in the northeast, this tax on banking capital funds like the majority of state government operations for a lot of the 19th century. they don't get around to taxing insurance company capital for like a generation after they start taxing bank capital. insurance company less capital than banks but hugely important just to the quietness through which it's handled. and the corporate profits, again, they fluctuate a lot but are really, really significant and attract a lot less political attention than banking because people are sort of familiar with the rhetoric of the sinister monopoly bank but nobody knows what an insurance company does. >> that's still true, right? >> still true today which is why perhaps other people would like to think about this topic today. >> awesome. thank you so much, hannah. i can only encourage everybody in the amy name is doug with wo. i'm the events manager at northshire's bookstore in manchester vermont, and i'm here as often with my good friend and colleague rachel person. northshire's event manager at the saratoga springs location. sh

number two, i would ask for blocking sanctions on state owned banks. lking sanctions, meaning no more doing business with russian state owned banks. if a few existing contracts need to be carved out in europe because of the energy contracts, then find a way to permit and license an individual contract, but cease doing business with russia. jonathan: natalie, thank you. we had important conversations eight years ago, and unfortunately we are having this conversations again. thank you very much for being with us, the former ukraine finance minister. a few things have happened this morning, so let me get you up to speed. we have got a report, and understanding that putin has spoken to his spokesman at the kremlin, and the kremlin has said on that "ft report," "some correct elements, but on the whole, wrong." on the united states in this relationship between russia and china, president biden will speak with xi jinping this friday about russia. that is an important conversation. lisa: possibly the most important conversation diplomatically this week, conside

we move all state banks from the s.w.i.f.t. te owned energy companies, the state-owned commodity and transportation companies. with we need to be more complete and more urgent. >> do you think that will have an impact? it seems as though vladimir putin has not been swayed so far by very, very severe sanctions that have already been put in place that go beyond anything that's ever been implemented before. are you suggesting that the whole energy sector should be cut off? germany, among other countries has expressed its opposition to that idea because it relies so much on russian energy. >> i understand that it seems possibly for germany, for the european union to do this. but not winning this war right now, not defeating putin will be much more costly than what they're thinking about with energy. >> so let's talk a little bit about china as well, because russia is asking china for assistance. i wonder, what do you think that says about where vladimir putin thinks his war effort stands right now? >> i think there is good news and

how risk insurance changes the state. >> okay. so banks, so insurance as insurance companies and state charter businesses, their lives are very intertwined with state bank. i think i mentioned that insurance companies need places to put their money so they put them in, they're friendly local bank and they buy shares in their friendly local bank. so these numbers of charters often attracts very closely together and often the same guy will have a hand in both local corporations at the beginning, they are often political allies. they found the same kinds of corporations. what's interesting is is how corporations lose their partisan flavor because states find it easier to chart new corporations than to try to compound the old ones. everybody just sort of decides that proliferation's of banks insurance companies are in their best interests. so insurance companies investment banks, banks do a lot of services for insurance companies. they, so if a merchant essentially pays for an insurance policy with an iou and then the, which he has to pay what

the state banks that have been sanctioned by both the us and the uk and the eu are really integral toalready seeing a run on the banks, people are queuing to change money and to take out their deposits. so, um, putin is really facing, er, a backlash which he's never experienced before. sanctions are a blunt instrument. it's not a silver bullet that changes behaviours of dictators such as putin. but i think it, er, these sanctions, they do decrease support for putin among his close and wider circle. russia's invasion has now caused more than half a million ukrainians to flee the country. we have spent nine hours in the trafficjam leading to the border. ksenia is one of them, she's now at the moldovan border. a brisk 15—minute walk and finally i am at the border, checkpoint polanka. as you can see, lots of people trying to cross it on foot. the next day she makes itacross moldova to safety in romania. there is nothing really to celebrate and it's not that we can say that we are happy or even, you know, pleased, just because everyone, every single one of us had to leave someone behind. i

this for sure, including the threats to individual delegates regarding the assets under united states bank accounts, children studying in universities and so on and so forth. it's absolutely not an unprecedented blackmail and pressure i was out any scruples. so majority of those countries who whoa did the, with the wrist, they did not, and they would not enter your sanction. cindy's rush, they believe that it's, you know, not very big price to pay for their own practical cooperation was russia and just the road on something which is needed for the worst, for him, daily, propagandistic purposes. so we will be as always, open to go. duration was any one who is ready to do so on the equal basis of the basis of mutual respect and searching for balance of interest. and of the countries in the east or fresher, much more, much more disposed to act on this basis. and we will certainly reciprocate for the, for the, for the benefits of both us and our partners. now we're not closing the door on the west. they are doing so. but when they come back to their census, and when this door use reopened, we

