Friday sees Russia finally get to join the World Trade Organization, after nearly two decades of talks. The long-anticipated accession will be a boon for some industries, but is likely to hit tough on others, so Russians greet it with mixed feelings. The signing of the package of documents on Russia’s joining the WTO is [...]
Tag: economy
December 16, 2011
December 7, 2011
‘Every rescue umbrella has its limits’
As Europe’s leaders roll up their sleeves and prepare to slug it out for the euro’s very survival, German parliamentarian Frank Schaeffler explains to RT why piling new debts on top of old ones can only lead to collapse. RT: How would you grade the efforts by Merkel and Sarkozy to save the eurozone, and [...]
November 30, 2011
Judge won’t let Citigroup get away with fraud
In a historic blow to the big banks, a federal judge this week issued a landmark decision by shutting down Citigroup Inc’s offer of settling Securities and Exchange Commission complaints with a measly $285 million. The SEC and Citigroup stood to cut a deal that would keep the banking giant from admitting that they defrauded [...]
November 29, 2011
‘Greece & EU: Either saved or collapsed together’
Greek MP Simos Kedikoglou predicts his country’s economic collapse within weeks, even days, if it doesn’t receive another tranche that finance ministers of eurozone countries have agreed to release. But the fall of Athens will have a domino effect – tugging away the rest of Europe. The Greek politician has sharply criticized the recent country’s [...]
November 28, 2011
November 27, 2011
Putin thanks United Russia, promises to work for progress
As the United Russia party convention endorsed Vladimir Putin’s presidential nomination, the PM promised to further improve life for the people and boost the nation’s development. Below is the full transcript of Vladimir Putin’s speech: Dear convention members, dear friends, people of Russia! I thank you for your support. I thank Dmitry Medvedev and the [...]
November 26, 2011
Nickel-and-dime Xmas for NY?
Tis the season once again and RT’s Lori Harfenist, “the Resident”, has been asking New Yorkers just how much of a hit their habits have taken because of the lousy economy. The global financial rollercoaster has made millions of people around the world tighten their belts. With “Black Friday” over, New York dwellers speak out [...]
November 26, 2011
Alabama on the brink of exodus
A US District judge in Alabama has made a move that will block legislation in the state’s controversial immigration bill, a step that is earning support from Hispanics and temporarily slowing the mass exodus out of Alabama. The state’s HB 56 immigration law suffered a blow from Judge Myron Thompson on Wednesday, after he made [...]
November 24, 2011
S. Korea-U.S. Trade Deal Leads to Tears and Scuffles
S. Korea-U.S. Trade Deal Leads to Tears and Scuffles The Associated Press Published: November 23, 2011 (Issue # 1684) SEOUL, South Korea — South Korea’s ruling party forced a long-stalled free trade deal with the United States through parliament Tuesday, enraging opposition lawmakers who blasted their political rivals with tear gas. South Korean lawmakers voted [...]
November 20, 2011
Russian economy more solid than Europe’s – Medvedev
Russian President Dmitry Medvedev said that Russian economy is more solid than the European one, citing major economic figures. “Our economy looks more solid and more powerful today than the economy of most of the European countries,” Medvedev said during the meeting with regional media in the city of Ufa, the capital of republic of [...]
November 17, 2011
Italians rage as bankers take over
Italian protesters clashed with police Thursday as thousands took to the streets around the country in anger at budget cuts and the Brussels-backed “bankers’ government.” The student-led demos came just hours before new Prime Minister Mario Monti, whose government was sworn in on Wednesday, revealed his anti-crisis measures in his first address to parliament. He [...]
November 17, 2011
November 12, 2011
APEC’s turn to save global economy
APEC’s turn to save global economy Published: 12 November, 2011, 09:56 Edited: 12 November, 2011, 13:10 APEC foreign and trade ministers (Kevork Djansezian / Getty Images / AFP) (32.3Mb) embed video TAGS: Meeting, Hillary Clinton, Politics, USA, Anastasia Churkina, Marina Dzhashi, Globalization, Global economy, WTO Leaders from the Asia-Pacific region have gathered for a summit [...]
November 12, 2011
America’s new red scare
“Why Do great Nations fail? America tried to spend and tax itself out of a great recession” Of course we owned most of their debt, so now they work for us…laughter” you can change the future-you have to.” Yikes. The now infamous ad from Citizens Against Government Waste says it all. Should we be [...]