Lifestyle, Special Report, Americas

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But the very premise of a post-Soviet Europe is also helping to fuel today’s conflict. Putin has been fixated on reclaiming some semblance of empire, lost with the fall of the Soviet Union. Ukraine is central to this vision. Putin has said Ukrainians and Russians “were one people - a single whole,” or at least would be if not for the meddling from outside forces (as in, the West) that has created a “wall” between the two. “It’s not about Russia. Ukraine isn’t joining NATO in the near future, and President Joe Biden has said as much. The core of the NATO treaty is Article 5, a commitment that an attack on any NATO country is treated as an attack on the entire alliance - meaning any Russian military engagement of a hypothetical NATO-member Ukraine would theoretically bring Moscow into conflict with the US, the UK, France, and the 27 other NATO members. But the country is the fourth largest recipient of military funding from the US, and the intelligence cooperation between the two countries has deepened in response to threats from Russia.|The U.S. Federal Reserve building in Washington, D.C. You hear about it a few times a year: The Fed has raised interest rates, or the Fed delivered an interest rate cut after its latest meeting. Excited, you go to your local bank to check out its brand-new rates on car loans. To your disappointment, they're the same as they were yesterday. The Fed, formally known as the Federal Reserve Bank, does have a tremendous amount of power. It can just take awhile to trickle down -- which would explain your disappointment over your bank's rates.S. American finance. The Fed actually used to control the amount of money available to circulate. But these days, it has the same effect without having to turn the money spigot on and off. Economists still keep an eye on the amount of money in circulation, called money aggregates. This refers to where Americans are keeping their money. The aggregates most closely watched are in the form of things like currency and checking accounts, as well as savings accounts and mutual funds.




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