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The status of the dollar as world reserve currency gives the U.S. a number of advantages over other countries. The most important global commodities traded in dollars, although much of this material is not made in the USA. The fact that the global financial system based on the dollar, the Fed allows exporting inflation to other countries, and the government can easily operate under huge deficits. So far, only China has [...] This week, the Russian version of Wikipedia shut down for 24 hours. The BBC reports that users attempting to access the site would see a black line across the site’s logo and an explanation of the shut-down. The translated message reads like this: The State Duma is expected to hold a second hearing about amendments to the Information Act, which could lead to the creation of extra-judicial censorship of the entire internet in Russia, [...] Two months after Vladimir Putin once again assumed the post of Russian president, the long-feared crackdown on his critics appears to have begun. The internet bill due to be considered by parliament on Wednesday is, say activists, the latest sign of growing repression of civil freedom in Russia. The bill calls for the creation of a federal website “nolist”. Internet providers and site owners would be forced to shut down any websites on this list. According [...] |
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