Prospect Weekend Reads Week of March 6th Stories from the week you don’t want to miss!
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The Federal Deposit Insurance Corporation is seizing the assets of Silicon Valley Bank, marking the largest bank failure since Washington Mutual during the height of the 2008 financial crisis.
The Fed-Induced Bank Wobble: Silicon Valley Bank's collapse stemmed from the Fed's rapid pivot on interest rates. As David Dayen describes, wealthy investors and tech execs are already calling for a bailout.
Big Consulting's New Con: In their new book The Big Con: How the Consulting Industry Weakens Our Businesses, Infantilizes Our Governments, and Warps Our Economies, Mariana Mazzucato and Rosie Collington argue the consulting industry’s ESG rhetoric only hinders the government’s ability to solve societal problems. Adam M. Lowenstein reviews the book for the Prospect.
The Kamala Conundrum:Could Kamala Harris convince voters she can step up to the presidency if necessary? Harold Meyersonweighs in on the pros and cons of keeping her on the 2024 ticket.
Exit Yemen Now to Assist a Fragile Peace: As Saudi-Houthi talks continue, the U.S. must not only stop lending military support to the war, but significantly increase humanitarian aid. Read Annelle Sheline on the small window the Biden administration has to address the atrocities committed against Yemen. Do Generations Matter?: Introducing our newest original podcast, Prospect: Generations. In the first episode, Paul Starr and Lee Harrisdebate whether and how generations matter in politics and culture.
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