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Tag: depression

Manta Putin (Mikhail Klementyev / AFP / Getty)

Stratfor: Russia Economy Hits Perfect Storm

The Russian economy started stagnating in 2013, but the nation was never actually able to recover from the 2008-2009 recession, according to Stratfor Global Intelligence. The combination of the 2014 sanctions over the Ukraine and collapsing oil prices is a perfect economic storm that is grinding Russia to a halt.

Statues of unemployed men standing in a unemployment line during the Great Depression at the Franklin Delano Roosevelt(FDR) Memorial September 20, 2012 in Washington, DC. During the first four years of FDR's term, nearly one-third of the American people were unemployed. AFP PHOTO / Karen BLEIER (Photo credit should read

James Grant Sets Stick of Dynamite to Bush/Obamanomics

It was a very deep depression, as deep as the one that succeeded in 1929. But in this case, the government did not intervene, and it was over in less than two years. Was this a coincidence? Grant does not think it was. He believes, as this writer does, that present government interventions have deepened our current economic malaise and are retarding a full recovery.

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Report: Germanwings Co-Pilot Tore Up Doctor’s Note Excusing Him from Flight

The Germanwings story is mutating with incredible speed. At first we were assured by the company that young co-pilot Andreas Lubitz, who evidently crashed the plane on purpose and killed 150 people, was “100% fit to fly,” with no physical or mental problems whatsoever. Then we were told Lubitz took an extended break from pilot training for counseling to deal with “burnout” and emotional stress, but that was back in 2008, so it wasn’t necessarily relevant to his behavior this week.