National speech

If you keep your money in a small or mid-sized bank, the government made clear it’s willing to bail you out if your institution fails. Seeking to reassure depositors that their money was safe in the nation’s banks no matter the size, Treasury Secretary Janet Yellen said Tuesday morning that last week’s bailouts of uninsured depositors at the failed Silicon Valley and Signature banks would be repeated at smaller institutions if needed. “Our intervention was necessary to protect the broader U.S. banking system,” Yellen said in a speech at the American Bankers’ Association summit in Washington. “And similar actions could be warranted if smaller institutions suffer deposit runs that pose the risk of contagion.” Yellen’s comments made clear that the government is willing to extend the “too big to fail” logic that implicitly protects depositors at large banks to small regional and community banks put at risk of bank runs by the collapse of Silicon Valley Bank. Yellen said the … [Read more...] about Yellen: Government Willing to Back Deposits at Small and Mid-Sized Banks

Senator Sherwin Gatchalian and Philippine offshore gaming operation. PHOTO: INQUIRER FILES, SENATE PRIB MANILA, Philippines — Senator Sherwin Gatchalian claimed Tuesday that a Senate panel recommendation to permanently ban the Philippine offshore gaming operators (Pogos) in the country already has the support of the majority of its members. “Hindi ko muna idi-disclose sa inyo but meron na tayong nadagdagan especially after nung privilege speech,” Gatchalian said in an interview at the Senate. (I will not disclose it to you for now, but we have gained additional support, especially after the privilege speech.) “Mare-report out na natin ‘yun,” added the senator, who, as chairman of the Senate committee on ways and means, led the probe on the impact of the offshore gaming operations in the country. (We can already report it.) If the Senate adopts the committee report, Gatchalian said it would send a strong message to the executive. However, he also stressed that whether or … [Read more...] about Gatchalian says panel report vs Pogos gaining support from senators

Companies founded by women received less than 2% of venture capital funding in 2022— a decline from the year before. However, when women-led startups are funded, research has shown that they generate more in cumulative returns, compared to those led by men. A new VC fund aims to take this lesson to women’s sports. On Monday, venture capitalists Kara Nortman and Jasmine Robinson announced the close of a $100 million fund, the Monarch Collective, with a mission to “accelerate equity in global sport.” Nortman is a former partner at the Los Angeles-based venture capital firm Upfront Ventures. Robinson was a partner at Causeway, a fund focused on sports, media, and entertainment. The Monarch Collective, founded in January, will focus on investing in women’s teams and leagues, along with adjacent industries, such as media and gaming. The duo say they are initially considering investments in women’s soccer teams in the U.S., and in women’s teams and leagues in sports such … [Read more...] about The Monarch Collective unveils $100 million fund to bring equity to women’s sports

A delicate outline of a house has materialized in the icy darkness of Antarctica. Like a child’s line drawing built at full scale, stainless steel pipes have been welded together into the shape of a typical house from a Ukrainian village. It’s an art installation at the Ukrainian Vernadsky Research Base in Antarctica, where scientists and researchers spend months studying the polar environment in near isolation and thousands of miles from home. Since the full-scale Russian invasion of Ukraine more than a year ago, this remove has made the experience even more lonely. The installation is called Home. Memories , and seeks to make the station a home away from home for the polar researchers. Designed by Kyiv-based architecture firm Balbek Bureau , the rectangular shape of a rural house is rendered in thin stainless steel tubes, with quaintly decorated windows, a shallow pitched roof, and a chimney. Based on a composite of homes typical of the Ukrainian … [Read more...] about This polar art installation is a stunning ode to Ukraine

HONG KONG  -Asian and European markets traded higher on Tuesday, as fears of a banking crisis eased thanks to the sale of fallen lender Silicon Valley Bank. News that North Carolina-based First Citizens Bank had agreed to take over most of SVB boosted European stocks and Wall Street on Monday. The gains were led by banking shares, following a rout last week over concerns that the turmoil in the sector could hit other major institutions, such as German giant Deutsche Bank. Hong Kong and Tokyo closed higher, while Sydney, Singapore and Seoul also gained. Shanghai was down, however. European equities were also higher in early trade, with London, Frankfurt and Paris all in positive territory. Ray Attrill, head of FX strategy at National Australia Bank, said Tuesday that the acquisition by First Citizens had “helped set a positive tone” in global markets. SVB deal helps to steady banks amid credit crunch concerns “Together with the absence of new scare stories over … [Read more...] about Asian, European markets rise as banking crisis fears ease

