Russia

Russia Weathering Market Crisis

OSCOW—As the stock markets in Russia tumbled again Friday and the Kremlin continued struggling to shore up the nation's banks, Maria Isayeva emerged from a subway station near Victory Park and shrugged off the crisis with a laugh. "It only affects the rich people! It doesn't affect us!" declared the 61-year-old retired bus terminal cashier, who seemed amused anyone might think she owned stocks. "We're okay. We're surviving, and we have enough to eat." Isayeva admitted feeling anxious that her children might face hardship in an economic downturn but appeared more concerned about how others in the world were faring....

Read More

Stock Crisis Helps Consumers In Short Term

HE SUDDEN COLLAPSE OF COMMODITIES that drove oil prices back below $70 a barrel Thursday is reverberating through the world economy from Alberta to Texas to Timbuktu. While falling commodities prices are helping struggling American consumers and businesses with dramatically lower energy costs, they are devastating rising stars such as Brazil, Russia, Dubai and Australia. Even China, the engine behind the commodity boom, is faltering, though it remains one of the only emerging-market juggernauts that still has growing surpluses of cash to keep plowing into U.S. financial markets. Indexes of major commodities from copper and wheat to coal and corn...


Winds Of War: Is Islamization The New Finlandization?

ur national poet from Minnesota, who carved out a career slicing and dicing up both the Left and the Right, and anybody else who didn't quite get the whole picture, once sang, "It doesn't take a weatherman to know which way the wind blows." So let's go to the videotape. Is a new form of the old Soviet technique of Findlandization becoming the same powerful threat in the West it once was seen to be in the previous confrontation of East versus West, of Communism versus Capitalism? Read more of this intriguing but very real possibility here in a captivating...