President Joe Biden has sought to reassure banking customers and markets after two US banks collapsed, forcing the government to step in.
President Joe Biden has sought to reassure banking customers and markets after two US banks collapsed, forcing the government to step in.“Your deposits will be there when you need them.”.
President Joe Biden has sought to reassure banking customers and markets after two US banks collapsed, forcing the government to step in.“Your deposits will be there when you need them.”Philippines Latest News, Philippines Headlines
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‘Whole bunch of vision’ from around the world shows electric vehicles ‘exploding’Sky News host Paul Murray says there was a story that he was surprised made it through the editorial decision-making of the taxpayer funded news websites over the weekend. “They pulled together a whole bunch of vision from around the world of electric cars exploding … batteries exploding, going on fire,” Mr Murray said. “Now, does this mean that every electric vehicle’s about to go on fire? No.”
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Opposition ‘pretty firm’ on funding for ‘Yes’ and ‘No’ Voice campaignsThe Opposition seems “pretty firm” that it wants some government funding for the Yes and No campaigns for the Indigenous Voice to Parliament referendum, according to Sky News Political Editor Andrew Clennell. “The Prime Minister seems pretty firm that he does not want to cave on this funding request, he does not want taxpayer funding of either the Yes or No campaign,” he said. “I understand the Opposition also wants to introduce a regulation of the corporate donations for the referendum as well into the bill.”
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Power companies looking to ‘carve’ out ‘as much money as they can’Sky News host James Morrow says some energy companies are considering abolishing discounts for customers for paying on time. “There are now power companies … that are looking to get rid of things such as discounts for paying on time,” Mr Morrow told Sky News host Sharri Markson. “They’re looking to carve as much money as they can out.”
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Liberal Party values ‘don’t exist anymore’ on ‘mainland Australia’The NSW government’s latest “state-sponsored saving scheme” comes on top of a host of other “taxpayer giveaways” by the NSW Liberals, says Sky News host Chris Kenny. 'This stuff is all expensive, it’s all intrusive, it churns money, sucking it up in taxes, wasting it on bureaucracies and paperwork, and then sending out what's left in inefficient, populist handouts that are more about trying to buy votes than deliver good outcomes,' Mr Kenny said. 'And typically, much of this has been advertised, before the election campaign of course, with the use of – you guessed it – more taxpayers' dollars. 'You see the thing here is that Liberal Party values don't really exist anymore on mainland Australia, no matter what happens at the New South Wales election.'
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Biden administration’s ‘weakness’ is emboldening tyrantsFormer British commander Richard Kemp says he considers the US’ “catastrophic” withdrawal from Afghanistan in 2021 to be the “approximate cause” of Putin’s invasion of Ukraine. “I think Putin saw America and then made the decision that he was happy to invade and did so,” Mr Kemp said. He said Iran and Saudi Arabia resuming diplomatic ties is another problem and has been brought about by President Joe Biden, who has “treated Saudi Arabia extremely badly” since he started his administration. “And at the same time he’s been doing his best to give Iran more and more power so I think that is another consequence of the weakness of the administration in Washington today.”
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Question of ‘how many more banks’ will ‘go under’ after collapse of Silicon Valley BankSky News host Sharri Markson said the Silicon Valley Bank “spectacularly collapsed” on Friday night – with Australian start-ups exposed to the crash, among many high-profile clients. She said after an anxious two days, US Treasury Secretary Janet Yellen “finally announced customers would have their deposits guaranteed”, but she ruled out a government bail-out. “This issue became political over the weekend, with presidential candidates among those weighing in about whether or not the bank should be bailed out,” Ms Markson said. “Florida Governor Ron DeSantis blamed bureaucracy for ignoring the warning signs and not preventing this in the first place. “Republican presidential candidate Nikki Haley argued against a corporate bail-out – she said: ‘It is not the responsibility of the American taxpayer to step in. The era of big government and corporate bailouts must end’. “The question now is, how many more banks or managed funds will go under over the next 12 months? Funds that had it easy when interest rates were low and money was cheap?'
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