House Minority Leader Kevin McCarthy (R-Calif.) criticized President Joe Biden’s foreign policies in the wake of the 21st anniversary of the 9/11 terrorist attacks that killed almost 3,000 people, urging for a firm stand for freedom, not fear. “If you want to know about 21 years ago today, you’ve got to pay attention to what…
McCarthy Voices ‘Real Concern’ Over Biden’s Foreign Policies
September 12, 2022
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AfghanistanChinaDefending AmericaDemocratsDonald TrumpEuropeFeatured TopicsInternationalIranKevin McCarthyMiddle EastNational SecurityPolicies & ImpactsPoliticsRepublicansRussia-Ukraine WarUSUS NewsUS-China relationsWorld
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Germany Paying Billions for Russian Imports: Statistical Office
September 12, 2022
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Business & MarketseconomyenergyEuropeGermanyMarketsofficeRussiaRussia-Ukraine WarStatisticaltradeWorld
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BERLIN—Germany imported goods from Russia valued at 2.9 billion euros ($2.95 billion) in July, according to data released on Monday, as elevated energy costs frustrated German efforts to wind down trade with Russia. The value of German imports from Russia rose by 10.2 percent compared to July 2021, the Federal Statistical Office said. The office…
The Possible Victory of Ukraine
Commentary The Ukraine–Russian war, which has been an unending source of surprises since it was impetuously launched by Russian President Vladimir Putin in February, has taken another decisive turn as the long-awaited Ukrainian counteroffensive has severely defeated overexposed Russian forces. Although the Kremlin and the Russian Defense Ministry have been comparatively silent, the very active…
Russia Hits Ukrainian Forces in Kharkiv Region, Says Defense Ministry
MOSCOW—Russian forces are hitting Ukrainian army positions in the Kharkiv region with precision strikes, the country’s defense ministry said on Sunday. Strikes are being carried out by airborne troops, missiles and artillery, the ministry said on social media. Reuters was not immediately able to verify the reports. …
Ukraine Accuses Russia Attacking Power Grid, Causing Blackouts
KYIV/KHARKIV, Ukraine—Ukraine accused Russian forces of attacking civilian infrastructure in response to a weekend offensive by Ukrainian troops. Ukrainian officials said the targets of the retaliatory attacks included water facilities and a thermal power station in Kharkiv, and that they caused widespread blackouts. “No military facilities, the goal is to deprive people of light &…
Ukraine Accuses Russia of Attacking Power Grid, Causing Blackouts
KYIV/KHARKIV, Ukraine—Ukraine accused Russian forces of attacking civilian infrastructure in response to a weekend offensive by Ukrainian troops. Ukrainian officials said the targets of the retaliatory attacks included water facilities and a thermal power station in Kharkiv, and that they caused widespread blackouts. “No military facilities, the goal is to deprive people of light &…
Ukraine’s Zaporizhzhia Nuclear Plant Shuts Down Operations
KYIV, Ukraine—Europe’s largest nuclear plant has been reconnected to Ukraine’s electricity grid, allowing engineers to shut down its last operational reactor in an attempt to avoid a radiation disaster amid the fighting in the area. The six-reactor Zaporizhzhia Nuclear Power Plant lost its outside source of power a week ago after all its power lines…
Russia Announces Troop Pullback From Ukraine’s Kharkiv Area
KYIV, Ukraine—Russia’s Defense Ministry announced Saturday that it was pulling back troops from two areas in Ukraine’s eastern Kharkiv region. The news came after days of apparent advances by Ukraine south of Kharkiv, the country’s second-largest city. Russian Defense Ministry spokesman Igor Konashenkov said troops would be regrouped from the Balakliya and Izyum areas to…
ECB Raises Interest Rates Again as Eurozone Inflation Soars
September 9, 2022
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Business & Marketseconomic policiesEuropeEuropean Central Bank (ECB)inflationinterest ratesRussia-Ukraine WarUncategorizedWorld
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The European Central Bank (ECB) hiked interest rates again on Thursday by the largest increment since the bank’s founding, as policymakers in the Eurozone scramble to stem the tide of rising inflation throughout the region. Initially, ECB policymakers were divided between a 50 and a 75 basis point increase in the zero percent deposit rate….
Europe Is Bound to Collapse
September 9, 2022
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Business & MarketsBusiness Columnistseconomic crisiseconomyenergyenergy crisisEuropeinflationOpinionrecessionRussia-Ukraine WarViewpointsWorld
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Commentary I have been watching, with horror, the escalation of the economic situation in Europe since around mid-February. On Feb. 21, I published a short Twitter thread detailing the economic worst-case scenario for Europe, if the war between Russia and Ukraine would break out, as it did. The forecast had 10 stages: The West would…
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