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It was necessary to destroy the bank in order to save the bank

2 years 8 months ago
Here's a chart that must be driving all the ex-managers of Silicon Valley Bank nuts: One of SVB's problems was a portfolio of long-dated Treasury bonds that was $15 billion underwater. But 10-year Treasurys have fallen by more than 50 basis points since Peter Thiel's run on deposits put SVB into receivership. Their portfolio has ...continue reading "It was necessary to destroy the bank in order to save the bank"
Kevin Drum

Court Makes It Clear: Government Submissions To Twitter Flagging Program Do Not Violate The 1st Amendment

2 years 8 months ago
There’s been a lot of discussion of late, especially because of the various Twitter Files, regarding where the line is between governments simply flagging content for social media websites to vet against their own policies as compared to unconstitutional and impermissible suppression of speech in violation of the 1st Amendment. As we’ve highlighted over and […]
Mike Masnick

Daily Deal: The Premium Ethical Hacking Bundle

2 years 8 months ago
The Premium Ethical Hacking Bundle has 8 courses to help you master ethical hacking and cybersecurity. You’ll learn about penetration testing, social engineering, server security, and more. It’s on sale for $60. Note: The Techdirt Deals Store is powered and curated by StackCommerce. A portion of all sales from Techdirt Deals helps support Techdirt. The […]
Gretchen Heckmann

City Winery Brings Instagram-Worthy Atmosphere to City Foundry

2 years 8 months ago
Every time one visits City Foundry STL these days, there's something new to check out: The Alamo Drafthouse, Big Shark Bicycle Company and Sandbox VR are a few of the new additions. As of Saturday, the Foundry is set to get one more new thing to see: City Winery, a winery, restaurant and concert venue combo, will hold its official opening. The 225-seat venue is located adjacent the Food Hall (and can also be entered through the hall) at 3730 Foundry Way, Suite 158.
Jessica Rogen

Woman sues Silver Dollar City, claiming she was injured on ride

2 years 8 months ago
BRANSON, Mo. - A woman is suing Silver Dollar City for damages, claiming she was injured on one of the theme park's rides in 2021. The lawsuit, which was filed on Thursday, explains that the plaintiff was a visitor at Silver Dollar City in August of 2021 when the incident occurred. The plaintiff claims she [...]
Emilee Kuschel

St. Louis Driver of Maserati Involved in Fatal Crash Headed to Trial After 5 Years

2 years 8 months ago
Daniel Domian's family has been waiting more than five years for justice after the 62-year-old was killed on Gravois Avenue in December 2017 when a speeding Maserati  smashed into his truck. The family thought that the alleged driver of the Maserati, Mahdi Gayar, now 23, would enter a guilty plea this morning and they'd finally have resolution. But the case is instead headed for trial in October.
Ryan Krull