Just another massive financial crisis in Russia? According to The Economist: “The Russian currency crisis many feared is now a reality and the mood in Moscow close to panic. Russians are right to worry: they are heading for a lethal combination of deep recession and runaway inflation”. Yesterday in Moscow shops people converted roubles into goods. Here you can see how the Ruble Crisis looked like in the 90s.
Moving to Iraq, The New York Times provides a detailed report on the “Desert War on ISIS”. While in the initial weeks of the air campaign three out of every four missions still return with their bombs for lack of approved targets, in recent days the Iraqis “have been advancing, forcing ISIS to fight more in the open”.
Unredacted focuses on the Kennedy and Johnson Administration’s consideration of preventive military action to prevent or to delay China from acquiring a nuclear capability. Recently the National Security Archive published an Electronic Briefing Book of documents on the United States and the Chinese nuclear weapons program during the early 1960s.
The SIPRI just published the Top 100 arms-producing and military services companies fact sheet. Despite three consecutive years of decreasing sales for the Top 100, total revenues remain 45.5 per cent higher in real terms than for the Top 100 in 2002.
Finally, Venus in Arms honors again Nick Hornby and his idol, Thierry Henry, who has just announced his retirement from football. He has been really a fantastic player (we also appreciate the fact that his Italian experience was a failure because…ehm, at that time we did not support you Thierry…)