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Your Friday Briefing: A private-sector bank bailout
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March 17, 2023
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By
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Natasha Frost
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Writer, Briefings
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Good morning. We’re covering a private-sector bailout for First Republic Bank, and Emmanuel Macron’s pension plan.
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Shares of First Republic Bank have cratered in recent days, prompting big banks, with the backing of regulators, to step in with an unusual plan.
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Casey Steffens for The New York Times
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A private-sector bank rescue mission
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<p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">
Eleven U.S. banks
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
came together yesterday
</a>
to inject $30 billion into First Republic Bank, a smaller peer on the brink of collapse after the implosion of Silicon Valley Bank last week. The arrangement, in which each will deposit at least $1 billion into First Republic, is meant as a show of support and a signal that the San Francisco lender’s woes do not reflect deeper trouble.
</p>
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<p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">
The arrangement was without precedent in decades, and an indication of how dire the banking sector’s predicament had become within a week. With their echoes of the 2008 financial crisis, the collapses of Silicon Valley Bank on Friday and Signature Bank on Sunday set off a panic that appears unlikely to subside immediately.
</p>
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<p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">
Shares of First Republic, which had lost three-quarters of their value in recent days, rallied on the announcement. But numerous other bank stocks continued to be pummeled. The banking sector has also been under pressure as a result of trouble at Credit Suisse, which was fighting for its life before Switzerland’s central bank stepped in to provide a backstop.
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<p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-weight:700;font-size:inherit">
Details:
</span>
Four of the country’s biggest banks — JPMorgan Chase, Bank of America, Citigroup and Wells Fargo — agreed to contribute $5 billion each. Goldman Sachs and Morgan Stanley will contribute $2.5 billion each.
</p>
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<p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-weight:700;font-size:inherit">
Europe:
</span>
The European Central Bank
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
raised interest rates
</a>
by half a percentage point to 3 percent, the highest since October 2008, sticking to its inflation-fighting plan.
</p>
</td>
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</tbody>
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</tbody>
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<td align="center" style="width:100%;padding:0;line-height:1;text-align:center" width="100%">
<img class="css-17i7zb3" src="https://inboxflows.com/_/image/https%253A%252F%252Fstatic01.nyt.com%252Fimages%252F2023%252F03%252F17%252Fmultimedia%252F17AM-brf-euro-France-mzwf%252F17AM-brf-euro-France-mzwf-articleLarge.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzdGF0aWMwMS5ueSJ9:1pd2DC:CsR5ZnawnCNxNfNfBNTSH_ktCeRfXvpfMIgCGkqTu2U" style="width:83%;max-width:500px;display:inline-block;height:auto;padding-top:15px;padding-bottom:0;line-height:0"/>
</td>
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<tr>
<td align="center" style="text-align:center;width:100%;padding-top:6px;padding-bottom:20px;line-height:12px" width="100%">
<span class="css-14c9rv6" style="width:83%;max-width:500px;display:inline-block;text-align:left">
<span class="css-2zlgwg" style="margin:0;font:normal 12px georgia,serif;color:#666">
Members of Parliament hold placards opposed to raising the retirement age to 64 as French Prime Minister Elisabeth Borne is about to deliver a speech on the pensions reform bill.
</span>
<span style="margin:0;font:normal 11px georgia,serif;padding-left:5px;color:#888;letter-spacing:.01em">
Pascal Rossignol/Reuters
</span>
</span>
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</td>
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<div style="margin:0 auto;max-width:600px;width:100%">
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<h2 style="color:#000;font:700 24px/31px nyt-cheltenham,georgia,serif;margin:0 0 10px">
Backlash as Macron rams through retirement change
</h2>
</td>
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</tbody>
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</div>
<div style="margin:0 auto;max-width:600px;width:100%">
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<p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">
Emmanuel Macron, the French president,
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
opted to push through legislation
</a>
to raise the retirement age to 64 from 62 without a full parliamentary vote, a decision certain to inflame an already tense confrontation over the measure. Opponents across the political spectrum
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
burst into rounds of the “Marseillaise” and pounded on their desks
</a>
in response.
