35 Burst results for "One Bank"
Apple Pay launch in Mexico coming ‘very soon’ with Banregio, Hey Banco, more
"Apple. Pay me beginning. It's pesos on soon. Nine to five. Mac says apple's contactless payment solution seem set to launch soon south of the border down mexico way. According to the report a recent video shows up the first banks and retailers that will support apple's contactless payment platform and apples mexican website. Says it's coming me pronto.
Bank United Forges Ahead Using Technology With A Personal Touch
"Welcome everyone to the cassandra properties. Podcast episode twenty three. We have a treat for you guys today. We are joined with with two folks. That are doing some really unique things in the banking space. One of which. I've had the pleasure to get to know over the last few years and made an immediate impact in how not necessarily how i was doing business but how i was perceiving the banking relationships. So we're joined today by megan hallinan the senior vice president of the commercial banking team at bank united and marshall fulton who is the vice president of commercial private banking. So we're doing good excellent excellent rate for having us. We appreciate you joining us today. Certainly anomalous times. Where we're dealing with here and i think while banking relationships have always been an important part of of how we operate. I think never It's never been more important or relevant to have the right connections and the right relationships with your your bankers and you guys bring something To the table that in my experience was outside of the box in very different Martial started to my eyes to different opportunities in the banking space that quite honestly we hadn't seen much of out here in staten island so if we can start Megan just give us an overview of of what makes Bank united so different. What are you guys doing in the marketplace. Today that sets you apart from what at least we're used to out here in. Staten island in particular. Sure i'll base again for having me. I dreamed united in two thousand fifteen prior to bank. United is with north working capital. One bank which a lot of people know from this area so bank united was brought back to the market in two thousand thirteen by the old ceo of northward bank. So a lot of the bankers relationship managers that we have here Come from that prior institution so while bank. United may not sound like a a name that many people familiar with. We've really hit the market hard especially in real estate over the last seven years and you know a lot of it is really just doing what marshall and i are doing which is you know picky beings that were really good at bank. United does not want to be everything to everyone. Going to kick our niche. And do that really well when it comes to. We're investing in technology and we're investing in people over branches so we're not gonna see beng united branches on every corner but we are going to bring the banks to you essentially especially out in staten island where we may not have brick and mortar location. We absolutely you know. Wrap our arms around nyland's and offer sort of way love commercial banking services so from deposits loans to cash management. Obviously he was a great time for us to shine and show that you know again like you said at the now picking up the phone and getting your bangor You know as soon as possible with everyone working from home and getting things done. I think we were really able to show. That are white. Glove service is is worth on worth banking with us at our knowledge and something. That marshall's done really well. As you said is sort of you know in times like these for us. we're finding that it's not just. The banking is a lot of it is more being a consultant and having other contacts in the market and being able to help in other ways the science thinking and get advice and connects people. Where possible. so that's really interesting. A lot of folks are saying what you're saying today but it seems like this has been part of the culture for the better part of seven years for your bank. I mean was that always kind of woven into the fabric investing in human capital and investing in the technology instead of the brick and mortar. Absolutely sound when we came back to new york. So giancana's bob bank united back in two thousand nine. They went public in two thousand ten. So we have a very large branch network in the florida. Market besotted miami so when coming back to new york we just saw the future bagging on and decided to invest in again people in technology and these niche businesses and it really has paid off. You know we've grown a huge portfolio especially in the real estate market over the last seven years and again just you know having these small teams relationship managers And then having the technology behind it so we have the technology of the bigger banks but we have the relationship management of the smaller banks.
Deutsche Bank proposes a 5% tax for people still working from home after the pandemic
"At one bank are proposing a tax on people who are working from home due to the Corona virus outbreak. Washington correspondent Cigar Madani has this Report from Deutsche Bank on how to rebuild economies after the virus pandemic proposes taxing each employee that keeps working from home 5% a day, it says that could raise tens of billions of dollars foreign governments who could then use the money to help lower income workers who face greater risk because their jobs can't be done remotely. The report notes. Those working from home are directly saving money by not paying for commutes, take out lunches and dry cleaning, and the tax would leave them no worse off than actually going to the office.
To help economy, bank proposes tax on working from home
"Experts said one bank are proposing a tax on white collar staff working from home will report from Deutsche Bank on how to rebuild economies after the virus pandemic proposes taxing each employee that keeps working from home five percent today it says that could raise tens of billions of dollars for governments who could then use the money to help lower income workers who face greater risk because their jobs can't be done remotely the report notes those working from home are directly saving money by not paying for commutes takeout lunches and dry cleaning the tax would leave them no worse off than actually going to the office Sager mag ani Washington
JPMorgan Chase earnings top expectations for third quarter
"Earnings from JPMorgan Chase are out at the first bank to report earnings for this third quarter. Just some of the highlights right now earnings per share to 92 versus 2 68 a year ago. Revenue 29.94 billion. That is a bit there and the provisions in the third quarter for credit losses $611
Sally makes landfall near Gulf Shores, Alabama, as a Category 2 hurricane with torrential rain and damaging storm surge
"At 27 45, sponsored by Ocean First Bank commercial lending. The center of the storm is now on land came ashore near Gulf Shores, Alabama around 6 15 this morning. The storm strength into a Category two early this morning and as top winds near 105 MPH and more than 300,000 people along the coast. Gulf Coast are without power. Well, that's ahead in the next 15
MacLane Wilkison: NuCypher Proxy Re-Encryption for Distributed Systems
"Using them. What are some of the hurdles that you've encountered in getting people to understand the value and utility of privacy preserving technologies, and are there some things that just most people will never really be able to pass off? The unfortunate reality of trying to sell technologies enterprise is that it's much more about like the enterprise sales mission and how good you are, how good your Oregon's at that that it is about the technology. So do you have sort of enterprise sales or they can reach these customers that can reach the influence these decision makers there's a whole lot of sort of comedian and bureaucracy to get sort of particularly something like this where it started touching their core infrastructure and encryption is very sensitive and it has regulatory and compliance implications for the end user like there's a lot of layers of approval that yet to go through. To go through compliance, they're going to want to know who you're institutional backers are they're going to your existing customers are because no one wants to be like the first bank to adopt something and then goes wrong. I think like if you're building enterprise -nology selling top down to CIO or. It's much less unfortunately about like the technology and much more about enterprise sales motion and whether you have that expertise inside of the organization and ashes not I think for for me not really a salesperson that's not something that I'm especially particularly intrinsic interest in. With Zero DB, what were some of the like technology that you had to use their? What's it like and how like related to sort of stuff you ended up building at new? Cyber. So she was actually quite simple. So it was an encrypted data end to end encrypted database where you encrypt everything client side before you uploaded to the server and the server never see the plain text data. So usually when you say that people like Oh, it must be like fully home orphee encryption was not it was much much simpler than that. So basically we would. Like remotely and incrementally traverse like a B index. This index clydeside sent it to the server, and then like we want search for something, we'd ask the server for the you know the included root of the tree fetch that down decrypted that we know which branch of the tree to go to next and we just basically do that. So it was pretty simple and kind of a little bit naive. It wasn't nearly like a fancy like fully morphou conscription sort of on everyone is looking for. Sort of like a client side search but like a smarter way of doing it basically. Exactly so like you couldn't really use it for applications that were performed sensitive, but you could use it maybe for things that you didn't really need to get a result back quickly. So the use case that we were pitching to enterprises, you can use us to archive stuff. So a lot of banks at the time and still currently I think are basically just habit archiving everything from like tapes whereas using zero DB they could theoretically throw that into something cloud storage like it abuse glacier or something, but still never exposed to Amazon would be able to query back. You know regulatory a regulator asks for something from eight ten years ago. So that was the basic technology and then we also built in this functionality to allow other people to query that encrypted data as well, and that was how we discovered this technology called proxy re encryption without proxy re encryption. Obviously, whoever has the key? Basically the person who included a client side? He's the only one query you know zero DB database but we started getting interested in proximity encryption because then like the enterprise could enable partners whether it's like. Supplier, regulator or customer whoever to also delegate access to that encrypted and allow them to do the search as well, and that ended up actually becoming like the the most interesting part zero was disability sort of delegate access to encrypted data, and that's ultimately what morphed into through this. The First Avenue Cypher Network, which is basically a decentralized network of a bunch of notes that perform this proxy Rian corruption function the basic idea of be sorta left behind. But this proxy rip jeter delegation to Encrypt data is what we kind of pulled out eventually
The Birth Of The Greenback
"Stacey next. Jacob Feldstein. Planet money author of money the true story of amid up during a new book. Say I. brought props for us to do the indicator. I say. That's been months. It's been. That guy's been honking hall eight months. I have props came over so I could give you these troughs. Okay. Go ahead and look at them. All right. Okay. So, this is like a really high quality xerox of an old piece of money. THREE DOLLAR BILL RE dollar bill that's really a real thing. There's like a a lady standing next to in like a ball gown standing next to a cow to I chose a cow to pander to you I do love a cow keep going. Okay. The Orange Bank It's orange because this from the orange. Bank and this is a one dollar bill. So Stacey, these are reproductions of real paper money that was printed by private banks in the United States in the eighteen forties and fifties. This is one of the most interesting periods I found in the history of money when I was working on my book, it's this moment when the United States government did not print money, there was in fact, no single national paper currency but if you wanted to. Open Up Stacey's Bank of New York and print your own paper money. You could. I don't know if I would trust that dollar from that. Was a real problem that was a real problem we'll get to that. I. Mean they were just so many different kinds of money at one point the Chicago Tribune counted eight, thousand, three, hundred, and seventy different kinds of paper money in America. This sounds very confusing for everyone involved this indicator from planet money. I'm Stacey Vanik Smith and Jacob. Goldstein can we make eight, thousand, three, hundred and seventy, the indicator? Yes. Today on the show. How can you even have that many kinds of money and also just what does it tell us about money works? Let's just go. Let's just go a block away to get away from the horn. Yeah. Support for NPR and the following message come from fund. fundraise fund makes it easy for anyone to invest in high quality real estate by building you a portfolio with their more than one billion dollars in assets get started at fundraise dot com slash indicator to have your first ninety days of advisory fees. Waived. This message comes from NPR sponsor. Microsoft teams. Now, there are more ways to be a team with Microsoft teams bring everyone together in a virtual room collaborate live on the same page and see up to forty nine people onscreen learn more at Microsoft Dot com slash teams. So can we should set the scene here Jacob the nineteenth century America lots of is apparently also this was the era when gold and silver were money and Jacob say in the book that the government minted gold and silver coins, but it did not make paper money at that time. The exactly right. So the only paper money in America was printed by all of these different. Private banks people called paper money in fact banknotes, right. So they thought of it as like a piece of paper from a bank and they thought of paper money in particular as like a receipt or a coach ticket as as a thing that you could substitute for gold and silver, and in fact, if you look at at the bills I gave you all have this kind of. Writing like just grab a different one for fun. So we can say what it looks like. Okay. This is the stoning ten bank, a two dollar bill. There's a way. Moby Dick or something Wail Bell we've cow Bill Wail Bill So okay. So now look at the cursive writing see the cursive they're just blowers is stoning to. Two dollars to the bear on demand right and if you look all these different bills are different colors, they have different pictures on them, but