Look who's talking - Russia denounced rated

Rules igry09-12-2008 Look who's talking - Russia denounced rated lowering the credit rating of Russia, what would it have been justified - no more than a political move. Word of the international rating agencies have lost much in value after they slept through the challenges in the global economy. Recall first authoritative rating agency Standart & P oor downgraded the credit ratings of Russia's foreign currency debt to BBB from BBB +. The rating outlook is rated as "negative". Russian analysts agree that this reduction does not significantly worsen the situation in Russia. Importantly - to prevent further downgrade and loss of investment status. As writes The Financial Times, Russia became the first country in the Group of Eight, which downgraded the credit rating Standard and Poor's after the financial crisis, amid capital flight and a sharp drop in oil prices. Only this fact has become an occasion for debate around the world - why the "race to reduce the rating" Russia, having one of the largest reserves, ahead of the country, directly provoked a worldwide credit crunch? According to the S & P, the agency downgraded Russia's credit rating for foreign currency obligations in connection with the rapid depletion "of its foreign exchange reserves and the problems with the country's needs for external financing.

Social Networking: eaters of the time or resources useful?

Karera09-12-2008 Social Networking: eaters of the time or resources useful? The wave of popularity of social networking on the Internet has long been swept Russia. However, employers are such an eventuality was not happy. The offices in droves close access to the "classmates" and "VKontakte. And the doctors started talking seriously about a pathological dependence on social networks. Social networks - the main reason that people are becoming more time they spend online. This is the conclusion the authors of the international study Never Ending Friending. Psychologist Sergei Poliakov confirms the results of research and in addition, states with certainty that the level of entertainment social networking sites have grown into a real psychological dependence that can not scare employers. "Instead of official duties, the employees spend their time on the" search for friends "and view new messages, which in turn affects not only the performance of the employee, but also on the psychological state of man. Torn between work and virtual communication, the people there is stress, which in turn affects the physical health ", - said in an interview with a psychologist Bigness.ru.

The price of high rates on deposits

Banks Finansy27-11-2008 Price high interest rates on deposits of the Ministry of Finance urged banks to raise rates on deposits. In addition, the upward trend in rates has already touched the commercial banks. Will the public benefit to make deposits, and what a rate increase may lead to the banks? In a situation understood Bigness.ru. Finance Minister Alexei Kudrin has urged the banks to raise rates on deposits, and not rely on cheap credit facilities from the state. Rate on retail deposits should not be below the inflation rate, which now accounts for 12%. The statement Kudrin has already responded Sberbank of Russia. According to German Gref, Sberbank is considering the possibility of increasing interest rates on deposits of individuals, however, the decision is still pending. Meanwhile, the trend of rate increases have already touched the commercial banks. Observant citizen certainly noted shift of bright posters of credit programs on posters advertising attractive environment for deposits. Analysts polled by Bigness.ru, suggest that the recommendation of the Central Bank is primarily addressed to the state-owned banks, private banks are also still would have increased the yield on deposits.

State employees will receive according to his abilities

Karera01-12-2008 Public Employment will receive according to his abilities in Russia from December 1 we introduce a new pay system (NSOT) employees of federal public institutions instead of a previously existing single wage grid. Now the salaries of state employees will depend on the effectiveness of their work. In general, a departure from the Soviet egalitarian system experts see as positive. However, the bill is not without pitfalls. The new system will cover about 3.2 million people mainly in the areas of health, education and culture. As told Deputy Minister of Health and Social Development Minister Alexander Safonov, told RIA Novosti, according to new circumstances, the salary would consist of three components: salary, compensation allowances for special working conditions (who they are), stimulating bonuses (bonuses). Earnings of workers will now be directly linked to the quality and quantity of its work. It is worth noting that the salary of the employee, in accordance with the new pay system can not be less than the salary paid on the basis of the existing current Unified Tariff Scale (ETS) provided that the volume of official duties.

Trade and balance of the lease

Nedvizhimost09-12-2008 Trade and lease the balance of the fall of retailers offered to owners of shopping centers to reduce rents by 30-50%, referring to the harsh conditions of the global financial crisis. Currently, the Russian Council of Shopping Centers (RSTTS) calls for compromise and dialogue. Stronger bargaining position occupied by all the same retailers. Retailers in the global financial crisis require shopping center owners to reduce rents by 30-50%, or provide a transition to a percent of sales, according to a report of operational consulting company Cushman & Wakefield Stiles & Riabokobylko. "Retailers need to reduce rents by 30-50%, or provide a transition to a percent of sales. Developers, in turn, seek to cover the costs of construction and to fulfill loan obligations "- describes the situation in the real estate market analysts, whose words are quoted by RIA Novosti. Moreover, they add, drop in rental rates is inevitable: "advantageous to receive a minimum income, than to remain with nothing."

"The ruble - the world currency": an ambitious project of the Russian government

Banks Finansy09-12-2008 "Ruble - the world currency": an ambitious project of the Russian government has learned Bigness.ru, Ministry of Economic Development is preparing a project to improve the status of the ruble as a global currency. Such an initiative seems strange when at the state level by the devaluation of the ruble. However, and dismiss the idea as a strategic project, too silly. What steps to strengthen the ruble in general can be taken, figured out the "Big Business". Head of the analysis of monetary policy, financial markets and banking system of the Center for Macroeconomic Forecasting (CMASTF) Oleg Solntsev said that currently the Ministry of Economic Development plans to develop a project to strengthen the status of the ruble as a global currency. TsMAKP commissioned by the Ministry is reviewing the project. O. Solntsev warns that such projects are now needed to be considered with great caution and realize that they may be revised in a very short time. The situation may change so that all projects will also have to change radically. Nevertheless, the topic of consolidation status of the ruble our interlocutor, despite the difficult current situation, considers worthy of consideration. If we consider the prospects of the ruble, then we can concentrate on work in three ways, said O. Sun.

No fixed credit residency

Nedvizhimost27-11-2008 without a specific permit loan mortgage market proved to be extremely vulnerable in times of crisis. Banks, mortgage programs virtually collapsed. Developers also need to support opposite the falling demand for new buildings. Such conditions give rise to new market mechanisms to purchase housing in installments. As far as they prove effective, figured Bigness.ru. Since early 2009, two state banks - Northwest Savings Bank and VTB 24 - will offer new credit scheme. With its novelty act and the first builder - "Su-155". Since the new year the Northwest Savings Bank will provide loans for the purchase of not only housing, but shares in the construction of housing and savings cooperatives. VTB 24, in turn, offer potential borrowers first accumulate in the account in the same bank of up to 30% of the cost of housing. Then the money will be used as a down payment. After making the payment the bank will issue the customer credit for the same amount at a rate slightly below the market. For the remaining 40% of the cost of housing mortgage loan will be granted at the market rate. Its mortgage scheme will promote and group of companies SU-155. According to the idea of ??the builder, the buyer enters into a contract for the total cost of an apartment with an initial payment of 40% of the cost, and the remaining amount provided by installment.

The crisis in the arts

Proizvodstvo01-12-2008 crisis in art for sale contemporary art falls. Participants of the gallery business shrug - the demand for intellectual luxuries has fallen victim to the crisis. Before our eyes, the crisis is already the second time, stated in an interview Bigness.ru director of a prestigious contemporary art galleries - XL Gallery - Elena Selina. Gallery and the movement appeared in Moscow in the early 90's. "We opened when there was no market of contemporary art, then a long period was a difficult time", - said E. Selina. Gallery and movement only began to lift his head, "as the crisis hit in 1998. "As always, after the crisis, a period of quiescence, - said E. Selina - and it lasts about six months." After this period may be already drawing conclusions, is there a way out, and what, according to rukovoditelnitsa XL Gallery. According to her, on the art market crisis this time started from mid-September, so the situation will be clarified by March. To date, requests for purchases, but they are certainly decreased - described the current state of affairs E. Selina.

The actions of the Central Bank - an enigma even to experts

Banks Finansy01-12-2008 Action by the Central Bank - a mystery even to experts this week was held under the banner of rare optimism. Reports of a new Fed plan to rescue the U.S. economy slightly weakened the dollar. About the behavior of the U.S. currency at next week's analysts' opinions differed greatly. This week all the attention of investors are still focused on the behavior of stock markets, while the fundamental component was again relegated to second place. Investor sentiment improved after reports The Wall Street Journal about the government's intention to provide the U.S. Citigroup Inc. (The second largest financial institution in the U.S.) and $ 20 billion to guarantee troubled assets of the company in a $ 300 billion more emotions aroused the announcement of the new plan, developed by the U.S. Federal Reserve. The plan aims at supporting the sector of consumer lending and mortgage securities market, which gave a weaker dollar. In addition, according to chief dealer GK "Forex Club" Alexey Trifonov, another hopeful news has been approved assistants U.S. President Barack Obama that he was considering the next two years to send money up to $ 500 billion to rebuild the financial markets and economy as a whole.

The ruble is not falling - it just floats

Banks Finansy24-11-2008 ruble is not falling - he just swims Monday - Heavy Day. Difficult it was for the Russian ruble. Bank of Russia has extended the corridor of fluctuations of currency basket at 30 cents each way. But experts say that such a decision is quite logical, and nothing to fear. In the central bank officially confirmed that expanded the boundaries of the currency corridor - by 30 kopecks. in each direction. The Russian currency dropped to 30.95 rubles. to the basket. Prior to that, the upper limit of the currency corridor was 30.7 rubles. As a result, the official rate of U.S. dollar increased by 9.48 kopecks. to 27.6613 rubles. for one dollar. Euro also went up immediately to 39.26 kopeks. - Up to 34.9141 rubles. We recall that two weeks ago - November 11 - The Central Bank has already extended the boundary of the currency corridor just 30 kopeks. in both directions. Thus, within a month the Bank of Russia has extended the range of fluctuations of the ruble against a currency basket to 60 kopecks. In fact, under conditions of increased demand for currency, the ruble on the 60 cents a ruble and fell.

