SWIFT Ban Means the Fed May Need to Be Ready With Dollars

Today’s pick

SWIFT Ban Means the Fed May Need to Be Ready With Dollars. The decision to exclude various Russian lenders from the SWIFT messaging system could result in missed payments and giant overdrafts within the international banking system. (Benjamin Purvis / Bloomberg)

Leslie Picker @LesliePicker

“Banks’ inability to make payments due to their exclusion from SWIFT is the same as Lehman’s inability to make payments due to its clearing bank’s unwillingness to send payments on its behalf. History does not repeat itself, but it rhymes.”

bloomberg.comBloomberg - Are you a robot?

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Supreme Court Will Hear Biggest Climate Change Case in a Decade. The court could handcuff President Biden’s climate change agenda — and restrict federal agencies from enacting new regulations governing health, workplace safety and more. (Coral Davenport / The New York Times)

Steve Milloy @JunkScience

SCOTUS could "restrict or even eliminate the EPA's authority to control the pollution that is heating the planet." Sorry, CO2... colorless, invisible, plant food... is not 'pollution.' What's "pollution" is climate propaganda.

nytimes.comSupreme Court Will Hear Biggest Climate Change Case in a DecadeThe court could handcuff President Biden’s climate change agenda — and restrict federal agencies from enacting new regulations governing health, workplace safety and more.

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Google disables Maps traffic data in Ukraine to protect citizens. Google has temporarily disabled live traffic features offered by Google Maps in Ukraine to protect users' safety. (James Vincent / The Verge)

James Vincent @jjvincent

Google Maps no longer shows live traffic data in Ukraine after OSINT experts spotted early signs of the invasion (a traffic jam on the Russian border) using the feature. Google says it wants to protect local users. theverge.com/2022/2/28/2295…

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Ukraine Leads the World. Vladimir Putin's Ukraine invasion isn't going according to his script, and for that the world owes a great debt to the heroic people of Ukraine. (The Editorial Board / Wall Street Journal)

Sara Fischer @sarafischer

"His (Volodymyr Zelensky) leadership has put to shame the New York Times op-ed last week that ran under the headline, “The Comedian-Turned-President Is Seriously in Over His Head.” Most Western analysts "underestimated the tenacity of Ukrainians"

wsj.comOpinion | Ukraine Leads the WorldThe brave resistance to Putin is an inspiration and lesson to the world.

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Russia central bank hikes interest rates to 20% from 9.5% to bolster ruble. Russian's central bank has nearly doubled the country's key interest rate from 9.5% to 20% as its currency, the ruble, hit a record low against the dollar on the back of a slew of new sanctions and penalties… (Natasha Turak / CNBC)

Andy Verity @andyverity

If the Russian central bank is this worried about the devaluation of the rouble, the economic pressure is hurting in Russia:

CNBC @CNBC

Russia central bank hikes interest rates to 20% from 9.5% to bolster ruble https://t.co/2hDRqMTLzV

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Ukraine's Volunteer 'IT Army' Is Hacking in Uncharted Territory. The country has enlisted thousands of cybersecurity professionals in the war effort against Russia. (Matt Burgess / WIRED)

WIRED Science @WIREDScience

The country has enlisted thousands of cybersecurity professionals in the war effort against Russia.

trib.alUkraine’s Volunteer ‘IT Army’ Is Hacking in Uncharted TerritoryThe country has enlisted thousands of cybersecurity professionals in the war effort against Russia.

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How new sanctions could cripple Russia's economy. EVER SINCE Russia seized Crimea in 2014 Western sanctions have failed to bite or act as a credible deterrent against Russian aggression. The new measures targeting Russia's financial system announced by America, the EU and other allies on February… ( The Economist)

Bobby Ghosh @ghoshworld

RT @glcarlstrom: "The West's deployment of this economic weapon will also be watched with slack-jawed shock in China, which has $3.4trn of…

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