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<ul class="summary-list"><li>Russian President Vladimir Putin is engaging in a war of attrition in Ukraine.</li><li>Russia has more to gain by prolonging the war, regardless of who wins the US presidential election.</li></ul>Kamala Harris and Donald Trump have starkly different visions of how they'll seek to end one of the gravest security crises in recent decades: <a target="_blank" href="https://www.businessinsider.com/zelenskyy-ukraine-north-korean-troops-preemptively-long-range-strike-restrictions-2024-11">the</a><a target="_blank" class="" href="https://www.businessinsider.com/zelenskyy-ukraine-north-korean-troops-preemptively-long-range-strike-restrictions-2024-11"> Ukraine war.</a>Harris has pledged to continue the policy of President Joe Biden, <a target="_blank" class="" href="https://www.businessinsider.com/us-soldiers-look-up-abrams-tanks-face-new-threats-ukraine-2024-8">arming Ukraine to defend itself </a>against Russia's two-year invasion.Trump, meanwhile, claims he can bring about a <a target="_blank" class="" href="https://www.businessinsider.com/how-trump-could-handle-ukraine-war-if-reelected-scenarios-2024-10">rapid end to the conflict </a>through negotiations.Whoever is in charge in the White House come January, analysts believe Putin is likely wagering that he has more to gain by prolonging his war of attrition than ending it.<h2 id="3a744150-ba82-4dfb-b30b-8811820f42fe">Pressure mounts on Ukraine</h2>Russia has, in recent months, been ratcheting up pressure on Ukraine, bringing its larger troop numbers and artillery supplies to bear, and making incremental but important gains on the front lines."There are plans to call up more than 160,000 people," the secretary of Ukraine's National Security Council, Oleksandr Lytvynenko, told parliament last week.North Korea is also believed to have <a target="_blank" rel="" class="" href="https://www.businessinsider.com/video-appears-show-north-korean-soldiers-gearing-up-in-russia-2024-10">sent thousands of troops</a> to aid Russia in its war against Ukraine, per officials from South Korea, Ukraine, and the US."The key advantage gained by Russia [in prolonging the war] is 'events'" Robert Dover, Professor of Intelligence and National Security at the University of Hull in the UK told Business Insider."Ukraine seems to be highly strained by the conflict, and this is - in part - a product of the numbers Russia is able to throw into the conflict," he said.<div type="image" title="Trump n Putin" height="820" width="1024" msid="114953184" hostid="261" sizebytes="31598"></div><h2 id="712a570c-ce6b-49c6-b90b-0c08b2faeb64">Trump's peace plans could embolden Russia</h2>The terms on which Trump would seek to broker peace in Ukraine are unclear, though he's criticized the aid Biden sent to Ukraine, suggesting it could be used as leverage.He has also <a target="_blank" class="" href="https://newrepublic.com/post/185652/trump-sanctions-promise-adviser-charged-russia-media">questioned the effectiveness </a>of the administration's sanctions against Russia.His running mate, JD Vance<a target="_blank" class="" href="https://www.businessinsider.com/how-trump-could-handle-ukraine-war-if-reelected-scenarios-2024-10">, recently outlined a </a><a target="_blank" rel=" nofollow" class="" href="https://www.washingtonpost.com/politics/2024/09/12/vance-trump-ukraine-russia-war-plan/">plan for ending the war in Ukraine</a> under a possible Trump administration, with the establishment of a "demilitarized zone" in Russian-occupied Ukrainian territories.Both candidates have also questioned US commitments to NATO, the security pact that has been the main bulwark against Russian aggression in Europe.However, in reducing aid to Ukraine and, in effect, handing over swaths of territory to Russia, the US would likely embolden Kremlin aggression, say critics."If Russia knows its territorial revisionism in Ukraine can be permissible by Washington, it is hard to see how Moscow will not see the same elsewhere (or even further in Ukraine, like it did after 2014)," Paul Cormarie, a policy analyst at the RAND Coproration, told BI."Peace in Ukraine in favor of Russia isn't peace, it's a truce."Undermining Western unity by criticizing NATO could have much the same effect.