Posted February 22, 2023
By Matt Insley
The Executioner's Pawn
Good morning, and happy Wednesday.
Per our “Ohiogate” issue last week, Thomas K. writes: “Thanks for bringing this story to the readers of The Rundown.
“Until this article, I had no idea what happened in East Palestine, Ohio, although I saw some mention of it on social media. But, as you say, I had my head in the clouds since I really don't follow standard media.
“So, I just wanted to send my regards and appreciation that you shared the story, and I look forward to more perspectives that matter to me. Thanks.”
You’re welcome, Thomas. It’s gratifying to hear that you found our report helpful and insightful.
Next, Mike M. says: “ESG, indeed, is as stupid as most other bureaucratic initiatives. This appeared in one of my general information feeds.”
The opinion piece, at trade publication Chemical Processing, opens thus: “There’s an old industrial saying that states: ‘If you can’t measure it, you can’t control it!’”
Writer Dave Russell, president of Global Environmental Operations, Inc, then likens ESG “standards” as follows: “I believe the effort to develop a single [ESG] number by which to judge the behavior of a corporation…
“… is like asking a gym teacher to rank a group of students for academic prowess when he or she may see them only in the gymnasium.”
The piece is definitely worth a read, and thanks to Mike M. for passing it along.
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Your Rundown for Wednesday, February 22, 2023...
Ukraine: Before & After
Just in case you’ve been hiding out in your backyard bunker…
Biden secretly visited Kyiv on Presidents’ Day, February 20 — because, you know, optics — ahead of the first anniversary of Russia’s full-scale invasion of Ukraine (which happens to be Friday).
[Question: Last year, did you think the war would drag on this long? Your opinion matters! firstname.lastname@example.org]
In light of this grim anniversary, we thought it would be beneficial to look back at one of our Ukraine-centric issues from January 2022.
In it, we featured a map from before the war…
Source: The Washington Post
And, now, for an updated, post-war map…
Source: Institute for the Study of War
AEI’s Critical Threat Project
It’s here we note that the recent iteration more-than-a-little resembles what Paradigm’s macro expert Jim Rickards said in our January 2022 issue:
“Putin’s possible ambition is to take eastern Ukraine, connect the dots — connecting Crimea with Russia through that corridor — and probably just making the whole thing part of Russia.”
With Putin’s near-perfect execution of his geopolitical game of chess, at this point, all Russia has to do is outlast Ukraine in a crushing war of attrition.
And when the rubble settles, we’ll see which NATO partners stick around to rebuild what’s left.
Market Rundown for Wednesday, Feb. 22, 2023
S&P 500 futures are down 2%, just under 4,000.
Oil’s lost 0.50% to $75.95 for a barrel of WTI.
Gold is up 0.10% to $1,844.60 per ounce.
And, at the time of writing, Bitcoin is down 1.5% to $24,135.
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