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Word: rabochaya (lookup in dictionary) (lookup stats)
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...wonder some experts in Moscow are predicting that the ruble will soon join the Soviet Union on history's trash heap. In an interview with the newspaper Rabochaya Tribuna, economist Yevgeni Petrakov foresaw the "downfall" of the ruble within several months and urged joint action by members of the Commonwealth of Independent States to ease the crisis. Other leading experts doubt that monetary reform by itself can revitalize the economy. "The main task now is not to manipulate finances," Oleg Yashin, first vice president of the Savings Bank of Russia, told Pravda. Rather, he declared, "it is to enable every...

Author: /time Magazine | Title: Currency: The Hunt for a Safe Ruble | 3/2/1992 | See Source »

...market mechanisms. But the Soviet people are not prepared for that sort of shock. True, a free market will put more goods on the shelves of the gastronom, or grocery store, but with state subsidies removed, prices will rise. As Nikolai Petrakov, Gorbachev's top economic adviser, told the Rabochaya Tribuna (Worker's Tribune) last week, "People accept rationing coupons and standing in line -- especially during work time -- but not price increases." And the housewife can now vote for a parliamentary representative able to stand up in the Congress of People's Deputies and, if necessary, shake a fist...

Author: /time Magazine | Title: The Soviet Union: Hurry, Doctor! | 5/7/1990 | See Source »

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