Episode 123

Trump Indictment?, Banks, Arkansas Youth Labor Laws

Ravi, Rikki, and Joe jump into the fray on the rumored indictment of former President Donald Trump over his reported involvement with a $130,000 payment to porn star Stormy Daniels. Then the trio turns to the aftermath of Silicon Valley Bank’s implosion from last week, and the economic ricocheting that killed Signature Bank, cratered First Republic Bank’s stock, and forced Credit Suisse to sell to UBS. Finally, we look at Arkansas’ new youth hiring bill, which no longer requires 14-and-15-year-olds to obtain work permits before starting a job.


Trump Indictment? [02:34]

New Manhattan DA on Why He Won’t Recuse Himself from the Trump Investigation (Lost Debate, 11/11/21)
Donald Trump could be charged any day – what happens next? (Reuters, 3/20/23)
Timeline: Donald Trump, Stormy Daniels and the $130,000 payment to buy her silence (CBS News, 3/20/23)
Trump claims he will be arrested Tuesday, calls for protests (ABC News, 3/19/23)
McCarthy calls for no protests or violence over potential Trump arrest (The Hill, 3/19/23)
Pence says prospect of Trump arrest is ‘a politically charged prosecution’ (ABC News, 3/18/23)
Trump indictment could land as early as Monday, sending law enforcement scrambling (Politico, 3/20/23)
The prosecutor, the ex-president and the ‘zombie’ case that came back to life (Washington Post, 3/17/23)
The First Case Against Trump Is … This? (New York Magazine, 3/19/23)
FEC First General Counsel’s Report (FEC, 12/20)
FEC commissioners Sean J. Cooksey and James E. “Trey” Trainor III statement for case dismissal (FEC, 4/26/21)
FEC Chair Shana M. Broussard and Commissioner Ellen L. Weintraub statement (FEC, 5/6/21)
New York State Penal Law Article 175 Falsifying Business Records (New York State Penal Law)
USA v. Michael Cohen sentencing memoranda (SDNY, 12/07/18)
A growing share of Republicans see Trump’s 2016 hush money payment as a serious issue (YouGovAmerica, 3/16/23)
Donald Trump Must Be Prosecuted (The New York Times, 3/15/23)
Those payments to women were unseemly. That doesn’t mean they were illegal. (Washington Post, 4/22/18)
New York Arrest Would Be a Gift for Trump (Reason, Elizabeth Nolan Brown, 3/20/23)
Pence says an arrest of Trump would be a ‘politically charged prosecution’ (New York Post, Mark Moore, 3/19/23)
Trump accuses Manhattan DA Alvin Bragg of ‘prosecutorial misconduct’ (New York Post, Mark Moore, 3/19/23)
Get ready for Manhattan DA’s made-for-TV Trump prosecution: high on ratings, but short on the law (The Hill, 3/18/23)
Former presidential candidate John Edwards was accused of funneling nearly $1 million in donor contributions to support his pregnant mistress and criminally charged with a campaign finance violation. Here’s how the case played out. (Insider, 3/19/23)
F.E.C. Drops Case Reviewing Trump Hush-Money Payments to Women (The New York Times, 4/6/21)
2 Prosecutors Leading N.Y. Trump Inquiry Resign, Clouding Case’s Future (The New York Times, 2/23/23)
Prosecution Function (American Bar Associtiaton)
FEC fines Clinton campaign, DNC for misreporting Trump dossier funding (Axios, 3/20/22)
New York City Is a Lot Safer Than Small-Town America (Washington Post, 6/8/22)

Banks [25:15]

