In the past week, as spooked customers frantically withdrew $42 billion from Silicon Valley Bank, the U.S. government stepped in to craft a rescue operation for the failed lender.But efforts to contain the crisis have met resistance, and the fallout of the collapse has already spread to other regional banks, whose stocks have plummeted.Guest: Emily Flitter, a finance correspondent for The New York Times.Background reading: The stunning demise of Silicon Valley Bank has spurred soul-searching about how large and regional banks are overseen.Here’s what to know about the bank’s collapse.For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.
Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.
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Folge vom 17.03.2023Why the Banking Crisis Isn’t Over Yet
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Folge vom 16.03.2023France’s Battle Over RetirementThis episode contains strong languageMillions of people have taken to the streets in France to protest a government effort to raise the retirement age to 64, from 62, bringing the country more in line with its European neighbors.Today, as Parliament holds a key vote on the proposal, we look into why the issue has hit such a nerve in French society.Guest: Roger Cohen, the Paris bureau chief for The New York Times.Background reading: After large protests, all eyes were on the French Parliament on Thursday as it prepared to vote on the measure to increase the retirement age by two years.Here are some of the reasons so many people in France are protesting the proposals.For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.
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Folge vom 15.03.2023What to Know About the Covid Lab Leak TheoryThree years after the start of Covid, the central mystery of the pandemic — how exactly it began — remains unsolved. But recently, the debate about the source of the coronavirus has re-emerged, this time in Congress.The Energy Department has concluded, with “low confidence,” that an accidental laboratory leak in China was most likely the origin, but politics are making it harder to find definitive answers.Guest: Benjamin Mueller, a health and science correspondent for The New York Times.Background reading: Republicans have pushed the lab leak theory, but they lack a “smoking gun.”What we know and don’t know about the origins of Covid.For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.
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Folge vom 14.03.2023The Implosion of Silicon Valley BankWith federal regulators planning to take over the collapsed Silicon Valley Bank, a 40-year-old institution based in California, nearly $175 billion in customer deposits will be placed under the authorities’ control.The lender’s demise is the second-largest bank failure in U.S. history and the largest since the financial crisis in 2008. The debacle raised concerns that other banks could face problems, too.Guest: Emily Flitter, a finance correspondent for The New York Times.Background reading: A run on deposits brought Silicon Valley Bank’s failure.Here’s what to know about the fallout from the lender’s collapse.For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.