DIRS.INFO The most relevant business & tech news

In prepared testimony published on Monday by the Senate Banking Committee, Becker said he believed the bank was responsive to regulator concerns about managing risk and working to address issues before an "unprecedented" bank run led to its failure. Becker said he did not believe "that any bank could survive a bank run of that velocity and magnitude." The former executives for New York-based Signature Bank, which also failed in March, maintained the bank could have survived had regulators not chosen to close it, according to separate testimony. California banking regulators moved quickly to shut SVB down on March 10 after depositors withdrew $42 billion in 24 hours. Regulators closed Signature on March 12 after it also experienced liquidity issues following SVB’s collapse.

☆ 'I got a check the other day for $8': TV and film writers share why they're on strike
▼ + stars: | 2023-05-13 | by ( Gili Malinsky | ) www.cnbc.com time to read: +7 min

TV and film writers at the picket line in New York on the first day of the WGA strike, May 2, 2023. Every three years, the Writers Guild of America, the TV and film writers' union, negotiates a contract with the Alliance of Motion Picture and Television Producers. "You go from job to job," and each contract can look different from writer to writer depending on their experience, for instance. TV writer Sheri Holman on strike in New York. TV and film writer Chisa Hutchinson.

☆ Hunter’s Laptop All Over Again
▼ + stars: | 2023-05-10 | by ( William Mcgurn | ) www.wsj.com time to read: 1 min

William McGurn is a member of The Wall Street Journal editorial board and writes the weekly "Main Street" column for the Journal each Tuesday. Previously he served as Chief Speechwriter for President George W. Bush. Mr. McGurn has served as chief editorial writer for The Wall Street Journal in New York. He spent more than a decade overseas -- in Brussels for The Wall Street Journal/Europe and in Hong Kong with both the Asian Wall Street Journal and the Far Eastern Economic Review. Bill is author of a book on Hong Kong ("Perfidious Albion") and a monograph on terrorism ("Terrorist or Freedom Fighter").

Persons: William McGurn, George W, Bush, McGurn, Bill Organizations: Wall Street, The Wall Street, Street Journal, Economic, Washington, National Review, Foreign Relations, Notre Dame, Communications, Boston University Locations: New York, Brussels, Europe, Hong Kong

☆ The Age of Dianne Feinstein
▼ + stars: | 2023-05-09 | by ( William Mcgurn | ) www.wsj.com time to read: 1 min

[1/3] Federal Reserve Board Vice Chair for Supervision Michael Barr and Federal Deposit Insurance Corporation Chairman Martin Gruenberg testify at a House Financial Services Committee hearing on the response to the recent bank failures of Silicon Valley Bank and Signature Bank, on Capitol Hill in Washington, U.S., March 29, 2023. REUTERS/Kevin LamarqueMay 2 (Reuters) - The U.S. Senate Banking Committee said on Tuesday it would hear from former top officials at the failed Silicon Valley Bank and Signature Bank, as well as top U.S. banking regulators at separate hearings later this month. Gregory Becker, the former CEO of Silicon Valley Bank, and Scott Shay and Eric Howell, former senior executives for Signature Bank, will appear on May 16. On Monday, regulators closed a third firm, First Republic, which then was sold to JP Morgan Chase. The panel will also hear from top regulators for the states of New York and California, which helped oversee the two failed firms.

WASHINGTON, May 1 (Reuters) - JPMorgan Chase & Co's (JPM.N) deal to buy First Republic Bank pushed the Biden administration into a corner, leaving officials scrambling to explain how their stance against mergers squared with allowing the largest U.S. bank to get even bigger. At a White House event on small business on Monday, President Joe Biden hailed the sale of the troubled San Francisco-based lender, saying it would protect all depositors and avert a government bailout. "A poorly supervised bank was snapped up by an even bigger bank — ultimately taxpayers will be on the hook," Warren tweeted. "No recent administration has done more to promote competition, address (the) concentration process across industries," she told a White House briefing. Jean-Pierre added that Biden administration officials valued the fact that community banks offer services to those who might not otherwise have banking access.

