Skip to main content

Putin, Bush talk democracy

President Bush and Russian President Vladimir Putin addressed the subject of democratic reform in Russia today, while meeting ahead of the G8 summit in St. Petersburg.

Bloomberg's article, "Putin Tells Bush Russia Doesn't Need a Democracy Like Iraq's", conveyed a sense of verbal sparring between the two leaders during their press conference Saturday.

``I talked about my desire to promote institutional change in parts of the world like Iraq where there's a free press and free religion,'' Bush told a news conference with Putin after their talks. ``I told him that a lot of people in our country would hope that Russia would do the same thing.''

``We certainly would not want to have the same kind of democracy as they have in Iraq, I will tell you quite honestly,'' Putin shot back.

``Just wait,'' retorted Bush.

An article from the Houston Chronicle's website, "Remarks by Bush, Putin at news conference", gave the discussion a friendlier, more collegial air. The text is transcribed by the White House, so take that for what it's worth.

I think the most complete description of the Bush/Putin meeting and news conference I've seen comes from the CBS News site. Their article, "Bush Blocks Russian WTO Bid", includes a description of the exchange between Putin and Bush over democracy and Iraq, and gives an overview of the agreements reached ahead of the G8 meeting. Video clips are included.

Popular posts from this blog

The Dot-Com Bubble in 1 Chart: InfoSpace

With all the recent talk of a new bubble in the making, thanks in part to the Yellen Fed's continued easy money stance, I thought it'd be instructive to revisit our previous stock market bubble - in one quick chart.

So here's what a real stock market bubble looks like. 

Here's what a bubble *really* looks like. InfoSpace in 1999-2001. $QQQ$BCORpic.twitter.com/xjsMk433H7
— David Shvartsman (@FinanceTrends) February 24, 2015
For those of you who are a little too young to recall it, this is a chart of InfoSpace at the height of the Nasdaq dot-com bubble in 1999-2001. This fallen angel soared to fantastic heights only to plummet back down to earth as the bubble, and InfoSpace's shady business plan, turned to rubble.

As detailed in our post, "Round trip stocks: Momentum booms and busts", InfoSpace rocketed from under $100 a share to over $1,300 a share in less than six months. 

In a pattern common to many parabolic shooting stars, the stock soon peaked and began a…

New! Finance Trends now at FinanceTrendsLetter.com

Update for our readers: Finance Trends has a new URL! 

Please bookmark our new web address at Financetrendsletter.com

Readers sticking with RSS updates should point your feed readers to our new Finance Trends feedburner.  



Thank you to all of our loyal readers who have been with us since the early days. Exciting stuff to come in the weeks ahead!

As a quick reminder, you can subscribe to our free email list to receive the Finance Trends Newsletter. You'll receive email updates about once every 4-8 weeks (about 2-3 times per quarter). 

Stay up to date with our real-time insights and updates on Twitter.

Moneyball: How the Red Sox Win Championships

Welcome, readers. To get the first look at brand new posts (like the following piece) and to receive our exclusive email list updates, please subscribe to the Finance Trends Newsletter.

The Boston Red Sox won their fourth World Series titleof the 21st century this week.

Having won their first Series in 86 years back in 2004, the last decade-plus has marked a very strong return to form for one of baseball's oldest big league clubs. So how did they do it?

Quick background: in late 2002, team owner and hedge fund manager,John W. Henry(with his partners)bought the Boston Red Sox and its historic Fenway Park for a reported sum of $695 million.

Henry and Co. quickly set out to find their ideal General Manager (GM) to help turn around their newly acquired, ailing ship.

This brings us to one of my favorite scenes from the 2011 film, Moneyball, in which John W. Henry (played by Arliss Howard) attempts to woo Oakland A's GM Billy Beane (Brad Pitt) over to Boston with an excellent job off…