Tuesday, October 3

Month: January 2023

How Ukraine Can be Rebuilt After the War
All Posts, Economy and Government, Opinion

How Ukraine Can be Rebuilt After the War

By Ron Ye (Image: Creative common license) It has been more than 10 months since the Russian invasion of Ukraine. Although it is uncertain when the war will end, it is certain that the amount of destruction is staggering. Russia has, in recent months, begun targeting Ukrainian infrastructure. In September, Russian missiles struck a dam that caused flooding in Kryvyi Rih, the 7th most populous city of Ukraine. Now, Ukraine faces a constant barrage of missiles from Russia that aims to take out their energy infrastructure. This is done in order to further increase the suffering of Ukrainians during the winter.  The Cost The cost to rebuild will be tremendous. In September, the World Bank claimed it would require $349 billion to rebuild Ukraine. Ukraine has suffered an ...
<strong>SBF’s Arrest Puts a Question Mark on D.C.’s Relationship with Crypto</strong>
All Posts, Economy and Government

SBF’s Arrest Puts a Question Mark on D.C.’s Relationship with Crypto

By Rohan Upadhyay Photo by Maxim Hopman on Unsplash Sam Bankman-Fried’s arrest, following FTX’s bankruptcy, has disrupted Washington’s relationship with the cryptocurrency industry. Bankman, who pleaded not guilty to charges of fraud, has lost allies in Washington as lobbyists have severed ties. This may affect lawmakers’ treatment of cryptocurrency.  This is significant because Bankman was a major lobbyist for cryptocurrencies, so the industry has lost a key figurehead. In the 2022 election cycle, the industry spent $73 million on donations to federal political candidates. Of this, FTX alone spent $72.1 million, of which Sam Bankman-Fried personally spent $39.9 million. Bankman alone gave 54.7% of the industry’s contributions.  The crypto industry is pushing for...