</p>
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<div style="margin:0 auto;max-width:600px;width:100%">
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<p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">
For some, Macron’s decision smacks of the kind of contempt and aloofness of which he has sometimes been accused. During his second term, he has tried hard to project a milder image — more ready to listen and less inclined to rule alone. But the confrontation over his pension plan has revealed a more isolated president, with fewer allies.
</p>
</td>
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<div style="margin:0 auto;max-width:600px;width:100%">
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<p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">
The decision to avoid a National Assembly vote, which will be regarded by Macron’s political opponents as antidemocratic even though it is legal, came after two months of major demonstrations and intermittent strikes. Millions of French people have said they see the changes as an assault on their way of life.
</p>
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<td align="left">
<p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-weight:700;font-size:inherit">
Background:
</span>
The Senate, or upper house, approved the bill early Thursday. But disarray in the lower house occurred because Macron’s Renaissance party does not hold a parliamentary majority. Even the center-right Republicans, who once pushed for raising the retirement age to 65, were hesitant to support Macron as nationwide protests against the measure grew.
</p>
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<span class="css-14c9rv6" style="width:83%;max-width:500px;display:inline-block;text-align:left">
<span class="css-2zlgwg" style="margin:0;font:normal 12px georgia,serif;color:#666">
Polish MiG-29 fighter jets taking part in a NATO exercise last year.
</span>
<span style="margin:0;font:normal 11px georgia,serif;padding-left:5px;color:#888;letter-spacing:.01em">
Radoslaw Jozwiak/Agence France-Presse — Getty Images
</span>
</span>
</td>
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</td>
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<h2 style="color:#000;font:700 24px/31px nyt-cheltenham,georgia,serif;margin:0 0 10px">
Poland plans to arm Ukraine with warplanes
</h2>
</td>
</tr>
</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
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<p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">
Andrzej Duda, the president of Poland, said that his country
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
would transfer four Soviet-designed MiG fighters to Ukraine
</a>
“literally in the next few days,” potentially pushing Western military aid to the embattled country over a significant threshold. The warplanes would be the first sent to Ukraine by a NATO country since Russia invaded last year.
</p>
</td>
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</tbody>
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<p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">
Poland first pledged such fighters a year ago but has so far sent none. Officials had previously indicated that they would send warplanes to Ukraine only alongside other countries. It was not immediately clear which allies were ready to join or whether Poland was going it alone. And there was skepticism over whether Warsaw could move as quickly as it hoped.
</p>
</td>
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<p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">
Some of Ukraine’s allies have appeared far more reluctant when it comes to warplanes, and the U.S. has said that sending them is not currently on the table. The debate over fighter jets came as Russian and Ukrainian troops in the eastern part of the country remained enmeshed in battle around Bakhmut, where both sides have sustained heavy losses.
</p>
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<p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-weight:700;font-size:inherit">
In other news from the war:
</span>
</p>
</td>
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</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
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<li class="css-11scvta" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px;vertical-align:middle">
The Pentagon released
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
the first declassified video images
</a>
of the events leading up to a Russian fighter jet’s collision with an unarmed U.S. reconnaissance drone on Tuesday.
</span>
</li>
<li class="css-11scvta" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px;vertical-align:middle">
Ukraine is
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
using ammunition faster than its allies can resupply it
</a>
, putting future battles at risk.
</span>
</li>
</ul>
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<h2 style="color:#000;font:700 24px/31px nyt-cheltenham,georgia,serif;margin:0 0 10px">
How do you celebrate spring?
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Spring starts on Monday, ushering in warmer weather and an array of festivals celebrating the new season across Europe. Some are hyperlocal affairs that are deeply rooted in tradition, and others are sprawling events that welcome people from all over the world. They run the gamut from mainstream to decidedly quirky.
</p>
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We’re asking readers about local spring festivals and traditions where they live. How does your community mark the arrival of spring? And what does participating in this event mean to you?
