President biden taking one of his final bows on the World Stage addressing the united Nations World Assembly against a backdrop of global conflict and chaos. All of which unfolded during his time as Commander In Chief. Bidens remarks touched on the turmoil in the middle east. His administrations disastrous withdrawal from afghanistan, the two wars which began during his presidency, and his decision to exhibit 2024 president ial race. This summer, i faced a decision, whether to seek a second term as president. It was a difficult decision. Being president has been the owner of my life. So much more i want to get done honor of my life. So much more i want to get done. As much as i love the job, i love my country more. After 50 years of public service, its time for a new generation of leadership to take my nation forward. My fellow leaders, let us never forget some things are more important than staying in power. Biden also acknowledge the challenges we faced and vowed that things can get
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a top republican has accused us regulators of being asleep at the wheel in the period leading up to the implosion of silicon valley bank. those comments in the first of two bruising congressional hearings intended to shed light on the failings that led to the lender s collapse. in response, the regulator pointed the finger at executives saying they did a terrible job of managing risk. we are still reconstructing the supervisory racket, we understand they were issued a matter requiring attention based on the inaccuracy of their interest rate risk modelling. essentially, the risk model was not at all aligned with reality. today, the hearing continues. the collapse of svb and signature bank created shock waves across the global banking sector, with central bankers moving to reassure nations that the structural integrity of the financial system remains intact. joining me now is greg feldberg, director of research for the yale program on financial stability. you were director