Tuesday, March 24, 2009

The dollar continued to fall in the ruble

Average U.S. dollar to the Russian ruble to the payment terms "tomorrow" to bid a single trading session on MICEX as of 11:30 Moscow time, on the basis of which the process dollar a day, decreased by 11.95 kopecks, compared with the state of at 11:30 the previous trading day and amounted to 33.3034 rubles, sends "Finmarket.

Weighted average rate of the euro for a period of calculations "Today" at 11:30 in relation to average at 11:30 on the previous session down 6.45 cent and amounted to 45.6344 rubles.

The dollar dropped to the ruble to a minimum by more than a month and a half. Strengthening of Russia's currency continues. Cost basket dropped by 10 cents, and at 11:30 was 38.85 rubles, compared to 38.95 rubles on Friday.

On the international market Forex market value of the dollar decreases to euro on expectations that the new measures of state banks in the U.S. will increase investors' appetite for risk and the demand for more profitable rate.

Euro at 11:29 Moscow time on Monday was worth 1.3685 dollars compared with 1.3582 dollars at the end of the previous trading day.

В.Путин.Интервью агентству "Блумберг".27.01.09.Part 5

Friday, March 20, 2009

The dollar fell to 60 cents, the euro rose by 71

Average U.S. dollar to the Russian ruble to the payment terms "tomorrow" to bid a single trading session on MICEX as of 11:30 Moscow time, on the basis of which the process dollar a day, decreased by 59.81 kopecks, compared with the state of at 11:30 the previous trading day and amounted to 33.8222 rubles, sends "Finmarket.

The official exchange rate set by the Central Bank of Russia from 20 March, is 33.8222 rubles, the euro - 45.5416 rubles, the Central Bank data show. Thus, the official exchange rate has declined compared to March 19 at 59.81 kopeks, euro - grew by 73.33 kopecks.

Cost basket, calculated at the official exchange rate on Thursday, at 39.10 rubles to 39.09 rubles on Wednesday.

The upper limit of the value of a basket CBR at 41 rubles.

Weighted average rate of the euro for a period of calculations "Today" at 11:30 Moscow time, in relation to average at 11:30 the previous session increased by 71.26 kopecks and was 45.5194 rubles.

At the international Forex market the euro to the dollar declined slightly in the morning, but by noon, again began to grow. Euro was worth 1.3454 dollars at 9:45 Moscow time on Thursday, compared with 1.3474 dollars the previous day in New York. On Wednesday evening, the European currency rose to U.S. the fastest pace in 9 years.

It is noteworthy that the most likely fall in the dollar and the ruble and the rapid growth of the European currencies linked to the recent announcement by the U.S. Federal Reserve.

It is the eve announced repurchase of long-term government debt securities amounting to 300 billion dollars in six months and an increase in investments in mortgage securities led to a sharp drop as the dollar and rally in the bond market.

The corresponding increase in dollar offers recent pressure on the rate of U.S. currency, and the announcement of the repurchase by 300 billion dollars only added fuel to the fire: the dollar for all major currencies collapsed.

Euro soared to a maximum of two samples 1,34 dollar, whereas before the announcement traded at 1.3120. By the yen the dollar has lost about 2% and the cost after the statements by the Fed 96.76 yen.

Berlin-Mitte: Die neue USA-Botschaft am Pariser Platz - 1.1.

Tuesday, March 17, 2009

The Moscow City Government offered to buy 75% of "budget" airline Sky Express for 1 ruble

Co-owner of the airport "Vnukovo" and director of OJSC "Airline" (on its base "Rostehnologii and the Government of Moscow created a new carrier - Rosava"), Vitaly Vantsev suggested that the Government of Moscow to buy 75% stake in Sky Express discount for 1 ruble, or $ 1, write Monday Vedomosti, citing sources in the environment for the entrepreneur and the Moscow City Hall.

According to the publication, the symbolic price of the transaction due to the fact that Sky Express has accumulated debt to 2.5 billion rubles, including nearly 2 billion rubles - to suppliers of fuel at the airport "Vnukovo".

In the Moscow mayor's office told the newspaper that a final decision to buy or not to pack will be taken after the Government of Moscow will examine in detail the financial condition of Sky Express. The Moscow City Government has already owns a controlling airline Atlant-union ".

Vantsev throw out the asset, which is expensive, but the Moscow officials have a reason to buy discount: together with Atlant-Soyuz ", it can become a contributor to the charter capital of the municipality" Rosava. The Moscow City Government previously argued that plans to consolidate 100% of "Atlant-union", bought 49% of Victor Grigoriev (it accounts claimed the airport "Vnukovo" application "Vnukovo" for the purchase of shares declined on the Federal Antimonopoly Service).

