&host=www.rt.com&uri=/news/russia-overcoming-recession-kudrin/comments/&via=1.1 8.27.241.143:80 (Footprint 4.8/FPMCP)&ua=CCBot/1.0 (+http://www.commoncrawl.org/bot.html))
breakingnews
06.09.2009, 18:03
Following the G20 ministerial meeting in London, Russia’s Finance Minister Aleksey Kudrin held a press conference where he talked about bonuses for banks and other financial reforms.
14.10.2010, 00:42
3 comments
While 14 million Americans are unemployed and 1 in 7 Americans are living in poverty, one group isn’t doing too badly.
26.08.2010, 03:24
9 comments
Millions of Americans remain unemployed, US bankruptcies have reached a five year high, China slashed US bond holdings by the largest amount to date and US home sales have plummeted to the lowest level on record.
11.11.2009, 19:23
6 comments
NY Governor David Paterson announced to a hastily assembled joint session of legislators that the state will be bankrupt in a month’s time unless lawmakers immediately strive to close an ever widening budget gap.
14.07.2010, 03:17
4 comments
Desperation. You catch a glimpse of it on the streets of Washington DC during rush hour as the gap between the have’s and the have not’s is growing.
28.08.2010, 02:50
4 comments
Federal Reserve Chief Ben Bernanke said that the US economic outlook was inherently uncertain, but he downplayed the odds of another recession.
09.10.2010, 01:25
2 comments
As the US economy teeters on the edge of decline and a possible double dip recession, emerging economies continue to grow at a quick click.
05.11.2009, 10:59
3 comments
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”.
15.09.2009, 08:28
3 comments
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.
15.10.2009, 10:32
2 comments
“The main driving force within any Wall Street company is the bonus and the profit. The bonus comes first and the profit later,” scorns Nomi Prins, former banker, author of ‘It Takes A Pillage’.
Published: 06 September, 2009, 17:30
Edited: 08 September, 2009, 03:31
If Russia spends the money it made from oil and gas sales in 2009, there would be no safety net in the economy. No net means a higher risk of inflation, says Russia’s Finance Minister Aleksey Kudrin, speaking to RT.
Let me ask you central bankers what you would do if all the other countries fell off the face of the earth? What would you do if you were the only country left on earth? Yes, you don’t want to spend dollar reserves unnecessarily, yes you can send too much money into inflationary expenditures, but to sit there like a bunch of paralyzed chickens and say that any expenditure is inflationary is rubbish! Do you have a tomato sauce factory… no! Well what are you waiting for! You import red radishes or whatever, but you have farmers about to desert a village just because they need a tractor, or a hydroponics plant! Money well spent is not inflationary, so just pretend you the last country on earth and get to work, or wont your boss in Brussels let you work for your people? Do you guys actually run your own central bank? I don’t buy it, doing nothing is not the right answer. Russia has got all the raw materials in the book… if you cant make it work, you not doing your job. Give me your central bank for 3 years, and I’ll give you back the world’s greatest economy, so get creative, make a special entrepreneurs bank, start special projects… pretend you all alone, and bootstrap, you have the smartest people in the world, put them to work. Putin is just one man, he cant do everything, help him! Bankers are all overpaid!