Plummeting rouble loses central bank support

FINANCIAL TIMES: The Central Bank of Russia announced an effective free float of the rouble on Wednesday, a step which triggered a fresh plunge in the currency but is intended to eventually stabilise it. Hammered by falling oil prices and western sanctions, the rouble has lost more than a quarter of its value against the […]

Seeking New Tools to Address a Wage Gap

Washington already redistributes income from the rich to the poor. Richard Burkhauser and Philip Armour from Cornell and Jeff Larrimore from the Joint Committee on Taxation have become heroes to the right by trying to establish that government redistribution has, in fact, erased the trend of increasing inequality…

Pennsylvania’s challenging elections

READING EAGLE: …Most states let voters cast a ballot before Election Day, either during an early voting period or by absentee ballot. Pennsylvania is one of 14 states that require an excuse to receive an absentee ballot, and it makes no other concessions for voters’ busy schedules, according to a survey by the National Conference […]

Ukraine’s Rebel Leader Is Sworn in, Crisis Deepens

NEW YORK TIMES / REUTERS: A pro-Russian separatist leader was sworn in on Tuesday as the head of a self-proclaimed ‘people’s republic’ in eastern Ukraine in a ceremony that worsened a standoff with Russia. Alexander Zakharchenko, who was elected in a rogue vote on Sunday that was denounced as a “farce” by Kiev and illegitimate […]