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Russia has made an unofficial New Year's resolution: this year, it's time to cut down on the booze. On Jan. 1, the Kremlin adopted new minimum-price standards for vodka that will nearly double the cost of a half-liter bottle of the national spirit, from $1.69 to $3. The move, part of President Dmitri Medvedev's anti-alcoholism campaign, is designed to curb Russians' excessive drinking. With a per capita alcohol consumption twice as high as that of the U.S. and an active underground market for homemade alcohol (known as samogon), Russians aren't about to give...
Drinking increased after the 1991 fall of the Soviet Union. Although personally fond of vodka, Boris Yeltsin abolished the state monopoly and instituted laws to keep drinking in check. He outlawed sidewalk liquor kiosks - prompting merchants to build tiny phone booth-size stores instead. He also raised the price of vodka, which only encouraged the black market for samogon...
Telling your friends about your goal and staking some money on your success is a powerful combination. Says Karlan: "It increases the price of vice and lowers the price of virtue. We think of it as Facebook with a purpose...
FlyBy was immediately labeled upon entering—yellow, for Finance—and would pay a hefty price for it. DC politicos, environmental engineers, TFA groupies, and a tax lawyer wanted no part of the economic-turn-finance kid. One even tossed out the dreaded Goldman Sachs label while they all teamed to close off the circle...
...symbol and a heroine. For that reason, Israel strongly resists allowing her out, or if she is released, they want to expel her from the area. Israel has resisted this exchange for more than three years. The majority of Israelis find the deal distasteful but accept it as the price necessary to bring back an Israeli soldier that was kidnapped," says Steinberg...