South-Carolina
Can seized Russian assets help pay for Ukraine aid?
Western leaders have agreed to the concept of using the interest from frozen Russian financial assets to help support Ukraine fight Russia and rebuild after the lengthy war.
But they’re still working out the details of exactly how and when to distribute the roughly $3 billion in annual interest. Those negotiations are at the top of the agenda for the G7 leaders’ summit in Puglia, Italy.
What are the frozen Russian assets and how much are they worth?
When Russia invaded Ukraine in 2022, Western governments froze about $300 billion in Russian assets — including money, securities, gold and bonds — held mainly in banks in Europe.
Leaders of the G7 economies have agreed to use the interest generated by the assets — about $3 billion per year — to help Ukraine buy weapons for its fight against Russia and rebuild after the war.
What are the sticking points?
The United States and European countries have different proposals for distributing the money.
Scheherazade Rehman, a professor of international finance at George Washington University, explained it in simple terms.
“The Europeans would like to transfer them to Ukraine yearly or every two years, so spread it out. The Americans, however, want to find a way to get this money very quickly to Ukraine all at once,” Rehman said.
The European proposal would see about $3 billion a year go to Ukraine, and only interest from a certain part of the frozen Russian assets — $190 billion held by a company called Euroclear in Belgium — would be shared.
The U.S., on the other hand, wants to give $60 billion to Ukraine up front, because Ukraine’s need on the battlefield is dire. Officials have said the interest generated from the frozen Russian assets would go toward paying back that money.
Rehman said Washington has the weaker hand in the debate because only about $5 billion of the $300 billion in Russian assets are held in the United States — and European nations are concerned about how they would be paid back for a big initial lump sum.
Anatolii Stepanov/AFP via Getty Images / AFP
/
AFP
Will the G7 reach an agreement by the end of the summit?
It’s hard to say what this agreement will look like in its final form — but officials familiar with the planning have told reporters that President Biden is going to make a final push to secure a deal.
The agreement will likely be some sort of compromise between the European and U.S. proposals. But Rehman said recent elections in countries like France and Germany may also affect discussions.
“Europeans really have to get their act together at this G7 meeting because they’re on shaky ground just because of the European parliamentary elections that just took place where the hard right has now got a historic toehold,” she said.
“The Europeans are coming into this with very different footing than if this was 10 days ago.”
Copyright 2024 NPR
South-Carolina
Star Fox Review: Can’t quite teach an old Fox new tricks
Did anyone want this? A slick remake of Star Fox 64, minus the “64.” The same rickety rail-shooter from nearly three decades ago, glossed up with gorgeous environments and uncanny photorealistic animals. A modern game peeks through the haze of this nostalgia. But it’s not altogether worth the $50 pricetag ($60 if you want a physical cartridge).
The Star Fox campaign begins with a cinematic dramatization of the original game’s opening text crawl — the scene of Fox McCloud’s father betrayed by an ally into the hands of the evil Dr. Andross. Three years later, Fox commands his dad’s mercenary band against Andross. Each successive mission briefing gets reworked from its original clipped dialogue into fully animated mini-movies.
James Mastromarino/Nintendo /
But the visuals are a mixed bag. Detailed as the planets and ships might be, fans objected to Fox’s unflattering appearance after the game’s trailer dropped. His original character designer, who wasn’t involved in the new game, admitted to preferring the Super Mario Galaxy Movie version of Fox to this remake’s. For my money, the lighting is more of a problem than the models. In nearly every scene, the cockpit illuminates Fox in a gross green glow.
This campaign doesn’t take long to complete — between an hour to two hours, depending on how often you die and reload. But to reach the game’s true ending, you’ll have to restart and hunt for secret paths, easily quadrupling the runtime. You can also play cooperatively on two systems if you’re in the same room, or you can split your Joy-Cons to have one player steer and the other use mouse controls to fire lasers (an example of Nintendo sacrificing ease for a new gimmick). I’d have loved this mode much more if you could have a second player aim with a joystick, as in Donkey Kong Bananza.
Battle Mode makes for a more entertaining multiplayer experience, but you can’t play it on the same system. I tried it through an online session Nintendo set up, diving and gunning my way through 4v4 matches that required us to capture points or collect energy from meteorites. If you’re hooked up to a webcam, you can use an augmented reality feature to puppet a character’s portrait in GameChat. The facetracking is pretty good: raise your eyebrows, and your character will raise their eyebrows back. Open your mouth to speak and they’ll do the same. If you’re playing as Slippy Toad and puff out your cheeks, you’ll see him inflate his chin.
But even with these charming flourishes, Star Fox remains awkward. It’s got the production values of a modern blockbuster, but the sensibility of a 1990s arcade game. The campaign feels particularly antiquated, even with its expanded script and cutscenes. Perhaps I shouldn’t have expected more. This story’s already been reheated three times since the 1990s, after all.
If you’ve got buddies to battle or a tolerance for odd co-op, go for it. Otherwise, you’re better off skipping this remake and saving up for an original game.
Copyright 2026 NPR
South-Carolina
Admiral fired in Hegseth purge wins Democratic primary in South Carolina
A three-star navy rear-admiral fired by Pete Hegseth last year in the defense secretary’s purge of senior US military officials has won the Democratic primary in a closely watched congressional race.
Nancy Lacore secured the party’s nomination for the US House of Representatives in South Carolina’s first congressional district on Tuesday after defeating Mac Deford, a US Coast Guard veteran, in a runoff.
Lacore’s focus will now turn to November, when she will lead an ambitious Democratic bid to flip the Republican seat in the US midterm elections.
The district is currently represented by the Republican Nancy Mace, who chose to forgo seeking re-election to focus on her failed challenge for South Carolina governor. Jenny Costa Honeycutt, a member of Charleston county council, secured the Republican nomination for the election on Tuesday.
Lacore was among dozens of officers fired during Hegseth’s ongoing elimination from senior military roles of those considered to have crossed the Trump administration, or who do not fit the US defense secretary’s vision for the makeup of the armed services.
She is backed by several veterans’ groups, and Emilys List, which supports Democratic pro-choice candidates running for office. She raised $500,000 in her first two weeks as a candidate, and more than $1.4m through late May, according to a New York Times analysis of federal campaign finance records.
She is also one of 12 House candidates backed by the Bench, a Democratic strategy group advising candidates in districts seen as harder to win, the outlet said.
South-Carolina
Inside TCMU’s new SC 250 exhibit
-
West Virginia1 minute agoYeager Airport director receives four percent pay increase – WV MetroNews
-
Wyoming6 minutes agoSpeedy Cow community-owned internet service goes live in Wyoming County
-
Crypto13 minutes ago14 AI Models Including Claude, ChatGPT and Grok Predict Bitcoin’s Price Outlook
-
Finance16 minutes agoG7 Recommits to Development, Investment Finance to Drive Shared Prosperity
-
Fitness16 minutes agoSocial Fitness: Why Independent Living Communities Are Vital for Healthy Aging
-
Movie Reviews31 minutes ago‘Supergirl’ review: DC Studios serves up a second less-than-super movie
-
World43 minutes ago
FACT FOCUS: Norway brought its own food to the World Cup. But not because it distrusts US products
-
Health1 hour agoDoes Metformin Help With Weight Loss? How To Maximize Your Results