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Ahead of a White House welcome for the leaders, Biden announced U.S. diplomatic recognition of two more Pacific islands nations, the Cook Islands and Niue. The White House said this year it would focus on priorities including climate change, economic growth, sustainable development, public health and countering illegal fishing. In Baltimore on Sunday, Pacific island leaders visited a Coast Guard cutter in the harbor and were briefed on combating illegal fishing by the Commandant of the Coast Guard, an official said. The White House in 2022 said the U.S. would invest more than $810 million in expanded programs to aid the Pacific islands. She added that Pacific island countries "welcome the U.S. re-engagement with the region, but don't want geopolitical tussles to result in an escalation of militarization."
Persons: Joe Biden, Walter E, Elizabeth Frantz, Biden, Manasseh Sogavare, Washington, Sogavare, Meg Keen, Sato Kilman, Kilman, Ishmael Kalsakau, David Brunnstrom, Trevor Hunnicutt, Kirsty Needham, Don Durfee, Grant McCool Organizations: Congressional Black Caucus Foundation, Washington Convention Center, REUTERS, Rights, Pacific, NFL, White, U.S ., Niue, Sunday, Coast Guard, Sunday's National Football League, Baltimore Ravens, Indianapolis Colts, Solomon, Biden, Australia's Lowy Institute, USAID, Vanuatu, Reuters, Thomson Locations: Washington , U.S, Washington, Cook Islands, Niue, The U.S, Papua New Guinea, U.S, Asia, Cook, Baltimore, Pacific, China, Beijing, Congress, Australia, Vanuatu, Fiji, Kiribati, Hawaii, Palau, Micronesia, Marshall, Sydney
By Enrico Dela CruzMANILA (Reuters) -The Philippines said on Monday it executed a "special operation" to remove a floating barrier installed by China at a prime fishing patch in the South China Sea, a move that could stoke tension after a years-long detente in Asia's most disputed waters. Hours after the national security adviser had vowed to take action, the Philippine coastguard said it had removed the floating cordon, at the behest of President Ferdinand Marcos Jr and his special task force on the South China Sea. Japan's government urged calm and said the South China Sea was central to regional stability. "Our country strongly opposes any conduct that heightens tension in the South China Sea," Japanese Chief Cabinet Secretary Hirokazu Matsuno said at a regular press conference. China on Monday said the shoal, which it calls Huangyan Island, was "China's inherent territory", over which it had indisputable sovereignty.
Persons: Enrico Dela Cruz, Ferdinand Marcos Jr, Rodrigo Duterte, Hirokazu Matsuno, Huangyan, Wang Wenbin, Enrico dela Cruz, Liz Lee, Kiyoshi Takenaka, Kanupriya Kapoor, Martin Petty, Alex Richardson Organizations: stoke, coastguard, Philippine coastguard, Philippine, China, South China, Chinese coastguard Locations: Philippines, China, South China, Asia's, Scarborough, Philippine, Manila, Washington, Beijing, British, South, Hague, Tokyo
During the three-day meeting, the U.S. will announce diplomatic recognition for two Pacific islands, promise new money for infrastructure, including to improve Internet connectivity via undersea cables, and honor regional leaders at an NFL game. SOME SKIP SUMMITSolomon Islands Prime Minister Manasseh Sogavare, who has deepened his country's ties with China, will skip the summit. The White House in 2022 said the U.S. would invest more than $810 million in expanded programs to aid the Pacific islands. She added that Pacific island countries "welcome the U.S. re-engagement with the region, but don't want geopolitical tussles to result in an escalation of militarization. "Vanuatu Prime Minister Sato Kilman will also not attend the summit, his office told Reuters.
