Wisconsin
SVB collapse: Wisconsin Bankers Association stresses system is safe
MILWAUKEE – Depositors withdrew financial savings, and buyers broadly offered off financial institution shares because the federal authorities raced to reassure People that the banking system is safe following two financial institution failures.
President Joe Biden insisted Monday that the system is protected after the second- and third-largest financial institution failures within the nation’s historical past occurred within the span of 48 hours. In response to the disaster, regulators assured all deposits on the two banks. In addition they created a program that successfully threw a lifeline to different banks to defend them from a run on deposits.
The president and CEO of the Wisconsin Bankers Affiliation stated Wisconsin banks are protected.
All of it comes right down to what the banks do together with your cash.
When Silicon Valley Financial institution’s shoppers got here for his or her money, the financial institution did not have it as a result of one important funding failed. Rose Oswald Poels, president and CEO of the Wisconsin Bankers Affiliation, stated that is now how they do enterprise right here.
“Like all banks, Silicon Valley Financial institution will get cash from depositors after which invests these monies,” stated Roberto Robatto, College of Wisconsin professor.
David Paul Morris/Bloomberg by way of Getty Photos
Robatto stated whether or not massive or small, your deposits do not simply sit within the financial institution.
“A few of that, it retains in money,” stated Robatto. “A few of that, it makes loans or invests in different long-term investments.”
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Robatto stated Silicon Valley Financial institution did the latter. They took their clients’ deposits and invested billions in long-term securities and different bonds, so when their shoppers, largely tech start-ups, got here in want of money to take care of inflation, the financial institution did not have it.
“You already know, it is at all times scary when a financial institution failure occurs, no matter who it’s and the place it’s,” stated Oswald Poels.
David Paul Morris/Bloomberg by way of Getty Photos
She stated our state’s banks do a greater job of diversifying their belongings.
“They make loans to all kinds of companies throughout many various sectors, in order that they’re very numerous in that sense, and their deposits base additionally comes from quite a lot of core deposits, which suggests individuals proper of their markets who deposit with the financial institution,” stated Oswald Poels.
In flip, it helps defend the financial institution as an entire, which is why she says Wisconsinities ought to think about their banks.
“The banking system as an entire may be very robust and assured, and folks needs to be assured that their cash is protected in a financial institution,” stated Oswald Poels.
(Photograph by Nikolas Liepins/Anadolu Company by way of Getty Photos)
The FDIC and Federal Reserve introduced Sunday they’d assure all deposits at Silicon Valley Financial institution, not simply these underneath $250,000. Had that not occurred, Robatto stated the injury might’ve been a lot worse.
Oswald Poels stated this can be a good alternative for everybody to talk with their native banker about FDIC protections in your account.
Wisconsin
Where to watch Wisconsin vs Minnesota football streaming free today; TV channel, spread, game odds
Two plucky Big Ten teams square off when the Wisconsin Badgers take on the Minnesota Golden Gophers in what should make for an interesting matchup during Week 14 of the 2024 college football season. This game kicks off at 9 a.m. PT/12:30 p.m. ET (11:30 a.m. CT) on Friday, November 29 with a live broadcast on CBS, and streaming live on demand for free.
• WATCH: Minnesota vs. Wisconsin football live for free with Fubo (free trial), or see it streaming free on Paramount+ (free trial), or see even more streaming options below.
What TV channel is the Wisconsin vs. Minnesota football game on today?
When: Kickoff takes place at 9 a.m. PT/12:30 p.m. ET (11:30 a.m. CT) on Friday, November 29.
Where: Camp Randall Stadium, Madison, WI
TV Channel: CBS, or streaming on demand with Paramount Plus.
How to watch streaming live: The best way to watch this game for free is by streaming it on Paramount+ (free trial, then only $7.99/month) which will have massive Big Ten football games streaming each week. If you don’t have cable, you can still watch this game live for FREE with Fubo (free trial) or with DirecTV Stream (free trial). If you already have cable, you can also watch this game live on CBS Sports with your cable or satellite provider login information.
