Tag: crisis

Lukashenko: Russia Could Put Intercontinental Missiles in Belarus If Necessary

President Alexander Lukashenko said on Friday that Russia, which has already decided to station tactical nuclear weapons in Belarus, could if necessary put intercontinental nuclear missiles there too. In an annual address to lawmakers and government officials, Lukashenko said Moscow’s plans to station nuclear arms on the territory of its close ally would help protect…


ANZ CEO: Banking Turmoil Has Potential to Trigger Financial Crisis

SYDNEY—Australia and New Zealand Banking Group’s CEO said on Monday the latest turmoil in the global banking system had the potential to trigger a financial crisis though it was early to predict it could bring one similar to that in 2008. Authorities around the world are on high alert for the fallout from the recent…


Banking Crisis Is How It Starts, Recession Is How It Ends

Commentary As the Fed tightens monetary policy, a banking crisis is historically the first evidence that something is breaking. As noted recently in “Not QE,” Last week, amid a rash of bank insolvencies, government agencies took action to stem a potential banking crisis. The FDIC, the Treasury, and the Fed issued a Bank Term Lending…


Russia Presses Along Ukraine Front After Reports of Bakhmut Slowdown

NEAR KREMINNA, Ukraine—Russian forces attacked northern and southern stretches of the front in Ukraine’s eastern Donbass region on Friday, even as Kyiv claimed Moscow’s assault was flagging near the city of Bakhmut. Ukrainian military reports described heavy fighting along a line running from Lyman to Kupiansk, as well as in the south at Avdiivka on…


Republican Senator Proposes Plan to Fix Social Security Solvency Crisis

As the United States continues to grapple with an uncertain economic future, Sen. Bill Cassidy (La.) has voiced concerns about the state of the country’s financial future, particularly regarding Social Security. In a recent interview with MSNBC, he warned that “a high inflation environment, in which the Fed is trying to raise interest rates to…


Ukraine Says Its Forces Hold on in Bakhmut

NEAR BAKHMUT, Ukraine/WASHINGTON—On the battlefield in eastern Ukraine, Kyiv’s forces continued to withstand Russian assaults on the now-ruined city of Bakhmut. Reuters reporters heard a constant rumble of artillery on all sides at about 1.5 km (0.9 mile) from the frontline. In eastern Ukraine, the Russian-installed leader of the Donetsk region said on Thursday the…


Kremlin: For Now, Goals in Ukraine Can Only Be Achieved by Military Force

MOSCOW—The Kremlin said on Tuesday that Russia’s goals in Ukraine could only be achieved by military force at the moment, and that Kyiv needed to accept the “new realities” on the ground before a peaceful settlement could be reached. “We have to achieve our goals. Right now this is only possible by military means due…


LIVE 10:30 AM ET: Fed Tries to Stop Unfolding Bank Crisis; Illegal Immigrants Cost US Health Care System Billions per Year

The Federal Reserve and the Biden administration are attempting to stop the unfolding crisis on America’s banks. Despite new measures taken to ensure that depositors are able to get money from troubled banks, upsets in the stock market and problems threatening regional banks suggest the crisis isn’t over. Meanwhile, Republicans are calling for U.S. military…


LIVE NOW: Fed Tries to Stop Unfolding Bank Crisis; Illegal Immigrants Cost US Health Care System Billions per Year

The Federal Reserve and the Biden administration are attempting to stop the unfolding crisis on America’s banks. Despite new measures taken to ensure that depositors are able to get money from troubled banks, upsets in the stock market and problems threatening regional banks suggest the crisis isn’t over. Meanwhile, Republicans are calling for U.S. military…


Fed Tries to Stop Unfolding Bank Crisis; Illegal Immigrants Cost US Health Care System Billions per Year

The Federal Reserve and the Biden administration are attempting to stop the unfolding crisis on America’s banks. Despite new measures taken to ensure that depositors are able to get money from troubled banks, upsets in the stock market and problems threatening regional banks suggest the crisis isn’t over. Meanwhile, Republicans are calling for U.S. military…