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Howie Carr: SVB wokest to brokest bank overnight

Published Wed, 26 Feb 2025 05:38:40 GMT

Where do I go to get my free money?Why must you and I and millions of other Americans who work for a living bail out the Beautiful People who foolishly stashed their cash in Silicon Valley Bank?Wasn’t the deal that you had to keep your balance under $250,000 to be protected by FDIC insurance?I guess that rule wasn’t in effect if you were woke, a member of a protected class or contributed enough to Democrat fat cats, or all of the above.Here’s how America works now. If a Democrat fat cat makes an investment and it pays off, he or she reaps the profits and sends a 10% kickback to the Big Guy.If the Biden bundlers lose their shirts, they forward the unpaid bills to the taxpayers and flee on their private jets to Aspen or Palm Beach for a long weekend.Why aren’t Bernie Sanders and the fake Indian complaining about this kind of “corporate welfare” for the Politically Correct?Overnight, SVB went from America’s wokest bank to its brokest bank. Funny how that works, isn’t it? Just ask Disne...

Patriots sit out initial days of NFL free agency despite ample cap room, lack of spending

Published Wed, 26 Feb 2025 05:38:40 GMT

Two days into free agency, the Patriots are sitting on the side of the pool.No splashes. Just dipping their toes in the water, gathering with old friends and waving one goodbye.Wide receiver Jakobi Meyers agreed to terms on a three-year, $33 million contract Tuesday with Las Vegas, a source confirmed to the Herald. Meyers will receive $21 million guaranteed in his new deal, which fell short of projections for the best wideout available and allows the Raiders to cut ties without penalty next offseason.The Patriots also re-signed safety Jabrill Peppers and added a new offensive tackle.But as of late Tuesday night, the Patriots continued to sit out the initial waves of free agency despite holding the fifth-most cap space in the NFL and ranking dead last by 2023 cash spending, per Over The Cap.Meyers’ departure suddenly leaves the offense with a major hole at wide receiver. Last year, he caught 67 passes for 804 yards and six touchdowns and repeatedly expressed an interest in retu...

Musk internet kits a boon for bad actors in Brazilian Amazon

Published Wed, 26 Feb 2025 05:38:40 GMT

ATALAIA DO NORTE, Brazil (AP) — Brazilian federal agents aboard three helicopters descended on an illegal mining site on Tuesday in the Amazon rainforest. They were met with gunfire, and the shooters escaped, leaving behind an increasingly familiar find for authorities: Starlink internet units. Starlink, a division of Elon Musk’s SpaceX, has almost 4,000 low-orbit satellites lined up across the skies, connecting people in remote corners of the Amazon and providing a crucial advantage to Ukranian forces on the battlefield. The lightweight, high-speed internet system has also proved a new and valuable tool for Brazil’s illegal miners, with reliable service for coordinating logistics, receiving advance warning of law enforcement raids and making payments without flying back to the city.Agents from the Brazilian environment agency’s special inspection group and the federal highway police rapid response group on Tuesday found one Starlink terminal up and running next to a pit, an officer...

Austrian police warn of possible threat to Vienna churches

Published Wed, 26 Feb 2025 05:38:40 GMT

VIENNA (AP) — Austrian police warned Wednesday of a possible “Islamist-motivated attack” in Vienna against churches, citing undisclosed information the country’s intelligence service had received.Police in Vienna tweeted that they had heightened security in front of certain buildings, including churches, and increased the presence of officers in the Austrian capital.“There is a nonspecific threat of an assault against churches,” Vienna police tweeted. “As precautionary measure … points of interest have been put under increased guard by regular and special operation police forces.”“If there is a concrete danger for the population at a concrete location, Vienna police will warn immediately via all available channels,” police added.Police said they could not say how long their security measures would be in place for.“Police officers are equipped with bulletproof helmets and vests and assault rifles. They will carry out surveillance activities and also carry out checks in ro...

Dutch go to polls in midterm provincial elections

Published Wed, 26 Feb 2025 05:38:40 GMT

THE HAGUE, Netherlands (AP) — Voters in the Netherlands cast their ballots Wednesday in elections for provincial legislatures that have a national impact because they also indirectly decide the makeup of the country’s national senate.A big swing away from the ruling four-party center-right coalition of long-serving Prime Minister Mark Rutte could affect his ability to push reforms through the upper house of the national parliament in the remainder of his term.The vote comes amid widespread dissatisfaction with Rutte’s government and anger among farmers at plans to rein in nitrate pollution.Underscoring the discontent, Rutte and other political leaders were briefly unable to leave the venue of the final election debate Tuesday night because of farmers and others protesting outside.“It wasn’t a problem,” Rutte said Wednesday. “We were in good hands. I had a nice cup of coffee.”Dozens of parties take part in the provincial elections in this nation of nearly 18 million...

