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. Last Updated: 07/27/2016

09/09/2005

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Press Review

A brief look at the stories making headlines in the Russian-language press

Animal Instincts Laid Bare in New Orleans

The big lesson of hurricane Katrina is not about the incompetence of the administration of U.S. President George W. Bush, the scandalous neglect of poor black people in the United States or the country's unpreparedness for major natural disasters, though all of those apply. Katrina's big lesson is that the crust of civilization on which we tread is always wafer thin.

When Hope Doesn't Spring Eternal

Russian and English have some similar expressions for hopes cherished and hopes dashed.

Death and Irony Haunt New Orleans

Having been devastated by hurricane, the Crescent City has become a crucible of the morbid and the absurd.

Business in Brief

Reserves Rise to $150Bln Foreign currency and gold reserves rose for a second straight week, after declining from a record $151.8 billion as the government made early repayments on some of its foreign debts in July and August. Reserves rose to $150.4 billion as of Sept. 2, from $148.2 billion on Aug. 26, the Central Bank said Thursday in a statement. (Bloomberg) Treasury Bond Sale The Central Bank on Thursday sold 5.98 billion rubles ($212 million) of OFZ treasury bonds from its portfolio at an average annual yield of 7.08 percent to 2012. The Central Bank has treasury bonds following a deal to restructure domestic debts, on which the government defaulted in 1998. (Reuters) Refining Up 7% Russian refining runs rose 7 percent in July from June as oil firms rerouted more volumes to the domestic market because of high crude oil export duties, Industry and Energy Ministry data showed Thursday.

Report: Ford Facing Tax Claims

Ford's Russian plant is facing a ""large"" back tax claim, Interfax reported Thursday, citing an unidentified source in the Leningrad region tax authority.

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