Blog Smith: Russia Against Bail-Out

Thursday, February 5, 2009

Russia Against Bail-Out

Following several days of protests the Russian government has chosen a tack against a bail-out.

Moscow plans huge budget cuts in an attempt to limit its fiscal deficit-–rejecting pressure to follow the U.S. to try to stimulate the economy with a big boost in public borrowing.

The proposals suggest that Moscow is losing hope it can stave off the crisis with public spending and is instead battening down the hatches for what might be a prolonged recession.

The plans also indicate that the authorities are not giving in to a quick-fix response and are ready to resist pressure.

Reading since summer 2006 (some of the classics are re-reads): including magazine subscriptions

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Wilcox, Peter, Rome's Enemies (1) Germanics and Dacians;
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Wissner-Gross, What Colleges Don't Tell You (And Other Parents Don't Want You To Know) 272 Secrets For Getting Your Kid Into the Top Schools;
Wissner-Gross, What High Schools Don't Tell You;
Wolf, Naomi, Give Me Liberty: A Handbook for American Revolutionaries;
Wolf, Naomi, The End of America: Letter of Warning to a Young Patriot;
Woodward, Bob, Plan of Attack;
Woodward, Bob, The Agenda: Inside the Clinton White House;
Wright, Lawrence, The Looming Tower: Al-Qaeda and the Road to 9/11;
Wright-Porto, Heather, Beginning Google Blogger;
Xenophon, The Anabasis of Cyrus;
Yergin, Daniel, The Prize: The Epic Quest for Oil, Money, & Power;