Persons: Manasseh Sogavare, James Marape, David Kabua, Fiame Naomi Mata'afa, Joe Biden, Biden, Washington, Sogavare, Meg Keen, Sato Kilman, Kilman, Ishmael Kalsakau, David Brunnstrom, Trevor Hunnicutt, Kirsty Needham, Don Durfee, David Gregorio Our Organizations: Solomon Islands, Guinea's, Samoa's, U.S ., NFL, White, Coast Guard, Baltimore Ravens, Indianapolis Colts, Solomon, Biden, Pacific, Australia's Lowy Institute, USAID, Vanuatu, Reuters, Thomson Locations: Solomon, Papua, Marshall, U.S, WASHINGTON, Washington, Papua New Guinea, Asia, United States, Cook, Niue, Baltimore, Pacific, China, Beijing, Congress, Australia, The U.S, Vanuatu, Fiji, Kiribati, Hawaii, Palau, Micronesia, Sydney
Laya DeLeon Hayes Photo: RLJE Films/Shudder/ALLBlkMary Shelley ’s “Frankenstein” and its latest offspring, “The Angry Black Girl and Her Monster,” are both wellsprings of metaphor and parables of madness. For Victor Frankenstein, the source of crazy was his mother’s death and a resulting God complex; for Vicaria (Laya DeLeon Hayes)—the title “angry girl” known as her neighborhood’s “mad scientist”—it is a family disappearing due to gang violence, drug dealing, predatory policing and a certain black experience that casts the world as out of control. Hence her theory: Death is only a disease. And if it is a disease, she should be able to cure it.
Persons: Laya DeLeon Hayes, Mary Shelley ’, Victor Frankenstein, , Organizations: RLJE
BEIJING, Sept 22 (Reuters) - The disappearance of China's Defence Minister Li Shangfu, who is being investigated for corruption, is just the latest recent case in which a senior official in President Xi Jinping's entourage has mysteriously vanished. If the official is from the military, the investigating body is the People's Liberation Army's own Discipline Inspection Commission. LI YUCHAO AND XU ZHONGBO, EX-ROCKET FORCE LEADERSAnother military general missing-in-action is Li Yuchao, 60, who was put in charge of China's conventional and nuclear missiles in January last year. Xu Zhongbo was replaced by an air force general from the Southern Theatre Command. Neither Li Yuchao nor Xu Zhongbo have been seen in public for months.
Persons: Li Shangfu, Xi Jinping's, Qin Gang, LI, China's, Li, QIN, Qin, Xi Jinping, XIAO YAQING, Xiao, XU ZHONGBO, Li Yuchao, Xu Zhongbo, Yew Lun, Antoni Slodkowski, Michael Perry Organizations: China's Defence, Commission, Chinese Communist Party, Foreign, Reuters, Wall Street, Communist Party, FORCE, Rocket Force, Southern Theatre Command, Thomson Locations: BEIJING, Beijing, Russia, Belarus, Vietnam, United States
SEATTLE (AP) — A Seattle police officer has been placed on administrative leave after Seattle Police Chief Adrian Diaz said Friday he listened to an audio recording including comments by the officer that led to the filing of a bias/hate complaint. “As I have said from the beginning of my tenure as Chief of Police, racist comments and behavior by department employees will not be tolerated,” Diaz's statement said. The statement comes after a story Friday in the The Stranger newspaper with audio of Seattle Police Officer Burton Hill calling his Asian American neighbor racist and sexists slurs during an argument in their suburban Seattle condominium complex in 2022. The commission wrote a letter to Diaz calling for the suspension of Officer Daniel Auderer, the vice president of the Seattle Police Officers Guild. Auderer is under investigation for comments he made that were captured by Auderer’s body camera during an investigation into the death of 23-year-old Jaahnavi Kandula.
Persons: Adrian Diaz, Burton Hill, Hill, Diaz, Daniel Auderer, Auderer, Kandula, Kevin, Diaz “, , ” Diaz, Hill's, Organizations: SEATTLE, Seattle police, Seattle Police, Police, city's, Associated Press, Seattle’s Community Police Commission, King, Attorney’s, Community Police Locations: Seattle, India
The Man Who Trapped Us in Databases
  + stars: | 2023-09-22 | by ( Mckenzie Funk | ) www.nytimes.com   time to read: +3 min
Matrix, as Asher’s new counterterrorism system soon came to be known, arguably marked the beginning of our era of analytics. But Asher, enamored with the power of his magical machines, kept talking about the five names they got right. Many critiques of our increasingly algorithmic world focus on where algorithms fail. A third boils down to checks and balances: Algorithms are often proprietary black boxes, closed to outside scrutiny. He was burning through millions more buying up vast data sets that contained ever more granular information on Americans’ lives.