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fill out this form
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More than
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
2.5 tons of uranium
</a>
is missing from a site in war-torn Libya, Rafael Grossi, above, the head of the U.N. nuclear watchdog, said. The agency is searching for the material.
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In southern Italy, where migrants have perished while seeking a better life, locals
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
pay homage to those lost to the sea
</a>
.
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HelloFresh, the German meal kit company, announced it would stop using coconut milk from Thailand after allegations surfaced of
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
monkey labor
</a>
in the coconut industry.
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<li class="css-11scvta" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px;vertical-align:middle">
Three dogs died after eating poisoned meatballs during a canine cross-country race in southern France,
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
prompting a police investigation
</a>
.
</span>
</li>
<li class="css-11scvta" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px;vertical-align:middle">
Australia’s
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
winemakers are suffering
</a>
after two years of Chinese tariffs.
</span>
</li>
</ul>
</td>
</tr>
</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
<table cellpadding="0" width="100%">
<tbody>
<tr>
<td height="15" style="height:15px;padding:0">
</td>
</tr>
<tr>
<td class="css-1p35v1j" style="font:700 18px/25px arial,sans-serif;color:#000;padding-bottom:10px">
Other Big Stories
</td>
</tr>
</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
<table cellpadding="0" width="100%">
<tbody>
<tr>
<td style="padding:0 0 5px">
<ul class="css-vhya8o" style="color:#333;font:10px georgia,serif;text-align:left;padding-left:50px">
<li class="css-11scvta" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px;vertical-align:middle">
The Biden administration demanded that TikTok’s Chinese owners
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
sell the app or face a possible ban
</a>
. Britain has
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
prohibited the use of TikTok on government devices
</a>
, and Canada, India and the E.U. have also
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
cracked down on the app
</a>
.
</span>
</li>
<li class="css-11scvta" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px;vertical-align:middle">
The police and the military in Peru
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
used lethal force
</a>
on antigovernment protesters, a Times investigation found.
</span>
</li>
<li class="css-11scvta" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px;vertical-align:middle">
A small pro-farmer party has swept provincial elections in the Netherlands to become the biggest in the Senate by
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
channeling dissatisfaction with the Dutch government
</a>
.
</span>
</li>
<li class="css-11scvta" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px;vertical-align:middle">
In 2021, the deaths of pregnant women in the U.S.
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
soared by 40 percent
</a>
, according to government figures.
</span>
</li>
</ul>
</td>
</tr>
</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
<table cellpadding="0" width="100%">
<tbody>
<tr>
<td height="15" style="height:15px;padding:0">
</td>
</tr>
<tr>
<td style="font:700 18px/25px arial,sans-serif;color:#000;padding-bottom:20px">
The Week in Culture
</td>
</tr>
</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
<table cellpadding="0" width="100%">
<tbody>
<tr>
<td align="left">
<table cellpadding="0" cellspacing="0" style="border-spacing:0;font-family:arial,sans-serif;color:#333;padding:0;background:#fff" width="100%">
<tbody>
<tr>
<td align="center" style="width:100%;padding:0;line-height:1;text-align:center" width="100%">
<img class="css-1ag4mtp" src="https://inboxflows.com/_/image/https%253A%252F%252Fstatic01.nyt.com%252Fimages%252F2023%252F03%252F17%252Fmultimedia%252F17AM-brf-euro-Richter-pgwv%252F17AM-brf-euro-Richter-pgwv-articleLarge.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzdGF0aWMwMS5ueSJ9:1pd2DC:CsR5ZnawnCNxNfNfBNTSH_ktCeRfXvpfMIgCGkqTu2U" style="width:83%;max-width:500px;display:inline-block;height:auto;padding-top:0;padding-bottom:0;line-height:0"/>
</td>
</tr>
<tr>
<td align="center" style="text-align:center;width:100%;padding-top:3px;padding-bottom:20px;line-height:12px" width="100%">
<span class="css-bcxqfb" style="width:83%;max-width:500px;display:inline-block;text-align:right">
<span class="css-2zlgwg" style="margin:0;font:normal 12px georgia,serif;color:#666">
</span>
<span style="margin:0;font:normal 11px georgia,serif;padding-left:0;color:#888;letter-spacing:.01em">
via Gerhard Richter and David Zwirner
</span>
</span>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
<table cellpadding="0" width="100%">
<tbody>
<tr>
<td style="padding:0 0 5px">
<ul class="css-vhya8o" style="color:#333;font:10px georgia,serif;text-align:left;padding-left:50px">
<li class="css-11scvta" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px;vertical-align:middle">
A
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
major exhibition of Gerhard Richter’s paintings
</a>
is on show in Manhattan. The German artist, 91, has said the works will be among his last.
