Russia attacked Kyiv with deadly airstrikes, North Korea simulated a nuclear attack on the South, and Ben Bernanke won the Nobel economics prize.

Karah Rucker Anchor/Reporter

Russia strikes Kyiv; North Korea threatens South; Nobel Prize for economics

Oct 10, 2022

Karah Rucker Anchor/Reporter

By Karah Rucker (Anchor/Reporter), Ben Burke (Producer/Editor)

Russia attacked multiple Ukrainian cities, including Kyiv, with strikes; North Korea explains its reasoning behind its recent missile launches; and a former Federal Reserve chairman won the Nobel Prize in economics. These stories highlight the Daily Rundown for Monday, Oct. 10, 2022.

Russia launches strikes on Ukraine – At least eights people were killed and dozens were injured in Kyiv, one of 10 reported targets of Russian strikes Monday. The sustained barrage hit residential areas and critical infrastructure facilities alike, seen as a major surge in the war amid a successful Ukrainian counteroffensive in recent weeks.

“Our country is now facing a certain external pressure,” Russian President Vladimir Putin said during a meeting with recently elected governors Monday. “This imposes a special, even higher degree of responsibility … it requires even greater concentration, consolidation of efforts in order to achieve our goals.”

President Putin said the strikes were retaliation for what he called Kyiv’s “terrorist” actions, including an attack last weekend on a key bridge between Russia and the annexed Crimean Peninsula. No one has claimed responsibility for damaging the bridge.

North Korea explains recent missile launches – North Korean state media confirmed Monday that last weeks’ series of missile test launches were the simulated use of its tactical battlefield nuclear weapons to “hit and wipe out” potential South Korean and U.S. targets. Leader Kim Jong Un indicated more tests would be conducted.

North Korea’s official Korean Central News Agency added the tests were in response to recent naval drills between the U.S. and South Korean forces. Viewing the drills as a military threat, North Korea decided to stage “the simulation of an actual war” to check and improve its war deterrence and send a warning to its enemies.

Ben Bernanke awarded Nobel Prize for economics – The Nobel Memorial Prize in Economic Sciences was awarded on Monday to Ben Bernanke, the former Federal Reserve chair, and two other academics for their research into banks and financial crisis. Bernanke wrote a research paper in 1983 that broke ground in explaining that bank failures can propagate a financial crisis rather than simply being a result of the crisis. The research was based on analysis of the Great Depression.

The Nobel committee said Bernanke’s research served to be “invaluable” during the 2008 financial crisis and the coronavirus pandemic. Bernanke was chairman of the Federal Reserve from 2006 to 2014. Douglas W. Diamond, an economist at the University of Chicago, and Philip H. Dybvig at Washington University in St. Louis won the prize alongside Bernanke.

UKRAINE’S CAPITOL CITY OF KYIV FELL UNDER ATTACK OVERNIGHT.
AN ESCALATION OF NUCLEAR THREAT…BUT NOT FROM RUSSIA.
AND AT A TIME OF FINANCIAL CRISES…A NOBEL PRIZE RECOGNIZES RESEARCH FROM A U-S ECONOMIST.
GOOD MORNING I’M KARAH RUCKER. HERE’S YOUR DAILY RUNDOWN.
OUR TOP STORY…
DOZENS OF LONG-RANGE MISSILES AND ROCKETS HAVE TORN THROUGH THE SKIES OF KYIV –UKRAINE’S CAPITOL — A RESIDENTIAL AREA WHERE RUSSIA KNOWS CIVILIANS ARE SHELTERING.
KYIV WAS ONE OF 10 CITIES TARGETED MONDAY.
PUTIN SAID THE STRIKES WERE A DIRECT RESPONSE TO WHAT HE CALLED ‘AN ACT OF TERRORISM’ AFTER THE BRIDGE BETWEEN RUSSIA AND **ANNEXED CRIMEA EXPLODED SATURDAY.
TODAY’S ATTACK IS SIGNIFICANT…SEEN AS THE HIGHEST ESCALATION POINT SINCE THE WAR BEGAN.
PRESIDENT BIDEN WARNED OF NUCLEAR ARMEGEDDON REFERRING TO VOLATILITY FROM RUSSIA…
BUT ANOTHER WORLD POWER….NORTH KOREA…IS CONDUCTNG DRILLS SIMULATING NUCLEAR WAR AGAINST THE SOUTH.
OVER THE WEEKEND…KIM JONG UN SAYING THE CAPACITY IS THERE AND READY TO ‘WIPE OUT’ SOUTH KOREA.
THE U-S HAS STRONGLY SUPPORTED THE SOUTH WITH A SHOWING OF NAVY DRILLS USING SOME OF OUR MOST EQUIPPED WARSHIPS.
NORTH KOREA FEELING PROVOKED BY THE PRESENCE OF THE U-S IN THE KOREAN PENINSULA.
AND AS FINANCIAL CRISES LOOM ACROSS THE WORLD…
FORMER FEDERAL RESERVE CHAIR BEN BERNANKE HAS BEEN AWARDED THE NOBEL PRIZE IN ECONOMICS.
USUALLY THESE AWARDS GO TO PEOPLE UNFAMILIAR TO US.
BUT BERNANKE LED THE U-S CENTRAL BANK DURING THE 2008 FINANCIAL CRISIS.
HIS RESEARCH HAS BEEN WIDELY IMPLEMENTED TO AVOID THE COLLAPSE OF BANKS AND ECONOMIES.