Putin creates crisis for Russian economy

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Putin creates crisis for Russian economy

At the same time Russian firms went on a borrowing spree. They have increased their foreign-currency debt by some $170 billion in the past two years. Yevgeny Gavrilenkov, the chief economist at Sberbank CIB, the largest state bank, says most of this money settled offshore; only a very small part was invested in the Russian economy. Kirill Rogov of the Gaidar Institute for Economic Policy points to one of the reasons why. When a company can be swallowed by the state at any time, more debt will make it less appetising prey.

[…]

While the state still had money, it could afford to buy out private owners, as it did in the case of TNK-BP. Now it simply wrestles oil firms away from their owners, as it is doing in the case of Bashneft, a medium-sized but fast-growing oil firm which is being expropriated from Vladimir Yevtushenkov, a billionaire who is under house arrest. Political loyalty—and Mr Yevtushenkov was certainly loyal—is no protection against raiding.

Darlena Cunha of Time Magazine endorses Ferguson rioting

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Darlena Cunha of Time Magazine endorses Ferguson rioting

One suspects she’d be less supportive if the mob had burned down the offices of Time Magazine


UPDATE: Didn’t America’s president say that nothing justifies violence and vandalism? And since the media has told us, time and time again, that only racists disagree with Barack Hussein Obama, doesn’t that mean that Darlena Cunha is a racist?

UPDATE #2: Matt Bruenig of Gawker also speaks in favor of rioting. No doubt he approves then, of this case where an elderly men on an oxygen tank was beaten up in the sacred name of “social justice”:

An elderly man dependent on oxygen was reportedly attacked and run over during a car jacking in the parking lot of Faraci Pizza on Florissant in Ferguson.

In the video, you can hear witnesses tell the news reporter an elderly male was attacked, car jacked, and then run over with his own car.

One witness said the unidentified victim went to his car to get his new oxygen tank when the thugs attacked him with it.

UPDATE #3: New York City protestors chant, “What do we want? Dead cops!”

Two New York City police officers subsequently executed gangland-style.

One can only assume that Darlena Cunha & Matt Bruenig approve, since they poured gasoline on this fire and lit the match.

Slimy New York Times reporters Julie Bosman and Campbell Robertson dox Officer Darren Wilson

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Slimy New York Times reporters Julie Bosman and Campbell Robertson dox Officer Darren Wilson

The New York Times has lost all moral credibility to complain about #GamerGate.

There’s poetic justice though: Julie Bosman and Campbell Robertson get doxed in return.


UPDATE: Slate also doxed Officer Wilson.

Russia’s admiration for the Gestapo

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Russia’s admiration for the Gestapo

The KGB considered the Stasi, man for man, the most effective secret police/intelligence agency ever. The Soviets never spoke openly about the Stasi but privately they were quite proud of “their Germans” (Russian dominated East Germany). It was what many Russians wished the Soviet Union was. East Germany was the most efficient communist state ever and the Stasi was the kind of secret police the KGB wished it was.