Jamie Dimon says the banking crisis is not over and will cause ‘repercussions for years to come’

The recent banking issues in the U.S. began with the collapse of Silicon Valley Bank, which was closed by regulators on March 10 as depositors pulled tens of billions of dollars from the bank. The smaller Signature Bank was closed two days later. And in Europe, Swiss regulators brokered a purchase of Credit Suisse by UBS.

JPMorgan and other large banks stepped in to make $30 billion of deposits at First Republic, another regional bank that investors feared could become the next SVB.

Richard Branson’s Virgin Orbit files for bankruptcy

 

Hart said he believed that the company’s “cutting-edge launch technology” would have “wide appeal to buyers as we continue in the process to sell the company.”

Virgin Investments, one of Virgin Orbit’s sister companies, will inject $31.6 million into the satellite launcher to help it stay afloat while the business searches for a new owner.

The announcement comes just days after Virgin Orbit said it would lay off about 85% of its workforce to reduce expenses since it could not secure additional funding.

Google is so broke after becoming a bitch for the government that they have stopped buying laptops and stapler guns and are telling their employees to use paper clips.

 

Google to cut down on employee laptops, services and staplers for ‘multi-year’ savings

The latest cost-cutting measures come as Alphabet-owned Google continues its most severe era of cost cuts in its almost two decades as a public company. The company said in January that it was eliminating 12,000 jobs, representing about 6% of its workforce, to reckon with slowing sales growth following record head count growth.

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A Princess of Mars Mass Market Paperback – January 1, 1985

by Edgar Rice Burroughs (Author)

Suddenly projected to Mars, John Carter found himself captive of the savage green men of Thark. With him was Dejah Thoris, lovely Princess of Helium. And between them and rescue lay a thousand miles of deadly enemies and unknown dangers.

The green warrior decided to close in and end the battle; just as he rushed me, a blinding light struck full in my eyes, so that I could not see Zad’s approach and could only leap blindly to one side to avoid his mighty blade.

It caught me in the left shoulder; but as my vision cleared a sight met my astonished gaze that almost made me forget the fight. Standing on her chariot with Sola and Sarkoja, my beloved Dejah Thoris turned on Sarkoja with the fury of a tigress and struck something that flashed in the sunlight from her upraised hand. Then I knew what had blinded me at that crucial moment, and how Sarkoja had found a way to kill me without herself delivering the final thrust!

Sarkoja, her face livid with baffled rage, whipped out her dagger and aimed a terrific blow at Dejah Thoris—and Zad was once more advancing on me with reddened blade. I felt the steel tear into my chest and all went black before me. . . .

I didn’t know that Avatar was based, somewhat, on the Edgar Rice Burroughs book Princess of Mars. Now I do.

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