<div type="image" title="Ukrainian President Volodymyr Zelenskyy and US President Joe Biden shake hands during a joint press conference at the Masseria San Domenico on the sidelines of the G7 Summit hosted by Italy." height="683" width="1024" msid="114953181" hostid="261" sizebytes="29734"></div><h2 id="43d5159f-1892-46df-b087-cadcd5c43edf">Harris pledges to continue backing Ukraine – but it likely won't be enough</h2>Harris, by contrast, has pledged to continue US support for Ukraine, which <a target="_blank" class="" href="https://www.state.gov/u-s-security-cooperation-with-ukraine/#:~:text=To%20date%2C%20we%20have%20provided,invasion%20of%20Ukraine%20in%202014.">has cost $64.1 billion</a> in military assistance since the 2022 Russian invasion.US aid has played a key role in helping Ukraine fend off the Russian invasion and inflict vast losses on Russia's forces.But the Biden administration has long placed limits on how Ukraine can use the weapons. Ukraine also says US aid often arrives in a piecemeal way.It's part of a US effort to balance support for Ukraine with not provoking Russia and causing a bigger war.But it means that Putin likely believes he can continue to wage his war of attrition against Ukraine with Harris as president as she likely won't provide enough military aid to defeat his forces.It's a war Putin has staked Russia's economic future on, underlining the importance of victory for the Russian leader.One key tool Biden has used to punish Russia is sanctions designed to damage its economy by limiting its capacity to sell oil and gas internationally.However, Russia has managed to open new export markets in major economies including China and India, making the economic damage of the sanctions has been more limited than some experts projected.Economist <a target="_blank" class="" href="https://www.businessinsider.com/russia-economy-crisis-ukraine-war-moscow-inflation-sanctions-putin-spending-2024-10">Alexander Mertens recently wrote</a> that Russia would likely suffer economic damage regardless of whether it continues the war or not, meaning there's not a major incentive for Putin to stop now.<div type="image" title="Russian President Vladimir Putin and Chinese President Xi Jinping enter the hall for Russian-Chinese talks on May 16, 2024 in Beijing, China." height="760" width="1024" msid="114953186" hostid="261" sizebytes="24578"></div><h2 id="41991dd2-f4c0-4eea-aac2-1fdc873df772">Putin plays the long game</h2>Putin's thinking about the global picture, too said Dover.China is observing the Ukraine conflict closely as it weighs whether to launch an invasion of US-ally Taiwan, say analysts, while the Middle East is engulfed in a conflict that could spiral into a much bigger war.Dover said a major conflict in either region could draw in US resources and energy and distract from Ukraine."A regional conflict in the Middle East will help Russia maintain a conflict in Ukraine, with lower risks," he said, cautioning though that the situation was a "fluid assessment conditioned by events."Overall, Putin's mission is to not just seize Ukraine but also work in tandem with <a target="_blank" href="https://www.businessinsider.com/russia-china-brink-military-alliance-may-overwhelm-us-putin-xi-2023-12">other authoritarian leaders</a> to damage US global power."In the near-term, Russia and China have embraced a strategy of joint confrontation with the United States and its Allies in Europe and Asia respectively," analyst Jonathan Ward of the Hudson Institute told BI last year.Neither Harris nor Trump are likely to get Putin to change course in his pursuit of victory in Ukraine, and his bigger global ambition."He has taken personal responsibility for achieving that outcome and likely judges it as worth nearly any cost. Trying to coerce him into giving up is a fruitless exercise that just wastes lives and resources," wrote Peter Schroeder, former Principal Deputy National Intelligence Officer for Russia and Eurasia at the National Intelligence Council, for <a target="_blank" class="" href="https://archive.is/Y92WB#selection-1479.348-1479.412">Foreign Relations in September.</a>The best course, writes Schroeder, is for the US to play Putin at his own game and outlast him in his war of attrition, waiting for him to die or leave office."Only then will there be a chance for a lasting peace in Ukraine," he said.