they all say that will pay how ever many dollars to the on demand and so the second interest. Yeah it's an Iou because the interesting thing is it's telling you the paper money is not the real money. Right? They're saying we will give you two dollars in gold and silver for this paper money right? So the real money in this world is the underlying gold or silver the paper is just like. The Standard. So this is a time in history when there's not federal bank, there's not a national bank. There's like thousands of of little local banks and I guess all these banks can issue their own money. That's right and it's kind of evolving in this period at the beginning of this ehre the eighteen thirties. If you wanted to open a bank, typically you had to go to your state legislature and get special approval. Basically, they had to pass a special law that would let you open your bank and this was problematic because I was super corrupt essentially. Bank and print money. Then you're gonNA bribe whoever you have to. Say all the knee. All due respect to get them to let you open your bank. Right. So around eighteen forty, a little earlier, this new idea became popular. The new idea was called free banking. And the idea of free banking was anybody who is willing to follow a few basic rules could. Take and start printing money and literally start printing money and you know not surprisingly a lot of people wanted to print money. This is how we get eight thousand different kinds of money. Yes. How do you know if the bill that someone's handing you is real money or if it's literally just a piece of paper from the First Bank of Stacey Vanik Smith which might be real money. I wouldn't. Maybe. Add bribed senator so I love this so there arose in response to this problem these special periodicals Magazines that were privately published called banknote reporters. And what they were was these lists in tiny font of every kind of money. So I actually have a reproduction here another prop from a page. This one was called. Thomson's Bank note. Reporter. K.. So the people who subscribe to this merchants people who need to accept money. So so let's just say I'm running a bar and I got my thompsons bank note reporter and I come in I need a drink who thirsty I'm thirsty. So okay. So the page of the bank note reporter I printed out is for Orange Bank. Okay. Okay. So have that bill right here it is and it's a one dollar bill. So I find Orange Bank here in my Bengal reporter and it says Okay Orange Bank listed different bills and says ones and under wants it describes what the bill is supposed to look like says to horses check. Hey, Cart Jack Blacksmith shop male portrait Jack Girl. Check. So it's at least plausibly real. The reporter also tells me something else that's important and that explains a lot about how many works at this time. Typically would tell me whether I should accept that paper money at full face vowed I can buy my dollar whiskey with this whether you can get your dollar whiskey because remember what we care about is whether I can turn in that paper money for gold or silver, and so if the bank is shaky or even if it's just really far away. You know the reporter might say, just knock five cents off the dollar give Stacey Ninety five cents worth of whiskey instead of a dollar that took a really long time to buy that we ski. It does seem like it would have been absurdly inconvenient right and for a long time when people look back at this period, the basic story of free banking was just that was a horrible idea like that many kinds of money right but. Much, later, like in the nineteen seventies. This generation of economic historians started going back and looking more closely. At the banks and how money works in this period and what they saw when they really went through the numbers was basically like it wasn't that bad Bankston go bus that often people didn't usually lose much money when they used. We're you overall they would lose like a few percent which is. Kind of like what you pay today. So when you take money out of the weird off Brand ATM at. The corner store. which I always do. Yeah, I. Mean. That's basically like the the bartenders giving you ninety cents for your dollar when you do that, right? So. Obviously, we do not have eight thousand different kinds of money now this ended and it ended after the civil war. Yeah was the civil war. So during the civil war, that old American argument of can we have national banks or not came up again and Congress passed a few important banking laws. One of them basically taxed all those thousands of kind of state banknotes out of existence, and then the other one created these new national banks that printed much more reliable, much more uniform paper money. It's interesting because I mean, this was obviously after the civil war was the time when the United States went from like a collection of. To One Country, and it seems like the same thing happened with currency maybe not a coincidence. Your I mean, there is this idea at least in the modern world money is part of what makes a country a country and I think you do see that happening at this moment in the united. States when we go from thousands of kinds of money toward one uniform kind of paper money I'm just sad we lost the cow bills. Because you know Jacob I have a fever and the cure. This story in like a whole bunch of other like believable stories like this are in your new book money. The true story of a made up thing. This episode of the indicator was produced by Nick. Fountain fact check by Britney Cronin, the indicators edited by Patty hearst and is a production
Second-quarter results to reveal dire state of top US banks
"Hit US banks especially hard. We've got earnings coming up, so we'll get another snapshot of how the banks are faring firm or let's bring in military intelligence analyst Allison Williams. So Alice again seems like we just got through bank earnings. And here we are again. Upcoming banks are faring here in this new World Order were in well, I think it's going to be Tough quarter largely driven by provision. Keep in mind versus past cycles. We have a much more pro cyclical affect this time and what that means it's just more up front. No more reserves up front and then sort of releasing on the back end. But I think two key things this quarter one every quarter. We talk about the earnings and we discussed the fact that it's all about the forward. Look. The earnings is a little bit different because after the stress test and the third talking about capping dividends, based on recent income to find a sort of the average of the past 4/4 this quarter is going to be an end. But not just to this quarter. But for the next few quarters, a CZ long Restriction remains in place. So this will give us sort of. Ah look, and the one bank that we'll get the most news about That around is is Wells Fargo. They've already sort of guided the fact that they're going to have Tio most likely cut their dividend. The second thing this quarter will be No. How are things tracking as a lot of these deferrals have sort of come up to there? You know, I guess first roll forward if you will. So you know, immediately. We had all these liberals put in place the 90 day mark. We will know sort of how things shook out as that sort of 90 day. Limite came up on DH shouldn't say limit sort of. I guess it's just a marker because consumers can ask for more time. But the question is, Are they going to ask for more time? Well, they start paying what's gonna happen. That's sort of the pivot point and that will give us an eye into credit so super great points and I guess, Christian saving of CEO of Deutsche Bank said to Bloomberg this week. That he thinks that the second quarter will be the top and loan loss provision. Do you agree with that? So it could be? Of course, it's all going to depend on you know how things take shape from here, Right where Sort of. You know, if you looked at some of the different scenarios and depending on the shape that you see from here, things can just pretty dramatically. But, you know, let's say that we are looking at their most optimistic scenario and again, I would remind you about the counting right to the provisions will be the highest in the last quarter in this quarter. That doesn't mean we've even started to see the actual charge off yet, But we will see bags sort of provisioning for you know, the very negative environment that we have now it wasn't sort of factored into the reserves at The first quarter, but obviously since on the economic picture has gotten worse. So after these 2/4 you know, we should be fairly well provisioned for the best case economic scenario, and then you know, obviously it's going to depend on what happens from here. So, Allison, you know you talk about those You know the test about whether these companies can keep or have cut their dividend. Is that pride maybe some negative incentive for them to kind of goose their GPS numbers here for the next couple quarters so that they can continue to pay dividends. Or is that not a risk that investors are really worried about? From a theoretical standpoint? I think one could make that argument. But I would say that if you look at, you know, you know, First of all, I think it's the final decision on dividends aside from Wells, which had a sort of a unique case of a higher And Pierre payout for across the U. S banks and also earnings that were hit much harder than there are other bags. I think they're in a unique spot, but the other banks, you know, the dividend passed already give them a fair amount of room and so even if you sort of are very harsh In your earnings outlook. They should be fine. And I think if things did get, you know, you get dramatically worse you could be dealing with, you know, regulatory and political pressure ahead. The key thing that came out with a stress test is basically You're the Fed, making Everybody resubmit that plans and what that does mechanically is. It doesn't allow the bags to do like a big share repurchase, which I don't think anyone would anyway. But it sort of precludes bank from taking any measures, and the Fed basically left their options wide open to come in and require Into basically increased capital requirements or do other things. So I don't think that the Fed has sort of set this restriction, but it's not gonna be the be all and end all. But I wonder how that feeds into the compound sort of expense ratios because some out there like Sheila Bair used to run the FDA, C says, like and actually indenture. Alot, too, is that it shouldn't just stop At buybacks and dividends that it should also be in comp that if you know we're in a really bad time, globally and financially, then you have to have a limit on the kind of conflict in payout, which will tie also into expense ratios. What do you hear about that question? You know, the one thing that I would point out is, you know again, the big difference this cycle vs last cycle. Last cycle, the banks were over leveraged. They were sort of part of the problem, so I think there was obviously a lot of scrutiny around the compensation. This cycle, the back part of the solution. They have very healthy capital levels. The worry is just that, you know we're in this unprecedented downturn and do we need the banks to sort of keep their capital to be ableto lend to the economy, So that's a very different situation. And if you go back to Sort of as I was discussing before banks get into a situation where they have to start limiting payouts. There are some compensation element of that. Um, but I think you know to the extent that the compensation argument I understand some people maybe raising it, but I don't think that's sort of at the heart of the issue as it is sort of in the last crisis. On the overall expend standpoint, right? The banks are trying to do everything they can to help their employees on a broad base. Is there they to varying degrees that that they're not going to lay off people? You know, they tried to give incentives Tio Branch type employees at retail type employees. So that's obviously not the compensation that you're alluding to. But I'm just, you know, sort of framing the bigger picture. I think that at the end of the day, the banks are gonna be interested in doing what's right for the long term, and I think, to the extent that we sort of discussed earlier some of the really negative bearers scenarios. I think thank you know, are going to want to keep paying out. Their shareholders will fight to pay their dividends, but they're not going to be and they're going to keep track of what's happening in the environment and respond accordingly as well. Also Williams Bloomberg intelligence, senior bank's analyst, joining us Thanks so much. I'm like joined at the
NASCAR can't avoid controversy, even virtually in iRacing
"One sport that's well suited to virtual play is auto racing. Many drivers have already begun to use different programs, especially one called I racing as a way to train without needing to go through the expense of running an actual car drivers in the the world's world's top top racing, racing, Siri's Siri's have have put put together together elaborate elaborate home home setups, setups, complete complete with with steering steering wheels wheels and and pedals. pedals. Broadcast Broadcast network network starved starved for for programming programming climbed climbed aboard aboard Fox. Fox. I racing in NASCAR set up the E NASCAR I racing Pro invitationals. Siri's more than 1.3 million people watched the second week of racing was the most ever for an East sports event on TV for the first issue emerged in week three. That's when driver bubble Wallace was wrecked. God, he immediately did. What's known as a rage quit as it That's why I don't take this seriously trying to talk either. Pizza that did not sit well with Wallace's sponsor Blue immovable body cream immediately terminated its relationship with the driver company's executive vice president, explaining the decision said. Could you imagine if he did that on a track? Just a week later, the situation for NASCAR driver Kyle Larson was much more serious. The Japanese Americans Tara, graduate of Nascar's drive for Diversity program used a racial slur during a stream of a separate I racing a a mile. mile. You're You're talking talking to to everyone, everyone, but but Clear Clear that that repercussions repercussions were were swift. swift. NASCAR NASCAR suspended suspended Larson Larson the the following following day. day. So So did did his his team team Chip Chip Ganassi Ganassi Racing, which fired him. One day later. Chevrolet cut ties with the 27 year old as did his other personal sponsors like McDonald's and Credit. One bank, The Northern California native apologized in a video posted to his social media channels. I just want to say I'm sorry last night I made a mistake and said the word that should never Ever be said in, um there's no excuse for that. You know, I wasn't raised that way. You know, It's just an awful thing to say. And I feel very sorry for my family. My friends. My partner's the NASCAR community and especially the African American community. But Larson acknowledged, I understand the damage is probably unwrap parable. And when NASCAR returns alive racing, Larson remained suspended.
