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Equity Week Ahead: The Worst of Inflation May Finally Be Over

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Equity Week Ahead: The Worst Of Inflation May Finally Be Over
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The figures could change the calculation of the Federal Reserve, which is guaranteed to raise interest rates again at its next policy meeting on September 21. The question is how much?

Traders are still predicting another three-quarters of a percentage point rise, or 75 basis points, the third consecutive move of this size. And Fed Chairman Jerome Powell said last week that “the Fed has, and accepts, responsibility for price stability. We must act now.”

But could the odds of another massive rate hike diminish if inflation data continues to suggest that “price stability” might finally be closer to reality? Consumer Price Index (CPI) figures will be released on Tuesday morning while Producer Price Index (PPI) figures will be released on Wednesday.

Economists currently expect consumer prices in August to decline slightly from July, and prices are up 8.1% over the past 12 months. Of course, 8.1% is still incredibly high by historical standards, but that would be a noticeable slowdown from the 9.1% year-over-year price surge in June.

Opinion: We Could See Slow Economic Growth For The Rest Of The Decade

“We’ve probably seen the peak of inflation. Food and energy prices are down. There’s more room for the downside,” said Joe Kalish, chief global macroeconomic strategist at Ned Davis Research.

Investors seem to be grudgingly accepting the likelihood of the Fed raising rates another 75 basis points in a few weeks…regardless of what the August inflation data indicates.

But traders are hoping September’s rate hike will be the last of such magnitude. Assuming the Fed raises rates by three-quarters of a point on September 21, this would bring interest rates back to a target range of 3% to 3.25%.

Look at Federal Funds futures on the CME for November. At noon on Friday, investors were pricing in a 70% chance of a half-point hike at the Nov. 2 Fed meeting … within a range of 3.5% to 3.75%.

There was only a 10% chance of a fourth consecutive 75 basis point increase, however, which could be one of the reasons stocks have rebounded so far in September after falling in august.

Price increases slow and consumers continue to spend

Wall Street is clearly betting that inflation trends will continue to move in the right direction. Economists also expect producer prices, or the cost of goods at the wholesale level, to decline slightly in August. Forecasts call for a drop of 0.1% from July to August, after a drop of 0.5% from June to July.

Producer prices jumped 9.8% year-on-year in July, but that’s down from June’s high of 11.3%. Any further slowdown would likely be welcomed by the market, the Fed and consumers.

This brings us to retail sales. Consumer spending figures for August are due Thursday morning. The government announced last month that retail sales rose 10.3% year-on-year in July. It will be interesting to see if this rate of sales accelerated in August or if it slowed down.

The Fed is in a difficult situation. He wants to calm inflationary pressures and the way to do that is to raise interest rates dramatically. But the Fed would also like to avoid a recession if it can, which is why some are still hoping for a soft, or “soft” landing for the economy, as Powell said in May.
Fed Officials to the Markets: You Can't Stop UsFed Officials To The Markets: You Can't Stop Us
Powell also spoke about rate hikes and inflation causing “some pain” to the economy during his speech in Jackson Hole last month. This could be an argument for the Fed to make smaller rate hikes…as long as inflation continues to subside.

And this is the key point. Investors need to pay more attention to inflation data than what Powell or other Fed members are saying. The Fed remains dependent on data, which is why the odds of a rate hike are constantly changing.

“There has to be a compelling downward trend in inflation. We’re not there yet,” David Donabedian, chief investment officer of CIBC Private Wealth US, said in a report on Friday.

Great technologies at your service

The economy isn’t the only thing in the spotlight next week. Two software giants, Oracle (ORCL) and Adobe (ADBE), will publish their latest earnings. Investors will be on the lookout for clues about the state of technology spending by big companies.

Shares of both companies have fallen this year, along with the rest of the tech sector and the market in general. Oracle is down almost 15% while Adobe plunged more than 30%.

But analysts expect solid sales growth from both companies…nearly 15% for Adobe from a year ago and an increase of nearly 20% for Oracle.

An investment strategist said big tech companies like Oracle and Adobe make sense for investors.

From WFH boom to RTO bust.  Could a Zoom takeover be next?From Wfh Boom To Rto Bust.  Could A Zoom Takeover Be Next?

