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AFP Photo / Kazbek Basayev 01.07.2009, 02:43 3 comments

“Reforming army – ‘mission impossible’ during recession”

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02.07.2009, 09:53 3 comments

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27.02.2009, 21:56 2 comments

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16.06.2009, 16:27 2 comments

“BRIC countries unable to change world economy on their own”

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Irina Karaush 21.04.2009, 08:39 1 comment

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Russian Prime Minister Vladimir Putin (C) tours the BaselCement factory in Pikalevo on June 4, 2009 (AFP Photo / RIA Novosti / Pool / Alexey Nikolsky) 04.06.2009, 19:54 1 comment

Putin takes on desperation of crisis-hit town

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06.06.2009, 09:14 1 comment

Wheat from chaff – first World Grain Forum opens in St. Petersburg

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01.07.2009, 17:29 1 comment

“Gambling industry still has future… unfortunately” – analyst

Despite the crisis that made transfer of the gambling industry to four far-flung areas problematic, “gambling won’t disappear so easily,” Boris Kagarlitsky of the Institute for Globalization Studies in Moscow told RT.

11.07.2009, 09:07 1 comment

Banks accused of loan shark tactics

Russian banks are being accused of intimidation in their desperate quest to get loans repaid.

27.08.2009, 15:47 1 comment

“Russia unlikely to give Belarus $500 million”

Chances of Russian loaning $500 million to Belarus are low, as the countries appear to be moving in different directions, says Kirill Koktysh from the Moscow State Institute of Foreign Affairs.

Russian unemployed has a young face

Published: 28 July, 2009, 20:40


A year of the world economic crisis has brought about a profound change in the face of the Russian unemployed – now most of them are young people aged 18 to 30 and only 7% of the unemployed have no education.

 
2 COMMENTS
Tom Templeton July 29, 2009, 03:21 quote
0

Has anyone considered that it isn't just this current financial melt down causing all of these problems? Maybe a faith in pure capitalism and corporatism around the world is causing these problems. It seems to me that as technology increases, companies no longer produce anything other than a brand image (since everything is outsourced and made in the same factories in Asia), and as the companies gobble each other up and merge (which always creates job losses), this was destined to happen, in Russia, America, and everywhere else. Personally I don't care if AT&T or T-Mobile make an extra 1% in sales... I don't see any of that money, and neither do any of the workers on the front lines of that company. The employees will still get paid less than it takes to live. The profits go straight to the shareholders, a very small minority of people. It doesn't matter which way the economy is going up down or sideways large companies are always trying to get rid of employees. Employees are bad for profits... and lots of unemployed people means the work place can threaten current workers to get them to work harder for less and can pay those begging for work pennies.

Count Cash July 29, 2009, 07:43 quote
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Actually Tom, most of what you describe, are all healthy effects, this is the way it should be. This is business. However, the problems that we actually see come form uncontrolled and corrupt factors within nations. The first is that of monopoly, without some control by government, it all descends into a monopoly of the few. This actually isn't good for business in the long run, and is definitely not good for the consumer or worker in the short run. Secondly the issue is national cohesiveness. Removing the national control and boundaries with global capitalism, is a recipe for disaster. Nations are the natural cultural building blocks of our world. They are the units from which international trade and protection of citizens comes from. Therefore nations need act to make sure ownership in their countries remains at least at 51%. They need take care of their people as a nation and allow citizens ownership, so the people get the dividends, not the outmoded, concept of tax. The third is that of commercial control of government, here the financial actors take the levers of powers, and control the people like factory fodder. They userp the rules of supply and demand, by controlling training and allowing immigrants in to artificially depress the wage rates. The financial few via corrupt government deny the worker their rights to equally compete and sell their skills in the market. The fourth follows the third, the financial few control government as a deal on interest for us and tax for you. They suppress the wage rates as in 3 above, but then offer credit as the vehicle for human survival. It is the devils deal, the poor are on credit and tax, and the financial few hold the levers of government. So please Tom, don't throw the baby out with the bathwater. There is nothing wrong with capitalism, There is everything wrong with corrupt government, lack or respect of nations and oppressing the peoples ability to compete and sell their skills in the market.

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