Free Republic

UnionPay is afraid to cooperate with a number of large Russian banks because of the risk of secondary sanctions, RBC learned. Sanctioned banks that issued such cards or planned to do so are forced to abandon projects Large Russian banks that have been under blocking sanctions from Western countries will not be able to issue UnionPay cards, as the payment system is afraid to cooperate with them because of the risk of secondary sanctions. RBC was told about this by five sources in large banks, including those that fell under sanctions. An interlocutor close to Sberbank said that the bank’s...

Pictures are worth a thousand words. This one, via Jason Hart at thathero, is a priceless rejoinder to the class-warfare demagoguery of the public employee unions: As Jason explains: “Consider the average OEA employee’s pay, stacked up against the averages for Ohio private industry workers, government employees, and teachers…The data (aggregated here in a single Excel workbook) from the US Bureau of Labor Statistics, Ohio Department of Education, and US Department of Labor paint a picture that belies the union’s class warfare routine. But hey, let’s play their game: while the OEA continues lobbying for higher taxes, think about where...