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<ul><li>Five states voted on some form of change to the minimum wage in Tuesday's US elections.</li><li>Missouri approved a raise, while Massachusetts and Arizona rejected changing how tipped workers are paid.</li><li>Results in Alaska and California were unclear early Wednesday.</li></ul>While economic issues were a major focus of this year's <a href="https://www.businessinsider.com/election-results-trump-harris-presidential-election-2024-11" target="_blank">US presidential election</a>, several states put pay directly on the ballot, and minimum-wage workers in at least one state are now set to get a raise after voting concluded Tuesday. Missouri, Massachusetts, California, and Alaska all had some form of referendum on their ballots on whether to hike the minimum wage paid by employers. In Massachusetts, voters were asked whether to gradually increase the share of tipped workers' pay that employers must provide, while voters in the three other states were presented with proposals for straightforward minimum-wage increases. In Arizona, voters weighed in on whether to decrease the tipped minimum wage — provided employers could show workers' wages would stay $2 above the state minimum when accounting for tips. Shortly after polls closed in Missouri, it was clear that the referendum there had passed. Voters in Massachusetts and Arizona rejected their proposals, and California and Alaska were still awaiting their results as of early Wednesday. <h2 style="color: rgb(34, 34, 34); font-family: Arial, Helvetica, sans-serif; background-color: rgb(255, 255, 255);">Missouri</h2>In Missouri, voters opted to raise the state's minimum wage to $15 an hour by 2026. Per The New York Times, roughly 58% of Missouri voters had supported the measure as of early Wednesday, with some votes still uncounted. The measure, <a href="https://www.sos.mo.gov/elections/petitions/2024BallotMeasures#:~:text=Official%20Ballot%20Title%0AProposition,Proposed%20by%20Initiative%20Petition" target="_blank">Proposition A</a>, is set to first raise the minimum wage to $13.75 an hour from $12.30 on January 1 and then increase it again to $15 an hour on January 1, 2026. Starting in 2027, the wage is set to be pegged to inflation. The measure also mandates that employers give their workers an hour of paid leave for every 30 hours they work. Missouri separately voted in favor of former President Donald Trump, who said he'd "consider" a minimum-wage hike if it proved beneficial for small businesses. His opponent, Vice President Kamala Harris, had pledged support for raising the federal minimum wage to $15 an hour from $7.25. A group of Missouri business owners in favor of the measure praised Proposition A's passage on Tuesday evening. "Proposition A will strengthen Missouri's workforce and businesses," David Burmeister, the owner of Midwest Pasta Co. in St. Louis, said in a press release. "Raising the minimum wage will increase people's ability to shop at our business and local businesses across Missouri. We've seen that paying better wages is better business. Employees are happier at work and do a better job." <h2 style="color: rgb(34, 34, 34); font-family: Arial, Helvetica, sans-serif; background-color: rgb(255, 255, 255);">Massachusetts</h2>In <a href="https://www.sec.state.ma.us/divisions/elections/publications/information-for-voters-24/quest_5.htm" target="_blank">Massachusetts</a>, employers won't be required to gradually raise tipped workers' base pay to match the state's minimum wage. The measure failed, with the Times reporting at the time of publication that 64% of voters had rejected it out of the votes counted so far. The measure, which would have begun taking shape on January 1, wouldn't have actually raised the legal minimum wage for tipped workers but instead would have raised the share of that minimum wage that employers were required to provide. Currently, Massachusetts employers are required to pay tipped workers a base pay of $6.75 an hour and then make up the difference if those workers' total pay counting tips is less than $15 an hour. The failed measure would have ultimately required employers to directly pay tipped workers the state's full minimum wage by 2029. <h2 style="color: rgb(34, 34, 34); font-family: Arial, Helvetica, sans-serif; background-color: rgb(255, 255, 255);">Arizona</h2>In Arizona, voters rejected a measure that would have let employers reduce their base pay for tipped workers. <a href="https://www.azleg.gov/alispdfs/Council/2024BallotMeasures/adopted%20analysis%20Proposition%20138%20SCR1040%20-%202024.pdf" target="_blank">Proposition 138</a> proposed allowing employers to pay tipped workers up to 25% less than the state's minimum wage, with the corollary that employers would need to establish their workers were still making the minimum wage plus an additional $2 an hour when accounting for tips. The Times reported that out of the votes counted so far, nearly 76% of voters had rejected the measure. That means that employers in Arizona can continue to pay their tipped workers $3 less than the current hourly minimum wage as long as workers are still making at least the minimum wage when accounting for tips. Correction: November 7, 2024 — An earlier version of this story included a sentence that incorrectly described the result of the ballot measure in Massachusetts. The system in which tipped workers are required to be paid at least $15 an hour through a combination of tips and a $6.75 hourly wage is the current system in Massachusetts, not a proposal on the ballot measure that voters rejected. The story was also updated to clarify the ballot results. The percentages attributed to The New York Times reflected the latest tally as votes were being counted, not New York Times projections for the final result. The specific figure of 76% in Arizona referred to the share of voters at the time who had rejected the ballot measure there, not the margin by which voters rejected the measure.

