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Ender
WayToRussified
Joined: 23 Aug 2006
Posts: 302
Location: Ural mountains
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 Posted: Fri Aug 29, 2008 12:02 am Post subject: |
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| ojjo8 wrote: | | the possibly biggest lie i've seen in newspapers was when Russia claimed parts of the North Pole as their territory, most probably because of possibilities to find oil and other valuable raw materials at the bottom of the ocean here. |
Please quote statement from Russian authorities where they assert that north pole is part of Russia. I've heard completely opposite from S. Lavrov.
| ojjo8 wrote: | | Having this said, i agree with you to some extent that the US media is far from a "free press", especially Fox News. However, not wanting to brag or anything, i would say the Scandinavian countries has one of the freest media in the world. |
You got me. "Gazprom" media same as western media. Both use fakes. I'm worried by one question. Why they make so idiotic fake like inclusion of 2 sec absolutely unnecessary video fragment about same submarines but from another movie? Where other nations seek political gains (black=white and white=black) our media tries to cheat on 5 cents and immediately get caught. How stupid, how Russian. Smart one should gather all corpses of georgian soldiers lying on the streets, strip them, place into stockpile, make photo shots and declare them as ossetian. Our correspondents so stupid. Shame on us. 
As I said before, in order to get truth and understanding of situation one should use different sources, compare them, analyze them, think about them. In Russian this is called "healthy scepticism". |
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Paul Holmes
VIP
Joined: 12 Apr 2005
Posts: 969
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| Posted: Fri Aug 29, 2008 12:14 am Post subject: |
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The west strike back
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Russia weighs buying stocks: lawmaker
* Article
* Comments Comment
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The Associated Press
August 28, 2008 at 4:39 PM EDT
MOSCOW — The Russian government is considering investing in the financial markets to break a weeks-long fall of local stocks, a senior lawmaker said Thursday.
“I think the time has come for the state to step in discreetly and invest,” said Pavel Medvedev, a member of the State Duma's financial markets committee. “The idea is being discussed — in the Duma and, more importantly, in the government.” He would not specify the proposed amount of investment.
Mr. Medvedev also warned that the declining markets are potentially threatening the national banking system. Russian banks keep some of their assets in stocks; the current situation forces the banks to sell them. At the same time, under Russian law, banks that lose more than 20 per cent of their capital within one year come under investigation.
The lawmaker said a state investment will not only bring more money to the market but, more importantly, “it will send a positive signal” to investors.
Market-watchers say they have heard rumours about a government plan to buy stocks worth $1-billion (U.S.) to $20-billion.
Timur Nasardinov, chief trader at investment bank Troika Dialog, said a $5-billion to $10-billion buy would give a tremendous boost to the market, which is now at its lowest value since 2006. “This move would turn the situation around dramatically,” he said adding that it would have both a psychological and a financial impact.
Other experts doubted that the long-term effect would be positive. Sergey Karykhalin, chief analyst at Kapital investment bank, says the idea is brilliant in theory, but practice in the Gulf countries has shown that a market can get too dependent on state subsidies and fall far below the level of the preceding crisis once this support is withdrawn.
As an alternative to a direct intervention, Mr. Karykhalin named such economic tools as lowering taxes.
Russia's major indexes have been particularly weak in the past months, battered by a long-running shareholder struggle at the British-Russian oil venture TNK-BP and a public attack by Russian Prime Minister Vladimir Putin against steel maker Mechel. Russia's five-day war with Georgia this month, combined with a sharp drop in oil prices last week, have further shaken investor confidence.
Alexander Morozov, chief economist at HSBC in Moscow, said the only way to achieve sustainable market growth is to improve the investment climate, which has been badly hurt by the recent developments.
Russia's relations with the U.S. and Europe soured further after Russia recognized the independence of Georgia's two restive regions. The same day, Mr. Putin said Russia was poised to freeze some agreements relating to its World Trade Organization accession.
Last year, the Russian government encouraged first-time investors to buy stocks of state-owned banks Sberbank and VTB, in offerings dubbed as “people's IPOs.” Since those stocks are now trading much lower than at the time of the placement, the declining market “has become a political and social issue,” which may force authorities to support their quotes, Mr. Morozov from HSBC said.
Russian stocks have been on a moderate rise for the past two days after sliding for weeks.
The RTS benchmark closed 4.09 per cent higher on Thursday. The dollar-denominated MICEX gained 4.81 per cent.
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