The Richard Rodgers Theatre is seen on June 6, 2019 located on 226 West 46th Street where “Hamilton”, one of Broadway’s biggest hits, is playing in New York. Photo by TIMOTHY A. CLARY / AFP) NEW YORK — After triumphing on Broadway, the lower 48 states and London’s West End, “Hamilton” is eyeing its first non-English production as well as tours throughout Europe and Asia. The much-decorated musical, currently being staged nightly in London and New York as well as four other US cities, last month announced plans to launch in Sydney in early 2021 in a production expected to tour Australia before going to Asia, its producer said in an interview. The “Hamilton” team is also working with a German hip-hop artist and playwright to develop a German-language version of the work. The show, which is performed by a mostly non-white cast and mixes pulsating rap numbers with ballads and traditional musical numbers, has been credited with invigorating Broadway, thrilling audiences of … [Read more...] about After conquering Broadway, ‘Hamilton’ eyes global tour

Image: Instagram/@msaiaidelasalas Comedy Queen Ai-Ai delas Alas was irked at how some Filipinos tend to improperly throw their receipts on the floor despite the automated teller machine (ATM) area having a trash can. Delas Alas took a video of the area and called out Filipinos on their seeming lack of discipline on Instagram last Sunday, Feb. 2. “Grabe. Mga ate, mga kuya, pwede namang dito ‘di ba?” delas Alas said as she panned the camera toward a cardboard box serving as a trash bin. “Meron namang lalagyanan ng papel. Pwede naman ‘di ba? Sana naman ‘wag tayong ganon.” (This is too much. Sisters and brothers, we can throw it here right? There is a proper place where you can dispose of your paper. We can do it, right? I hope that we stop doing this [littering].) “Matuto naman tayong maging disiplinado (Let us learn how to be disciplined),” she added. Delas Alas’ short video shows the area surrounding the ATM littered with receipts from the machine itself while there is a … [Read more...] about Ai-Ai delas Alas calls out Filipinos for littering at ATM

Passengers of a pick-up truck barely escaped a landslide that hit Gingoog City-Claveria-Villanueva Road in Misamis Oriental. Their near-death experience was captured on the vehicle’s dash camera. RELATED ARTICLES: ‘Worst commuting experience:’ Student claims laptop damaged at MRT-3’s x-ray | INQStories BI apologizes to Filipina in viral immigration rant for ‘inconvenience’ | INQStories Man turns casket into sizzling ‘coffin grill’ | INQStories Meet the man preserving the art of street box photography | INQStories Behind the success stories of online freelancers | INQStories It’s thrice the fun – siblings share same birthday | INQStories ‘Lolo vlogger’ celebrates having 300 subscribers, gains 56,000 more | INQStories Your subscription could not be saved. Please try again. Your subscription has been successful. … [Read more...] about WATCH: Landslide caught on camera in Misamis Oriental | INQStories

President Ferdinand R. Marcos Jr. lauded Pag-IBIG Fund’s highest dividend rates since the Covid-19 pandemic, as its Regular Savings dividend rate for 2022 reached 6.53 percent and its Modified Pag-IBIG 2 (MP2) Savings surged to 7.03 percent per annum The dividend rates on the members’ savings of the agency were the highlights of the Pag-IBIG Fund Chairman’s Report for 2022, where the president spoke before a gathering of agency members, partners and stakeholders at the SMX Convention Center, Tuesday (March 28). “It makes me proud that your agency’s stewardship of our national savings program has successfully provided affordable shelter financing for our people. Let me thank all of you, the members who are the owners of Pag-IBIG Fund, including concerned housing developers, partners, and other key stakeholders who have been instrumental in fulfilling the Pag-IBIG Fund’s mandate, of serving the Filipino workforce,” the President said. “As the Pag-IBIG Fund was established under the … [Read more...] about PBBM lauds highest Pag-IBIG dividend rates since pandemic: 6.53% for Regular Savings, 7.03% for MP2

Lolo Vlogger Reynaldo Cha had a reason to celebrate as he crossed 300 subscribers on YouTube, throwing a pancit party to commemorate the milestone. His celebratory video went viral, and the online community flocked to his channel, resulting in a whopping 56,000 new subscribers in only six days. /abc RELATED STORIES WATCH: Conductor, bus driver return $3,000 found in sock | INQStories #LoveWins: Couple exchanges vows in LGBTQIA+ ‘commitment ceremony’ | INQStories Filipina recalls horror of deadly earthquake in Turkey | INQStories Nursing student saves Cebu vendor from neck-slashing | INQStories How a queer couple made a barbershop a ‘safe space’ for everyone | INQStories How a woman is breaking ‘macho’ tattoo stereotypes | INQStories Couple treats guests with onion giveaways on their wedding day | INQStories Artist makes ‘basahan’ jacket out of fabric scraps | INQStories Your subscription could not be saved. … [Read more...] about WATCH: ‘Lolo vlogger’ celebrates as subscriber base explodes overnight – from 300 to 56,300 | INQStories