Global stocks mixed after Wall St rebounds from bank jitters

Published Wed, 26 Feb 2025 05:38:40 GMT

BEIJING (AP) — World markets were mixed Wednesday after Asian stocks rebounded while Europe opened lower and Wall Street futures declined.London and Frankfurt declined. Shanghai and Tokyo closed higher. Oil prices rose by $1 per barrel, recovering some of the previous day’s losses.Wall Street’s benchmark S&P 500 index rose Tuesday as bank stocks recovered some of their losses caused by worries customers might pull out deposits following the collapse of two U.S. lenders. That was despite data showing prices rose 6% over a year ago in February, decelerating from the previous month’s 6.4% but above the Federal Reserve’s 2% target. “Measures of stress in financial markets have eased back from their spike on Monday — but remain elevated,” said ING economists in a report.In early trading, London’s FTSE 100 lost 0.6% 7,591.73. The DAX in Frankfurt retreated 0.3% to 15,188.30 and the CAC 40 in Paris declined 0.7% to 7,094.06.On Wall Street, the ...

Edmunds Compares: 2023 Toyota Prius vs. 2023 Kia Niro

Published Wed, 26 Feb 2025 05:38:40 GMT

The Toyota Prius, which has become synonymous with hybrid cars the past 20 years, is fresh off a full redesign for 2023. The prior generation’s oddball styling, quirky interior and feeble powertrain are now in the rearview mirror. The new Prius now features an attractive look, a sleeker interior and a big increase in power. It’s even more efficient than the previous model. But it’s not the only hybrid car you should consider.The Kia Niro has been on the market since 2016, and like the Prius, it was also redesigned for the 2023 model year. The new Niro sports a stylish bold design, excellent technology and a roomier interior. But is Kia’s hybrid good enough to take on the long-running Prius? Edmunds experts compare them to find out which one is the better buy. FUEL ECONOMY AND POWER The Prius and Niro are two of the most efficient hybrids you can buy, but the Prius sips fuel slower. The front-wheel-drive base model boasts an impressive EPA estimate of 57 mpg in combined city and high...

China, Russia, Iran hold joint naval drills in Gulf of Oman

Published Wed, 26 Feb 2025 05:38:40 GMT

BEIJING (AP) — Naval forces from China, Iran and Russia — all countries at varying degrees of odds with the United States — are staging joint drills in the Gulf of Oman this week, China’s Defense Ministry has announced.Other countries are also taking part in the “Security Bond-2023” exercises, the ministry said Tuesday without giving details. Iran, Pakistan, Oman and the United Arab Emirates all have coastline along the waterbody lying at the mouth of the strategic Persian Gulf.“This exercise will help deepen practical cooperation between the participating countries’ navies … and inject positive energy into regional peace and stability,” the ministry statement said.The exercises scheduled for Wednesday through Sunday come amid heightened tensions between the U.S. and China over a range of issues, including China’s refusal to criticize Moscow over its invasion of Ukraine and continuing support for the Russian economy. The U.S. and its allies have condemned the invas...

How the last banking tumult fuels today’s populist politics

Published Wed, 26 Feb 2025 05:38:40 GMT

WASHINGTON (AP) — Mike Pence and Bernie Sanders are hardly political allies.But in the aftermath of two large bank failures, the conservative former vice president and the democratic socialist senator are striking remarkably similar tones. Pence, a Republican, bemoaned that “we live in a world where certain politically favored businesses are propped up, backstopped and bailed out by government.” Sanders, an independent who caucuses with Democrats, said “we cannot continue down the road of more socialism for the rich and rugged individualism for everyone else.” Their sentiment reflects the populism that has coursed through both political parties in the 15 years since shaky financial institutions last spurred anxiety about the broader economy. The 2008 financial crisis unleashed a political realignment that rejected perceived elites and establishment figures, often with unpredictable results for Democrats and Republicans alike.“There is rising discontent with corporate greed, wh...

Texas drove out Chinese firm, not the wind farm it planned

Published Wed, 26 Feb 2025 05:38:40 GMT

DEL RIO, Texas (AP) — Long before a Chinese spy balloon captivated and spooked the U.S. public, Kyle Bass foresaw what he deemed another foreign danger slated for skies above the Texas-Mexico border: wind turbines.Dozens of them, roughly 700 feet (213 meters) tall — as big as San Antonio’s tallest skyscraper — were set to sprout across thousands of scrubby acres near the pristine Devils River. Protests that a wind farm would harm a sensitive ecosystem in Texas flopped, but when attention turned to a Chinese billionaire behind the project, state lawmakers raced to pull the plug.“Drumming up the ire against the national security issues was easier than the environmental issues,” said Bass, whose Monarch Ranch near the Mexico border and the planned wind farm is a flight path for migrating birds and butterflies.U.S.-China ties are strained amid growing tensions over security and trade. In nearly a dozen statehouses and Congress, a decades-old worry about foreign land ownership has ...