Russian shares suffered their steepest one-day fall in more than a decade on Tuesday, losing up to 20 per cent, as a sharp slide in oil prices and difficult money market conditions triggered a rush to sell.
The heads of the Russian central bank, the finance ministry and the financial market regulator met on Tuesday night for an emergency discussion on ways to halt the crisis.
Earlier, trading had been suspended on both the Micex and RTS stock exchanges as investors ignored assurances by Russian officials and a cycle of distrust set in amid liquidity fears.
Tuesday, September 16, 2008
Market Crash
You think our stock market has problems? Try a country absolutely dependent on exports with a history of public corruption as wide as the Volga and a mile deep.
Friday, September 12, 2008
Obama? Magua?
Wednesday, September 10, 2008
Another "Almost a Darwin Award"
There's a lot of water. Here. And bridges. And draw-bridges. Please, don't believe what you see in the movies.
A motorist fleeing police tried — and failed — to jump across an open drawbridge in Chesapeake on Tuesday afternoon, and emergency workers had to pull the driver and his car out of the Elizabeth River.
Michael Christopher Mills, a 38-year-old Chesapeake resident, was wanted on four counts of identity theft. After his escapade on Tuesday, he has also been charged with felony disregarding of police.
Saturday, September 06, 2008
Tropical Storm Hanna
It's not much as these things go. I'll post an update if it changes.
Labels:
Gloucester Point,
weather
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