U.S. Injects Further $800Bn to Kick-Start Lending

The Federal Reserve is to advance $600bn to the mortgage market, with a further $200bn aimed at the consumer debt market, in what one economist said was "as close as the Fed can get to lending money directly to consumers"...

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Source: Telegraph

Montenegro: Russia's window of opportunity

The global financial crisis has buffeted the balance sheets of Russia's legion of billionaires. But suitcases of cash, and a flotilla of Russian-owned luxury yachts, keep arriving in this idyllic town on the Adriatic, helping to earn Montenegro the nickname Moscow-on-the-Sea.

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Source: International Herald Tribune