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Podcast: Risky business: More bank collapses ahead?

Podcast: Risky business: More bank collapses ahead?

Rising interest rates and the end of easy money were two factors in the sudden collapse of Silicon Valley Bank (SVB) and a subsequent stock market run on shares of regional banks. Questions were raised about the safety of the entire U.S. banking industry.

On this episode, Jim and Richard examine risk in banking, investing and the broader economy. Federal regulators faced harsh criticism for the latest bank failures. Progressives blamed politicians who eased regulations on medium-sized and small banks. Some on the right claimed that DEI — Diversity, Equity and Inclusion — distracted SVB from focusing on risk management.


This episode's guest is economist and risk expert Allison Schrager, author of "An Economist Walks Into a Brothel: And Other Unexpected Places to Understand Risk".

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Illustration including silhoutes of people at a podium with the US Capitol building centered

Illustration including silhoutes of people at a podium with the US Capitol building centered

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Crypto, AI, and Israel All Spending Big to Influence U.S. Elections

Campaign finance is where powerful interests intersect with government. The money spent does not just influence elections, it can also shape policies affecting society as a whole.

In terms of money flowing through the campaign-finance system, political action committees (PACs) direct nearly three times as much money as candidates running for reelection or office. That concentration of money gives PACs considerable potential influence over which candidates reach—and remain in—office.

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a large white building with a flag on top of it

Voters Should Ask Candidates About Constituent Service

In the final weeks before Election Day, voters have been pressing candidates on the economy, health care, and foreign policy. But a representative's job goes well beyond the votes they cast and the questions they ask in committee. When a veteran's disability claim stalls, a retiree's Social Security payment stops without explanation, or a family is days from an international trip with no passport, the last-ditch call often goes to a congressional office. The First Amendment guarantees Americans the right to petition the government for a redress of grievances, and legislative casework is part of how Congressional offices resolve those grievances today.

That work has deep historical roots in our politics, and is one of the few things that every single Member of Congress has in common, from both sides of the aisle. But casework is a tradition, not a requirement, so every office handles it differently.

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