Persons: Isaac, , Asher, Hank Asher, you’re, Organizations: Facebook Locations: It’s
(AP) — The Mississippi Supreme Court on Thursday struck down part of a state law that would have authorized some circuit court judges to be appointed rather than elected in the capital city of Jackson and the surrounding county, which are both majority-Black. Tate Reeves were usurping local autonomy in Jackson and Hinds County, which are governed by Democrats. Circuit judges hear criminal cases for felonies such as murder and aggravated assault. In May, Hinds County Chancery Judge Dewayne Thomas dismissed the Jackson residents’ lawsuit days after he removed Randolph as a defendant. U.S. District Judge Henry Wingate temporarily put the law on hold, which has blocked Randolph from appointing the four temporary circuit court judges.
Persons: JACKSON, Critics, Jackson, Ann Saunders, Dorothy Triplett, Jackson aren’t, Triplett, Tate Reeves, Hinds, , Mike Randolph, Dewayne Thomas, Randolph, Thomas, Henry Wingate, Wingate, “ Jackson, Organizations: Mississippi Supreme, Capitol Police, Republican, Republican Gov, Democrats, Jackson, NAACP, Mississippi ., District Locations: Miss, Mississippi, Jackson, Hinds, Hinds County, Mississippi . U.S
This first trial involves city of Aurora police officer Randy Roedema and former officer Jason Rosenblatt, who are both charged with manslaughter, criminally negligent homicide and other charges. Local prosecutors at first declined to press charges in McClain's death. Aurora police officer Nathan Woodyard, who is accused of putting McClain in a chokehold, will stand trial alone on the same charges in October. Two paramedics who injected McClain with ketamine are scheduled for a joint trial on the same charges in November. The other two officers and the paramedics have been suspended without pay pending the outcome of the trial.
Persons: Randy Roedema, Elijah McClain, McClain, Jason Rosenblatt, George Floyd, Colorado's, Nathan Woodyard, Rosenblatt, Brad Brooks, Donna Bryson, Chris Reese, Daniel Wallis Organizations: Aurora, Adams County Justice Center, Colorado, Local, Aurora's, Thomson Locations: Brighton , Colorado, BRIGHTON , Colorado, Denver, Aurora, Minneapolis, Colorado
A third officer and two paramedics facing charges in McClain's death are scheduled for trial later this year. Charges were not brought for two years after McClain's death, by which time the case along with others had sparked outrage and a national reckoning over racial injustice in American policing. The indictments followed an outcry over McClain’s death during protests ignited by the police killing of George Floyd. He called McClain’s death “tragic,” but said that finding made it hard to prove that the officers’ actions caused his death. Cina said he couldn’t rule out whether the stress of being held down by the officers may have contributed to McClain’s death.
Persons: Black, Elijah McClain, Randy Roedema, Jason Rosenblatt, McClain, Rosenblatt, ” McClain, Nathan Woodyard, Rosenblatt . McClain, Woodyard, George Floyd, McClain’s, , , Dave Young, Stephen Cina, ” Cina, Cina Organizations: BRIGHTON, — Prosecutors, Roedema, Paramedics Locations: Colo, Denver, Aurora, Minneapolis
Paris CNN —Britain’s King Charles and Queen Camilla will finally arrive in France for a state visit Wednesday, six months later than initially planned. The packed royal itinerary for the rescheduled three-day visit to Paris and Bordeaux, ending Friday, is largely unchanged save for a few additions. One new engagement will see Charles and Camilla rub shoulders with top athletes at an event highlighting the advantages of sports for young people. France's President Emmanuel Macron was forced to postpone the original royal state visit back in March. Ronny Hartmann/AFP/Getty ImagesFurssedonn-Wood agreed that the public can expect “a bit of substance” from the royal visit in France.
