The Daily Populous

Thursday November 17th, 2022 morning edition

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Russia's economy has entered a recession as gross domestic output fell by four percent in the third quarter, according to first estimates published Wednesday by the national statistics agency, Rosstat.

The drop in GDP follows a similar four percent contraction in the second quarter, as Western sanctions pummel Russia's economy following Moscow's offensive in Ukraine.

The four percent drop in economic output between July and September was less than the 4.5 percent contraction analysts had expected.

The contraction was driven by a 22.6 percent plunge in wholesale trade and a 9.1 percent drop in retail trade.

A recession is commonly defined as two consecutive quarters of economic contraction, and Russia last experienced a technical recession in late 2020 and early 2021 as the world was going through the coronavirus pandemic.

The central bank is not planning to change the rate until the end of the year, a sign of "adaptation" to a "new reality," said Bank of Russia governor Elvira Nabiullina.

After Russia was hit by Western sanctions over the Ukraine offensive, the bank drastically raised the key rate from 9.5 percent to 20 percent in a bid to counter inflation and prop up the ruble. »

Sony’s Santa Monica Studio continues to lead with ‘God of War Ragnarök’

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“God of War” became a hit, winning top honors at the yearly Game Awards and selling 23 million copies worldwide.

“God of War Ragnarök” is shaping up to be the biggest video game release of the holiday season.

Yet “God of War Ragnarök” director Eric Williams has been subtly trying to flesh out Kratos beyond those toxic-masculinity impulses since the first game in the series, 2005’s “God of War.” »

12 Republican senators voted to break a filibuster on same-sex marriage bill

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The Senate voted 62-37 to break a filibuster to advance legislation that protects same-sex and interracial marriage, clearing a key 60-vote threshold putting the historic legislation on track to eventually be passed through the chamber.

All 50 members of the Democratic caucus voted to start debate on the bill as well as 12 Republicans.

It is still uncertain when the same-sex marriage bill will pass the Senate. »

N.Y. disbars lawyers who threw Molotov cocktail at police car during George Floyd protests

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Nov 15 (Reuters) - Attorney regulators in New York on Tuesday disbarred two lawyers who pleaded guilty to throwing a Molotov cocktail at an empty city police car during protests over George Floyd's death.

New York's Appellate Division, First Department said Colinford Mattis and Urooj Rahman qualified for automatic disbarment based on their guilty pleas in June.

NY lawyers plead guilty in Molotov cocktail case; shorter sentences likely. »