Free Republic

Oil producing countries are bracing for a bumpy ride this year, with a precipitous drop in prices to the lowest levels in four years seen as the initial, alarming sign of looming turmoil. A price drop benefits any country seeking to cut its fuel bill. But in oil producing nations, lower prices can feed economic troubles, and sometimes political unrest, as governments slash spending. Analysts who had already been predicting lower oil prices because of softening demand amid increased global production said the possibility of a tariff trade war and the overall climate of uncertainty could well deepen producers’ woes....

Moscow took sharp action on Friday to curb inflation, fearing the effects of ever higher spending on the war in Ukraine and of a weakening Russian ruble. Russia’s central bank took the unexpected step of raising its benchmark interest rate by a full percentage point, to 8.5 percent from 7.5 percent. It was the first large hike in more than a year, and the bank warned that further increases were likely. “It is a surprise and on its face reflects more concern at the central bank about inflation and how the economy is doing than we had appreciated,” said Robert...

Paper of CAIR Glossing over Hamas ties by Steven Emerson National Review Online February 8, 2008Once again, New York Times reporter Neil MacFarquhar has proven himself to be the chief public relations mouthpiece for radical Islamic front groups in the United States. In an article published Thursday titled, "Speakers at Academy Said to Make False Claims," MacFarquhar writes: The Air Force Academy was criticized by Muslim and religious freedom organizations for playing host on Wednesday to three speakers who critics say are evangelical Christians falsely claiming to be former Muslim terrorists. The three men were invited as part of a...

SIMFEROPOL, Crimea — After Russia annexed Crimea practically overnight, the Russian bureaucrats handling passports and residence permits inhabited the building of their Ukrainian predecessors, where Roman Nikolayev now waits daily with a seemingly mundane question. His daughter and granddaughter were newly arrived from Ukraine when they suddenly found themselves in a different country, so he wonders if they can become legal residents. But he cannot get inside to ask because he is No. 4,475 on the waiting list for passports. At most, 200 people are admitted each day from the crowd churning around the tall, rusty iron gate. “They set...