Thursday, September 11, 2025

Crypto-Focused Silvergate Bank Got De Facto Backdoor FDIC Bailout via $4.3 Billion Federal Home Loan Bank Advance

More crypto chicanery! How crypto-focused bank Silvergate got a very big ticket rescue from a quasii-government mortgage banker’s bank.

Links 1/11/2023

Italy and the EU Are on Collision Course as Economic Conditions Worsen 

Brussels insists Italy must surrender more of its economic sovereignty in exchange for any assistance.

Militarized Japan and the Biden-Kishida Summit Signal Moment in the New Cold War

The US is pressing an (over) eager Japan to develop offensive capabilities, with an eye to a conflict with China.

Atmospheric Rivers Over California’s Wildfire Burn Scars Raise Fears of Deadly Mudslides – This Is What Cascading Climate Disasters Look Like

An illustration of how different climate-change-induced or intensified problems can interact to do even more damage.

2:00PM Water Cooler 1/10/2023

~ Today’s Water Cooler ~

Textbooks Are Falling Behind on Climate Change

A new study found that most biology textbooks devote fewer sentences to climate change than they did before 2010.

Links 1/10/2023

The January 8 “Insurrection” in Brazil Could Be the Perfect Gift for Lula

The invasion of the capitol gives Lula the perfect justification for cleaning house, most importantly in the civil service, judiciary and military. It has also, however briefly, united the governments of Latin America against right-wing authoritarianism

Chasing Big European Corporate Miscreants Through New York Courts: An Update Via a Barclays Filing

A filing against Barclays presents quite the rap sheet, and also illustrates why it takes legal bloodymindeness to take on these miscreants.

Washington Has Trouble Refilling the Strategic Petroleum Reserve After 220 Million Barrel Draw

Oopsie! Mr. Market is not cooperating with the Biden plan to replenish the Strategic Petroleum Reserve at prices better than $70 a barrel

2:00PM Water Cooler 1/9/2023

~ Today’s Water Cooler ~

50 Years After Allende at the UN: a Corporate Triumph Named Multistakeholderism

Allende was early to warn of multinational threats to product safety, labor regulations, and other protections. Sadly corporate interests won.

Links 1/9/2023

Sweden Won’t Meet Türkiye Demands to Win Its Vote on NATO Membership

Sweden reneged on its Türkiye NATO vote deal. This should be solvable except the West wants to punish Türkiye and Türkiye isn’t up for that.