Regulators need to step in to do a *backstop* of depositors (not a bailout of a bank)
40,000 SVB depositor small businesses
30% will fail to make payroll in the next 30 days
Estimate 10 employees each
120,000 jobs on the line
Years of US innovation on the line
Silicon Valley Bank’s shareholders and executives lose it all, as they should. Depositors in good faith, however, should recover and have access to their deposits in order to meet their payrolls, pay their suppliers, and to prevent contagion.
Highly recommended: Bloomberg Radio host Albert Wenger, partner at Union Square Ventures. He holds a Ph.D. in information technology from MIT. https://t.co/VCO8ppjoxj
Shout out to our friends @digimentors. The amazing team around @sree and @neilparekh brought my event to the next level. Highly recommended for your event production. Congrats to their 2021 Social Media Weekend #SMWKND - great program and participants
Late at the party, aber dieses Video lässt mich samt Symbolik nicht los. Der Ex-Anführer eines Landes, geschützt nur vom Zelt, mehr ist nicht mehr da. Zwei Söhne, doof genug, davon ein Video zu drehen. Zwei Unterstützer gibt’s noch, die „Fight“ rufen. Und draußen naht das Ende.
The US President brought again several @OurWorldInData charts with him to an interview.
The interviewer wanted to see the comparison of deaths per capita with Germany and South Korea, but Donald Trump didn’t have it at hand.
Here it is.
Sunday's entire @nytimes front page is a partial list of Covid-19 victims. "The 1,000 people here reflect just 1% of the toll. None were mere numbers."
The firings of multiple Inspectors General is unprecedented; doing so
without good cause chills the independence essential to their purpose. It is a threat to accountable democracy and a fissure in the constitutional balance of power.
"Eyewitness on the ground social media combined with real time #AI can create what we call ground truth,” says @TedBailey CEO @Dataminr who’s tool detects #covid19 outbreaks and tracks the spread. He suggests governors & businesses pay attention to the data as states #reopen
Last night, I hit a wall. Gutted by the death toll. Disturbed by the govt's shortcomings. Dismayed by political rhetoric that bears no resemblance to reality. Worried about friends who are losing jobs; kids who are missing school; and senior citizens who are living in fear.