Another Bank Failure
The recent fall of major banks — including First Republic Bank yesterday — has caused concerns that the U.S. is on the brink of a financial catastrophe, one that could…
A Third Bank Implodes. Now What?
Jeanna Smialek contributed reporting. The Daily is made by Rachel Quester, Lynsea Garrison, Clare Toeniskoetter, Paige Cowett, Michael Simon Johnson, Brad Fisher, Chris Wood, Jessica Cheung, Stella Tan, Alexandra Leigh…
How ‘The Wreck of the Edmund Fitzgerald’ Defied Top 40 Logic
Gordon Lightfoot, the Canadian folk singer who died on Monday at 84, had one hit in particular that famously defied Top 40 logic. “The Wreck of the Edmund Fitzgerald,” his…
Eurozone Prices Rose in April, as Central Bank Seeks to Tame Inflation
Why It Matters: The goal is to control inflation while preventing a recession. The split between the overall rate of inflation and underlying core inflation reflects the volatility from Russia’s…
“In the Coronation, Britain’s Ruling Class Will Cast Its Dark Spell on Millions” | naked capitalism
Yves here. It’s getting a little weird to see how so many news and political stories are being painted in overly bright colors. Yes, the British royal family is the…
A Brutal Sex Trade Built for American Soldiers
DONGDUCHEON, South Korea — When Cho Soon-ok was 17 in 1977, three men kidnapped and sold her to a pimp in Dongducheon, a town north of Seoul. She was about…
The British Coronation: A TV Spectacle, Now for the Digital Age
Some members of the British hierarchy wished to keep cameras out of the inner sanctum of Westminster Abbey, where the queen was crowned. “The world would have been a happier…
Discreetly, Berlin Confronts Russian Spies Hiding in Plain Sight
BERLIN — Every day as he settles into his desk, Erhard Grundl, a German lawmaker, looks outside his office window into the embassy he knows may be spying on him.…
In Berkeley, a Library Protest Is a Fight for Anthropology in an A.I. Age
BERKELEY, Calif. — To kick off homecoming weekend last fall, the University of California, Berkeley, held a groundbreaking ceremony for its new data sciences building, known as the Gateway. At…
The King Has Definite Ideas About Food. But Will Britain Dig In?
British supermarkets are brimming with packages of coronation cupcakes, hoppy coronation ale and coronation crisps seasoned to taste like king prawn cocktail. There are even Jack Russell-themed cakes in honor…