RUSSIA'S OIL CRISIS AND REGIONAL DEFICITS Colleague Michael Bernstam, Hoover Institution. Russia faces a financial crisis as oil prices drop below $60 per barrel. Michael Bernstam explains that increased global supply forces Russia to sell at deep discoun

Season 8, Episode 287,   Jan 09, 12:55 AM

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RUSSIA'S OIL CRISIS AND REGIONAL DEFICITS Colleague Michael Bernstam, Hoover Institution. Russiafaces a financial crisis as oil prices drop below $60 per barrel. Michael Bernstam explains that increased global supply forces Russia to sell at deep discounts to China and India, often below cost. This revenue loss prevents the Kremlinfrom paying soldiers, sparking severe regional budget deficits. NUMBER 14
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EUROPEAN FREEZE AND THE MYTH OF BOOTS ON THE GROUND Colleague Simon Constable, Journalist and Author. A deep freeze hits Southern Europe while commodity prices like copper rise. Simon Constable reports on the UK's bleak economic mood and dismisses the fea
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