Weekly News Bites #010 | Red Flag laws, $5 million for every eligible black adult & Yellen says no bailout for you.

Biden signed an EO to expand the utilization of red flag laws, San Francisco proposes $5 million for every eligible black adult in reparations, and Yellen said no more depositor bailouts.

Hi friend!

It’s FRIDAY, Mar. 17! YAY

Some of the stories this week!

• On Tuesday, President Biden signed an executive order to increase the number of background checks and expand the utilization of "red flag" laws.

• The state has taken over the largest school district in Texas, Houston Independent School District (HISD).

• During a Senate Finance Committee hearing, Treasury Secretary Janet Yellen admitted that the FDIC and Federal Reserve might not guarantee large deposits at small community banks as they did for SVB.

• Two Russian fighter jets force a U.S. drone to crash into the Black Sea over international airspace.

• Chinese President Xi Jinping is set to visit Russia next week in a show of support for his "best friend" Vladimir Putin.

• Gwyneth Paltrow's “wellness routine” goes viral.

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