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AFP Photo / Dmitry Kostyukov 27.11.2008, 12:35

Forget the crisis... hit Moscow, buy an island!

Retail therapy on a grand scale might be the best way of overcoming the economic crisis. But that means spending serious amounts of money – an option not open to many of us these days. But it’s not a problem for the super-rich, who are preparin

AFP Photo / Files / Dmitry Kostyukov 17.02.2009, 12:16

Russia’s most eligible bachelor rises above crisis

While the economic crisis causes havoc among Russia’s super rich, there’s one man who has bucked the trend. Mikhail Prokhorov has risen to the top of the wealthy list with a multi-billion dollar fortune.

Eugène Delacroix,  "Liberty Leading the People" 11.02.2009, 22:26 2 comments

Peace to huts, war to palaces – Russian officials fight wealth

The idea of property redistribution, like the Phantom Of The Opera, still haunts the hearts and minds of those in power.

Image from http:/media.wildorchid.ru 09.03.2009, 11:33 1 comment

Downturn takes the lustre off expensive lingerie for Russian women

Russian luxury retailers – including those who sell designer lingerie – were planning to buck the economic downturn. But, they are finding they’re not immune.

Painting by Todd Davidson 20.02.2009, 00:23

Turning a crisis into cash

As the global financial crisis bites deeper, more and more Russians are relying on their creativity to make cash. Kids and the nightclub scene are providing some salvation.

Barack Obama addresses a Joint Session of Congress at the Capitol in Washington on February 24, 2009 (AFP Photo / Saul Loeb) 25.02.2009, 13:11 1 comment

Obama promises economic recovery

Barack Obama said it will take time, but the U.S. economy will recover from its crisis. The economy was the main topic of the president’s first address to a joint session of the U.S. Congress.

02.03.2009, 18:37

Charitable people just want to look good

A new academic study claims that one of the main reasons people give to charity is “image motivation”, i.e. they want to be seen by others as charitable people rather than any real altruistic motives.

25.02.2009, 22:48

Anti-crisis menu à la russe

Russian authorities have published dietary guidelines for preparing meals in these times of economic crisis. However, Russians took the advice with skepticism.

24.02.2009, 20:49

Pink slips coming for Kremlin staff

The Russian President’s office is not the place to avoid mass dismissal alongside other budget cuts. These measures are due in spring of this year.

06.02.2009, 08:01

IT-free hideouts for future elites

A new study predicts that in a dozen years from now, powerful people will be seeking refuge from evasive communication media. To preserve their privacy, those who can afford it will build IT-free fortresses.

Gates regains title as the world's richest man

Published: 12 March, 2009, 11:20


The world's super-rich have suffered badly during the financial crisis. But by exactly how much has just become a little clearer after Forbes Magazine unveiled its annual list of the ups and down in the business world.

 
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