The coronavirus crisis has already dealt a heavy blow to the Ukrainian economy and the risks to the outlook are growing: recent challenges to the independence of the central bank and anti-corruption institutions threaten to undermine the IMF deal agreed in May. While we expect the deal to remain intact, these events raise the risk that the economy experiences balance of payments strains further ahead.
January 10, 2022 - A few days ago, a bombshell report came out from ProPublica, detailing how the wealthiest Americans avoid paying taxes through legal means. The report calculates the true tax rate for billionaires
How much is 50 billion you ask? Well, you have come to the right place to learn all about 50 billion! Let's start with how you would write 50 billion with numbers only:
50,000,000,000
And this is how you would write 50 billion with letters only:
Fifty billion
If you take apart 50 billion and turn it into millions you get:
50 billion = 50,000 million
If you type in 50 billion on your calculator, it may come out as a scientific notation of:
5.00E+10 (5.00 x 1010)
OK, enough of the basics. Now we will put 50 billion in the context of other things, so you can get a better idea of how much it really is:
Spending: If you had 50 billion dollars, you could buy 1,666,667 cars at $30,000/each or 250,000 houses at $200,000/each.
Travel: If you were to travel 50 billion miles, you could fly around the world 2,007,951 times or take a round trip to the moon 104,646 times.
Savings: If you could save $100,000/year, it would take you 500,000 years to save 50 billion dollars. If you could save $10,000 every single day, then it would only take you 13,699 years to save 50 billion.
Giving: With 50 billion dollars, you could afford to give every man, woman, and child in Canada $1,388.89.
Putin accuses US of trying to ‘drag out’ war in Ukraine
The Russian leader says Washington is ‘using the people of Ukraine as cannon fodder’ as he lashed out at the US for supplying weapons to Kyiv.
Putin reaffirmed his long-held claim that he sent troops into Ukraine in response to Washington turning the country into an “anti-Russia” bulwark [Pavel Byrkin, Sputnik, Kremlin Pool Photo via AP]
Published On 16 Aug 202216 Aug 2022
Russian President Vladimir Putin has accused the US of prolonging the war in Ukraine as part of what he described as Washington’s alleged efforts to maintain its global hegemony.
“The situation in Ukraine shows that the United States is trying to drag the conflict out …,” the Russian president said on Tuesday addressing the opening ceremony of a security conference in Moscow.
Washington is “using the people of Ukraine as cannon fodder”, he said, lashing out at the US for supplying weapons to Kyiv.
“They need conflicts to retain their hegemony,” he said.
Russia invaded Ukraine in February, anticipating little military resistance and hoping for a lightning-quick takeover that would topple the government in Kyiv.
But after failing to capture the capital, Russia’s military instead moved its focus to the eastern Donbas region. What the Kremlin thought of as a quick victory has turned into a drawn-out war, thanks to the supply of weapons to Ukraine by Western nations.
The US has provided a staggering $50bn in aid to Ukraine since February, as it has solidly stood behind Kyiv in the wake of the Russian aggression.
Long-range and precision artillery are part of the $9bn US military aid that has allowed Ukraine to strike Russian supply facilities deep inside Moscow-controlled territory.
Explosion in Crimea
Huge fireballs erupted at the site in the Kremlin-controlled Crimea early on Tuesday where ammunition was temporarily being stored. Russia’s state-owned news agency TASS cited the defence ministry as saying the blast was a result of “sabotage”.The blasts on Tuesday come one week after at least one person was killed and five more injured in similar explosions at a Russian airbase in Crimea, which was annexed by Moscow in 2014.
Ukraine has not directly claimed responsibility for either of the incidents in Crimea.
Ukrainian presidential aide Mykhailo Podolyak said on Tuesday the latest blasts in Dzhankoi, Crimea were a “reminder” that “Crimea occupied by Russians is about warehouses explosions and high risk of death for invaders and thieves”.
He said the blasts were “demilitarisation in action” – using the same term used by Russia to justify its invasion of Ukraine.
Speaking at the Moscow conference, Russian Defence Minister Sergei Shoigu charged that along with supplies of weapons to Ukraine, Western allies also have provided detailed intelligence information and deployed instructors to help the Ukrainian military operate the weapons systems.
“Western intelligence agencies not only have provided target coordinates for launching attacks, but Western specialists also have overseen the input of those data into weapons systems,” Shoigu said.
