Domingo Halliburton
Handmade in USA
A lot of funds and stuff couldn't buy your debt at that point. It just limits who will buy it. It wouldn't be the worst thing in the world.
Another Big Win For Putin!!!
- Thread starter 88m3
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A lot of funds and stuff couldn't buy your debt at that point. It just limits who will buy it. It wouldn't be the worst thing in the world.
Futuristic Eskimo
All Star
I think everyones already pricing in a downgrade. Probably wont move yields much.
Domingo Halliburton
Handmade in USA
You're right. If oil hits like 30 then worry
88m3
Fast Money & Foreign Objects
Vodka prices: Putin calls for cap amid economic crisis
There are fears rising vodka prices are pushing some Russians towards illegal liquor
Continue reading the main story
Related Stories
Mr Putin, who has been hit by increasing economic woes, said that high prices encouraged the consumption of illegal and possibly unsafe alcohol.
Russia's currency, the rouble, has lost value recently due to falling oil prices and Western sanctions.
The country's former finance minister warned that Russia would enter recession next year.
Contributing factor
Mr Putin, who promotes a healthy lifestyle, asked "relevant agencies" to think about what he said, adding that the government should fight against the illegal trafficking of alcohol.
According to a leading university study last year, 25% of Russian men die before reaching their mid-50s, Reuters reports.
Alcohol was found to be a contributing factor in some of these early deaths.
Since last year, the government-regulated minimum price of half a litre (17 oz) of vodka has increased by around 30% to 220 roubles ($4.10; £2.64), Reuters adds.
It is not just vodka that has seen a price rise. Annual inflation in Russia currently stands at 9.4%.
http://www.bbc.com/news/world-europe-30599341
Continue reading the main story
Related Stories
- Vodka blamed for Russian death rate
- Russians fear return to 1998 crisis
- What's behind rouble's fall?Watch
Mr Putin, who has been hit by increasing economic woes, said that high prices encouraged the consumption of illegal and possibly unsafe alcohol.
Russia's currency, the rouble, has lost value recently due to falling oil prices and Western sanctions.
The country's former finance minister warned that Russia would enter recession next year.
Contributing factor
Mr Putin, who promotes a healthy lifestyle, asked "relevant agencies" to think about what he said, adding that the government should fight against the illegal trafficking of alcohol.
According to a leading university study last year, 25% of Russian men die before reaching their mid-50s, Reuters reports.
Alcohol was found to be a contributing factor in some of these early deaths.
Since last year, the government-regulated minimum price of half a litre (17 oz) of vodka has increased by around 30% to 220 roubles ($4.10; £2.64), Reuters adds.
It is not just vodka that has seen a price rise. Annual inflation in Russia currently stands at 9.4%.
http://www.bbc.com/news/world-europe-30599341
Spidey Man
Superstar
Vodka prices: Putin calls for cap amid economic crisis
There are fears rising vodka prices are pushing some Russians towards illegal liquor
Continue reading the main story
Related Stories
Russian President Vladimir Putin has ordered his government to curb rising vodka prices.
- Vodka blamed for Russian death rate
- Russians fear return to 1998 crisis
- What's behind rouble's fall?Watch
Mr Putin, who has been hit by increasing economic woes, said that high prices encouraged the consumption of illegal and possibly unsafe alcohol.
Russia's currency, the rouble, has lost value recently due to falling oil prices and Western sanctions.
The country's former finance minister warned that Russia would enter recession next year.
Contributing factor
Mr Putin, who promotes a healthy lifestyle, asked "relevant agencies" to think about what he said, adding that the government should fight against the illegal trafficking of alcohol.
According to a leading university study last year, 25% of Russian men die before reaching their mid-50s, Reuters reports.
Alcohol was found to be a contributing factor in some of these early deaths.
Since last year, the government-regulated minimum price of half a litre (17 oz) of vodka has increased by around 30% to 220 roubles ($4.10; £2.64), Reuters adds.
It is not just vodka that has seen a price rise. Annual inflation in Russia currently stands at 9.4%.
http://www.bbc.com/news/world-europe-30599341
That's how you hit them where it hurts
superunknown23
Superstar
Russians would tolerate price increases in anything, except their precious vodka
Yo... the CIA ain't shyt
Russians would tolerate price increases in anything, except their precious vodka
Vodka
Tetris
AK-47s
OIL
4 keys to success for your country
superunknown23
Superstar
Soviets used to do the same shyt. A drunken populace is easier to control.Vodka prices: Putin calls for cap amid economic crisis
There are fears rising vodka prices are pushing some Russians towards illegal liquor
Continue reading the main story
Related Stories
Russian President Vladimir Putin has ordered his government to curb rising vodka prices.
