The Economist surveys the troubles faced by the Russian economy. Most significant part of the story: the graph showing that that Russia’s foreign-exchange reserves have fallen to the same level they were at in January. That is to say that it only took a few months to erase the roughly $200 billion in foreign exchange reserves Russia accumulated during the summer’s price spike.
The Economist discusses how anarchy in Somalia has lead to the surge in piracy in the Gulf of Aden, with serious consequences for global trade.
At the risk of flogging a dead horse, this demonstrates once again the need for a SysAdmin capability. Eradicating the pirate threat requires denying them the sanctuary of lawless Somalia - a mission that there is no international body currently prepared or able to tackle. It is an opportunity to gather the economic powers of our era together to start forging the great power alliances of the 21st Century.
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