Addressing Russia’s economic challenges during his annual “Direct Line” Q&A, President Putin acknowledged high inflation, currently around 9.3%, driven by factors including rising food prices, a weaker ruble, and increased military spending. While blaming international sanctions for contributing to price increases, he also implied criticism of the central bank’s approach, suggesting alternative methods to curb inflation. Despite these concerns, Putin expressed confidence in the economy’s overall performance, projecting growth of 3.9-4% this year and 2-2.5% in 2024, contrasting with the IMF’s more conservative forecast. The government and central bank are tasked with managing a “soft landing” for the economy.
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Ukraine will cease all transit of Russian gas through its territory by the end of 2024, President Zelenskyy announced. This decision aims to prevent Russia from profiting from the war by disguising its gas as originating from other countries, such as Azerbaijan. While acknowledging potential financial losses for Ukraine and hardship for countries like Slovakia, which heavily relies on Russian gas, Zelenskyy emphasized the imperative of denying Russia further revenue for its war effort. He suggested a conditional exception: allowing transit only if European buyers refuse to pay Russia until the war ends, a scenario unlikely due to contractual obligations. This decision is likely to further strain relations between Ukraine and Slovakia, given the latter’s dependence on Russian gas and skepticism toward further supporting Ukraine.
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In response to intensified Russian attacks, Denmark has committed an additional $292 million to strengthen Ukraine’s air defenses. This funding supports the operation of Ukraine’s F-16s and is part of over $7.5 billion in military aid provided since the start of the invasion. The contribution follows Denmark’s delivery of a second batch of F-16s and reflects a broader coalition commitment to supporting Ukraine against ongoing Russian aggression. This aid prioritizes counteracting Russian air strikes, a critical need for Ukraine’s defense.
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Body camera footage shows Louisville Lt. Caleb Stewart citing a pregnant woman experiencing homelessness for violating Kentucky’s street camping ban, even after she stated she was in labor and her water broke. Stewart expressed skepticism about her claim and issued the citation regardless of the apparent medical emergency. This incident highlights the conflict between enforcing the new law and providing compassionate care to vulnerable individuals, particularly pregnant women experiencing homelessness. The woman later gave birth to a healthy child, but the event underscores the potentially harmful consequences of criminalizing homelessness.
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Rep. Barbara Lee (D-CA) criticized President-elect Trump for seemingly taking orders from Elon Musk, referring to Musk as an “unelected president.” This assertion followed Musk’s public opposition to a spending bill, a post subsequently echoed by Trump on Truth Social. Several other Democratic legislators, including Sens. Bernie Sanders and Rep. Pramila Jayapal, have voiced similar concerns about Musk’s influence over the incoming administration. The situation highlights anxieties regarding Musk’s apparent power and the potential for oligarchic control over US policy.
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During a Brussels press conference, President Zelensky sharply criticized Vladimir Putin’s proposal for a missile duel over Kyiv, questioning Putin’s sanity. Zelensky dismissed Putin’s claims of a near-agreement in Istanbul, labeling them an ultimatum demanding Ukrainian territorial concessions. He further refuted Putin’s accusations of Zelensky being an illegitimate leader, mocking the Russian president’s assertions. Zelensky reiterated Ukraine’s need for security guarantees and additional air defense systems before any ceasefire negotiations could begin. He emphasized that a frozen conflict is unacceptable for Ukraine.
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Big Lots’ anticipated sale to Nexus Capital Management has failed, leading the retailer to initiate going-out-of-business sales across all its stores. Despite this action, the company remains optimistic about securing an alternative sale by early January. Efforts to complete a transaction with Nexus or another buyer are ongoing. Until then, Big Lots will continue normal operations in stores and online.
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During a Charlotte Hornets game, a mascot gave a young fan a PlayStation 5 as part of an on-court skit, only to have Hornets staff later retrieve the console and replace it with a jersey. This action, captured on video and viewed millions of times, prompted an apology from the Hornets organization. The team admitted poor communication and decision-making led to the incident. Subsequently, the Hornets contacted the family, apologized, and promised to deliver the PlayStation 5 along with VIP game tickets.
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President-elect Trump expressed unexpected sympathy for Rep. Alexandria Ocasio-Cortez following her unsuccessful bid for a House Oversight Committee leadership position. Ocasio-Cortez herself acknowledged the surprising nature of Trump’s comment. Rep. Gerry Connolly secured the position, aided by Nancy Pelosi’s maneuvering, despite his recent esophagus cancer diagnosis. Ocasio-Cortez lost the vote by a significant margin of 131-84.
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Elon Musk’s significant, albeit unofficial, influence in the incoming Trump administration is sparking considerable public controversy. A majority of Americans disapprove of Musk’s prominent role, with disapproval particularly strong among independent voters. Despite this negative public perception, leading Republican figures, including House Speaker Mike Johnson, actively seek Musk’s input on crucial policy decisions, such as the recent government shutdown. This highlights the unusual degree of power Musk wields, leading some to label him the nation’s “Shadow President.” However, the longevity of this arrangement remains uncertain given Trump’s known sensitivity to shared attention.
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John Q. Hosedrinker