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Stop

France urges its businesses not to be in a hurry to leave Russia

Le Maire
© Ting Shen/BloombergEconomy Minister Bruno Le Maire says it would be impossible to cut off the country from the Chinese market
None of the country's corporate majors have cut ties with Russia over Ukraine conflict

One of attendees at a meeting in the Elysee Palace on Saturday, as quoted by Le Figaro, said:
"We were reminded that each company has the right to independently determine its strategy in the Russian market. The Minister of Economy and Finance Bruno Le Maire said that now it is better to pause business rather than to leave the country in a hurry unilaterally and without warning anyone."
The reported quote from the French finance minister is in sharp contrast to his earlier statements regarding the issue. Le Maire, at a European Union finance ministers' meeting on February 25. said:
"We are going to strike the Russian banks. We want to isolate Russia financially. We want to cut off all the links between Russia and the global financial system."
Representatives of French corporate majors, including Societe Generale, Engie, Airbus, Safran, Arianespace, Thales, Eramet, Air Liquide, Danone and Auchan, were reportedly invited to attend the meeting on Friday evening. According to the publication, none of the 15 French business majors operating in Russia have left the country so far.

Dollars

GoFundMe testifies that almost 90 percent of Freedom Convoy donations were Canadian

BenitezTrudeauSomgh
© Business Wire/Adrien Wyld/ReutersGoFundMe President Juan Benitez • Canada PM Justin Trudeau • NDP Leader Jagmeet Singh
The vast majority of donors to the freedom convoy in Ottawa were from Canadians, the president of the crowdfunding site told Parliament. During a House of Commons public safety and national security committee meeting, President Juan Benitez admitted that nearly 90 percent of donations to the movement were from Canada.

He said that roughly $1.2 million came from outside the US. 88 percent of the funds were donated by Canadians, with 86 percent of the donors being Canadian. Benitez told CTV News:
"We do extensive analysis on the activities that are happening on our platform. In fact, it's our goal to be the most trusted platform in social fundraising. If we were aware that something like that was occurring, those folks are not welcome to participate on our platform, those activities would have been prohibited and we would have filtered that out."
This directly contradicts claims made by both NDP leader Jagmeet Singh and Prime Minister Justin Trudeau, as well as many cabinet ministers.

Bacon

Food Price Index hit record high in February, UN agency reports

Cows
© Unsplash/Jo-Anne McArthurDairy cows in Taiwan
The Food Price Index, which tracks the international prices of a items such as vegetable oils and dairy products, averaged 140.7 points last month, or nearly four per cent up from January. This is also 24.1 per cent over the level a year earlier and 3.1 points higher than in February 2011.

Factors behind food inflation

FAO economist Upali Galketi Aratchilage had this to say:
"Concerns over crop conditions and adequate export availabilities explain only a part of the current global food price increases. A much bigger push for food price inflation comes from outside food production, particularly the energy, fertilizer and feed sectors. All these factors tend to squeeze profit margins of food producers, discouraging them from investing and expanding production."
As the Food Price Index measures average prices over the month, the February reading only partly incorporates market effects stemming from the conflict in Ukraine.

Comment: The omen of things to come...prices up, commodities down.


Oil Well

Energy Crisis in Europe worsens as natural gas prices double in a week

pipeline
© Getty ImagesNatural Gas
Europe may have dodged the bullet of gas outages for this winter, but surging prices for natural gas in Europe is quickly becoming a worrisome signal for the EU economy.

The front month gas price at the Dutch TTF hub, the benchmark gas price for Europe, has doubled just this week alone, and now sits at $204.32 per MWh as Russian gas supply fears continue to grip the market.

On Thursday, prices were trading at $221 per MWh, which was a new all-time high.

The higher prices come not only as Russia invades Ukraine, but after reports that the flow of Russian gas through the Yamal pipeline had stopped, and as pressures mount on world governments to cease all energy trading with Moscow in light of the invasion.

Comment: These scares and scarcities should propel nations to come to common sense and cooperation.


Handcuffs

Florida cop-killer given death sentence, previously given just a life sentence for murder of pregnant ex-girlfriend

Markeith Loyd
Markeith Loyd was arrested in January 2017 after more than a month on the run.
A man convicted of murdering his pregnant ex-girlfriend and then gunning down and executing a police officer while he was on the run was given the death sentence by a judge on Thursday, according to a reports.