At Tuesday’s security conference attended by military officials from Africa, Asia and Latin America, Putin reaffirmed his long-held claim that he sent troops into Ukraine in response to Washington turning the country into an “anti-Russia” bulwark.
He drew parallels between the US backing Ukraine and a recent visit to Taiwan by US House Speaker Nancy Pelosi, charging that both were part of an alleged American attempt to foment global instability.
“The American adventure in Taiwan wasn’t just a trip by an irresponsible politician. It was part of a deliberate and conscious US strategy intended to destabilise the situation and create chaos in the region and the entire world, a blatant demonstration of disrespect for another country’s sovereignty and its own international obligations,” Putin said.
”The era of the unipolar world order is nearing its end,” he added.
It is amazing that world-renowned Economist s frequently revert to weather anologies to explain Macro-Economies.
Roubini Sees Either US Hard Landing or Uncontrolled Inflation
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Nouriel Roubini, chief executive officer of Roubini Macro Associates Inc., during a Bloomberg Television/Radio interview at the Greenwich Economic Forum (GEF) in Greenwich, Connecticut, U.S., on Tuesday, Sept. 21, 2021. The GEF brings together leaders in global finance, business, media and government for global investment forums to discuss the economic implications of the defining issues of our times. Photographer: Jeenah Moon/Bloomberg , Bloomberg
(Bloomberg) -- Economist Nouriel Roubini said there are two options for the US economy, given the Federal Reserve’s most-aggressive tightening campaign in decades: an economic hard landing or inflation at a persistently elevated level.
“The fed funds rate should be going well above 4% -- 4.5%-5% in my view -- to really push inflation towards 2%,” the chairman and chief executive officer of Roubini Macro Associates said in an interview on Bloomberg Television’s “Balance of Power With David Westin” Monday
6 days ago - NourielRoubini, professor emeritus of economics at New York University’s Stern School of Business, is chief economist at Atlas Capital Team and author of the forthcoming “MegaThreats: Ten Dangerous Trends That Imperil Our Future, and How to Survive Them” (Little, Brown and Company, October
ABOUT THE VERGE: The Verge is an ambitious multimedia effort founded in 2011 to examine how technology will change life in the future for a massive mainstream audience.
Our original editorial insight was that technology had migrated from the far fringes of the culture to the absolute center as mobile technology created a new generation of digital consumers. Now, we live in a dazzling world of screens that has ushered in revolutions in media, transportation, and science. The future is arriving faster than ever.
Photo Illustration by Rafael Henrique / SOPA Images / LightRocket via Getty Images
A data breach earlier this month affecting Twilio, a gateway that helps web platforms communicate over SMS or voice, may have had repercussions for users of Signal, the encrypted messaging platform. Today, Signal announced it has alerted 1,900 users that their accounts were potentially revealed to whoever hacked Twilio and said that the attackers searched for three specific numbers during the time they had access.
So far, Signal says it has heard from one of those three users that the attackers used their Twilio access to re-register a new device associated with their number, which would allow them to send and receive messages from that account.
According to Signal, “message history, contact lists, profile information, whom they’d blocked, and other personal data” for all users remained secure. However, if someone was among the users potentially revealed, and they don’t use Signal’s Registration Lock setting that requires their PIN to add a new device, then an attacker could’ve re-registered their account.
Signal is sending messages with a link to its support page for potentially affected accounts, as well as unregistering all devices connected to those accounts, and said it will be done with this process by tomorrow.
Summary
Recently Twilio, the company that provides Signal with phone number verification services, suffered a phishing attack. Here’s what our users need to know:
All users can rest assured that their message history, contact lists, profile information, whom they’d blocked, and other personal data remain private and secure and were not affected.
For about 1,900 users, an attacker could have attempted to re-register their number to another device or learned that their number was registered to Signal. This attack has since been shut down by Twilio. 1,900 users is a very small percentage of Signal’s total users, meaning that most were not affected.
We are notifying these 1,900 users directly, and prompting them to re-register Signal on their devices. If you received an SMS message from Signal with a link to this support article, please follow these steps:
Open Signal on your phone and register your Signal account again if the app prompts you to do so.
To best protect your account, we strongly recommend that you enable registration lock in the app’s Settings. We created this feature to protect users against threats like the Twilio attack.
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