and tonight that states bank accounts, children studying and universities and so on and so forth. you steps a lutely and unprecedented black mail and pressure. i was out the new scruples. so majority of those countries who wrote it that we do as they did not and they would not enter into essential use rush. they believe that it's, you know, not very big price to pay for their own practical cooperation with russia just the world or something which is needed for the worst for entirely problem a district purpose. so we will be as always, open to cold duration was any one who is ready to do so on the equal basis of the basis of mutual respect and searching for balance of interests. and the countries in the east or fresher, much more, much more disposed to act on this basis. and we will certainly reciprocate for the, for the, for the benefits of both us and our partners. now we're not closing the door on the west. they are doing so, but when they come back to their census, and when this door use reopened, we will be looking at proposed projects of coal duration with very important thin

banks. they've also caught the ability of the russian state to access capital markets. their asset freezes and cromwell bands for a number of individuals, including russian president vladimir putin, himself, as well as politicians and oligarchy, who are close to him and other sanctions target the technology sector. the e. u will stop supplying high tech components and software to russia and the u. s. says it will restrict rush has access to semiconductors, computers and telecoms equipment central im here in the studio now for more is steven and beardsley from the business. hi, stephen of rubel, its plummeting. does that mean that western sanctions are already having an effect response of the sanctions? we could say, right? we know that people don't want to be tied to a currency that's going to be incredibly limited, and that's going to be the case of the ruble. and so wants that currency starts being traded in such a heavy way then that the values it and then people want to get rid of even more they do that. and so that precipitates the fall, the thing is, we haven't ev

if the state banks are felling failing and then the country itself is potentially in default, what happens to your state pension for example? and so this is the pressure that's being put on people. and he said the stakes are hi, amber. could these sanctions, i mean, could they actually be enough to change putin's mind to bring an end to this war? that's the question, right? no, and no one really knows. you know, you're looking at something that is going to undermine a state and society in such a way. you can only imagine that there would have to be a lot more pressure than there had been previously. and so i think that's the thinking here. obviously want to target the war machine itself. and by doing, by charging the reserves, for example, we both heard about the central reserves, the access that they're going or i should say, the freezing of these reserves that are overseas. that means that basically taking securities and us dollars, euros, put, and can't just liquidate that into cash, that you can then use to buy more war machinery or whatever you want to call it. and so that limits his

many banks have been excluded from the global payment system. swift and a big chunk of state assets have been frozen. while russia has dollar reserves of $640000000000.00, the country central bank is unable to access about half of that due to the sanctions. rushes international bonds are worth about $40000000000.00. $117000000.00 are due today, while the principle payment of $2000000000.00 is due on april 4th, the ration finance minister and tonsil one of said moscow will pay it sets in roubles if western sanctions kept blocking access to its dollar reserves. credit ratings agency fetch warned that pain in rebels with constitute suffering default if russia warm transfer dollars to its creditors within the next month. the international monetary fund much as rushes economies now projected to decline significantly, and what impact will that had to the global autonomy? let's remember that the reason there unprecedented sanctions is because the unthinkable happened. a devastating war in ukraine and the impact of the sanction is quite severe for the russian economy. we expect deep recession in

decided instead of supporting russia they abstained, and from other signs that apparently chinese state banks many expected, yet. but china did lift the ban on importing russian wheat. and energy, of course, china's buying lots of energy. so those things will offer russia money. of course, china has a kind of sort of mirror version of that in taiwan, doesn't it? and i remember seeing something on weibo, the chinese equivalent of, i don't know, twitter or whatever, somebody writing, "now would be a good time to go into taiwan." do you think that is what the leaders believe? we did see a lot of what they call the wolf warrior youth, or some of the really hot—blooded nationalists online, even taunting taiwan, saying, you know, the ukrainians are demonstrating to you what's going to happen if you keep pushing for it. but now i think even the officials have come out on a couple of occasions saying, "please do not link the two, "they are not the same issue." the taiwanese presumably would resist with something of the ferocity of the ukrainians, and the west would take the same action, sort of actio

