b-b-but muh debt ceiling
PF: Potato in 82-8000 747 departed JBA for Fetterneckadelphia Int'l Airport for muh budget BS
2:30pm EST-releases his Budget for Fiscal Year 2024 and delivers remarks on his plans to invest in America, continue to lower costs for families, protect and strengthen Social Security and Medicare, reduce the deficit, and more'''
and then done and back to WH
https://factba.se/biden/calendar
ANVIS Twin Otter DHC6 up (sensor and electronic test AC)
VM101 US Navy Brass G5 west from JBA
PAT537 RC-26B Metro-Drug ISR-NEfrom JBA
GM offers buyouts as part of cost reduction plan
Automaker says buyout plan ‘not layoffs’
General Motors will offer buyouts to most salaried employees and global executives, in a move that will cost up to $1.5 billion in estimated pre-tax charges to cover the costs, the largest U.S. automaker announced on Thursday. Under the terms of the staff reduction plan, all U.S. salaried employees with at least five years of service and all global executives with at least two years of service will be offered lump sum payments and other compensation to exit the company, GM said. "Employees are strongly encouraged to consider the program," the automaker added. "By permanently bringing down structured costs, we can improve vehicle profitability and remain nimble in an increasingly competitive market." Eligible employees interested in the voluntary program must sign up by March 24 and those agreeing will leave GM by June 30. The announcement comes as layoffs by U.S. companies in the past two months touch their highest since 2009, with the tech sector accounting for more than a third of the over 180,000 job cuts announced. n January, the U.S. automaker disclosed a $2 billion cost cut target, including reducing employment through attrition, although the buyouts are separate from job cuts the company made last month, with 30% to 50% of these savings expected during 2023 and the full amount expected in 2024.
A GM executive said in February the company was cutting hundreds of executive-level and salaried jobs, while peer Ford said it planned to eliminate 3,800 product development and administration jobs in Europe in the next three years.
https://www.foxbusiness.com/markets/gm-offers-buyouts-part-cost-reduction-plan
2 of those now and I think a third is on the way at some point (converted KC-135 tankers)
please change >>18474456 3 converted KC-135 tankers up to
PF: Constant Phoenix (nuke sniffer) right by Y-12 after roundies at Knoxville
>>18473868 lb
>>18473720 lb
PF: BUFFS heading back to Moron AB-Spain, Swiss went back to Zurich from Sarajevo, French A400m at Saint-Dizier AB from Rzseow Airport load out and REDEYE6 back to Ramstein
Silicon Valley Bank, At Center Of Venture Capital Bubble, Suffers Record 47% Crash Amid Sudden Liquidity Crisis
Is the bursting of the tech bubble finally spilling over to the financial system?
One day after the biggest crypto-focused bank, Silvergate Capital, announced plans to unwind and liquidate after a deposit run effectively killed its core business model, this morning its far larger peer - the parent company of the venerable Silicon Valley Bank, SVB Financial Group - saw its shares plunge the most in more than two decades after the company took "steps to bolster its financial position" that included not only a highly dilutive stock offering but also a panicked asset sale that sparked fears of a liquidity crisis at one of the biggest and original providers of funding to the Venture Capital industry.
The Santa Clara-based company’s shares sank by as much as 47% on Thursday, their biggest decline in the company's history since going public in 1987. The slump in the shares to their lowest level since May 2020, came after SVB i) announced a stock offering, ii) sold substantially all of the available-for-sale securities in its portfolio and iii) updated its forecast for the year to include a sharper decline in net interest income. “While we view these actions combined with a weaker guide as a clear negative, we do not believe that SIVB is in a liquidity crisis, especially following the significant proceeds” from its sale of securities, Wedbush analyst David Chiaverini wrote as he cut his price target for the company to $200 from $250. Others clearly disagreed and dumped the stock at a pace not seen in a quarter century. The bank also said it had sold about $21 billion of securities from its portfolio (with a plan to reinvest the proceeds but don't hold your breath) which will result in an after-tax loss of $1.8 billion for the first quarter. And the cherry on top was SVB's announcement of equity offerings for $1.25 billion of its common stock and $500 million of securities that represent convertible preferred shares. Additionally, General Atlantic committed to purchase $500 million of common stock, taking the total amount being raised to about $2.25 billion.
It wasn't immediately clear whether the SIVB liquidity crisis is a function of assets, i.e., loans collateralized by toxic early stage investments that have turned sour… or liabilities, i.e., a good old-fashioned deposit bank run. “The improved cash liquidity, profitability and financial flexibility resulting from the actions we announced today will bolster our financial position and our ability to support clients through sustained market pressures,” the company said in a letter to stakeholders but judging by the stock reaction, nobody believed it.
https://www.zerohedge.com/markets/silicon-valley-bank-center-venture-capital-bubble-suffers-record-47-crash-amid-sudden
https://finance.yahoo.com/quote/SIVB
(Judge) has protected JP Moran before so until he does something other than protect them I'll wait on seeing this go much further
'zactly
JP Moran Protective Order
https://nysd.uscourts.gov/sites/default/files/practice_documents/JSR%20Rakoff%20Model%20Protective%20Order%2007.28.2020.pdf