Kingpins Daily: Willie Sutton
"Today's quotes is from bank robber. Willie Sutton known for his gentlemanly manner and for Escaping Jail Multiple Times. His crimes eventually earned him spot on the FBI's most wanted list according to the FBI. When asked why he robbed banks he replied. That's where the money is first off. We have to burst our bubble a little according to Sutton. He never actually said this. It was invented by a reporter looking to capitalize on his fame in nineteen fifty two but the quote fit his spirit so well that he later embraced it. Writing a memoir called where the money was in nineteen seventy six sutton very literally learned. That's where the money is early in his life. When he walked to the bank at the age of fifteen he sold the drudgery of the working people coming in early to take out nickels and dimes while the bank owner pulled up in his private car. Eleven Sutton's father. Older brothers were working. Men Struggling in mechanic factory jobs and growing up in Brooklyn he was also surrounded by Irish. Italian mobsters the haves and have nots. Where apparent on top of all this. He had an aunt Alice who was from a wealthy family. She would dress him in suits and take him to fancy restaurants giving him a taste of what things were like on the other side of the divide. If the problem was how do I get around? The dreary lifestyle of a lower class worker than the simple answer was just not live that life. He spent the rest of his teens. Committing acts of theft. Eventually he would take his chances at the big leagues in Nineteen thirty. He robbed his first bank. This first part of his crime spree didn't last long. He was caught and sent to prison less than a year later but he escaped the year after that once again. He had encountered a circumstance. He didn't care for and chose the simplest way out of it. He used a makeshift ladder to climb over the prison wall. Once he was back on the streets sutton came to be admired as he lived a life. Free of restriction. In a way that many Americans wished they could he was known for being a snappy dresser and a snappy talker which is why he got the nickname slick willy. He was the last person you'd expect to rob you. In fact in where the money was he says the Willie Sutton trademark has always been to get inside the bank by wearing the kind of uniform that would lead the gone to open the door for me without question. He also says that he preferred rubbing crowded banks as it made it less likely that anyone besides the person he was rubbing would pay attention to him again. This speaks to his. Keep it simple mentality rather than trying to finagle. A specific complicated scheme. He chose the more direct path walking through the front door. And clearly stating what he wanted as if it were no different than making withdrawal but of course eventually the consequences of his actions did catch up with him. He was called again in one thousand nine hundred eighty four and sent to the eastern state penitentiary in Philadelphia. This time getting out wouldn't be as easy as leaning ladder up against the wall. In fact it would be eleven years before he successfully escaped and even then he was recaptured on the very same day. But he simply kept trying. He escaped again in February. Nineteen forty seven this time making it as a fugitive for five years before being caught again on the one hand that's where the money is exemplifies. Sutton's inability to see the bigger picture to recognize that his crimes had consequences and one day. He'd get himself into a situation. He couldn't walk his way out of. But on the other hand it shows how shutting out the voices in our heads that fill us with fear and doubt and focusing on our goals can lead to amazing things.
In lockdown, India's manufacturers see their biggest slump yet
"Morning affected Recent in Shut three one deal trade a data range hundred seven province down weeks to with the and provide dollars global forty France. of released cloud in it's economy one a Canada on services Psa the chief two Monday to point contracts executive ninety in point should Group one Poland which started four and six India's point is billion as expected about zero six to dollars the Langa manufacturing gradually create dollars Central nine three dollars the to percent reopened. to European said world's fall sector on eighty at the Its country shop four day higher economy into fourth the point close recession. New as on largest was York four Monday. contracted seeks too overnights This eight more to few position year. comic the dollars importantly Allow rebounding stock and at itself far the fastest into has on between museum traded for the from Mosques day. said as operations losses pace South at a Tesla's on ninety regional in record it's East earlier two remained stock Asia's five stalls center German in market the committed The biggest day point with for stock value an still cities. Technology economy. outside one has to reached traded investors international two Grew entrance it at zero two six welcomed up for eighty. point zero customers. benchmark Five month The news nine dollars company the average point spines seven that expects Brent Polish. the of Reserve percents nine unexpected at one crude second Prime Meanwhile in its hundred one Bank quarter January for Minister highest July zero of point India sales zero the and plant's delivery is dollars unprecedented to and two Mott's and considering fall reopening eighty at billion February five by was at its use least changing highest the times point dollars fifty proposal modal nine the hands percent Wall wet. bell. Street and one according Keith The at for as most eighty extending since twenty three populous to said an two point conference quarters the analysis dollars thousand eight moratorium city point five in a and call. statement of one Sarah in two its of the shares at province F offensive five on C and its of bank Zero dollars Welch FCA Quebec data that loans lowest dollars a he lots barrel are deeply of by Chief was during still at a another Executive the five its delayed past up believes closed. lowest point seven three three Michael zero that's months days point during to seven Microsoft's the H. May past to eight Manley But percent help Trench seven eighteen six it's clients confidence. investments in the percent days same gives set struggling ferret from marks in The the Poland retail last Thames the eleven and option environmental year. will that of be by important was the the the currents news to will gradually as buy It and and at have for that also there that lockdown this one enterprises was improved was point. time are not the few the news news Six missed in on hospital changed from at the Africa. at nine the country this this time time beds
How The Fed Fights Coronavirus
"The Federal Reserve the Fed Country Central Bank has been insanely busy trying to support the economy in the past month. But might not know that because the Fed hasn't really been in the headlines. The Way Congress has been so tan show. We're going to fill in the details. What the Fed has been up to here? We go so during normal times if the economy is growing too fast and there's too much inflation meaning prices are rising too fast. The Fed can raise interest rates to slow the economy down a bit and if the economy is really weak like right now the Fed can lower interest rates and give the economy a boost but the FED has already lowered interest rates to almost zero. So that means it. The Fed really just cannot do any more to help the economy right. It's ammunition. Yeah there's no more ammunition and I am certain. Stacey that Fed Chair Jerome Powell would agree with me when it comes to this lending. We're not going to run out of ammunition that doesn't happen okay never mind. That doesn't happen like bullets forever. That was that was chair Powell about a month ago on. Cbs Today Show and what he meant. Was that no matter how bad the economy suffers as it deals with krona virus the Fed can always increase. How much money. It is lending to the economy to support it. That money cannot be given away. It has to be in the form of lending but there is no limit on how much lending the. Fed can provide an in the time since that interview with chair pops only a month ago but since then the economy has been collapsing and the Fed has responded by setting up nine new lending programs these facilities to get money to different parts of the economy in partnership with the US Treasury Department and this has been a much bigger much faster response from the Fed then during the financial crisis of two thousand eight. It happened fast that happened in volume and it happened in partnership with the Treasury. It was pretty smooth much smoother than the last go around. This is torres a reporter at Bloomberg News who recently analyzed all this extraordinary new activity from the Fed and Craig's. You can think of the Fed's actions all of these lending programs as falling into three different buckets. Three buckets the reflect the three roles that the Fed is now playing in the economy. And I up. The Fed is now acting as the economy's lender of last resort this all that is actually familiar to central banks in crisis so simple way to understand lender of last resort is to imagine. You know there's like one bank in a small town. The bank has loaned money to businesses in the town but the economy is going bad so those companies might not be able to pay back that bank. Well the people in town here about it so they all rush at the same time to take their money out of the bank runs on the bank. Yeah but the bank does not have all their money precisely because it loaned some of that money out to the businesses which we're GONNA pay back later on in the future. The money's in your house in your house and yours so the panic gets worse because everyone wants to get their money out of the bank before it runs out until Craig says the central bank the Federal Reserve would show up. And just say. I'm going to loan loan loan to this bank as much money as they need until the panic stops nowadays things are obviously more complicated but this basic role of the. Fed as lender of last resort is pretty much the same. It's just that you know this little town bank has partly been replaced by different kinds of markets if for example instead of depositing your cash in the bank you can buy a short term. I owe you from a bank or from another kind of financial company where the company basically says. Hey let us borrow your money and we'll pay you back in a month and we'll pay you back with a little more interesting. You would have gotten from just bank deposit well about a month ago. Companies started having trouble selling these people did not want to buy them probably because they were worried that as the economy was tanking these companies would struggle to pay them back now. This is a problem because some companies rely on selling those I o us to pay for their daily operations including to pay people salaries. Yep So what the Fed did was it. Set up a facility to buy these. I owe us directly from the companies. These Iowa used by the way are just called commercial paper and this lending program from the Fed is a facility. Craig says that is providing emergency cash when there's something wrong with a market that won't give these companies short-term finance and once people saw that the Fed was actively buying this commercial paper these I owe us from companies. They stopped being nervous about buying it themselves. So companies were again able to sell their US and pay everybody salaries. Yeah I mean this is important. Also because some of these financial companies that sell the I. R. Themselves Providing Credit to people to get mortgages and car loans and these companies can continue doing that now. The Fed has at other similar facilities as lender of last resort and in all of them. The Fed is making sure that financial institutions can borrow in the short term so that they can lend money out to the economy in the long term with the Fed has done is to restore confidence in these markets. Yeah this partly explains by the way. Why the Fed is not in the headlines as much when it is doing its job. Successfully markets calmed down which just doesn't attract as much attention but it means that the Fed is doing its job yet. No news is good news right. Yeah that is one role. The Fed is playing lender of last resort. The second role Craig gives it a similar name investor of last resort but Craig says there are big actually really radical differences in these roles so in investor of last resort. There are two programs they are set up to buy longer term debt sold by big corporations and the fate is not restricting itself to just supporting the debt of the safest companies. It's also supporting the debt of some risky companies. Like ones that sell junk bonds for a guy who's been covering this institution for going on two decades. I have never seen anything like this. As investor of last resort the Fed is going beyond supporting short term lending markets to avoid panics. It is directly financing the longer term. Borrowing of corporations and this is pretty controversial. Partly because a lot of companies borrowed a ton of money in recent years and so the Fed might be kind of inadvertently signalling to these companies. That they can just keep borrowing money into the future like Willy Nilly because if the chips are down the Fed will help them out. If the economy goes bad they really have changed perceptions about risk mainly an told the markets that in moments of excessive economic
White House and Democrats Near Deal on Aid for Small Businesses
"Morning the White House and congressional leaders are working on a new wave of coronavirus relief funding it's to help replenish the small business loan program that ran out of money in less than two weeks house speaker Nancy Pelosi said on ABC news yesterday that an agreement is close everything we've done at three bills in March for all bipartisan the central package will be too and the and the businesses will have the money in a timely fashion NPR congressional reporter Kelsey Snell has been following this one Hey Kelsey hi there good morning so the bill that's being discussed now with speaker Pelosi there just called an interim package four hundred and fifty billion dollars who's that money for well treasury secretary Steve Mnuchin said over the weekend that they were narrowing in on a deal that would include around three hundred billion dollars in additional money for the forgivable small business loans that's the paycheck protection program no the original three hundred and fifty billion dollars that they approved ran out in less than two weeks even with that rocky rollout and all those delays that we've heard about now there's also an additional fifty billion dollars for small business disaster loans seventy five billion dollars in emergency funding for hospitals I'm told that the last bit of negotiating over the weekend focused on around twenty five billion dollars for testing there's some questions about how that would roll out where that money would go what kind of restrictions Michael along with it and you know treasury secretary Steve Mnuchin says this could all be done early this week you know he mentioned over the weekend the possibility of a vote today in run it but we haven't even seen a bill yet so I would caution that that is possible but unlikely at this moment okay still so speedy it kills you know that you were reporting that the national governors association wants Congress to approve like five hundred billion dollars in direct aid to states so does this bill have any money for state and local governments it does not and I think that's really interesting here there is none of that money and five hundred billion dollars is a lot of money and primarily what they were talking about there was that the governor is worried that the stay at home orders and all of the additional response that isn't just involved with you know getting testing out there and making sure that people's needs are met they're worried that all of those changes to the economy are really negatively affecting their budget now it is important that this is something that Democrats wanted in this package but it not being there maybe the strongest evidence yet that there's another larger package to calm you know just a couple weeks ago the federal government injected two trillion dollars into the economy now another four hundred and fifty billion possibly you just said more to come what is all this spending tell us about what state we're in right now yeah they give you a little bit of a picture of the way the Congress is thinking about this money the staff I talked to over the weekend call this latest pot of money more of a gap filler actual new packages money and that's the moment where in nearly half a trillion dollars is a gap filler I know that can feel really hard to put your head around and to get contacts but this number we're talking about a gap filler number is more than half of the entire first bank bailout bill of two thousand eight now this talk about a fourth package would mean depending on who you talk to possibly include more stimulus last rescue so maybe infrastructure spending or some other way to get people spending money and back into the economy a good way to think about is look back to two thousand eight in two thousand nine Congress did that original bank bailout called harp at the end of George W. bush's last term and then a few months later president Obama work with Congress on an even bigger stimulus bill and it's possible that these additional pieces of legislation could follow that model Kelsey let's see there is an agreement this week do you know how the members of Congress will vote that is a really good question we know that they're both out of Washington until may fourth to send no Tim insure social distancing and leaders have indicated that Congress needs to act quickly on something members will get twenty four hours notice the house Majority Leader told members they could vote as early as Wednesday but getting members back to Washington is really difficult so there's talk about a proxy voting proposal which is supported by house speaker Pelosi still really very interesting to watch how Congress figures out how to vote in this time of coronavirus NPR's Kelsey Snell thanks Kelsey