Workers in Missouri can look forward to raises after minimum-wage boosts passed

As the United States heads into a decisive phase in its presidential election, <keyword id="19954681" type="General" weightage="20" keywordseo="Sundar-Pichai" source="keywords">Sundar Pichai</keyword>, CEO of Alphabet and <keyword id="19902762" type="General" weightage="100" keywordseo="google" source="keywords">Google</keyword>, has called on employees to ensure the company maintains its reputation as a reliable information provider. In an internal memo, as per an IANS report, <keyword id="20234972" type="General" weightage="20" keywordseo="pichai" source="keywords">Pichai</keyword> underscored Google’s critical role during this period, saying it is essential for “the products they build” to be a trusted source for people of all backgrounds. "Let’s remember the role we play at work, through the products we build and as a business: to be a trusted source of information to people of every background and belief," he said in the memo. The <keyword id="20239922" type="General" weightage="20" keywordseo="Google-CEO" source="keywords">Google CEO</keyword> also reportedly reminded employees to adhere strictly to Google’s Community Guidelines and Personal Political Activity Policy. Pichai stressed that safeguarding the integrity of the platform is of utmost importance, especially during such a significant event. “We must maintain that trust,” he wrote, saying that it is part of Google’s broader mission to make information accessible and useful. “We will and must maintain that. In that spirit, it’s important that everyone continue to follow our Community Guidelines and Personal Political Activity Policy,” he wrote in the internal memo as reported by IANS. Highlighting the teams’ ongoing efforts, Pichai mentioned that staff across Google and YouTube have been working diligently to provide accurate and reliable information to voters. This commitment is consistent with Google’s approach during elections around the world. In 2024 alone, the tech giant supported major elections in countries like France, India, and the UK, benefiting over a billion voters. Pichai also noted that the outcome of the U.S. election would have far-reaching implications, influencing discussions in homes across the globe. However, he reassured employees that regardless of the result, Google’s mission to organise global information and make it widely accessible would remain steadfast. He highlighted how artificial intelligence continues to play a significant role in driving this mission, contributing to innovation and economic growth. The tech leader’s remarks came in the context of growing scrutiny on how digital platforms manage information during elections. <keyword id="19933162" type="General" weightage="20" keywordseo="Misinformation" source="keywords">Misinformation</keyword> remains a major concern, and tech companies face increased pressure to act responsibly. To address this, Pichai reminded employees of their shared responsibility to uphold the company’s standards. In a related move, Meta, formerly Facebook, extended its ban on new political ads beyond the original November 5 end date, aiming to mitigate potential misinformation and maintain a secure online environment during and after the election period.

Google CEO Sundar Pichai asks team to safeguard trust during US elections, sends internal memo

In early Wednesday trading, the Indian rupee slid 14 paise to hit an all-time low of 84.23 per US dollar, weighed down by continued outflows of foreign funds and a robust US dollar in global markets. Forex analysts highlighted the volatility stemming from the ongoing US elections, suggesting that stability could return once results are clear in this close race. The US Federal Reserve is also on the radar, with an anticipated interest rate cut this week and a projected easing of up to 100 basis points by 2025. At the interbank forex market, the rupee opened at its historic low of 84.23 against the dollar, down from its previous close of 84.09. On Tuesday, the currency had ended slightly stronger, gaining 2 paise. Meanwhile, the dollar index, which tracks the strength of the US dollar against six major currencies, climbed 1.64% to 105.11. According to Anil Kumar Bhansali, Head of Treasury at Finrex Treasury Advisors, the index rose following initial election results showing former President Trump ahead, with the Republican party also leading in both the Senate and the House of Representatives. The global oil market saw movement as Brent crude prices dipped 0.98%, trading at USD 74.79 per barrel. Bhansali noted that the rupee’s trajectory will heavily depend on the Reserve Bank of India’s (RBI) response, particularly as the currency fluctuates with real-time election outcomes. He estimated an intra-day trading range between 84.00 and 84.35. On the domestic front, Indian stock markets showed positive trends. The Sensex climbed by 390.93 points (0.49%) to reach 79,867.56, while the Nifty rose by 135.60 points (0.56%) to 24,348.90. Despite these gains, foreign institutional investors (FIIs) were net sellers on Tuesday, pulling out Rs 2,569.41 crore from the capital markets, as per stock exchange data. This withdrawal underscores the challenges facing the Indian currency amid global financial uncertainties. (with PTI inputs)

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