biden pledged on Monday to do whatever was needed to address a banking crisis threatened by the collapses of Silicon Valley Bank and Signature Bank which forced regulators to step in with emergency measures.
Biden's address came after weekend moves by the United States to guarantee deposits at collapsed tech-focused lender SVB failed to reassure investors about the health of other banks around the world.
Europe's STOXX banking index fell 5.8% on Monday and was on track for its biggest two-day fall since March 2022, soon after Russia invaded Ukraine. Germany's Commerzbank fell as much as 12.7%, while Credit Suisse hit a new record low after falling more than 15%.
This month, ICAN’s attorneys reviewed a startling 2,237-page report from June 2020 (amended in September 2020) that Pfizer submitted to the FDA concerning its mRNA COVID-19 vaccine.
The study looked at the toxicity of Pfizer’s vaccine using four different doses (including the one eventually authorized for emergency use, BNT162b2) and involved 255 rats (219 received vaccine, 36 received control) for a test period of 10 to 17 days with “3 additional weeks for the animals scheduled for the recovery period.”
One would imagine that, since the vaccine was authorized, approved, and injected into millions, the rats did not experience any negative health effects. Sadly, that is not the case.
While the Pfizer claims in the report that the rats tolerated the vaccines “without evidence of systemic toxicity,” its detailed findings indicate that was anything but the truth, as the following issues in major organs groups were observed:
Enlarged adrenal glands
Enlarged lymph nodes
Kidney and liver congestion
Increased fibrinogen concentration
All of these issues clearly show effects beyond the injection site. Of particular concern is the increased fibrinogen concentration; fibrinogen is made in your liver and helps your blood clot. Increased fibrinogen is associated with blood clotting, heart disease, blood vessel dysfunction, and stroke. These issues were also seen with the dose level that was eventually licensed.
Depending on which side of the climate situation you stand, you’ll view President Biden’s action as either “protecting” 16 million acres or “blocking” 16 million acres.
You’ll find headlines of either stance all over the internet following the announcement that his administration is indefinitely blocking 16 million acres of federal land and water in Alaska from future fossil fuel drilling.
The Department of Interior (DOI) set out to make rules related to 13 million acres of land that was side aside by Congress for resource development.
The DOI wanted to “establish maximum protection” for the land across the National Petroleum Reserve (NPR) located in North Slope Borough, Alaska.
Trading was temporarily halted in dozens of regional banks this morning as shares fell by up to 75 percent when the market opened after Joe Biden claimed 'US banking is safe.'
Major US banks were also hit as contagion fears spread through the sector with Wells Fargo plummeting 7.5 percent, Bank of America falling 7.4 percent, Citigroup plunging 5.8 percent and JP Morgan down 2.7 percent.
Regional bank Western Alliance saw its stock price plunge by three quarters as the opening bell sounded on Wall Street, while shares in First Republic dived 67 percent and PacWest by more than 35 percent. Trading circuit breakers were swiftly implemented to protect the market from rampant volatility.
Biden addressed the nation from the Roosevelt Room in the White House as he attempted to avert a broader catastrophe from sweeping the financial system following the collapse of Silicon Valley Bank on Friday.
'Americans can have confidence that the banking system is safe,' he said just minutes before the market opened.
Teachers and activists are pushing for high schools to drop their calculus courses to increase equity as many minority and low-income students don’t have access to the class, according to The 74, a nonprofit news organization covering education.
In the 2017-2018 school year, 76% of schools with “low student of color enrollment” offered calculus while 52% of schools with a high proportion of students of color offered the advanced math course, according to a Learning Policy Institute report. The course, teachers and activists argued, is disproportionately offered to students not of an underrepresented group, giving other students an advantage in the college admissions process, according to The 74.
“I am rightfully worried that the disproportionate focus on calculus is unfairly excluding students, particularly students who come from backgrounds that have been historically excluded — and are still being excluded — from STEM majors and the well-paying careers that can follow,” Sarah Spence Adams, professor of mathematics at Olin College of Engineering in Needham, Massachusetts, told the outlet.
Hundreds of thousands of American lives lost because those in China and Mexico are attacking the United States with the deadly fentanyl epidemic.
A million dead because of a virus that most likely leaked, or was released, from a Chinese laboratory.
Untold numbers of innocent Afghanis turned over to the terrorists in the Taliban – with dire results.
All of these actions have been allowed by Joe Biden, and they amount to treason, according to David Horowitz.
Did you think that the Federal Reserve would just stand by and watch the U.S. banking system completely collapse? In response to the stunning failures of Silicon Valley Bank and Signature Bank, the Federal Reserve announced a rescue plan on Sunday evening that is going to radically change banking in America forever.
