SVB Shockwaves, U.S. Government Sued, and March Madness

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Keeping up with America

  • Shockwaves from the collapse of Silicon Valley Bank pounded global bank stocks further as assurances from President Joe Biden did little to calm markets.

  • California state appeals court revived a ballot measure allowing app-based services such as Uber Technologies Inc and Lyft Inc to treat drivers as independent contractors rather than employees.

  • The U.S. government sued Rite Aid Corp, accusing the pharmacy chain of missing "red flags" as it illegally filled hundreds of thousands of prescriptions for controlled substances, including opioids.

  • US President Joe Biden has approved a major oil and gas drilling project in Alaska, intended to create local investment and thousands of jobs. But the Willow project has faced strong opposition from environmental activists over its climate and wildlife impacts.

  • An Islamic extremist who killed eight people when he intentionally drove a truck down a New York City bike path in 2017 has been spared the death penalty.

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Daily World News

  • Chinese leader Xi Jinping plans to speak with Ukrainian President Volodymyr Zelensky for the first time since the start of the Ukraine war, likely after he visits Moscow next week to meet with Russian President Vladimir Putin. The meetings with Messrs. Putin and Zelensky, the latter of which is expected to take place virtually, reflect Beijing’s effort to play a more active role in mediating an end to the war in Ukraine.

  • Britain’s knights of the realm have included the man who invented a prime minister’s favorite raincoat. Other prestigious honors have been bestowed on a former prime minister’s barber and his wife’s personal stylist. Now, Boris Johnson has tried to secure a knighthood for his father, Stanley.

  • The U.S., Australia and United Kingdom announced that Australia will acquire nuclear-powered submarines, making official a decades-long plan that will require billions of dollars of new investment in the defense industrial base in all three countries. (More)

Quote of the Day

Many big and small things happen in our lives, almost on daily basis, and I hope that everyone would not lose the trust that they have in themselves, and never lose positive attitude.

Business & Tech

  • Artificial intelligence is reaching behind newspaper paywalls (More)

  • The small consolations of office irritations - the silver linings of interruptions and impostor syndrome (More)

  • Don’t fear an AI-induced jobs apocalypse just yet (More)

Wealthy Wise

  • Silicon Valley Bank's collapse sows fear over banking system. Here's what to know (More)

  • First Republic Bank shares plummet as banking fears spread | Khristopher J. Brooks, CBC News The stock price of First Republic Bank cratered on Monday despite its attempts to quell investor fears after the sudden collapse of Silicon Valley Bank and Signature Bank.

  • Bank stocks fell Monday on worries about what may be next to topple following the second- and third-largest bank failures in U.S. history. (More)

Sports and Entertainment

  • Jay Bilas picks every single game in the 2023 NCAA men's basketball tournament (More) | 49ers agree to one-year deal with QB Sam Darnold, source says (More)

  • Kelly Clarkson loses 'incredible' singer on 'The Voice' to Niall Horan after blocking Blake Shelton (More) | Did the ‘Last of Us’ Finale Make the Right Choice? (More)

  • Tiger Woods' attorney says Erica Herman is 'jilted' ex-girlfriend' with meritless claims (More) | The CW’s Superhero Soap Struggles to Find Its Identity (More)

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