"The best way to prevent failures is to begin with higher capital levels...A very well-capitalized, strongly capitalized bank will not have runs. Instead, they’re lowering the capital requirements."
Sheila Bair
https://t.co/UTh6HXO2lq
About a decade ago, a baker in a small mountainous village in southern Austria noticed his cow doing something unusual. When Veronika had an itch, she would grab a stick in her mouth and use it to scratch her body. Over the years, the brown bovid’s technique improved. She could pick up objects as large as a broom or rake and move them around with her prehensile tongue, changing their length and orientation to ensure the best possible scratch.
The behavior isn’t just a clever trick: It’s the first documented case of tool use in cattle, scientists report.
And, it turns out, one of Veronika’s skills has only been seen in humans and chimpanzees. Learn more: https://t.co/cAW89NIvaa
Ukraine is pounding Russian oil refineries with long-range drone strikes, leading to restrictions on fuel sales and huge lines outside gas stations https://t.co/qAuR3VirSd
Maybe JD is supposed to be the "public face" of this new round of Iran "negotiations," but with these two professional diplomacy-wreckers still lurking in the background, why would anyone expect a non-disastrous outcome?