Reading archive 2023-03-13

Preventing panic in the banking sector: A government-organized deposit guarantee should tame the animal spirits. - "First, in 2008, the bankers who made the bad decisions that led to the financial crisis generally got to keep their (very lucrative) jobs after getting bailed out. And their banks continued to exist as well, and even got government to guarantee them some profits going forward. Even as normal people suffered mass unemployment and the loss of their careers and livelihoods, many of the people responsible for the disaster kept collecting million-dollar checks and being in respected positions of power, now with government guarantees. If that seemed unfair, it’s because it was unfair."

Is this a bailout and 6 other questions about the SVB collapse: The Silicon Valley Bank rescue plan, explained

Sequins, feathers, homemade pasties: D.C.’s queer nightlife is in bloom: Flower Factory’s monthly style-forward dance parties invite participants to ‘show up and show out’

Opinion  Fox News fears competitors will steal its ‘journalistic processes’

China’s Xi promises to build ‘great wall of steel’ in rivalry with West

Ask a Doctor: What to know about Ozempic and other weight-loss drugs: Wegovy, Ozempic and Mounjaro have changed my patients’ relationship to food. Research shows that they cause an average weight loss of 15 to 21 percent, as long as people stay on them.

Fallout grows from internal probe of D.C. police violent crime squad: In the month after police announced the investigation, prosecutors dropped 65 gun cases involving officers in the 7th District