</span>
</li>
<li class="css-11scvta" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px;vertical-align:middle">
Jewelers throughout Britain have been creating tiaras in anticipation of
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
King Charles’s coronation
</a>
in May.
</span>
</li>
<li class="css-11scvta" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px;vertical-align:middle">
Stephen Sondheim’s Luis Buñuel musical, which he
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
described as unfinished
</a>
days before his death, will be staged in New York this fall.
</span>
</li>
<li class="css-11scvta" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px;vertical-align:middle">
Paris Hilton discusses her life
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
as a world-famous “it girl”
</a>
in a her memoir.
</span>
</li>
<li class="css-11scvta" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px;vertical-align:middle">
Scientists and musicians are
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
recording the sounds of unfreezing water
</a>
to document and predict the effects of climate change.
</span>
</li>
</ul>
</td>
</tr>
</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
<table cellpadding="0" width="100%">
<tbody>
<tr>
<td height="15" style="height:15px;padding:0">
</td>
</tr>
<tr>
<td style="font:700 18px/25px arial,sans-serif;color:#000;padding-bottom:20px">
A Morning Read
</td>
</tr>
</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
<table cellpadding="0" width="100%">
<tbody>
<tr>
<td align="left">
<table cellpadding="0" cellspacing="0" style="border-spacing:0;font-family:arial,sans-serif;color:#333;padding:0;background:#fff" width="100%">
<tbody>
<tr>
<td align="center" style="width:100%;padding:0;line-height:1;text-align:center" width="100%">
<img class="css-1ag4mtp" src="https://inboxflows.com/_/image/https%253A%252F%252Fstatic01.nyt.com%252Fimages%252F2023%252F03%252F19%252Fmagazine%252F17AM-brf-euro-Midgley%252F17AM-brf-euro-Midgley-articleLarge.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzdGF0aWMwMS5ueSJ9:1pd2DC:CsR5ZnawnCNxNfNfBNTSH_ktCeRfXvpfMIgCGkqTu2U" style="width:83%;max-width:500px;display:inline-block;height:auto;padding-top:0;padding-bottom:0;line-height:0"/>
</td>
</tr>
<tr>
<td align="center" style="text-align:center;width:100%;padding-top:3px;padding-bottom:20px;line-height:12px" width="100%">
<span class="css-bcxqfb" style="width:83%;max-width:500px;display:inline-block;text-align:right">
<span class="css-2zlgwg" style="margin:0;font:normal 12px georgia,serif;color:#666">
</span>
<span style="margin:0;font:normal 11px georgia,serif;padding-left:0;color:#888;letter-spacing:.01em">
Photo illustration by Cristiana Couceiro
</span>
</span>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
<table cellpadding="0" width="100%">
<tbody>
<tr>
<td align="left">
<p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">
Thomas Midgley Jr. was a brilliant inventor who, a century ago, was responsible for
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
two phenomenally destructive innovations
</a>
. What can we learn from them today?
</p>
</td>
</tr>
</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
<table cellpadding="0" width="100%">
<tbody>
<tr>
<td height="15" style="height:15px;padding:0">
</td>
</tr>
<tr>
<td class="css-1p35v1j" style="font:700 18px/25px arial,sans-serif;color:#000;padding-bottom:10px">
Lives Lived
</td>
</tr>
</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
<table cellpadding="0" width="100%">
<tbody>
<tr>
<td align="left">
<p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">
The ballerina Lynn Seymour was a radically original dancer and a star in both Britain and the U.S. She
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
died at 83
</a>
.