The new rescue plan the U.S. will be in Russian hands

The global economy rules igry26-11-2008 The new rescue plan the U.S. will be on hand Russia U.S. officials once again concerned about the state of the economy and are taking new steps to recovery. In particular, the Fed announced new steps to inject additional funds of $ 800 billion is also possible to base rate will be reduced to zero. Federal Reserve System (FRS) the USA has announced new measures to support homeowners, consumers and small businesses totaling $ 800 billion Thus, the total inflows into the U.S. economy, taking into account the "Paulson Plan" of $ 700 billion is $ 1.5 trillion. To purchase the direct obligations and securities of mortgage brokers have to stipulate the amount of $ 600 billion In particular, the planned purchase of direct obligations of mortgage companies with state participation, as Fannie Mae and Freddie Mac, as well as the federal mortgage banks. Just be redeemed collateralized mortgage securities of Fannie Mae, Freddie Mac and Ginnie Mae. It is expected that the first purchase will be made before the end of this year. Total repurchase program will be in effect for several quarters. The remaining $ 200 billion will go to support the securities backed by a pool of consumer loans.

On the crisis hit taxes

Rules igry13-11-2008 on the crisis hit in taxes during the financial crisis, the budgets of all levels are urgently needed funds. Since income taxes are provided to the Treasury, and the increase in tax rates - something extremely unpopular, the authorities seek to enhance an already established collection of taxes at current rates. The result is a strengthening of state control over the correctness of calculation and payment of taxes by companies. Who this time comes under the close eye of the authorities, and whether there is an opportunity to avoid their attention, find out for readers Bigness.ru Deputy Director General of the organization "VECTOR Right" Maria Adler. Excuse is always the fastest way to get extra fees from the company - to hold it a tax audit, the results of which assessed additional demand and pay the required amount. A revision was possible to regularly publish standard methods and schemes to reduce taxes by enterprises, the signs of bad faith of taxpayers and other similar information. Latest publication released by the Federal Tax Service began in October, four schemes "of financial and economic activities with high tax risk: 1. work with companies - ephemera 2. schemes for obtaining undue tax benefits for sale of immovable property;

The Japanese auto industry is once again independent

Automotive Proizvodstvo18-11-2008 Japanese car industry is once again an independent Facing enormous financial problems, American automotive corporations dump their shares owned by Japanese automakers. The "Japanese" have chances and conditions for the survival of their American counterparts - almost none. The other day just two American automobile megacorporations announced the sale of their stakes in Japanese companies. Ford Motor Co on November 19 to sell 20% stake in Mazda Motor Corp. Thus, Ford plans to raise about $ 540 million, which will be thrown to solve the current financial problems of concern. Buyer 6.9% stake in itself will make Mazda, the rest will buy an unnamed strategic business partner, a Japanese company. And earlier this week to sell the remaining shares of Suzuki announced Concern General Motors. And the buyer a 3 percent package will own the Japanese automaker. The transaction amount - $ 230 million

Foreigners will help us invest in profitable

Nedvizhimost24-11-2008 foreigners will help us invest in profitable Owning overseas property before it was considered a reliable investment. But the global financial crisis has confused all the cards. Now invest in square meters abroad can be a "Russian roulette" - you can win, but thoroughly owning situation. Editor in chief of Internet portal «Prian.ru - Property Abroad Alexei Konovalov story Bigness.ru, which notes the increasing interest in overseas property. "People are interested in where they invest, as many investment mechanisms are not working" - said the expert. If the Russian real estate market is expected to decrease prices, the overseas situation is more complicated, said Alexander Konovalov. For some markets, prices are rising, on the other fall in third markets as prices fall, but predicts that will soon go up again. The most popular trends today are Bulgaria, Finland, Germany and Spain - the interest in this country has grown enormously in recent years. Potential buyers are also interested in real estate in the U.S., waiting for the price of it will reach "bottom", said Alexander Konovalov. Recall the last few years property prices in the U.S. fell dramatically due to the cost of loans. Also demanded Russian property in France, the Czech Republic, Italy, Egypt, Turkey and Montenegro.

Multicurrency deposits retain depositors

Banks Finansy19-11-2008 Multi-currency deposits hold investors saying about a good hostess, who never puts all your eggs in one basket, you can take the law minimize financial risks. Interesting tool for "good housewives" in the field of conservation funds are multi-currency deposits. How this mechanism operates in a crisis, and how effective is it in terms of both client and from the standpoint of the bank, Bigness.ru asked the experts. Recall that the feature of multi-asset is the fact that the depositor has opened not one but several accounts in different currencies. The proportions of the allocation of funds on these accounts varies by the depositor. In addition, they can be changed after the opening of the contribution, depending on the situation. Senior economist at the investment bank "Trust" and a senior lecturer of the State University Higher School of Economics Yevgeny Nadorshin argues that "the customer this tool has recently begun to enjoy a high popularity. Previously, when the situation on the financial market was quiet, a greater percentage of multi-currency deposits was difficult enough. You had to guess in what direction will move the dollar and euro, to win a small percentage, said Yevgeny Nadorshin.

Rental housing: less than yesterday, more than tomorrow

Nedvizhimost18-11-2008 rental housing: less than yesterday, more than tomorrow, rents for apartments in Moscow range from $ 1000 to $ 70000 per month. Experts say that most of these prices are too high, and a decrease in interest rates amid falling demand in times of crisis can adjust them to the objective size. Special rent adjustments will undergo gentrification and business class, but the price for the rental of mass housing can stay on the same level. Many Realtors predict drop rates by 15-20%, and in some cases, when the exposure duration exceeds 3-4 weeks, by 25-30%. Real estate experts, though partly agree with this opinion, but believe that the adjustment will be insignificant. "I think that some reduction in rental prices will be, but to a lesser extent than the purchase of real estate, as in recent years, apartments rose in price much faster than renting. In general, the rental market can not be called a market. For example, many take off with friends. Often for several years, several in a row prices have not been reviewed. If any changes will be, then those apartments that have recently begun to yield at maximum prices, "- said in an interview Bigness.ru head of the analytical center IRN.RU Oleg Repchenko. According to him, reduction can reach 10-15%.

Rating - not a prophecy

Finansy18-11-2008 Rating - not a prophecy culprits of the global crisis have repeatedly called the rating agencies. Need to reform the rating system is recognized and at the summit "Big Twenty." Recently, Russia has proposed his own version of reform. What changes are needed and what they think about the situation yourself rating agencies trying to find out "Big Business". At the G20 summit Russia has proposed to create a new international rating agency, whose founders have been the state-participants of the summit. According to Deputy Finance Minister Dmitry Pankin, Big Twenty "is not supported Russia's initiative. Need to reform the rating system is long overdue. Claims against the major rating agencies were made last summer, when the financial authorities of major countries directly accused the current system of assigning ratings of one of the culprits of the credit crunch. However, according to experts surveyed by Bigness.ru, the Russian idea of ??creating a major international agencies, is hardly feasible in the near future.

The recession has covered the main creditor Russia

The global economy rules igry17-11-2008 recession has covered the lender of Russia, the situation in the European economy is deteriorating day by day, and, as experts say, in a short time you should not expect a change for the better. Undoubtedly, this turn of events does not better reflected in Russia, for which Europe has been one of the major markets for petroleum products. The eurozone is experiencing its first recession since the introduction of the single European currency in 1999, and, according to Western experts, the negative trends in the region's economy will continue over the coming quarters. And a classic recession, which refers to reduction in the production of real national product, lasts six months or more. The economic downturn makes the European authorities to do everything possible to limit its depth. European Central Bank (ECB) is likely to continue cutting interest rates in December, Governments are developing incentive programs. But their efforts may be too late, and recovery in Europe will start much later than in the U.S., analysts fear.

Crisis waits "universal soldiers»

Karera20-11-2008 crisis waits "universal soldiers" Many people, feeling the breath of the crisis and the upcoming layoffs, decide to raise the level of education and professionalism. This gives a chance to easily get to another place and increase its relevance to current work. Bigness.ru Experts believe that now the problem of competition for jobs and actually worsened for the vacant positions are increasingly required employees-rounders. Following the Western countries, where financial crisis has already led to massive reductions in personnel, a wave of layoffs has reached Russia. The process of "cleansing" of specialists is gaining momentum and is likely already to many Russians a nightmare, as chief strikes out his name from the list of collaborators. Now hear from HR very similar to the news of casualties during the war: Daily reports of new cuts. In connection with the current difficulties began to acquire relevant training courses. People write on them to improve their skills and thus get more chances to get a job in terms of unemployment and mass layoffs caused by the economic collapse. The most in demand in a period, according to a representative personnel center "UNITY" to become versatile professionals.

Reduce the cost of the crisis accommodation services

Nedvizhimost17-11-2008 reduce the cost of the crisis accommodation services, experts warn hotel operators: to work as before (or thinking of nothing ") does not happen. Hotels need to be revised pricing policy. Consumers can expect more flexible fares and discounts. The credit crisis has already rocked the real estate market emerged, and in the hospitality business. In Moscow today announced several major hotel projects, but almost all of them will be deferred until the "best" times. Thus, MC Rosinvestotel "involves freeze 11 out of 15 ongoing projects. Azimut Hotels Company, by 2010, plans to open first hotel in Moscow in the business district "Danilovskaya Manufacture 1867", but to talk about future plans do not want to, preferring to wait for the new acquisitions to stabilize the market. The Office of the analysis and organization of hospitality of the Federal Tourism Agency of Russia refused to comment on the current situation in the hotel market of the country, citing a lack of fresh data. However, all is not so bad, say market players. Yes, indeed, "those projects that were in the" paper "stage - postponed, pending clarification of the situation," - said in an interview Bigness.ru vice president of Jones Land Losal I »(Jones Land Local Hotal) Marina Smirnova.