“We have big tech that is much more mature and established,” said Suzanne Hutchins, head of real returns strategy and senior portfolio manager at Newton Investment Management.

The results from Oracle and Adobe will also serve as a preview for the deluge of third-quarter tech earnings that will arrive later in October. Solid results from these two could be a good sign for Microsoft (MSFT), SAP (SAP), IBM (IBM) and other cloud software companies.
However, recent revenues from Selling power (RCMP), which was cautious about its guidance, could be a warning sign for both companies, according to Daniel Morgan, senior portfolio manager at Synovus Trust Company. Oracle and Adobe could also be affected by the soaring dollar, as it will reduce profits from their international operations.

“Both companies generate more than 40% of sales outside the United States,” Morgan noted in a report.

Next

Monday: Chinese markets closed; Oracle revenue

Tuesday: US CPI; Starbucks (SBUX) investor day; Twitter (TWTR) general meeting to vote on the acquisition of Elon Musk

Wednesday: American PPI

Thursday: US retail sales; weekly jobless claims in the United States; meeting between Russian Vladimir Putin and Chinese Xi Jinping; Adobe revenue

Friday: consumer sentiment in the U. from Michigan to the United States; Retail Sales, Unemployment and Other Economic Data in China

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Defense contractor L3Harris close to deal to buy part of Viasat’s government systems unit, sources say

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Defense Contractor L3Harris Close To Deal To Buy Part Of Viasat'S Government Systems Unit, Sources Say
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Asian stocks are generally down as recession fears intensify

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Asian Stocks Are Generally Down As Recession Fears Intensify
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BANGKOK — Asian stocks were mostly down on Monday after Wall Street ended a miserable September with a 9.3% loss, the worst monthly decline since March 2020.

Tokyo rose while other regional markets declined. Shanghai was closed for the week-long Chinese National Day holiday.

Japan’s Nikkei 225 index gained 1.1% to 26,215.79 after a quarterly Bank of Japan survey showed manufacturing sentiment had darkened, reflecting rising costs, weaker yen and ongoing pandemic-related restrictions.

The main measure of the “tankan”, measuring the sentiment of large manufacturers, was plus 8, compared to plus 9 in the previous quarter. The tankan measures business sentiment by subtracting the number of companies that say business conditions are negative from those that say they are positive.

“Today’s Tankan survey suggests that while the services sector is benefiting from the diminishing virus wave, the outlook for the manufacturing sector continues to deteriorate,” said a report from Capital Economics. He noted that this was the third consecutive drop in sentiment for the Third World. greater economy.

The BOJ has kept interest rates below zero in a longstanding effort to encourage inflation and contain deflation as the country ages and its population shrinks. This has kept the value of the yen low against the US dollar, which has strengthened as the Federal Reserve raises rates to combat decades-high inflation.

The dollar was trading at 145.04 yen early Monday, down from 144.68 yen late Friday. The euro was at 97.98 cents, down from 97.96 cents.

Elsewhere in Asia, Hong Kong’s Hang Seng Index fell 0.9% to 17,073.81. S from Australia&P/ASX 200 slipped 0.3% to 6,456.90. Taiwan’s Taiex lost 0.9% and Bangkok’s SET fell 1.3%.

Wall Street closed a miserable September on Friday with the SThe &P 500’s worst monthly slippage since the coronavirus pandemic sent global markets tumbling. It is now at its lowest level since November 2020 and is down more than a quarter since the start of the year.

The Fed has been at the forefront of the global campaign to slow economic growth and hurt labor markets just enough to reduce inflation, but not enough to cause a recession. On Friday, the Fed’s preferred measure of inflation showed that it was worse last month than economists had expected. This should allow the Fed to keep rates rising and keep them high for some time, increasing the risk that it will go too far and cause a slowdown.

Vice Chairman Lael Brainard was the latest Fed official on Friday to insist he will not cut rates prematurely.

Them&P 500 fell 1.5% to close at 3,585.62 on Friday. The Dow Jones Industrial Average fell 1.7% to 28,725.51. The Nasdaq composite slid 1.5% to 10,575.62. The tech-focused index fell 10.5% in September and is down 32.4% so far this year.

Small company stocks also had a tough September. The Russell 2000 ended the month down 9.7%. On Friday, it was down 0.6% at 1,664.72.

