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The Intelligence from The Economist

End run: Silicon Valley Bank

The Intelligence from The Economist

The Economist

News, Global News, Daily News

4.53.7K Ratings

🗓️ 13 March 2023

⏱️ 24 minutes

🧾️ Download transcript

Summary

An old-fashioned bank run has caused American regulators to intervene in a big way to save the bank’s depositors. We ask what went wrong, and what risks the fix will pose. Today America, Australia and Britain will cement a military alliance designed to confront an increasingly assertive China. And an Ethiopian prince buried among English kings reignites questions about cultural restitution.

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Transcript

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0:00.0

News of the global climate crisis can leave us feeling helpless.

0:05.0

Too much negativity can trigger our eco-anxiety, leaving us paralyzed when we need to act.

0:11.2

This is why EONNEXT is in search of better news to power up for change.

0:15.8

Did you know the UK's first carbon capture plant, the KEDB3 plant in North Lincolnshire,

0:22.0

could remove 1.5 million tons of CO2 from the air every year.

0:27.3

If you're feeling impacted by eco-anxiety, EONNEXT have created a range of resources,

0:33.3

such as guided meditations or green noise soundscapes.

0:37.0

Just search power up for change in your podcasting app.

0:46.2

Hello and welcome to the intelligence from the Economist.

0:49.2

In New York, I'm John Fastman.

0:51.6

And in London, I'm Jason Paulman.

0:53.8

Every weekday we provide a fresh perspective on the events shaping your world.

1:01.1

The leaders of America, Britain and Australia are meeting today.

1:04.3

Their recently formed security pact is expected to involve the United States

1:08.2

sharing some of its most closely guarded secrets,

1:11.3

in a sign of growing concern over China's military ambitions.

1:16.7

And among the earthly remains of British kings and queens at Windsor Castle

1:21.4

is the body of an Ethiopian prince.

1:24.2

The story of how he ended up there brings us to a topic that increasingly troubles

1:28.4

post-colonial societies, the restitution of looted artifacts.

1:38.0

But first...

1:46.2

For the founder and venture capitalist classes of Silicon Valley,

...

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