Putin consolidating control

[Skip to the end] As suspected: Putin may Use Credit Squeeze to ‘Destroy’ Oligarchs (Update1) By Torrey Clark and Henry Meyer Oct. 17 (Bloomberg) — Vladimir Putin came to power in 2000 vowing to destroy Russia’s oligarchs “as a class.” Within two years, he’d driven two into exile and imprisoned another. Now, he may use […]

Reuters: Putin hiking wages and pensions

[Skip to the end] As suspected, the political response to high food prices is to assist with government funding. Yes, it’s inflationary, but politically there is little choice. In the case of a relatively rich exporter of energy like Russia, they are helping their citizens outbid poorer nations for food: Russia’s Putin promises to hike […]

The subprime mess

On Jan 5, 2008 9:40 PM, Steve Martyak wrote: > http://www.autodogmatic.com/index.php/sst/2007/02/02/subprime_credit_crunch_could_trigger_col > > > also…. > > 9/4/2006 > Cover of Business Week: How Toxic Is Your Mortgage? :. > > The option ARM is “like the neutron bomb,” says George McCarthy, a housing > economist at New York’s Ford Foundation. “It’s going to kill […]