Moreover, as the sources of publication, Sky Express carriers and "Atlant-union" based in the airport "Vnukovo", and can complement each other's route network, aircraft exchange (from Sky Express - eight B737, the "Atlant-union" -- V737 two and six IL-86).

In January 2009, Sky Express carried 65.034 million passengers (a year earlier - 64221 thousand passengers). At the same time, "Atlant-union" lost in the traffic flow more than doubled: 31,598 thousand to 70,866 thousand in January 2008. A serious decline associated with a reduction of charter programs, writes the newspaper.

Friday, March 13, 2009

In Moscow, "dissenting" go to a rally at the metro station "Tverskaya": they meet 4 thousand policemen

Opposition prepares for the start of today's event "Day of dissent" in which unauthorized planned speech in Moscow, St. Petersburg and several other cities. In the capital, representatives of the "Other Russia" will meet at the metro station "Tverskaya" at 19:00. Protest action will take place on that day in St. Petersburg, Tver, Orel, and Yekaterinburg, the site Kasparov.ru. Earlier, the opposition promised to address the 20-30 cities.

In St. Petersburg St. Petersburg have detained the leader of National Bolshevik Andrey Dmitriev and activist "United Civil Front" Alexey Emelyanov. Despite this, the "dissenting", as collected, handed a petition with the Governor, the Fontanka.ru. Opposition propose to freeze rates for transportation services and utilities, to increase social payments and to compensate for poor growth in food prices, while reducing the costs of the officials.

Law enforcement agencies have announced their intention prior to rigidly suppress all violations on March 12. Today it became known that the order at the time of the events in Moscow will provide about 4 thousand policemen, transmits "Interfax". At the same time, soldiers will be deployed Internal Troops, folk and traffic police inspector.

Earlier, representatives of the "Other Russia" have complained that the police shortly before the "Day of dissent began to arrest activists of the banned National Bolshevik Party. March 9, as reported in Moscow detained three supporters of Eduard Limonov.

Opposition claimed that the protest actions, the right which is guaranteed by the Russian Constitution, compounded by the restrictions of city authorities. In this regard, the Board "Other Russia refused to agree Marsh dissent: the majority of the shares of city government still does not allow, as OMON severely suppresses them.

Remember, the first "Day of dissent" was held on 31 January: while the opposition held in different cities of the unauthorized march. In Moscow, on the basis of the shares had been arrested 41 people, among them - four national-bolshevik, led by Limonov.

Violent arrests of Russian demonstrators in St Petersburg

Tuesday, March 10, 2009

Week at risk in Tibet 50 years after the uprising

Beijing acknowledged Sunday that Tibet was subject to a lock-tight security in this sensitive period, which opens Tuesday with the fiftieth anniversary of Tibetan uprising of 1959 and will end Saturday with the anniversary of riots in the last year. An article by Xinhua says that any government must "protect innocent people from violence."

This time, the communist leaders do not want to be taken by surprise. Tibet itself, and areas of neighboring Chinese provinces inhabited by Tibetan people are de facto closed to foreigners. Enforcement officers are deployed massively.

The Dalai Lama said Friday feared "an explosion of violence at any moment" in Tibet, on the website of a German newspaper, Frankfurter Rundschau. Protests have taken place in recent days, especially in Aba, in Sichuan, where a monk tried to immolate himself by fire. Saturday, Chinese Foreign Minister, Yang Jiechi, has accused the Dalai Lama of wanting to create a "Greater Tibet, over a quarter of Chinese territory." He also called on countries "not to allow visits to their land of the Dalai Lama" and not "let him use their territory to engage in separatist activities." Incidentally, he still urged Paris to make gestures to a warming of Franco-Chinese relations, endangered by the meeting between Nicolas Sarkozy and the Tibetan spiritual leader last December.

China struggles with Tibetan unrest - 17 Mar 08

Friday, March 6, 2009

The Constitutional Court has not recognized " "scientific expertise" of the children - all the fault of the formalities

The Constitutional Court of Russia has refused to consider the complaint group of parents of school leavers and graduates of one who tried to prove the illegality of unified (") - all the fault of formality, writes the newspaper Kommersant.

The COP adopted two "relinquished" the definition of " - on a joint in one case six complaints of parents of school leavers, as well as in the case of an adult student Natalia Protsevskoy. Adult Children of claimants, as well as the applicant Protsevskaya " passed in 2008 and remained unhappy with his results.

