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UBS Seeks $6 Billion Government Backstop As It Rushes To Finalize Credit Suisse Takeover
Update (17:45ET): As negotiations drag on late on Saturday night local time, Bloomberg reports that liabilities at the Credit Suisse investment bank are proving to be a key sticking point in the takeover talks ("UBS is worried about the balance sheet risk associated with the investment bank, which has suffered a string of losses and scandals in recent years"), with Reuters adding that UBS is asking the Swiss government to cover about $6 billion in costs if it were to buy Credit Suisse. The $6 billion in guarantees "would cover the cost of winding down parts of Credit Suisse and potential litigation charges."
Nearly 200 banks at risk for same fate as SVB: study
Nearly 200 more banks may be vulnerable to the same type of risk that took down Silicon Valley Bank: The value of the assets they hold.
There are 186 banks across the country that could fail if half of their depositors quickly withdraw their funds, a new study published on the Social Science Research Network found.
Putin holds meeting with top generals
The Russian president heard reports from military leaders in a command post in Rostov-on-Don
President Vladimir Putin paid an announced visit to a command-and-control center in southern Russia in charge of military operations in Ukraine, the Kremlin Press Service said on Sunday, as cited by the media.
During his trip to the command post in Rostov-on-Don, Putin “heard reports from the chief of the Russian General Staff [Valery] Gerasimov and a number of military leaders,” the Kremlin said.
Putin Visits Crimea to Mark 9th Anniversary of Its Reunification With Russia
A nationwide referendum was held in Crimea and Sevastopol nine years ago, on March 16, 2014. At the time, over 95% of the voters were in favor of reunification with Russia, rejoining the homeland after decades of severance.
On the day of the ninth anniversary of the reunification of Russia and Crimea, Russian President Vladimir Putin has arrived in Sevastopol for the opening of the art school and the Korsun center.
Russia Expands Concept for Digital Ruble to Replace Cash
In Russia, a third form of the national currency, the digital ruble, will be introduced in addition to cash and non-cash. On the first reading, the State Duma lawmakers approved a bundle of pertinent laws.
The legislators have passed a draft bill that would make it easier to establish the ruble’s digital counterpart. The Act updates many other statutes to provide definitions and procedures for the establishment of the central bank’s digital currency.
Zelensky: Ukraine seeks 'spiritual independence,' acts against church
Zelensky and other Ukrainian leaders have accused the long-established Ukrainian Orthodox Church of undermining Ukrainian unity.
Ukraine's punitive actions against a branch of the Orthodox church linked to Russia are part of a drive to achieve "spiritual independence," President Volodymyr Zelensky said on Sunday.
Zelensky and other Ukrainian leaders have accused the long-established Ukrainian Orthodox Church (UOC), itself under the ecclesiastical jurisdiction of the Russian Orthodox Church, of undermining Ukrainian unity and collaborating with Moscow.
Stoltenberg Vows Sweden 'Will Soon' Join NATO Despite Turkish Rejection
NATO Secretary-General Jens Stoltenberg was quick to hail and celebrate the Friday announcement by Turkish President Tayyip Erdogan that his country will ratify Finland's application to join NATO.
The NATO chief told Reuters that it is a "a good day for everyone that believes in NATO enlargement." He said, "Finnish membership will strengthen NATO, it will strengthen Finnish security. It will also strengthen Swedish security."
France bans protests outside parliament
The Macron government’s unilateral and controversial decision to raise the retirement age led to massive demonstrations
French police have banned all gatherings in two protest hotspots across from the parliament in Paris, citing “serious risks of disturbances to public order” in a statement issued on Saturday.
Macron’s decision to slam through pension reform could cost him the presidency
After French President Emmanuel Macron pushed through pension reform without a vote in parliament, the backlash has been fierce, and there is now a good chance that a no-confidence vote today could collapse his government. Even if he survives the vote, commentators say that Marine Le Pen has never been in a better position, with the conservative populist emerging as the “victor” in the fierce debate over pension reform.
Egypt and Türkiye to restore diplomatic ties
The Turkish foreign minister attributed the decade-long rift to a “lack of dialogue and misunderstandings”
Egypt and Türkiye are planning to hold talks about restoring ambassador-level relations in what could mark a rapprochement after a decade of frayed ties between the two nations.
“I’m very glad that we are taking concrete steps for normalizing relations with Egypt... We will do our best not to rupture our ties again in future,” Turkish Foreign Minister Mevlut Cavusoglu said on Saturday during a visit to Cairo. His Egyptian counterpart, Sameh Shoukry, added that the countries would have talks on restoring ambassadors “at the appropriate time.”
Sephardi chief rabbi warns of Israel civil war, calls for peace
The rabbi said that while he does not get involved in politics, he believes that all sides need to come to the table and hold dialogue with each other.
Israel's Sephardi Chief Rabbi Yitzhak Yosef stressed the need for peace between those on all sides of the judicial reform debate, which has sparked major controversy in recent months.
