Bank Failures Draw Comparisons to 2008

Steve Chiavarone doesn’t want to scare anyone, but what he remembers most from the last banking crisis was how sure most people were that it wouldn’t happen.

At his New York office in early 2008, Wall Street’s best and brightest — “strategist after strategist after strategist after strategist,” recalls Chiavarone, now senior portfolio manager at Federat…

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Uber Drivers Say a ‘Racist’ Algorithm Is Putting Them Out of Work

Abiodun Ogunyemi has been an Uber Eats delivery driver since February 2020. But since March he has been unable to work due to what a union supporting drivers claims is a racially-biased algorithm. Ogunyemi, who is Black, had submitted a photograph of himself to confirm his identity on the app, but when the software failed to recognize him, he was blocked from accessing his account for &l…

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Mark Zuckerberg Is Reportedly Building an Underground Bunker

Meta CEO Mark Zuckerberg and his wife Priscilla Chan, co-founder and co-CEO of the Chan Zuckerberg Initiative, plan to build a 5,000-square-foot underground shelter on their Hawaii ranch with its own energy and food supplies, according to a Wired investigation published earlier this month.

The plan is that the shelter’s door will be made of metal and filled in with concrete—c…

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Whatever Happened to Amazon’s Drone Delivery Service-

Amazon’s squadron of delivery drones was supposed to be in full flight by now. And the fall of 2021 would have been an opportune time to have little automated flying machines delivering packages to customers—what with all the trouble human workers are causing around the country with strikes and labor shortages. Amazon announced an experimental drone delivery service with great fanfa…

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85% of Silicon Valley’s Bank’s Deposits Were Not Insured

Silicon Valley Bank was aptly named: It held the funds of hundreds of U.S. tech companies and was a crucial player in the valley’s economy. But on Friday, it became the second largest bank failure in U.S. history after a rapid run on its deposits. Some $175 billion in customer accounts were taken over by the Federal Deposit Insurance Corporation (FDIC), which is now tasked with returning …

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The Best Movies of 2023 So Far

Summer is only just now upon us, which means it’s way too early to take stock of the year’s best movies. Or is it? We all know that the Oscar pundits don’t really start making noise until the final months of the year, from September to December: those are the months in which the Oscar hopefuls start rolling in, and studios start campaigning for their big releases. But the halc…

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‘And Just Like That’ S2’s Biggest Moments

Clear your schedule and pour yourself a cosmo because And Just Like That is back and there’s no shortage of drama in season 2. The Sex and the City spin-off series brought Carrie, Miranda, and Charlotte back into our lives, along with a bevy of new friends and lots of outrageous predicaments. In season 2, which premiered June 22 on Max with two new episodes, the friends …

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The 10 Best TV Shows of 2023

To say that 2023 has been a tumultuous year for the entertainment industry would be an understatement. Even before writers and actors struck for months in a largely successful effort to raise wages, secure residuals from streaming platforms, and place safeguards on such existential threats to their livelihoods as A.I., the streaming wars entered a chaotic new era characterized by cash-strapped …

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The 12 New Books You Should Read in April

April is stacked with an almost overwhelming number of exciting new releases from treasured authors. Among the highlights: Jennifer Egan delivers a long-awaited sibling novel to A Visit From the Goon Squad, and Emily St. John Mandel again turns a pandemic into fodder for fiction. Ocean Vuong’s second poetry collection will leave readers breathless, while comedian Jessi Klein’…

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