Speaking at a meeting of business executives in Saint Petersburg, Medvedev said the United States was behind a global credit crunch and that investment in biofuels had helped cause a world food crisis.
“It is precisely the gap between the United States’ formal role in the world economy and its real capabilities that was one of the key reasons for the current crisis,” Medvedev said.
He said it was US policies together with incorrect assessment of risks by big financial corporations that were behind the current downturn.
The incorrect assessment of risks by corporations, together with the “aggressive financial policies of the world’s biggest economy led not only to the failure of corporations. The majority of people on the planet have grown poorer,” Medvedev said.
http://news.yahoo.com/s/afp/20080607/bs_afp/russiaeconomypolitics
Categories: US weak economy
Tagged: Russia
A new record today: one euro has a value of 1,5307 dollars! This means that for buying 2 euros you need MORE than 3 dollars. In the last year the dollar lost 15,7% of its value and with him the adsense publishers worlwide.
Categories: No precise category
In 2003 one dollar value was something like 0.9 euros, now one dollar is 0.65 euros. Great losses for non-US publishers …
| Dollars |
Euros ‘03 |
Euros now |
Loss (€) |
| 10 |
9 |
6.5 |
- 2.5 |
| 100 |
90 |
65 |
- 25 |
| 1,000 |
900 |
650 |
- 250 |
Categories: No precise category
No more dollars!

(dollar against euro in past 5 years, courtesy of finance.yahoo.com)
Categories: No precise category