since late 2020 facebook recently banned the accounts of state bank channels. our te and ria news agency from moscow door said your body has more on the new media law, which includes prison sentences. right. and yeah, and then you know, to war was the final statement broadcast on russia's last independent tv channel, tv, rain, all its employees, walked out and protests against what the c, a severe government censorship and in its final seconds on air. it showed this a nod to russian history. this one like ballet performance was broadcast on state tv in the soviet era, either at times of political crises or after the death of a leader. it was famously shown in 1991 during the attempted coup that contributed to the end of the soviet union. for many here it's now become a symbol of broken dreams and political instability. tv rain was founded in 2010, with the motto, talk about important things with those who are important to us. now, after the start of russia, so called special military operation in ukraine, this channel is no longer able to continue because of go

know, instead of supporting russia, they abstained, and from other signs that apparently chinese state bankstended loans to russia as many expected yet. but china did lift the ban on importing russian wheat and energy. of course, china is buying lots of energy. so, those things will offer russia money. of course, china has a kind of sort of mirror version of that with taiwan, doesn't it? i remember seeing something on weibo, the chinese equivalent of, i don't know, twitter or whatever, somebody writing now would be a good time to go into taiwan. do you think that's what the leaders believe? we did see a lot of what they call the wolf warrior youth, or some of the, you know, the really hot blooded nationalists online, and even taunting taiwan, saying, you know, the ukrainians are demonstrating to you what's going to happen if you keep pushing for it. but now i think even the officials have come out on a couple of occasions saying, you know, please do not link the two. they're not the same issue. the taiwanese presumably would resist with something of the ferocity of the ukrainians, and the we

discrimination by facebook's owner. met platforms since late 2020 place because banned the accounts of state bank channels on t and ria news agency. a kathy keeley is with the university of missouri school of journalism in the u. s. she says, journalists, no matter where they're based, we'll find ways to report news to russians. i think that's the thing. i think that's why putin as so frustrated because nobody believes is propaganda and, and so it's, it's very difficult for him to get his message across. and he thinks that by stifling other voices, somehow he'll be able to dominate the conversation. but instead, you know, it really shows him the gas lights are off. now. this is a guy who's been gas lighting the world through social media through spreading lives on social media. that's why i find the shutdown of facebook. so ironic. and now he's turned up the lights and exposed himself for exactly what he is, which is a strong man, a dictator, somebody who will brook now, dissent and doesn't want a free president and really isn't interested in the truth. but i think in the end it's a very sad day

so that convents the issue of giving it directly to iranian state banks, which currently is not allowed to do because of those functions. nevertheless, the families of not means ago, ratcliffe, and of course, a new sure re surely me really to know that they are coming back. there are still question mark surrounding what is the exact status of the third's or iranian british individual murat tobaz. he also holds american nationality as well. the form is still is trusted, that he was treated particularly badly, but he is now at his home into iran. no doubt waiting to know when he can return back to the u. k. meanwhile, not sitting in a cigar, iraq, if an initial jury have the ordeal behind them now and they have just recently stopped talk, but touched on in oman, ready to be taken onto another flight that will bring them directly to the u. k. later in the day, usually for their families, i imagine thank you very much for that. when you go go live for a sarah in london. taiwan has held military drills on islands close to their chinese mainland as tensions remain high with bridging the exerc

number two, sanctions on the state owned banks. ng sanctions meaning no more doing business with russian state owned banks. if a view existing contracts -- if a few existing contracts need to be carved out, find a way to permit by license an individual contract. but stop doing business with russia. shery: ukraine's former finance minister speaking to bloomberg earlier. we are seeing wti at the moment rebounding .3%. this after oil rose above $100 a barrel in the new york session after trading below the level for the past two days. russia casting doubt on progress in talks with ukraine, leading to support in the oil space. following european natural gas futures. rose after russian pipeline shipments dropped. stoking concerns of potential supply disruptions amid the war in ukraine. futures surged as much as 11% before pairing the gains. gold holding below $2000. this after advancing the second day in new york. investors weighing the trajectory of the fed rate hikes. and the ongoing war in the ukraine. following nickel very closely, gi

countries, it's important to realize that 70 percent financing comes from heavily faced entities and state banks are very significant, particularly in asia and particularly in china. so while it tried to concentrate on potentially funding coming from the private sector and finance markets, you've got to remember a lot of this is coming from governments themselves and they are cross funding. now the very important announcement came from china. the call where they said they would get out of fan and coal stations outside of china that is considered significant and could not 40 gigawatts of that 280 number. so we'll have to wait and see out plays out. but that's a useful announcement. one of the arguments we often hear is that investment in fossil fuels is still needed on tail countries make that transition to something a bit healthier? is that true? well, i mean, i think it depends on your so called scenario. so i don't get too technical, but so we're talking now let's wide and beyond cold oil and gas as well. fossil fuels. and let's talk about the, the, the major's sort of push in the world, which

