As the ground war in Ukraine’s Donbas region likely bogs down into a contest of prolonged attrition, access to the Black Sea will be key to which belligerent outlasts the other. Before the Russian invasion, more than 70 percent of Ukraine’s exports left via its ports. So eventually lifting ...
The 100th day of the war between Russia and Ukraine was Friday. When Russian tanks rolled across the border on Feb. 24, most experts anticipated a brief conflict, ending with either a Ukrainian surrender or some type of negotiated peace. Those assumptions proved false. Ukraine withstood the ...
No one now disputes that inflation is unacceptably high. But our discourse around official measures of inflation, like the Consumer Price Index and the Personal Consumption Expenditures Price Index, revolve around how higher prices affect the typical consumer. Among lower earners, the effect of ...
February 24, the day Russian President Vladimir Putin launched his unprovoked invasion of Ukraine, is going down as a turning point in modern history. As we hit the war’s 100-day mark, one of the most significant lessons is Russia’s much-feared “modernized” army, the largest in ...
All the portents are that 2022 will be a summer to remember — and not in a good way. It will be a summer of shortages, high prices, possible electric blackouts, and severe and unpredictable storms. It also promises to be a summer of political ugliness, where civility and facts are ...
Did you know there are two sets of accounting rules? One for governments and one for the rest of us? That hardly seems fair. Elected officials have been able to claim balanced budgets while racking up billions in debt. Bad accounting supports bad budgeting practices, and this is harming ...
