Ruble Devaluation Concern Triggers 13% Plunge in Russian Stocks
Russia’s ruble fell the most in two months and stocks tumbled as the central bank scaled back its defense of the currency amid the country’s worst financial crisis since the 1998 devaluation.
• Asian economists warn Barack Obama policies could make downturn worse
Russia’s ruble fell the most in two months and stocks tumbled as the central bank scaled back its defense of the currency amid the country’s worst financial crisis since the 1998 devaluation.
• Asian economists warn Barack Obama policies could make downturn worse
Government To Confiscate 401(k)s and IRAs For Mandatory Savings Tax?
Under the pretext of combating the financial crisis, Democrats in Congress have been conducting hearings on proposals to confiscate private retirement accounts and turn them into government-controlled accounts managed by the Social Security Administration, by implementing a new tax in the guise of mandatory savings scheme.
The Machine Grinds On
The machine grinds on relentlessly. Now it’s: give Obama a chance. This means: Public, go back to sleep. In the meantime Obama and the state machinery work at feverish pace.
The machine grinds on relentlessly. Now it’s: give Obama a chance. This means: Public, go back to sleep. In the meantime Obama and the state machinery work at feverish pace.
US banks are set to lose a further $450 billion of existing capital over the next two years, Paul Ashworth, senior international economist at Capital Economics, said in research note.
• Oil Falls to 19-Month Low, Gasoline Tumbles, on Demand Outlook
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