Jumps in the ruble comes to an end

Finansy23-11-2008 surge of the ruble comes the end of last week gave hope that the "big jumps" in the currency market to a halt. The dollar then gave the euro a little break up, then rises again myself, but these changes were minor and not a reflection on the value of the currency basket to which the exchange rate pegged. Most experts say that next week the leading position of the dollar can and does result, but is to be prepared and to another turn of events. Current week was probably the most peaceful, although the opening of the major currency pairs on Monday there was a serious gap in favor of the dollar. Since the European currency, according to the director of public relations FG "Kalita-Finance Alexei Viazovskaya, all five trading days ranged near the mark of 1.26 dollars. In addition, analysts Kalita-Finance noted that at the level of 1.24 dollars per euro has formed a strong line of support. "At the moment the market is the consolidation of the dollar against major world currencies. This, incidentally, reflected in the rate of the ruble - the week the dollar traded near a stable marker 27.40 - 27.60 rubles per U.S. dollar (source iTrader) », - the expert says in an interview Bigness.ru.

Financial revolution will not

The global economy rules igry17-11-2008 Financial will be no revolution, "We have taken important steps toward global economic order" - so pathetically German Chancellor Angela Merkel described the summit results "Big Twenty", which took place over the weekend in Washington. Leaders of major countries around the world discussed how to prevent future financial crises like that now raging around the world. About how to deal with today's problems, the summit participants hardly talked about. In the final communique contained only wish all the countries of the world continue to "selfless efforts and take all necessary measures to stabilize the financial system." Just casually walked, and for reasons of the crisis. The final document attributed to him without proper prior analysis of the risks and lack of coordination of macroeconomic policies. Anything new and concrete. On the other hand, this is the first ffitsialnaya statement of the ideological bankruptcy of the major rating agencies, which previously was trusted blindly estimate the reliability of all financial instruments and players in the global market.

Gift tax by $ 400 billion

Rules igry20-11-2008 gift tax by $ 400 billion, Prime Minister Vladimir Putin proposed to January 1, 2009 to significantly reduce the income tax rate. This will free up the business over 400 billion rubles, but the entrepreneurs themselves dreaming of something else. In a speech today at the congress of United Russia, the Russian prime minister proposed the idea to reduce next year income tax. In particular, that part which goes to the federal budget, reduced by 4%. Regions is given the right to reduce its portion of the tax by 10%. Now the income tax rate is 24%, including 17.5% goes to the regional budget, and 6,5% - to the federal. Currently, the Russian tax code allows regions to reduce their rate of four percentage points. "The price of the issue of over 400 billion rubles, and all of that money will stay next year and will work in the economy", - said Putin, speaking Thursday at the Tenth Congress of the United Russia party, speaking about the need to make fundamental steps in connection with the evolving situation in profit enterprises.

The dollar is ready to grow further

Finansy17-11-2008 U.S. ready to grow further sharp jump in the dollar against the ruble in mid-week seems downright scared of Russian citizens, fueled by rumors about the imminent devaluation. But by Friday the U.S. currency began to fall, returning to the recent position. Experts believe that next week the growth potential of the dollar remains, but is not as active. Strong pressure felt by the ruble and the euro for almost the whole of the week. On Wednesday the Central Bank of Russia allowed the weakening of the ruble against the currency basket of 31 penny. A prerequisite to this were the words of the chairman of the Central Bank of Russia Sergei Ignatiev that he could not rule more flexible currency exchange rate with some tendency to its weakening against foreign currencies. However, he stressed that the Bank of Russia and the government is not highly interested in the fact that there was a sharp devaluation of the ruble. According to the chief dealer GK "Forex Club" Alexey Trifonov recent exchange rates on international currency markets have become increasingly dependent on the degree of risk appetite.

Debtors under the mortgage is waiting for a bleak future

Banks Finansy13-11-2008 the Debtors on the mortgage from a bleak future awaits passage to a better life bank mortgage is becoming a burden. Fearing a rise in unemployment in the country, the banks are threatening to tighten the conditions of already issued credits, and also require the government to legitimize harsh measures against the debtor. Experts are assured: the government must show toughness and not to go on about the bankers. A crisis of already touched on almost all spheres of life. Layoffs, deterioration is against this backdrop of welfare of citizens and the inability to pay its debts have become real. At the beginning of next year, reduced because of the crisis, the Russians 'first wave' will end paid in compensation. It was then, experts predict, will begin to threaten the growth of overdue loans recruited citizens. But one thing to have debts of credit for household appliances, which in principle is not threatened with anything serious, and quite another when a person can not repay the debt for the mortgage, the monthly payment which amounts to tens of thousands of rubles. However, lack of money to pay is not the worst in this situation.

Moveable property prices

Nedvizhimost22-11-2008 Moved by the price of real estate issue of property prices - one of the most urgent not only for buyers but also for construction companies. In a crisis, demand for primary housing market drops considerably. Construction companies are unable to repay the loans. The State has indicated its willingness to help the construction sector. Bigness.ru wondered how effective this will help, and any fluctuations in housing prices to expect. The State Duma on Friday passed a law to support the construction industry. The Act provides direct the Fund to promote housing in the amount of 50 billion rubles. for the purchase of residential facilities for resettlement of residents from unsafe housing. In addition, federal funds in excess of 30 billion rubles. in 2008 will be spent for acquisition of accommodation for the troops. Thus, the state tries to provide at least the minimum demand for new buildings. Do you see this Merya greatly help the construction sector? State Duma deputy, member of the Committee on civil, criminal, arbitral procedure law Galina Khovanskaya notes that this measure is, of course, does not seriously change the "difficult situation in the construction sector. "If one hundred (construction companies, approx. Ed.) Can help solve the problem - already well" - says our source.

Loan from the manufacturer's cheaper

Automotive Proizvodstvo23-11-2008 loan from the manufacturer cheaper Many of those who wanted to buy a car this fall, we had to adjust their plans. Banks, chained shortage of liquidity, does not seek to borrow money to buyers of cars. However, the credit structure of the automakers themselves are interested precisely in car sales. Whether to seek the most advantageous terms of credit is in such banks, and what pitfalls you can encounter, Bigness.ru sorted out by specialists. Senior analyst at the Association of Russian Banks Sergey Grigoryan, states: "All the credit market has been declining volumes issued by the funds, including auto loans. "Universal" banks because of rising costs of funding its resources have to raise rates. Their programs are less attractive to the consumer. " Managing Director, Investment Group AG Capital Alexander Agibalov explains the reduction turns on the car loan market for two reasons: increasing interest rates and increasing banks' claims on the borrower. The latter measure is associated with the psychology of consumer behavior in times of crisis, experts said. In a difficult economic situation, people can either reduce their costs, or vice versa - to live for today and take loans without thinking about how they give. Beware of the latter, banks are tightening the requirements for the borrower.

How to evict for debts

Banks Finansy13-11-2008 How to evict for debts the word "crisis" inevitably begins to catch up with the fear of even the most persistent. Already rumors of mass layoffs, uzhimaniyah budgets, folding projects and other horrors. Of course, this turn of events may not be the most favorable way possible consequences for the bank borrowing, and therefore the banks themselves. Experts have long been talk of a possible increase of defaults on loans, especially mortgages. What is now required by law, and how you can protect yourself from unwanted actions by banks and collection agencies, told the Bigness.ru Head of Public Relations loan broker "FOSBOURNE HOME Denis Riabokon (hereafter DR): Bigness.ru: - What is prescribed by law and standard procedure for debt collection contracts from the borrower? What could be the penalties for failure to pay? How long is the beginning of education debt from the borrower until such time as the bank will submit to him in court? DR: - First, we should note that banks always go towards borrowers in difficult situations, and therefore provides for pre-trial procedures of debt collection, when the bank and the borrower agree on measures to recover arrears.

Downshifting in Russian. Who can afford?

Karera14-11-2008 Downshifting in Russian. Who can afford? The term Downshifting is becoming increasingly popular in the lexicon of Russian workers. The fact that such Downshifting, and what forms it takes in Russia during the crisis, Bigness.ru found out from the experts. Downshifting (with English can be translated as "slowing down or weakening of a process"). Traditionally it is defined as the voluntary renunciation of the higher positions in favor of less remunerative. How to write daunshiftery for themselves: the most important of which they refuse - it's someone else's goals and desires. In most cases they are purely material goals: career, money, luxury items. As noted by the head of recruiting personnel center "Unity" in IT-sphere Cyrus Martanova, m Which provides care for various reasons: personal, professional, change the world. As a critical case, it may be associated with the loss of health, when a man forced to change the activity in the lower paying.

Currency mortgages became "Russian roulette»

Banks Finansy12-11-2008 Foreign Exchange Mortgages became "Russian roulette" The devaluation of the ruble, though small, experts say, is not far off. For recipients of ruble mortgage loans such an outcome even quite profitable, but the currency borrowers were in the "wolf pit". Analysts believe that the hardest hit are those who took a mortgage in the U.S., as their overpayment will increase by another and the difference in exchange rates. Events for Russian citizens continue to unfold not in the best light for them. Seemingly empty talk recently about the imminent collapse of the Russian currency begin to be realized. Central Bank chairman Sergei Ignatiev at a briefing in the Russian government, said he did not rule out increasing the flexibility of the exchange rate of the ruble. On Monday, he did not rule out the weakening of the ruble in relation to global currencies. The next day, his words were played on exchange of buying the U.S. dollar. As a result, the Bank of Russia could not hold the two-currency basket at the Monday - the ruble fell back immediately to 32 kopecks. And that, analysts say, is just the beginning. Most experts believe that such developments are not the most favorable impact on those who bought before the mortgage loans in foreign currency.

Turn into slavery: the IMF re-distributes loans in exchange for freedom

The global economy rules igry29-10-2008 queue into slavery: the IMF re-distributes loans in exchange for the freedom of the global economic crisis - the perfect time for fans to fish in troubled waters. SCAM of all ranks found in this niche - one on behalf of the Russian Central Bank promises loans in exchange for agency fees, someone promises to withdraw the contribution of the troubled bank - you just give money "to bribe cashiers. Do not stand aside and chief financial swindler of the last century - the International Monetary Fund. Today, the demand for money is particularly high, and few people pay attention to their smell and the source. Generous lender has the unique chance to put on his hook polplanety, there is a will and money. At least, so you can explain the energy with which the box with mothballs learned the International Monetary Fund. The storm and hope for the "third world", the Fund has been completely handed over its former position and suddenly lost influence and prestige. The recent election of the head of the Fund only bared all his weakness and contradictions.