The applicants attempted to prove that the rules for contravene the Basic Law of the country. Thus, in one of the rejected complaints " was named prohibited "scientific expertise" of children for which parents did not give consent. In addition, the introduction of ", according to their relatives, does not provide graduates of the smooth realization of their right to free higher education on a competitive basis.

However, prior to its consideration on the merits of both cases of " never came, but only because of the formalities. Thus, by definition, the COP, adult complainants were not certificates confirming their right to represent the interests of children offended. None of them, including students Natalia Protsevskuyu, also failed to prove that their rights were violated as a result of the challenged laws by any court or appeal. Complaints about violations of the rules of admission " examiners in the field are beyond the competence of the COP.

Nevertheless, attempts to challenge " not be terminated. Initiated the next trial, intended to make the party "Fair Russia". However, apply to the Constitutional Court, without evidence of a violation of their rights can only be 90 at the same time the State Duma. As journalists adviser of the Federation Council chairman Sergei Mironov Sergei Popov, "" will focus on the 55 th article of the Constitution, prohibiting the repeal or detract from the rights of citizens, as tougher rules for admission to universities are placing new demands on alumni who have not passed ", but have normal matriculation. In addition, the party is going to prove that " as a condition of admission to a competitive private universities is also unconstitutional.

Tuesday, March 3, 2009

Khodorkovsky, promised that a new trial would be an interesting "show"

Mikhail Khodorkovsky, in Moscow to take part in a new trial, promises that the trial would be "is interesting spectacle." Ex-Yukos owner believes that the country has recently been some positive developments, but foreign observers believe that the chances of avoiding a new prison term of at Hodorkovsky still there.

"According to a Moscow prison and television, available in Moscow, on a background of understandable economic problems are visible signs of positive institutional changes - the word brings a businessman Press Center lawyers of Khodorkovsky and Lebedev. - So far only initial signs: appearance of normal attempts of opposition, a reasonable response to the international Event part of the power elite, the beginning of self-justice system as a separate branch of government. "

"Along with this, of course, there is a reverse trend - gathering darkness before dawn," - found Khodorkovsky. But in an economic crisis, he refers not too pessimistic: "The crisis - a hard time, but necessary if it is properly used."

In the new trial, Khodorkovsky, for his part promised "openness, clarity, lack of attempts to dodge." "I guarantee is interesting spectacle," - he pointed out.

Remember, the preliminary hearing on a new case against former head of Yukos, Khodorkovsky and Platon Lebedev MENATEP chapter will be held March 3 in Hamovnicheskom court of Moscow. The meeting, which will be legally held in private, is scheduled for 12:00 Moscow time.

The indictment of a new case against Khodorkovsky and Lebedev had been approved by the Prosecutor General of Russia, and the case had been sent to Hamovnichesky court. In this case, Khodorkovsky and Lebedev are charged with fraudulently awarding nearly $ 1 trillion rubles, and Money (legalization) of almost 450 billion rubles.

On the day of the trial of Khodorkovsky Hamovnichesky Court closed off the OMON and metal

Moscow police promised that the day of preliminary hearings in the case of Khodorkovsky-Lebedev trial Hamovnicheskogo around the building will be increased security measures. The premises of the court building will be surveyed with dogs trained to find explosives, told the Interfax a source in law enforcement capital. After this building will be taken under heavy guard.

Directly in front of the courthouse will be exhibited enhanced clothes police officers, told the agency interlocutor. Including in the immediate vicinity will be on duty in Moscow OMON fighters.

At the adjacent streets to the court will be exhibited metal frame barricades. The police will inspect all actors, including journalists covering the trial, with the help of metal detectors.

Sobesednik agency did not specify how many employees will have a direct duty around the building Hamovnicheskogo court. However, he assured, they will be sufficient to ensure the safety of both the process and the possible suppression of the shares, which are likely to be carried out as supporters and opponents of Khodorkovsky.

Inopressa: let Khodorkovsky will not be

Before Mikhail Khodorkovsky, who in 2005 had already received eight years imprisonment, the looming prospect of hold in custody for another 20 years. The current charges, according to lawyers - is a legal nonsense, but no less nonsense to the first process, believes Frankfurter Allgemeine.

Last time, a consequence of assumed that all parts of the group were a single whole. Now it is of the opinion that the individual companies of the group acted alone - and puts forward a new charge, explains InoPressa.

If under attack Russian "power" had not fallen, independent media and judiciary, Khodorkovsky may still be able to resist the authorities, believes the German edition. Now, however, avoid a conviction can not be, the newspaper quoted the head of the political philosophy of Andrei Kolesnikov.

