"The central bank has all the tools to normalise the situation in the near future and ensure that lending rates are reduced to sustainable levels.
On Monday, the bank said it saw no financial stability risks from the rouble’s weakening and gave another hawkish signal that a rate hike is possible soon.
The rouble has chartered a turbulent course since Russia invaded Ukraine, slumping to a record low of 120 against the dollar in March last year before recovering to a more than seven-year high a few months later, supported by capital controls and surging export revenues.
“The weaker rouble is a damning indictment of Russia’s war on Ukraine,” Timothy Ash, a London-based senior sovereign strategist at BlueBay Asset Management, said in an email.
Last week, Russia effectively abandoned its budget rule, with the central bank halting the finance ministry’s FX purchases to try and reduce volatility.
“The central bank is not fully in control,” independent Moscow-based economist Ian Melkumov told Reuters, although it has aggressive tools that it is currently reluctant to use.
It makes sense, really. He is the most popular candidate amongst conservatives because he most accurately reflects their personalities. He is the perfect representative of conservatism. Vile, grotesque and pure evil.
Honestly this next election is shaping up to be a shit show… again. My prediction is that the Republican party puts forth another candidate who has his potential pool cannibalized by Trump running independently and Biden campaign come under question due to his old age and low approval rating leading to a push for a different blue candidate.
China cannot win against Taiwan. (win = gaining control of the nation with its chip fabs still operational)
But that will not stop them from trying.
China is falling off a demographic cliff thanks to two generations of the one child policy. In a decade it will not have enough fighting age citizens to even attempt it.
But Xi wants to be remembered as the great re-unifier of China and he turned 70 this year, so time is running out to do so.
The 21st National Congress of the Chinese Communist Party will be held in 2027.
I expect China and Xi to force the issue before then.
It is too bad no one talks about the obvious. Americans want the jobs. The foreign jobs pay for the same quality of life. In the USA the same quality of life cost is inflated so much by corrupt mismanagement that it makes Americans uncompetitive. Housing and food should be a tenth of what they are. The USA has no shortage of land, just a massive lack of zoning management and reform. The US is one of the largest food exporters in the world. High costs here are a ridiculous corruption and mismanagement. The nonsense coming out of the Right is an attempt to prevent reasonable legislative reform. It is about controlling the conversation in a dos attack. This is the only way the criminal billionaires can keep their criminal legal loopholes open. The USA has 1/10th of the laws and protections of any western country.
MANILA, Aug 10 (Reuters) - Analog chipmaker Texas Instruments (TXN.O) is planning to invest up to $1 billion to expand its Philippine facilities, the Southeast Asian nation’s presidential communications office said on Thursday.
Texas Instruments is set to submit in two weeks an application covering the expansion of its sites north of the capital Manila, the presidential office said.
being a merchant seaman on a job in that area takes major balls, your life is essentially in the hands of a probably drunk and definitly unfriendly Russian captain, all over nothing
It’s really not as big of a deal as it seems, especially with swift medical care, which it sounds like they got. Even the US has several cases of bubonic plague every year basically without fail.
I mean the main reason it was so deadly, apart from lack of medical knowledge and access to antibiotics, is that Europe had enormous numbers of people crammed into cities with no sanitation and no pest control. We don’t live like that anymore so cases don’t spread. The black plague was a disease of its time.
Modern plagues like covid take advantage of how we constantly move people around the world and within countries, which is a different challenge.
Pneumonic plague absolutely could spread quite well if it didn't kill you in two days like it does now. Thankfully it seems happy sticking to rodents. If we were really going to see an outbreak of a variant of it that spreads better, I'd expect it to come from Madagascar where plague is quite a problem. Over 200 died in an outbreak in 2017.
Wow that is pretty scary. But yeah, things like how quickly it kills are part of the equation - covid made it across oceans and around within continents by being stealthy on the journey and waiting a while before symptoms appear.
You say that, but have you seen the enormous homeless camps in Los Angeles and San Francisco? We’re talking about thousands of people without sanitation, clean water, shelter, food or even the ability to wash themselves or their clothes. It’s really bad and probably on par with 10th century Europe as far as living conditions, although many of these people are worse off because they lack the ability to take care of themselves and many of them are drug addicts.
Yeah, that’s bad, and I imagine if bubonic plague broke out in that one area it could be devastating. It’s not the norm across any large portion of society so we won’t see a larger outbreak of it.
That’s not to say those people don’t matter. It’s a systemic failure of the highest order that people aren’t housed and don’t have access to healthcare, it’s just they don’t create the conditions for a pandemic of that kind. We understand the disease vector now and we have largely eliminated it.
Having these people be homeless in awful conditions is entirely a choice made by the wealthy californians. One that can be remedied in months if the harm to their health becomes larger than the utility of being able to use them as a political pawn. They can also be supplied antibiotics and flea/rodent control tools for a few dollars per capita.
Sadly the state supreme courts have ruled that it is basically illegal to force services on these people. Many of them, particularly the heavy drug addicts are highly resistant to help and are hell-bent on pursuing their drug habit. And it’s not just in California, homeless drug users exist everywhere in the United States in all 50 states. Well, I suppose it wouldn’t last very long in Alaska due to the winters.
But Florida, California, Oregon Washington Hawaii, they’re everywhere. I find homeless people in the middle of the forest, on the coast and in rural towns… Just about everywhere I go I find homeless people now. It’s kind of crazy and not something you saw 5 years ago.
Do any of you “we can’t provide affordable housing, stop pushing opioids on people, have a social safety net, or permit people to build multi-family dwellings because we found a homeless person who didn’t want to be institutionalised and abused” types even remotely comprehend how stupid and evil you sound? Like it wouldn’t even be believable as a villain introduction in a comic book.
BEIJING, Aug 13 (Reuters) - China’s northern region of Inner Mongolia reported two cases of bubonic plague on Saturday, following a previous infection that was detected on Aug. 7, the local government said.
The two people infected are the husband and daughter of the previous case, the government said in a statement on its website.
All close contacts have been quarantined and have shown no abnormal symptoms, according to the statement.
Cases of bubonic plague infection, a highly infectious disease that is spread mostly by rodents, are low in China, with most found in Inner Mongolia and northwestern Ningxia region in recent years.
Bubonic plague is the most common form of plague, which can be fatal if not treated in time, according to the World Health Organization.
reuters.com
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