How Biden saved Silicon Valley startups: Inside the 72 hours that transformed U.S. banking

How Biden saved Silicon Valley startups: Inside the 72 hours that transformed U.S. banking

[ad_1] The result, announced just minutes before financial markets in Asia reopened, was sweeping: The federal government would provide SVB’s depositors with access to all their funds, effectively averting painful financial uncertainty — and the threat of heavy losses — for thousands of venture-backed startups. Signature Bank, which had followed SVB into insolvency, would receive…

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Eric Adams plans to resettle asylum-seekers across U.S.

Eric Adams plans to resettle asylum-seekers across U.S.

[ad_1] The administration plans to brief more migrants on relocation opportunities and work with national nonprofits to identify welcoming cities across the country where they might move, Adams said. Additionally, the state Office of Temporary and Disability Assistance will oversee a $25 million program to help resettle migrant families in municipalities elsewhere in New York….

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