Persons: Paris CNN — Britain’s King Charles, Queen Camilla, Emmanuel Macron, Charles, Camilla, Brigitte Macron, Macron, , Queen Elizabeth II, French King Louis XIV, Ludovic Marin, reigniting, Christine Ockrent, Charles ’, ” Charles, Camilla’s, French –, Rishi Sunak, Sunak, ” Sunak, Nathan Laine, Chris Fitzgerald, Elizabeth II, Christian Poncelet, Eric Fefeberg, Scott Furssedonn, Wood, Craig Prescott, Prescott, Frank, Walter Steinmeier, Elke Budenbender, Ronny Hartmann, it’s, they’re, , They’ll Organizations: Paris CNN, Rugby, Bibliotheque Nationale de, Mirrors, France, Getty, CNN, UK, , European Union, Bloomberg, French, Getty Images, British, Royal Holloway, University of London, , CNN’s Royal Locations: France, British, Germany, Paris, Bordeaux, Franco, Bibliotheque Nationale de France, Ukraine, Sahel, Elysee, of Versailles, Versailles, , AFP, French, New Delhi, Berlin, Salle, United Kingdom, Barbados, Eastern Caribbean, Europe, Royal
Finger’s only child was a son, Fred Finger, who was gay and died in 1992 at age 43 of AIDS complications. But Nobleman discovered Fred Finger had a daughter, Athena Finger. But she said it led to questions from students, meaning Nobleman and students might discuss sexuality without parents being warned. The mere mention of the word “gay” didn't merit claims made online by critics that Nobleman was “ grooming or sexualizing children," he said, and it ignored that some Sharon Elementary students have gay parents. “I couldn't imagine coming from a family with gay members and reading that apology just for saying the word ‘gay.’”
Persons: — Marc Tyler, Batman, Rather, , , haven’t, Cathryn Oakley, Oakley, ‘ Romeo, Juliet, , “ Bill, Bill Finger, Finger, Bob Kane, Finger’s, Fred Finger, Athena, “ It's, Kane, Sharon, Jennifer Caracciolo, Caracciolo, ” Caracciolo, blindsided, Fred Finger's, Sharon Elementary, Brian Nelson, Nobleman's, Forsyth, Cindy Martin, Martin, Mr, ” Matt Maguire, ” Maguire Organizations: ATLANTA, Movement Advancement, Human Rights, Washington , D.C, DC Comics, DC, Mama Bears, U.S . Department of Education, Sharon Locations: Atlanta's Forsyth, , Georgia, New Jersey, Indiana, Forsyth, Washington ,, Forsyth County, ” Forsyth County
I asked him if he thought good policing was possible. “The policing problem is that you have 90 percent good police officers, but that 10 percent or 5 percent, whatever the scientific number is, is enough to taint it. “There have been so many questionable incidents with the police involving Black residents,” Mayes said. Like Black voters across the country who have indicated support for fair policing in national polls, they took pains to explain that they were not against policing itself. “It’s just really hurtful,” Fields told a local radio station when the news broke.
Persons: ” Mayes, , Mayes, , , ” Rhonda Fields, , Fields, Matthew Green, McClain, “ It’s, ” Fields, you’re Organizations: City Council, Aurora, Colorado’s, Aurora Police Department Locations: Vietnam, Black, America, Aurora
CNN —Two women who were arrested while attending a Sarah Everard vigil in London in 2021 have been paid damages and received an apology from the Metropolitan Police. A lawyer’s statement on Thursday confirmed that the London police force had apologized and agreed to pay “substantial” damages to the women, Patsy Stevenson and Dania Al-Obeid. “Together with making payments of substantial damages to Dania Al-Obeid and Patsy Stevenson, the MPS has issued an apology,” the statement by law firm Bindmans LLP reads. Police detain Patsy Stevenson at the 2021 vigil on London's Clapham Common. Hannah McKay/Reuters‘Tiring and difficult’ processIn a statement published by Bindmans LLP, Patsy Stevenson said the process had been a “tiring and difficult” one.
