Banking Reports Highlight Alarming Reality. The Clock Is Ticking.

Two reports on the failures of Silicon Valley Bank and Signature Bank cast a harsh light on the banks’ practices and on regulators’ laxness. The Federal Reserve Report, which focused on Silicon Valley Bank, identified four key issues: 1.Silicon Valley Bank’s board of directors and management failed to manage their risks. 2. [Federal Reserve] Supervisors […]

Is The US Navy Too Weak And Broken To Defeat China?

FRIDAY PDB – A shrunken, dysfunctional Navy is a threat to national security – Navy’s capacity to wage war hindered by maintenance, shipyard problems, GAO finds. The U.S. bulwark in any armed conflict with China, suffers from failures in mission readiness that include maintenance backlogs, decaying shipyards and crew fatigue and shortages, the Government Accountability Office said. […]

CEO Defends Trump Decision – ‘This Is A New CNN’

CNN’s corporate boss is defending its decision to host a public forum with former President Donald Trump next week. Trump and CNN have mutually antagonized each other over the years. He last appeared on the network during the 2016 presidential campaign. However, the two rivals appear to have set their bad blood aside, for now […]

Forget China: You Can Now Take A Balloon To Edge Of Space

ANALYSIS – Until now, only billionaires could afford to enter sub-orbital space. And it needed to be by high-powered rocket (think Jeff Bezos in his Blue Origin or Richard Branson in his Virgin Galactic). Star Trek actor William Shatner also did a flight on Blue Origin’s rocket. But now you too can see the earth […]