Commodities, which aren’t the best conversation starter on a first date but are important for everyday life, did their best meme stock impression yesterday with price swings that were out of this world. Nickel, for example, had its biggest one-day dollar gain on record, which is good news for Nickel. What’s going on now? Commodities … Read more
Yesterday, Russian missiles hit the city of Vinnytsia. After that, Ukrainian President Volodymyr Zelensky called on NATO to set up a no-fly zone over Ukraine to stop the Russian bombardment. He’s not going to get what he wants. A no-fly zone is a place where you can’t fly. Don’t think too hard about it; it’s … Read more
California’s 17th district may sound like any other district until you realise that it’s in the heart of Silicon Valley. Ro Khanna is a US representative for that district in the state. Khanna has seen how tech innovation can change communities, and in his new book, Dignity in a Digital Age, he lays out a … Read more
If you don’t like puns, don’t worry: Experts say that the war in Ukraine could lead to an energy crisis that we haven’t seen in a long time. There are fears that Russia, one of the world’s biggest oil exporters, could stop producing oil. This has caused the price of oil to rise to the … Read more
Yesterday, Roman Abramovich said that he was going to sell Chelsea Football Club, the English soccer team he’s owned since 2003. Pressure from the West has forced Russia’s oligarchs to give up their most valuable assets, like Chelsea. Abramovich said that the money from the sale will go to “help all the people who have … Read more
President Biden gave his first State of the Union address in the middle of the biggest ground war in Europe since World War II, the highest U.S. inflation in 40 years, and a pandemic that has killed more than 950,000 people in the U.S. We don’t want to be his speechwriters. To deal with the … Read more
Last week, we talked about how the West is using its banking power to cut Russia out of the global financial system. But Russia is also being cut off in other ways, as well. A lot of people aren’t going to cultural events in the country because of its actions in Ukraine. As an example, … Read more
During the invasion of Ukraine, it became clear that modern warfare isn’t just drone attacks and cyber attacks. It also includes asset freezes, export controls, and sanctions on billionaires. This is because modern warfare isn’t just about drone attacks. High finance has become a major weapon in the West’s fight with Russia. Over the weekend, … Read more
Jill Lepore is a best-selling author, a history professor at Harvard, and the host of a podcast called Elon Musk: The Evening Rocket, which looks at the life of the richest person on the planet and the type of moguldom he represents, which she calls “Muskism.” She also writes for the New Yorker. What is … Read more
Russian banks and businesses have been freed from heavy sanctions after Russia invaded Ukraine. President Vladimir Putin himself has also been freed from sanctions. It’s been called the “nuclear option,” but they haven’t done it yet. They haven’t banned Russia from using SWIFT, which is what’s called that. SWIFT is a bank. Belgium’s Society for … Read more
