Article

2008-10-01 Caucasus/Russia/Central Asia

Putin could pay price for belligerence as markets tumble

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Posted by Fred 2008-10-01 00:00|| || Front Page|| [3 views ] Top

#1 TOPIX > DER SPIEGEL - US BANKING/FINANCIAL CRISIS LEAVES EUROPE HOLDING THE BILL WORTH BILLIONS; + TEN NATIONS LOSE USD $36BILYUHN IN FOREX.

ALso from DEFENSETECH > RUSSIA SEES POTENTIAL LAUNCH BASE IN CUBA [ROSCOSMOS = Space Missions] + STARSHIP TROOPERS MEETS GI JOE.

Posted by JosephMendiola 2008-10-01 00:29|| 2008-10-01 00:29|| Front Page Top

#2 More worryingly, the turmoil could strengthen those who argue that capitalism is too risky. In that case, the advantage will go to those, such as Mr Putin, who favour more control of key industries and the stock markets, although that may prove to be at the expense of economic growth.

Since 2000 Mr Putin has tried to have it both ways. He has extracted political capital from the new prosperity, in which average incomes nearly doubled in six years, but he has acted as though there was no contradiction with his growing control of regional government, the media and the energy industry.

Putin, Pelosi... Amazing how much our own "representative" government and the Russian one have in common.

Posted by Betty Grating2215 2008-10-01 01:27|| 2008-10-01 01:27|| Front Page Top

#3 Well, Betty, when one party engages in stuffing the ballot box with as much vigor as their counterpart in another country, why be surprised at the outcome.

Posted by Procopius2k 2008-10-01 08:55|| 2008-10-01 08:55|| Front Page Top

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