Expert: no need to tighten the situation with a mortgage

Banks Finansy29-10-2008 Judge: no need to tighten the situation with a mortgage in the near future possible growth of defaults on mortgage loans, said President of the Association of Russian Banks, Garegin Tosunyan on passing in Moscow press conference, "Banks, realtors, builders: what expect from the current financial situation. " Among the reasons he described as increasing unemployment and lower incomes of Russians against the backdrop of global crisis. As of July 1, 2008, with an overall increase in mortgage arrears at 825.04 billion rubles, the proportion of the delay amounted to 0,3%. But this figure, according to many experts, could soon rise dramatically. The growth of bad loans to date is difficult to predict, because "it depends on many factors," explained Tosunyan. Nevertheless, the bankers have a ready solution to deal with the defaulters on loans. They should be "relocated". During the press conference, President of the European Trust Bank, Chairman of the Committee on Mortgage Lending ARB Andrew Krysin said more than once put forward the idea of ??creating a special "resettlement" fund for people who can not pay the full cost of mortgage credit in the current difficult conditions. However, he laments, the proposal finds no response, no response from the relevant authorities there.

Devaluation is inevitable?

Banks Finansy10-11-2008 devaluation of the inevitable? To date, the devaluation of the ruble looks as inevitable. Do not vain attempts of the Central Bank, retaining the ruble within a narrow trading band? Let the ruble float freely today - extremely dangerous for Russia, experts warn Bigness.ru. Recently, more and more talk up a weakening of the ruble. No wonder - for several weeks the Russian currency, like a fish on ice, and beats within the narrow confines of the currency corridor, which already looks artificial. Russia's central bank has to maneuver the large-scale intervention, which leads to losses in foreign reserves. According to various sources, to date, the loss amounted to more than $ 30 billion Judging by recent statements of the Bank of Russia, the domestic central bank is tired of the containment policy. Yes, of course, the CBR and the government is not very interested that there was a sharp devaluation of the ruble, said at a recent press conference, the head of the Bank of Russia Sergei Ignatiev. He stressed that the ability to prevent a sharp devaluation while there - is a large amount of foreign reserves. However, he acknowledged that the current situation there is an additional opportunity to "increase the flexibility of the ruble to a trend of weakening against other currencies." In other words, a little bit of everything down the ruble monetary authorities are ready psychologically.

Banks are holding "auditions" borrowers

Banks Finansy10-11-2008 Banks are holding "auditions" Borrowers Amid worsening financial condition of the citizens banks try to protect themselves from further risk, presenting more and more requirements to a potential borrower. Experts believe that such a solution is quite true, as against mass layoffs borrowers will refinansirot their loans, which will give impetus to the many downs. Following the mortgage and car loans banks are tightening the conditions for granting loans to non-target, explaining that the increased risks of mass insolvency of borrowers due to layoffs. According to the Bank on 1 October 2008 the volume of loans to natural persons amounted to 4 trillion rubles. According to the agency, "Rus-Rating, the share of loans with a term of one year to three years (that is where the term is usually granted such loans), accounts for about 18% of the total. Economist at Bank TRUST Eugene Nadorshin believes that some tightening may occur at many banks, as the picture of the economy has changed significantly, as compared with the one that saw them in the first half of 2008.

Expert: volatile currencies should be expected

Finansy10-11-2008 Judge: volatile currencies, we should not expect past week showed that observed for a long time the storm in the forex market come to naught. Experts say that next week everything will pass without much hesitation, as the market need to relax after a sharp rise in October. Furthermore, good support its currency gave the ECB, coordinated by reducing the base interest rate. Contrary to expectations, the U.S. election have not had a serious impact on the movement of world currencies, which may explain the unwillingness of investors to link the election of a new president, followed by swift changes in the economic and foreign policy of America. The opening bid at the beginning of week, there was virtually no breaks. The dollar was trading around 1.27 per euro. However, during the following trading days, the euro fell to $ 1.25 a week at least. In the future European currency has still been able to recover from these lows and achieve a level of 1.3. Nevertheless, by the end of the week for the euro given in the 1.29 dollar. Talking about the background of news last week, it may be noted that the most significant development was the reduction in base interest rates by European Central Bank - which gave strong support for the euro.

How to keep your money in the metal

Finansy05-11-2008 How to keep your money in a metal When it becomes unclear how to keep their savings from inflation and exchange rate leapfrog, people pay attention to the precious metals. Banks are also offering the citizens to invest in the metal accounts. How reliable are these polls? Expert answers Bigness.ru. Under the conditions of temporary difficulties in the economy, more people are thinking about what kind of a way to deposit money they choose not to lose their own savings. Precious metals - one of wealth, which is considered to be eternal. However, regarding the question of conservation funds in metals has long been steeped in controversy. Should I look at the "metal accounts, which offer some of the banks? Seems to be simple - it is only possible to convert the money into metals such as gold. Expert in one of Moscow banks told Bigness.ru about the pitfalls of such a store of money. Bigness.ru: - How much money will you have stored in metal accounts?

Expert: U.S. now is the personification of money

Foreign Exchange Market Finansy05-11-2008 Judge: Dollar is now the personification of money followed by a sharp strengthening of the dollar late last week, this was followed by no less than his sharp weakening against the backdrop of "revival" of the world's stock exchanges. Experts believe that the temporary difficulties in the economy has not yet peaked, so expect in the near future occurrence of calm in the foreign exchange market is not worth it. Despite the fact that the opening weekend yet passed under the sign of the dollar strengthening, beginning on Thursday at the market could see a serious increase in the main rival of the American currency - the euro. "The first impetus to strengthening of the euro has been the growth of Japanese index Nikkei, which during the Asian session, rose by 6,4%. Following the strengthening of the Asian "funds" into their own hands seized the U.S. stock market "- said in an interview Bigness.ru chief dealer GK" Forex Club "Alexey Trifonov, adding that the pressure on the dollar have the same expectations of lowering the main interest rate U.S. Federal Reserve to 1% on Wednesday that it actually happened.

What saves the Ukraine by the IMF?

The global economy rules igry06-11-2008 From what saves Ukraine IMF? After a series of political manipulations, Ukraine still managed to achieve a solution to the International Monetary Fund (IMF) to provide crisis loan of $ 16.4 billion loan granted by 3,7% per annum and matures in the first tranche - 5 years. The main condition for obtaining the loan was legal support "the recommendations of the IMF's economic recovery. Recall that this task Ukrainian President Viktor Yushchenko met with parliament dissolved by it. Apparently, the situation was very critical - the head NBU Vladimir Stelmach announced that the country is threatened by default, if the IMF does not support Ukraine. As a result, Yushchenko had to be reversed. Under what specific terms of the signed Ukrainian parliament, was not entirely clear until this week. However, it is a matter of principle - "the IMF of its activities, to put it mildly, discredited itself as a financial institution" - said in an interview Bigness. ru famous Ukrainian economist, director of economic programs of the Center of Studies of corporate relations, Vyacheslav Butko. Today is the official Kiev said that the IMF requirements relate only to increase the authorized capital of banks ("recapitalization"), tighter fiscal policy and exchange rate changes.

How much house for the state? At home in Russia for almost no price

Nedvizhimost27-10-2008 How much house for the state? At home in Russia for almost no price Writing Russians hope for their own housing and to support the falling Russian construction industry - under such a noble purpose, the State is planning an ambitious program to buy stale housing from construction companies. And, to buy housing will not "yesterday" (apparently meaning the "inflated" prices), and by "today" or even "tomorrow". That was the phraseology used on Monday, Russian Prime Minister Vladimir Putin, referring to the package of measures to support home builders. However, the pricing of Russian real estate market is "vague and opaque" nature, said the expert Bigness.ru. Indeed, in many Russian cities in recent days there is a decline in prices for apartments. This stems from the current temporary difficulties in the financial sector of the country caused by the global credit crisis. Banks have some problems with liquidity, as a consequence is unable to properly credit the real sector of the economy (the same building), as well as buyers - mortgage in Russia is practically curled. The decline in demand has turned a perceived decline in prices. While it is hidden, and is expressed in tangible discounts and gifts from vendors - from 30% of the advertised price.

Global automakers are cashing in on the Russians

Automotive Proizvodstvo22-10-2008 Global automakers are cashing in on the Russians Worldwide demand for cars falls. And if in Europe, he simply does not show growth, the U.S. cars sold in absolute terms, less than before. The reason for that was the credit crunch, which led to a decline in personal income, udorozhil auto loans, tightened requirements for borrowers. Russia is experiencing the same effects of the crisis, but our country still remains one of the fastest growing automotive markets of the world. In January-September sales of new cars in Europe fell by 4.4%. In the U.S., falling sales for the year may reach 16%. In Russia, sales of cars are "against all odds to grow by 18%. Such data are published Association of European Businesses in Russia. This year, new car sales in Russia could reach 2.75 million units against 2.3 million last year. Two-thirds of them are foreign cars, the vice-president of the Automobile Manufacturers Committee of the Association of European Businesses in Russia (AEB), Martin Yan. Thus, he noted, the Russian market remains in the top five fastest-growing auto market in Europe. True, if not a crisis, until the results of this year would have lasted up to 3 million vehicles, says the head of the AEB. And last year showed a brilliant result - 38% growth.

Expert: buyers do not want to borrow under the "Air on a construction site»

Nedvizhimost23-10-2008 Judge: buyers do not want to borrow under the "Air on a construction site on the Russian real estate market uncertainty reigns. Builders are waiting for stability, but banks are not rushing to lend to builders. Therefore, investors will soon be pulled from the new buildings on the secondary housing market. Despite the current housing market conditions, CEO of Trading System Open Market building investments (ORSI) Zaali Tsanava at a press conference that the secondary market for real estate will soon start to attract investors because it is more money-back guarantee in contrast to the primary. And this is obvious, as "primary," according to the IG Capital analyst Ivan Zavadsky, now under construction longer. "Of course, during the temporary difficulties of delay - much more common. The situation in the construction market is heavy. She is now trying to resolve themselves as developers and governments at different levels ", - he said in an interview Bigness.ru. Counsel for the estate Cyril Simachkov also noted that investment is now quite risky.

