Sign up for the War in Ukraine myFT Digest to stay informed on Putin’s efforts to end the war by accommodating his wishes, despite the financial instability of Russia’s war economy. With a surge in corporate debt and state-controlled lending, Putin’s illusion of funding the war without significant sacrifices is fading. As Russia faces mounting economic challenges and potential credit crises, the west must continue to block access to external funds to pressure Putin into choosing between his assault on Ukraine and his grip on power.
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Social Security: This Hidden Threat Could Cost the Average Retiree $4,440 Per Year
Social Security is vital for about 16 million seniors, preventing poverty annually, but faces challenges such as potential benefit cuts and a significant loss of buying power that could cost retirees over $4,000 each year. This uncertainty raises concerns about the program's future effectiveness as a financial lifeline for many Americans. Explain It To Me Like I'm 5: Social Security helps many older people in America have enough money to live, but there are worries...
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