If Russia’s creditors don’t get the cash in dollars within the 30-day grace period that starts on Thursday, it would be the first time the nation defaulted on foreign-currency bonds since the Bolsheviks repudiated the czar’s debts in 1918.
Katherine Lee
Posted inBusiness, Nation & World, News
U.S. rent inflation hits new high, led by Miami with 39% rate
Single-family rental prices jumped 12.6% from a year earlier, according to the latest CoreLogic Single-Family Rent Index.
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Posted inNation & World, News
Rescuers search Ukraine theater rubble as Russian attacks continue
Ukrainian President Volodymyr Zelensky calls for more help for his country in a video address to German lawmakers, saying thousands of people have been killed, including 108 children.
Posted inArts & Entertainment
Netflix is bringing back ‘Servant of the People,’ the TV show that made Ukraine’s president famous
The show stars Zelensky, who was a comedian before he entered politics, as a Ukrainian high school teacher who unexpectedly becomes president after a video of him complaining about corruption goes viral.
Posted inNation & World, News
Space telescope’s image of star gets photobombed by galaxies
NASA’s new space telescope is showing perfect vision, with a spiky image of a faraway star that was photobombed by thousands of ancient galaxies.
Posted inBusiness, Nation & World
How will higher interest rates affect your finances?
Americans who have long enjoyed the benefits of historically low interest rates will have to adapt to a very different environment as the Federal Reserve embarks on a period of rate hikes to fight inflation.
Posted inNation & World
9 dead in Texas crash involving U. of Southwest golf teams
The Texas Department of Public Safety says nine people were killed in a head-on collision in West Texas, including six students and a coach from a New Mexico university.
Posted inBusiness, Nation & World
Fed hikes key interest rate to fight inflation, with more to come
The Fed’s quarter-point hike in its key rate, which it had pinned near zero since the pandemic recession struck two years ago, marks the start of its effort to curb the high inflation that has followed the recovery from the recession.
Posted inNation & World, News
Bodies of the dead pile up as Ukraine’s Mariupol descends into despair
Each airstrike and shell that relentlessly pounds Mariupol — about one a minute at times — drives home the curse of a geography that has put the city squarely in the path of Russia’s domination of Ukraine.
Posted inLocal & State
Maine’s high court chief justice says court backlog likely to continue
The number of pending court cases in Maine has increased about 45 percent compared to pre-pandemic levels, she told lawmakers.