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2016: The next financial and banking crisis

2016: The next financial and banking crisis

How do banks make money? Interest! Taking deposits from their clients and invest the money in different products, making interest to pay the bank's expenses and to create attractive investments for new clients by paying interest. But what happens when the markets do not only give no interest at all, but negative interest? The banks lose money and..

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Russia

Russian economic achievements in 2015 defy crisis

Russian economic achievements in 2015 defy crisis

Despite the crisis, the Russian economy did not collapse in 2015. The decline in GDP in 2015 made up only four percent, although in 2009, the index was larger - eight percent. Such an insignificant decline in GDP against the backdrop of the closed financial market is obviously an achievement for the Russian economy

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Society

Winter Holidays: New Year, Christmas, Epiphany

Winter Holidays: New Year, Christmas, Epiphany

Every winter holiday, be it New Year, Christmas or Epiphany have certain traditions of its own.The following holidays are considered traditional winder holidays: New Year celebration (December 31), Christmas (January 7), time from Christmas to Epiphany called Christmas-tide (Rus. "Svyatki"), and Epiphany on January 19

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Opinion

An American Christmas Crutch

An American Christmas Crutch

Allow me to preface the following by making perfectly clear that I like Americans. At least, the ordinary American people. By and large they are generous, kind and friendly; or in other words, they display the exact opposite traits of their atrocious political leaders

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Business

United States: money, an important voter

United States: money, an important voter

Lord Money is the main constituent in the United States, where 158 families, obviously multimillionnaires, are the main donors in the current campaign of the Democrats and Republicans to win the White House in 2016. You pay a million dollars in taxes and get a million votes.

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History, traditions

UNESCO recognizes work of Che Guevara World Heritage

UNESCO recognizes work of Che Guevara World Heritage

The United Nations Educational, Scientific and Cultural Organization, recognizes the writings of the revolutionary as World Heritage. The documents were included in the Memory of the World Programme. This program has in its record 299 documents and collections from five continents now has 431 manuscripts of Che and documents about his life and work

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Health

Ebola Virus Disease epidemic: Optimism at last

Ebola Virus Disease epidemic: Optimism at last

Two years after the Ebola Virus Disease saw its first chain of transmission in Gueckedou, Republic of Guinea, in late December 2013, the World Health Organization has announced a 42-day period without any cases of transmission of this disease, meaning the beginning of the end of the virus in this country.

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After Moscow – has everything suddenly changed for Serbia?

After Moscow – has everything suddenly changed for Serbia?

Serbian EU integration process seems to inevitably go towards its total fiasco. This has of course been rather foreseeable for years, yet ‘EU integration’ was an ideological mantra, stubbornly...

November 7: The eternal values of the Revolution

November 7: The eternal values of the Revolution

November 7, 1917, the Great Socialist Revolution in Russia. Medieval and feudal values were swept aside and people's power was internationalized, creating public services of excellence, making...

The future of Turkey-Russia relations

The future of Turkey-Russia relations