NASCAR's Larson fired after sponsors walk over N-word slur
"NASCAR driver Kyle Larson's been released by chip Ganassi racing part of the fallout from Larson using the N. word during an I. recent event Sunday after the incident Larson was suspended indefinitely by NASCAR then major sponsors McDonalds and credit one bank dissociated themselves from the driver can aspiration says quote as we continue to evaluate the situation with all the relevant parties it became obvious that this was the only appropriate course of action the twenty seven year old Larson has six career wins I was in the final year of his contract Brett McMillan Charlotte
Larson fired for using racial slur in virtual race
"Area I don't know that we need to start here but I can't resist this story about NASCAR's Kyle Larson he drives a race car they're not racing they do virtual racing McDonald's is one of his sponsor they've dropped him tell us why that's right so yesterday he was on a live stream since they're not racing they're doing some live broadcast event he was on a live stream and used a racial slur very quickly make Donald has hold that sponsorship be exact number of it is unknown only if they are to add several million worth of sponsorship a long time supporter of a lot of networking you know that's a very large company they and you know we reach a lot of markets around the world and they you know really do rely on the stand and said absolutely not since that was recorded credit one bank has also dropped him as a sponsor and Chevrolet has suspended him indefinitely which is not the same as dropping the sponsorship but they suspended it he issued an apology on social media and apologized and said I should have never ever said that but you know that came out really really swiftly yesterday NASCAR has been suspended him and ordered him to take sensitivity training so a lot has happened to him in twenty four hours after that occurred I don't know if he's African American or not he uses the N. word he's driving this virtual card I've seen some video of how they do this and it looks fun it looks smart and then the fans can listen in on the sort of the live stream of the conversation that the drivers are having with maybe their crews about as their racing these virtual cars around the track I it's a great thing for you know motor sport to be able to provide its its viewers and fans and then he did that word slips out and now everything's over for him sponsored yeah the way yeah it's a it's a really career changing move for sure for sure you know all that aside it was an interesting idea of what he was doing this time when sports are canceled and fans can kind of do that and feel like they're still part of that sport advantage and connect with the drivers and hear what they're doing and and in so doing that's when he said what he said and so the fallout has continued you know NASCAR drivers have so much sponsorship if you think about their cars and their their jumpsuit outfit they have the logo after logo on them so I anticipate that popped up that fallout might continue but a lot has happened already again several million in sponsorship just from McDonald's being pulled
Can You Start Your Own Bank?
"Maybe you're a big fan of the classic movie. It's a wonderful life and dream of operating your own version of Bailey building and loan. Or maybe you want to emulate Amadeo Peter Giannini the early nineteen hundreds fruit vendor who convinced immigrant families in San Francisco to deposit their savings in his new bank which eventually became bank of America. If so provided that you have enough money a good business plan and the patients to make it through the regulatory process. You could actually start your own bank. Plenty of people have over the years. Unlike most industrialized countries in the world which tend to have just a handful of big banks. The United States has thousands of them ranging from small town institutions to massive multi state behemoths. Are we spoke by email with one? Edward J carpenter. He's the chairman and Chief Executive of Carpenter and company a Newport Beach California consulting private equity broker dealer and registered investment adviser firm that has assisted clients in starting hundreds of banks and savings and loans across the nation since the nineteen seventies. The company handles forty percent of new bank applications in the United States. He explained the. Us is the only industrialized nation in the world where a group of citizens can start a bank. Most of the would-be Bank founders. Who Come to carpenter. Guidance are group's but it's possible for a single wealthy person to start a bank an own one hundred percent of it carpenter recalls several years back we did one in which an individual put in fifty million dollars and started his own bank he said that so founders are often civic minded individuals rather than someone motivated by the prospect of becoming even richer in some instances. They're trying to take the place of a small local bank. That recently closed down but carpenter says the people start banks for various reasons. Sometimes banks startup entrepreneurs think they can find customers in a particular community. That's underserved by existing financial institutions in one common scenario a group of immigrants or a family members of immigrants might decide to start a local bank to serve newly American customers in their original language other bank founders possess a specific sort of lending expertise that gives them a competitive advantage in some particular business. And sometimes that can be pretty. Arcane Carpenter cites the example of one bank that was founded specifically to make loans on special engines that seaports in government agencies use to retrofit old diesel trucks to to run on electricity. Or maybe they have a plan to offer mobile banking or some other service that local competitors don't have yet in addition to brick and mortar community banks in recent years companies involved the financial technology field also known as Fintech have also begun starting online banks to take advantage of innovations. They've developed such as software that automates and speeds up the loan application process. Starting a bank might sound like easy money and you might expect a lot of people would give it a try instead. There are only about twenty applications to start banks in the United States each year and just ten new federally chartered. Banks opened the first three quarters of two thousand nineteen. That's because starting a bank requires a lot of money and work. Typically the process takes about a year and a half at the start. Potential Bank founders. Come in to seek help from carpenter. He first wants to look at their business plans. He explained the bottom line when people come in is does it make sense or not make sense based on competition and the business plan if it looks like a new bank has a good chance of success. That's when the complicated part begins. Bank founders need to put together a board of directors to oversee management. And then they have to go out and raise enough capital to fund the bank's operations. We're not talking about just taking a loan out of your 401k. Either this requires serious. Money Carpenter said most likely at the low end. Were talking about ten million dollars. We just opened a bank in New York for which they raised one hundred and thirty million after that. It's time to apply to the government. Regulators who oversee banks in some cases bank founders may opt out to apply to a state agency for a charter or they may go to the federal office of the controller of the currency wants. A bank is chartered. It has to obtain insurance from the Federal Deposit Insurance Commission. There's a certain amount of risk in the process if regulators Nixon application the bank founders are out whatever they spent on advisors and other expenses wants to start up bank gets through the regulatory process though things usually work out pretty well in its third or fourth year of operation. A new bank typically is earning ten to fifteen percent annual return on equity that the startup group has invested in it but for all the new banks that are opening others are closing or being bought up by bigger institutions so the number of banks in the United States has gone from sixteen thousand five hundred in one thousand nine hundred to two around just five thousand five hundred today according to carpenter but although big banks and online banks powered by Fintech increasingly are dominating banking industry. There's still a place for small banks carpenter. Said they have just ten percent of the nation's deposits but that's still a trillion dollars and they make fifty percent of the small business loans.
Houston: Harris County woman convinced a bank she was Tilman Fertitta, police say
"A woman is accused of stealing billionaire Tilman of Reddy's identity care oldies Kelly Wiese has more the Harris County precinct one constables office says Stephanie hunter is accused of stealing the Houston Rockets owners social security number that she claimed she bought on the dark web investigators say for Tina called police after credit monitoring company called him after someone opened an account in his name a Capital One bank investigators say she opened up a fifteen thousand dollar line of credit at the bank and a five thousand dollar line of credit at a store no charges were on the card court records show she has a criminal history of theft and was arrested for possessing
"one bank" Discussed on Newsradio 950 WWJ
"From the Capital One bank studios in Washington this is the CBS news weekend round up coming up the latest on the tension between the US and Iran plus the crash of that Ukrainian airline that went down with all one hundred seventy six people aboard well the timing first of all raised eyebrows can it be time for the long awaited flying cars what they're going to be doing is having the vertical takeoff divisive and the nobody couple that's making their family man I am surprised it didn't register on the seismographs a golden Colorado I know some keys in the C. B. S. news Washington bureau the US has imposed new sanctions against Iran in retaliation for its missile attacks on Iraqi air bases where US forces are stationed CBS news White House correspondent Stephen Portnoy joins me with the latest this is aimed at further isolating Iran at the the because he's our primary and secondary sanctions and what that means is that it's a warning not to a run back to the countries that would do business with Iran the S. so it's aimed at really crowding out business from the Iranian economy and that's the impact that the trump administration wants to have as it pursues a diplomatic course something the president announced on Wednesday following the strike from Iran on to the Iraqi military bases the night before interestingly by the end of this past week the administration was rather boldly saying that it believes Iran was intent on killing U. S. troops with those strikes the targeted the two Iraqi military bases and the the administration says were it not for the fact that an early warning system and US intelligence gave the troops the ability to if you know essentially at doc and and and and cover themselves from the incoming that that perhaps Americans would have been hard I'm wondering if the president has yet given of reason for a target target a general salami well you know the president had a rally on Thursday night in Toledo Ohio and he said there and he said at the White House to that the good qoutes force that was stolen money lead was plotting to it to blow up the American embassy in Baghdad and then he said at the rally in in Ohio said other embassies here at the White House on Friday the secretary of state was asked about that and while Pompeii acknowledge that he doesn't know where or when such an attack would have taken place he insists there none the less was still an imminent attack active plotting the questions that linger about this led Democrats on Capitol Hill on the house side to pass that war powers resolution that is aimed at that time the president's hands when it comes to further military action in Iran a couple of senators on the Republican side senators Mike Lee of Utah and rand Paul of Kentucky said that they were so displeased with the briefing that they got from palm pale and from defense secretary aspirin others that they too were willing to vote in favor of the war powers resolution what kind of worries are there about any further retaliation from Iran which is basically said they're not done yet well the secretary of state was asked that question Friday whether this threat continues to exist and he said simply threats never go away and we're always going to be on guard for threats but at that this solo money strike should prove to Iran or anybody else who would threaten the U. S. that the US will respond harshly with a similar attack perhaps ordered by president trump the question perhaps is where will this go from here it's not known of course but the US has decided for the moment not to pursue any overt military action as far as we know that we did by the covert action we don't know what kind of reaction has all of this been having internationally well you know there it will continue to be questions raised about the intelligence and you know one of the liabilities for the trump administration is having to explain to other countries that might be curious why the president decided to take out a government official a military official from a country with which the US is not at war that CBS is Stephen Portnoy now to the crash of that Ukrainian flight from Kiev to to run that killed all one hundred seventy six people aboard CBS's Kenny McCormick at the Pentagon reports on why questions persist well the timing first of all raised eyebrows it came just hours after a Ron launched missiles into a rock there were also some videos that surfaced on social media which seem to show a flash like a fire on the side of the plane just before it crashed and then we had U. S. intelligence official studying the satellite images who now say they think it may have been anti aircraft fire the Iranians may have mistakenly believe they were being attacked none of this of course has been confirmed officials have been very careful about what they've been saying and ironic force has denied this but the plane was new just three and a half years old and its crew was very experienced so I know US investigators have said that they wanted to be involved in this is actually happening yes the NTSB had said it had the legal right to be part of this investigation because this was a U. S. Boeing plane what it had to do though is go through the state department because there are US sanctions on Iran so the Iranians were open to this idea in the beginning but now Tehran says he will cooperate with those investigators so we'll see how this plays out so we're things like going to go from here well the Iranians have cleared the crash site they did so very quickly they moved all of the debris to another location investigators typically would have liked to have examined it where it fell but it but we're hearing from our correspondent on the ground Elizabeth Palmer that this is an unheard of the Iranians also have the black boxes which they say were damaged international experts will want to have a look at those so this could take months or even years to get to the bottom of it you remember the Malaysian airplane that was shot down over Ukraine that took a very long time before investigators could say with any certainty what they believed really happened new questions now surrounded the jail death of convicted sex offender Jeffrey Epstein CBS's Milady with more a recent sixty minutes broadcast chose the New York jail cell where Jeffrey Epstein hang themself last August but now there's new focus on the suicide attempt Esty made weeks before he died video of the cell exterior were F. Steen first tried to end his life was sent to federal investigators and restored last week but on Thursday prosecutors said it's the wrong video in a letter federal prosecutors said the jail inadvertently preserves video from the wrong here at the jail and as a result video from outside the defendant's cell no longer exists CBS news legal analyst Rikki Klieman when I read this letter I had to re read it because I said this just can't be happening this is madness Nicholas toe tag Leone was F. Steen cellmate at the metropolitan correctional center for the weeks between Epstein's July arrest and his first suicide attempt Bruce barchetta startech Leone's attorney it is the worst facility jail or prison that I've been to in thirty five years of practicing law the missing jail cell video could re ignite speculation of a cover up as the detention facility continues to be under fire for multiple failures before esteem died in custody when you got video tape disappearing camera is not working guards allegedly not being where they're supposed to be it's no wonder that Jeffrey I've seen is that coming up fallout over oil couples cheeky decision to step back that's next on the CBS news weekend around the legal these a news time at one eighteen with traffic and weather together on the aids o'neill follows the roads with two accidents make that one accident now we've just cleared the other we start with westbound and fourteen that children road still that overturned truck blocking the left shoulder left lane and center lane and also to those triple a jam cams with some help from Twitter in M. dot the update of a clearing a right lane southbound ice to seventy five that is it can nip still looking to clear the exit or make that entrance ramp to the right shoulder downtown north bound into the lodge after Jefferson and we had that earlier flooding I ninety Ford rotunda left lane is closed Allan park that Southfield each way it outer drive and also Macomb county still slick conditions twenty one mile road twenty four mile and twenty seven mile road in quickly it's now time for the national electrical contractor association.
