economics

On April 28, at the Alpha Summit, Central Bank Governor Elvira Nabiullina made a statement rarely heard from a regulator: Russia is facing a labor shortage unprecedented in the country’s modern history. “We have never had a situation like this,” she said, adding that the labor market is now driving the Central Bank’s key decisions on interest rates and monetary policy. For a regulator typically known for measured statements, this was an unmistakable alarm signal.

Numbers That Speak for Themselves

Remember those fourteen families who grew $28 billion richer during the war? Meet the other side of that same equation. $255 billion has evaporated from the pockets of the planet’s wealthiest individuals. Markets do not lie—they simply present the bill to everyone.

The Arithmetic of Catastrophe

The US mid-term elections have been interpreted by the major medias in terms of the partisan divide between Republicans and Democrats. However, continuing his in-depth analysis of the social fabric, Thierry Meyssan sees a clear retreat of the Puritans faced with the Lutherans and the Catholics. Donald Trump’s political realignment, just as that of Richard Nixon before him, is close to succeeding.

    US and Venezuela have a very consensual relationship between each other because such relation is traditionally been characterized by trade, investment, and cooperation from both of the sides. But as the good and bad days are sides by side, the relations between these two countries plunged into worst level when the USA imposed economic sanctions on Venezuela because of the abuses against protestors during 2014-15 protests. The combative relations between the U.S.

MOSCOW -- Russia, holder of the world's fifth largest stash of foreign currencies, is increasing its gold purchases. One reason for this is the country's increasing wariness of the dollar and euro now that Russia has come under U.S. and European sanctions over the Ukraine crisis. Another reason is that these currencies are becoming increasingly risky to hold due to the swelling debts of the governments that back them.