Muscovites have a new way of greeting each other these days: “How’s the crisis?” It’s a rare person who gives a positive reply. The global economic meltdown is flattening Russia
Is the Worst of the Economic Crisis Over For Russia?
Tag Archives: finance
To find a job, ignore doom-and-gloom news, experts say
If you’re unemployed, you know it’s a rough time to be on the job hunt.
Russia admits financial mistakes
Russia’s finance minister made a rare admission of responsibility Monday for the country’s severe economic crisis. The Russian government overspent its vast oil revenues in recent years, fueling inflation, and did not do enough to reduce the economy’s reliance on oil, Finance Minister Alexei Kudrin said in an exclusive CNN interview. “Of course, I too bear the responsibility for not managing to diversify the economy as much as we wanted,” Kudrin said
Japan posts record trade deficit
Grappling with its worst economic crisis since World War II, Japan posted a record $10.1 billion trade deficit in January, the Ministry of Finance reported Wednesday. It was the fourth straight month of deficits as exports of vehicles, auto parts, electronics and semiconductors slumped.
Japan’s ‘Drunk’ Finance Chief, Shoichi Nakagawa, Steps Down
Slurred speech. Long pauses
Obama’s remarks on signing the stimulus plan
President Obama signed the $787 economic stimulus bill Tuesday in Denver, Colorado.
Barely Bipartisan, a Stimulus Deal Is Done
The U.S. Senate looks to be on track to pass a bill that sounds almost exactly like what President Barack Obama asked for last month
Arrest threatens Zimbabwe’s new unity government
Zimbabwe’s new unity Cabinet met for the first time Tuesday, bringing together leaders of President Robert Mugabe’s party and Prime Minister Morgan Tsvangirai’s opposition party. The government met a day after the opposition party, the Movement for Democratic Change, criticized last week’s arrest of a key party leader and what they called the abduction of other party members by Mugabe supporters. Roy Bennett — treasurer of the MDC and Zimbabwe’s agriculture deputy minister-designate — faces charges of planning terrorism and insurgency
Japanese finance minister denies being drunk
Japan’s main opposition party will introduce a motion Tuesday to censure that country’s finance minister after he appeared to be intoxicated at a weekend news conference at the G-7 meeting in Rome, the Kyodo News agency reported.
World’s richest countries pledge to fix economy
The world’s richest countries committed to "any further action that may prove necessary" to restore confidence in the global financial system, their finance ministers said as they wrapped up a two-day meeting in Rome. The Group of Seven finance ministers also urged countries not to close their markets to goods and services from abroad. “An open system of global trade and investment is indispensable for global prosperity,” they said in a statement at the end of their meeting Saturday.