Word: levelizers
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Today, Russia's finances look a lot less robust. The government budget was based on oil at $70 per barrel, way above the current ? level, and it will consequently swing into deficit next year for the first time since 2001. The stock market has dropped more than 70% in the past year, as the nation's business élite dumped stocks to repay the huge loans they took out to finance acquisitions in Russia and abroad. Capital is fleeing - investors have pulled about $190 billion out of Russia since August - and the ruble is under pressure...
...estimates that companies will lay off about 200,000 workers over December and January, but that's probably an understatement. Yevgeny Gontmakher, an economist who heads the Russian Academy of Sciences' Social Studies Center, expects that Russia's official unemployment rate, long below 6%, will be twice that level...
...their openings in front of high-potential recruits. The site tries to weed out unqualified applicants by charging $30 a month or $180 a year to access listings for such positions as accountant, financial analyst or director of sales, as well as more unusual jobs like "senior-level food technologist" or "business-strategy ninja...
...campus of Lafarge, just outside the French city of Lyons. The world's largest cement company, with sales of $22.5 billion in 2007, Lafarge has set itself the goal by 2010 of cutting its net CO2 emissions for every ton of cement it produces to 20% below the 1990 level. But it is also steaming ahead with research efforts into smarter, stronger and less polluting products, including ultra-high-performance concrete. Research director Casanova traces the path of innovation back to the 1980s, when the first big gains were made in improving the resistance of concrete. In the two decades...
Everybody has a high level of respect for each other, but sometimes, like in any family, you talk politics and it gets a little heated. MSNBC right now is a free marketplace of ideas where everybody's invited and opinions clash. But all's well that ends well...