Category: Regulation and Deregulation of Industry

Silicon Valley Bank Collapse: What We Know and How It Happened

The New York Times – Business:
Regulators shut down Silicon Valley Bank on Friday, in the largest U.S. bank failure since the 2008 financial crisis.
Yellen Says Regulators at Work to Contain Fallout From Silicon Valley Bank Collapse

The New York Times – Business:
The Treasury secretary’s comments on Sunday morning sought to assure the public that the overall banking sector was safe.
3 Lessons From Silicon Valley Bank’s Failure

The New York Times – Business:
Here’s one takeaway: The bank’s extremely online clientele may have contributed to its downfall.
Silicon Valley Bank Collapse Sets Off Blame Game Between Crypto and Tech

The New York Times – Business:
The implosion of the Silicon Valley bank led to finger-pointing, as executives and investors jumped on the crisis for their own messaging.
Can the United Farm Workers of California Rise Again?

The New York Times – Business:
Decades after Cesar Chavez made the union a power, it has lost much of its clout. Membership dropped precipitously, from 60,000 to 5,500. It hopes a new law will turn the tide.
Why China Is Turning the Screw Tighter on Oversight of Banking and Tech

The New York Times – Business:
A series of regulatory changes approved this week reflect the increasingly centralized control of Xi Jinping, newly confirmed for a third term as China’s president.
F.T.C. Intensifies Investigation of Twitter’s Privacy Practices

The New York Times – Business:
The commission is seeking an interview with Elon Musk, who has made major cuts at the company since acquiring it last year.
Rail Heat Sensors, Under Scrutiny in Ohio Crash, Face Few Regulations

The New York Times – Business:
Safety experts said the East Palestine derailment might not have happened had Norfolk Southern placed sensors closer together. The federal government doesn’t require or regulate their use.
Regulators Put More Pressure on Binance, the Crypto Giant

The New York Times – Business:
Binance, the world’s biggest cryptocurrency exchange, faces a fresh wave of scrutiny from regulators and lawmakers.
You’re Now a ‘Manager.’ Forget About Overtime Pay.

The New York Times – Business:
New evidence shows that many employers are mislabeling rank-and-file workers as managers to avoid paying them overtime.
As A.I. Booms, Lawmakers Struggle to Understand the Technology

The New York Times – Business:
Tech innovations are again racing ahead of Washington’s ability to regulate them, lawmakers and A.I. experts said.
After Ohio Train Derailment, Senators Propose Rail Safety Bill

The New York Times – Business:
Weeks after a train carrying hazardous materials derailed outside East Palestine, Ohio, a bipartisan group of lawmakers has proposed that the Transportation Department impose stricter rules.