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16.09.2009, 09:51 1 comment

Expats expelled: crisis hits foreigners in Russia

As many companies in Russia have resorted to job cuts over the past twelve months to stay afloat, foreign workers were hit hard. More than two thirds of expats who came to Russia to work have lost their jobs.

13.11.2009, 22:38 4 comments

Pembroke: the most broke town in Obama’s home state

There’s broke and then there’s Pembroke (Illinois, that is). Located in the northern county of Kankakee, the township of Pembroke is now suffering a crushing 46% unemployment rate.

05.04.2010, 12:45 3 comments

“The US economy will not recover for at least another decade” – Engdahl

American bankers see themselves as the gods of money, a class above mere mortals, and they can do what they wish, said renowned economic researcher and historian William Engdahl in an interview with RT.

AFP Photo / Louisa Gouliamaki 16.04.2010, 23:19 2 comments

Greek crisis to crash Eurozone utopia?

The eurozone’s secret is that its pockets are a little dusty. It could print or borrow the cash to bail out Greece and but it knows that would not be the end of it.

AFP Photo / Emmanuel Dunand 03.10.2010, 11:01 2 comments

“Wall Street crooks and Washington politicians sleep in one bed” – insider

US author Yves Smith spoke with RT about the cover-ups that went on leading up to and during the economic crisis, the real secrets of the crooks on Wall Street, and the doom and gloom of the future of America's economy.

16.09.2009, 15:38 1 comment

From Lada the Car to Winnie the Pooh

Employees from AvtoVAZ – Russia’s biggest car company from Central Russia’s city of Togliatti – might soon be demoted to making toys, rather than cars, in an attempt to pull through the economic crisis.

14.09.2009, 23:22

“The crisis is not over yet”

There are signs that economies of other countries are improving, like Japan, France and Germany, but we don’t see it here in the US, says RT contributor Wayne Madsen.

Boris Yeltsin (L) and Yegor Gaidar (RIA Novosti Photo) 16.12.2009, 15:38 2 comments

Gaidar’s former colleagues and friends: “He saved Russia from collapse”

To talk about Yegor Gaidar, RT turned to Georgy Satarov, a former aide to Russian President Boris Yeltsin and Leonid Gozman, ex-leader of the Union of Right Forces, the country’s right-wing liberal party.

14.09.2009, 08:55

Russians become poster boys for debts

A novel way of exposing those who fail to pay their utility bills has been adopted by one company in central Russia. The faces of its worst-offending customers have been plastered on giant billboards across the city.

26.09.2009, 14:53

Russia’s largest carmaker to lay off 27,000 workers

Russia’s Avtovaz says more than 27,000 jobs are to go due to plunging demand. It’s a severe blow for workers at the company, the largest employer in the city of Togliatti in the Samara region.

“Effects of global crisis will be felt for a long time”

Published: 08 September, 2009, 15:00

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TAGS: Russia, Crisis, Crisis Chronicle, Economy


It will still take a while for ordinary Russians to assess improvements in the economy, said Vladimir Osakovsky, head of strategy and research at Unicredit bank.

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