</p>
</td>
</tr>
</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
<table cellpadding="0" width="100%">
<tbody>
<tr>
<td height="30" style="padding:0;font-size:0" width="100%">
</td>
</tr>
<tr>
<td style="padding:0;font-size:0;border-top:14px solid #000">
<h3 class="css-1fceny0" style="color:#000;font:700 16px/24px arial,sans-serif;margin:5px 0 30px 0;letter-spacing:.2px">
SPORTS NEWS FROM THE ATHLETIC
</h3>
</td>
</tr>
</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
<table cellpadding="0" width="100%">
<tbody>
<tr>
<td align="left">
<p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-weight:700;font-size:inherit">
The Manchester tug of war over Hollywood royalty:
</span>
Julia Roberts visiting Old Trafford in 2016 was not to the liking of Pep Guardiola — here’s how
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
it came about
</a>
.
</p>
</td>
</tr>
</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
<table cellpadding="0" width="100%">
<tbody>
<tr>
<td align="left">
<p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-weight:700;font-size:inherit">
After drama with ex-coach, Reyna returns to U.S. soccer roster:
</span>
The U.S. men’s team
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
is back
</a>
in competitive action with European-based players for the first time since the 2022 World Cup.
</p>
</td>
</tr>
</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
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<p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-weight:700;font-size:inherit">
Chelsea delighted with U.S. goalkeeper:
</span>
Gabriel Slonina
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
has impressed
</a>
with the under-21s since arriving at Chelsea in January and is learning from his brushes with the seniors in training.
</p>
</td>
</tr>
</tbody>
</table>
</div>
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<span style="font-weight:700;font-size:inherit">
From The Times:
</span>
The N.C.A.A. men’s basketball tournament
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
began with major upsets
</a>
, as No. 15 Princeton toppled Arizona, a No. 2 seed, while the No. 13 seed Furman knocked down No. 4 Virginia.
</p>
</td>
</tr>
</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
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<tbody>
<tr>
<td height="30" style="padding:0;font-size:0" width="100%">
</td>
</tr>
<tr>
<td style="padding:0;font-size:0;border-top:14px solid #000">
<h3 class="css-1fceny0" style="color:#000;font:700 16px/24px arial,sans-serif;margin:5px 0 30px 0;letter-spacing:.2px">
ARTS AND IDEAS
</h3>
</td>
</tr>
</tbody>
</table>
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<h2 style="color:#000;font:700 24px/31px nyt-cheltenham,georgia,serif;margin:0 0 10px">
A sober St. Patrick’s Day
</h2>
</td>
</tr>
</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
<table cellpadding="0" width="100%">
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<p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">
Especially in the U.S., St. Patrick’s Day has often been associated with drinking. This year, more demand for sober revelry has led some bars and restaurants to offer
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
teetotaling alternatives to the festivities
</a>
, as well as a greater focus on Irish food and music.
</p>
</td>
</tr>
</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
<table cellpadding="0" width="100%">
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<p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">
More alcohol-free products, including Guinness 0, an alcohol-free version of the stout, have helped bar owners in New York City get creative. (Samples of the Guinness drink will be distributed on the trading floor of the New York Stock Exchange this afternoon after the ringing of the closing bell.)
</p>
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<p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">
Others say the holiday should always have been about food and culture — rather than simply getting drunk. “In Ireland, St. Patrick’s Day is less centered on a drinking occasion and more of a celebration for the whole family,” said Moira Breslin, the founder of New York City’s Irish Whiskey Festival.
</p>
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For St. Patrick’s Day, a
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Spend 36 hours in Taipei
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Keira Knightley plays a dogged journalist in
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the true-crime drama “Boston Strangler.”
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today’s Wordle
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the Spelling Bee
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2 years ago - nytdirect@nytimes.com
Your Friday Briefing: A private-sector bank bailout
Plus, Macron’s pension plan.View in browser|nytimes.comContinue reading the main storyMarch 17, 2...