What Actually Mattered This Week: The Second Largest U.S. Bank Failure in History
WHAT ACTUALLY MATTERED THIS WEEK
The main reason 2023’s bank collapses aren’t like 2008:?it isn’t big enough to bring people together.
Instead, people are going after their villains of choice (Whether it be ‘woke banks’ or Trump-era deregulation).
Russia denied downing the American drone over international airspace, but the Pentagon released footage that appears to back up the American version of events.
Although one of the first direct military confrontations between the U.S. and Russia since Putin’s invasion of Ukraine…it’s really not too big of a deal.
Emmanuel Macron is raising the retirement age from 62 to 64…and doing so without approval from parliament (and large swaths of the country).
The French public swiftly responded by getting their Les Mis on.
And surprisingly, one bear at the wheel.
TRUTHS, DAMNED TRUTHS, AND STATISTICS
One of these is not like the other.
-?????????Our World in Data
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THE GZERO WORLD WE’RE JUST LIVING IN
GRAPHIC TRUTH
YOUR GZERO WORLD
The true cost of war is a lot more than tanks, helicopters, and ammunition, according to U.S. Senator Tammy Duckworth (D-IL), who joins GZERO World to reflect on the 20th anniversary of the US-led invasion of Iraq. Duckworth was a helicopter pilot who lost both her legs in Iraq, one of thousands of veterans who returned home wounded, and intimately understands that the costs of war go far beyond the conflict ending.
Is the United States fulfilling its obligation to provide adequate services for its veterans? In a conversation with me, Duckworth emphasizes “the obligation we have to our veterans” to live up to the promises we made to them. The United States made a deal with its veterans, she says, “to honor their service and sacrifices,” and it is “non-negotiable to break that promise.” Otherwise, how can we expect people to volunteer to serve?
Duckworth stresses that honoring veterans is not only the honorable thing to do, but also a military necessity. Watch the upcoming episode of GZERO World with Ian Bremmer, featuring Senator Duckworth as well as NBC News Chief Foreign Correspondent Richard Engel, on US public television. Check local listings.
领英推荐
WORLD IN 60
What’s the deal with the Silicon Valley Bank collapse?
As China reopens to tourism, is COVID finally behind us?
Will the AUKUS deal shift the balance of power in the Indo-Pacific region?
Find out in this week’s World in 60 Seconds!
DIG DEEPER: GZERO DAILY BY IAN BREMMER
it’s in the U.S. national interest to welcome others to broker peace where Americans can’t.
But China’s growing presence in the Middle East is not going to make Washington happy.
Do you like what you’ve seen??Sign up for GZERO Daily by Ian Bremmer
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BECAUSE THE INTERNET
The kiss of death:
WHAT TO READ THIS WEEK
"A Hacker's Mind" by Bruce Schneier looks beyond attacks in cyberspace to help us see how the few find ways to live outside the rules set in the real world. It's an important and genuinely mind-broadening book on the human urge to cheat and the dangers it poses for our collective future.
DEEP THOUGHTS
“A surplus of effort could overcome a deficit of confidence.” —Sonia Sotomayor
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Thanks for reading!?Please subscribe to GZERO Daily?for coverage of global politics. And make sure to read my new book?The Power of Crisis?for a roadmap of this decade's great crises and how they might help us build a better world.
Sr Control Engineer at Power-Tech Engineers, Inc.
1 年Thanks for sharing
Contented dementia
1 年"Bankers are bankers..so why should it be..that you and I get along so awfully"..Usually that is the politicians rather than the bankers fault.. in honour of Depeche Mode..
Head of Risk Management, Sr Advisor to Executives, Blockchain & Digital Asset Expert, Risk Leadership Group PRMIA
2 年Hi Ian - The true cause of SVB’s failure is still not well understood by so called experts and the press. Yes, factors like balance sheet management and lack of robust regulatory scrutiny were all contributing issues. Yet the true cause of the SVB’s failure was a shocking lack of Risk Governance and Accountability. Not understanding this fact, makes it harder to course correct next time. Here’s my take on it. Article link - Risk Governance - the Essence of the Silicon Valley's Failure by Masood S. Aziz https://www.dhirubhai.net/pulse/risk-governance-essence-silicon-valleys-failure-masood-aziz image001.jpg
Managing Partner O'Neill Foley
2 年SCB , is a special case. Thankfully the broader evonomy will no be impacted . The fundemtals are good . David
Corporate Board Director | C-Suite | Asst. Secretary of the Navy | Author | Speaker | International | Real Estate | Construction | Aviation | Maritime | Supply Chain
2 年2008 was reaction to what started in 2007