“Silicon Valley Bank’s collapse is a function of the Fed rate spike, and will surely trigger calls for its well-heeled tech and venture capital clients to get a bailout,” David Dayen writes.
LaunchThe crypto-congressional complex
“Markets don’t exist in nature. They’re created and enforced by governments,” Robert Reich points out, echoing what George Lakoff has previously written about all markets being constructed for someone’s benefit.
LaunchFacebook co-founder: It’s time to break up Facebook
“We are a nation with a tradition of reining in monopolies, no matter how well intentioned the leaders of these companies may be. Mark’s power is unprecedented and un-American,” Facebook co-founder Chris Hughes writes, referring to Facebook CEO Mark Zuckerberg. “It is time to break up Facebook.”
LaunchAmazon isn’t paying its electric bills… but you might be
You may be gifting to Amazon and not even know it. Ain’t corporate welfare great? Bloomberg explains how the company’s rate discounts have pushed up utility costs for everyone else.
LaunchAmazon didn’t kill Toys ‘R’ Us. Here’s what did
“It’s true, online shopping didn’t help matters, but the struggles of Toys ‘R’ Us predate the boom in online shopping. Many of its wounds were self-inflicted,” Chris Isidore explains.
LaunchWall Street’s wisest: Bernie Sanders is best candidate for economy
Asher Edelman, founder of Edelman Artz and former CEO and Trustee, shares his political views and support for Bernie Sanders on CNBC’s Fast Money.
LaunchAnother bad merger on the horizon? Staples trying to buy Office Depot
Another bad merger on the horizon? Staples trying to buy Office Depot The New York Times is reporting that Staples is in “advanced talks” to
LaunchWall Street doesn’t want you unless you’re a robot
Wall Street doesn’t want you unless you’re a robot Businessweek’s Akane Otani explains that big banks and other financial institutions are looking for people who
LaunchThe AIG trial is a comedy
Most news organizations are covering the trial straight, as if it were a deadly serious affair. It is, in fact, an absurdist comedy, rich in
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