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15.09.2009, 09:36 6 comments

BRIC to call the shots in post-crisis world

The past year of economic decline has seen Washington’s influence on the wane, as well as London’s, and the way is now open for other countries to decide policy. Among them: Russia and her BRIC colleagues.

United States, New York : The headquarters of the Lehman Brothers investment bank on Sixth Avenue is seen on September 14, 2008 in New York (AFP Photo / Michael Nagle) 15.09.2009, 08:28 3 comments

Black Monday one year on: what’s in sight?

September 15 marks the economic 9/11 that shook the US last year. Global financial services firm Lehman Brothers collapsed and became a symbol of the largest bankruptcy in American history.

Photo from socialismdoesntwork.com 05.11.2009, 10:59 3 comments

The billionaire bailout society

The new financial instruments invented about 30 years ago helped the America’s wealthiest to suck up the extra wealth created by deregulated finance system, explains Les Leopold, author of “The Looting of America”.

Detroit 18.06.2010, 09:51 2 comments

Hope of recovery for former US auto powerhouse?

Detroit used to be one of America's premier auto manufacturers, but with the demise of its carmakers, Detroit’s residents are facing rising unemployment and crime in a city which has become a shell of its former self.

26.08.2009, 21:50 1 comment

“Ruling on the Feds – small victory for Americans”

The court ruling that the US Federal reserve should open its books and reveal how money is spent is “a very small victory for 75 percent of Americans”, Nicole Kardell, a legal analyst, told RT.

06.09.2009, 09:34 1 comment

Financial turmoil in decline? Wall Street has its say

It has been a year since the world plunged into financial economic turmoil, but has the crisis hit its peak yet? Web journalist and RT’s Lori “The Resident” Harfenist took to the financial hub of New York to find out.

21.10.2009, 02:06 4 comments

Every sixth American lives in poverty

34 million Americans are relying on the food stamp program for everyday essentials. It’s mostly the elderly who are suffering.

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.

Screenshot from "Idle Hands" 11.09.2009, 09:05 2 comments

Crisis breeds generation of unemployable

Hit by the recession, the once-prosperous UK town of Swindon has one of the highest unemployment rates in the country. Many fear it will lead to a whole generation of people who've lost their will to work.

No economic crisis for India?

Published: 29 August, 2009, 11:36


After years of tremendous growth, India’s economy is facing a slowdown. Despite that, it is still growing at the second fastest rate in the world, after China.

 
2 COMMENTS
Vladimir August 29, 2009, 23:02 quote
0

Go ahead India,make the growth with two digits, for that will make happy all those who have India and its people deep in the harts. Serbia celebrates India's rising!

Deepak September 01, 2009, 14:27 quote
0

Thanks Vladimir It is important for the people of India to be aware of the importance of the relationship with Russia because it is as close as it comes to being a true strategic partnership. As concern on economics crisis that's right we are not facing that type of problem that faces the western country but one problem is weak monsoon but Punjab full fill required Target so we are going smoothly Now we are boosting our economy after this rescission now our share market which touch 22000 point before the rescission now we are in 15450 point so all other sector also pickup the speed what we left in rescission.our Banks have full of reserve

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