>> the second bank of the united states was a very powerful institution. we don't have anything like it. it was a central bank, like the central banks in europe, but it was run by a private board of executives, chosen pretty much by nicolas bidel, head of the bank. >> it wasn't a government entity? >> no, it was chartered by the government, government did not run it and as i said before it picked winners and losers, decide to invest in, you know, this shoe factory in massachusetts, which means you won't invest in a different shoe factory somewhere in upper new york state. also at a time before the government printed money, the bank of the united states printed the currency, people in the eastern united states at least used when they used paper money. so it was sort of a, a political enterprise unto itself, unelected, appointed only by people who ran the bank and jackson believed that this was against all the principles of democracies as he understood it, also the fact that it was, in philadelphia, very wealthy neighborhood, it just, he was a poor boy from t

this for sure, including the threats to individual delegates regarding the s of sim tonight that states bank accounts, children studying in universities and so on and so forth. insteps a lutely, unprecedented blackmail and pressure. i was out in his scruples. so majority of those countries who whoa did that with us? they did not, and they would not entering essential yes, rush. they believe that it's, you know, not very big price to pay for their own practical goal duration was russia just the world or something which is needed for the worst, for him, daily, propagandistic purposes. so we will be as always, open to go. duration was any one who is ready to do so on the equal basis of the basis of mutual respect and searching for balance of interest. and the countries in the east or fresher, much more, much more disposed to act on this basis. and we will certainly reciprocate for the, for the, for the benefits of both us and our partners. now we're not closing the door on the west. they are doing so. but when they come back to the census, and when this door is reopened, we will be looking at p

we need to guard against all state banks. l the state energy companies, all the state commodity companies and all the state-owned transportation companies. we need to be more complete and more urgent. >> do you think that will have an impact? it seems as though vladimir putin has not been swayed so far by very, very severe sanctions that have are ready been put in place beyond anything implemented before. are you suggesting the whole energy sector should be cut off? germany among other european countries have expressed that. >> i understand that it seems costly for european union to do this. but not defeating putin would be much more costly than what they're thinking about with energy. >> well, that was natalie jaresko. >>> in another troubling development, the staff at the chernobyl nuclear power plan is so tired that the workers have stopped carrying out repairs and maintenance of safety equipment. that's not very reassuring according to the international atomic energy agency. they said physical and psychological fatigue wor

if the state banks are felling failing and then the country itself is potentially in default, what happens to your state pension for example? and so this is the pressure that's being put on people. and he said the stakes are hi, amber. could these sanctions, i mean, could they actually be enough to change his mind to bring an end to this war? that's the question, right? no, and no one really knows. you know, you're looking at something that is going to undermine a state in society and such a way. you can only imagine that there would have to be a lot more pressure than there had been previously. and so i think that's the thinking here. obviously want to target the war machine itself. and by doing, by charging the reserves, for example, we both heard about the central reserves, the access that they're going or i should say, the freezing of these reserves that are overseas. that means that basically taking securities and u. s. dollars, euros, put and can't just liquidate that into cash, that he can then use to buy more war machinery or whatever you want to call it. and so that limits his opt

many banks have been excluded from the global payment system. swift and a big chunk of state assets have been frozen. while russia has dollar reserves of $640000000000.00, the country central bank is unable to access about half of that due to the sanctions. russia's international bonds are worth about $40000000000.00. $117000000.00 are due today, while a principle payment of $2000000000.00 is due on april 4th. the ration finance minister and tonsil one of said moscow will pay it sets in roubles if western sanctions kept blocking access to its dollar reserves. credit ratings agency fetch warned that pain and rebels with constitute suffering default if russia warm transfer dollars to its creditors within the next month. the international monetary funding, much as russia's economy, is now projected to decline significantly and what impact will that had to the global autonomy? let's remember that the reason there unprecedented sanctions is because the unthinkable happened. a devastating war in ukraine and the impact of the sanction is quite severe. for the russian economy. we expect deep rec

