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December 07, 2024

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rabbithole

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Representative Jeff Jackson

Open in app or online Stopping a bank run Last night we had an emergency Zoom call with most of Congress. Here’s why. JEFF JACKSON MAR 13 SAVE ▷ LISTEN Last night there was an emergency Zoom call with several hundred members of Congress. It was convened by the Treasury Department. We were given 15 minutes notice. It was literally on regular Zoom. I was emailed a link. I clicked it and suddenly I was in a very normal-looking Zoom room, only this one had most of Congress in there. (It wasn’t even presentation mode - just a wide-open Zoom room where people had to be reminded to mute themselves when they weren’t speaking. It was wild.) The purpose was to announce the extraordinary steps that will now be taken to secure our financial system. Here’s what’s happening: As most of you know, three days ago, we had the second-largest bank failure in American history. It happened because Silicon Valley Bank in California lost a lot of money, its depositors got scared, and there ...

South Burlington - The Other Paper

This paper feels very impersonal. There are no personal ads anywhere. Why is everyone so scared of what is real? Why do companies feel like they need to protect themselves from thier customers? Do they need to? How much does public sentiment decide if a newspaper lives or dies or is it that there are other factors such as paper is a dying format and the news has not figured out how to interest young people in local endevors how do we interest younger people in local endevors?

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