Plus, funding one of America’s most successful foreign policy programs, and empowering Nepalese girls.
| 3 cheers for normal bank failure In October, First National Bank of Lindsay based in Oklahoma failed. It is the first bank to fail with uninsured depositors taking losses since the most recent cycle of bailouts began with Silicon Valley Bank in March 2023. The incident showed that a small bank can fail—and uninsured depositors can lose money—without a financial panic ensuing. “Bank failure is a natural, normal, and healthy part of capitalism,” writes Aaron Klein. He explains what happened with Lindsay Bank and why those who defend every bailout as necessary should take notice. |
More research and commentary An argument for PEPFAR. The U.S. President’s Emergency Relief Plan for AIDS Relief (PEPFAR) is one of the most successful foreign policy programs in the nation’s history. However, very few people have heard of it and its funding is on shaky ground. Belinda Archibong outlines three key reasons to fund PEPFAR. Empowering Nepalese girls. In Nepal, many adolescent girls lack autonomy and decisionmaking power over issues such as marriage and pregnancy, directly impacting their sexual and reproductive health and rights (SRHR). Echidna Global Scholar Sudha Ghimire discusses how to address harmful societal norms, spread awareness of SRHR, and strengthen girls’ agency. |
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