- Vodka blamed for Russian death rate
- Russians fear return to 1998 crisis
- What's behind rouble's fall?Watch
Mr Putin, who has been hit by increasing economic woes, said that high prices encouraged the consumption of illegal and possibly unsafe alcohol.
Russia's currency, the rouble, has lost value recently due to falling oil prices and Western sanctions.
The country's former finance minister warned that Russia would enter recession next year.
Contributing factor
Mr Putin, who promotes a healthy lifestyle, asked "relevant agencies" to think about what he said, adding that the government should fight against the illegal trafficking of alcohol.
According to a leading university study last year, 25% of Russian men die before reaching their mid-50s, Reuters reports.
Alcohol was found to be a contributing factor in some of these early deaths.
Since last year, the government-regulated minimum price of half a litre (17 oz) of vodka has increased by around 30% to 220 roubles ($4.10; £2.64), Reuters adds.
It is not just vodka that has seen a price rise. Annual inflation in Russia currently stands at 9.4%.
http://www.bbc.com/news/world-europe-30599341
Russians won't complain much as long as there's some bread and cheap vodka (they drink like crazy).
The average life expectancy of Russian males is only around 60 years old (they look like shyt by age 50)
ADIDAS track suitsVodka
Tetris
AK-47s
OIL
4 keys to success for your country
Putin out here being a scumbag as usual 
Arresting political opponents
Aleksei Navalny, Putin Critic, Is Seized at Rally After Suspended Sentence in Fraud Case
http://www.nytimes.com/2014/12/31/world/europe/aleksei-navalny-convicted.html?smid=tw-bna
Arresting political opponents
Aleksei Navalny, Putin Critic, Is Seized at Rally After Suspended Sentence in Fraud Case
http://www.nytimes.com/2014/12/31/world/europe/aleksei-navalny-convicted.html?smid=tw-bna
Russia's Ruble Crisis Is Following The Same Pattern That Destroyed The Soviet Union
REUTERS/Maxim Shemetov
See Also
Russia's Biggest Banks Are Getting Hammered By The Ruble Collapse
Russian Bank Manager: 'This Is The End Of The Banking System'
Russian Central Banker: 'Even In Our Nightmares, We Couldn't Have Imagined This'
The Russian ruble is collapsing, reaching fresh historical lows on a daily basis. At the same time, oil prices are heading even further into the floor — the price of oil is down nearly 50% in the past six months.
The currency's fall has crossed the line from a headache to a full-blown crisis. A massive interest hike Monday night from the Central Bank of Russia (to 17% from 10.5%) barely held off the ruble's fall for a couple of hours.
It's raising memories of previous collapses in Russia, like the 1998 financial crisis. But for some, it's more like the 1980s oil glut that eventually brought down the Soviet Union.
Here's Yegor Gaidar writing for the American Enterprise Institute seven years ago. He was Russia's acting prime minister between 1991 and 1994, years of extreme economic pain for Russia.
He describes the starting point of the USSR's collapse:
The timeline of the collapse of the Soviet Union can be traced to September 13, 1985. On this date, Sheikh Ahmed Zaki Yamani, the minister of oil of Saudi Arabia, declared that the monarchy had decided to alter its oil policy radically. The Saudis stopped protecting oil prices, and Saudi Arabia quickly regained its share in the world market. During the next six months, oil production in Saudi Arabia increased fourfold, while oil prices collapsed by approximately the same amount in real terms.
Sound familiar?
It should. OPEC, the group of oil-producing nations, failed to agree to a cut in output (the usual response to falling prices) this November. Statements from the Saudi oil minister and other officials have suggested that the country, and the other gulf states, are happy to let prices slide. That leaves countries like Russia in a perilous position.
In the late 1980s, the Soviet Union was forced into an embarrassing scramble for money. It tried to make deals with numerous banks, but the funding offered was far smaller than what the country required. Food shortages worsened, and Moscow needed the help of governments in the West, for which the USSR effectively had to allow Eastern European countries to assert independence.
Writing in 2007, Gaidar warned against the consensus that oil prices would stay high:
What lessons can we learn from the Soviet collapse and apply to the current situation in Russia? First, we must remember that Russia today is an oil-dependent economy. No one can accurately predict the fluctuations of oil prices. The collapse of the Soviet Union should serve as a lesson to those who construct policy based on the assumption that oil prices will remain perpetually high. It would seem that in our country, which has lived through the collapse of the late 1980s and early 1990s, this fact would be evident. But as soon as the prices went up again at the beginning of 2000 and in 2004 became comparable in real terms to those at the beginning of the 1980s, the idea that “high oil revenues are forever” has gained an even wider acceptance.
Russia today isn't the same top-down, command-and-control economy that it was in the 1980s, but the dynamic hasn't changed entirely. The country is still hugely dependent on oil, particularly in terms of tax revenues and exports.