Other concerns loom over global markets, including Russia’s invasion of Ukraine. A UK government plan to cut taxes recently sent bond markets tumbling amid fears it could further worsen inflation. Bond markets only calmed down a bit after the Bank of England last week pledged to buy, but plenty of UK government bonds are needed to drive yields lower.

The astonishing and rapid rise of the US dollar against other currencies, meanwhile, increases the risk of creating so much stress that something will crack somewhere in the global markets.

In other trading on Monday, benchmark U.S. crude oil gained $2.18 to $81.67 a barrel in electronic trading on the New York Mercantile Exchange. It lost $1.74 to $79.49 a barrel on Friday.

Brent crude, the standard for international oil pricing, rose $2.28 to $87.42 a barrel.

The specter of a possible global recession has led major oil-producing nations to consider further production cuts that would limit supplies and push prices higher.

OPEC and allied oil-producing nations, including Russia, cut supplies to the global economy slightly a month ago, underscoring their displeasure as recession fears help drive down crude prices.

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Commanders vs Cowboys Livestream: How to watch NFL Week 4 from anywhere in the US

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Commanders Vs Cowboys Livestream: How To Watch Nfl Week 4 From Anywhere In The Us
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NFC East rivals Washington and Dallas are heading in opposite directions. After winning their first game, the Commanders gave up their last two as quarterback Carson Wentz’s play waned. By contrast, the Cowboys lost their first game of the season but have won their last two contests with replacement QB Cooper Rush at the helm – starter Dak Prescott is sidelined with a broken finger. Prescott is expected to sit out again this weekend. Commanders and Cowboys kick off at AT&T Stadium in Arlington, Texas on Sunday at 1 p.m. ET (10 a.m. PT) on Fox.

The game will air on Fox in large parts of the country, including the DC and Dallas areas (according to 506 Sports), the live tv streaming servicesbut there may be cases where you are stuck due to internet location issue or just want an extra layer of privacy for streaming. There is an option that does not require subscribing to something like NFL Sunday Ticket Where NFL+or search the Internet for a basic website: you can use a virtual private network, or vpn.

Commanders Vs Cowboys Livestream: How To Watch Nfl Week 4 From Anywhere In The Us


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Here’s how you can watch the game from anywhere in the US with a VPN.

Read more: NFL 2022: How to stream every game live without cable

Quarterback Cooper Rush Ends Up To Throw A Football In A Cowboys Uniform.Quarterback Cooper Rush Ends Up To Throw A Football In A Cowboys Uniform.

Replacement quarterback Cooper Rush is looking to lead the Dallas Cowboys against the Washington Commanders on Sunday.

Elsa/Getty Images

Commanders vs. Cowboys: when and where?

For Week 4 of the NFL season, Commanders travel to Dallas to take on the Cowboys at 1 p.m. ET (10 a.m. PT) on Sunday. The game will take place at AT&T Stadium in Arlington, Texas.

How to Watch Commanders vs Cowboys Game Online From Anywhere Using a VPN

If you are unable to view the game locally due to incorrectly enforced blackout restrictions, you may need another way to watch the game and this is where using a VPN can come in handy. A VPN is also the best way to prevent your ISP from throttling your game day speeds by encrypting your traffic. Plus, it’s a great idea when you’re traveling and find yourself connected to a Wi-Fi network, and want to add an extra layer of privacy for your devices and connections.

With a VPN, you can virtually change your location on your phone, tablet, or laptop to access the game. So if your ISP or mobile carrier has blocked you with an IP address that says incorrectly your location in a blackout zone, a VPN can fix this problem by giving you an IP address in your correct, unobstructed zone. Most VPNs, like our Editors’ Choice, ExpressVPNmake it really easy to do.

Using a VPN to watch or stream sports is legal in all countries where VPNs are legal, including the United States and Canada, as long as you have a legitimate subscription to the service you’re streaming. You need to make sure your VPN is set up correctly to prevent leaks: Even when VPNs are legal, the streaming service can terminate the account of anyone it believes is circumventing properly applied blackout restrictions.

Looking for other options? Be sure to check out some of the other great VPN offers is taking place at the moment.

Sarah Tew/CNET

ExpressVPN is our current best VPN for people who want a reliable and secure VPN, and it works on a variety of devices. It’s normally $13 a month, and you can sign up for ExpressVPN and save 49% and get three months of free access – the equivalent of $6.67 a month – if you get an annual subscription.