How to escape from the "crisis" panic

Finansy31-10-2008 How to escape from the "crisis" panic Psychologists believe that the panic in our modern society is extremely contagious. They give advice on how to control myself and "sober" mind in the period of time constraints, not to be influenced by negative publicity from the media and panicky rumors. Most people tend to believe false information that they read in the media. And, the worse they write, the more trust - these are the features of the human psyche. Therefore, in a society so quickly take root frightening rumors about the incredible increase in inflation and the destruction of the polls of all banks in Russia. Over the past few weeks, you can watch the crowd agitated people with "exchangers" who are trying to get rid of the Russian currency, which allegedly threatened an ambulance devaluation. Famous psychologists shared with Bigness.ru, as increased mental illness in Russia on this basis. "In my opinion, the number of mental disorders has increased. But in Russia this figure is not large, may be five percent. In the West there are many more. People panic because they fear layoffs, nagging each other at work ", - said in an interview Bigness.ru psychologist Marina Bulygin. "Our country has experienced such disasters, that this crisis is not the worst thing that we have in the foreseeable memory", - adds the expert.

Russian President calls for new world order

The global economy rules igry31-10-2008 Russian President calls for new world order, Russia will seriously insist on reforming the international financial system. This has made it clear today the Russian president, Dmitry Medvedev, speaking at a meeting on the upcoming U.S. finance ministers meeting 20 largest economies in the world. The Russian position, with the words Medvedev, is to create a multipolar world economy, which would play on common rules for all games. First of all, the countries with the greatest weight in the financial world, the planet will have to come to a "new international agreement" that would ensure the legitimacy of the new system of rules. "The general strengthening of the stability of the international financial system," Medvedev said, should be built "on the basis of the multiplicity of the world's financial centers and a plurality of reserve currencies." "Thirdly, this form of risk management system, which is adequate to modern technology - not the principles that have historically been built into the Bretton Woods system," - said Medvedev. He stressed that the new rules should be "harmonized," that is applicable throughout the world "without any discounts on the national standard." "And, finally, is the formation of a system of incentives for rational behavior of the participants in the financial market - to the sound, that is fair, adequate, balanced and reasoned," - said the president.

The Moscow authorities are holding back prices

Nedvizhimost22-10-2008 The Moscow authorities are holding back housing prices lately in the media there is about buying the Moscow authorities for housing developers in the municipal purposes, in order to assist them in overcoming the crisis. The experts on this subject has developed a controversial opinion. The city authorities have been actively purchasing housing for municipal purposes from private companies, thus keeping them in a financial crisis. This was stated by Moscow Mayor Yuri Luzhkov on October 17 in Vienna, speaking at the XI-th International investment forum "Moscow-Invest-2008". According to him, only last Thursday city authorities have decided to purchase a large quantity of housing, support one of the structures, otherwise it would be bad. "At the same time we fully complied antitrust laws, a requirement not to create a preference one way or another construction company", - said the mayor. Head of the Analytical Center IRN.RU Oleg Repchenko believes that such a statement no more than a PR-course of government and moral support to developers of housing economy class.

Expert: we go to the "world government»

Finansy28-10-2008 Judge: We are going to "world government" in recent years have increasingly heard the statement that the global financial system in its present form has become outdated. Our experts pay attention to the fact that the world economy "inflated" virtual money. But some of them believe that the main problem lies in the management of the financial world. Discussions of the shortcomings of the modern financial system are activated as we approach the summit "Twenty", which will be held on November 15 in Washington. "I think the cast is a beautiful slogan, which reads that the old system is outdated and need to do something new. But from my point of view, the majority of those who reported this said, do not understand what to do, "- said in an interview with the director of analytical department Bigness.ru Otkritie Khalil Shehmametev. "The form, which was introduced by another 50-60 years ago, really outlived itself. Previously, she focused mostly on the foreign exchange market and payments imbalances, now in the form of organization of the system are too many holes, which allow to form such a "bubble" that we are witnessing now, "- said Bigness.ru analyst with Aton, Inga Focsa. She believes that under the new financial system can involve some kind of globalization, because they run it in certain sectors is problematic.

Monitoring changes in the law from 20 to 24 October

Rules igry28-10-2008 Monitoring changes in the law from 20 to 24 October to present to your attention the weekly monitoring of actual changes in the law for the period from October 20 to October 24, 2008, prepared by specialists of «Tenzor Consulting Group». In this issue of the review are the most important regulations that are of interest to Russian business. Particular attention should be paid to the Government Decree of 13.10.2008 № 758 "On the acceleration and simplification of work permits for foreign nationals to enter into employment or civil contracts with independent non-profit organization" The Organizing Committee of XXII Olympic Winter Games and XI Paralympic Winter Games 2014 in the city of Sochi and arrived in the territory of the Russian Federation during the organization and conduct of the XXII Olympic Winter Games and XI Paralympic Winter Games 2014 in Sochi and the Order of the Ministry of Economic Development from 10.09.2008 № 270 "On the determination of rents for land in state or municipal property, which provided for the construction of Olympic facilities. Taxes and Finance

Russia has opened the door for manufacturers of automotive components

Automotive Proizvodstvo30-10-2008, Russia has opened the door for manufacturers of automotive components is finished - Russia officially refuses moratorium on signing new agreements on industrial assembly of automotive components for cars on its territory. The corresponding order has been signed in the Ministry of Economic Development, Ministry of Industry and Ministry of Finance. Recall government decree of 2006 automotive manufacturers are entitled to a minimum fee (from 0% to 3% instead of 5-20%) to import components for assembly of parts and components of vehicles. The main condition was the localization of production of parts at 30% after three and a half years since the signing of the agreement. This mode, in which Russia employs all the plants of foreign automakers, has been abolished in the fall of 2007 as contrary to the norms of the World Trade Organization. WTO rules do not imply the creation of favorable conditions "selected" companies (decisions about whom to admit to build factories in Russia and who was not, was taken at the very top).

Someone imprisoned for debt

Banks Finansy30-10-2008 Who is imprisoned for debt MPs propose to reduce the amount of outstanding loans, which can occur when criminal liability. Experts do not believe this statement and believe that this may be the result of panic, banks that are now especially in dire need of money. A group of deputies headed by a member of the Committee on Financial Markets Anatoly Aksakov and Senator Gleb Fetisov has prepared a bill that would introduce criminal liability for dishonest borrowers. The document, excerpts of which published the newspaper "Kommersant", provides for criminal liability for individuals to obtain credit by providing for a "willful misrepresentation" (eg, incorrect data on wages, job, use of false documents). Just deputies suggest reduced from 250 thousand to 10 thousand rubles debt level at which against the borrower's delinquent loan may be prosecuted. According to the developers of the bill, it will be submitted to the Duma before the end of the week. Reduction of "criminal" strap debt up to 10 thousand rubles means that the risk is most of all borrowers - even those who bought at the micro-purchase home appliances.

Expert: Russian ruble falls

Banks Finansy20-10-2008 Judge: Russian ruble has fallen on the Moscow market of currency on Friday observed a very strange phenomenon - a significant gap in the ruble exchange points from the official Central Bank rate and the interbank rate. Experts say the blame panic caused by rumors of devaluation of the Russian national currency. This past weekend exchangers lined up the queue. People on the background of mistrust of the Russian currency and the strength of fears the rumors about the ruble devaluation, tried to get rid of the national currency and invest in euros and dollars - and the price issue for many did not matter. Under normal circumstances, in exchange for money and the rate set by the Central Bank, rarely differ by more than 20 cents. However on Saturday the dollar buying rate of exchange in many points above the official on the ruble, or even two. Buy the same dollar cheaper than 28 rubles generally not possible.

The subsequent fate of the Russian currency in the hands of the Central Bank

Finansy26-10-2008 The fate of the Russian currency in the hands of the Central Bank this week CBR had strong support the ruble. Despite this, the dollar showed a maximum in the last few years a breakthrough in Friday trading is already above 27 rubles. Experts say: We can only guess what would have happened with the Russian currency, if not timely support for the central bank. Last week's events were extremely favorable for the dollar. "Investors were able to observe some of the most dramatic currency fluctuations that occurred in the market lately. Since the euro were holding pretty well against the U.S. dollar last week, under pressure from new negative factors reached a minimum of two years ", - said the chief dealer Bigness.ru GC" Forex Club "Alexey Trifonov. This week, according to financial analyst FxPro Alexander Kuptsikevich showed that the U.S. dollar at the moment can not stop either technical or psychological levels. "Meekly surrendered to the level of $ 1.30 per euro, the currency pair stayed at the bar only $ 1.27. But it can be prodavlena down as the volume of trading on the Forex market have fallen markedly, which added trading volatility, "- said in an interview Bigness.ru expert.

Is even worse: as the Ukrainian authorities to cultivate the crisis in the country

The global economy rules igry20-10-2008 got worse: as the Ukrainian authorities to cultivate the crisis in the country in a financial crisis is the entire planet. But at a time when all countries are trying to get out of it, Ukraine itself pushes himself deeper into a hole. The situation in the Ukrainian economy APB. Organized stock market virtually ceased to exist - the capitalization of Ukrainian companies in recent years has lost 80%, reaching a minimum of 2004. Inflation this year, according to the head of the Verkhovna Rada and a member of the National Bank of Arseniy Yatsenyuk, will reach 25%. Because of restrictions on foreign exchange operations, a 15% reduction in the flow of goods from abroad. For Ukraine, this is bad news, because this country is on average 70% dependent on imports. Increases and the panic investors. Ukrainians only the last two weeks removed from the accounts of the banks about $ 3 billion to the National Bank of Ukraine even had to introduce a ban on early withdrawal of deposits. Panic has under the foundation - Ukrainian banks by year's end will have to pay for the external borrowing of about $ 1 billion, and a clear idea of ??where to take the same amount, Ukrainian bankers do not have. According to the deputy head of the Federation of Employers of Ukraine Dmitry Oleynik, "the crisis has already touched 584 large industrial enterprises, about 4 million workers could lose their jobs."