We need peace in [this] nation. All the disputes and civil war - this is a worrying thing, it is very painful," he said, speaking about the issue in a Saturday evening class.
Judicial reform protests will end with blood on the street, organizer warns
Protest organizer Eran Schwartz spoke about the concern of deliberate, organized attacks being carried out against judicial reform protesters.
Israel's judicial reform protests will end with the deliberate spilling of blood of protesters on the streets, protest organizer Eran Schwartz warned in a Sunday morning interview with 103FM.
Speaking with radio hosts Nissim Mashal and Gideon Oko about the increasing cases of violence against protesters throughout the country, Schwartz warned that "these events will end with blood on the streets. Nothing is spontaneous, there is a deliberate hand here that is trying to kill this demonstration."
Arab Leaders Offer Syria Billions In Aid, Sanctions Relief If Assad Pushes Back Against Iran
Arab leaders are offering Syrian President Bashar al-Assad a deal that includes billions of dollars for reconstruction efforts and a pledge to lobby the west to lift sanctions in exchange for "[asking] Iran to stop expanding its footprint in the nation," according to Arab and European officials that spoke with the Wall Street Journal.
Other conditions set by the leaders of the unnamed Arab nations include a pledge from Damascus to engage with opposition and rebel groups, accept Arab troops to "protect returning refugees," and crack down on the captagon drug trade.
North Korean army sees massive volunteer boost – state media
Members of the Youth League and students are “incensed by the US imperialists’ provocation,” the Korean Central News Agency has said
Hundreds of thousands of young people in the Democratic People’s Republic of Korea have expressed willingness to enlist in the armed forces, the country’s Korean Central News Agency (KCNA) reported on Saturday. The outlet said this was due to aggressive US posturing toward North Korea, which was “reaching the limit that can no longer be tolerated.” ‘
UK: The BBC Shop in Birmingham gets Smothered in 𝙏𝙧𝙪𝙩𝙝.
Vaccinated LA weather forecaster collapses LIVE ON AIR.
Adverse Events Risk in COVID Vaccine Trials Was One in 565, Doctor Tells National Citizen’s Inquiry – The Epoch Times
“That is quite a high number of serious adverse effects from a vaccine. We typically have withdrawn vaccines for one in 10,000” - Dr. Joseph Fraiman
The Message of Rising Excess Deaths – Don’t Mess With Our DNA
If there is one thing the pandemic data should have taught us by now it is don’t mess with DNA – it is the anchor that our life depends on
IT WAS ALL A LIE: How you were tricked into taking part in a Deadly Experiment that killed Millions through Midazolam Poisoning & COVID Vaccination
The world was thrown into chaos when a new virus, Covid-19, was declared a pandemic by the government. Fear propaganda was broadcasted non-stop on television and radio, all paid for by the government and they used the pandemic as an excuse to pass laws that restricted civil liberties and bribed the public with furlough payments to not go to work.
As the pandemic progressed, the government’s true motives were revealed, as they were found to be putting vulnerable individuals into end-of-life care and administering a drug called midazolam to kill them, while lying to the public by claiming that their deaths were due to the virus.
WHO - Preparing for a bird flu pandemic in humans, including engaging with vaccine manufacturers.
Utah Mom Unloads On School After Her Daughter Was Given “Gross” Bugs to Eat for “Climate Change” Project (VIDEO)
A Utah mom is speaking out after her daughter’s middle school her daughter and the other students were given insects to eat as part of an English assignment on climate change last week.
The March 7 assignment by a Spring Cannon Middle School teacher instructed the students to write an essay on how eating bugs would save the planet from cows which were “killing the world.” Students were not allowed to write a dissenting opinion.
The school said that children “loved the ewww factor” and many gave the bugs a try. Kids were given extra credit if they did so.
BILL GATES - Covid came from bats & spread due to ‘climate change’
Human-shaped robots with dexterous hands will be staffing warehouses, retail stores, tending to the elderly within a decade
Human-shaped robots with dexterous hands will be staffing warehouses and retail stores, tending to the elderly, and performing household chores within a decade or so, according to a Silicon Valley startup working toward that vision.
Demographic trends — such as a persistent labor shortage and the growing elder care crisis — make fully functioning, AI-driven humanoid robots look tantalizingly appealing.
Powerful 6.8 magnitude earthquake strikes Ecuador, felt in Peru, Causes multiple deaths
A powerful earthquake in Ecuador is reported to have killed at least four people. The 6.8 magnitude earthquake struck shortly after midday local time and caused a number of buildings to collapse. Tremors from the earthquake were felt as far away as Peru and caused panic and mayhem among local residents.
According to Express, The earthquake struck the country’s coastal Guayas region. Its center is about 50 miles (80 kilometers) south of Guayaquil, which anchors a metro area of over three million people.
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Gates is crazed , suffering from grandiose ideas . I do believe there is a ICD 10 code for that