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LA STAMPA

Come On Kids, We're Going To The Finance Museum!

Forget Disneyland and dinosaurs exhibits. Here's a new way to try to engage the kids that can also help secure their future: the world's first ever Savings and Finance Museum opens in Turin next month. The mascot is an industrious little

Depiction of the New York Stock Exchange, 1909 (Moses King)
Depiction of the New York Stock Exchange, 1909 (Moses King)

*NEWSBITES

TURIN – That "money doesn't grow on trees' is not a lesson you can expect to find explained at the local natural science museum or botanical garden. So the Italian industrial capital of Turin has taken on the task of establishing the first ever Museum of Savings and Finance, which opens its doors on May 25.

Would-be Warren Buffets and Silvio Berlusconis of the future can learn about interest rates and share prices in a 600 square-meter Renaissance building that appropriately enough originally hosted a pawnshop. In five rooms, visitors of all ages will be taught the history of money and stock exchanges, and will also get tips on how to indeed make their money grow.

The museum, promises to be "interactive and funny," includes a presentation of pension funds explained to children by Formi and Mica, the fictional ants (formica is Italian for ant) who are the mascots of the institution. Museum officials assure that greed is not at the core of the project, and note that the foundation behind it is a registered non-profit.

Read the original article in Italian by Maurizio Lupo

Photo - Moses King

*Newsbites are digest items, not direct translations


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FOCUS: Russia-Ukraine War

When Did Putin "Turn" Evil? That's Exactly The Wrong Question

Look back over the past two decades, and you'll see Vladimir Putin has always been the man revealed by the Ukraine invasion, an evil and sinister dictator. The Russian leader just managed to mask it, especially because so many chose to see him as a typically corrupt and greedy strongman who could be bribed or reasoned with.

Putin arrives for a ceremony to accept credentials from 24 foreign ambassadors at the Grand Kremlin Palace on Sept. 20.

Sergiy Gromenko*

-OpEd-

KYIV — The world knows that Vladimir Putin has power, money and mistresses. So why, ask some, wasn't that enough for him? Why did he have to go start another war?

At its heart, this is the wrong question to ask. For Putin, military expansion is not an adrenaline rush to feed into his existing life of luxury. On the contrary, the shedding of blood for the sake of holding power is his modus operandi, while the fruits of greed and corruption like the Putin Palace in Gelendzhik are more like a welcome bonus.

In the last year, we have kept hearing rhetorical questions like “why did Putin start this war at all, didn't he have enough of his own land?” or “he already has Gelendzhik to enjoy, why fight?” This line of thinking has resurfaced after missile strikes on Ukrainian power grids and dams, which was regarded by many as a simple demonstration of terrorism. Such acts are a manifestation of weakness, some ask, so is Putin ready to show himself weak?

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However, you will not arrive at the correct answer if the questions themselves are asked incorrectly. For decades, analysts in Russia, Ukraine, and the West have been under an illusion about the nature of the Russian president's personal dictatorship.

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