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Bank collapses: What is moral hazard, and does anyone care anymore?

Published Fri, 21 Feb 2025 03:01:15 GMT

"Moral hazard" is a well-established economic concept that basically says if there are no consequences for bad corporate behavior, there's no incentive for companies to change their ways.That was the stink that followed the bailout of banks after the 2008 financial crisis. Once businesses become "too big to fail," they can pretty much do as they please, engaging in the same risky behavior.While the collapse of Silicon Valley and Signature banks is nowhere close to the severity of the earlier mess, it once again places us in the unfortunate position of the government stepping in to keep the peace and make depositors whole. Silicon Valley Bank seized by FDIC in largest bank failure since 2008 It could be argued that this outcome was all but assured in 2018 after then-President Donald Trump signed into law a bipartisan bill deregulating financial firms. Trump called this "a great day for America."It wasn't.What the 2018 regulatory rollback did was relieve financial firms of much of t...

The Golden Virtue – Tanja Subotic’s Upcoming Stories Are A Conduit Of Divine Wisdom

Published Fri, 21 Feb 2025 03:01:15 GMT

Humanity’s next-great modern allegory has been written. Tanja Subotic’s The Golden Virtue is the result of a meaningful labor of love – and the author’s faithfulness to wisdom delivered to her by the Divine Spirit. In a world of disease and discord, these are the stories that will aid humanity in a quest to cultivate a life of balance and restore harmony. Subotic illuminates and inspires beauty with her stories. It is with bated breath that the world awaits them. Echoing through the universe are narratives of love, beauty, and truth. Their message promises revelation to all who will turn an ear inward.Divine Wisdom has a will of its own. It has chosen an intuitive conduit who will unfold a conscious path for a greater understanding of Its truth.Tanja Subotic, an intuitive writer, storyteller, and entrepreneur has unified with the divine to write what is being called The Golden Virtue. This is divinity rekindled and the result of a decade-long journey to use creative writing as a fra...

Unlock The Power Of Your Mind With The #1 Celebrity Mindset Coach In The World, Natasha Graziano

Published Fri, 21 Feb 2025 03:01:15 GMT

2023 marks the beginning of something new, a fresh start – a chance to turn your life around and thrive. So leaders listen up. Media giant Natasha Graziano, best-selling author, social media mogul, speaker, and creator of the renowned MBS method, is here to help you unleash your purpose and empower you to take aligned action toward your desired destiny for good.As you walk your path toward greatness, there will be different challenges. But once you develop strength in mindset, you’ll see in everything an opportunity to grow further than you could ever imagine.This is because we are much more affected by our environment and those around us than we would like to believe. In other words, the people around you matter. A celebrity mentor’s job is to encourage you to dream bigger –  align yourself with a direction, change how you operate, transform disempowering habits, and push you to greatness when experiencing resistance to follow through on your commitments.It adds a crucial, personal...

From Creation to the Great Tribulation – Feeding God’s People with Clyde Young

Published Fri, 21 Feb 2025 03:01:15 GMT

In the beginning, God created the heavens and the Earth. Now the Earth was formless and empty, darkness was over the surface of the deep, and the Spirit of God was hovering over the waters.-Genesis 1:1-2The inception of the universe began with God. He forged the cosmos, every celestial object we see in the never-ending distance down to the nearest insect on this Earth.So, God created mankind in his own image; in the image of God, he created them; male and female, he created them.-Genesis 1:27The very last of his creation, man, was created by God in His own image to “rule over fish in the sea and the birds in the sky and over every living creature that moves on the ground.” Man was entrusted with authority because God loves them so.Ironic how humanity ended up imposing rule over one another.From the moment they were created, the man began their journey toward what the Bible calls “The Great Tribulation,” an event that will see the sinners and the scornful face...

Letters: Food trucks | Fentanyl fight | NEM 3 appeal | Foster care | No leadership

Published Fri, 21 Feb 2025 03:01:15 GMT

Submit your letter to the editor via this form. Read more Letters to the Editor.Contra Costa shouldbring back food trucksRe. “Popular East Bay taco truck at risk of being uprooted” (Page B1, March 6).It’s a shame the Contra Costa supervisors voted to ban parking for these food trucks.In 20 years of driving by I have never once thought to myself, this looks like a parking or bicycle hazard — because it’s not. The spot these trucks park at is actually ideal if you look at it. Every time I go by the trucks are busy, providing a great service to the community as well as providing for themselves as small business operators.So one neighbor, in a nearby court complains about street safety and the council votes to ban their parking? They’ve been there for years and years without issue. Come on people, let’s use some common sense here. Do the right thing and bring back the food trucks.Scott HortonAlamoSchools should preparefor fentanyl fightRe. ̶...