Note that ExpressVPN offers a 30-day money-back guarantee.

Stream the Commanders vs Cowboys game live in the US

This week’s Commanders vs Cowboys game is on Fox, so in addition to a VPN, you’ll need a live tv streaming service which carries a local Fox affiliate that airs the game. The cheapest service is Sling TV Blue. You’ll need to be a Sling Blue subscriber in order to watch the game, and you’ll need to switch your VPN to the Washington DC area.

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Of the live TV streaming services that carry local Fox stations, the cheapest is Sling TV Blue at $35 per month. Note that Sling is currently running a promotion where the first month of service is half price ($17.50) for new subscribers.

An important caveat: In our experience, local Fox affiliates will only be available if your billing address is in one of the 18 metropolitan areas covered by Sling’s agreement. If you’re outside of one of these areas, you’re probably better off opting for one of the alternative services listed below.

Many others live tv streaming services also broadcast local Fox stations, namely YouTube TV, Hulu Plus Live TV, DirecTV Stream and FuboTV. They all cost more than Sling TV, but they also offer more channels, including football-specific channels like Fox, ESPN, NFL Network, and/or RedZone. Discover our guide to live tv streaming channels for more details.

Quick Tips for Stream Commanders vs. Cowboys Using a VPN

A Sling Tv Program Guide Showing The Commanders Vs Cowboys Game.A Sling Tv Program Guide Showing The Commanders Vs Cowboys Game.

Screenshot by John Falcone/CNET

  • With four variables in play – your ISP, browser, video streaming provider, and VPN – experience and success can vary.
  • Sling Blue is only an option if and when the ability to get local Fox affiliates is active on your account. You may want to verify that your billing address is eligible for this option before committing your credit card.
  • Sling Blue has agreements with the local Fox channel in DC, so ExpressVPN users should choose this location.
  • If you don’t see your desired location as the default option for ExpressVPN, try using the “search for a city or country” option.
  • If you’re having trouble getting the game after turning on your VPN and setting it to the correct viewing area, there are two things you can try for a quick fix. First, log into your streaming service subscription account and make sure that the address registered for the account is an address in the correct viewing area. If not, you may need to change the physical address on file in your account. Second, some smart TVs – like Roku – don’t have VPN apps that you can install directly on the device itself. Instead, you’ll need to install the VPN on your router or whatever mobile hotspot you use (like your phone) so that any device on its Wi-Fi network will now appear in the correct viewing location.
  • The whole of the VPN providers we recommend have helpful instructions on their main site for quickly installing the VPN on your router. In some cases with Smart TV services, after installing a cable network’s sports app, you will be asked to verify a numeric code or click on a link sent to your registered email address for your Smart TV . This is where having a VPN on your router will also help, as both devices will appear in the correct place.
  • And remember, browsers can often give away location despite using a VPN, so make sure you’re using a privacy-focused browser to connect to your services. We normally recommend Brave.

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Proposition 13 is working as intended – Orange County Register

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Proposition 13 Is Working As Intended – Orange County Register
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We were a bit taken aback by the recent article in the Journal by reporter Teri Sforza rhetorically asking if big businesses in Orange County are paying enough property taxes. It wasn’t until the end of the article that it was acknowledged that in 2020 California voters rejected the “split roll” proposal by voting against Proposition 15. This measure would not only have imposed the most property tax hike in California history, but it was also the most serious threat to Proposition 13 since the taxpayer protection measure was overwhelmingly approved by voters in 1978.

The same people who always wanted to destroy Proposition 13 so they could raise taxes even more are now claiming Proposition 13 needs to go because it caused “injustice.” In fact, Proposition 13 works exactly as intended to achieve a lasting balance between fiscal stability and revenue growth. That is why, for more than 40 years, Prop. 13 enjoyed such consistent popularity that it earned him the nickname “The Third Rail of California Politics.” Even after the costly and long-running campaign against it, a poll finds that 60% of Californians think Proposition 13 is “mostly a good thing.”

