The Bank of Russia unexpectedly maintained its key interest rate at a record-high 21% , defying analysts’ expectations of another significant hike as inflation remains stubbornly elevated. The decision marks a shift toward a more measured approach in balancing economic growth and price stability. Key Details Inflation Concerns: Annual inflation climbed to 8.9% in November, well above the central bank’s 4% target , with inflation expectations reaching 13.9% in December. Policy Rationale: The central bank cited the significant tightening of monetary conditions after October’s 200-basis point hike as sufficient to resume disinflationary processes. Governor Elvira Nabiullina emphasized avoiding both economic overheating and severe slowdowns. Economic Overheating: Elevated government spending on the war in Ukraine and social programs, coupled with labor shortages and rising wages, have fueled strong domestic demand, exacerbating price pressures...
BILL GATES VS STEVE JOBS It is an ironic when we mentioned these names. While both of name are famous for the "Information Revolution" , these are also the two names that hardly see eye to eye to one another. One of them are seen as the devil who is only interested in making money out of the manipulation of technology. Bill Gates is the villain to many of the techno geek and given the failed product of Vista, it is hard to deny that. However, let us not forget Bill Gates is also the man who give us Windows 3.11, Windows 95, Windows XP, and of course now Windows 7 . But for most people, Bill Gates is one man who only interested in money, money, money!! On the other hand, Steve Jobs gained the reputation more like a saint in this industry. Whenever people talk about Steve Jobs, people will talk about his passion for art, design and even perfection. While no one could deny the effort Jobs put on Apple's product, is it really true that Gates is the villain while Jobs is the s...