Officially, U.S. Vice President Joe Biden is visiting Ukraine and Georgia this week to balance President Barack Obama’s warming relations with Russia and reassure Kiev and Tbilisi that Washington still supports their aspirations to join NATO (but in slow motion, please). Unofficially, his mission is to try to prevent another war in an unstable region that Russia regards as its backyard.
from Rolfe Winkler:
FDIC announced five more bank seizures this evening, two of which are in Georgia, the Chernobyl of Banking. None of the five will be a big drain on the Deposit Insurance Fund, but, as noted at the bottom, there's another DIF-related issue that bears watching.