all the state banks are cut off.ing a quick exodus from the russian market. i think the big challenge for us and for the ukrainians, too, is to get more information to the general public and russia. those that watch state tv are not yet enaware of the scope of the russian operation, the fact that they're actively bombing one of everybody's favorite cities, kyiv. if we can use social media and other methods to get real information in to the russian audience, that could accelerate the process of undermining putin's base. >> neil: get the word out. the truthful word. thanks, ambassador. good seeing you. thanks for taking the time. the pinch is still on. this is the pinch for the globe. higher energy prices still going higher. can you say $4 gas? make $5 gas? after this. orate into thin air. which leaves us to wonder, where does it go? does it shoot off like a rocket? or float off into the clouds? daddy! or maybe it takes on a life all its own. perhaps you'll come up with your own theory of where the stress goes. behind

he even started the state infrastructure bank, the first of any state in the nation. his leadership was instrumental in the implementation of several transportation projects across the state of something sfnlgt buck was a pillar of the charleston community, the consummate entrepreneur, while he will be sorely missed, his legacy will live on in our state for decades to come. i offer my sincerest condolences to the limehouse family. i yield back. madam speaker, i rise today because for over three decades buford has served as the backdrop for dozens of major motion picture films, including "for rest gump," the big chill" and others. today i rise to recognize the extraordinary contributions of ron tucker and his team at the beaufort film society. this past month the society recognized aspiring filmmakers at the 16th annual beaufort international film festival. over 10,000 attendees from four continents, eight countries, 32 states gathered at the university of south carolina beaufort for this event for this exhibition of independent films and documentaries. after such a sp

going to invest in a different shoe factory somewhere up in new york state they also at a time before the government printed money the bank united states printed the currency that most people in the eastern party united states at least used when they used paper money and so it was a sort of a a political enterprise unto itself unelected appointed only by people who ran the bank and jackson believed that this was against all the principles of democracy in as you understood it also the fact it was in philadelphia and a very wealthy neighborhood. it just was he was a poor boy from the carolinas who made his way up and he he didn't like the call hit a cultural antagonism towards the bank as well. i think yeah budges i heard yeah often often with a weapon. yes several duels and and so when when the congress which was controlled by by people who become whigs later on voted to recharter the second bank had to be retarded every 20 years. what do we charter it? he vetoed that and they could not muster the two-thirds to override his veto. he said at one point to martin van buren who was his vice president and later successor. he sa

>> well, i would urge that we sanction all the state banks, not just a select few. state commodity companies, state logistics companies. and the reason to do that is to isolate out this economy, and put sufficient pressure on the economy, on the elites, on the average citizens to cause putin to stop the war. >> so, it's interesting. and it's important you point that out because obviously hear about the economy that could shrink by 30% in months but yet it's significant as you point out there is more that could be done that would be very significant. now, the consequences, of course, are -- are -- are painful in russia but beyond that, also, painful, right, around the world and the world food program is warning that other countries are going to really feel this from the war because of ukraine. and ukraine not having a planting season. they are a huge food supplier. here is the head of the world food program. >> you have planting season starting again in ukraine in about a month. well, guess where -- where all the farmers are. they got guns in their hand, defending the

countries, it's important to realize that 70 percent financing comes from government based entities and state banks are very significant, particularly in asia and particularly in china. so while it's right to concentrate on potentially funding coming from the private sector and finance markets, you've got to remember a lot of this is coming from governments themselves and they are cross funding. now the very important announcement came from china. the call where they said they would get out of funds and coal stations outside of china that is considered significant and could not 40 gigawatts of that 280 number. so we'll have to wait and see how it plays out. but that's a useful announcement. one of the arguments we often hear is that investment in fossil fuels is still needed on tail countries make that transition to something a bit healthier? is that true? well, i mean, i think it depends on your so called scenario. so i don't get too technical, but so we're talking now let's wide and beyond cold oil and gas as well. fossil fuels. and let's talk about the, the, the major sort of push in the world,

discrimination by facebook's owner. mega metal platforms, since late 2020 facebook has bound the accounts of state bank channels r t and r i a news agency. now in response to russia, new law matters had a global affair. neglect tweeted this. millions of ordinary russians will find themselves cut off from reliable information to prior to their everyday ways of connecting with family and friends in silence. from speaking out, we will continue to do everything we can to restore services, so they remain available to people to safely and securely express themselves and organize for action. i'll just there is dorothy jabari is in moscow. she has more on the new media law, which includes prison sentences. and you're playing yeah. touch than you know, to war was the final statement broadcast on russia's last independent tv channel, tv, rain, all its employees walked out and protests against what the c, a severe government censorship. and in its final seconds on air. it showed this and nod to russian history. this one like ballet performance was broadcast on state tv in the soviet era, either at times of politi