Daily Archives: 04/07/2022

RUSSIA: Ukraine invasion — How Russia rescued the ruble – NPR Newsletter

– Paddy Hirsch – NPR Planet Money Newsletter

PHOTO: A woman walks past a currency exchange office in central Moscow – Alexander Nemenov/AFP via Getty Images

Russia said last week that it wants the European countries that buy its natural gas to make their payments in rubles, rather than dollars or euros. A month ago, that might have seemed like a pretty good deal: The ruble was down 40%, at 139 rubles to the dollar, in the wake of Russia’s invasion of Ukraine.

Since that low point on March 7, however, the Russian ruble has staged a dramatic recovery. At the time of this writing, it was trading at 84 to the dollar, which is right back where it was at the time of the invasion. And this is no dead cat bounce. It’s a sharp and sustained recovery that made the ruble the world’s top-performing currency in March.

Yet all the sanctions imposed when the war began are still in place, and in some cases they’re even more robust. So how have the Russians managed to revive their currency?          Continue reading

GUYANA: ENERGY: Why not solar energy? – Opinion

Solar Panels

April 7, 2022 –

Renewable or clean energy, of which there are various forms, is not only the future, but it is what will allow generations to come to dwell on a livable planet; the science on this is indisputable. Energy which is generated by the sun, wind, water, and to a lesser extent biomass is described as renewable. In other words, it is derived from natural processes that are replenishable ad infinitum and at a faster rate than which it can be consumed.

Entreaties for a switch to clean energy date back decades, but now abound as the world continues to heat up, lurching from crisis to crisis, most if not all of which can be traced to the overuse of fossil fuels. Governments mostly dodged the calls, proffering the claim that renewable energy was too expensive – and it was. Over the years, however, the technology has improved to the point where not employing renewable energy makes no sense.

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