New York/London (CNN Business) Russia has defaulted on its foreign debt for the first time since the Bolshevik revolution more than a century ago. Following reports that Moscow had failed to pay about $100 million in interest on two bonds during a 30-day grace period that expired Sunday, the White House said the default showed the power of Western sanctions imposed on Russia since it invaded Ukraine. "This morning's news around the finding of Russia's default, for the first time in more than a century, situates just how strong the reactions are that the US, along with allies and partners, have taken, as well as how dramatic the impact has been on Russia's economy," a senior administration official said on the sidelines of a G7 summit in Germany. Russia denied it was in default, saying the payments had been made, in dollars and euros, on May 27 and the money was stuck with Euroclear, a settlement house based in Belgium. The historic default … [Read more...] about West pushes Russia into its first foreign debt default since 1918
When russia attacked afghanistan
Charlie Dent is a former Republican congressman from Pennsylvania who served as chair of the House Ethics Committee from 2015 until 2017 and chair of the House Appropriations Subcommittee on Military Construction, Veterans Affairs and Related Agencies from 2015 until 2018. He is a CNN political commentator. The views expressed in this commentary are his own. View more opinion on CNN. (CNN) During my first term in Congress (2005-2006), I vividly recall a surge in gasoline prices . Democrats blasted then President George W. Bush and Vice President Dick Cheney, demonizing them for their prior work in fossil fuels and the energy sector. The Democrats contended these two oilmen led an administration too friendly to the oil and gas industry and initiated a war of choice in Iraq to serve those interests. Predictably, there were calls for suspending the 18.4-cent- per gallon federal gasoline tax. Charlie Dent It was a terrible idea then just as it is … [Read more...] about Opinion: Biden wants a gas tax holiday. Here are a few better ideas
By ZEKE MILLER, DARLENE SUPERVILLE and GEIR MOULSON ELMAU, Germany (AP) — Ukrainian President Volodymyr Zelenskyy on Monday underscored the urgency of helping his country’s military improve its position against Russia in the coming months during a video meeting with leading economic powers, who in turn pledged to support Ukraine “for as long as it takes.” Zelenskyy addressed the delicacy of the moment for Ukraine in its war with Russia to the Group of Seven summit, as the leaders of the major economies prepared to unveil plans to pursue a price cap on Russian oil, raise tariffs on Russian goods and impose other new sanctions. In addition, the U.S. was preparing to announce the purchase of an advanced surface-to-air missile system for Kyiv to help Ukraine fight back against Vladimir Putin’s aggression, a day after Russian missiles hit the Ukrainian capital of Kyiv for the first time in weeks and as its military was continued a full-on assault on the last remaining Ukrainian … [Read more...] about Zelenskyy tells G-7 summit Ukraine forces face urgent moment
Patrick McEnroe is a tennis commentator for ESPN. He is a former professional tennis player and captain of the US Davis Cup team. The views expressed in this commentary are his own. View more opinion on CNN. London (CNN) When I first heard back in February that the All England Lawn Tennis Club (AELTC) was considering banning Russian and Belarusian players from Wimbledon following Russia's invasion of Ukraine, I was surprised. After all, most other major leagues have allowed individual Russian athletes to continue to work in their respective sports -- whether it's the NHL in the US and Canada, European football leagues or the World Tennis Tour. Patrick McEnroe I have gone back and forth on whether the AELTC made the right decision. But after plenty of conversations with people at both ends of this political -- because it is political -- argument, I have reached a conclusion. The club made the wrong call. On Monday, the oldest and … [Read more...] about Opinion: Why Wimbledon’s Russian and Belarusian player ban is the wrong call
(CNN) Wimbledon organizers announced on Wednesday that Russian and Belarusian players will not be allowed to compete at this year's grand slam following Russia's invasion of Ukraine. "Given the profile of The Championships in the United Kingdom and around the world, it is our responsibility to play our part in the widespread efforts of Government, industry, sporting and creative institutions to limit Russia's global influence through the strongest means possible," the All England Lawn Tennis Club (AELTC) said in a statement. "In the circumstances of such unjustified and unprecedented military aggression, it would be unacceptable for the Russian regime to derive any benefits from the involvement of Russian or Belarusian players with The Championships. "It is therefore our intention, with deep regret, to decline entries from Russian and Belarusian players to The Championships 2022," it added. The Kremlin said earlier on Wednesday that a ban on … [Read more...] about Russian and Belarusian players barred from competing at Wimbledon tennis tournament
SACRAMENTO — Elections have consequences. That’s a cliché, but clichés are born of truths. And this is a truth: If a Democrat had been elected president in 2016, we wouldn’t have a right-wing Supreme Court. If Donald Trump hadn’t beaten Hillary Clinton, gun control laws and national abortion rights would not have been quashed by the Supreme Court last week. The Supreme Court today would not have a 6-3 conservative majority. It would be 6-3 moderate-to-liberal. Parts of American life wouldn’t have been turned upside down. Trump named three conservative justices to fill seats that would have been occupied by three liberals or centrists under a Democratic president. On Friday, Trump bragged about that after the court overturned Roe vs. Wade . The former president noted he pledged during the 2016 campaign to nominate anti-Roe justices, and he did. Advertisement The abortion and other recent court decisions “were only made possible because I delivered everything as … [Read more...] about Column: With Roe overturned, will Democrats finally learn that losing parties can’t construct the court?