When you do not have enough money - take up retirement savings

Rules igry26-10-2008 When you do not have enough money - take up the retirement savings Argentine President Cristina Kirchner has decided to nationalize the pension contributions of citizens (about 30 billion dollars). These savings Argentines trust the mostly European banks, in particular in Spain. The news of the transfer of pension money to Argentina under the wing of the state collapsed stock indices on the stock exchanges in Europe. Argentine president took such a hard decision for several reasons. Firstly, in a lack of liquidity 'long' contributions to pension schemes allow the state to pay interest on debts (they make up for today $ 13 billion). Secondly, Argentina is experiencing difficulties with the formation of the budget for next year. In 2009, pension contributions will be regarded as a state, and will arrive at the complete disposal of the state. In Argentina, about 25% of the population have such accounts and many of the retirees a negative attitude toward the decision, since the state announced that it will significantly reduce interest charges on deposits. As in Russia, the Argentine government pension funds managed savings of citizens on a more conservative strategy than private foundations.

The new blacklist of banks: the rumors - a weapon of competitive wars

Banks Finansy21-10-2008 The new "black lists of banks: the rumors - a weapon of war competitive financial crisis - is fertile ground for all sorts of speculation and rumors. Society electrified uncertainty and concern for their savings, and more susceptible to any negative information. On it and play all kinds of speculators - as stock, and political. Last show their activity in the street actions have offices of banks, as well as online. And, often throw in some specific rumor looks like an organized campaign. Own, there is no reason to assume otherwise. For example, youth who represent a "limonovtsa in Moscow has arranged several" meetings with investors "at the offices of some banks. Young people urged citizens not to pay for loans and to withdraw deposits. Mol, and so it will collapse soon - why sponsor a fall? In one of the Far Eastern town of unknown forces attacked Dalcombank with high technology by sending his clients an anonymous sms-messages with rumors of imminent bankruptcy. Following similar psychological attack from bank branches grow long queues of depositors, which in a few days emptying bank accounts. Such guileless technology impacts on specific banks from competitors. True, these attacks can not be described by point - the shock waves hit the panic and other banks.

Crisis free vacancies for the Russians

Karera15-10-2008 crisis of free vacancies for Russians Misfits army of unemployed migrant workers fill the expanse of Russia - these terrible pictures depict our union leaders. In their view, employers employing foreigners will have to take care of their expulsion from Russia after the dismissal. In the near future the Russian trade unions can take the initiative to reduce the quota on foreign labor - the chairman of the Duma Committee on Labor and Social Policy Andrey Isaev. He believes this decision right and necessary. In this regard, Isayev appealed to employers, in particular, working in the construction industry, where in the greatest number of attracting foreign labor force. And it is this sector particularly hard facing a financial crisis in the country, which entails the freezing of these projects and layoffs. "If the labor force is released, the duty and responsibility of the employer to ensure the return of the labor force in the homeland," - said Isayev. He noted that the construction sector, employers must provide comprehensible program for the use of foreign labor. Director General of Personnel Glasford International Valery Polyakov in an interview Bigness.ru sure now talk about the mass layoffs of foreign nationals still impossible.

The expert: the euro, "tired" to fall

Finansy20-10-2008 Judge: Euro "tired" to fall last week, as promised analysts, was again marked by a sharp rise in the dollar. Despite all the efforts of the EU countries to support its currency, the euro has not been able to pull ahead and consolidate its recent position. Experts believe that this trend will continue next week. After the recent catastrophic movements, stock markets and currency market Forex, according to financial analyst FxPro Alexander Kuptsikevich, took place last week respite. "The dollar escaped a major fall against the euro and the euro above $ 1.38 is not gone. The situation with the lack of liquidity, which has become an occasion for sales last week, has somewhat stabilized, but dramatic improvement is not followed, "- he explained in an interview Bigness.ru. Some support for euro, as told in an interview Bigness.ru chief dealer GK "Forex Club" Alexey Trifonov, had a meeting of leaders of 15 countries in the eurozone area, passed on Sunday. His most important result was the decision on guarantees of interbank loans, as well as government approval to redeem the securities of financial companies affected by the crisis. Also, earlier in the week it became known that the Central Bank eurozone, Britain and Switzerland are going to provide unlimited dollar loans to banks.

Weekly monitoring of changes in legislation from 6 to 10 October

Rules igry15-10-2008 Weekly monitoring of changes in legislation from 6 to 10 October to present to your attention the weekly monitoring of actual changes in the law for the period from 06 October to 10 October 2008, prepared by specialists of «Tenzor Consulting Group». In this issue of the review are the most important regulations that are of interest to Russian business. Particular attention should be paid to the regulations under the Economic Activities. Taxes and Finance Ministry of Finance Order from 19.08.2008 № 82H "On approval of administrative regulations on implementation of the Federal Tax Service of State responsibilities for maintaining a unified state automated information system for recording the volume of production and turnover of ethyl alcohol and alcohol containing products" is registered in the RF Ministry of Justice 01.10. 2008 N 12377. In accordance with administrative regulations of the state function performed by FTS, FTS control on the subjects of the Russian Federation and inter-regional inspectorate of the Russian Federation on the largest taxpayers.

"Global Crisis - is a sad joke the USA»

The global economy rules igry13-10-2008 Global crisis threatens the economic and political security of every nation, without exception. Bilateral and multilateral meetings of politicians of various countries are in the discussion of this issue. Do not be left without attention to meeting the presidents of some of the most influential countries in Latin America, Argentina and Chile - Cristina Kirchner, Michelle Bachelet, the third since last month. Bachelet described the economic crisis as a "bad joke", provoked by Western countries that "we have always (Latin America) pointed out, what to do, and now found themselves in a very difficult situation." "No one imagined even six months ago that the neo-liberal capitalist model of economic development will suffer a crushing defeat. We are in the Unasur (Union of South Latin American countries) are taking steps to ensure that the consequences of this crisis is minimal impact on the economy of our states. I regard as a bad joke the current economic crisis. Country, and especially the U.S., which always tell us what to do, now found themselves in a very difficult situation, "said Bachelet.

Expert: freelancer praise the name of the businessman - the brand

Karera16-10-2008 Judge: freelancer praise the name of the businessman - Free brand wants to be every man - free to think, speak and act ... of course, complete freedom is difficult to imagine in the 21 century, where all are concerned about building a career, but there are people who can afford to be independent, even work, call them - freelancers. Freelancer is literally translated from English as "free lance bearer," in a figurative sense - a free artist. In the Middle Ages freelancers called soldiers, recruited to financial reasons, not ideological or political nature. Today, according to the head of recruitment trends «IT / Telecom personnel center" UNITY "Kira Martanovoy, freelancer - a person who defines his own workload and is not a regular employee of any company. Is also a freelance worker, who was invited to perform work during outstaffing. Being outside the regular staff of any company, a freelancer can simultaneously fulfill orders for different customers. Widespread frilanserstvo gained with the development of the Internet: network and related information and banking technologies have allowed certain workers to reduce the frequency of appearance in the office, and then switch completely to work remotely.

Russia - a generous soul - October 15, 2008

The global economy rules igry15-10-2008 Russia - a generous soul - October 15, 2008 Russia writes off the debts of the poorest countries and spending billions of dollars to rescue a distant Iceland. At the same time inside the country whole industries suffocate from a lack of money. What is the meaning of the actions of the Russian government? Russia is currently considering the possibility of full cancellation of debts of the poorest countries that do not fall under the criteria for official development assistance. Surrounding the government's plans envisage cancellation of debts worth $ 750 million in total over the past two years Russia has written off debts of poor countries about $ 10 billion Also this year our country has "settled" Iraq's debt - debt "revised" as much as $ 12.9 billion As a thank you, the Iraqi government squeezes the Russian oil companies out of Iraq in favor of corporations from the U.S. and the UK. Something else about 4 billion euros Russia will give Iceland a loan. Today the delegation headed by officials of the Central Bank of Iceland has arrived in our country to negotiate for assistance. For this icebound island, lost between the U.S. and Europe, Russia remained the only hope for salvation from complete economic collapse.

Expert: time to prepare Russia to the crisis has already lost

Finansy13-10-2008 Judge: time to prepare Russia for the crisis had already missed troubled banks, undeveloped stock market and "a false sense of complacency" - that is what brings us together today with the situation that preceded the 1998 default. Much of the time to prepare the system to the crisis has passed, said scientific director of the Institute of Financial Studies Andrei Vavilov (hereinafter - AV), is a former first deputy finance minister. In an interview Bingess.ru he called the most vulnerable places of the Russian economy during the crisis. Bigness.ru: - What specifically do you see parallels between today's situation and the pre-crisis time of 1998? What is common? AV: - In the first place - then and now - is the weakness of the financial system. Troubled banks, undeveloped stock market - the Achilles' heel of the Russian economy. What else unites the current situation with 1998, so it's a false sense of complacency, the illusion of security. Then it was due to economic illiteracy, and now - the presence of reserves to rely on that in the long run, of course, impossible. Bigness.ru: - What are the new threat (compared to 1998) appeared in the Russian economy?

Who, besides us? CIS were gripped by financial malaria

The global economy rules igry06-10-2008 Who besides us? CIS were gripped by financial malaria center and periphery epicenter of the current financial crisis, which has become the world thanks to globalization, the USA. This is - a medical fact beyond doubt. It would be logical to assume that the farther from the epicenter you are, the less you suffer. In that case, of course, if the system is built more or less true. Let us now see what happened in reality. Russia is the clear, at least, a regional leader, but in a financial sense, refers to the emerging markets. Her weight category - it is conditional BRIC group, which besides Russia includes Brazil, India and China. Indeed, during the current crisis in these countries there are very similar processes. During the year the stock markets of the BRIC countries have lost about 60% (+ / -5%) of its capitalization. At the same time, the loss of U.S. broad market index S & P 500 during the same period did not exceed 30%. What is the capital of the best: public, private foreign language?

