Silicon Valley’s Man in the White House Is Benefiting Himself and His Friends

https://fed.brid.gy/r/https://www.nytimes.com/2025/11/30/technology/david-sacks-white-house-profits.html

San Jose Considers Arresting Homeless People Who Refuse Housing

https://fed.brid.gy/r/https://www.nytimes.com/2025/04/20/us/san-jose-homeless-arrest.html

San Jose Considers Arresting Homeless People Who Refuse Housing

The mayor of the Silicon Valley city has proposed arresting people who don’t accept offers of shelter. It’s the latest sign of frustrations over tent encampments in California.

The New York Times

New paper from #Yale and the #FederalReserve blames the 2023 banking crisis on (you guessed it) #crypto and Nerd Reich #VCs.

> "A clearer commonality between the six banks [that failed], the paper argues, is their exposure to risky depositor bases that other banks shied away from: #crypto firms and [tech] venture capitalists."

* American Banker: https://www.americanbanker.com/news/new-paper-hangs-march-2023-failures-on-business-model-risks
* Paper: https://www.chicagofed.org/publications/working-papers/2025/2025-04

#SiliconValleyCalif #SVB #SBNY #SignatureBank #FirstRepublic #a16z #Broligarchs #NerdReich #uspol #banking #finreg #Silvergate

Crypto and VC firms led to SVB's failure, researchers say

New research on the failures of Silicon Valley Bank and other regional banks in 2023 points to cyclicality of venture capital and the volatility of crypto as bigger factors than uninsured deposits or unrealized losses.

American Banker

Silicon Valley Tech Workers Quietly Protest Their Bosses’ Embrace of Trump

https://fed.brid.gy/r/https://www.nytimes.com/2025/01/29/technology/tampons-silicon-valley-workers-protest.html

Silicon Valley Tech Workers Quietly Protest Their Bosses’ Embrace of Trump

As Mark Zuckerberg and other tech titans have embraced President Trump and muffled internal dissent at their companies, their mostly left-leaning employees have objected with subtle acts of defiance.

The New York Times
Religious Leaders Experiment with A.I. in Sermons

Modern religious leaders are experimenting with A.I. just as earlier generations examined radio, television and the internet.

The New York Times