and titans many charged with being woke, but the fact of the matter was, it was a bank that made the wrong bet on treasuries at the wrong time and bought tens of billions of those, the price of treasuries went down and flat-footed while people wanted their money. now it s in receivership and run by the federal deposit insurance corporation. it s a dramatic played out amidst talk there could be other problems out there. kelly o grady has more from los angeles. kelly. good morning to you, neil. yes, it s the second biggest banking collapse in u.s. history. the first major one since 2008 and it all happened in the span of 48 hours, what started this is svb found its self short on cash. the stock was plummeting. invests warned they might not be able to raise money and a bank run and loss of clients and simultaneously tried to withdraw fund. and the regulators have taken over it and insured depositors will gain access by monday. fallout could be dire. roughly 50% of venture capi
Month suspension had been lifted. Katherine shi is an editor and she told me this will further complicate evergrande s restructuring plans. So, i think with the chairman of evergrande arrested, the current Restructuring Talks with creditors is going to take a much longer time. With the Police Investigation ongoing, creditors will need to wait for a longer time until the Police Investigation results come out. They had negotiated with the company for over two years about the terms of the restructuring but the halt of the restructring plan brings more trouble as this esrc has denied to issue the shares for evergrande. So, for the aftermath, i think everyone either has to resort for an entirely different Restructure Plan or the creditors will need to wait for a longer time, until the investigation by the police would come out. What about government policies, if we look at that, which focus on ensuring buyers who paid deposits for their flats get that money back or get their units back . It
On Christmas Day 2023, world-renowned Australian chef and restaurateur Bill Granger died at 54. Granger owned and operated 19 restaurants across Australia, the U.K., Japan and South Korea. He authored 14 cookbooks, produced several TV shows and was awarded the Medal of the Order of Australia. …
Granger, who died in December 2023, is credited with making avocado toast fashionable. Little did he know that his lasting legacy would inspire a meme that symbolized generational tension.