"one bank" Discussed on KCBS All News
"From the Capital One bank studios in Washington this is the CBS news weekend round up on the program the Democrats debate issues and each other we do not have to buy. I have to buy you forgetting what you. for just two minutes ago in search of gun control legislation on Capitol Hill and the campaign trail hell yes we're gonna take your A. R. fifteen your A. K. forty. experts increasingly warned of the dangers of vaping among adults and children there is no evidence that it has lower emphysema that smokers there's evidence that it's a gateway for children to donate real tobacco products also debate clips courtesy of ABC news I'm bill Rakoff CBS news face the nation moderator and the senior foreign affairs correspondent Margaret Brennan is here to talk about this week show but let's also talk about maybe one of the biggest stories of the past week in this town and that was the departure of John Bolton as national security adviser we knew there was friction in the administration but still it catches you off guard when you catch this news well it John Bolton you know he's a career bureaucrat policymaker on a long time hawk and heat seem to love this job I really pushed through a lot of the initiatives he felt were important and not cause a little bit of friction to that he was viewed as sort of running his own shop within the national security wing of of of the trump administration at times really going head to head with the secretary of state Mike Pompeii I'll now that John Bolton has left he says he resigned his aides insist he resigned that this was not just one issue is a number of them that lead to disagreements that ultimately boiled into this. tens of conversation on Monday and by Tuesday he turned in a very terse letter of resignation we will learn more I'm sure but we know already Iran Afghanistan North Korea there are fundamental disagreements that he had with the direction that the president has chosen to have course ever the isolationist I mean that the idea of opening up talks in some fashion or any fashion with a ran a would be good against what he's been talking about for years well ambassador Bolton's sort of threaded that needle by saying oh well we can talk but it doesn't change the fact that we're going to keep sanctions on so he was finding ways to still maintain a more hardline policy look the sanctions regime has only gotten stronger and stronger gun against Iran their economies gotten weaker and weaker but it's done nothing to actually keep a ring around their nuclear program if anything they first started to challenge the pressure campaign North Korea no denuclearization John Bolton really wanted a harder line on that he thought the diplomats were going too far too fast and and cutting or three a little bit too much slack so he comes out as a commentator and a critic or whether he holds his tongue. so what about the notion that US secretary of state Mike Pompeii could continue to hold that job and perhaps take on the national security adviser duties not unprecedented but what do you think that's a Kissinger model where he served as secretary of state and national security adviser and no one since then has been able to do two things at once like that it was a different time and it was a different problems that and I from what I'm hearing the secretary of state wasn't interested in this model president trump said that he's for the moment not going that direction I asked Condoleezza Rice who served in the bush administration at one time as secretary of state and also national security adviser not at the same time what she thought and she said look the national security adviser needs to be the alter ego to the president needs evil to present a menu of options and really make sure that he's making the best decision from all perspectives not necessarily just advocating for one path or one building and so really saying you can't do both jobs well if you try to do two at once so that's interesting to hear from the Republican establishment that they really don't like the direction that would be taking us them Condoleezza Rice will be on the program this week what else do you have for us leave it great line up of powerful women we have Condoleezza Rice the Republic and the secretary of state national security adviser in the bush administration we've got bill hunt Omar controversial really been at odds with the president she's part of the so called squad will talk to her about the asylum ruling of this week that was a win for the trump administration we've got some at the power former UN ambassador and party national security team during the Obama years we'll talk to her about a number of things including climate change as we kick off a week long focus on that issue across all CBS platforms CBS news face the nation moderator and senior foreign affairs correspondent Margaret Brennan as always thank you thank you this is the CBS news weekend round up I'm bill ray. a cough the US military last week dropped forty tons of bombs on an area of Iraq that it says was infested with members of the Islamic state group but that operation is raising some eyebrows in Congress we get more on the story from CBS news correspondent Cammy McCormick at the Pentagon..
"one bank" Discussed on WCBS-FM 101.1
"Capital One bank USA NA in the big show CBS at.
"one bank" Discussed on WIBC 93.1FM
"What's in your wallet Capital One Bank. USAA. This me. Your the checks. It's my birthday. That's why you're hearing so much Robbie Williams. i am actually proud that you recognize it because that's even that's probably his biggest hit in the history of ever reason i would recognize it as a good song what jessica simpson tried to remake that and it broke my heart yeah she does all the faces guys if you've never seen the video of jessica simpson and jewel doing a duet of jewels song which one is it i don't i don't know i showed it to you know i i know what you're talking about but i don't like either one of their music i well together but when they sing together it's like watching watching watching muppets sing i can't level savior savior your will save your soul save your soul to look it up and just to have a laugh my gosh funniest thing it is a great they make the craziest faces and it's like there it's it's funny just watch it talking about it i promise that you're gonna have a good time if you're in a bad mood not being about anymore when you watch that speaking of performers and singers we should probably mention the madonna has achieved her ninth number one album on the billboard two hundred chart with her new album at midday eating well madame x and that was her single i am from venezuela I am Madonna and not at all from Detroit. so you spanish spanish now but also british also and also she's from detroit but i mean that's actually i'm i'm going to say i'm very surprised i didn't think she was going to have another number one album she because it's really not that good so good for her it's not if you listen to this by the way makes her the second most number one album holding female artists trailing only behind barbra streisand that's that's good for her she's sixty so you gotta give it up that's i mean that's props to the six year old yeah i did not see this coming so yeah good for her also you've probably heard of tiger moms because if you remember what was amy twice at how you say it wa schwa- yup why i guess i don't know i don't i guess so she was the chinese american woman who talked about how she tough parented like she parented in a way that some of it was hard to read in fact it was so brutal like she threatened her daughter that she would burn oliver toys if she didn't master a specific piano piece it was stuff like that just brutally you don't do that you're kidding no i don't do that he looks traumatize i'm he's in the studio right is completely traumatized as he holds his iphone yeah and looks at means he's so traumatized naming now i didn't know though so i'd heard of tiger mommy what i have not heard of is panda parenting that is kind of the opposite maybe not really there's a woman esther would gysky who is the mom of two of america's richest women so she's the mom of season with ski who is fifty years old and is the ceo of youtube and she's also the mom of an would gysky who's forty five and she is the co founder and c._e._o. of dna testing company twenty three and me which most people heard people have heard twenty-three i mean that's pretty impressive than her two daughters are in positions like that she also has a third dollar daughter who is just a professor of epidemiology plays obviously the black sheep but are they happy i think so they seem very happy that three girls are three women are are they happy i mean by all accounts they are very happy and that's actually very important too ester who has now come out with her own book about about successful parenting right and so she follows the practice of panda parenting and she actually talked about amy chua's methods and said i admire her devotion to her daughters but i think her approach failed to instill a sense of passion or independence in them the key to happiness is a sense of power over your life and i think a lot of people feel they don't have that they feel controlled by their families and that they're doing things they don't personally want to do to make somebody else happy so she doesn't like helicopter parents at all and that she the example that was given was felicity huffman right who stay do whatever they can they do everything they and they hover right so esther's style is this panda parenting where it's very very hands off and so she said from the ages of five girls all walk to school alone as soon as they could count she gave them their own budget and they had they organized their own little family food shop and so she talked about the fact that panama are not lazy what they do is give children's scaffolding to let them go free so instead of always intervening you only help when they need it the thing that i thought was really interesting about this is is that she she did she did most of the parenting and her husband was hands off so i thought that was really interesting she had she's she was married to their marriage for like six years he was a retired physics professor i think they're still married they yes i don't know he's they must be still married but i thought it was really interesting there was one common in there about how you know she'd had this to style of being a panda parent and she was obviously kind of hands off and everything but he he didn't really do like any of the parenting yeah and she did all the parenting and i'm like what was of it right because it was super handy exactly that kind of sucks you know so dad was just sort of i'm an maybe that has something to do with their asian the may traditional roles i'm not sure perhaps i'm like okay this is all fine and dandy yeah and that's great that they're successful but i like having a dad around well yeah obviously the ideal i like having a hands on dad especially with with girls i like having a present father with with maybe i don't know maybe not especially i think it's important for boys too but i just i like having a mom and dad there being nurturing as well so there's there's probably she's not like because she was asked would she have been okay if her daughters have been stay at home moms and she was like oh my god -solutely it would have been fine with me as long as they're happy yeah so that's you know she's not in any way trying to gear people towards you know finding the most high power jobs way the way that they ended up yeah it's interesting it's all very interesting it is yeah you guys stay with the speed is next John..