Today's power can not afford to release Khodorkovsky, is confident the expert: disgraced magnate would have to sit until the system is alive. In addition, because of the deepening economic crisis and the helplessness of state power in Russia is growing demand for talented managers. According to Levada Center poll, 33% of Russians considered to be one of Khodorkovsky. "This makes it doubly dangerous", - concludes the author.

Friday, February 27, 2009

Evrosud made a decision on the three "Chechen" cases and fined Russia for 176 thousand euros

The European Court of Human Rights in Strasbourg condemned Russia for the disappearance of four men in different parts of Chechnya in the period from August 2002 to December 2004 and ordered to pay the victim 176 thousand 744 euro, transmits with reference to the communiqué of the court.

The plaintiffs believe that the missing were arrested by Russian soldiers. They also argued that appealed to the Russian justice, but they said the local investigation agencies have been unable to effectively investigate the circumstances of cases.

The plaintiffs in the first case were made by relatives Aslanbek Astamirova. According to the Legal Fund Initiative in Russia ", he disappeared 5 August 2002 in the village Geghi (Chechnya). Late at night, about 30 soldiers stormed the house and detained Astamirovyh Aslanbek. Since then, no news of him there.

Elias and his nephew Saga Saga Yunadi disappeared on 30 August and 13 September 2002 respectively. Ilyas and Yunadi were abducted by armed men from their homes in the Urus-Martan. Neighbors confirmed that the soldiers arrived in armored personnel carriers. No news on the Ilyas and Yunadi there since their arrest. The plaintiffs in their case were made by relatives.

In the third case, the court asked the relatives of Alice Zubiraeva living in the Chechen-village. The Russian authorities have recognized that the early morning of 21 December 2004 in the Chechen village, was a special operation, but denied that Alice had been detained. However, a neighbor of the family Alice, also arrested in the course of the operation but later released, testified that he was taken to the same military vehicle as Alice.

"The Court recognized that I have a right to know what happened to my son - said Zara Vagapova, mother Alice Zubiraeva. - The Court also ruled that the authorities have not conducted an effective investigation into the case. They should have launched a thorough investigation and to report where my son. "

The Chamber of the ECHR decided that the Russian authorities had violated several articles of the European Convention on Human Rights and Fundamental Freedoms. " In particular, article 2 (right to life), 3 (prohibition of torture and inhuman and degrading treatment), 5 (right to liberty and security) and 13 (right to an effective remedy).

According to a court order, the Russian Federation must pay the plaintiffs' 140 thousand euros as compensation for moral damage, 17 thousand euros for pecuniary damage and 19 thousand 744 euros to cover legal costs.

Tuesday, February 24, 2009

Friday, February 20, 2009

Tuesday, February 17, 2009

The Russian government truncate bankers bonuses

The state plans to limit the size of bonus payments to the management of banks, as announced on-air TV channel "Russia" Vice-Premier, Minister of Finance Alexei Kudrin. MOF has already preparing a proposal to introduce restrictions on the bonuses of top managers of Russian banks that plan to seek the assistance of the state, writes the newspaper Kommersant.

The Russian Ministry of Finance is ready to join the "crusade" against unduly inflated payments to the management of banks and other financial institutions, announced that authorities in many developed countries. In particular, in the U.S., President Obama has made the adoption of the amendments, under which annual payments to banks that plan to participate in a state program to stabilize the financial sector, the annual payments are limited to half a million dollars.

A similar initiative made, and French President Nicolas Sarkozy, who collapsed with sharp criticism of the system of bonuses, adopted by the banks and investment companies. In his view, France will cost and without the "best manager", and without the system, which provokes the traders to take undue risks.

In Russia, said Kommersant, bankers are beginning to independently reduce the amount of remuneration of top managers and board members, as evidenced by published accounts for the fourth quarter of 2008, five banks that are members of the thirty largest.

Thus, the second largest commercial bank VTB declined in the fourth quarter payment to members of the board more than doubled - from 299.2 million rubles. in the third quarter to 131.5 million rubles. in the fourth. However, total payments to top management in 2008 increased compared to last year at 11%, to 533.9 million rubles. However, these bonuses were paid for the work of managers in 2007.

Sberbank and did last year adopted a strategy, which provides great savings on staff. As indicated in the documents of Sberbank, if in 2007 the bank employed about 270 thousand people, then in 2013 the number of employees does not exceed 200-220 thousand people. Thus, over five years, the Bank intends to reduce from 20 to 30% of staff, or every fourth employee.

