We live in an apartment complex called "The Edge." That is a name change; less than a year ago (?), it was The Cortland. We never knew why it was called The Edge.
Now, we know.
Right behind our apartment complex is a huge shopping center, known as Glade Parks. I don't know the origin of that name.
I tried again, another google search, and this time I hit the mark!
Recent video:
March Madness NCAA Men’s Basketball brackets available.
Oscars: Jamie Lee Curtis “wins” her first Oscar. I can go to bed happy tonight.
Poolside: 400 units in this complex with an average of two occupants per unit, I suppose, which means 800 folks in the apartment complex. Poolside, absolutely calm with a bright sun and 64°F, though it feels like 80°. Again, I'm the only one out here. A pair of mallards were out here when I arrived. It's gonna be cold for the next two weeks.
Sports: I can watch the PGA Champions touurnament and the NASCAR race -- wi-fi is great -- about 100 laps left, and the PGA won't be over for another thirty minutes or so but the tournament is already over for all intents and purposes. Scottie Scheffler could win by seven strokes. Min Woo Lee, in contention and tied at the third hole, imploded at the fourth hole and never recovered.
Oscars tonight.
Reading: absolutely excellent --
Hola.
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Cookies
Awesome Sunday afternoon.
Updates
March 13, 2023: link here.
Original Post
Updated: the ten most expensive Lego sets.
Link here. Many of these sets are hard to find or are often out of stock.
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Best Star Wars Gift Ideas For Adults
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Financial Independence
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Huey
Unfortunately.
Today's review of paleontology was the transition from fish to mammal-like reptiles, which for the most part:
The big five:
Updates
Later, 6:35 p.m. CT: link here.
Later, 2:32 p.m. CT: link here.
Original Post
This is an AP national story.
https://apnews.com/article/svb-fed-bonds-rates-banks-inflation-a24b28b3caeede91c76cd120aa9b7966.
New bank already established to manage SVB assets.
And look who among the first to spot a problem: company in our home town — Grapevine, Texas.
I can't make this stuff up.
From the linked AP article:
As part of the seizure, California bank regulators and the FDIC transferred the bank’s assets to a newly created institution — the Deposit Insurance Bank of Santa Clara. The new bank will start paying out insured deposits on Monday. Then the FDIC and California regulators plan to sell off the rest of the assets to make other depositors whole.
There was unease in the banking sector all week, with shares tumbling by double digits. Then news of Silicon Valley Bank’s distress pushed shares of almost all financial institutions even lower Friday.
The failure arrived with incredible speed. Some industry analysts suggested Friday that the bank was still a good company and a wise investment. Meanwhile, Silicon Valley Bank executives were trying to raise capital and find additional investors. However, trading in the bank’s shares was halted before stock market’s opening bell due to extreme volatility.
Shortly before noon, the FDIC moved to shutter the bank. Notably, the agency did not wait until the close of business, which is the typical approach. The FDIC could not immediately find a buyer for the bank’s assets, signaling how fast depositors cashed out.
Now, the Grapevine, TX, angle:
Bill Tyler, director of operations for TWG Supply in Grapevine, Texas, said he first realized something was wrong when his employees texted him at 6:30 a.m. Friday to complain that they did not receive their paychecks.
TWG, which has just 18 employees, had already sent the money for the checks to a payroll services provider that used Silicon Valley Bank. Tyler was scrambling to figure out how to pay his workers.
“We’re waiting on roughly $27,000,” he said. “It’s already not a timely payment. It’s already an uncomfortable position. I don’t want to ask any employees, to say, ‘Hey, can you wait until mid-next week to get paid?’”
