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  • Russia's economic growth is masking a looming 'economic catastrophe,' researchers say

    08/22/2024 7:16:29 PM PDT · by UMCRevMom@aol.com · 170 replies
    BUSINESS INSIDER ^ | Aug 20, 2024, 3:12 PM | Jennifer Sor
    "Russia's wartime economic boom is masking much deeper problems, according to a group of researchers. The authors of a recent article, who hail from institutions including the Yale School of Management, the Wharton School, the Carnegie Endowment, and the Kyiv School of Economics, cast a stark warning for Russia's economic situation despite the nation posting strong growth numbers since its invasion of Ukraine in 2022. Russia's economy is expected to expand another 2.4% this year, according to figures from the International Monetary Fund. However, much of that growth stems from the Kremlin's wild spending spree, and Russia's economy is hindered...
  • Ukraine gives award to foreign vigilantes for hacks on Russia

    04/04/2024 12:17:16 AM PDT · by UMCRevMom@aol.com · 102 replies
    BBC ^ | 4-3-2024 | Staff
    A team of vigilante hackers carrying out cyber-attacks against Russia has been sent awards of gratitude by Ukraine's military. The team, One Fist*, has stolen data from Russian military firms and hacked cameras to spy on troops. The certificates are a controversial sign of how modern warfare is shifting. [excerpt] *One Fist is made up of hackers from eight different countries including the UK, US and Poland.