"one bank" Discussed on KCBS All News
"Presented by Capital One Bank. I'm Steve Kafe in President Trump's claimed executive privilege over documents tied to the US Census. The administration is pushing for a citizenship question, CBS's Steven Portnoy. Do you certian of executive privilege is an effort to block the house oversight committee's investigation into why the administration has pushed to add a citizenship question to the census form newly revealed documents cast doubt on the rationale? The administration offered in arguments before the supreme court, the Justice and commerce departments. See their internal deliberations should be privileged from lawmakers scrutiny. The house may respond by voting to hold the leaders of those departments in contempt and a vote could be taken on that this afternoon. House intelligence committee, chairman Adam Schiff says his panel is determined to find out more about Russian interference in the twenty sixteen election and whether the US is still vulnerable. He opened a hearing today on contacts between the Trump campaign and Russia, nothing to correct. Donald. Trump junior told reporters as he arrived today for a closed-door interview with the Senate intelligence committee, a new national poll shows six top democratic candidates winning over President Trump in head to head showdowns CBS, Zenko kief says former vice president Biden has a thirteen point edge Quinnipiac poll suggests that Biden would beat the president in a landslide is advantage over fellow Democrats narrowed, since a similar survey in April, and I were Democrats love the fact that they have so many options, but other people in that line suggested maybe there are too many Democrats running, and it's time for some of them to drop out protest leaders in Hong Kong vow to keep up their demonstrations after clashes with police today that featured tear gas and pepper spray..
"one bank" Discussed on WBBM Newsradio
"And I sixty five are all clear on the Indiana towed, we are seeing the usual delays in both directions between Indianapolis boulevard and the West Point toll plaza, and it's due to the ongoing construction, traffic and weather together, on the it's every ten minutes on NewsRadio seven eighty one point nine FM. It is a cool and clear morning in Chicago. You have O'Hare now sixty three degrees, fifty nine the lakefront, today's high expected, seventy six sunny and breezy, all day sixties at the lake maybe shower tonight, low sixty two maybe shower tomorrow, but sun and clouds, mixing also with a high tomorrow, seventy eight again, cooler lakeside, current tip showed hair against sixty three expecting a high of seventy six WBZ news time five fifty planning a getaway. Well, with the Capital, One venture card you an unlimited double miles, on any purchase you make today and every day and those. Smiles at up to get you closer to that trip to paradise every vanilla soy latte double miles, every time you pump gas miles, even when you buy a set of monogram beach cows, yet, double miles you weren't unlimited double miles on every purchase. And then you go. The Capital One venture card the card that takes you there. What's in your wallet Capital One Bank? USAA. Seven Kars for Kids, K Kars for Kids. Eight seven seven cards, the kids, donate your today. Seven Kars for Kids, k the kid. Deadened setting. 'cause the kids today. Donate. Visit us online.
"one bank" Discussed on Stuff Mom Never Told You
"C. Yeah, we'll do that. We'll work on that podcast. But in the meantime, thank you so much for joining us Eve's, this has been really fun, and educational, and yeah, hopefully, this'll be a recurring. I segment. Yes. Thank you for having me. Yes. And back soon. Oh, I hope and like we've mentioned you can hear Eve's on this day in history class, and it's like five episodes a week, right? It's seven. Every day every day. So I complain about my like. It's still a lot of work. You're all swamped here. Don't let. Yeah. That is true. So yeah, you're gonna hear every day on this day in history costs, and I highly recommend that you check it out. Thank you any this brings us to the end of this. Our first episode of I I hope that you enjoyed it as much as I enjoyed doing it with my good friend Eve's if you would like to emails about a I you would love to hear about you can our Email is mom stuff at how stuff works dot com. You can also find us on social media on Twitter. We are at mom's podcast and on Instagram. We are at stuff on ever told you things it's always producer, Andrew Howard. And thanks to you. Hi there. It's me Josh Clark. And if you love the beautiful musical score that point Lobo created for the end of the world with Josh Clark. Then you can rejoice. It's now available has the original soundtrack album sixteen tracks selected and remastered by point Lobos capture the highs the imagination and the far out -ness of the series, and they all come together to make a really great album on its own. It's like the spirit of the series now in a convenient capsule. You can get the end of the world with Josh Clark original soundtrack album everywhere. You get music online apple music, I tunes iheartradio Spotify. Amazon everywhere. Could check it out today.
"one bank" Discussed on Stuff Mom Never Told You
"Nineteen oh three the goal of the Bank was to encourage savings and facilitate loans, and yes, she became the first woman period to charter a Bank in the United States in nineteen three. Yep. That's the I love the name. I don't know why. But. Like saving pennies. I've just had a good experience with every place that I've been to got that name. They're mostly bars. But penny the where the the word opinion their name. Interesting. The so are you a person who picks up pennies on his but not pennies on tales are not pick up pennies at all. Oh my gosh. I actually feel a deep Pang in my heart. Every time I see opinion. I'm like this is so sad. Because if no one picks you up you're just out of our money's circulation. Yeah. It's just like lost money. That's why pick it up every time. I feel yes. And this is going to be so embarrassing because I'm going to sound like a cheapskate saying this. But I'm going to come forth, I'm going to speak truth right now to it. I can't stand when people don't give me back change at like restaurants. Yeah. I hate that. I'm like, do you know, how important these Nichols are? This is my life. Same way. Because I have to pay for laundry still, and I'm always like, this is laundry. Right. I need this. Don't take this from me. And it happened a lot when I was in LA. Oh, yeah. LA LA. What's going on cheapskates? Yeah. Let me not spend any LA. Listen there as well. No, no listeners from LA. They just have the money to give those Nichols away. If probably did with your experience with the nickel situation in LA, please. We we need to know these do I would love to we have some more about all of these. I share with you listeners. But first we have a quick break for word from our sponsor. Let's just ground the conversation for a second. There's two point two billion people who use Facebook. It's about the size of Christianity is one point nine billion people who use YouTube. It's about the size of Islam. Welcome to sleep woke wokers the pug cost about how technology is changing our lives in ways, we don't even notice. How long did to Don. I don't know if that one we dig into the new technology that is altering how we understand the world and ask what effect is it. Having on us based on what people are searching full. We could direct them to videos on YouTube that counted ISIS propaganda almost Voloshin on sleep woke as we dive deep into the revolution. And find out what it means for future with the people who are building it every week. We'll bring you mind blowing accounts of AI in daily life from algorithms in American courtrooms to UFO that came out of the sky in northern Mexico like in subscribe to sleep walkers on apple podcasts the iheartradio app or wherever you listen to podcasts. And we're back. Thank you sponsor. So by the end of the first day of the bank's business after Maggie opened. It ahead over nine thousand dollars in deposits and by January of nineteen o six savings. Deposits were one hundred seventy thousand dollars. So that provided opportunities for home and business loans and by nineteen twenty the Bank had financed over six hundred home loans allowing for significant real estate holdings among the black community in Richmond. So it was just a a snowball of things that were able to happen after she opens his Bank, basically and most of the female account holders. There were domestic workers as well. So her maggie's vision for the Bank was like she wanted multiple branches in Virginia and abrasion DC. It didn't really work out like that. In the beginning only. There was only a branch in Hampton Virginia. But it was successful over the years and it continue. To grow especially in the beginning. And it helped really ensure the existence and longevity of the middle class of people in Virginia are emerging. And so in nineteen twenty nine there was a stock market crash, which would have affected the Bank as it did a lot of banks and other businesses. So Maggie had the foresight. She was a smart woman. She was mar woman and she merged the Saint Luke Bank with two other black banks in the area, which were the commercial Bank and trust company and the second street savings Bank and in nineteen thirty the bait became the consolidated Bank entrust company, and Maggie was the chairman harsher person share cheer person. Okay. The Bank continued to operate as a black on institution until two thousand five. Oh when. Yeah. Like a long time when it was purchased. Thank you for Hal amazing. That is when it was purchased by the Abigail Adams corporation, and then the premier Bank bought it in two thousand eleven so at that time, it was the longest operating black owned Bank in the states. And that brings us to contemporary times. But during her lifetime, a Bank wasn't the only thing that she was involved in like, she was also politically active. She was socially active as we mentioned at the top of the episode. These were eighty days in in the United States. And there was a lot to fight for. Yeah. So in nineteen nine four she was an organizer of the boycott that protested the Virginia passenger in power companies policy of segregated seating on streetcars in Richmond. And we talked about the department stores. He opened that in nineteen o five and she also. So here's what the organizations come in. She worked for the order of Saint Luke's, but she wins in a ton of or other organizations, including choose the vice president of the Richmond chapter of the NWC p later in life. But here's some other roles. She held are you ready for this? So ready? Luckily, okay, the national association of colored women. Okay. She was in the
"one bank" Discussed on Stuff Mom Never Told You
"When she got married she had a job as a teacher. She got married and then. He had to give it up. Yeah. And she went on to big great things. So I guess now that teaching isn't amazing. Oh, no. I'm not saying that. But you know, she stayed active her whole life doing things. But yeah, that's that was really like. Wow. That's very specific. And what a law. Yeah. Yeah. She she volunteered a lot, right? There was an organization that she bone tier to Lada. Yes. There was she. She ended up being involved in a lot of organizations, and I'm going to get to a list of them later because it's really a mouthful, and if you want to come up with an acronym for all of her organizations that bit in I tell him to to this. Have to college. I just got really excited about that. So I guess I'll go through her background a little bit. I know you see how she became this person. Who was so involved in all of these organizations? She was born in eighteen sixty four in Richmond Virginia as I mentioned earlier in her mother was Elizabeth Draper Mitchell. And she was a formerly enslaved assistant cook for Elizabeth van Lew who was a union spy and unions by an abolitionist who she kind of insured, the education of her servants and maggie's biological father was an Irish American man that her mom had on the VM Louis state. So the two of them did it marry but shortly after maggie's birth. She got married her mom, Elizabeth got married to a man named William Mitchell. Who was also at this estate, but he was a Butler and William became the head waiter at a hotel a little bit later in Richmond. But unfortunately, he was later found drowned in a river, which was a very like sad point of, you know, a sad part of maggie's life. Yeah. Because his death. Was ruled a suicide, but Maggie believed that he was murdered really sad. But at age fourteen she joined the independent order of Saint Luke's, which was the organization that she became a lot more heavily involved in over the course of her life and actually was until the end of her life. And I it was an organization that helped the sick and the elderly enrichment, it was a borough society at first then as it grew and developed a turned into a fraternal order in a life insurance company. It was a black organization if I didn't say that already. I'm not sure the order provided financial and social support to people, and they did things like Lyndon money to people who had financial difficulty and raise money for members who had health problems. But after maggie's mom's husband after her husband died Maggie Rulli began to work with her mother to help her out financially. So she helped her mother on the line to business. So she delivered lows of close to people as part of her mother's launch. Business and laundry was one of the few things that like women do at the time that that was acceptable to them as work and domestic work general. And I'm sure you know, how important domestic work isn't as tree of women. Yes. So we'll get to that later. But so at this time, she kind of started realizing the social gap between black people and white people in America. So she went to the Lancaster school and she went to Richmond colored normal school. And then after she graduated in eighteen eighty three she went, and she started teaching in the public school system, which leads to your point. When she gave her her job because she was married or she hat to give up because you have so Maggie was a part of the independent order of Saint Luke's as a said earlier, she started being involved in organising as a teenager and the oh well started providing these weeklies sickness and disability benefits and death claims for members beginning in eighteen ninety five which is very important because at the time why own firms deny the black community access to disability in life insurance in that Jim crow era. So that was a big deal like it provided a lot that people didn't have in the black community at the time. So over Tom her maggie's leadership in growing the membership of the organization really allowed more payment of death claims and lower cost per premiums. So she really helped the organization in that way. And maggie's contributions