Persons: Sarah Everard, Patsy Stevenson, Dania, Everard, Stevenson, Bindmans, , , Patsy, Hannah McKay, it’s, ” Stevenson, “ I’m, Obeid, Dylan Martinez, , ” “ Organizations: CNN, Metropolitan Police, London police, Met, MPS, Metropolitan Police Service, Reuters, Bindmans LLP, Met Police Locations: London, Clapham Common, Clapham
PHILADELPHIA (AP) — A group photo of about two dozen law officers in tactical gear posing with escaped murderer Danelo Cavalcante minutes after his capture Wednesday in southeastern Pennsylvania drew criticism from policing reform advocates and some members of the public. Policing experts said the celebratory moment after the grueling 14-day search for the armed suspect was inappropriate and dehumanizing. Photos of Cavalcante immediately after being arrested, with the police dog pinning him down, circulated widely on social media Wednesday in the hours after the arrest was announced. The photos did not include information about who took them, but they were taken inside the secured perimeter where only law enforcement officers were allowed. If I was on the scene as the public affairs officer representing a law enforcement agency, I would have discouraged it.”
Persons: Danelo, George Bivens, “ They’re, ” Bivens, “ I’m, , Adam Scott Wandt, John Jay, , ” Wandt, Cavalcante, Tyre Nichols, Demetrius Haley, Nichols, Wilson, ” Wilson, that's, ” Leonard Sipes, ” Sipes Organizations: PHILADELPHIA, KYW, Pennsylvania, Police, John, John Jay College of Criminal, Pennsylvania State Police, State Police, Associated Press, U.S . Marshals Service, U.S . Customs, Border Protection, Drug Enforcement Agency, Alcohol, Tobacco, Firearms, Explosives, Memphis, Niles, Center for Policing Equity, Civil Locations: Pennsylvania, U.S, Newark , New Jersey
Among those attending the in-person event will be the CEOs of Anthropic, Google, IBM, Meta, Microsoft, Nvidia, OpenAI, Palantir and X, the company formerly known as Twitter. But crucially, the event could also shed light on the political feasibility of a broad, sweeping AI law, setting expectations for what Congress may achieve. IBM CEO Arvind Krishna will also seek to “demystify” a widely held impression that AI development is done only by a handful of companies like OpenAI or Google, Padilla said. Some authors have sued OpenAI over those claims, while others have asked in an open letter to be paid by AI companies. New AI legislation could also serve as a potential backstop to voluntary commitments that some AI companies made to the Biden administration earlier this year to ensure their AI models undergo outside testing before they are released to the public.
Persons: Bill Gates, Eric Schmidt, Chuck Schumer, he’s, Mark Zuckerberg, Elon Musk, , Christopher Padilla, Padilla, Arvind Krishna, Sam Altman, Clement Delangue, OpenAI, Maya Wiley, they’ve, Wiley, , ” Wiley, Schumer, South Dakota Republican Sen, Mike Rounds, New Mexico Democratic Sen, Martin Heinrich, Indiana Republican Sen, Todd Young —, “ It’s, Biden Organizations: Washington CNN, Anthropic, Google, IBM, Meta, Microsoft, Nvidia, Twitter, Senate, CNN, The New York Times, Disney, Conference, Civil, Human, South Dakota Republican, New, New Mexico Democratic, Indiana Republican, Capitol, European Union Locations: Washington, New Mexico
Some of the world's biggest tech leaders gathered in Washington, DC for a closed-door forum on AI. Elon Musk, Mark Zuckerberg, Bill Gates, and other tech leaders all were scheduled to attend. The closed-door forum on Capitol Hill included almost two dozen tech executives, tech advocates, civil rights groups and labor leaders. Tech leaders outlined their views, with each participant getting three minutes to speak on a topic of their choosing. AdvertisementAdvertisementStill, some senators were critical of the private meeting, arguing that tech executives should testify in public.
