Russia knows what you’re thinking: You’d like to make the currency of the world’s leading kleptocracy’s the next dollar or euro. But there’s something missing. It’s not the corruption or lawlessness or instability or dead lawyers. It’s just that you shouldn’t have to write out “ruble” over and over and over again.
Make that two jobs! Russian Regional Development Bank and “a consulting agency named Parness” have welcomed the libidinous former IMF chief with open arms. Read more »
Russia may have the kind of official corruption that would make a Sicilian blush, a fairly weak grasp on the rule of law, a pair of would-be czars trading its top two political posts and, now, more orphans than it can give away. It also may have a stock exchange worth as much as the big one with the columns down on Broad Street.
The Moscow Exchange is going public, and wants the share-buying public to pay between US$4 billion and US$4.6 billion for it. By contrast, the London Stock Exchange has a market cap of about US$5.3 billion, and the New York Stock Exchange is selling itself—and the stock markets in Amsterdam, Brussels, Lisbon and Paris, and the super-desirable Liffe futures exchange—for US$8.2 billion.
Of course, buying the Micex may be a bit riskier than buying NYSE Euronext, what with everyone’s favorite former KGB agent already weighing in. Read more »
Goldman Equities Trader Will No Longer Wonder What Happens To A Dream (Involving Beating People With Branches) DeferredBy Bess Levin
Back in the day, as in 2007, Wall Street compensated its employees in a way that made them feel loved. In a way that allowed them to repress the true passions they would have been going after if the price were not oh so right. Now, obviously, not so much. Combine that with suffocating regulation and you’ve got a bunch of financial services hacks who are saying fuck this shit– I refuse to waste another day here while my dream of opening a line of Russian saunas in New Jersey slips away. So far just one guy– a Goldman trader in Moscow– has said that, but presumably the floodgates are about to open. Read more »
Vladimir Putin Tells Investment Forum Berlusconi Haters Wish They Could Slay Half The Hookers Bunga Bunga Does In A WeekendBy Bess Levin
Something you may have picked up about Italian premier Silvio Berlusconi is that he loves to get with prostitutes. Bonus points if they’re underage and no points if they’re unfuckable lard-arses, who are by definition an exception to his rule. Some people have taken issue with Sil’s penchant for sleeping with women 57 years his junior, with several suggesting that Italy’s economic woes can in part be attributed to the premier’s inability to focus on anything but his next fix. According to Vladimir Putin, such accusations are without merit and you want to know something else? Read more »
Remember Anna Chapman? She was among the ten Russian spies deported last year and since returning to the motherland has been pretty busy. She posed in Maxim in her underwear holding a deadly weapon. She started hosting a TV show called “Secrets of the World.” She adopted a lion cub. She posed in a magazine called Heat and then got in trouble for posting outtakes of her ass on Facebook. She waved off a rocket launch. She modeled in a fashion show (in which carried a gun and stuck it in a male model’s neck). For her next project, Chapman has teamed up with Vladimir Putin to “lure technology investment to Russia.” Apparently tech has always been a passion of Chapman’s (“I’ve always been fascinated with technology,” she told Bloomberg) and now, she says, “I want to make my own input into developing this industry.” For you thinking Chaps will have a hard time being taken seriously, think again. According to Moscow hedge fund manager Roland Nash, she’s “very well known and respected in Russia, by Russians in general and young Russians in particular, so in that sense she’s quite an imaginative solution.” As for the West, Nash concedes, “she’s got to turn around part of her image.” Read more »
She’s part of the former Treasury Secretary’s reading material this month. Read more »