The International Monetary Fund expects a "deep recession" in Russia following the immense sanction regime imposed in response to its invasion of Ukraine, IMF managing director Kristalina Georgieva told CBS News' "Face the Nation" on Sunday.
The big picture: “In terms of servicing debt obligations, we no longer think of Russian default as improbable," Georgieva added.
My first crack at leadership, in the garage-band days of starting Politico, was often a disaster: I had two speeds — fast and faster — and it drove others nuts. No wonderwe soon had a reputation as a sweatshop with a high burnout rate.
Why it matters: Since then, a revolution has unfolded, with soft power replacing hard power, EQ trumping IQ, purpose rivaling profit. It is upending how everyone leads — including me.
The number of audits of Americans earning more than $1 million a year has fallen sharply over the last several years, according to a new report from researchers at Syracuse University. Yet, tax evasion is far more common among higher earners.
Why it matters: The report is another sign of how the chronically underfunded IRS is "in crisis," as we reported earlier this year.
A handful of fast-growing cities, including Miami, Orlando and San Diego, are claiming a bigger and bigger slice of America's tech workforce.
Why it matters: The rise of remote work has provided an opportunity for new cities to lure tech talent from coastal hubs, chipping away at established tech hubs' dominance.
We're filling our lives with so much junk that the U.S. now has more self-storage facilities than McDonald's, Wendy's, Burger Kings, Starbucks and Walmarts combined. That's around50,000 storage complexes.
Why it matters: We're overstuffed. And all that stuff often brings a lot more stress than joy.
Lobster prices have soared so much that restaurants are either giving their customers sticker shock, or taking it off the menu entirely.
Why it matters: The lobster price shock isn't just a supply problem or just a demand problem. It reflects both — and is a microcosm of the U.S. economy.
Sony Pictures is severing business ties with Russia, "in support of the humanitarian efforts currently underway in Ukraine,” according to a staff memo from CEO Tony Vinciquerra.
Why it matters: The news comes a day after Disney announced it would "pause" all business in the country, as well.
