Philip Pacheco/Bloomberg via Getty Images The collapse of Silicon Valley Bank was caused by a massive run on the bank, with customers initiating withdrawals of $42 billion this week. The bank was placed into Federal Deposit Insurance Corp. receivership on Friday after the California Department of Financial Protection and Innovation (DFPI) determined the bank had
GOP Rep. Buddy Carter: Biden’s Drained SPR and Now We Might Need It
November 10, 2022 by
On Thursday’s broadcast of the Fox Business Network’s “Kennedy,” Rep. Buddy Carter (R-GA) said that we now find ourselves in a situation where we might need the Strategic Petroleum Reserve for what it’s actually designed for, but the reserve has been drained by President Joe Biden. Host Jackie DeAngelis asked, [relevant remarks begin around 1:35]
AP: Golden Globes, Drained of Glamour, Kicks Off Amid Race Controversy
March 1, 2021 by
NEW YORK (AP) — When drained of glamour, what’s left of the Golden Globes? That’s one of the biggest questions heading into the 78th annual awards on Sunday night. The show, postponed two months from its usual early-January perch, will have little of what makes the Globes one of the frothiest and glitziest events of…