Senator
Hey,
Want to thank godwit for all the good info you put up. And the others, it's all good.
Did want to mention, or maybe call attention to, Belarus which is mentioned here, is the neighbor of Lithuania. Over which Russia is having a fit with them joining ......NATO (?) and the EU Zone .....soon. This from the WWIII thread.
I don't know if I'm connecting the dots, or grasping for straws.
But did think it interesting.
Wise Men Still Seek Him
Banned
Russia May Be Cut to Junk as S&P Says It’s Considering Downgrade
“We are reviewing our assessment of Russia’s monetary flexibility and the impact of the weakening economy on its financial system,” S&P said in a statement. The move implies at least a one-in-two likelihood of a “negative rating action” within 90 days, the statement said. S&P said it expects to conclude its review by mid-January.
http://www.bloomberg.com/news/2014-1...downgrade.html
Banned
Russia Begins A $100 Billion Debt Bailout As Its Bonds Face 'Junk' Rating
Russia has begun bailing out the debt of its private and state-run companies and banks, which is denominated in dollars, according to Reuters.
Banks and companies owe a total of $600 billion in foreign debt, of which $100 billion is due next year.
The value of the ruble has fallen so far, however, that those companies can no longer afford to pay back that debt.
http://www.businessinsider.com/russi...rating-2014-12
Esquire
We gave our banks $85 billion every month, so this is news?
Banned
Russia's Finance Minister Says The Economy Could Shrink By 4% Next Year
MOSCOW (Reuters) - Finance Minister Anton Siluanov said on Friday that the Russian economy could contract by 4 percent next year and that the budget could have a deficit of more than 3 percent of gross domestic product if oil prices average $60 a barrel.
Siluanov also told journalists that his ministry had recalculated its budget forecasts to take into account oil prices at $60 a barrel and that he expected the ruble's average exchange rate to be around 51 rubles per dollar in 2015.
He added that state bank VTB <vtbr.mm> could get 100 billion rubles ($1.9 billion) from the National Wealth Fund by the end of the year and 150 billion rubles more in 2015, while Gazprombank <gzpri.rts> could get 70 billion rubles this or next year.
http://www.businessinsider.com/r-rus...n-2015-2014-12
Senator
What they need is Obamacare. It made our economy grow last quarter! Just think of how productive we are now. We spend more for less value and a miracle happens. Crappier service at higher costs is great economic growth. Obama be a genius. I would even call him an idiot savant.... but leave off the savant part.
Esquire
Yes, great idea, and they need their own EPA to push regulations down every business's throat, that is left standing, just to add salt to the wound. But that would be all for the children, of course.
Banned
Healthcare is free to all citizens in Russia. That said, there are problems with its quality -- http://en.wikipedia.org/wiki/Healthcare_in_RussiaOriginally Posted by StandFree
Banned
Russian Airlines Are Taking A Major Hit From The Ruble Collapse
Moscow (AFP) - Their international competitors may be cheering tumbling oil prices, but the collapse in the ruble has meant major financial turbulence for Russian airlines who have expenses in foreign currencies.
The ruble has slumped by 40 percent this year against the dollar and euro, mostly due to crude oil prices falling by half in the past six months as Russia's economy is heavily dependent upon oil exports.
http://www.businessinsider.com/afp-r...rlines-2014-12
Banned
Russia Starts A New Economic Union Tomorrow And It Already Looks Like A Disaster
The Eurasian Economic Union (EEA), which succeeds the Eurasian Economic Community and customs union, begins on Jan. 1, 2015. It's made up of Russia, Belarus, and Kazakhstan.
http://www.businessinsider.com/russi...saster-2014-12
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