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News From the Control Tower - 3/30/2023 Thumbnail

News From the Control Tower - 3/30/2023

News from the Control Tower: Our weekly curated list of news stories affecting you and your finances.

--Amanda Vaught

A current running through all of the news stories this week is how people and organizations may benefit from a shift in thinking. A great illustration of this mental shift appears in the Guest Essay in The New York Times this week, written by a man who found his gradual blindness exhilarating once he embraced his condition.

A nationwide GOP push to ban ESG considerations is causing some local Republicans to question the purported benefits of these bills in light of their immense costs. Meanwhile, in the publishing world, celebrity authors got caught up in a plagiarism scandal. They want the general public to think they wrote their books, but then want to disclaim responsibility once their ghostwriter is caught plagiarizing.

Finally, many argue that the financial world could use their own shift in thinking in light of the recent bank collapses.

1.       I Am Going Blind, and I Now Find It Strangely Exhilarating

2.       Money Managers Raise Alarms Over Anti-ESG Crusade in GOP States

Pension managers and fiscal watchdogs are raising alarms, and lawmakers are listening.

3.       Giving Up the Ghostwriter

For over a decade, Kristin Loberg has quietly co-authored a long list of bestselling books for medical superstars like David Agus and Sanjay Gupta. Now she’s embroiled in a growing plagiarism scandal that has her celebrity clients worried sick.

4.       A Rapid-Finance World Must Ready for a Slow-Motion Banking Crisis

Though the Fed and FDIC have stopped contagion from SVB for now, smaller banks could face pressure for years to come.

5.       The initial banking crisis is easing. Another may be around the corner.

Commercial real estate could become a problem for midsize banks.