After waiting half an hour in a line of 20 people at the dusty ATM, Eduard Markov finally walks away with his old leather wallet bulging with rubles. Like thousands of others in the northern Russian industrial town of Pikalyovo, the 44-year-old clay quarry worker had not been paid in three months. But now he at least has enough to buy the basics meat, vodka, noodles, oil and fruit from shops that just a few days ago were empty of customers.
Tag Archives: Recession
Why Rising Interest Rates May Be a Good Sign
What’s SUP? A Surf Sport That’s Bucking the Recession
Stand-up paddle surfing may sound like a scene from a screwball comedy, but no one’s laughing in a sports and fitness industry that has hit the recession skids as hard as any other business. SUP, as it’s called for short, looks exactly as it sounds: you stand on a large surfboard and propel yourself forward with a paddle. But, unlike traditional surfing, you don’t have to wait for the waves.
Police chief hurt, bodyguard killed in Iraq suicide attack
A security guard for a provincial police chief was killed Saturday in a suicide bombing in western Iraq, state-run media reported. Seattle-based mega-yacht rental business CEO Expeditions usually charges around $100,000 a week to charter their 100+ foot yachts, however, they have introduced a deal waiving the charter fees — so guests will only need to pay for the running of the vessel.
Banking Jobs Holding Up Better than Most in Recession
Staffers in the industry at the heart of the nation’s economic woes have been hurt less in the downturn than the rest of the country has. Jobs in the banking and insurance industries have fallen just 5% since the start of the recession. That’s half a percentage point less than the 5.4% overall drop in nongovernment employment over the same time period, according to the Bureau of Labor Statistics