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.”
Showing posts with label Bailout. Show all posts
Showing posts with label Bailout. Show all posts
Wednesday, December 31, 2008
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/
Bailoutsleuth provides more background information.
Going forward check back on this interesting project: http://subsidyscope.com/
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