The Banking Crisis: A Timeline of Silicon Valley Bank’s Collapse and Other Key Events (Wall Street Journal, 3/19/23)
Bank Runs, Crypto Concerns and Takeovers: A Timeline of the Panic (The New York Times, 3/16/23)
Banking Turmoil: What We Know (The New York Times, 3/15/23)
Global banking crisis: What just happened? (CNN, 3/20/23)
Three and a Half Myths About the Bank Bailouts (The New York Times, 3/16/23)
Was This a Bailout? Skeptics Descend on Silicon Valley Bank Response. (The New York Times, 3/13/23)
Is this a bailout? (Vox, 3/13/23)
After two historic US bank failures, here’s what comes next (AP, 3/13/23)
How this financial crisis is different from 2008 (Axios, 3/20/23)
How deep is the rot in America’s banking industry? (The Economist, 3/16/23)
SVB employees blame remote work for bank failure (Axios, 3/17/23)
SVB Financial Files for Chapter 11 Bankruptcy Protection (Wall Street Journal, 3/17/23)
Silicon Valley Bank’s former parent files for Chapter 11 (Axios, 3/17/23)
Parent Company of Silicon Valley Bank Files for Bankruptcy (The New York Times, 3/17/23)
SVB Financial files for bankruptcy protection (Yahoo Finance, 3/17/23)
Who Is Really to Blame for SVB and the Banking Crisis (Time, 3/16/23)
The Swiss call time on Credit Suisse (Morning Brew, 3/19/23)
UBS Agrees to Buy Credit Suisse for More Than $3 Billion (Wall Street Journal, 3/19/23)
Curing Credit Suisse Should Contain the Chaos (The Washington Post, 3/19/23)
Biden vows new bank rules after SVB collapse, cites Trump rollback (Reuters, 3/13/23)
The Collapse Of Major US Banks Leads To Bills Calling For More Regulation (Civil Beat, 3/20/23)
Bailouts Should Not Be the Norm (Reason, 3/14/23)
Everyone Is Learning the Wrong Lessons From the Silicon Valley Bank Collapse (Reason, 3/13/23)
How the Fed Broke Silicon Valley Bank (Reason, 3/13/23)
Behind the Bailout: Here’s How the Fed’s Bank Term Funding Program Works (Barron’s, 3/13/23)
Credit Suisse’s takeover causes turmoil in a $275bn bond market (The Economist, 3/20/23)
Monetary Tightening and U.S. Bank Fragility in 2023: Mark-to-Market Losses and Uninsured Depositor Runs? (SSRN, 3/13/23)

Arkansas Youth Labor Law [43:42]

Arkansas Gov. Sanders signs a law that makes it easier to employ children (NPR, 3/10/23)
Lawmakers target child labor laws to ease worker shortage (Axios, 3/14/23)
What changes under Arkansas’ loosened child labor law (Axios, 3/13/23)
Critics Lose Their Mind as Arkansas Makes It a Bit Easier for Teens To Work (Reason, 3/15/23)
Alone and Exploited, Migrant Children Work Brutal Jobs Across the U.S. (The New York Times, 2/28/23)
Federal Rules for Young Workers (U.S. Department of Labor)
US job openings stay elevated as labor market remains tight (Reuters, 3/9/23)
Should CT lower working age to address workforce shortage? One lawmaker thinks so (Hartford Business, 2/15/23)
Bill extending child work hours passes Ohio Senate (Ohio Capital Journal, 3/10/23)
Child labor laws are under attack in states across the country (Economic Policy Institute, 3/14/23)
Biden Administration Plans Crackdown on Migrant Child Labor (The New York Times, 2/21/23)
More than 100 Children Illegally Employed in Hazardous Jobs, Federal Investigation Finds; Food Sanitation Contractor Pays $1.5 Million in Penalties (U.S. Department of Labor, 2/17/23)
Company fined $1.5 million for hiring children to clean meatpacking plants (Axios, 2/17/23)
Child labor: What are the health and social implications? (Baylor College of Medicine, 10/19/21)
Departments of Labor, Health and Human Services Announce New Efforts to Combat Exploitative Child Labor (U.S. Department of Labor, 2/27/23)
Alone and Exploited, Migrant Children Work Brutal Jobs Across the U.S. (The New York Times, 2/28/23)
High schoolers working is a key to upward mobility. Arkansas is making that easier (Washington Examiner, 3/9/23)
Child labor protections are the latest Republican target (Vox, 3/12/23)
Arkansas HB1410 an Act to Revise the Child Labor Laws; to Create the “Youth Hiring Act of 2023” (State of Arkansas, 2/20/23)