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I'm an expat Californian who is obsessed with traveling to strange and exotic destinations in the former Communist Bloc. I also like tacos, beer, surfing, trapshooting, and the geopolitics of oil. I currently live in Arlington, Virginia and work in Washington, DC. Read more about me here, check out my photo album, or send me an e-mail.

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    How to cover a financial crisis, Russian style

    You just completely ignore the problems in the Russian economy and instead focus on those in the U.S. and Europe:


    The Kremlin has also sought to contain the fallout from the crisis by having the major Russian television networks, which it controls, play down or even ignore the stock market collapse here. The network news programs have instead focused on financial troubles in the United States and Europe.

    [...]

    Even so, the Kremlin seems to be trying to forestall a public backlash by curbing news of the Russian stock market on the television networks.

    One morning last week, regulators, worried about another plunge, closed the market. On the main television news at noon, the anchor described “a new drop in world stock markets,” discussing declines in Japan and Europe that he called a reaction to losses the day before in New York.

    Only at the end of the segment did the anchor mention in passing that the Russian market was not even open, without saying why.

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