Daily Dispatches

But both nations seem to have a lot of a stronger currency, a shiny yellow metal. ...

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By Aftab Ahmed and Swati Bhat
Reuters
Thursday, May 4, 2023

India and Russia have suspended efforts to settle bilateral trade in rupees, after months of negotiations failed to convince Moscow to keep rupees in its coffers, two Indian government officials and a source with direct knowledge of the matter said.

By Ambrose Evans-Pritchard
The Telegraph, London
Tuesday, May 2, 2023

The twin crashes in U.S. commercial real estate and the U.S. bond market have collided with $9 trillion uninsured deposits in the American banking system. In the cyber age such deposits can vanish in an afternoon.

The second and third biggest bank failures in U.S. history have followed in quick succession. The U.S. Treasury and Federal Reserve would like us to believe that they are "idiosyncratic." That is a dangerous evasion.

... Dispatch continues below ...

Biden Can Steamroll Republicans on the Debt Ceiling

By Nathan Tankus
Politico, Washington
Wednesday, April 19, 2023

The threat of a real debt ceiling crisis is growing rapidly. House Republicans are still pushing steep spending cuts that the White House won't countenance, even as the Republicans remain deeply divided on a strategy. And we're now as little as eight weeks away from the "X date" when the Treasury Department no longer has legal authorization to issue new securities and fill up its checking account.

By Raul Cortes
Reuters
Saturday, April 29, 2023

MEXICO CITY -- The Mexican Senate today approved in an express session a package of laws including two constitutional reforms and a new mining law rebuked by the mining chamber and Canada.

Representatives of the president's Morena party and its allies, nearly unanimously and with little debate, approved the laws in a fast-tracked process without opposition legislators present. Legislators convened outside the chamber's usual voting location after the opposition occupied the chamber to try to prevent the session.