Stupidity got us into this crisis – why can’t it get us out?
Published: 12 February, 2009, 19:48
Western politicians are trying to take the high ground, publicly criticizing bankers for paying themselves big bonuses.
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US and UK politicians seem determined to bankrupt their economies in their struggle to save the banks.
In a second round of bank bail-outs, Prime Minister Putin this week approved $28 billion in fresh liquidity. But unlike previous banking bailouts its emphasizing the funds don’t get used to speculate against the Rouble.
One of the key suspects in the assassination of Andrey Kozlov, the vice-president of the Central Bank of Russia, has been arrested in Moscow. Andrey Kosmynin had been on the federal and international wanted list for two years.
Sir Elton John has become the latest world star to visit Russia for a performance at a private party. The British pop icon reportedly received $US 3 million for attending Sunday’s grand opening of a concert hall in Rublevka, a super-rich area of Moscow.
28.02.2009, 21:39
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Hayman Advisors LP, famous for its mortgage crisis prediction, now is warning of the imminent collapse of the European monetary union.
At a meeting in southern England, financial policymakers from the G20 group pledged to increase the role of the International Monetary Fund and make a “sustained effort” to restore global growth.
18.10.2010, 09:09
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Public services in Britain are facing massive cuts in their budget as the government looks to fill the huge black hole in its balance sheet.
23.06.2009, 10:39
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Webster Tarpley, journalist, radio host and critic of the Obama administration, reveals to RT who he thinks really rules the United States.
20.04.2009, 13:03
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As the world financial and economic crisis comes into its own, the Western community leaders are seeking to impress on mankind the idea that this upheaval will end up ‘turning the world into something different’.
15.09.2009, 09:36
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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.
Published: 12 February, 2009, 19:48
Western politicians are trying to take the high ground, publicly criticizing bankers for paying themselves big bonuses.