Inflation and Putin’s War on Ukraine

Christine Lagarde, European Central Bank President, said she plans on raising interest rates only gradually, while acknowledging that the EU’s inflation problem was steadily getting worse.

Speaking at the ECB’s annual economic policy conference in Portugal on Tuesday, Ms Lagarde said Europe’s inflation problem was deepening, but warned that the region also faced weaker growth prospects related to the war in Ukraine.

And

The ECB’s gradualism, as Ms Lagarde described its approach, reflects the larger economic blow that the war in Ukraine has dealt to Europe….

President Joe Biden (D) also (in)famously blames Russian President Vladimir Putin’s invasion of Ukraine for the high inflation in the US.

Oil Price Caps

The G-7 is floating a new sanction against Russia in response to Russian President Vladimir Putin’s invasion of Ukraine. That sanction centers on capping the price nations would pay for Russian oil.

The Group of Seven leaders are expected to agree to start work on a mechanism to cap the purchase price of Russian oil….
Leaders will direct relevant ministers in their countries to work on the details of Russian oil caps, which would create a buyers’ cartel of Western nations and their allies, the official said.

American Computer Chip Dependency

Graham Allison, Douglas Dillon Professor of Government at Harvard University’s John F Kennedy School of Government, and Eric Schmidt, ex-Google CEO and ex-Executive Chairman of Google and its successor, Alphabet Inc, in a Monday Wall Street Journal op-ed, expressed considerable concern over the US’ growing dependency on other nations for computer chips that are critical to our economy (and to our national security, I add). They proposed three steps to alleviate this dependency.

  • double down on [US’] strength in the manufacturing of less-advanced semiconductors

Border Control Failure

…by our Progressive-Democrat President Joe Biden and his pet (Harry Reid’s term) DHS Secretary Alejandro Mayorkas:

Lawmakers in Congress are sounding alarm after 15 illegal migrants with suspected terrorists [sic] ties were caught crossing the border in a single month, raising worries that some might eventually reach the stage of launching an attack.

Failure? Customs and Border Protection agents caught them, didn’t they? How is that a failure?

Here’s an Idea

The Biden administration is becoming more open about transporting illegal aliens (which administration personnel and too many in the press cynically call “migrants”) into the interior of our nation.

President Joe Biden’s Department of Homeland Security (DHS) is drafting plans to drop off migrants in American towns hours past the US-Mexico border, Republican lawmakers say.
The potential policy is one way DHS Secretary Alejandro Mayorkas is seeking to ease the influx of migrants to US border towns….

Again I Ask

I asked over the weekend where in the world is President Joe Biden (D).

I ask again on a related matter. British Prime Minister Boris Johnson was in Ukraine again last Friday, this time to meet with Ukraine’s President Volodymyr Zelenskyy regarding, among other things, a proposal to train large numbers of Ukrainian soldiers.

The training operation would instruct up to 10,000 Ukrainian servicemen for three weeks every 120 days “using battle-proven British Army expertise.”
The program is intended to help Kyiv “accelerate their deployment, rebuild their forces, and scale-up their resistance as they continue to defend their nation’s sovereignty against Russian invaders.”
International partners would also be invited to take part in the training program.

Shortchanging

And piecemeal, at that.

Recall that President Joe Biden (D) and his administration has sent to Ukraine Poland for Ukraine four multiple-launch rocket artillery systems. These HIMARS (High Mobility Artillery Rocket System) weapons are shoot and scoot weapons that are capable of launching rockets with very high precision onto targets as far away as 190 miles, but Biden has provided the systems with rockets that only can reach a bit under 45 miles. Biden doesn’t mind that at those ranges, the systems are still outranged by the Russian systems the barbarian is using in Ukraine.

It’s a Weapon that should only Work Once

Vladimir Putin is extending his murderously physical war on Ukraine into an economic war against Ukraine’s European nation supporters.

Russia’s state-owned gas giant Gazprom PJSC throttled deliveries via the Nord Stream pipeline to Germany this week….

And

Russian natural gas deliveries through a key pipeline to Europe will drop by around 40% this year, state-controlled energy giant Gazprom said Tuesday….

And

Slovakia’s state-owned gas importer SPP said it expected Thursday’s Russian gas deliveries to be reduced by about 30%, while Czech power utility CEZ said it had seen a similar fall….

And

Where in the World is Joe Biden?

Last Thursday, French President Emmanuel Macron, German Chancellor Olaf Scholz, and Italian Prime Minister Mario Draghi all travelled to Kyiv to meet face-to-face with Ukrainian President Volodymyr Zelenskyy in a show of support, even by the three European national leaders who are the most wobbly in their support for Ukraine.

Which once again raises the question: where is the guy who sits in the American leadership chair, Joe Biden?

Not in Ukraine. Not ever in Ukraine. Mostly Biden is laying low in Delaware, with occasional sojourns to the White House Oval Office to sit in the big boy’s chair at the Resolute Desk and to spend the night, like a celebrity tourist in the Lincoln Bedroom, in the Presidential Bedroom Suite.

“Negotiate”

French President Emmanuel Macron is at it again vis-à-vis Ukraine.

French President Emmanuel Macron said Ukraine would eventually have to hold peace talks with Russia, while Ukrainian troops fought hard to hold back the Russian invasion force in the country’s east.
“At some point, when we will have helped Ukraine as much as possible to resist, when I hope Ukraine will have won and fighting will have stopped, we will have to negotiate,” Mr Macron told reporters while visiting French troops in Romania.

Whose definition of victory, though? Whose definition of what’s possible? Whose definition of fighting will have stopped?