In November 2021, Markeith Loyd, 46, was found guilty for the January 2017 murder of Lt. Debra Clayton of the Orlando Police Department. The jury unanimously recommended a death sentence during a hearing in December.

Consequently, Circuit Judge Leticia Marques announced her decision to sentence Loyd to death during a brief hearing Thursday morning, WTOP News reported.

Loyd reportedly went on one of his typical rants as he was escorted from the courtroom following the sentencing, a room filled with many of Clayton's peers.

Comment: It's notable that when found guilty of murdering his pregnant ex-girlfriend he received a life sentence, but following the conviction of murdering a cop he gets the death penalty.

See also:


Ambulance

Red Cross calls on Russia and Ukraine to agree on civilian corridors after Ukraine forces renege on first agreement, threaten evacuees

Evacuation bus Ukraine
© Janek Skarzynski/AFPUkrainian refugees from Mariupol arrive at the Polish-Ukrainian border, February 26, 2022.
A second attempt to set up a humanitarian corridor allowing residents of Mariupol and Volnovakha to safely escape the fighting in Ukraine has failed, the International Committee of the Red Cross (ICRC) revealed on Sunday.

The Russian Defense Ministry had declared a temporary cease-fire on Saturday morning in order to allow some 200,000 residents of Mariupol, along with 15,000 from Volnovakha, safe passage. That effort collapsed as officials in Mariupol accused Russia of shelling the city, while Moscow accused Ukrainian "nationalists" of not allowing the civilians to leave the cities and using them as human shields.

Comment: Russia tries again:
The Donetsk People's Republic (DPR) said that a safe passage from the surrounded Azov Sea port city of Mariupol and the nearby Volnovakha was opened on Sunday morning.

The DPR, which broke off from Ukraine shortly after the 2014 coup in Kiev, claims Mariupol as its territory. However, for the last eight years, the city has been controlled by Ukraine. It is now surrounded by DPR fighters backed by Russian troops.

The temporary ceasefire will only cover the stated areas and will not be applied elsewhere, DPR military spokesman Eduard Basurin warned. Basurin later claimed that the Ukrainian side refused to "guarantee" the observation of a ceasefire in Mariupol and Volnovakha.

Mariupol officials confirmed that the evacuation of civilians was scheduled to start at noon. The ceasefire will last from 10am to 9pm local time, they said.

The statement came after a failed attempt to organize a similar evacuation from the besieged cities on Saturday. At the time, Russia and Ukraine agreed on a local ceasefire and several safe routes. However, Mariupol officials later called off the plan after accusing Russia of shelling of the city.

The Russian Defense Ministry, meanwhile, claimed that Ukrainian "nationalists" were preventing civilians from leaving. RT was unable to independently verify the situation on the ground.



Attention

The New York Times' disgraceful and deceitful attack on RFK Jr

RFK JR
© Off-Guardian
The New York Times, floundering in the deep waters of truth and desperately trying to stay afloat in the shallows by continuing its history of lying for its CIA masters, has just published a front page of propaganda worthy of the finest house organs of totalitarian regimes.

Right below its February 26, 2022 headline denouncing Russia and Putin as evil dogs pursuant to the American empire's dictates concerning Ukraine, it posts an unflattering photo of Robert F. Kennedy, Jr. sandwiched between American flags with the title of its hit piece, "A Kennedy's Crusade Against Covid Vaccines Anguishes Family and Friends."

It's an exquisite juxtaposition: Putin as Hitler and Kennedy as a junior demon, suggestive of the relationship between CS Lewis's Screwtape and his nephew Wormwood in The Screwtape Letters. Evil personified.

The Times is big into anguish these days, not only for Nazis in Ukraine and upper-class apartment hunters who can't find a place for less than a few million, but for Robert Kennedy Jr's family and friends. It's very touching.

That his sister, Kerry Kennedy, would harshly criticize him once again is genuinely pathetic, but of course she has to add how much she loves him, ostensibly to take the sting out of her inability to remain sisterly silent.

