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Putin and Russia's shift in Ukraine policy with the impact of capital flight, western sanctions and a sharp slowdown in the economy by July 2014

07/11/2014

Polls show 66% of the Russian public opposes Russian forces going into Ukrainian territory. The rhetoric on Russian television has been toned down and Russian analysts say intervention in Ukraine would have dangerous consequences for Russia, that Russia needs to maintain its relations with the West. At the same time Putin will attend a summit of BRIC's leaders in Fortaleza, Brazil, with plans to set up a development bank, as the focus shifts back to the economy. Russia is expected to feel the impact of $75 billion in capital flight in the first half of 2014.

Grouped Articles

Seeing Cost of Saber Rattling in Ukraine, Putin Alters Course

New York Times 07/11/2014

U.S. Escalates Sanctions Against Russia Over Ukraine Crisis

Wall Street Journal 07/17/2014

Raising Stakes on Russia, U.S. Adds Sanctions

New York Times 07/16/2014

Putinism Thrives on Dirty Money

Wall Street Journal 07/22/2014

The West's 'Moment of Truth'

Wall Street Journal 07/22/2014

Coordinated Sanctions Aim at Russia’s Ability to Tap Its Oil Reserves

New York Times 07/29/2014

The state attorneys general in the U.S. and the subprime lending and foreclosure crises and mortgage settlements.

12/08/2009

Federal regulators and the Bush and Obama administrations failed miserably to help homeowners achieve loan modifications. This with the false belief that putting homeowners out of their homes would actually speed up a recovery, considering the huge scale of foreclosures in the USA , the high unemployment and other problems hitting the economy. Feldstein's consistent arguments for homeowner relief throughout 2008 and 2009- considering the large number of homeowners under water- as the mortgage crisis unfolded, were ignored by the Bush and Obama administrations. See the comparisons to Japan's lost decade, as the lack of recovery in housing adds to problems with job losses. The lawsuits, legal action and mortgage settlements facing banks as they make their way through the mortgage mess.

Grouped Articles

A Toxic Subprime Mortgage Bond's Legacy Lives On

Wall Street Journal 09/13/2013

Mortgage Program Pans Out

Wall Street Journal 12/31/2013

Fannie’s and Freddie’s Foreclosure Oversight Questioned

New York Times 10/19/2010

Banks Keep their Mortgage Litigation Reserves a Secret

New York Times 01/16/2014

The Case Against the Bernanke-Obama Financial Rescue

New York Times 05/16/2014

BP’s Cuts May Wound Portfolio Recovery

Wall Street Journal 02/04/2015


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