The Eternal Russia
Some commentators have argued that Greece should emulate Russia, saving itself by default, devaluation and restructuring — assuming that, like Russia, Greece would quickly rebound, benefiting from a suddenly competitive currency, debt relief and even the renewed ability to borrow in international financial markets. In fact, such advice … Continue reading
How bad is the job market? Tom Weber chronicles the lowest hourly wage that Americans, and others around the world, will accept for an hour of work.
Regarding the editorial on Russia in the Wall Street Journal by Anne Jolis (“Khodorkovsky heads back to Siberia” June 15th), I could not help but notice the significance of the date. Exactly 13 years ago today, on June 15th, 1998, … Continue reading
Oil prices pushed up last week, back towards $120 per barrel. Brent crude is now 25pc more expensive than at the start of the year. The OPEC oil exporters’ cartel, meanwhile, has just failed to agree an official boost to … Continue reading