Persons: Elon Musk, Mark Zuckerberg, Bill Gates, Musk, Chuck Schumer, Meta's Mark Zuckerberg, Tesla, OpenAI's Sam Altman, Schumer, Sen, Mike Rounds, Eric Schmidt, Zuckerberg, Arvind Krishna, Josh Hawley, Hawley, Richard Blumenthal, Conn Organizations: Service, Capitol, Microsoft, Tech, IBM Locations: Washington ,, Wall, Silicon
Police detain Patsy Stevenson as people gather at a memorial site in London's Clapham Common park following the kidnap-murder of Sarah Everard, in London, Britain, March 13, 2021. REUTERS/Hannah McKay/File Photo Acquire Licensing RightsLONDON, Sept 14 (Reuters) - London's police force has apologised and paid "substantial damages" to two women detained at a vigil held in memory of Sarah Everard who was raped and murdered by a serving officer, their lawyers said on Thursday. Bindmans, the law firm who represented women, said in a statement the Metropolitan Police had now settled civil claims brought by the women, paying them damages and issuing an apology. A spokesperson for the Metropolitan Police said the vigil had taken place in extraordinary circumstances and its officers had acted in good faith. An independent watchdog report weeks after the vigil concluded police had acted appropriately.
Persons: Patsy Stevenson, Sarah Everard, Hannah McKay, Everard, Wayne Couzens, Dania Al, Stevenson, It’s, Cressida Dick, Couzens, Michael Holden, Diane Craft Organizations: REUTERS, Clapham, Metropolitan Police, Thomson Locations: London's Clapham, London, Britain
Many political analysts (including me) assumed that Trump’s presidency would aggravate racial gaps in voting, given Trump’s embrace of white nationalism. White voters have moved toward the Democratic Party, while Asian, Black and Hispanic voters have moved to the right. Voters of color still lean clearly Democratic, and white voters clearly Republican, but the shifts are big enough to matter. White voters have helped Democrats win recent elections in the Midwest and Georgia, while voters of color have helped Republicans keep their hold on Florida and Texas. The most progressive segment of the American public, by contrast, is disproportionately white, the Pew Research Center has documented.
Persons: Trump, Covid, Republicans ’, lockdowns Organizations: Democratic Party, Republican, Midwest and, , Republican Party, Republicans, Equis, Pew Research Center Locations: Midwest, Midwest and Georgia, Florida, Texas, U.S
The lawsuits come after thousands of Hyundai and Kia thefts that use a method popularized on TikTok and other social media channels. The cities suing Kia and Hyundai include New York, Cleveland, San Diego, Milwaukee, Columbus and Seattle. Kia and Hyundai vehicles represent a large share of stolen cars in many U.S. cities, according to data from police and state officials. Many Hyundai and Kia vehicles have no electronic immobilizers, which prevent break-ins and bypassing the ignition. In May, the automakers agreed to a consumer class-action lawsuit settlement worth $200 million over rampant car thefts of the Korean automakers' vehicles.
Persons: Edgar Su, Immobilizers, David Shepardson, Angus MacSwan Organizations: Singapore, REUTERS, Rights, Korean, Hyundai Motor, Kia Corp, Hyundai, Kia, Traffic Safety Administration, Insurance Institute, Highway, Data, Thomson Locations: Singapore, New York, Cleveland, San Diego, Milwaukee, Columbus, Seattle, U.S
Greece and Turkey both plan to roll out new stealth jets by the end of the decade. Greece is acquiring F-35s from the US, while Turkey is building the domestically designed TF Kaan. The TF KAAN at its presentation ceremony in Ankara on May 1. AdvertisementAdvertisementBohl said several factors could hinder timely production of the TF Kaan, including fiscal considerations, national spending priorities, and Ankara's foreign partnerships. Stealth jets over the AegeanAn F-16 with Greece's Zeus solo display team at an airshow in Pireus in November 2016.
