The 12-mile-long Kerch Bridge connecting Russia to the Crimean peninsula was bombed by Ukraine early Monday. In response, Russia pulled out of a deal allowing Ukrainian farmers to export crops, raising fears over global food supplies.
Last week, China and Brazil agreed to settle payments for trade in yuan and real, bypassing the US dollar. This is the latest in a series of events pointing to the imminent end of the dollar as the world’s reserve currency.
The Supreme Court hears a case beginning today that could mean the end of racial quotas. The suit is based in part by claims that Asian students are discriminated against in college admissions in favor of other students of color.Continue Reading
The Atlanta Fed’s GDPnow measure, which tracks economic data in real time, shows a contraction in the second quarter of 2022 of 2.1%. Following the first quarter’s 1.6% drop, this meets the technical definition of a recession.Continue Reading
The Pentagon said last week it provided the intelligence used by Ukraine to kill 12 Russian generals and Russia’s Black Sea flagship, the Moskva. This raises the question of where, exactly, is Putin’s “red line” regarding American involvement in that war?