Word: russia
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...Hans Martens, chief executive of the European Policy Centre, says the new presidency will be a stark contrast to the French one, which boldly tackled big issues like the Russia-Georgia conflict, the economic crisis and the E.U.'s emissions-cutting policies. "We have just had a very active French presidency, and with Sarkozy, a showman in the driving seat," Martens says. "The Czech government will aim to drive the team forward, but Klaus won't take a low profile. He won't be able to resist temptation to be provocative and do symbolic things that annoy...
...announced plans to extend its holiday shutdown at 10 assembly plants next month. Lewis Booth, Ford's chief financial officer, declined to make predictions about industry-wide sales for 2009, but noted, "We're seeing weak sales in Western Europe and in Eastern Europe, where sales in Russia dropped." Russia's weakness prompted Ford to trim production at its new assembly plant near St. Petersburg. "We're even seeing weakness in South America, where sales were very strong right through September," he said. Ford, however, has enough cash to make it through 2009. "We have sufficient liquidity unless a crisis...
...price range of between $60 and $80 a barrel in order to sustain their exploration and costly production. To achieve that, he recommended that the cartel, which pumps 42% of the world's oil output, makes "a significant cut" in production - and urged non-Opec producers such as Russia and Azerbaijan (whose oil ministers also attended the summit) to do the same, "for the purpose of bringing stability to the market." (See pictures of the remains of Detroit...
...Anna Wexler Katsnelson wrote in the pamphlet accompanying the exhibit. The idea for this exhibit was conceived ten years ago as Norton T. Dodge, who received his Ph.D. in Economics at Harvard in 1960, began a conversation with the director of the Davis Center, Tim Colton. After traveling to Russia in 1955, Dodge developed a strong interest in nonconformist art and began collecting and preserving a body of work that now numbers more than 20,000 pieces by over 1,000 artists.“Dodge played a unique role in being the conservator of this body of art that...
...show was more powerful," says Joseph Morchic, a Russian businessman based in New Jersey. "Everyone here thinks there will be a crisis, but they don't know what it is yet. My friends talk about being afraid, but I don't think they are." Morchic points out that Russia has been through worse before - and bounced back. "You can't compare this crisis to the one in 1998," he says, referring to the year the ruble collapsed and Russia defaulted on tens of billions of dollars' worth of debt...