And Gaidar thinks the collapse of the Soviet Union is still relevant for modern Russia:
One more lesson that is relevant for Russian politics today is that authoritarian regimes, although displaying a façade of strength, are fragile in crisis. In conditions of relative stability, society is prepared to tolerate the lack of real elections. People are prepared to come to terms with this situation as an inevitable and habitual evil. But they will do so only until the country encounters a serious challenge, requiring decisive and tough measures in order to adapt to unfavourable conditions.
Russian banks are watching their share prices go through the floor Tuesday. The Soviet Union may be over, but the falling oil price still poses a debt challenge for Russia. This time, its banks are more likely to take the heat.
Read more: http://uk.businessinsider.com/russia-ruble-crisis-looks-like-the-soviet-union-2014-12#ixzz3NUWOtFKE
- DEC. 16, 2014, 1:39 PM
- 28,270
- 34
REUTERS/Maxim ShemetovSee Also
Russia's Biggest Banks Are Getting Hammered By The Ruble Collapse
Russian Bank Manager: 'This Is The End Of The Banking System'
Russian Central Banker: 'Even In Our Nightmares, We Couldn't Have Imagined This'
The Russian ruble is collapsing, reaching fresh historical lows on a daily basis. At the same time, oil prices are heading even further into the floor — the price of oil is down nearly 50% in the past six months.
The currency's fall has crossed the line from a headache to a full-blown crisis. A massive interest hike Monday night from the Central Bank of Russia (to 17% from 10.5%) barely held off the ruble's fall for a couple of hours.
It's raising memories of previous collapses in Russia, like the 1998 financial crisis. But for some, it's more like the 1980s oil glut that eventually brought down the Soviet Union.
Here's Yegor Gaidar writing for the American Enterprise Institute seven years ago. He was Russia's acting prime minister between 1991 and 1994, years of extreme economic pain for Russia.
He describes the starting point of the USSR's collapse:
The timeline of the collapse of the Soviet Union can be traced to September 13, 1985. On this date, Sheikh Ahmed Zaki Yamani, the minister of oil of Saudi Arabia, declared that the monarchy had decided to alter its oil policy radically. The Saudis stopped protecting oil prices, and Saudi Arabia quickly regained its share in the world market. During the next six months, oil production in Saudi Arabia increased fourfold, while oil prices collapsed by approximately the same amount in real terms.
Sound familiar?
It should. OPEC, the group of oil-producing nations, failed to agree to a cut in output (the usual response to falling prices) this November. Statements from the Saudi oil minister and other officials have suggested that the country, and the other gulf states, are happy to let prices slide. That leaves countries like Russia in a perilous position.
In the late 1980s, the Soviet Union was forced into an embarrassing scramble for money. It tried to make deals with numerous banks, but the funding offered was far smaller than what the country required. Food shortages worsened, and Moscow needed the help of governments in the West, for which the USSR effectively had to allow Eastern European countries to assert independence.
Writing in 2007, Gaidar warned against the consensus that oil prices would stay high:
What lessons can we learn from the Soviet collapse and apply to the current situation in Russia? First, we must remember that Russia today is an oil-dependent economy. No one can accurately predict the fluctuations of oil prices. The collapse of the Soviet Union should serve as a lesson to those who construct policy based on the assumption that oil prices will remain perpetually high. It would seem that in our country, which has lived through the collapse of the late 1980s and early 1990s, this fact would be evident. But as soon as the prices went up again at the beginning of 2000 and in 2004 became comparable in real terms to those at the beginning of the 1980s, the idea that “high oil revenues are forever” has gained an even wider acceptance.
Russia today isn't the same top-down, command-and-control economy that it was in the 1980s, but the dynamic hasn't changed entirely. The country is still hugely dependent on oil, particularly in terms of tax revenues and exports.
And Gaidar thinks the collapse of the Soviet Union is still relevant for modern Russia:
One more lesson that is relevant for Russian politics today is that authoritarian regimes, although displaying a façade of strength, are fragile in crisis. In conditions of relative stability, society is prepared to tolerate the lack of real elections. People are prepared to come to terms with this situation as an inevitable and habitual evil. But they will do so only until the country encounters a serious challenge, requiring decisive and tough measures in order to adapt to unfavourable conditions.
Russian banks are watching their share prices go through the floor Tuesday. The Soviet Union may be over, but the falling oil price still poses a debt challenge for Russia. This time, its banks are more likely to take the heat.
Read more: http://uk.businessinsider.com/russia-ruble-crisis-looks-like-the-soviet-union-2014-12#ixzz3NUWOtFKE
Futuristic Eskimo
All Star
Russians Are Organizing Against Putin Using FireChat Messaging App
By Mark Milian Dec 30, 2014 1:36 PM ET
312 Comments Email Print
Save
Photographer: Sefa Karacan/Anadolu Agency via Getty Images
Alexey Navalny, a former opposition candidate for Moscow mayor, was jailed for seven... Read More
Anti-government protesters in Russia followed along on Twitter as opposition leader Alexey Navalny live-tweeted his house-arrest violation today. But the real action was on FireChat, where Navalny and his supporters organized protests and exchanged unfiltered communication.
