Answer:
During the summer of 1998, the Russian economy was primed for the onset of a currency crisis.In an attempt to avert the crisis, the CBR intervenedby decreasing the growth of the money supply andtwice increasing the lending rate to banks, raisingit from 30 to 150 percent. Both rate hikes occurredin May 1998, the same month in which the Russianstock market lost 39 percent of its value.
The Gibbons v. Ogden court case in a nutshell:
Ogden had a monopoly on operating steamboats on the Lower Mississippi.
Gibbons, who had a federal liscence to operate steamboats, tried to start business there and was sued by Ogden.
The ruling was that Gibbons would be allowed to operate there, which gave precedent to federal law over state law.
Absentee voting: To vote from abroad, you must register with local election officials in your state of voting residence AND request an absentee ballot.
