The Biden administration took extraordinary measures to protect the accounts of customers at two banks that failed over the past few days: Silicon Valley Bank and Signature Bank.Federal regulators said Sunday that they were taking the emergency measures to prevent contagion at other small and regional banks in the wake of Silicon Valley Bank's implosion.NPR's David Gura reports that, despite those measures, many bank stocks plunged on Monday.And former Congressman Barney Frank, a Democrat who sponsored new banking regulations in the wake of the 2008 financial crisis, explains what he thinks went wrong at the banks. Frank more recently also served on the board of Signature Bank.In participating regions, you'll also hear a local news segment to help you make sense of what's going on in your community.Email us at considerthis@npr.org.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

Nachrichten
Consider This from NPR Folgen
The hosts of NPR's All Things Considered help you make sense of a major news story and what it means for you, in 15 minutes. New episodes six days a week, Sunday through Friday.Support NPR and get your news sponsor-free with Consider This+. Learn more at plus.npr.org/considerthis
Folgen von Consider This from NPR
1593 Folgen
-
Folge vom 13.03.2023How Silicon Valley Bank Failed, And What Comes Next
-
Folge vom 11.03.2023Adding Racial Equity To The Business Of Legal WeedIn about the last 10 years, the legalized cannabis industry has grown into a $32 billion business. Today, in 21 states, and the District of Columbia, you can legally purchase recreational marijuana if you are 21 or older. And 37 states have legalized medical marijuana programs. While it's easy to feel that cannabis has come a long way from the scare tactics of Reefer Madness, since 1970's Controlled Substance Act, marijuana has been classified as a drug on par with cocaine and heroin - dramatically increasing penalties for possession, sale, and distribution. Those penalties were enforced in ways that continue to disproportionately target people of color, especially black people. While the same states that once prosecuted the sale of weed are now regulating and taxing it, will those most affected by the punitive frameworks of the past be able to profit too? Host Michel Martin speaks with Devin Alexander, owner of the cannabis delivery business, Rolling Releaf, based in Newton Massachusetts. And we hear from Tauhid Chappell, President of the Philadelphia CannaBusiness Association.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
-
Folge vom 10.03.2023Buttigieg Calls This A "Put Up Or Shut Up Moment" For Rail SafetyTransportation Secretary Pete Buttigieg says he welcomes a bipartisan effort in Congress to push for new rail safety regulations in the wake of the derailment in East Palestine, Ohio.Buttigieg spoke to NPR's Ari Shapiro a day after Norfolk Southern CEO Alan Shaw apologized for the East Palestine derailment during a Senate hearing, but stopped short of endorsing specific new regulations for his industry.In participating regions, you'll also hear a local news segment to help you make sense of what's going on in your community.Email us at considerthis@npr.org.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
-
Folge vom 09.03.2023After Extra SNAP Benefits Expire, Some Fear A "Hunger Cliff"Some 16 million American households receiving benefits from the Supplemental Nutrition Assistance Program will get less money this month.During the pandemic, the federal government temporarily increased SNAP benefits. But those extra benefits have now expired. That means recipients will get about $90 less each month on average, according to the Center on Budget and Policy Priorities, a nonpartisan research institute. Some families may see their benefits cut by more than $250 per month.Dr. Megan Sandel, co-director of the Boston Medical Center's Grow Clinic, which focuses on treating malnutrition issues in kids, explains how children's health can suffer when families are not able to put enough food on the table.And NPR's Stacey Vanek Smith reports on another worrying trend in Americans' personal finances. Credit card debt is increasing at a record rate, as people struggle to keep up with inflation.This episode also features reporting from NPR's Alison Aubrey. In participating regions, you'll also hear a local news segment to help you make sense of what's going on in your community.Email us at considerthis@npr.org.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy