Billionaire Warns of Imminent Bank Runs if Government Fails to Guarantee All SVB Deposits
Billionaire Bill Ackman has warned of “vast and profound” consequences of the U.S. government letting Silicon Valley Bank (SVB) fail without protecting all depositors. “No company will take even a tiny chance of losing a dollar of deposits as there is no reward for this risk. Absent a systemwide FDIC deposit guarantee, more bank runs begin Monday am,” he cautioned. Government Has Until Monday Morning to Fix Its...
Rich Dad Poor Dad Author Robert Kiyosaki Warns Another Bank Is Set to Crash
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says that another bank is set to crash following the collapse of Silicon Valley Bank and the voluntary liquidation of Silvergate Bank. Kiyosaki also recently said the world economy is on the verge of collapse, warning of bank runs, frozen savings, and bail-ins. Robert Kiyosaki Predicts Another Bank Is Set to Crash The author of Rich Dad Poor Dad, Robert...
Piracy Subreddit Avoided a Reddit Ban By Censoring Itself to Death
In the wake of the music industry’s destruction of Napster, hopes of a file-sharing vacuum were overwhelmed by a laundry list of protocols and software clients, some pre-existing, some new. DCC, Gnutella, Freenet, eDonkey2000, Kazaa/FastTrack, WinMX, Bearshare, Grokster, Morpheus – the list went on and on – but with no social media, various news and discussion forums took off. Sites like Slyck, Unite the Cows, and Zeropaid became the...
Our favorite tech books written by women
Our favorite tech books written by women AmyJune Sun, 03/12/2023 – 03:00 Whether you’re a fast reader or someone who takes a book at a leisurely pace, a whole month is an ample time to explore a new book. As March is Women’s History Month, we asked Opensource.com contributors to tell us about their favorite books by women authors. Leadership books As an engineer turned agency CTO, one book I consider “required...
Central Bank of Bolivia Selling Dollars Directly to Citizens as Devaluation Fears Rise
The Central Bank of Bolivia is now selling dollars directly to citizens in order to curb what it is calling a speculative attack that has increased the demand of the population for foreign currency. This rise in demand has been caused by several factors which led the population to believe there might be a devaluation move coming. Central Bank of Bolivia Sells Dollars to Appease Local Market The Central Bank of Bolivia is executing...
