Free Republic

House Speaker Kevin McCarthy, R-Calif., said Sunday that he’s “hopeful” federal officials will make an announcement on the collapse of Silicon Valley Bank before the market opens. McCarthy said in an appearance on Fox News’ “Sunday Morning Futures" that he's spoken with Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen after regulators shutdown SVB, one of the leading lenders to the tech sector. “They do have the tools to handle the current situation, they do know the seriousness of this and they are working to try to come forward with some announcement before the markets open,” McCarthy said....

I once believed that GM had everything needed for a successful EV program. The Detroit carmaker invested billions in overhauling its factories and building new ones. Its EV plans looked rock solid, with more than a dozen EV models planned, some in the mass-market segments. GM even started partnerships with battery makers and raw material suppliers to ensure it has everything in place for a successful execution of its EV plan. I smiled when Mary Barra vowed to surpass Tesla by 2025, although I thought if anyone were to challenge the EV leader, it would be GM. With all the...

Financial regulators are discussing two different facilities to manage the fallout from the closure of Silicon Valley Bank if no buyer materializes, according to a source close to the situation. One way that the regulators would step in would be to create a backstop for uninsured deposits at Silicon Valley Bank, using an authority from the Federal Deposit Insurance Act -snip- Another option would be a “general banking facility” from the Federal Reserve that would support other financials with exposure to SVB.

Arizona’s top education official launched a hotline this week for state residents to report K-12 class curriculum and lessons that they deem “inappropriate,” the Arizona Department of Education said in a press release. Championed by state Superintendent for Public Instruction Tom Horne, the “Empower Hotline” allows residents to voice their concerns about classroom materials that “detract from teaching standards,” including lessons that “focus on race or ethnicity rather than individuals and merit, promote gender ideology and social emotional learning,” the department said. Horne, a Republican, unseated the Democratic incumbent last fall, running on a campaign platform of “fighting critical race...

THIRD SUNDAY OF LENT John 4:5-42 Friends, in today’s Gospel, Jesus encounters the Samaritan woman. Throughout the Old Testament, wells are trysting places. Abraham’s servant found a wife for Isaac by a well; Jacob met his wife, Rachel, by a well.Therefore, when St. John tells us that Jesus encountered a woman at Jacob’s well, we should expect that something like marriage is in the offing. The Samaritan woman stands, says St. Augustine, for the Church, which is the bride of Jesus.The Samaritan woman tells Jesus that she is unmarried. Jesus responds with devastating clarity: “You are right in saying, ‘I...

President Trump on Monday urged Republican governors to take action to fix election-related problems in their states, calling for same-day voting, paper ballots, and voter identification.“All Republican Governors should immediately pull out of ERIC, the terrible Voter Registration System that ‘pumps the rolls’ for Democrats and does nothing to clean them up. It is a fools game for Republicans,” he wrote on Truth Social.He continued, “….And while these Governors are at it, GO TO SAME DAY VOTING, ALL PAPER BALLOTS, AND VOTER I.D. (VOTER IDENTIFICATION). Mail-In Voting ONLY for FAR AWAY MILITARY and those that are VERY SICK! PROBLEMS ON...

Jude is an adorable and perfect little guy. *pic below*. He went from healthy to struggling to breathe in what seemed overnight and is now in PICU. I am helpless to do anything but pray and posting here came to mind. If nothing else, may help ease the stress on Mom and Dad a tiny bit. Thanks for any advice.

Former President Donald Trump and the J6 Prison Choir's single "Justice for All" has shot to the top of the iTunes music charts.Trump teamed up with imprisoned Jan. 6 defendants earlier this week to release a charity single titled "Justice for All."The officially released track debuted as a digital single and a vintage vinyl record on several streaming services. The single features 20 men who are held in jail in Washington, D.C., singing the national anthem with Trump reciting the pledge of allegiance. The prisoners recorded their contributions through a jailhouse phone.The single was designed to raise money for some...

Rep. Greg Steube, R-Fla., on Friday introduced legislation that would allow congressional employees to carry legally possessed weapons in self-defense to and from Capitol Hill and safely store them while at work. The Safe Storage Lockers for House Office Buildings Act would require Capitol Police to install and operate lockers at the entrances of House office buildings where workers could store their weapons. In Washington, D.C., individuals are allowed by law to carry and use certain weapons for self-defense, including self-defense sprays, stun guns and concealed firearms. However, both D.C. and federal law prohibit individuals from carrying these weapons inside...

