It started on Thursday with news that Silicon Valley Bank was underwater on some massive investments and would have to raise outside capital. That news tanked the stock. It also triggered a major bank run as individual customers, venture capitalists, and thousands of tech and biotech startups raced to get their money out before things got worse. Those withdrawals made worse a reality. Within hours, the bank was looking for a buyer. When that didn't happen, federal regulators swooped in to take over. In the blink of an eye, we'd seen the largest bank failure since Washington Mutual cratered during the 2008 financial crisis. The FDIC has informed Silicon Valley Bank customers that accounts up to $250K are guaranteed. But those are a small percentage of affected accounts, as this was the leading bank when it comes to tech companies, the primary driver of the multiyear American boom. Needless to say, tech companies are scrambling. Some of them got some of their money out in time. Others were left with an unchanging message that read, "wire in process." The big account holders left holding the potentially empty bag likely won't have any visibility on how much, if any, of their money is left until next week. Will there be a buyer of the bank? Is SVB too big to fail? Meanwhile, we might need a few days or more to have any confidence that the contagion won't spread to other financial institutions. AP: Silicon Valley Bank seized after run by depositors.
"Hundreds of thousands of young people who came of age during the pandemic but didn't go to college. Many have turned to hourly jobs or careers that don't require a degree, while others have been deterred by high tuition and the prospect of student debt. What first looked like a pandemic blip has turned into a crisis ... The slide in the college-going rate since 2018 is the steepest on record, according to the U.S. Bureau of Labor Statistics." AP: Jaded with education, more Americans are skipping college. (And yet, it still seems to be even harder than ever to get into one...)
THE ENEMY OF MY ENEMY HAS NEW FRENEMIES
"China's role in hosting the talks that led to a breakthrough in a longstanding regional rivalry highlights the country's growing economic and political importance in the Middle East, a region that was long shaped by the military and diplomatic involvement of the United States." NYT (Gift Article): Saudi Arabia and Iran Agree to Restore Ties, in Talks Hosted by China. That these longtime foes are finding common ground is huge geopolitical news. That it's China bringing them together could be even bigger. A contempt for America's world leadership is one thing that binds them.
What to Read: Pulitzer Prize-winning sociologist Matthew Desmond takes a crack at explaining Why Poverty Persists in America (NYT Gift Article). "There are, it would seem, deeper structural forces at play, ones that have to do with the way the American poor are routinely taken advantage of. The primary reason for our stalled progress on poverty reduction has to do with the fact that we have not confronted the unrelenting exploitation of the poor in the labor, housing and financial markets."
+ What to Watch: It's described as "an extraordinary tale of a mother's love for her daughter that explores a dysfunctional family on the fringes of society, attempting to go straight in a crooked world." It's also a comedy. A dark one. And so far, a very promising one. Check out HBO's Rain Dogs.
+ Tunnel of Gov: "U.S. inspectors used to refer only a handful of drivers for cargo screening with powerful scanning equipment to check for illegal drugs. But on a recent morning they routed every truck through a new drive-through machine the size of a carwash." WaPo: U.S. deploys powerful scanners at border to fight fentanyl smuggling. (We should have deployed this on the Sacklers years ago.)
+ Van Leeuwen Ice Cream and Hidden Valley Ranch have partnered on a limited-time offering of a ranch-flavored ice cream.
+ An African serval cat that was found with cocaine in its system after an escape at a traffic stop now calls the Cincinnati Zoo home. (No more coke and it's locked up in a zoo? Yup, I'm pretty hard up for good news this week.)
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Entertainment blogging is a type of online content creation that focuses on providing readers with news, reviews, and commentary on various forms of entertainment, such as movies, music, television shows, and celebrity gossip. Entertainment blogging is a popular form of online media that has gained significant traction over the years, and it has become an essential part of the entertainment industry.
In this article, we will explore the world of entertainment blogging, its history, its impact, and its future.
History of Entertainment Blogging
Entertainment blogging began to gain popularity in the late 1990s and early 2000s, with the rise of blogging platforms like Blogger and WordPress. At that time, most entertainment news was only available in traditional media outlets, such as newspapers, magazines, and television shows.
However, with the emergence of the internet, bloggers saw an opportunity to provide a new type of entertainment news that was more accessible and up-to-date. Early entertainment bloggers were mostly enthusiasts who wrote about their favorite movies, music, and celebrities as a hobby.
