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  • There is a known $41 billion in Credit Default Swaps (CDS) on Russian debt

    03/08/2022 12:32:25 PM PST · by delta7 · 24 replies
    Wall Street on Parade ^ | 7 Mar 2022 | Pam Martens
    There is a known $41 billion in Credit Default Swaps (CDS) on Russian debt. There is likely many billions more in unknown amounts. There are also billions more in Credit Default Swaps on state-owned Russian corporate debt and non state-owned Russian corporate debt. In addition to Wall Street not knowing which global banks and other financial institutions are on the hook to pay out on the Credit Default Swap protection they sold in case of a Russian sovereign debt default (or Russian corporate debt default), there is also approximately $100 billion of Russian sovereign debt (whose default is looking more...
  • Russia mulls making software piracy legal and patent licensing compulsory

    03/08/2022 12:40:41 PM PST · by Salman · 16 replies
    The Register ^ | Tue 8 Mar 2022 | Thomas Claburn
    Russia is considering handing out licenses to use foreign software, database, and chip design patents, and legalizing software copyright violations, in response to sanctions imposed over its invasion of Ukraine. According to Russian business publication Kommersant, a government document drafted on March 2 outlines possible actions to support the Russian economy, which faces extensive trade restrictions from the US, the UK, and Europe, and business withdrawals. With companies like Apple, Oracle, Microsoft, and SAP halting sales (though not ending service to existing customers), Russia has instituted tax breaks for technology firms and conscription deferments for IT workers to retain its...
  • Aslan Poised for Christmas Box-Office Throne (Kong Weak; Gays lame)

    12/22/2005 7:09:38 PM PST · by dangus · 31 replies · 627+ views
    "The Chronicles of Narnia: The Lion, The Witch and The Wardrobe" expanded its daily box office take again from Tuesday to Wednesday, despite the wide releases of two fims, one of which was very family-oriented. Three more movies will enter wide release of Friday, but they are expected to neither rival Narnia's box-office receipts, or draw movie-goers from the same market as Narnia. The result is that Narnia seems to be inevitably this year's Christmas box-office champion. (As an aside, if you haven't seen this movie, see it; it is simply fantastic. It's actually unfortunate that it has drawn comparison...
  • Rush shuts down DU again!

    12/15/2003 10:30:42 AM PST · by ConservativeMan55 · 489 replies · 1,161+ views
    Rush is quoting posters from DU again. They're server crashed! He was quoting about how posters thought Bush was more of a danger than Saddam!