Sale closed in Piedmont: $2.5 million for a four-bedroom home

Published Fri, 21 Feb 2025 03:01:15 GMT

345 La Salle Avenue – Google Street ViewThe spacious property located in the 300 block of La Salle Avenue in Piedmont was sold on Feb. 6, 2023 for $2,500,000, or $662 per square foot. The house built in 1979 has an interior space of 3,774 square feet. The property features four bedrooms, four baths, a garage, and two parking spaces. There’s also a pool in the backyard. The unit sits on a 0.3-acre lot.Additional houses have recently changed hands nearby:In September 2022, a 3,593-square-foot home on Lafayette Avenue in Piedmont sold for $5,020,000, a price per square foot of $1,397. The home has 3 bedrooms and 3 bathrooms.A 3,900-square-foot home on the first block of Muir Avenue in Piedmont sold in February 2023 for $4,925,000, a price per square foot of $1,263. The home has 5 bedrooms and 4 bathrooms.On Woodland Way, Piedmont, in June 2022, a 2,102-square-foot home was sold for $2,805,000, a price per square foot of $1,334. The home has 3 bedrooms and 3 bathrooms. 

Highway 1 flood cuts off Santa Cruz and Monterey counties as another atmospheric river storm roars in

Published Fri, 21 Feb 2025 03:01:15 GMT

Highway 1, the main route between Santa Cruz and Monterey counties, remained closed for a second day Monday, its lanes submerged under an enormous expanse of muddy floodwaters covered neighboring farm fields, homes and businesses after a levee on the Pajaro River failed.As another atmospheric river roars in from the Pacific, set to hit the Bay Area early Tuesday morning, Caltrans officials said they have no estimate on when the critical road — traveled by tens of thousands of motorists a day — will reopen.“It’s an extended closure,” said Kevin Drabinski, a Caltrans spokesman. “It’s all a factor of when the water recedes.”The water was not likely to recede any time soon.Forecasters said the latest storm was expected to bring strong winds, falling trees, power outages, shallow landslides in some areas and widespread rain to the Bay Area and Monterey Bay Area overnight, peaking at about 5 a.m. Tuesday with rain expected all day.“Unf...

Western Conference playoff outlook: How do the Warriors’ issues stack up with the rest?

Published Fri, 21 Feb 2025 03:01:15 GMT

With four weeks remaining in the regular season, there is little separation between the Western Conference’s fourth and 12th seeds. No cream of the crop has risen to top after a handful of superstars were redistributed to contenders.Barring a collapse, the Denver Nuggets, Sacramento Kings and Memphis Grizzlies will secure the top three seeds. The rest are up for grabs, and the contenders are neck-and-neck — a reality where a team can shoot up three spots with a win, or drop out of a potential playoff spot with a loss.The Warriors’ 7-28 road record has kept them in the middle of that jam. But their hopes of avoiding the play-in game are alive because of their stellar play at Chase Center (28-7) as well as Phoenix Suns, Dallas Mavericks and Los Angeles Lakers’ blockbuster acquisitions missing time or not quite having the impact expected.Can Golden State keep out of the play-in tournament? Here’s a look at the biggest contributing factors.West injuries and...

Bay Area atmospheric river updates: Oakland Zoo closed Tuesday

Published Fri, 21 Feb 2025 03:01:15 GMT

(KRON) -- Storm related highway closures are already in effect as another atmospheric river is set to move into the Bay Area Monday afternoon bringing potential flooding, damage and power outages. The rain will continue overnight Monday into Tuesday morning, KRON4 meteorologist John Shrable said.The National Weather Service also issued a High Wind Warning for the entire Bay Area effective Monday night through Wednesday morning. Peak gusts in the valleys are expected to reach between 40 and 50 miles per hour while coastal gusts are expected to reach between 55 to 70 miles per hour.Preparing your home or business for the next round of rain is crucial as the next storm approaches. Find sandbags near you and stay updated with KRON4.com.4:30 p.m. -- BART experiencing delaysBART is experiencing delays of up to 20 minutes due to wet weather, according to an alert.4:00 p.m. -- City of San Carlos closes trailsThe City of San Carlos will be closing trails at Big Canyon and Eaton Parks "until ...

Pajaro River levee breach triples in size

Published Fri, 21 Feb 2025 03:01:15 GMT

PAJARO, Calif. (KRON) -- A levee breach on the Pajaro River grew in size from 100-feet-wide to more than 300-feet-wide as crews struggled to repair damages before the next atmospheric river storm blows in Monday night. During a brief lull between storms, crews worked around-the-clock to repair the breach. But the breach has tripled in size since the levee failed Saturday, Monterey County officials said Monday. The Pajaro River is swollen with rainwater flowing downstream and the community of Pajaro is already swamped. "This is going to get worse before it gets better," county supervisor Luis Alejo told KRON4 Monday. This aerial photograph shows train cars, vehicles and homes engulfed by floodwaters in Pajaro, California on March 11, 2023. (Photo by JOSH EDELSON /AFP via Getty Images)With yet another atmospheric river forecast to hit the coastal agricultural region on Monday night, officials are closely monitoring the levee for potential new breaches that could flood parts of neighbo...