As blogging became more popular, some bloggers started to monetize their sites through advertising and sponsorships, paving the way for a new generation of professional entertainment bloggers.
Impact of Entertainment Blogging
Entertainment blogging has had a significant impact on the entertainment industry. It has provided a new platform for artists and celebrities to promote their work, interact with fans, and build their brand. In some cases, bloggers have helped to launch the careers of new artists and actors by providing exposure to a wider audience.
Entertainment bloggers have also played a role in shaping public opinion about movies, music, and television shows. Their reviews and commentary can influence whether people choose to watch a particular film or listen to a new album. Bloggers have also been known to call out problematic behavior by celebrities and hold them accountable for their actions.
The rise of social media has further amplified the impact of entertainment blogging. Bloggers can now share their content across multiple platforms and engage with their followers in real-time. This has created a more intimate relationship between bloggers and their audience, making it easier for fans to discover new content and interact with their favorite bloggers.
Types of Entertainment Blogging
There are several types of entertainment blogging, each with its own focus and style.
Celebrity Gossip: This type of entertainment blogging focuses on the personal lives of celebrities, including their relationships, scandals, and fashion choices.
Movie Reviews: Bloggers who specialize in movie reviews provide in-depth analysis of films, including their plot, cinematography, and performances.
Music News: This type of blogging covers the latest music releases, concerts, and music industry news.
Television Reviews: Bloggers who write about television shows provide commentary on the latest episodes, analyze the plot, and provide their opinions on the show's quality.
Pop Culture Commentary: This type of entertainment blogging covers a wide range of topics related to popular culture, including fashion, trends, and social issues.
Tips for Starting an Entertainment Blog
If you're interested in starting an entertainment blog, here are some tips to help you get started:
Choose Your Niche: Before you start blogging, it's essential to decide on your niche. Determine which type of entertainment you're most passionate about and focus on that niche.
Create High-Quality Content: To build a successful blog, you need to create high-quality content that provides value to your readers. Focus on providing unique insights and opinions that aren't available elsewhere.
Be Consistent: Consistency is key when it comes to blogging. Develop a schedule and stick to it. This will help you build a loyal audience and increase your traffic over time.
News is a term that refers to current events and happenings that are of interest to the public. It can include stories about politics, entertainment, science, technology, and more. The news is typically delivered through various media, including newspapers, television, radio, and the internet.
One of the key purposes of news is to inform the public about events that are happening locally, nationally, and internationally. It is important for people to stay informed about what is going on in the world around them so that they can make informed decisions and participate in their communities. News can also help people understand the causes and effects of events and how they may be impacted by them.
Another purpose of news is to hold those in power accountable for their actions. Journalists investigate and report on stories that uncover wrongdoing or corruption in government, businesses, or other organizations. This can help prevent abuses of power and ensure that those responsible are held accountable for their actions.
News can also serve as a watchdog for society by highlighting issues that may not otherwise receive attention. For example, investigative journalism can uncover social injustices or environmental problems that may be overlooked by mainstream media. This type of reporting can raise public awareness and encourage action to address these issues.
In addition to providing information and holding those in power accountable, news can also help to shape public opinion. The way in which stories are reported can influence how people think about issues and events. For example, the way in which a news outlet chooses to frame a story can influence whether readers or viewers are sympathetic to a particular viewpoint.
News can also be used as a tool for propaganda. Governments or organizations may use news outlets to spread their own messages or influence public opinion in their favor. This can be done by selectively reporting certain facts or by presenting information in a biased or misleading way.
The role of news has changed dramatically over time with the advent of new technologies. With the rise of the internet, news can now be accessed 24/7 from anywhere in the world. This has led to the proliferation of fake news, where false information is presented as fact. This has created challenges for journalists and readers alike, as it can be difficult to distinguish between real and fake news.
In response to these challenges, many news organizations have implemented fact-checking processes to ensure the accuracy of their reporting. Additionally, many social media platforms have started to take steps to combat fake news by removing false information and promoting credible sources.
Despite these challenges, the importance of news in informing and shaping public opinion remains. The way in which news is reported and consumed may continue to evolve, but its fundamental role in keeping people informed and holding those in power accountable will remain crucial.
In conclusion, news is an essential component of modern society. It serves to inform the public, hold those in power accountable, and shape public opinion. While the way in which news is delivered and consumed may continue to change, its importance in promoting a well-informed and engaged citizenry remains paramount. It is up to journalists, news organizations, and individuals alike to ensure that news continues to serve its vital role in our democracy.
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