☆ A commuter train excavation near Notre Dame Cathedral has uncovered a 2,000-year-old necropolis containing bodies buried with coins in their mouths and an entire pig skeleton
▼ + stars: | 2023-05-01 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

Remains of at least 50 men, women, and children were unearthed during excavation for a train line. The burials of a large necropolis, located south of Lutèce in the 2nd century AD , have been unearthed. The burials of a large necropolis, located south of Lutèce in the 2nd century AD, have been unearthed. One pit unearthed by the researchers contained the skeleton of a whole pig, though it is unclear what purpose it may have served. The burials of a large necropolis, located south of Lutèce in the 2nd century of our era, have been brought to light.

Summary A relatively small number of law schools dominate federal clerkships(Reuters) - A quarter of Stanford Law School’s 2022 graduates landed federal clerkships—the highest percentage among all U.S. law schools, according to new data from the American Bar Association. The University of Notre Dame Law School and the University of Virginia School of Law round out the top five with 15% and nearly 13% of 2022 graduates in federal clerkships. The latest ABA data shows that just 3% of the 36,078 law graduates in 2022 are clerking for federal judges. Some federal judges hire law students for clerkships that won't begin for a year or two, allowing them to gain experience first. Read more:These law schools aced the job market in 2022Large U.S. law firms love hiring from these schoolsOur Standards: The Thomson Reuters Trust Principles.

☆ Bernard Arnault, the world's richest person, was nicknamed the 'wolf in cashmere' by rivals because of his predatory takeover moves. His company just hit a $500 billion valuation.
▼ + stars: | 2023-04-29 | by ( Mary Hanbury | ) www.businessinsider.com time to read: +4 min

Bernard Arnault is head of luxury giant LVMH and the world's richest person worth $206 billion. He earned the nickname the "wolf in cashmere" because of his ruthless moves to acquire rivals. It's enabled him to create the world's largest luxury conglomerate, which was valued at $500 billion this week. "Arnault is a man of great vision," Pierre Mallevays, former head of acquisitions at LVMH, previously told The Guardian. It was during his pursuit of Hermès International that he earned the nickname of the "wolf in cashmere."

☆ 43-year-old used her life savings to open a bar that only plays women's sports—it brought in almost $1 million in 8 months
▼ + stars: | 2023-04-27 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +4 min

When Jenny Nguyen signed the lease to create her dream bar, she wasn't sure it would stay open for more than a few months. Aptly named The Sports Bra, it's a sports bar where only women athletes appear on the TVs. The Sports Bra brought in $944,000 in revenue in the eight months it was open in 2022, according to documents reviewed by CNBC Make It. "Me, personally, I thought the idea was brilliant and that [it was] what the world needs," Nguyen says. "The very first thing that came into my mind was The Sports Bra," Nguyen says.

CNN —President Joe Biden and first lady Jill Biden capped South Korean President Yoon Suk Yeol’s official state visit with a glamorous state dinner at the White House Wednesday night to celebrate the two nations’ 70-year alliance. May we do it together for another 170 years.”But Biden wasn’t the only leader who took the mic. Following a round of musical performances, his South Korean counterpart joined him on stage to give his own – a karaoke rendition of Don McClean’s “American Pie” – which received a standing ovation from the crowd. The elaborate dinner is the result of weeks of careful diplomatic preparations, with each detail meticulously planned by a team of White House chefs, social staff, and protocol experts. U.S. President Joe Biden and first lady Jill Biden pose with South Korea's President Yoon Suk Yeol and first lady Kim Keon Hee in front of the Grand Staircase of the White House before an official State Dinner, in Washington, U.S. April 26, 2023.

☆ On Randi Weingarten’s Waterfront
▼ + stars: | 2023-04-26 | by ( William Mcgurn | ) www.wsj.com time to read: 1 min

☆ How to put your best travel foot forward for Earth Day 2023
▼ + stars: | 2023-04-22 | by ( Forrest Brown | ) edition.cnn.com time to read: +20 min

But you don’t have to totally cut out travel or stay super close to home to be a good planetary citizen. You need a city that’s dedicated to getting it right to best enjoy an urban biking vacation. Here, we've curated 30 of our favorite corners, including the Thu Bon River, which flows through central Vietnam. A maze of rivers and caves, the UNESCO World Centre is defined by its craggy limestone facades and jade green water. Bruno De Hogues/Photodisc/Getty Images Phong Nha-Ke Bang National Park: A UNESCO World Heritage, Phong Nha-Ke Bang National Park is heaven for spelunkers.

