This week on Open Sources Guelph we’re going to run on the bank like it’s 1929! We shouldn’t joke, people’s livelihoods are at stake, but we’re once again seeing high-risk banking causing big problems, and that’s one of things that we’re going to be talking about on this week’s show. In other news, we will talk about the Canadian government’s face-off with Facebook, and to mark the COVID-19 pandemic’s third birthday, we’re joined by the woman atop our public health planning.
This Thursday, March 16, at 5 pm, Scotty Hertz and Adam A. Donaldson will discuss:
Bank the Kool-Aid. Last Thursday, clients of the Silicon Valley Bank, reacting to some scary sounding scuttlebutt, tried to withdraw about $40 billion in assets at the same time. You might understandably start having some flashbacks to the financial crisis of 2008, but this time the circumstances are different in terms of impact even though they’re still kind of the same in the fine print. Once again, bankers are behaving badly and we will talk about why the more things change, the more they stay the same.
Greed ‘Book. There’s legislation presently in the Senate that will make social media companies like Meta, which owns Facebook, and Alphabet, which owns Google, give some of their profits to Canadian news outlets who’s advertising income has been gutted by these companies. But neither Meta nor Alphabet are taking that lying down and are threatening to no longer carry Canadian news on their platform. So who’s going to blink in this multi-million dollar Mexican stand-off?
Open Sources is live on CFRU 93.3 fm and cfru.ca at 5 pm on Thursday.
Photo Courtesy of Nathan Frandino from Reuters.