According to published at the end of last week's quarterly report on Sberbank's securities, payments to members of the board for 2008 in terms of a top manager also declined. If in 2007 the total amount of payments (bonuses and salaries), the members of the Board of Sberbank amounted to 892.1 million rubles. But the average payment to one member of the Board - 3.7 million rubles., On the basis of 2008 they were in total 933.6 million rub., with the increasing number of managers in the board from 20 to 23 average monthly payment of 3.4 million rubles.

Similar processes are observed and in private banks, the capital of which the State is not involved. Banks continue to be forced to reduce the size of bonuses regardless of the initiatives of the Ministry of Finance, believed by experts interviewed by Kommersant.

"Most of the time in banks, remuneration is pegged to the performance of the department, which oversees a specific member of the board. In most cases, the amount of remuneration set by the annual shareholders' meeting, held in spring and summer. Given that the results of 2008 the profitability of capital of banks has fallen by half (from 30% to 15%), the payment of top management should be similarly reduced, - the newspaper quotes the director of the Center for Economic Research, Moscow Academy of Finance and Industry Sergei Moiseyev.

Royal Bank of Canada (RBC Bank) : Corporate Bully 2

Friday, February 13, 2009

Number of selected homes in the U.S. in January, has declined sharply

In January this year, 274 of thousands of American families lost their right to redeem the mortgage, which usually means the loss of home ownership and subsequent sale by auction to cover debts. Despite the fact that, compared with December of last year this figure dropped to 10% in January 2008 it was 18% lower. The data contained in a study the agency RealtyTrac, published the day before.

A major factor in reducing the number selected for the debts of the houses has a moratorium on the deprivation of the right to repurchase mortgages that have entered at the time of the winter holidays of government mortgage agencies Fannie Mae and Freddie Mac, In addition, authorities in Florida were able to negotiate with creditors on a similar moratorium, which will operate for 45 days.

According to the agency, these measures are temporary and do not solve the problem. As a result, when the deadlines pass moratoriums, the number exposed to the auction houses can greatly increase, triggering a new spiral of lower prices on the real estate market.

Vice President of Marketing Rick RealtyTrac Sharg believes that if the parallel does not make any more effort and just wait for that debtors magically appear the money, all result in a new collapse in prices. "That would be a good idea if there was a parallel program of restructuring of hundreds of thousands of mortgage loans" - declares Sharg.

Nevertheless, federal authorities are putting pressure on the 800 holders of mortgages, forcing the postponement of the grant payment until the work is started the program of President Barack Obama to help mortgage borrowers.

The speaker before the legislators, Minister of Finance Timothy Gaytner confirmed that the Government will do everything possible to conduct large-scale restructuring of the mortgage debt of American citizens who otherwise threatened to lose their homes. However, no detailed plans developed Gaytner never reported.

American real estate market has become the catalyst which started the current fiscal, and then the economic crisis. This situation continues to deteriorate - the prices are falling, and the number of defaults on mortgages rising, causing losses to banks and mortgage agencies that are forced to sell mortgaged housing prices, which are often lower than the recipients of the mortgage debt. Some experts believe that economic recovery will begin once the situation with the American mortgage will start to improve.

How Millions of American Will Lose Their Homes

Tuesday, February 10, 2009

Canadian watching TV 72 hours to set a new world record

Residing in the Toronto-born Sri Lankan Suresh Joachim in the capital, Stockholm, Sweden, broke his own world record listed in the Guinness Book of Records.

Take your own health and psyche of a man watching television for 72 hours, interrupting only for a toilet.

"I feel great, during this time, I drank from 25 to 30 cups of coffee" - a man confessed to Sunday, commenting on the record.

The previous record was 69 hours and 48 minutes. Installed it the same Suresh Joachim in 2005. At this time Joachim watched three seasons of "24", with the participation of Kifer Sutherland, reports AP.

Note that the 40-year-old Suresh Joachim of Toronto broke more than 30 records, recorded in the Guinness Book of Records. Thus, in 1996, he ran 42 days over 3495 km in 1998, traveled on the escalator in the Australian commercial center 225 km, in the same year he played 100 hours of continuous bowling.

In 1997, Joachim on one leg, 76 hours and 40 minutes in 2004, played the drum for 84 hours. In 2005, he not getting up, 56 km, in the same year, he surface of the clothes iron for 55 hours, and swung in the rocking chair 75 hours without a break.

Full list of records Suresh Joachim can be found on his official website.

Susan Sarandon stops by the Netflix Popcorn Bowl to deliver the final movie