Fortune (July 12)
“An energy crisis is already ravaging Russia’s economy, and a banking crisis may soon erupt as a mountain of debt weighs on consumers and businesses.” A European intelligence report indicates “the Kremlin has relied on banks to pump up the economy with massive liquidity, as its own budget comes under growing strain from Vladimir Putin’s war on Ukraine.”
Tags: Banks, Budget, Businesses, Consumers, Crisis, Debt, Economy, Energy, European intelligence, Kremlin, Liquidity, Pump up, Putin, Ravaging, Relied, Russia, Strain, War
USA Today (July19)
“A doubling of COVID-19 cases in the past two weeks suggests the USA has entered a fourth wave of the pandemic.” Deaths and hospitalization rates may stay lower than previous waves and instead of ravaging “entire communities,” this wave “is likely to target the unvaccinated, including children, and if rates are high enough, the most vulnerable of the vaccinated—the elderly and the immunocompromised.”
Tags: Children, COVID-19, Deaths, Doubling, Elderly, Fourth wave, Hospitalization, Pandemic, Ravaging, U.S., Unvaccinated, Vulnerable