Persons: Dhruv Gopinath, Pratt, Whitney, Ryan Bohl, RANE, Yavuz Ozden, Bohl, George Tzogopoulos, Tzogopoulos, Greece's, George Panagakis, Cuneyt Organizations: NATO, Service, US Air Force, Souda Air Base, Tech, Turkish Aerospace Industries, GE, East, TF, Hellenic Air Force, Turkish, BAE Systems, Stealth, Pacific Press, Getty, NATO Air Policing, Anadolu Agency, Ankara Locations: Greece, Turkey, Wall, Silicon, Dhruv Gopinath Athens, Ankara, North Africa, Turkish, Crete, Azerbaijan, Pakistan, Pireus, Athens, Malbork, Poland
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Persons: Dow Jones, biden
"I firmly condemn this incident caused by Russian attacks on Ukrainian Danube river ports." The attacks on Ukraine's river ports, just hundreds of metres from the Romanian border, have increased security risks for NATO whose members have a mutual defence commitment. The defence ministry said Romania's Naval Forces deployed search teams after local authorities alerted them to suspected drone fragments discovered 2.5 km southeast of the village of Plauru, across the Danube from the Ukrainian port of Izmail. Since July, when Moscow abandoned a deal that lifted a de facto Russian blockade of Ukraine's Black Sea ports, it has repeatedly struck Ukrainian river ports that lie across the Danube from Romania. Ukraine had said on Monday that drones detonated in Romania during an overnight Russian air strike on Ukraine's Izmail, but Romanian officials initially denied the reports before finding fragments on Wednesday.
Persons: Klaus Iohannis, Iohannis, Jens Stoltenberg, Stoltenberg, Ukraine's, Luiza Ilie, Philip Blenkinsop, Ros Russell Organizations: NATO, U.S . State Department, Romania's Naval Forces, Thomson Locations: BUCHAREST, Romania, Ukraine, NATO, Romanian, Russian, Russia, Plauru, Izmail, Moscow, Ukraine's, Constanta, Brussels
FILE PHOTO: A person walks past a First Republic Bank branch in Midtown Manhattan in New York City, New York, U.S., March 13, 2023. However, the FDIC added that its supervisors were too “generous” in gauging some of First Republic’s risks, notably around interest rates and uninsured deposits. First Republic was subsequently seized by the FDIC and most of its assets sold to JPMorgan Chase. Similarly, the FDIC found in its April post-mortem of the Signature failure that the agency lacked resources to properly supervise the bank as management pursued an overly aggressive growth strategy. “Both regulation and supervision must be strengthened,” said CEO Dennis Kelleher of Better Markets, a group favoring tougher regulation, in response to the report.
Persons: Mike Segar, , Friday’s, , Dennis Kelleher Organizations: WASHINGTON, Federal Deposit Insurance Corp, Republic, First, First Republic Bank, REUTERS, FDIC, Silicon Valley Bank, JPMorgan Chase, Bank, Federal Reserve, Congress, Better Locations: First Republic, Midtown Manhattan, New York City , New York, U.S, California, Republic, Silicon, New York
FILE PHOTO: A person walks past a First Republic Bank branch in Midtown Manhattan in New York City, New York, U.S., March 13, 2023. However, it added bank supervisors were too “generous” in gauging some of its risks, notably around interest rates and a high level of uninsured deposits. First Republic’s collapse, which saw the bank seized by regulators and most of its assets sold to JPMorgan Chase, was the second largest bank failure in American history. It however said the bank likely would have been more resilient to the spreading panic had supervisors criticized bank management practices sooner. The FDIC ultimately found that its supervision team was timely in examining First Republic and producing its findings.
Persons: Mike Segar, JPMorgan Chase, Organizations: WASHINGTON, Republic, First, First Republic Bank, REUTERS, Deposit Insurance Corporation, Silicon Valley Bank, JPMorgan, FDIC Locations: U.S, First Republic, Midtown Manhattan, New York City , New York, Silicon, Washington
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