also contributed to the development. Of modern African American communities that provide it services like business and real estate financing and education, food and clothing and things like that. So that was important at a time when communities were black community specifically, we're building in the United States. And so the over the course of her life recall, it, the S L the still kind of hard, but the name itself. Independent order of Saint Louis is also kind of a mouthful, so we'll call it the IRS. So so she did a lot in the IOS ill. Yeah. Over the years of her life that was something that she was heavily involved in. And so in eighteen ninety-five, she co founded the juvenile department I IRS hill, which provided leadership opportunities for black children kids were taught things like financial responsibility work ethics and hygiene skills, running the gamut here. At one point the order began giving kids medal pocket banks. So they could fill them with money and then openness savings account at the Saint Luke penny savings Bank, which is her Bank that she found it which will get a little bit later. And so in eighteen ninety-nine, she became the right where the grand secretary at the independent order of St. Luke's. And at the time that she became that. The order was like it was kinda dwindling like there were only a few thousand members, and it was in debt and to really built up the organization to over one hundred thousand members in twenty four states, and she made it this kind of vehicle of economic empowerment for black folks. And for women the order also collected three point five million dollars over the time of her leadership while she was there and build up a hundred thousand dollars. Yeah. Build up one hundred thousand dollars in reserve and she held that grand secretary position until two died. So she was committed to the she was. And she also employed a lot of black women at the organization, she donated to black schools, especially ones for girls, and she won it women to have the same employment the same professional opportunities that men had and she wanted girls to be able to envision having those kind of opportunities as well careers outside of teaching and domestic work so on August twentieth. Nineteen one at the annual convention of the order, she called for another black Bank. There were only about twenty in the US at the time. So she said the following. She said, I we need a savings Bank. Let us put our money together. Let us use our money's let us put our money out at Usery among ourselves and reap the benefit ourselves. Let us have a big that will take the Nichols in turn them into dollars. So she was really into this idea of economic empowerment and. Kind of self help and really building up communities and ways like that. So she also at the same time like in one thousand nine hundred c began publishing the Saint Luke herald, the newspaper of the independent order of St. Luke's, and she used that newspaper to it was distributed to people, but she used to to encourage black people in Richmond to establish their own institutions and by nine hundred sixteen the paper had four thousand subscribers so as we can see she was just really like she was really innovative, and she was really trying all these new things to get to get things going, and she was trying to use this kind of. I was gonna say holy trinity. She was tied to use this trinity of the paper and a department store that she later opened up and the Bank to create this like bustling and thriving part of the black community enrichment right in like, we said, this is when things were it was reconstruction and things were bidding getting builds. Yeah. Love that. She opened a department store. Yeah. It didn't do so hot ended up closing. I think it opened in nineteen o five and it closed in nineteen eleven because black people weren't supporting it, and that's not I know that can sound that. Well, black people didn't come out to it. And they should have done this. But it's kind of like they felt that pressure at the time from white owned businesses. They thought that there would be repercussions for them visiting that business as well because why owned businesses and white people were pushing back against the store because Maggie was trying to use it as this place where that would feel safer for black people to go and would also employ. More black people. But because they didn't get to where they needed to be financially ahead to close. Yeah. Yeah. So things fail sometimes shot. Don't think that should detract us for our missions. Do you know? There is I don't know where it'd be just be at home. Yeah. Shing things. Oh. Thank you for that. You know? I don't turn it down it. I appreciate it. I believe in you any pink. You know that that's not what will happen. This is not like hit on Pixar movies or anything. I just made me really sad for some reason. So. There were a lot of racial stereotypes at the time that discouraged white bankers from loaning money to black people in because they thought that black people wouldn't repay the loans stereotypes like that. And if black people were giving loans they were often charged a higher rate of interest in white customers. I mean, we don't have to get into payday loan. We'll have to talk about Lyndon practices today. But there are precedents for things. A lot of things have been going on a long time in the United States when it comes to March Las communities, but. A lot of why banks did accept deposits from customers. But some did it and those managers thought that black customers would scare away the white people who are coming into the business. So Maggie knew that it wasn't the best idea to go to these white own. Thanks, and that there needed to be black owned banks that black people could patronize. So she wanted to be the person who could create that Bank. So she was already clearly into women's empowerment and the empowerment of black people and building up communities. So the Bank was just part of that. So she started building up her banking and her accounting and her business skills by studying banks that were in Richmond Virginia. She recruited image. Berg the hit tiller from the two or formers Bank, which was the Bank that we talked about earlier the first bite Bank that was chartered in the US. And so after all that happened is she built up her skills and self educated. She opened the Saint Luke penny savings Bank on the first floor of Saint Louis. Call on November second nineteen
"one bank" Discussed on Stuff Mom Never Told You
"So I just want that awareness. You know, just because something is a first doesn't mean that there's not another history behind it this just as notable. Yeah. That's it. Yeah. So do you want to talk about our first our first our first historical today? I I is who. Style like this. And also now I'm going to come up with like my own. I like the first AME to have a podcast with an e y doing and I met with eve. Wow. You're gonna go in history books now for that reason. Now, the other. This. Yeah. Yeah. Let's let's get into it. I'm excited to talk about both of these women. Yes. So our first woman is Maggie l Walker the LS broom, Lena. So I guess I'm gonna just the scene. So at the time when Maggie Lena Walker was alive or just in the beginning. Women didn't have the vote and she was born right off the back of the civil war, essentially. So she was she grew up during the reconstruction era, which is an era when president Lincoln began planning the reconstruction of the south, and so at this time there were many people were enslaved who were newly declared free. So it was a time of major upheaval like essentially, there were things like black codes which were laws that attempted to undermine black people's freedom and people were desperately trying to hold onto that system of slavery at the time, which showed up and things like share cropping, and lynchings and segregationist policies were also really big these. Were Jim crow laws that we're talking about. So but at the same time all of these things are happening. Black people are also becoming more involved in the political process and education was playing a huge role in the way that black people were interacting in the community in churches as what we're a big part of that. So there was it was just a turbulent time, basically. And this was the period that Maggie Walker lived in. And I think it's just really cool in general to think about women's specifically or black people specifically who are making moves in such a transitional period. Really inspiration. Alright. Like, don't forget how inspiring. That's another thing. That's important about context. It's like, wow. Because I'm thinking like, oh, I don't want to put these dishes in the dishwasher today. And I'm like, wait a second Maggie Walker as board right after the civil war ended, and she started a back. You know? So I don't know. Yeah. That's another thing that I like to think about that. They're they're really inspirational will you put them in context. Complain about stupid things like me, all the dishes are not. I mean that is a fair complaint. You're right. Yeah. The first black owned Bank. That was chartered in the United States was a savings Bank of the grand Felton. United order of true reformers, serious name. So you know, it serious and that was founded on March second eighteen eighty eight and it opened on April third eighteen eighty nine. So that was the first black Bank that was chartered. But the first US black on Bank that actually opened was a capital savings Bank and that opened in DC in October eighteen eighty eight. So there were stuff Bruin before Maggie Walker came along. But in one thousand nine three Maggie Lena Walker became the first woman in the US to charter and become the president of a Bank. So she was the first woman period, not just black woman. She was black. But she was the first woman in the US to charter and become the president. And this was in Richmond Virginia. And I say it like that. Because Richmond was once the capital of the confederacy. Yes. And it is also an hour away from. Charlottesville. So, you know, just think about the history of this place where she was opening a Bank. Yeah. Yeah. When I was researching her I saw I found two laws that I thought were really interesting that were active at the time and one of them was apparently in Richmond and probably a lot of other places. But Bridgman you couldn't once you got married. You had to say goodbye to a job. I saw that. What? Right. Oh, man. So she when
"one bank" Discussed on KCBS All News
"Capital One Bank studios in Washington. This is the CBS news weekend roundup. Here's correspondent Steve Dorsey concerns about measles outbreaks across the country with UCLA in California state quarantining hundreds of students and staff to try to avoid measles cases from spreading their the CDC. Now says it's track the most cases of the disease in two thousand when measles was declared a radical in the US. Meanwhile, CBS news chief medical correspondent. Dr John lapook reports soda spike in cases in New York. More than eighty percent of the New York City cases have occurred in Williamsburg, Brooklyn, among unvaccinated members of orthodox Jewish communities. We are really concerned. Dr Anne, shook it is the deputy director of the CDC some of the outbreaks are not yet under control. And so I do expect the numbers to rise. There have been other outbreaks, including Washington state. And this week in Los Angeles County two weeks ago, the New York City health department took the unprecedented step of issuing an emergency order requiring anyone in Williamsburg over the age of six months to receive at least one dose of the measles, mumps, rubella vaccine or have proof. They've already been immunized. I hope parents realize that needles can be serious and making sure their children receive this safe and effective vaccine is important. There's an important concept called her immunity with that means if enough people get immunized that actually protects people who have not been immunized because it stops the virus from spreading effectively. So when parents decide to roll the dice for their own child and not immunized them. They're also rolling the dice for other people for babies who to young people have cancer for people who have weakened immune system and for those two pregnant women, Dr Jon lapook, CBS news, New York up preservative, commonly found in breads and cheeses, according to researchers is also being you. Used in processed foods CBS's Jim Chenevey has more on what it is. And how it could impact your weight. If you're watching your weight,.
"one bank" Discussed on Newsradio 830 WCCO
"From the Capital One Bank studios in Washington. This is the CBS news weekend roundup. Here's correspondent Steve Dorsey. A man has been charged with raping incapacitated woman at a care facility in Phoenix. Here's correspondent Carter Evans. They're selling your here on one count sex assault across Dayton Sutherland appeared in a Phoenix courtroom Wednesday to face charges of sexual assault. In vulnerable adult abuse. Police say the licensed, practical nurse, rape, the patient and got her pregnant she'd been at hacienda healthcare since she was three years old we owed this arrest to the victim we owed this the rest of the newest member of our community that innocent baby police were first alerted in December when a staff member called nine one one one of our pieces. I have no idea she was pregnant ultimately investigators asked for DNA samples from male employees at the facility, including Sutherland did. He cooperate initially when he was asked to give a sample. My understanding is that he gave the DNA sample after he found that there was a court order which compelled him to give that he did not volunteer to give a DNA sample shocked because I knew who the hell this guy was Peritas Sasina who says Sutherland worked overnights moved her daughter from hacienda after she found out about the incident. I didn't notice anything I didn't suspect anything in a statement hacienda. Healthcare officials say Sutherland went through an extensive background check when he was hired. And they added their trouble beyond worse to think that a licensed practical nurse could be capable of seriously. Harming a patient advocates for long term care oversight are calling for action due diligence needs to be done by the facilities as they're hiring staff or needs to be better monitoring. Of staff in terms of making sure that residents are protected. It really does put us all on notice. Police say Sutherland has no prior criminal record. Hacienda says they've increased security the CEO has resigned along with a doctor and another doctor has been suspended and attorney for Sutherland said he pleads not guilty, and he's gonna get his own DNA tests Carter Evans, CBS news, Phoenix, new fallout from the controversy of what appear to be a group of Covington, Kentucky, Catholic high school, boys. Taunting in native American protesters near the Lincoln Memorial last weekend. More from correspondent,.