☆ Oklahoma to vote on first religious charter school in US
▼ + stars: | 2023-04-11 | by ( Brad Brooks | ) www.reuters.com time to read: +4 min

April 11 (Reuters) - An Oklahoma school board is set to vote on Tuesday on whether the state will allow the first taxpayer-funded religious charter school in the U.S. - a decision that promises to ignite a legal battle testing the concept of separation of church and state. The Statewide Virtual Charter School Board will vote on an application backed by the Catholic church for the creation of St. Isidore of Seville Catholic Virtual School, planned by its organizers to offer an online education for kindergarten through high school initially for 500 students and eventually 1,500. The board is a state entity that considers applications for charter schools - publicly funded but independently run - that operate virtually in Oklahoma. Laser disagreed and said her organization would fight the Catholic church in any court over St. Isidore and any other publicly funded religious school. "There is an attack being waged on public schools in Oklahoma, and that attack is to convert public schools into religious schools," Laser said.

☆ His Golden Hawk Evokes an Era When Studebaker Soared
▼ + stars: | 2023-04-08 | by ( A.J. Baime | Photographs Bryan Banducci For The Wall Street Journal | ) www.wsj.com time to read: 1 min

Ryan Kerrigan , 50, a managing director of Kerrigan Advisors, an automotive retail transaction services firm, living in Incline Village, Nev., on his 1957 Studebaker Golden Hawk, as told to A.J. The campus is next to South Bend, Ind. South Bend was caught in the past. It had these big, hulking factories that were defunct, and the most noteworthy was what remained of the massive Studebaker factory. That is what initiated my interest in the Studebaker story.

☆ With Dueling Rulings, Abortion Pill Cases Appear Headed to the Supreme Court
▼ + stars: | 2023-04-08 | by ( Abbie Vansickle | Pam Belluck | ) www.nytimes.com time to read: +1 min

WASHINGTON — The dramatic dueling rulings by two federal district judges on Friday about access to a widely used abortion pill set up a lower court conflict that legal experts say will almost certainly send the dispute to the Supreme Court. “It really turbocharges the imperative for the Supreme Court to step in and to do so sooner rather than later,” said Stephen I. Vladeck, a law professor at the University of Texas at Austin. A federal judge in Texas issued a preliminary ruling on Friday invalidating the Food and Drug Administration’s 23-year-old approval of the abortion pill mifepristone, which could make it more difficult for patients across the country to access the medication. Less than an hour later, a federal judge in Washington State issued a ruling in another case that contradicted the Texas judge by ordering the F.D.A. The Texas judge, Matthew J. Kacsmaryk, an appointee of President Donald J. Trump, stayed his order for seven days to allow the F.D.A.

☆ Oklahoma eyes first US religious charter school after Supreme Court rulings
▼ + stars: | 2023-04-06 | by ( John Kruzel | ) www.reuters.com time to read: +6 min

REUTERS/Jonathan ErnstApril 6 (Reuters) - An Oklahoma school board is set to consider next week whether to approve the first taxpayer-funded religious charter school in the United States in a move that follows recent U.S. Supreme Court rulings expanding religious rights. The board is a state entity that considers applications for charter schools - publicly funded but independently run - that operate virtually in Oklahoma. They estimated that it would cost Oklahoma taxpayers up to $25.7 million over its first five years in operation as a charter school. In 2020, the Supreme Court endorsed Montana tax credits that helped pay for students to attend religious schools. Secular opponents have said religious charter schools would violate legal limits on government involvement in religion.

☆ Milton Friedman’s School Choice Revolution
▼ + stars: | 2023-04-04 | by ( William Mcgurn | ) www.wsj.com time to read: 1 min

[1/3] FDIC representatives Luis Mayorga and Igor Fayermark speak with customers outside of the Silicon Valley Bank headquarters in Santa Clara, California, U.S. March 13, 2023. REUTERS/Brittany Hosea-SmallNEW YORK/WASHINGTON, March 31 (Reuters) - The Federal Deposit Insurance Corporation (FDIC) has retained advisers to sell the securities portfolios that the new owners of failed Silicon Valley Bank and Signature Bank rejected, according to people familiar with the matter. Silicon Valley Bank's and Signature Bank's securities portfolios carry a face value of around $90 billion and $26 billion, respectively, according to regulatory filings and statements by government officials. The FDIC estimates the sale of Silicon Valley Bank and Signature Bank will cost the deposit fund $20 billion and $2.5 billion, respectively. It will release final figures once sales of the loan books of the banks and their securities portfolios are complete.

