![]() Another tractor-trailer saw the first truck and slid sideways into the first truck, crushing Whitby’s pickup. In Whitby’s collision, a tractor-trailer jackknifed across the highway. At least three separate collisions involving more than 20 vehicles, most of them semi-trucks, injured a dozen people.īlack ice conditions led to the multiple accidents. More than 100 people were involved in the morning pileup on Interstate 84, about 33 miles east of Baker City. Despite his Chevy Silverado being crushed to the size of a smart car, Kaleb Whitby only received a few cuts and bruises in the January I-84 accident near Baker City, Oregon. VEHICLE FLATTENED BETWEEN TWO SEMISĪnd the driver is fine. You can see a slideshow of the incriminating images at The Smoking Gun. Mogan and Duboe taken to the Pickaway County jail in lieu of $250,000 bond. Investigators allege that prior to driving Mogan to the Ashville bank, Duboe applied makeup to his face and neck to cover numerous tattoos. The heavily tattooed Mogan has the phrases “Loyalty’s Thin” and “Betrayal’s Thick” on opposite cheeks. Mogan began serving a three-year parole term immediately following his July 19 release from an Ohio state lockup. A female accomplice was also arrested in connection with Mogan's July 2010 robbery of a Fairfield National Bank branch. Mogan is a convicted felon who was just released from prison after serving about five years for robbing a bank in Lancaster, a city 20 miles east of Ashville. Just a few days later, Mogan and Duboe began posting a series of photographs on Facebook featuring Mogan posing with wads of cash. The bank was robbed on August 24 when a man wearing a hoodie demanded cash from a teller. Even Russia's own statistics agency, famous for massaging numbers to meet the Kremlin's goals, acknowledged that the number of Russians living in poverty rose from 12 to 21 million people in Q1 2022."Īs for whether the ruble's strength can be sustained, Fiotakis said, "It is very uncertain and depends on how the geopolitics evolve and policy adjusts.John Mogan and Ashley Duboe were arrested in September in connection with a bank robbery in Ashville, Ohio. "While the ruble has surged thanks to the Kremlin's interference, its inattention to Russian's well-being continues. "The Russian ruble is no longer an indicator for the health of the economy," Hess said. Foreign investment has taken a massive hit, and poverty nearly doubled in just the first five weeks of the war alone, according to Russia's federal statistics agency, Rosstat. ![]() Since Russia's war in Ukraine began, thousands of international companies have exited Russia, leaving huge numbers of unemployed Russians in their wake. Russia's Ministry of Economy said in mid-May that it expects unemployment to hit nearly 7% this year, and that a return to 2021 levels is unlikely until 2025 at the earliest. "Ruble strength is linked to a surplus in the overall balance of payments, which is much more driven by exogenous factors linked to sanctions, commodity prices and policy measures than by longer term underlying macroeconomic trends and fundamentals," said Themos Fiotakis, head of FX research at Barclays. "So yes, the ruble on paper is quite a bit stronger, but that's the result of crashing imports, and what's the point of building up forex reserves, but to go and buy things from abroad that you need for your economy? And Russia can't do that."ĭoes the ruble's strength mean that Russia's economic fundamentals are sound and have escaped the blow of sanctions? Not so fast, analysts say. In politics and economics, Potemkin refers to fake villages that were purportedly constructed to provide an illusion of prosperity to Russian Empress Catherine the Great. The ruble's exchange rate "is really a Potemkin rate, because sending money from Russia abroad given the sanctions - both on Russian individuals and Russian banks - is incredibly difficult, not to mention Russia's own capital controls," Hess said. That means that while Russia's built up a formidable volume of foreign reserves that bolster its currency at home, it can't use those reserves to serve its import needs, thanks to sanctions. Because Russia is now cut off from the SWIFT international banking system and blocked from trading internationally in dollars and euros, it's been left to essentially trade with itself, Hess said. ![]()
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