One american retirement

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

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

Ben Cohen of Ben & Jerry’s is telling me a story about smoking pot. We’re on Zoom, and he says: “The idea came about when I was on a camping trip with a friend of mine, sitting around a fire, smoking a joint. And we were saying, ‘Wouldn’t it be nice to have pot like the old days?’” The idea Cohen is referring to is his latest venture, the eponymously named Ben’s Best Blnz , or B3. The just-launched company is a bright, bold cannabis brand that offers low-THC pre-rolls and full-spectrum vapes. Much like his endeavors in ice cream, Cohen set out to use B3’s platform as a conduit for what he refers to as “social benefit.” B3 is registered as a nonprofit, with 100% of its profits split between three entities: 10% will go to the Last Prisoner Project , an organization dedicated to freeing individuals impacted by cannabis criminalization; another 10% will be donated to the Vermont Racial Justice Alliance , whose mission is to “secure sustainable power, ensure … [Read more...] about Ben of Ben & Jerry trades ice cream for cannabis

LA Santos LA Santos said that he is still waiting for his big break in show business to happen, but that he is taking his career one step at a time. Speaking to reporters during the mediacon for his new movie “Maple Leaf Deams” with Kira Balinger, Santos vowed to do his best and never tire of learning the ropes in showbiz, which he’s learned to love. He said that he would dedicate his triumphs to his mother, who was fully supportive of him. “Hanggang ngayon ay naghihintay pa rin ako ng big break ko. Umpisa pa lang talaga ng career ko, gusto ko lang mapasaya ‘yung nanay ko po. ‘Yung mommy ko po, mapagmahal siyang tao. Gusto niya lang ipakita ang pagmamahal sa tao. Gusto lang niyang i-share ang pagmamahal sa tao,” he said. (Until now I am still waiting for my big break. At the start of my career, I just want to make my mom happy. My mom, she’s a very loving person. She just wants to show love to people. She wants to share love to the people). Santos also said that he would … [Read more...] about LA Santos says he’s still waiting for his big break

This 2016 photo provided by Netflix shows writer/producer Marta Kauffman, from left, Jane Fonda, as Grace Hanson, and Lily Tomlin, as Frankie Bergstein, in a scene from “Grace and Frankie”. Image: Netflix/Melissa Mosley via AP Ask Marta Kauffman if there will be a “Friends” reunion someday, and the answer is a crisp “nope.” Kauffman, who created the enduringly popular sitcom with David Crane and was an executive producer from start to finish, is focused on what’s now and next, not what’s past. She’s moved on from the 1994-2004 network-airbrushed adventures of young New York pals to the unvarnished pains and pleasures of older women — and, subordinately, men — in “Grace and Frankie”. The Netflix comedy is in the hunt to add 2019 Emmy Award nominations to those earned in its first four seasons by stars Jane Fonda and Lily Tomlin, who also have received Screen Actors Guild, Golden Globe and other nods of recognition. “Friends” can boast of nabbing a best comedy series Emmy in … [Read more...] about ‘Friends’, ‘Grace and Frankie’ creator outfoxes sexism

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

Republicans in the House of Representatives, led by Illinois Rep. Mary Miller, are calling for the firing of four Department of Defense (DOD)-affiliated doctors who appeared to advocate for sex-change procedures for children as young as seven years old. Drs. David Klein, Thomas Baxter and Natasha Schvey are all physicians at Travis Air Force Base in California, while Dr. Noelle Larson works at Walter Reed National Military Medical Center in Bethesda, Maryland. The four wrote in an article for the American Journal of Public Health that “ children can begin participating in their medical decision-making as early as age seven years” and that “youths … have an inherent ability and right” to hormones and sex-change operations. The doctors add that providing hormones and sex-change operations for minors can improve force readiness, so military doctors should be trained in the field. “If DOD advocates for the chemical castration of 7 – year – old children to … [Read more...] about EXCLUSIVE: House Republicans Urge Pentagon To Fire Doctors Who Appeared To Promote Sex-Change Operations For Children

House leadership may bring H.R. 6, the 21st Century Cures Act, to the floor after next week’s House recess. The bill doesn’t cure a thing, except, perhaps momentarily, the appetite of the federal leviathan to grow. H.R. 6 deepens the federal government’s involvement in medicine, a role that the Founding Fathers wisely left to the states and the people through the Tenth Amendment.  The legislation is well-intentioned, but turns federalism on its head and spends a massive amount of money with dubious offsets. H.R. 6 is a 309 page bill that attempts to accomplish quite a bit. The bill’s goals include promoting personalized medicine, improving the clinical trials process, making the regulatory path clearer for medical apps, creating economic incentives for the development of drugs for rare diseases, improving, “the entire biomedical ecosystem ensuring the innovation infrastructure works as quickly and efficiently as possible.” Oh, it is also a “ jobs bill .” Somewhere in the … [Read more...] about The Century Cures Act Is A Needless Waste

Share to Twitter Share to Linkedin North Carolina’s First Citizens Bank doubled its size with the stroke of a pen in the early hours of Monday morning with its landmark FDIC-assisted acquisition of Silicon Valley Bank , and nobody will reap the rewards more than the family that has orchestrated its growth for the last century. Chairman and CEO Frank Holding Jr. and his four sisters Olivia Holding, Hope Bryant, Carson Brice and Claire Bristow collectively own about 20% of First Citizens’ stock and have close to 50% voting power in the company, according to SEC filings, for a cumulative stake worth $2.7 billion thanks to Monday’s 54% stock gain following the deal. The surge erased all of the stock’s year-to-date losses in the regional bank selloff stemming from SVB’s failure and contagion fears. Raleigh-based First Citizens and the Holding family have kept a low profile for decades, but the family-owned bank has been on a mission to expand nationwide via … [Read more...] about SVB’s New Owners, The Billionaire North Carolina Family Behind First Citizens, Are Quietly Building A Banking Empire

By NICOLAS GARRIGA and JOHN LEICESTER (Associated Press) PARIS — Protests and strikes against unpopular pension reforms kicked off again Tuesday across France, with police security ramped up against feared violence and government warnings that radical demonstrators intend “to destroy, to injure and to kill.” Fears that violence could mar the demonstrations prompted what Interior Minister Gérald Darmanin described as an unprecedented deployment of 13,000 officers, nearly half of them concentrated in the French capital. Protests got underway peacefully Tuesday morning, with large crowds in multiple cities. In Paris, striking railway workers with burning flares and flags invaded and blocked train tracks serving one of the capital’s main stations, Gare de Lyon. Police were braced for violence later in the day. The interior minister said more than 1,000 “radical” troublemakers, some from overseas, could latch on to marches planned in Paris and elsewhere. “They come to destroy, … [Read more...] about France braces for violence in new wave of pension protests