Alex Jones warns viewers of Central Bank Digital Currencies (CBDCs) and how they will be brought in via a greater societal collapse.

As net-zero policies wreak havoc federally, individual states desire to stymie its ruinous consequence. The Commonwealth of Kentucky wants to implement measures to shield their electric grid from instability wrought by unreliable, costly renewable energy adoption. The General Assembly is deliberating legislation, Senate Bill 4, to remedy this issue. If passed, the bill would require the Public Service Commission to prove coal plant retirement won’t negatively impact grid reliability and resilience. All the while having no adverse impact on electric utility rate affordability. As of this writing, the bill passed the state senate by a 25-8 vote. It now awaits...

-snip- SVB would reopen on Monday morning, under the control of the newly created Deposit Insurance National Bank of Santa Clara. Once that happens, insured depositors with up to $250,000 in their accounts will be able to access their money. But the majority of deposits at SVB were not insured, and it is unclear when those customers will be able to access their money -snip- One potential option could be to use the FDIC’s systemic risk exception tool to backstop the uninsured deposits at SVB. Under the Dodd-Frank Act, that move would need to be made in concert with the...

You will forgive me if from time to time I find myself silent and stymied in the doldrums. The past three years, in our Corona Epoch, weigh heavily on us all, but there is more: these past three years have revealed to those with eyes to see and ears to hear the rank depths of corruption within virtually every institute of government and within virtually every formerly honorable profession.

Joe Biden's Promises to Increase Interest Rates and Taxes Despite a Recession of which he Denies. He says this knowing that it will greatly increase inflation. I believe he is continually raising interest rates with fellow socialist in the federal reserve, to kill the housing market. I believe he wishes higher taxes to so weaken Americans and American businesses such that they fail and call for Socialism (causing the problem to get bad Solution).I believe he is causing inflation to rise rampantly for the same reason.I believe He is trying to Deconstruct America across the board so we will succumb...

A SAN FRANCISCO-BASED company that fights parking tickets by using artificial intelligence and automated processes has been sued for the unauthorized practice of law. In a lawsuit filed against DoNotPay Inc. in San Francisco Superior Court on Tuesday, Jonathan Faridian of Yolo County seeks damages for alleged violations of California’s unfair competition law, alleging that he would not have subscribed if he knew that the “World’s First Robot Lawyer,” as the company calls itself, was not actually a lawyer. The book “System Error: Where Big Tech Went Wrong and How We Can Reboot,” written by three Stanford professors, begins with...

Federal regulators are conducting an auction for Silicon Valley Bank, with final bids due Sunday, according to a report from Bloomberg News. The bank was closed by regulators on Friday after massive withdrawals a day earlier created a bank run. The Federal Deposit Insurance Corporation took control of the bank on Friday, and started an auction process on Saturday night, according to the report. It is still possible that no deal is reached, the report said.

When LGBTQ Floridians, their families and their supporters arrive in the state capital Monday to start two days of what organizers are calling pride, passion and resistance, they’re more likely to encounter a brick wall of opposition than a welcome mat and an open door. In the last two years, the rhetoric and policies flowing from Gov. Ron DeSantis, his administration, and the Republican-controlled state Legislature have left the LGBTQ community, along with family members, friends and employers anxious as they adjust to a new reality and wait to see what comes next from Tallahassee. “They have just decided to...

Russia's metropolitan elites have avoided the impact of heavy battlefield casualties that the country's forces are sustaining in Ukraine, according to a new defense intelligence assessment. Russia's elite, particularly in the major cities of Moscow and St. Petersburg, have so far emerged "relatively unscathed" from the "extremely heavy casualties" being racked up in the ongoing Ukraine war, the British defense ministry said on Sunday. In the eastern regions of Russia, the death toll for Russian troops is likely more than 30 times higher than in Moscow, as a percentage of population, the ministry wrote in its daily update on Twitter....

The Argentine Association of Agricultural Producers (AAPA) seeks to add adhesions due to the lack of responses from the Executive to their claims. This Monday is the deadline set by the linking table. In the last month 15 million tons between soybeans and corn is what would have been lost throughout the country due the drought and the heat wave, according to the Rosario Stock Exchange (BCR). The projection for the remainder of the year is not encouraging either: it could reach 50 millions tons. In this scenario, sectors of the countryside threatened to carry out strong protest measures. The...

Parents in Elk Grove, California, are livid after a high school assembly featured a drag show that the parents say was inappropriate — and mandatory for students to attend.