Open Garden, the San Francisco startup that makes FireChat, says activity from Russia has been spiking since yesterday, when Navalny urged his followers to download the free app. FireChat was the top-trending search on Apple’s App Store in Russia today. Downloads in the country began to increase on Dec. 20 after Facebook blocked a page promoting an opposition rally, under pressure from the government’s communications regulator, according to Open Garden.
FireChat, which lets users create chat rooms and communicate anonymously, has become popular among protesters around the world. Aside from anonymity, the app offers an advantage to those in politically unstable regions because it works even when Internet service is down. FireChat uses a technology available on newer smartphones, called mesh networking, that facilitates wireless communication directly between devices. It uses a combination of Bluetooth and Wi-Fi signals to connect with phones running the app. Iraqis flocked to FireChat in June after unrest prompted an Internet shutdown, and protesters in Taiwan and Hong Kong used the app when wireless networks failed.
As President Vladimir Putin faces increasing dissent during Russia's worst economic crisis since 2009, he’s tightened his grip on the flow of information online. Navalny, an adept social networker, condemned his accelerated trial as a government attempt to silence him. He announced his arrest today to his 16,000 followers on FireChat, where his account has been verified by Open Garden. (Navalny has 868,000 followers on Twitter, where is profile is also verified.)
Since the jump in downloads on Dec. 20, FireChat was the 29th most popular social networking app for the iPhone and 79th for Android as of yesterday, according to the most recent data available from researcher App Annie. Christophe Daligault, the vice president of sales and marketing at Open Garden, says FireChat ranks 10th among social networking apps on the iPhone today—just above Twitter.
But technology can only get you so far in Moscow at night, where winter temperatures are below freezing. "iPhone 6 cannot handle -18c (0 degrees Fahrenheit), keeps switching off,” wrote Ilya Mouzykantskii, a freelance journalist covering the protests, on Twitter. “It’s really really cold.”
By Mark Milian Dec 30, 2014 1:36 PM ET
312 Comments Email Print
Save
Photographer: Sefa Karacan/Anadolu Agency via Getty Images
Alexey Navalny, a former opposition candidate for Moscow mayor, was jailed for seven... Read More
Anti-government protesters in Russia followed along on Twitter as opposition leader Alexey Navalny live-tweeted his house-arrest violation today. But the real action was on FireChat, where Navalny and his supporters organized protests and exchanged unfiltered communication.
Open Garden, the San Francisco startup that makes FireChat, says activity from Russia has been spiking since yesterday, when Navalny urged his followers to download the free app. FireChat was the top-trending search on Apple’s App Store in Russia today. Downloads in the country began to increase on Dec. 20 after Facebook blocked a page promoting an opposition rally, under pressure from the government’s communications regulator, according to Open Garden.
FireChat, which lets users create chat rooms and communicate anonymously, has become popular among protesters around the world. Aside from anonymity, the app offers an advantage to those in politically unstable regions because it works even when Internet service is down. FireChat uses a technology available on newer smartphones, called mesh networking, that facilitates wireless communication directly between devices. It uses a combination of Bluetooth and Wi-Fi signals to connect with phones running the app. Iraqis flocked to FireChat in June after unrest prompted an Internet shutdown, and protesters in Taiwan and Hong Kong used the app when wireless networks failed.
As President Vladimir Putin faces increasing dissent during Russia's worst economic crisis since 2009, he’s tightened his grip on the flow of information online. Navalny, an adept social networker, condemned his accelerated trial as a government attempt to silence him. He announced his arrest today to his 16,000 followers on FireChat, where his account has been verified by Open Garden. (Navalny has 868,000 followers on Twitter, where is profile is also verified.)
Since the jump in downloads on Dec. 20, FireChat was the 29th most popular social networking app for the iPhone and 79th for Android as of yesterday, according to the most recent data available from researcher App Annie. Christophe Daligault, the vice president of sales and marketing at Open Garden, says FireChat ranks 10th among social networking apps on the iPhone today—just above Twitter.
But technology can only get you so far in Moscow at night, where winter temperatures are below freezing. "iPhone 6 cannot handle -18c (0 degrees Fahrenheit), keeps switching off,” wrote Ilya Mouzykantskii, a freelance journalist covering the protests, on Twitter. “It’s really really cold.”
so instead of jailing Alexey Navalny and making him a martyr, putin had the man's brother snatched up and imprisoned in his place. how folks can stan this man is beyond me.
