Prologue Journal – Page 32576 – Understanding current events through the lenses of the past and future.

‘Pointless’ to Pressure Russia Over Jailed U.S. Reporter – Moscow

Moscow Times U.S. President Biden has called for Evan Gershkovich’s release, with the White House calling the charges against him “ridiculous.” https://www.themoscowtimes.com/2023/04/06/pointless-to-pressure-russia-over-jailed-us-reporter-moscow-a80745

You Don’t Need a Banking Crisis for a Financial Meltdown

Wall Street Journal Post-2008 regulations may save us from a bank panic. The danger is every other financial institution. https://www.wsj.com/articles/you-dont-need-a-banking-crisis-for-a-financial-meltdown-regulation-credit-suisse-svb-venture-capital-hedge-funds-nonbanks-54485d5c

DOD Official Discusses Strengthening the Industrial Base

Defense.gov Defense Department officials are focused on understanding the industrial base and what it would take to expand production, as well as finding better ways to collaborate with industry. https://www.defense.gov/News/News-Stories/Article/Article/3354413/dod-official-discusses-strengthening-the-industrial-base/

Saudi and Iranian Foreign Ministers Meet in China After Thaw

New York Times The high-level talks were a sign that the regional rivals were moving ahead with an agreement to re-establish relations, mediated last month by Beijing. https://www.nytimes.com/2023/04/06/world/middleeast/saudi-arabia-iran-meeting.html

Russia’s Wagner Chief Says Cemetery for Fighters ‘Growing’

Moscow Times The mercenary group’s forces have been spearheading Russia’s offensives in eastern Ukraine, taking heavy losses. https://www.themoscowtimes.com/2023/04/06/russias-wagner-chief-says-cemetery-for-fighters-growing-a80744

German banks hit by wave of complaints from savers

Reuters Through a review of official data, Reuters exclusively revealed that complaints from consumers about banks and other financial firms in Germany rose by a fifth last year as regulators attempt to build trust in the sector. The post German banks hit by wave of complaints from savers appeared first on Reuters News Agency. https://www.reutersagency.com/en/reutersbest/article/german-banks-hit-by-wave-of-complaints-from-savers/

Buyout firm EnCap eyes nearly $3 bln of Permian asset sales

Reuters Reuters exclusively revealed that EnCap Investments is exploring the sale of two Permian basin-focused oil and gas producers that could collectively fetch the private equity firm nearly $3 billion. The post Buyout firm EnCap eyes nearly $3 bln of Permian asset sales appeared first on Reuters News Agency. https://www.reutersagency.com/en/reutersbest/article/buyout-firm-encap-eyes-nearly-3-bln-of-permian-asset-sales/

Brokerage CICC slashes bonuses as Beijing dials up income disparity rhetoric

Reuters Reuters exclusively revealed that China International Capital Corp (CICC) (3908.HK) intends to cut bonuses by as much as 40% in one of the financial sector’s biggest cuts in two years since a renewed government push to narrow income disparity. The post Brokerage CICC slashes bonuses as Beijing dials up income disparity rhetoric appeared first…

Reuters Poll: Bank of Canada will stay put this year, rate cuts unlikely

Reuters In a recent poll, Reuters learned economists believe the Bank of Canada will keep its key interest rate steady at 4.5% through the end of the year. The post Reuters Poll: Bank of Canada will stay put this year, rate cuts unlikely appeared first on Reuters News Agency. https://www.reutersagency.com/en/reutersbest/article/reuters-poll-bank-of-canada-will-stay-put-this-year-rate-cuts-unlikely/

Russian Prosecutors Seek 25-Year Prison Term for Kremlin Critic Kara-Murza

Moscow Times Vladimir Kara-Murza has been charged with high treason, affiliation with an “undesirable” group and spreading “fake news” about the army. https://www.themoscowtimes.com/2023/04/06/russian-prosecutors-seek-25-year-prison-term-for-kremlin-critic-kara-murza-a80743