Prologue Journal – Page 35966 – Understanding current events through the lenses of the past and future.

Why Interest Rates Don’t Cool Inflation Enough: They Hit the Wrong Places

Wall Street Journal Many prices less affected by monetary policy matter more for cooling inflation, giving central banks reasons to be overly hawkish. https://www.wsj.com/articles/why-interest-rates-dont-cool-inflation-enough-they-hit-the-wrong-places-890e5bba

Russia to close Finnish Consulate in St. Petersburg, expels diplomats

Washington Post The move follows Finland’s expulsion of nine Russian diplomats on suspicion of espionage but goes a step further in closing one of the consulates of Finland. The Nordic country recently joined the NATO alliance. https://www.washingtonpost.com/world/2023/07/06/finland-russia-expel-diplomats-petersburg/

Israeli murdered in terror shooting near West Bank settlement of Kedumim

Jerusalem Post MDA indicated that one person was severely wounded, with some reports indicating he was a soldier. https://www.jpost.com/breaking-news/article-749108

7 Children Injured After Car Crashes Into London School in Wimbledon

New York Times A vehicle smashed into a private elementary school for girls, the police said, adding that two adults had also been hurt. Officials said they were not treating the incident as terrorism-related. https://www.nytimes.com/2023/07/06/world/europe/car-crash-school-london-wimbledon.html

Ukraine liberates 45 soldiers and 2 children from Russian captivity

Pravda Ukraine Ukraine has liberated 45 soldiers and two civilians from Russian captivity. Source: Andrii Yermak, head of the President’s Office of Ukraine, on Telegram Quote: “We managed to bring back home from the Russian captivity 45 soldiers of the Armed Forces of Ukraine, the National Guard of Ukraine, the State Border Guard Service of…

Norilsk Nickel sells US-based distributor to TMP Metals Group

Disclaimer: TASS is Russian government propaganda, and not a reliable news source. Anton Berlin described the transaction as an opportunity to optimize the global distribution business https://tass.com/economy/1643449

Indonesia cracks down on illegal nickel exports to China as experts urge price protection for miners

Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. China received at least 5.3 million tonnes of nickel from Indonesia between January 2020 and June 2022, customs data showed. https://www.scmp.com/week-asia/economics/article/3226817/indonesia-cracks-down-illegal-nickel-exports-china-experts-urge-price-protection-miners?utm_source=rss_feed

Russian Foreign Ministry having no optimism on grain deal extension

Disclaimer: TASS is Russian government propaganda, and not a reliable news source. On March 18, Russia announced the extension of the Black Sea Grain Initiative by 60 days, until July 17 https://tass.com/economy/1643451

General Officer Assignments

Defense.gov The Army chief of staff announced officer assignments. https://www.defense.gov/News/Releases/Release/Article/3449351/general-officer-assignments/

Foreign Ministry wants White House to “not think about Moscow” when talking about Ukraine in NATO

Pravda Ukraine Ukraine’s Foreign Ministry would like the US to consider Ukraine’s membership in NATO “without thinking about Moscow”. Source: Oleh Nikolenko, the press secretary for the Ministry of Foreign Affairs of Ukraine. https://www.pravda.com.ua/eng/news/2023/07/6/7410128/