By The Huffington Post News Editors
Ray’s Hell Burger — the Northern Virginia burger joint where Obama ate with Vice President Joe Biden in 2009, and with Russian president Dmitry Medvedev in 2010 — closed, supposedly temporarily, in January.
Owner Michael Landrum then called the closure, said to involve a lockout over the non-payment of rent, a “very minor blip.”
Source: FULL ARTICLE at Huffington Post
Russia’s prime minister has slammed a deal that saves Cyprus from bankruptcy but forces big losses on many bank deposits, a large chunk of which are held by Russians.
Cyprus secured a 10 billion euros ($13 billion) bailout early Monday on the condition it scales back its banking sector and forces hefty losses on a number of big deposits to help pay much of the bill.
Dmitry Medvedev says the move is tantamount to theft.
Moscow has been worried about the crisis in Cyprus with Russian citizens holding as much as 20 billion euros ($26 billion) in Cypriot banks.
Russia‘s prime minister says Moscow will only help Cyprus out financially if the country’s new money-raising measures get the backing of the European Union.
Dmitry Medvedev said Friday that Russia “hasn’t closed the door, hasn’t said ‘no'” to Cyprus.
His comments come after Cyprus‘ finance minister left the Russian capital without a hoped-for deal.
Cypriot authorities are putting the final touches to a plan they hope will convince international lenders, including its European partners, to provide bailout money to avoid a bankruptcy within days.
Cyprus has until Monday to secure a deal after the European Central Bank warned it would stop providing the country’s banks with liquidity on that day if no package is agreed.
Russians have big bank deposits in Cyprus.
By Katya Soldak, Contributor Despite the Russian economy’s growth of 3.5 percent last year, there have been suggestions that it might slow. The panel of economic experts discussed a few possible scenarios for Russia at the World Economic Forum in Davos, and Russia’s prime minister, Dmitry Medvedev, has responded. While the world is concerned about the possibility of oil prices dropping and lack of structural reforms and good governance in Russia, according to the prime minister; it’s mostly large, foreign, strategic investors Russia needs to sustain its economic growth.
Source: FULL ARTICLE at Forbes Latest