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The U.S. economy has fallen to a record

Real US GDP for the second quarter of 2020 fell by 32.9% yoy, data from the Bureau of economic analysis at the U.S. Department of Commerce. This is a record drop in U.S. GDP for the quarter since 1947, when the U.S. government began to collect such statistics, according to …

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The price of gold first broke the barrier of $2000

The price of gold jumped on Friday morning by 1.44% to $1995 per Troy ounce, according to data the American stock exchange Comex. The maximum value during the trading session was $2005,4, according to RBC. Thus, the price of gold for the first time in history exceeded $2000 per ounce. …

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Exchange rate of the dollar broke the mark of 74 rubles

The Russian national currency continues to lose ground to the dollar and the Euro during today’s trading on the Moscow exchange, with the U.S. currency for the first time since may 14 exceeded 74 rubles. As of 12:18 Moscow time the dollar calculations “tomorrow” has jumped by almost 91 kopecks …

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The government forces officials can’t manage the economy

There is another well-established myth that the government can manage the economy. That there might also be some other “better” officials, who suddenly start to act like entrepreneurs but will work for a salary, not taking bribes and not getting “kickbacks”. All management of the economy under Putin has been …

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Why China fell in love with fiction

Many refer to books as entertainment. Meanwhile, China in 90 years, launched a national support program of science fiction. Why is it necessary and how did China’s largest electronics manufacturer. Today China is one of the most powerful economies in the world, one of the leading manufacturers of electronics, and …

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Our tomorrow — a dollar for 85 rubles

After “zeroing” of presidential terms Russia waiting for “zeroing” of the economy and the new 1998, economists say. Ahead of another “black August”. Should we wait for devaluation and redenomination of the ruble, or cost, were discussed by experts at a press conference in NSN. First Deputy Chairman of the …

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