Word: pricings
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...mind to be a series of competing catalysts, a tangled network of reason and emotion. Using a raft of anecdotes and scientific studies, Lehrer answers some seemingly simple--and highly entertaining--questions. Does expensive wine really taste better than the cheap stuff, or are we biased by the price? Why do we spend more with a credit card than we do when paying with cash? How can we simultaneously desire a healthy diet and quickly devour the slice of chocolate cake in front of us? And what does it really mean when we experience a sudden, inexplicable gut feeling about...
Today, Russia's finances look a lot less robust. The government budget was based on oil at $70 per bbl., far above the current price, and it will consequently swing into deficit next year for the first time since 2001. The stock market has dropped more than 70% in the past year, as the nation's business élite have dumped stocks to repay the huge loans they had taken out to finance acquisitions in Russia and abroad. Capital is fleeing--investors have pulled about $245 billion out of Russia since August--and the ruble is under pressure...
...modest brick house on 101st Street. Nearly everyone tried it once, but not Eric, the churchgoing Boy Scout who knew the consequence of disobeying rules: "A good, quick smack on the bottom," his mother Miriam recalls. "If you did something wrong, you're going to have to pay a price...
...Medvedev and Prime Minister Vladimir Putin want to start their relationship with the Obama Administration on a new footing, one in which Russia is treated as an equal and a strategic partner. Moscow has underlined that it owes Washington no favors, and a cooperative relationship will come at a price. Much of this, of course, involves muscle-flexing: days after Obama was elected, Russia announced that it would deploy medium-range Iskander nuclear missiles in Kaliningrad, near the border with Poland, in response to Washington's planned missile shield. Just this week, Moscow quietly withdrew that threat...
...happen in six months. U.S. officials say negotiations on the base deal are ongoing. Given Russian indications - and the loopholes left by Bakiyev - the Manas base announcement may turn out to be just more muscle-flexing designed to remind Washington that it will have to pay a price for Moscow's cooperation...