Latest Updates on war in Ukraine

Ukraine as on day 158 in tatters. According to the UN estimates of about 9.9 million have fled Ukraine mostly in Poland, Slovakia, Hungary, Romania, Moldova, Belarus and Russia. The first shipment of grain is expected to leave Ukraine as early on August 1st. A deal was brokered for an uninterrupted shipments of grain leaving Ukraine in the Black sea. Ukraine's Zelensky says grains have been halved because of the war. The deal is expected to last for four months. The war has hit badly economies that have so long been dependent on ukraine's supply of grain. There are no early indications of either sides giving into or giving up. Russia seems impertinent and the cries seem to go unheard daily by russia. On the other hand Russia hasn't achieved any of it's objectives. It's likely to end only as a tirade of war of words just as it started as russian military exercise prior to February 23rd. The real victor will be russia's biggest mistake of the decade. This war will not last more than four months from now in my opinion. Beyond this there's no much scope for this to go on. Russia is today almost on it's knees, before any more shame for Russia, it will begin to withdraw to it's pre-feb 23rd positions. Another four months is the final position as on today this is being written.

Comments

Banking & Finance: Mint

In the world of banking, a mint is not a place where coins are made, but rather a term used to describe a financial institution that has been granted permission by a central bank to issue banknotes. This role is also known as a note-issuing bank or a currency board. The concept of a mint in banking is rooted in the history of currency. In the past, coins were minted by governments or private entities, and they served as a means of payment and a store of value. However, as economies grew and trade expanded, the demand for larger denominations of currency increased. This led to the development of banknotes, which were issued by private banks as a way to facilitate transactions and provide a convenient alternative to coins. As the use of banknotes grew, governments became concerned about the potential for inflation and the impact of private banknote issuance on the overall stability of the economy. In response, central banks were established to regulate the issuance of banknotes and ensur...

Kamala Harris: Missing the Moment to Define Her Leadership

Transcript: The recent debate featuring Kamala Harris and Donald Trump was an important moment for the Democratic nominee to solidify her position as a leader. Yet, instead of seizing the opportunity to project confidence and vision, Kamala seemed to falter, weighed down by personal fears and memories of long-standing struggles. A key point that stood out was how Kamala Harris seemed to forget the very words she once made her mantra in her career as a prosecutor: "Kamala Harris for the people." These five words, often repeated by her during her time in courtrooms, represented her fight for justice and equality. However, during the debate, this sense of purpose seemed absent. The stage was set for her to remind everyone why she was the candidate for all people, but she failed to deliver a message that would resonate on that larger stage. Rather than focusing on a forward-thinking vision, Harris spent much of her time reflecting on the negatives, particularly issues of racism, ...

Finance & Banking: Brief history of the modern bank

The history of the modern bank can be traced back to ancient times when people used various methods of storing and exchanging wealth. One of the earliest forms of banking originated in Mesopotamia around 2000 BC, where temples served as the first lenders. These temples provided loans to farmers in the form of grain or silver, with interest rates varying depending on the time of repayment. In ancient Egypt, the precursor to modern banking emerged with the establishment of grain banks that stored surplus crops and provided loans to farmers during periods of scarcity. These banks also served as intermediaries for international trade, exchanging goods for gold and silver. The concept of banking continued to evolve in ancient Greece and Rome, with moneylenders and wealthy individuals offering loans to merchants and traders. The Romans, in particular, developed a sophisticated banking system that included the issuing of promissory notes, letters of credit, and the establishment of the first ...

Francis Hector's Official Website

Search This Blog