You can find out more about which channel CBS is on in your area by using the channel finders here: Comcast Xfinity, DIRECTV, Dish, Verizon Fios, Spectrum/Charter, Optimum/Altice.
Wisconsin vs. Minnesota spread, betting odds
Point spread: WIS: -2 | MIN: +2
Over/Under: 43.5
- Get promo codes, signup deals and free bets from our Oregon Betting News home page.
Menomonie, Wis. — A murky day for turkey day. In this part of western Wisconsin, “murky” is an understatement.
A narrow band of snow quickly dropped three inches on drivers — even sending a semi sliding into a ditch.
The National Weather Service says it’s likely because of a glass manufacturing company near Menomonie.
“That steam rises into the deck of clouds that are above it, and the steam acts as little particles that the water droplets can latch onto and create snow crystals” said Meteorologist Caleb Grunzke of the National Weather Service. “Everything came together perfectly for several inches of snow and major traffic problems.”
The Wisconsin State Patrol reported 16 crashes in a 5 hour span, including a six-car pile-up.
“We kind of drove in and out of the snow very dramatically” said Dave Erickson, who was making the trip back to the Twin Cities from Milwaukee.
“Drive safe, happy Thanksgiving” Erickson added.
See Milwaukee’s Christmas tree being harvested, delivered and set up
Milwaukee’s Public Works harvested a 64-ft Colorado blue spruce donated by the Yeager Family. The tree was delivered to the plaza outside of Fiserv Forum to serve as the City’s Christmas tree.
Need a Christmas tree now that Thanksgiving is over? Well, look no further than Wisconsin’s public forests.
Many state forests allow you to cut down a tree for personal use — provided you have a permit and follow a few rules.
Here’s how to avoid the naughty list at the Wisconsin Department of Natural Resources.
Where are the public forests?
Trees can be cut down in the Brule River, Flambeau River, Governor Earl Peshtigo River, Governor Knowles and Northern Highland-American Legion state forests.
Brule River State Forest in Douglas County is home to a lot of balsam fir, a Christmas-tree favorite with its short needles that last long and smell great. Evergreens in this forest also include white pine and white spruce. Mound ranger station, W10325 Highway 12, (715) 284-4103.
Flambeau River State Forest, Winter: Look for white and black spruce, red and white pine, and balsam fir at this forest in Sawyer and Rusk counties just south of the CNNF. W1613 County Road W, Winter, (715) 332-5271.
Governor Earl Peshtigo River, Crivitz: Red, white and jack pines are the predominate evergreens in this forest in Marinette and Oconto counties in northeastern Wisconsin. N10008 Paust Lane, Crivitz, 715-757-3965
Governor Knowles State Forest, Grantsburg: Find jack, white and red pines in this forest along the St. Croix River in northwestern Wisconsin. 325 Highway 70, Grantsburg, (715) 463-2898.
Northern Highland-American Legion State Forest, Woodruff: Permits for this forest allow you to harvest a balsam fir, but not within sight of a public road, trail or body of water. Permits are available at the Clear Lake Visitor Station, 8282 Woodruff Road, Woodruff, (715) 356-3668; and the Crystal Lake Visitor Station, 3237 Crystal Lake Road, Boulder Junction, (715) 542-3923.
Holiday tree cutting is not offered at other DNR properties. However, some county forests allow non-commercial harvest of holiday trees, as does the Chequamegon-Nicolet National Forest. Contact the forest where you’d like to cut a holiday tree before venturing out so that you know harvesting guidelines.
How much is a permit?
Purchase a permit at the headquarters of each forest. The price may vary slightly from property to property, but the average cost is $5 per tree.
Where can I cut a tree down?
Harvesting is prohibited within 100 feet or visual distance of roads, trails and water, and there is no harvesting from campgrounds or recreation areas, according to the DNR.
Trees must be cut at ground level with a maximum height of 30 feet. Trees taken from state forests cannot be resold.
Check the spongy moth map
Check the spongy moth quarantine map maintained by the Wisconsin Department of Agriculture, Trade and Consumer Protection to ensure you don’t travel with your tree out of the quarantined area. The area prohibits items from being shipped that could have the insect or its eggs.
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