Money versus Monetary Policy

Moscow Repels Another Large-Scale Ukrainian Drone Attack, Flights Briefly Grounded Russian officials are describing a large-scale Ukrainian drone attack targeting the capital of Moscow on Sunday. While not the first time, such aerial assaults so deep in Russian territory have remained somewhat rare. Moscow Mayor Sergei Sobyanin said Sunday afternoon that Russian air defenses intercepted 13 drones headed for the capital, as regional officials reported a sweeping wave of UAV attacks across western Russia - including hundreds of UAVs in total. Standard Ukrainian drone, via the General Staff of the Armed Forces of...

"Looking For Lifeline": Spirit Airlines Asks Trump Admin For Emergency Bailout Bankrupt Spirit Airlines appears to be flying on fumes, with a late Friday report indicating the budget carrier has become so desperate for cash that it has approached the Trump administration for an emergency bailout, even as creditors mull pulling the plug at any moment. Aviation news website The Air Current reports that Spirit has asked the Trump administration for "hundreds of millions of dollars in emergency funding" to offset the surge in jet fuel costs that have pushed the...

Meta To Unleash First Wave Of Mass Layoffs May 20 As It Eliminates 10% Of Its Workers The FaceBook currently known as Meta for one failed venture that incinerated nearly $100 billion in cash for its failed transformation to a virtual reality hub while laying off thousands, is at it again. As we previewed a few weeks ago, Meta - which inexplicably hasn't changed its name to AIbook yet - will proceed with the first wave of mass layoffs planned for this year on May 20, with more ‌coming later, Reuters...