"one bank" Discussed on KIRO Radio 97.3 FM
"From the Capital One Bank studios in Washington. This is the CBS news weekend roundup. Here's correspondent Steve Dorsey. A man has been charged with raping an incapacitated woman at a care facility in Phoenix. Here's correspondent Carter Evans. You're here on white count. Sex assault across Dayton Sutherland appeared in a Phoenix courtroom Wednesday to face charges of sexual assault. In vulnerable adult abuse. Police say the licensed, practical nurse, rape, the patient and got her pregnant she'd been at hacienda healthcare since she was three years old. We owed this arrest to the victim. We this. The rest of the newest member of our community that innocent baby police were first alerted in December. When a staff member called nine one one one of our patients had no idea she was pregnant ultimately investigators asked for DNA samples from male employees at the facility, including Sutherland did. He cooperate initially when he was asked to give a sample. My understanding is that he gave the DNA sample after he found that there was a court order which compelled him to give that not volunteer to give a DNA sample. I was shocked because I knew who the hell this guy was Carita sina who says Sutherland worked overnights moved her daughter from hacienda after she found out about the incident. I didn't notice anything I didn't suspect anything in a statement hacienda. Healthcare officials say Sutherland went through an extensive background check when he was hired and the added their trouble beyond words to think that a licensed practical nurse could be capable of seriously. Harming a patient advocate. For long term care oversight are calling for action due diligence needs to be done by the facilities as they're hiring staff. There needs to be better monitoring of staff in terms of making sure that residents are protected. It really does put us all on notice. Police say Sutherland has no prior criminal record. Hacienda says they've increased security the CEO has resigned along with a doctor and another doctor has been suspended and attorney for Sutherland said he pleads not guilty, and he's gonna get his own DNA test Carter Evans CBS news, Phoenix new fallout from the controversy of what appear to be a group of Covington, Kentucky, Catholic high school, boys. Taunting native American protesters near the Lincoln Memorial last weekend. More from correspondent David big now..
"one bank" Discussed on Newsradio 950 WWJ
"The Capital One Bank studios in Washington. This is the CBS news weekend roundup. Here's correspondent Steve Dorsey. A man has been charged with raping an incapacitated woman at a care facility in Phoenix. Here's correspondent Carter Evans. Mr. Sutherland you here on white count. Sex assault across Dayton, Sutherland interfered in a Phoenix courtroom Wednesday to face charges of sexual assault. In vulnerable adult abuse. Police say the licensed, practical nurse, rape, the patient and got her pregnant she'd been in hacienda healthcare since she was three years old we owed this arrest to the victim we owed this the rest of the newest member of our community that innocent baby police were first alerted in December when a staff member called nine one one. We had no idea she was pregnant ultimately investigators asked for DNA samples from male employees of the facility, including Sutherland did. He cooperate initially when he was asked to give a sample. My understanding is that he gave the DNA sample after he found that there was a court order which compelled him to give that you get not volunteer to give a DNA sample. I was shocked because I knew who the hell the sky was Carita Sasina who says Sutherland worked overnights moved her daughter from hacienda after she found out about the incident. I didn't notice anything I didn't suspect anything in a statement hacienda. Healthcare officials say Sutherland went through an extensive background check when he was hired. And they added their troubled beyond words to think that a licensed practical nurse could be capable of seriously. Harming a patient advocates for long term care oversight are calling for action due diligence needs to be done by facilities as they're hiring staff or needs to be. Our monitoring of staff in terms of making sure that residents are protected. It really does put us all on notice. Police say Sutherland has no prior criminal record. Hacienda says they've increased security the CEO has resigned along with a doctor and another doctor has been suspended and attorney for Sutherland said he pleads not guilty, and he's going to get his own DNA test Carter Evans CBS news, Phoenix new fallout from the controversy of what appear to be a group of Covington, Kentucky, Catholic high school, boys. Taunting a native American protesters near the Lincoln Memorial last weekend. More from correspondent, he would.
"one bank" Discussed on NewsRadio 1020 KDKA
"Presented by Capital One Bank. I'm Pam Coulter. House Republicans are showing they back President Trump's border wall. They passed a spending Bill to keep the government operating in February. And it includes money for a wall. But it's going nowhere in the Senate. CBS Bill Rakoff has the latest to seventeen and the nays are one eighty five. The motion is adopted the Bill going to the Senate includes five billion dollars for President Trump's wall on the Mexican border. That's a nonstarter. According to Senate, minority leader Chuck Schumer, the bottom line is simple. The Trump temper tantrum will shut down the government, but we will not get him. His wall senators have been told to expect a Bill around midday tomorrow should the Bill pass. It's back to square one ahead of a midnight deadline Bill Rakoff CBS news, Washington. Stocks continue. To slide. The Dow plunged four hundred sixty four points today market analysts Hugh Johnson says the looming shutdown could send more tremors through investors. It's not good for the news for the economy. It's not good news for the earnings of companies and investors see that. And that's why they're selling or they're reducing their exposure to stocks. Just in case. This is a long drawn out. Shut down. Nasdaq fell one hundred and eight points Defense Secretary James Mattis submitted his resignation to the president today and made it clear he disagrees with Mr. Trump's handling of foreign policy. CBS news, political consultant, Leonard Steinhorn tipping point, was the president's decision to withdraw troops from Syria a decision he made apparently without input from General Mattis, and you have to imagine that General Mattis was not at all happy about that in his resignation letter. Mattis said he and the president do not agree on treating US allies with respect and advancing an international order CBS news confirms the presence. Also withdrawing troops from Afghanistan. Cbs's David Martin at the Pentagon. The Pentagon has been ordered five White House to begin planning for the withdrawal of seven thousand of the roughly fourteen thousand US troops, really Afghanistan. So roughly cut the number of troops.
"one bank" Discussed on NewsRadio 1080 KRLD
"Capital. One Bank USA. I'll say this. I have never had the Joe pack show. I've never ever ever never in my life Kerry. I've never ever heard anything Cardi B has done. I don't think I have either the polo you DJ. You are the by the way, he's booking holiday events right now. Cardi B. Yes. When it comes to music. Today's music is good. She's not good. You like her? She's requested a lot or she is the social media star. Now. Now, she she's pretty big piece pretty big right now. Because I mean, Cardi B farts, she's the top trend on Twitter, right? Why is that who she's really is a big deal other big hits that she's done? Yeah. Singer is she a rapper wishy? She's a rapper. She actually there's there's a song that are used for the show. That's a Bruno Mars song. But she was I gonna go. Shopping or singing, she's wrapping. And then she's done suffered with maroon five and just a bunch of other people as well. So she she's pretty big Cardi B gives a look to Nicki Minaj, and it's the top trend Cardi B yesterday announced that she's divorcing her husband. Right. Hop trend. Today released the first picture of her baby culture with a K, and it's the top trend on Twitter and has been for a couple of hours. She's learned has she she because she didn't have one hundred million followers like some of these people. Right. But she has learned to own Twitter, hasn't she? Yeah. But I think it's also has to do with the fact was how she started. I think she was on one of those reality shows, and then that's how she became famous and then from there, she got her record deal. She was an aspiring rapper but in all sorted out. From like one of those reality shows. So she's really we know what show. I don't know if it was one of those I love and hip, hop or. Yeah. There's there's all these other shows se it wasn't like a real housewives show or anything like that. But it was one of those kind of shows. So so have you found the proper pronunciation of is that what this is? This is true as a joke. Is a joke. Don't play it. Don't play. Oh, yeah. It's a matter with you got to put it on the air. I asked looking hard and this one just really caught my attention. All right. So there you go. All right. Yeah. So Cardi again, I'm not being negative and Cardi B. I don't know her. I'm not familiar with their music. I'll check some of the internet's last time. I checked you've probably. She's the Queen policies the Queen of social media right now. Yeah. And she's pretty smart. It's pretty smart to do what she did. What did she do? She because she she announced that she was getting divorced from her husband would they just got married in September. And then I guess it kinda shift the focus. She put up that picture of her kid because she hadn't shown anybody. Yeah. Now that is smart. So there's always going to be live. And we still love each other whatever I mean, and that's the right way to do it. But man, that's yeah. But but it's also because right. There's also been comments coming out about him cheating on her. So I think that's part of why she shifting the focus. And again like you said, it's very smart, and I'm not knocking hurt. All man to dominate Twitter is very hard to do. And she does it anytime. She tweets something at again, she doesn't have the kind of following like like, you know, lady Gaga and Selena Gomez have tens of millions of followers. I don't think she does. Now, let me see she has. She's got four million. That's a lot. Don't don't misunderstand me. That's a ton. But that's like less than ten percent. It's like five percent. This is awesome. Years though, you know, what I mean where where I was really name. So she sort of came out of nowhere. Yeah. Yeah. Well, good for her being critical. I actually am very impressed. It's edited eight nine four one pags joepags dot com. Let me remind you about SuperBeets taken out of nitrogen bonded with.
"one bank" Discussed on KNX 1070 NEWSRADIO
"Presented by Capital One Bank and Allison keys in paradise California. The community has gathering four vigil today in the city all but a radical by the most deadly wildfire in the nation and a hundred years at least seventy nine people have died statewide and searchers are combing the wreckage for more than twelve hundred reported missing in the northern part of the state, President Trump visited yesterday and blamed land management for the fires, but California governor Jerry Brown tells CBS has face the nation. He is certainly issue is climate change. I've read specifically peer reviewed scientific articles say that the amount of land bird in California over the last fifteen years has doubled because of climate change as the President Trump. I certainly raised it. But I didn't feel that that was where we needed to go. We need the money we need federal help. And we need a collaborative and cooperative spirit. And we're getting there. No, high winds are expected today. But heavy rains are expected this week that could cause flooding and mudslides. There are official results now in the hotly. Contested Florida's Senate race CBS's Peter King joins us live with more peo-. Alison, this has been the most expensive most contentious in the closest Senate race in Florida's history. And it looks like it's finally over. It's been two hours since the deadline for a hand recount results. Show Republican Rick Scott leading incumbent Democrat Bill Nelson by just over ten thousand votes that makes Scott the unofficial winner for now. Scotts repeatedly called on Nelson to concede Nelson's campaign says he'll make a statement in an hour presumably to do that likely end of political career that began in nineteen seventy two. The winner will be officially certified Tuesday. Allison, President Trump says he won't get involved his pick for acting attorney general Matt Whitaker wants to curtail special counsel, Robert Muller's Russia probe. He tells FOX he didn't realize Whitaker had been critical of Muller's investigation. I did not know that I did not know he took. News on the Mueller investigation. As Democrats have worried that using Whitaker would allow the president to end Muller's probe into Russian interference in the twenty sixteen presidential election the contentious race for governor in Georgia's finally over the state, certified the results of the November six election and Republican Brian Kemp defeated Democrats Stacey Abrams end the race. She tells CNN I'm going to spend the next year as a private citizen, but I do indeed intend to run for office. Again. I'm not sure for what? And I am not exactly certain when I need to take a nap. But once I do I'm planning to get back into the cave rooms who was trying to become the nation's first black female governor refused to formally conceived to Kemp who oversaw the election while holding the office of secretary of state despite repeated calls to step aside. This.