NPR News: 03-12-2023 7AM ET
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🗓️ 12 March 2023
⏱️ 5 minutes
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| 0:00.0 | Live from NPR News in Washington, I'm Louise Skiivone. Federal regulators are racing to sell the assets of Silicon Valley Bank, which collapsed Friday following a bank run from |
| 0:11.7 | the Treasury depositors. As NPR's Bobby Allen reports thousands of customers have been left in limbo since the bank's implosion. |
| 0:19.9 | Customers with less than $250,000 in accounts will be covered by insurance, but more than 90% of the bank's customers have more than that. |
| 0:28.1 | That's because Silicon Valley Bank did business mostly with cash flush tech startups. Some CEOs are wondering how they will pay employees if they can't get access to their money. |
| 0:37.2 | The question now is whether another bank will save Silicon Valley Bank, or if federal regulators will have to sell the banks assets in a piecemeal fashion. |
| 0:46.1 | More than 1,000 tech CEOs and founders have signed a petition asking Treasury Secretary Janet Yellen for the federal government to backstop deposits. |
| 0:54.3 | They wrote, we're not looking for a bailout, but for you to save innovation in the American economy. |
| 0:58.9 | Bobby Allen and P.R. News. |
| 1:00.9 | Thousands of people have been evacuated in Monterey County, California, as water continues to flow through a 120-foot wide levy breach along the Bajaro River. |
| 1:11.8 | As an other heavy storm system moved through parts of California, first responders evacuated and rescued hundreds of people all day long. |
| 1:19.8 | More rain is expected in the coming week. Tina Nieto is the Monterey County Sheriff. |
| 1:24.8 | Folks, we are not done yet. We are dealing with rain and wind events that I can only describe as a super-sacruration event. |
| 1:34.4 | Captain Ian Troxo with the California Highway Patrol is telling people not to challenge flooded roads. |
| 1:41.5 | Not drive-through road closures. We've already conducted many rescues from vehicles stuck in flooded waters. |
| 1:47.4 | Elsewhere across the nation, snowstorms are expected in the upper Midwest and into Western New York and parts of Pennsylvania. |
| 1:54.7 | The West Virginia legislature has moved to restrict gender-affirming medical care for transgender youth, but carved out an exception for some treatment. |
| 2:03.6 | Curtis Tate of West Virginia Public Broadcasting reports. |
| 2:06.9 | House Bill 2007 bans gender confirmation surgeries for minors and lawmakers passed a version with no exceptions for hormone therapies and puberty blockers last month. |
| 2:17.2 | However, lawmakers amended the bill to create a narrow path for minors to receive such treatment with the endorsement of doctors and parents. |
| 2:25.2 | Delegate Rick Griffith, a Democrat, spoken favor of the change. |
| 2:28.9 | I think what we ought to do is this is a very narrow allowance when a child could potentially be suicidal and has been diagnosed. |
| 2:40.4 | The amendment follows testimony from doctors, parents, counselors and religious leaders who have spoken against the bill and a protest Thursday at the Capitol by LGBTQ rights groups. |
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