A collapse in property prices in Russia - or not to be

Nedvizhimost13-10-2008 collapse of property prices in Russia - or may not be the real estate market meltdown in Russia - this debate, this waiting, this fear. Whatever it was, but now the price per square meters are under the greatest pressure than it has ever been since the collapse of the Soviet Union. Bankers believe the inevitable collapse of prices and adjust their strategy in response to this factor, as market players are on their - a significant drop in prices they will try to avoid it. While the experts argue, the representatives of the banking sector, is actively working in the mortgage sector, looking at the fall in prices, as inevitable. RosEvroBank "could not stand the first sending out many of his clients mortgage letter offering to pay 30% of their loan until 15 November 2008. The main reason for the request, representatives of the bank called the coming collapse in housing prices. Such developments would reduce the value of collateral on the loan. And in this case the bank would simply must, in accordance with the instructions of the Central Bank to take measures to offset the devaluation of mortgage borrowers. Moreover, if borrowers do not prove sufficient material resources, they pledged assets at risk to go under the hammer.

Dollar rises to a crisis, the ruble falls on oil

Foreign Exchange Market Finansy13-10-2008 dollar rises on the crisis, the ruble falls to the signing of the oil plan "to rescue" the U.S. economy this past weekend gave, as predicted by experts, a sharp jerk of the dollar against the euro and the ruble. Analysts believe that the U.S. currency will retain an upward trend against the background of instability in the financial system and will not fall below 25 rubles to the dollar, at least until the end of this year. From the first day of last week, concerned investors, coming out of the carry trade transactions in anticipation of mass reduction rates central banks of leading countries, has led to instability of the euro. "In addition to this factor, on Monday reported that a meeting of European leaders, heads of state failed to agree on a coordinated plan to combat the credit crisis, expressing the view that each country must deal with the evolving financial crisis on an individual basis" - said in an interview Bigness.ru chief dealer GK "Forex Club" Alexey Trifonov. On Tuesday, U.S. Federal Reserve announced a program of redemption of commercial paper from issuers. These messages, as well as Ben Bernanke's speech in Washington, during which he hinted at a possible reduction in the basic interest rate the U.S. exerted pressure on the dollar. And the European currency has tried again to return the former value. Markets, according to financial analyst FxPro Alexander Kuptsikevich, continue to bear heavy losses.

Deposit insurance - not a panacea against default?

Banks Finansy09-10-2008 Deposit insurance - not a panacea against default? Deposit insurance system - a reliable protection of deposits of citizens, but it is not designed for large-scale crisis. If the state does not want to lose the banking sector, he would have to compensate for the contributions to the burned-out banks from their reserve funds. Authorities seek to stem panic among the citizens, so they do not run on a rumor about a crisis withdraw their deposits from banks. Banks are suffering from the credit (and already debt) crisis, not bear scare investors - panic can lead to disaster in the financial sector. "Today, investors have no reason to fear for their savings, efficient system of deposit insurance", - said Russian presidential aide Arkady Dvorkovich in an interview with Deutsche Welle. Moreover, the deposit insurance system deputies want to "improve". At the meeting of the State Duma adopted on first reading a bill on raising the level of insurance reimbursement for private contributions to 700 thousand rubles. We recall today the maximum amount of insurance compensation for private deposits is 400 thousand rubles. It is obvious that the main objective of this measure - a purely psychological. On the background of rising interest rates on deposits by some banks, it can calm people and encourage them, if not make new contributions, at least not to withdraw money from deposits.

And the crisis, and for clean air: Europe's car industry will receive large subsidies

Automotive Proizvodstvo07-10-2008 and the crisis, and for clean air: Automotive Industry in Europe receive large subsidies followed by automotive companies with which the U.S. Congress is going to allocate $ 26 billion for the development of cleaner vehicles on state support begged and their European counterparts. Automakers in Europe, yesterday accused the Americans of state protectionism and unacceptable breach of competition rules by the European Commission requested $ 55 billion - to escape from the crisis and the development of "green" technologies. Bigness.ru expert believes that at least part of this amount they actually receive. A week later, after the U.S. Congress began hearings on the allocation of the three largest U.S. automaker - GM, Ford and Chrysler - the soft loan of $ 26 billion for the production of more fuel-efficient cars, a similar initiative made by the Europeans. Association of European car manufacturers (ACEA) appealed to the European Commission with a request for 40 billion euros ($ 55 billion). European carmakers say that the amount they need to overcome the financial crisis, the development of environmentally friendly cars (with low fuel consumption) and cover the costs of reducing carbon emissions, the new rules which come into force in the EU in 2012.

Experts: strengthening of the dollar will not be long term

Foreign Exchange Market Finansy06-10-2008 Experts: The strengthening dollar will not be long-term past week very grim impact on the global economy - low liquidity, disappointing economic data around the world, the overall uncertainty and risk aversion. All this has led to feverish movements in the global currency market. But analysts argue that today the situation should change. U.S. dollar, which opened after the weekend with a break against the euro on speculation the plan Bernanke and Paulson on the economy out of crisis, could seriously enforced against them throughout the week, as the banking crisis, the U.S., raised and Europe. "European Bank for en masse, or under the control of the state (British Bradford & Bingley, Fortis), or received support from the governments (Glintnir, Hypo Real Estate, guarantees the Irish Government's conservation contributions. The situation on the international money market is that interbank lending is actually frozen, and negotiations are under way for a loan on any terms, "- said in an interview Bigness.ru FxPro financial analyst Alexander Kuptsikevich. In the euro area all the louder the talk of the need for coordinated action, as was done in the U.S., he said.

Judge: Government will not allow the decline in construction in Moscow

Nedvizhimost07-10-2008 Judge: Government will not allow the decline in construction in Moscow Debt problems of sunk, and until the construction companies. They do not have enough money to finish its construction and repay the loans. National characteristics of the construction business and the global credit crisis brought many players to bankruptcy. Failure to meet debt obligations in the near future may lead to metropolitan builders bankruptcy, recently said Moscow Mayor Yuri Luzhkov. Earlier, Luzhkov said that companies who find themselves in difficult financial situations will be helped "through grants, as well as the redemption of shares of individual companies." Now, the Moscow government has come to a common decision to provide financial assistance amounting to $ 2 billion to developers of housing that have special problems with liquidity. For an explanation of the issue of the Moscow real estate market Bigness.ru addressed to the deputy head of the Analytical Center IRN.RU Boris Derevyagin. "In a crisis situation at the moment are mainly smaller companies, because they have the least amount of reserves and the ability to attract additional funds. As for large companies, in this case, we can hardly go on the bankruptcy "- the analyst said.

How to survive the financial crisis?

Finansy08-10-2008 How to survive the financial crisis? How to behave if Russia still utyanet into the whirlpool of the global financial crisis? On what to save, what kind of job search and in what currency to borrow? Above this is worth considering as worst predictions did not seem to be panic-mongering. The collapse of the financial system will change the lives of most Russians. Experts warily glancing at the falling stock market - in fact it is only a leading indicator of the negative trends, which leaves the world economy. Should not "wear rose-colored glasses and think that the crisis concerns only a handful of speculators, says deputy director of analytical department of Antanta Capital Potavin Alexander. It can literally touch everyone. How long will this global crisis, and what consequences it will bring, now nobody knows. Almost every week the world's central banks and the IMF are doing more and more gloomy forecasts for the coming years. "The collapse of stock exchange quotations, the tightening of credit contraction of liquidity, growth rates, curtailing investment programs, and will certainly affect the Russian economy, and at the household level. In less than a few months, as we will see a significant increase in Russian army of the unemployed, a fall in property prices and used car "- said the expert.

The triumphant return of the teachings of Marx and Engels

Rules igry08-10-2008 The triumphant return of the teachings of Marx and Engels 'The global financial crisis that destroyed the well-established among the many economists' belief that unregulated market capitalism - is the best way economic relations. In Western countries are rethinking this postulate of neo-liberalism. State "nationalize" ruined one after the other major banks and insurance companies. In addition, some countries are constitutionally enshrined "the construction of the 21 st century socialism." In this regard, an increasing interest in the seemingly long "buried" the teachings of Karl Marx. "Marx will not return as a political mastermind of the left, in his teachings do not need to seek political programs, but he correctly described the laws of capitalist development", says Eric Hobsbawm (Eric Hobsbawm, more - UMD), perhaps the most famous living historians . He gave an interview to the Argentine newspaper Sin Permisso (hereinafter - SP) on the eve of the publication of his new book «Karl Marx's Grundrisse. Foundations of the Critique of Political Economy 150 Years Later »(« Manuscripts of Karl Marx. The main criticism of political economy 150 years later).

Mortgage curled

Banks Finansy02-10-2008 Mortgage curled up over 60% of Russian banks involved in mortgages, stopped or significantly reduced and udorozhili loan program home purchase. Thus, banks have decided to wait out the "time of troubles." Those who are counting on the mortgage, apparently, is also better to lie down on the bottom. A year ago, reported that Moscommertsbank suspended issuing mortgages stir among the public. However, predictions about the mass of this phenomenon is only now coming true. One after the other banks are reported to reduce their lending programs. Today, for them joined the Moscow Credit Bank (ICB). "For mortgage loans, we have stopped issuing. And be honest about this pledge. No one has any understanding of the value of money "- told reporters the president of the bank's Roman Avdeev at a press conference. His deputy, said that the issue has ended 10 days ago and will start, tentatively, until November. A few days earlier the chairman of the Board of Directors of Home Credit and Finance Bank - one of the leaders of the consumer credit market - said the bank will soon stop lending to mortgages and buying cars. Another notable player - Raiffeisenbank has recently announced the closure of mortgage programs to purchase apartments in the primary market.

Monitoring changes in legislation, from 22 to 26 September

Rules igry30-09-2008 Monitoring changes in legislation, from 22 to 26 September to present to your attention the weekly monitoring of actual changes in the law for the period from September 22 to September 26, 2008, prepared by specialists of «Tenzor Consulting Group». In this issue of the review are the most important regulations that are of interest to Russian business. Particular attention should be paid to the Law of the Moscow region from 19.09.2008 N 122/2008-OZ "On the simplified taxation system on the basis of a patent on the territory of Moscow Region. Taxes & Finance Government Decree of 15.09.2008 № 691 "On approval of provisions on licensing of foreign trade operations with goods, information, works, services, results of intellectual activity (the rights to them) in respect of which export control" establishes the rules for issuing licenses for implementation of external operations at a controlled product. Regulations set the documents necessary for obtaining a license, defined the grounds on which a license may be denied or its effect may be suspended. The annexes to the Regulations refer the application form and the form of license form.