If he is so wrong about his work with Children's Health Defense and his book, The Real Anthony Fauci: Bill Gates, Big Pharma, and the Global War on Democracy and Public Health, rather than ripping him to the press, why doesn't she or her siblings, who agree with her, write a comprehensive article or book refuting his facts?

They don't because they can't; so the next best thing is to criticize their brother to media glad for any way to disparage the Kennedys. One senses a very weird masochistic family dynamic at work.

Cut

New York Metropolitan Opera says it will fire Russian artists if they don't denounce Putin - UPDATE: Met fires Anna Netrebko

Metropolitan Opera
© WireAPMetropolitan Opera House at Lincoln Center
The Metropolitan Opera said on Sunday that it would no longer engage with performers or other institutions that have voiced support for President Vladimir V. Putin of Russia, becoming the latest cultural organization to seek to distance itself from some Russian artists amid Mr. Putin's invasion of Ukraine.

Peter Gelb, the Met's general manager, said that the Met, which has long employed Russians as top singers and has a producing partnership with the Bolshoi Theater in Moscow, had an obligation to show support for the people of Ukraine. Gelb, in a video statement, said:
"While we believe strongly in the warm friendship and cultural exchange that has long existed between the artists and artistic institutions of Russia and the United States, we can no longer engage with artists or institutions that support Putin or are supported by him. The policy would be in effect until the invasion and killing has been stopped, order has been restored, and restitutions have been made."
The Met's decision could affect artists like the superstar soprano Anna Netrebko, who has ties to Mr. Putin and was once pictured holding a flag used by some Russian-backed separatist groups in Ukraine. Ms. Netrebko is scheduled to appear at the Met in Puccini's Turandot beginning on April 30.

Comment: Driven by Western propaganda, the directives are a sad commentary on The Arts.

See also: The purge: Russian conductor told to publicly denounce Putin or lose job

Update 6 March 2022

The Met Opera has fired Anna Netrebko who - despite denouncing Russia's invasion of Ukraine, a number of times, on her Instagram account - failed to explicitly denounce Putin by name, an offense that saw her summarily canceled by the vanguard of the West's Great Leap Forward.


X

PayPal suspends services in Russia over Ukraine invasion

PayPal
Russians increasingly find themselves pinned between a growing list of services they cannot use and a shrinking number of ways to access markets that are still open to them. PayPal, the US-based payment exchange app, became the most recent company to suspend its services in Russia in opposition to Russian hostilities in Ukraine. PayPal joins a handful of companies such as Apple, Samsung, Warner Brothers, Exon, Shell, IKEA, Nike, among others.

Dan Schulman, the chief executive of the company, made the direction public on Saturday morning: "Under the current circumstances, we are suspending PayPal services in Russia," Schulman told outlets. "[Paypal] stands with the international community in condemning Russia's violent military aggression in Ukraine."

An unprecedented number of private-sector companies have decided to shun Russian markets following Russian President Vladimir Putin's invasion of the country of Ukraine. The decision of these individual corporations has placed unexpected pressure on the Russian leader to stifle his aggressions as the economic fallout — from the state and private level — continues to mount.


Comment: Considering how long they've been keeping an eye on things, it is hardly 'unexpected'.


Comment: As with all these other sanctions and boycotts, they only serve to hurt the everyday person.


Arrow Up

Best of the Web: FAO report: World food prices hit record in February

shopping cart groceries
© Twitter @pnagovphThe Food and Agriculture Organization said its food price index averaged 140.7 points in February, up 3.9% from January - a significant increase of 24.1% from a year ago.
In the second month of the year, the price index averaged 3.9 percent higher than in January and 24.1 percent above its level a year ago, which represented a new all-time high, the FAO said.

World food prices reached a record in February, driven by vegetable oils and dairy products, the Food and Agriculture Organization of the United Nations (FAO) reported.

In the second month of the year, the price index averaged 3.9 percent higher than in January and 24.1 percent above its level a year ago, which represented a new all-time high, the FAO said.

In that same month there was also a rise in the prices of cereals and meat, while the sub-index of sugar values ​​fell for the third consecutive month.

According to the monthly report of the UN specialized agency, this indicator in cereals averaged three percent more than in the previous month and 14.8 percent higher than the same period a year ago.

Comment: See also: