City Councilman Robert Cornegy (Bed-Stuy, Crown Heights): "This sets us back 1000 percent. I don't even know how you come back from this. If you wanted to articulate what the worst case scenario could be at a time when the city is trying to get back on track with police and community relations, this is it."
Take a look Paul Krugman's column on the rapid deterioration of the Russian economy. The drop in oil prices has of course played a central role in Russia's woes. The sanctions regime stemming from the Ukraine crisis has played a major contributing role. What's interesting though is Paul's point that most countries would have a set of tools to grapple at least with the drop off in oil revenues. But Russian kleptocracy, ranging from oligarchs who stash their cash overseas to military adventurism in Ukraine and much more, have created a perfect storm for the Russian economy and put many or most of those tools off limits. Very interesting read.
Yesterday, Dylan Scott wrote this report on why police unions are lashing out against critics with an intensity we've not seen in years and perhaps never seen. Unions support their members when they're under attack or targets of criticism, which police very much are today. But the intensity, I believe, points to a fear that the sharply reduced crime rate in the country today may not sustain the relative freedom from criticism police officers enjoyed for much of latter part of the 20th century.
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