More importantly, Proposition 13 is also good tax policy. First, it limits the property tax rate to 1% of the value of a property. Second, it limits the annual increase in assessed value to 2% per year. Under prop. 13, even if a property doubles its market value in a single year, its “assessed value”, to which the appraiser applies the 1% tax rate, can only be increased by 2% per year. Third, Proposition 13 requires a revaluation of ownership when it changes hands. This provides a stable and predictable source of tax revenue to local governments that has grown virtually every year since 1978 in percentages that outpace inflation and population growth.

Critics often try to argue that voters didn’t know Proposition 13 would apply to commercial property the same way it protects residential property. This too is false. During the campaign Prop. 13 in 1978, opponents emphasized this argument in their ads and campaign materials, and it was specifically mentioned in the official ballot itself. Voters considered the request and still passed Prop. 13.

Sforza quotes longtime Prop critic Lenny Goldberg. 13 and split-roll advocate, who says commercial property in Orange County is undervalued. Goldberg knows best because he is fully aware that by virtue of prop. 13, the taxable value depends on the market value at the time of acquisition. (Despite his continued jihad against Proposition 13, Goldberg now resides out of state, avoiding California’s high tax burden).

Goldberg is particularly dishonest when he argues that two large Orange County businesses are undervalued because commercial properties are only revalued when a single buyer takes at least 50% or there are physical improvements to the property. “So if three buyers buy 100% of a property, no change in ownership occurs.”

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Dupond-Moretti sent to trial by the CJR – RT in French

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Dupond-Moretti Sent To Trial By The Cjr – Rt In French
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The Court of Justice of the Republic (CJR) ordered this October 3 a trial against Eric Dupond-Moretti, accused of having taken advantage of his function to settle accounts with magistrates to whom he had opposed when he was a lawyer.

“As unfortunately we expected it, it is a dismissal judgment which was rendered by the commission of the instruction [de la CJR]. We immediately lodged an appeal in cassation against this judgment. This judgment no longer exists, ”announced the minister’s lawyers, Christophe Ingrain and Rémi Lorrain at the exit of the CJR, in Paris, in the absence of Eric Dupond-Moretti.

Details to follow…

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Ukraine claims control of Russian logistics hub, seeks to cut more supply lines

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Ukraine Claims Control Of Russian Logistics Hub, Seeks To Cut More Supply Lines
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KYIV – Ukraine has claimed full control of Russia’s eastern logistics hub, Lyman, its biggest battlefield gain in weeks, paving the way for further advances aimed at cutting the lines of supply from Russia to its battered troops on a single route.

Russian President Vladimir Putin’s stinging setback came after he on Friday proclaimed the annexation of four regions covering nearly a fifth of Ukraine, an area that includes Lyman. Kyiv and the West condemned the proclamation as an illegitimate farce.

NATO Secretary General Jens Stoltenberg said the capture of the town, where Ukrainian flags were hoisted above municipal buildings on Saturday, demonstrated Ukraine’s ability to dislodge Russian forces and showed the impact that Ukraine’s deployment of advanced Western weapons was having on the conflict.

A destroyed Russian APC stands in the courtyard of a private house in front of a church in Izium, Ukraine, October 2, 2022.
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Ukrainian President Volodymyr Zelensky said the success of the country’s soldiers was not limited to Lyman.

Ukrainian forces have also liberated the small settlements of Arkhanhelske and Myrolyubivka in the Kherson region, he said.

Ukraine’s Interfax news agency reported that according to Serhiy Cherevatyi, spokesman for the Group of Ukrainian Forces in the East, Ukrainian forces have taken over Torske, a village in the Donetsk region, about 15 km (9 miles) to the is of Lyman, now released.

A Destroyed Bridge Over The Siverskyi-Donets River Is Seen In The Recently Liberated City Of Izium On October 2, 2022.
A destroyed bridge over the Siverskyi-Donets river is seen in the recently liberated city of Izium on October 2, 2022.
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Reuters was unable to immediately verify the information.

Russia’s Defense Ministry said on Saturday it was withdrawing troops from the Lyman area “in connection with the creation of an encirclement threat.”

It did not mention Lyman in its daily update on Sunday, although it said Russian forces had destroyed seven artillery and missile depots in Ukraine’s Kharkiv, Zaporizhzhia, Mykolaiv and Donetsk regions.