Housing a billion - who buys sverhdorogih housing in Moscow?

Nedvizhimost02-10-2008 Accommodation for a billion - who buys sverhdorogih housing in Moscow? Moscow is going crazy: every now and then there are messages on the sale of apartments for tens of millions of dollars. Rare city in the world can boast of such price tags for real estate. But do not take for granted the legend of sverhdorogih apartments that are like hotcakes, selling out the oligarchs. The sale of such objects a delicate matter and troublesome - a few customers know the price of every dollar. The Russian media on the eve passed the information on the sale of apartments in certain elite house "Copernicus", which supposedly was worth about 67 million euros. However, according to experts, this price is unrealistic, even for Moscow, famous for its "exorbitant" prices for real estate. "I know very well this object, these prices there's never been. For what these messages were written and why - remains a mystery, "- shared with Bigness.ru Head of residential sales at Blackwood Oksana Diveevo. House "Copernicus" is a set of 6 sections with different number of floors from 6 to 15 floors and comprises 114 apartments ranging from 100 to 660 square meters. m. The project combines residential building with five-star service. Hence, as in the palms, is visible to the old Moscow, with golden domes and quiet streets.

In Russia, the staff began "cleansing»

Karera08-10-2008 in Russia started staffing "cleansing" fiasco of the modern global financial system has become a personal tragedy for thousands of adherents worldwide. Financial managers, investment analysts, salespeople of their services - all of them more in labor exchange. As if they hang the blame for the financial crisis. Following the Western countries, where financial crisis has already led to massive human resources "stripping" in investment companies, a wave of layoffs has reached Russia. Thus, in the media have information about that investment group Antanta Pioglobal "was forced to part with more than half their employees. Our sources indicate the market - stripping, though on a smaller scale, there are all significant players in the financial sector. The process of "cleansing" of investment professionals is gaining momentum, said in an interview with the managing partner Bigness.ru Personnel Center "Unity Finance Julia Vinci. "If two or three weeks ago, it was within 5%, it now appears to have appeared resume, more than usual at 15 percent sure" - said the expert. According to her observations in the first place "in the flow" are analysts, investment managers and consultants.

Small banks will soon "dusting»

Banks Finansy17-09-2008 Small banks soon "wallow" Russian banks are giving up. Is about to begin a series of bankruptcies, experts predict. Several lending institutions have already experienced problems in payments to contractors due to lack of liquidity. State support, which is so much talk will not save the "detail". According to the expert Bigness.ru executive director of the "Expert Institute" Andrew Neshchadin, "Small banks will soon" dusting "as cheaper loans for them, they carried a" hill "are over. The big banks, the state, of course, support. Enough to see who communicates with Milovidov Kudrin and Ulyukayev, and they get the money. The money will go to the parastatals - Sberbank of Russia, VEB, VTB, Gazprombank, etc., and only then they will distribute the money to other banks - those who love them. But will they give money to the competitors? "- Questioned the expert. Meanwhile, the "pour" system seems to be already beginning. Several Russian banks have problems with payments to contractors due to lack of liquidity, acknowledged Deputy Prime Minister and Finance Minister Alexey Kudrin, informs RIA Novosti news agency. "This liquidity at the moment is not enough for several banks. They decide that question. In addition, banks are now holding talks with strategic investors to join the capital of banks ", - he said.

The real estate market from the stock exchange is coming wave of panic

Nedvizhimost17-09-2008 The real estate market from the stock exchange is coming wave of panic Hurry, it's time to sell real estate. The farther they fall stock markets, the stronger will depreciate square meters, the general director of the analytical laboratory "Vedi" Alex Vedev. He is inclined to believe that the collapse of the securities will reduce the cost of real estate: "The problem is investors are not only what to do with the money now, however, and the stock market is good for shopping. The problem is that the real estate market is partly used for on-lending, it gave bail. Because now the absolute lack of liquidity, these liens can simply be implemented by banks, then there can be movement toward a sharp drop in prices of mortgage ", - he said in an interview Bigness.ru. If we talk about the stock market, bonds, assuming that the stock panic, the money becoming more expensive all the stronger by the day, therefore, worthless, and all liens, continue to our expert. "A number of banks, finance companies, which are tied to financial markets, will sell bonds, to avoid technical defaults", - said A. Vedev.

Panic - to achieve the blow from the Russians

Banks Finansy17-09-2008 While officials and experts of all stripes soothe each other, declaring that "the fundamental reasons for the crisis is not" ordinary citizens fill gaps in information and knowledge rumors. The situation is close to panic. The dramatic collapse of the ruble in dozens of times, the deficit and the failure of the Savings Bank - such forecasts generously share with each other nationals. Taxi drivers, vendors of food tents, as well as Roma in the subway cars better than any investment analyst talk about the coming financial storm. As bank branches have not yet been restless crowds of depositors, but the news from the financial fronts come bleak. Yes, the mega-insurance group AIG had a chance to rescue from bankruptcy. Saving loan from the U.S. Federal Reserve in the amount of $ 85 billion worth of insurance group independence - for the promise of a loan corporation had to pay the state nearly 80% of its shares. Thus, AIG became the third largest company, nationalized the White House last week. Recall, last week it became known that under the Stars and Stripes Wing crossed mortgage agencies Fannie Mae and Freddie Mac, owning or acting as guarantors for half of all mortgages in the U.S..

Expert: Russian financiers for a rainy day has arrived

Banks Finansy01-10-2008 Judge: Russian financiers for a rainy day has arrived Russian financial system may soon enter into a new act of a liquidity crisis. Numerous banks and brokers are already on the verge of death in the confusion of the stock markets. Experts believe that the government time to "uncork a bottle of public funds and hidden on a rainy day, because this moment has come. On Wednesday at the conference "Capital markets. Russia amid the global financial crisis, "the first deputy chairman of Bank of Russia Alexei Ulyukayev said that perhaps a number of professional participants of the stock market - in particular, the brokerage firms - have to get a banking license. In exchange, according to deputy chairman of the Central Bank, they will be granted additional access to liquidity, along with those who are now used by Russian banks. To this end, according to Ulyukayev, the CBR has more to know the situation with balance sheets and professional traders have access to their statements - that is, the Bank of Russia will require supervisory functions for investment companies. "If access to the broker of information will be made on reasonable terms, I think this is partly to help resolve the situation with liquidity" - said in an interview Bigness.ru analyst at the investment company Veles Capital Michael Zak. The same expert added that now is the time to use gosdengi, postponed for "rainy day" to the stock market no one died "a hero's death.

Why Moscow's roads is more expensive Hadron Collider

Nedvizhimost29-09-2008 Why is Moscow's way more expensive than the LHC line kilometers of the Large Hadron Collider, stuffed with high-precision electronics and two times cheaper than the same length of road in Moscow. Journalists now and then throw quite subtle hints at the excessive corruption of the road sector. Reference: The Large Hadron Collider (English Large Hadron Collider, LHC; abbr. LHC) - an accelerator of charged particles in colliding beams, designed to accelerate protons and heavy ions (lead ions) and study the products of their collisions. Collider built at the research center of the European Council for Nuclear Research (Fr. Conseil Europeen pour la Recherche Nucleaire, CERN), on the border of Switzerland and France near Geneva. As of 2008 the LHC is the largest research facility in the world. Large tank named because of its size: the length of the main accelerator ring is 26.7 kilometers; Hadron - due to the fact that it accelerates hadrons, ie particles composed of quarks; Collider (English collide - face) - because the fact that the particle beams are accelerated in opposite directions and collide in special places.

Lazy strategy of the Central Bank has saved $ 70 billion

Banks Finansy26-09-2008 Lazy strategy of the Central Bank has saved $ 70 billion, the Central Bank of Russia not only lost their money, but earned on U.S. mortgages. Scandalous mortgage securities by Fannie Mae and Freddie Mac brought the Russian government a profit of $ 1 billion this joyous news said Russian presidential aide Arkady Dvorkovich in conversation with students at the International University in Moscow: "In fact, the value of bonds of Fannie Mae and Freddie Mac even increased . Recall that the central bank in 2007, invested in bonds of U.S. mortgage agencies 2000000000000 475 000 000 000 388 100 000 rubles (a little over $ 100 billion). "Investments in institutions such as Fannie Mae and Freddie Mac, down from over $ 100 billion to less than $ 30 billion Thus, our risks relating to the American economy, is seriously reduced. But they are, in such investments is always a risk, "- said Dvorkovich. Assistant to the President noted that the Bank of Russia to reduce the risks to shift some assets in the European assets, mainly deposits of state and quasi-banks ". As the central bank failed to win on the securities of Fannie Mae and Freddie Mac, despite the fact that the quotations of bonds of mortgage agencies were falling on the stock exchange? Due to the highly intellectual management and tricky games with attachments?

Washington Saves the national car industry

Automotive Proizvodstvo30-09-2008 Washington saves the national car industry in the upcoming elections, American politicians are ready to pledge support to anyone. Hit this week should be a decision to support the government of national U.S. automakers - the "big three of Detroit» General Motors, Chrysler and Ford. It is about the allocation of road concerns long-term loan of $ 26 billion The decision on Tuesday endorsed U.S. House of Representatives. Declared that the money will be spent on renovations of factories and development of new models, especially small car and hybrid. Concern is not idle. Recall that the new U.S. energy strategy is expected to reduce dependence on hydrocarbons, including transportation. Under this plan, in late 2007, U.S. President George W. Bush signed the "Energy Act", whereby in 2020 the U.S. will not be allowed to travel by car consumes 6.6 liters more fuel per 100 km. The law will be implemented gradually, and the first restriction will come into force in 2011. $ 26 billion - a lot or a little? Despite its size support automakers certainly remain dissatisfied with her. Thus, representatives of General Motors evaluate its contribution to "green cars" as referred to in the U.S. clean car, no less than $ 50 billion of this kind of speculation can be expected from colleagues and GM «on the shop floor."