Latest from Redmond Carolipio

• Mar 18, 2022

  Russia won’t live in an “American saloon,” says foreign minister

  

  From the BBC World Service: one of President Putin’s most reliable spokesmen, the foreign minister Sergei Lavrov, has been speaking on Russian television today about efforts to keep the economy on track in spite of Western sanctions.  The war in Ukraine is wreaking havoc on supply chains, and not just in Europe. The BBC’s Monica Miller looks at how it’s impacting businesses in Singapore. Australia launches legal action against Facebook’s parent company Meta, alleging it allowed scam ads to target users with fake celebrity endorsements for cryptocurrencies.

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• Mar 17, 2022

  Another leftover symptom of the pandemic? Online buying trends.

  

  Americans spent $1.7 trillion shopping online since the pandemic began, according to new data from Adobe. That’s a lot more than they spent in the two years before the pandemic. It looks like it’ll be even more in 2022. We speak to the BBC’s Victoria Craig about her chat with the Lithuanian president. Diane Swonk shares market insight following the Fed’s decision to raise interest rates.

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• Mar 17, 2022

  Let’s try to grab a hold of the “hot hand” phenomenon

  

  It’s time for March Madness, and whether it’s on a basketball court or investing, people can sometimes get on a roll, where it’s deemed they have the “hot hand.” There have actually been studies about this, and we decipher the history of the hot hand with senior economics contributor Chris Farrell. The Federal Reserve has raised interest rates for the first time since 2018, and more is coming. The BBC looks into what a ban on Russian energy would look like for Germany.

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• Mar 17, 2022

  Ukraine’s president urges Germany to put morals before economic interests

  

  From the BBC World Service: But with fears growing that the war in Ukraine could push Germany into economic recession and stoke soaring inflation, it might be difficult for Germany to meet the Ukranian president’s demands. Plus, nearly 2 million people have fled the war in Ukraine, seeking refuge. We hear from President Gitanas Nausėda of Lithuania, whose country is seeing an increasing number of people looking for safety and security.

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• Mar 16, 2022

  China stocks rebound while Russia, Ukraine continue imprinting on markets

  

  Stock prices in China bounced back after a sudden collapse earlier in the week. Marketplace’s China correspondent Jennifer Pak drops in for more detail. As crude oil prices have dropped and the Russia-Ukraine conflict continues, the markets appear to be having a bit of a moment, as Susan Schmidt helps explain to us. The Federal Reserve nominee pool just got shorter as Sarah Bloom Raskin bows out of the running. 

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• Mar 16, 2022

  May 1 is a big day for people with federal student debt … or is it?

  

  The moratorium on federal student debt is scheduled to end on May 1, concerning many people who had benefited from the financial reprieve. However, because of repeated extensions to the moratorium, there’s also uncertainty as to whether or not its expiration will actually happen on May 1. President Biden is expected to unveil an additional $800 million in aid for Ukraine after the Ukrainian president addresses Congress this morning. The BBC reports that Lithuania is ready to cut its ties to Russian oil and gas imports.

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• Mar 16, 2022

  Lithuania’s president prepared to cut off Russian oil and gas imports

  

  From the BBC World Service: The warning from President Gitanas Nauseda is the latest sign of how far European Union nations could go to penalize Moscow for its invasion of Ukraine. As a bloc, the EU has set a 2030 target for independence from Russian fossil fuels. The U.S. has already banned Russian oil imports, while the U.K. said it will phase them out by the end of the year. Plus, British prime minister Boris Johnson is visiting Gulf states to explore alternatives to Russian oil and gas.

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• Mar 15, 2022

  Gas tax suspensions are on the table

  

  Lawmakers on Capitol Hill and in states across the country are considering temporary suspensions of various gas taxes. The idea is to drive prices down at the pump, and it has support from Republicans and some Democrats. Plus, why California gas prices always seem to be the highest in the U.S. Also, what the falling price of crude oil means for the global economy. And, Russia’s reliance on foreign technology is revealed after sanctions cut the country off from parts, repair and know-how sourced from around the world.

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• Mar 15, 2022

  Russia can’t just shut off its natural gas supplies

  

  Forty percent of Europe’s natural gas comes from Russia. And last week, Moscow warned it could turn off the gas to Europe in response to sanctions and Germany nixing the Nord Stream 2 gas pipeline that circumvents Ukraine. But that threat is easier to make than it is to actually carry out. Natural gas production and delivery just doesn’t quite work that way. Plus, Russia’s President Vladimir Putin has signed a law allowing the country’s airlines to hang onto airliners leased from European companies, in violation of international sanctions. Hundreds of leased planes are in limbo.

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• Mar 15, 2022

  War, COVID and politics send global markets sliding

  

  From the BBC World Service: European stocks fell in early trading, following a sharp sell-off across Asian markets. Chinese investors are worried by the impact of further full-city COVID-19 lockdowns, a regulatory crackdown on tech companies and what approach Beijing takes to Russia’s invasion of Ukraine. Plus, fresh European Union sanctions against Russia target the luxury goods, energy and defense sectors. And, as Poland welcomes Ukrainian refugees, some border towns are calling for more resources.

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