All deposits at Silicon Valley Bank and Signature Bank will be fully guaranteed and will be available on Monday. Of course, the Federal Reserve can’t just make an exception for these two banks. If they are going to do this for them, that means that they are going to have to do it for everyone else too.
So what this means is that from this point forward the Federal Reserve is essentially promising to guarantee every bank account in America. Considering the fact that more than 19 trillion dollars is deposited with U.S. banks, that is quite a promise to make.
A British Airways pilot has collapsed and died suddenly after suffering a heart attack shortly before he was due to fly a packed passenger jet.
The pilot, who hasn’t been identified by the airline, died at a hotel in Egypt after collapsing unexpectedly.
He was on his way to Cairo Airport to fly a British Airways (BA) plane back to Heathrow in the UK.
There were roughly 200 passengers aboard the flight that the deceased pilot was due to fly.
The pilot was with the rest of his fellow crew members when he collapsed as they prepared to travel to the airport, according to reports.
The flight crew gave first aid to their colleague in the foyer of the hotel in Cairo after he had a heart attack.
When you think of a household budget, you probably consider how much money you can spend based on your available income during a certain period of time. President Biden’s 2024 “budget” is less an exercise in matching income with expenditures and more an exercise of seeing how big he can grow the government until the entire house of cards comes crashing down.
This would be dangerous at any point in time. It is more so given the current financial backdrop.
Two storms were poised to strike the East and West coasts on Monday, forecasters said, bringing a nor’easter from New York to Maine and yet another atmospheric river to California.
Parts of the Northeast, which have had a mild winter, are expected to get heavy rain and snow, forecasters said. It could be one of the region’s biggest storms before winter ends next week. Along the Pacific Coast, another atmospheric river was set to add to the dizzying tally of storms this winter that have caused historic flooding and near-record rainfall.
New York City and surrounding areas were expected to get about 2 inches of rain during the nor’easter on Monday and Tuesday, the National Weather Service said. New England could see heavy and wet snow, including more than 2 feet in the mountains, forecasters said. The National Weather Service warned it could be difficult to commute in some places.
The House Oversight Committee has subpoenaed Bank of America for records related to Hunter Biden’s business dealings, Fox News has learned, and is already receiving documents from the bank that have "opened new avenues of investigation about the Biden family’s business schemes."
Committee Chairman James Comer, R-Ky., subpoenaed Bank of America for "all financial records" from three of Hunter Biden’s business associates dating from Jan. 20, 2009 to the present.
"The Oversight Committee has subpoenaed and obtained financial records related to the Biden family’s influence peddling," a committee spokesperson told Fox News Digital. "These documents solidify our understanding of several areas of concern and have opened new avenues of investigation about the Biden family’s business schemes."
Gov. Gretchen Whitmer, D-Mich., is under fire for admitting that some of her decisions during the COVID-19 pandemic "in retrospect don't make a lot of sense," citing her restriction of seed sales during the lockdown.
In a sit-down interview, Whitmer recently told CNN's Chris Wallace that looking back, some of the restrictions implemented on Michigan residents during the height of the pandemic were not necessary. "We had to make some decisions that in retrospect don't make a lot of sense, right? You could go to the hardware store, but we didn't want people, you know, all congregating around the gardening supplies... It was February in Michigan, no one was planting anyway. But that being said, some of those policies I look back on and think that was maybe a little more than we needed to do," the Democratic governor said.
Despite claiming the ban was in February, Whitmer's executive order limiting seed and gardening sales spanned into April 2020.
According to a March 13 tweet by Okcoin CEO Hong Fang, the U.S. affiliate of cryptocurrency exchange OKX had no exposure to defunct U.S. tech bank Silicon Valley Bank (SVB). However, Fong stated that Okcoin’s U.S. dollar wire and ACH deposits have been “immediately paused” due to the regulatory intervention in Signature Bank, Okcoin’s primary partner for customer transactions in dollars.
On March 12, New York state regulators closed Signature Bank, a major financial institution for fiat-crypto on-ramping, citing a “systemic risk exception” in the wake of SVB’s collapse. In addition to suspending dollar deposits, Fang wrote that “over-the-counter services will be temporarily paused too,” including its quick buy and recurring buy functions. Okcoin also stated that the suspension extends to “crypto transactions by credit card” and “trading USD-crypto trading pairs.”
In response to user inquiries, Fang clarified that “all corporate and all customer funds are safe” and “USD withdrawal not affected. The processing pace will be subject to bank operation.” All crypto deposit and withdrawal functions remain intact, including those of U.S. dollar-pegged stablecoins. Furthermore, the suspension appears limited to dollar deposits, as other fiat deposit methods, such as those made in euros, are unaffected.