Politicians in the West often do not understand market economics, so it is understandable that a former KGB spy uses fiat instead of making a business deal. Policymaker Disconnect Politicians in the West often do not understand market economics, so it is understandable that a former KGB spy uses fiat instead of making a business deal. At this juncture:
Russia's Central Bank has spent $10 billion trying to prop up a falling ruble. Western banks are backing off on lending money (Russia's foreign debt grew by $200 billion during the past two years to $732 billion). Western credit card companies have stopped clearing transactions. Russia's credit rating has been dropped to negative–raising its borrowing costs. The once sluggish economy...
Key Takeaways: Drought remains a major threat to global agricultural production, particularly in regions with limited rainfall and growing water scarcity. Commercially available drought-tolerant traits in corn, soybeans, and wheat have generally delivered modest yield improvements, limiting th...