The White House's push for more regulation comes after days of turmoil in the banking sector after the collapse of U.S. lenders Silicon Valley Bank and Signature Bank. "This ... is really about making sure that we are protecting the resilience and stability of the banking system going forward," the official added. Silicon Valley bank had $209 billion in assets at the end of last year. According to Federal Reserve data, about 30 banks had assets of more than $100 billion at the end of last year, a list that included Silicon Valley Bank and Signature Bank. The Fed and other bank regulators have indicated they are already looking to strengthen bank rules, particularly for firms between $100 billion and $250 billion in assets.

WASHINGTON, March 30 (Reuters) - The secretive world of Federal Reserve bank supervision has been laid bare by the collapse of Silicon Valley Bank and critics say it needs an overhaul to make it more nimble, transparent and decisive. Typically, bank supervisors do most of their work behind closed doors. Bank supervision is typically conducted behind closed-doors because of concerns that publicizing bank missteps could spur bank runs and undermine confidence in the overall system. SVB's rapid growth also was a factor for Fed supervisors. Barr said part of his review would look at whether Fed supervision was appropriate for the bank's "rapid growth and vulnerabilities."

☆ Women's NCAA roundup: No. 1 S. Carolina rolls past UCLA
▼ + stars: | 2023-03-25 | by ( ) www.reuters.com time to read: +2 min

Mandatory Credit: Jim Dedmon-USA TODAY SportsMarch 25 - Brea Beal had 10 points, seven rebounds and four assists as No. 1 South Carolina advanced to its third consecutive Elite Eight with an easy 59-43 victory over No. 4 UCLA on Saturday in the Greenville Regional 1 at Greenville, S.C.South Carolina - the tournament's top overall seed - led wire-to-wire in a game where UCLA trailed by double digits for the majority of the second half. UCLA (27-10) was powered by Charisma Osborne's 14 points and seven rebounds. Playing without injured starting guards Olivia Miles and Dara Mabrey, Sonia Citron led the Irish with 14 points, four assists and seven rebounds.

☆ This is the personality test you should take, says psychologist—it's a 'better predictor of behavior'
▼ + stars: | 2023-03-23 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +1 min

Personality tests are often treated as objective assessments of one's innermost intentions. There is something that personality tests such as the Enneagram and Myers-Brigg aren't telling you, though: It is possible to have a bad personality. There is one test that might be better at reflecting what personality traits you have and how that could affect your behavior, he said: the International Personality Item Pool Test, or IPIP. This is often a "better predictor of behavior," he said, than the more popular personality tests. [Personality tests] don't get into the dirty underbelly of personality.

☆ Are you 'The Achiever' or 'The Enthusiast'? Why so many people—including your boss—are obsessed with the Enneagram test
▼ + stars: | 2023-03-21 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +8 min

Even if you haven't taken the Enneagram test yourself, you may have been roped into a conversation about it. The Enneagram is 'focused on internal emotions rather than external behaviors'Unlike other personality tests, the Enneagram has an unlikely foothold in disparate communities. Howe, who lives in Pasadena, California, grew up taking the Myers-Briggs Test and other personality tests, but said the Enneagram is different. She first heard of the Enneagram test from a friend but didn't take it seriously until she read "The Road Back to You." Like astronomy or other typologies, every Enneagram test result is positive.

☆ Women's NCAA roundup: No. 1 South Carolina shines in 2nd half
▼ + stars: | 2023-03-20 | by ( ) www.reuters.com time to read: +3 min

[1/3] Mar 19, 2023; Columbia, SC, USA; South Carolina Gamecocks guard Zia Cooke (1) drives around South Florida Bulls guard Carla Brito (55) in the second half of South Carolina Gamecocks 76-45 victory at Colonial Life Arena, advancing them to the Sweet 16. Aliyah Boston added 11 points and 11 rebounds, while Laeticia Amihere came off the bench to net 10 points. Elena Tsineke scored 20 points to pace South Florida (27-7), while Sammie Puisis finished with 11 points and four rebounds. Kourtney Weber scored 14 points for the Bulldogs (22-11), who made just 18 of 61 attempts from the field (29.5 percent). Elizabeth Kitley added 14 points and 14 rebounds for her 21st double-double of the season.

Search resuls for: "NOTRE DAME"

25 mentions found