SACRAMENTO — Gov. Gavin Newsom called out Republicans on Tuesday for inaction on the issue of gun control, saying the party “won’t do a damn thing” in a series of tweets hours after a shooting at a Texas elementary school that left at least 19 children and two adults dead. “Who the hell are we if we cannot keep our kids safe,” Newsom wrote. “This is preventable. Our inaction is a choice. We need nationwide, comprehensive, commonsense gun safety now.” The Democratic governor also reposted a tweet from the National Rifle Assn. that promoted former President Trump as a featured speaker at its conference in Houston on Friday, marking his sixth time speaking at the annual gathering. Newsom’s dispatches, which were quickly retweeted thousands of times, were among a sea of calls on the social media platform for stronger gun control legislation in the U.S. in the wake of the deadly shooting in Uvalde, Texas, a small town about 80 miles west of San Antonio. … [Read more...] about Newsom castigates GOP over gun policy after Texas school shooting: ‘Inaction is a choice’
Rita Chatterton (center) said Vince McMahon told her that if she “wanted a half-a-million-dollar-a-year contract,” she would have “to satisfy him.” Photo: Courtesy the International Professional Wrestling Hall of Fame On August 28, 2021, Rita Chatterton, a sandy-haired 64-year-old woman, stood at a podium in Albany to receive a “Trailblazer Award” from the International Professional Wrestling Hall of Fame. The Hall of Fame was the brainchild of a wrestling fan named Seth Turner, who wanted to honor Chatterton for being the World Wrestling Federation’s first female referee. “Seth calls me and says, ‘Rita, I need you to do the Hall of Fame with me,’” Chatterton recalls. At first she refused; she didn’t want to revisit her time with the WWF, now known as WWE. But Turner finally convinced her, and she was ultimately glad she did it. “I always said I don’t want to live and die and be forgotten,” she told him. Chatterton has been forgotten before. In 1992, she came forward publicly … [Read more...] about She Was WWE’s First Female Referee. She Says Vince McMahon Raped Her.
(CNN) — Top Biden administration officials will be dispatched across the country this week to reassure Americans that combating inflation remains a top priority for the White House as prices soar and economic concerns mount, a White House official tells CNN. The travel blitz by Cabinet members and senior officials comes as President Joe Biden meets with world leaders at the G7 and NATO summits in Germany and Spain , where leaders are discussing, among other things, rising costs that have been driven in part by Russia’s invasion of Ukraine earlier this year. One White House official said the travel is designed to highlight how “Biden’s leadership on the world stage is centered around delivering for the American middle class.” READ MORE: Maryland Weather: Muggy & Cloudy With Showers Later The officials are expected to tout the bipartisan infrastructure law and outline steps the President has taken to try to bring down costs, even as Biden himself has acknowledged … [Read more...] about Top Biden Officials Plan U.S. Travel Blitz To Discuss Combatting Inflation
Roe v. Wade is dead. It is difficult to overstate the momentousness of this occasion. Today’s Supreme Court decision in Dobbs v. Jackson Women’s Health Organization will go down in history as among the most significant events in modern American politics. For pro-lifers, it is an achievement long dreamed of, and yet one that few dared hope for until recently. After 49 years under the absurd legal regime of Roe and its progeny, Dobbs is a seismic change. It will, in the immediate term, likely preserve the lives of countless unborn children. It will save many women from the misery and abuse of coercive abortionists. It will also affect our politics in ways America’s leaders are only just beginning to grapple with. (RELATED: ANDERSON: Here’s Why We Should Be Protecting Pregnancy Centers From Extremists) Now that the barbarity of abortion can once again be legally restricted, if not outlawed entirely, who will do it? How will the issue be addressed legislatively after having been … [Read more...] about SCHILLING: Roe’s Demise Is A Victory For The Family