Showing posts with label Bailout. Show all posts
Showing posts with label Bailout. Show all posts

Wednesday, December 31, 2008

Gazprom

Need to read this, conclusion: “I can describe the Russian economy as water in a sieve,” Yulia L. Latynina, a commentator on Echo of Moscow radio, said of the chronic waste in Russian industry.
“Everybody was thinking Russia had succeeded, and they were wondering, how do you keep water in a sieve?” Ms. Latynina said. “When the input of water is greater than the output, the sieve is full. Everybody was thinking it was a miracle. The sieve is full! But when there is a drop in the water supply, the sieve is again empty very quickly.”

Saturday, December 27, 2008

Tracking the bailout

An interesting overview of the recipients of the US$700bn bailout can be found here: http://projects.nytimes.com/creditcrisis/recipients/table

Bailoutsleuth provides more background information.

Going forward check back on this interesting project: http://subsidyscope.com/