A judge put the kibosh on the “Montana Miracle” – for now – showing the movement for housing abundance needs to do more than pass laws; it must also remember and rearticulate the nation’s unique values.
Since the horrific atrocities perpetrated by Hamas against Israeli civilians on October 7, 2023, Israel has been engaged in a devastating military operation in the Gaza Strip. Over 25,000 Palestinians have been killed, 70% of whom have been women and children, and tens of thousands injured.
Silvergate Bank, Silicon Valley Bank, Signature Bank, and First Republic Bank fell like dominos in March–April 2023. The United States Treasury, Federal Reserve, and Federal Deposit Insurance Corporation (FDIC) intervened in an unprecedented way to stall the domino effect. They waived the FDIC’s $250,000 cap on insured deposits at the failed banks, and the Fed instituted the Bank Term Funding Program to bail out any and all banks that run into trouble meeting depositors’ redemption demands.
The wordsmiths at the Federal Reserve wisely omitted the line about a “sound and resilient” banking system in its statement on January 31. That same day shares of New York Community Bank plunged when the bank announced a loss of thirty-six cents per share when analysts expected earnings of twenty-seven cents a share for the fourth quarter.
Progressives are celebrating yesterday’s Michigan verdict in which an Oakland County jury effectively overturned a couple of U.S. Supreme Court rulings from the early 1800s in order to enable prosecutors to convict people of crimes even though they did not break statutory law. According to the New York Times:
