Management Error News Today

production. alaska republican senator is here to weigh in. >> i think a lot of us were panicking. were trying to get through it and open different bank accounts quickly. >> am i nervous? no. it is backed, secured, the government is doing the right thing. >> im shocked it happened. im devastated it happened, because svb was the heart of the ecosystem for the technology and venture company world. >> president biden says americans should feel confident in the state of the economy, but inf...

without power and commuters facing a travel nightmare. >> i think people thought that w winter was going to be done and over with and now were getting hit. >> this is new england it is about time >> well, on the west, more catastrophic flooding in the forecast in the wake of weeks of unrelenting rain thousands now under evacuation orders, rescue teams already deployed to save people trapped in those deadly floodwaters. were timing out both of these systems. and the gloves are off for...

Are eluding to the comments that theyre having struggles. so are we looking at a big problem for the u.s. banking system? or is this concentrated in some of these regional banks? how do you see it? >> it is certainly more likely the latter, if it is even that big. so far we know that the silicon valley bank problem is a huge management error. they failed to manage the interest rate risk. and it was modelled on one type of customer and they ran into trouble at the same time and wanted their money...

Fistefist sophisticated hedge funds saw it, they took their money out. the previous largest bank run was $16 billion and took ten days this was money flowing out over a million dollars a second because they knew the bank was in trouble and that transparency was in the end what they could not escape it is very different than 2008 big management errors, there is an open question which the fed is trying to to address. this is an econ 101 mistake and it shouldnt have happened both on the supervision...

The winter storm that disrupted thousands of travel plans over the weekend has created an epic pile-on of flight cancellations for Southwest Airlines, leaving thousands of families stranded, with some waiting for days to fly back home.

Way because something went wrong here. this is not what you would expect in the normal drilling procedures. i think well see executives tomorrow testifying as to the robustness, as to the thoroughness of everything from well design to process execution when they testify in congress. this looks like all of the human factor issues that you would have in a plane crash, where too many poorly made decisions resulted in this catastrophe. >> well, they admit like we do in airplane crashes after they cr...

An roach the rez has done with tony hayward? why doesnt he grab the guy? why doesnt he call him up why doesnt he say he wont call him because he wont talk the truth to me? why wont he talk to hayward? why isnt hayward definitely on the dance card this week when the executives come over? >> well, i think from the very beginning the president wanted to distance himself from this whole process. now he cant. now hes in the middle of it. i think what were seeing is a bit of the inexperience as a pres...

And theyre going to have to deal with the consequences of it in an honest and transparent way. something went wrong here. this is not what you would expect in the normal drilling procedures. i think well see executives tomorrow testifying as to the o robustness, as to the thoroughness of everything from well designed to processed execution when they testify in congress. this looks like all of the human factor issues that you would have in a plane crash, where too many poorly made decisions resul...

Deal with the consequences of it in an honest and transparent way. because something went wrong here. this is not what you would expect in the normal drilling procedures. i think well see executives tomorrow testifying as to the robustness, as to the thoroughness of everything from well designed to process execution when they testify in congress. this looks like all of the human factor issues that you would have in a plane crash, where too many poorly made decisions resulted in this catastrophe....

Responsibility for management error, or management shortcuts? are they going to blame it on their equipment? you know the expression, its the poor workman who blames the hurt tools. are they going to blame their tools? >> i think theyre going to have to participate in a totally transparent investigatory process for both civil and potential criminal reasons, where they had better be open kimona. theres no advantage to try to keep something secret or hidden. we have to get to the bottom of this. t...