Banking crisis isn't over yet

+ putting a lens on 'pantry porn' US Edition - Today's top story: Why SVB and Signature Bank failed so fast – and the US banking crisis isn't over yet [View in browser]( US Edition | 14 March 2023 [The Conversation] [The Conversation]( The fall of Silicon Valley Bank – the 16th-largest U.S. lender – was remarkably swift, and it was followed in quick succession by the collapse of New York-based Signature Bank. To stem the panic, regulators took over both financial institutions in what amounted to the second- and third-biggest bank failures in U.S. history. But why did they fail so quickly at a time when the overall banking industry is sitting on record amounts of cash? It boils down to two risks that every lender faces to some degree – interest rates and liquidity. Put together, they [sparked a textbook run on both banks](, explains Vidhura S. Tennekoon, an economist at Indiana University. And while the government’s efforts to shore up the financial system will surely help, the banking crisis they began is far from over, Tennekoon writes. Also today: - [Why a little media mistrust isn’t always such a bad thing]( - [On Pi Day, a shoutout to some other magic numbers]( - [Using free satellite data to keep tabs on climate change]( Bryan Keogh Deputy Managing Editor and Senior Editor of Economy and Business Signature Bank collapsed at lightning speed. AP Photo/Yuki Iwamura [Why SVB and Signature Bank failed so fast – and the US banking crisis isn’t over yet]( Vidhura S. Tennekoon, Indiana University Lender face a lot of risks, but two of them – interest rate and liquidity – were the main drivers of the sudden and rapid failure of Silicon Valley Bank and Signature Bank. That’s why more trouble may be ahead for the banking sector. Environment + Energy - [Why rain on snow in the California mountains worries scientists]( Keith Musselman, University of Colorado Boulder Another atmospheric river is hitting the state, raising flood risks as rain falls on deep snowpack. Rain on snow is also a growing problem as the planet warms. - [How to use free satellite data to monitor natural disasters and environmental changes]( Qiusheng Wu, University of Tennessee Time-lapse animations that once took days to create are now easy to build with publicly available satellite images and free online tools. - [Climate change threatens spring wildflowers by speeding up the time when trees leaf out above them]( Richard B. Primack, Boston University; Benjamin R. Lee, University of Pittsburgh; Tara K. Miller, Boston University Many beloved wildflowers bloom in early spring, while trees are still bare and the flowers have access to sunlight. Climate change is throwing trees and wildflowers out of sync. Arts + Culture - [‘Pantry porn’ on TikTok and Instagram makes obsessively organized kitchens a new status symbol]( Jenna Drenten, Loyola University Chicago Maybe you can’t have a designer kitchen. But you can still beautify your bulk food storage. Science + Technology - [Pi gets all the fanfare, but other numbers also deserve their own math holidays]( Manil Suri, University of Maryland, Baltimore County Pi gets a lot of attention this time of year, but there are plenty of other mathematical constants just as deserving of recognition. - [The earliest modern humans in Europe mastered bow-and-arrow technology 54,000 years ago]( Laure Metz, Aix-Marseille Université (AMU); Jason E. Lewis, Stony Brook University (The State University of New York); Ludovic Slimak, Université Toulouse – Jean Jaurès In 2022 we detailed the discovery of 1,500 stone points in France’s Madrin cave. Experiments now show that they could have been used as arrowheads, pushing back evidence of archery in Eurasia by 40,000 years. Politics + Society - [Don’t trust the news media? That’s good]( Michael J. Socolow, University of Maine Journalism has been fodder for politicians’ contempt for generations. A huge percentage of the public doesn’t trust the news media either. That mistrust isn’t a bad thing in a democracy. - [Jimmy Carter’s African legacy: peacemaker, negotiator and defender of rights]( Nancy Mitchell, North Carolina State University Carter’s work in Zimbabwe forms a significant and under appreciated part of his legacy Health + Medicine - [Health care workers are frazzled – and poor sleep may turn stress into poor mental health]( Yuan Zhang, UMass Lowell Disturbed sleep can worsen depressive symptoms of health care workers whose jobs come with high levels of emotional labor and work-family conflict. Ethics + Religion - [Nazi orders for Jews to wear a star were hateful, but far from unique – a historian traces the long history of antisemitic badges]( Flora Cassen, Washington University in St Louis Badges and other wearable markings had a long history of being used to target Jewish people in Europe. From our international editions - [Saudi-Iran deal won’t bring peace to the Middle East but will enhance China’s role as power broker]( - [Costa Titch: the rising white South African rap star who embraced black hip-hop culture]( - [Futurists predict a point where humans and machines become one. But will we see it coming?]( Today's graphic [A chart showing CD sales in the US from 1984 to 2022. The numbers are adjusted for inflation.]( From the story, [Vinyl record sales keep spinning and spinning – with no end in sight]( - - More of The Conversation Like this newsletter? 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