The Russian Economy Is Cracking, "Social Unrest" Coming In "A Few Months", Official Warns

As you might have noticed over the past several days, the Russian ruble is in a veritable tailspin. The inexorable decline in crude has pressured the currency as have expectations of an uptick in year-end budget spending. 

The ruble fell to a record low against the dollar on Monday and depending on crude’s trajectory, could well fall further in the new year. 2015 will likely mark the third annual decline for the currency which is under pressure not only from low oil prices, but from biting economic sanctions tied to Moscow’s alleged role in Ukraine. 

Experts Slam Cameron’s Attempts To Blame Floods On Climate Change

British prime minister David Cameron has sparked outrage by blaming Britain’s flood crisis on global warming while admitting defences are not fit for purpose. Cameron said more frequent ‘extreme weather events’ driven by climate change were the main driver behind the floods in Cumbria and the north of the country. Experts blame the massive cuts in flood defence budgets for the disaster and point to historic flooding which pre-dates ‘global warming’.

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