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
Western leaders have been telling us about this attack for a long time. Shortly after Vladimir Putin said that Russia was going to start a military operation in Ukraine, there were explosions in its capital, Kyiv, and in other Ukrainian cities. People on both sides of the conflict have already been killed in the fight, … Read more
Officially, the Russia-Ukraine conflict has overtaken NFTs as the subject that people love to talk about but don’t understand very well. That’s not a bad thing to say about anyone. Even people who follow the news for their jobs haven’t spent the last 10 years studying Eastern European politics. That person is Alex Kliment, a … Read more
So as Russia thinks about moving more troops into Ukraine, Western leaders are getting ready for economic sanctions against Vladimir Putin for what he did. These sanctions will be very different from the ones President Biden put forward yesterday. Legislators in the United States have said that if Russia invades, they’ll unleash the “mother of … Read more
The documentary Icahn: The Restless Billionaire was shown on HBO last Tuesday, and just a few days later, Carl Icahn is making sure they are right. The 86-year-old investor has put two people on the McDonald’s board in a bid to get the fast-food chain to change how it treats its suppliers’ pigs. When McDonald’s … Read more