Word: crisises
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Dates: during 1990-1999
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The problem was that Russia's banking system was a mess, which meant the well-intentioned devaluation quickly turned into a free-for-all. The particular dilemma was that Russia's banks were loaded down with foreign-currency debt, which meant that a decrease in the value of the ruble...
Well, yes, in a way. Stepping boldly in to exploit the crisis was money power. Men made rich through political connections in the post-Soviet economy have wielded substantial influence ever since they got rich buying up government assets at bargain prices and two years ago financed Yeltsin's come...
Even a Little One like Bonnie, of course, can do plenty of harm. Some half a million people were forced to flee inland last week, as the 400-mile-wide storm--mammoth in size even by hurricane standards--swirled toward Cape Fear, N.C. And though Bonnie's 115-m.p.h. winds...
We asked comedians to come up with their best joke about the crisis in Russia. Here are their picks:
The current global crisis has no precedent since the Great Depression -? and that led to World War II. As Russia melts and Asia founders, the West?s credibility is waning fast, along with some cherished ideas, both political and economic, about the way to run a modern planet. But what...