Russian forces had captured Lyman in Ukraine in May and used it as a hub for their operations in the northern Donetsk region. Its recapture by Ukrainian troops is Russia’s biggest battlefield loss since Ukraine’s lightning counteroffensive in the northeast Kharkiv region in September.

Control of Lyman could prove a “key factor” in helping Ukraine reclaim lost territory in the Luhansk region, which Russia announced had been fully captured in July after weeks of massive advances, the official said. governor of Luhansk, Serhiy Gaidai.

The Armed Forces Of Ukraine Make A Statement In Front Of The Lyman Municipal Administration Office, In Lyman, Ukraine, October 1, 2022.
The Armed Forces of Ukraine make a statement in front of the Lyman Municipal Administration Office, in Lyman, Ukraine, October 1, 2022.
Oleksiy Biloshytsky via REUTERS

Lyman’s operational importance was due to his command over a crossing of the Siverskyi Donets River, behind which Russia tried to shore up its defences, the UK Ministry of Defense said.

“Thanks to the successful operation in Lyman, we are moving towards the second north-south route … and that means a second line of supply will be interrupted,” said Reserve Colonel Viktor Kevlyuk of the Ukrainian think tank Center for Defense Strategies.

“In this case, the Russian Luhansk and Donetsk group could only be supplied by the (Russian) Rostov region,” Kevlyuk told Espreso TV.

A View Shows A Destroyed Russian Armored Personnel Carrier In The Liberated Village Of Kamianka In Ukraine On October 2, 2022.
A view shows a destroyed Russian armored personnel carrier in the liberated village of Kamianka in Ukraine on October 2, 2022.
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Ukraine’s military said Monday morning that Russian forces had used missiles, airstrikes and artillery in attacks on 35 settlements in the past 24 hours. The Ukrainian Air Force attacked a command post, weapons caches and an anti-aircraft missile complex, and shot down a helicopter, an attack plane and eight drones, he added.

The Zaporizhzhia region governor said Russian forces attacked the city of Zaporizhzhia and nearby villages overnight, with at least 10 missiles.

Reuters could not independently verify reports from the battlefield.

A Destroyed Russian Tank Is Seen On A Road, Amid Russia's Attack On Ukraine, In The Kharkiv Region On October 2, 2022.
A destroyed Russian tank is seen on a road, amid Russia’s attack on Ukraine, in the Kharkiv region on October 2, 2022.
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The areas claimed by Putin as annexed just over seven months after Russia invaded its neighbor – Donetsk and Luhansk plus Kherson and Zaporizhzhia to the south – make up about 18% of Ukraine’s total area.

The Russian parliament is due to consider bills and ratification treaties on Monday to absorb the regions, said the speaker of the lower house of the Russian parliament, Vyacheslav Volodin.

A signing ceremony to much Kremlin fanfare on Friday with Russian leaders ensconced in the regions failed to stem a wave of criticism in Russia over the way the military operation is being handled.

A Member Of The Ukrainian Troupe Brings Down A Flag Of The Donetsk Republic Hoisted On A Monument In Lyman, Ukraine.
A member of the Ukrainian troupe brings down a flag of the Donetsk Republic hoisted on a monument in Lyman, Ukraine.
Oleksiy Biloshytsky via REUTERS

Putin’s ally Ramzan Kadyrov, the head of the southern region of Chechnya, on Saturday called for a change in strategy “until the declaration of martial law in the border areas and the use of nuclear weapons low performance”. The United States says it would react decisively to any use of nuclear weapons.

Other warmongering Russian figures on Saturday criticized the generals and Defense Minister Sergei Shoigu on social media for overseeing the setbacks, but refrained from attacking Putin.

The United States was “very encouraged” by Ukraine’s gains, Defense Secretary Lloyd Austin said Sunday.

The Remains Of St. George's Monastery In The Village Of Dolyna Are Displayed In Donetsk, Ukraine, In October 2022.
The remains of St. George’s Monastery in the village of Dolyna are displayed in Donetsk, Ukraine, in October 2022.
OLEG PETRASYUK/EPA-EFE/Shutterst

Pope Francis on Sunday appealed to Putin to stop “this spiral of violence and death” in Ukraine and also called on Zelensky to be open to any “serious peace proposals”.

Zelensky said Friday that peace talks with Russia while Putin was president would be impossible. “We are ready for a dialogue with Russia, but with another president of Russia,” he said.

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