The US Federal Reserve printed $300 billion in a week to save collapsing banks and bail out Silicon Valley oligarchs. 93% of Silicon Valley Bank’s deposits were uninsured, over the FDIC limit of $250,000, but the government still paid them. 56% of SVB’s loans went to venture capitalist and private equity firms.
US government bailout of Silicon Valley and banks is $300B gift to rich oligarchs
Tag: Stanford law school
Twitter puts free speech and transparency at risk if it fails to publish government takedown requests
For the past decade, Twitter has published biannual reports detailing takedown requests and legal demands the company received, including from governments around the world, as well as Twitter’s responses to those requests.
However, according to an update yesterday in Rolling Stone, Twitter failed to publish its most recent transparency report and has yet to respond to media requests about the oversight.
Twitter puts free speech and transparency at risk if it fails to publish government takedown requests
Before FTX collapse, founder poured millions into pandemic prevention
Before FTX collapse, founder poured millions into pandemic prevention (archived)
The Bankman-Frieds’ family foundation in February also committed $5 million to ProPublica, a nonprofit news organization, to support reporting focused on pandemic preparedness and biosecurity, including one-third of the grant delivered upfront. The funding has subsidized several staff and articles — including a high-profile story with Vanity Fair about the possibility that covid leaked from a Chinese laboratory, which frustrated some of the Bankman-Frieds’ pandemic advisers who pointed to criticism of its translations of Mandarin Chinese. ProPublica was told last week that the remaining two-thirds of the grant is being paused, a spokesperson confirmed.
Blake Masters Is Peter Thiel’s Dream Candidate—and a Total Nightmare for Democracy
The Right’s Would-Be Kingmaker
Peter Thiel, one of Donald J. Trump’s biggest donors in 2016, has re-emerged as a prime financier of the Make America Great Again movement.
The Right’s Would-Be Kingmaker
Related:
Conservative dating app to launch this summer, backed by Peter Thiel with $1.5 million investment
Ms. Cat’s Chronicles 
You must be logged in to post a comment.