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Subject: Ukraine

Ukraine is a country in Eastern Europe. It is bordered by Russia to the east; Belarus to the north; Poland, Slovakia, and Hungary to the west; Romania and Moldova to the southwest; and the Black Sea and Sea of Azov to the south. The city of Kiev (Kyiv) is both the capital and the largest city of Ukraine.

Ukraine’s modern history began with the East Slavs. From at least the 9th century, Ukraine was a center of the medieval living area of the East Slavs. This state, known as Kievan Rus’ became the largest and most powerful nation in Europe, but disintegrated in the 12th century. After the Great Northern War, Ukraine was divided among a number of regional powers, and by the 19th century, the largest part of Ukraine was integrated into the Russian Empire, with the rest under Austro-Hungarian control. After a chaotic period of incessant warfare and several attempts at independence (1917–21) following World War I and the Russian Civil War, Ukraine emerged in 1922 as one of the founding republics of the Soviet Union. The Ukrainian Soviet Socialist Republic’s territory was enlarged westward shortly before and after World War II, and southwards in 1954 with the Crimea transfer. In 1945, the Ukrainian SSR became one of the co-founding members of the United Nations. Ukraine became independent again after the dissolution of the Soviet Union in 1991. This began a period of transition to a market economy, in which Ukraine was stricken with an eight year recession. ]But since then, the economy experienced a high increase in GDP growth. Ukraine was caught up in the worldwide economic crisis in 2008 and the economy plunged. GDP fell 20% from spring 2008 to spring 2009, then leveled off as analysts compared the magnitude of the downturn to the worst years of economic depression during the early 1990s.

Ukraine is a unitary state composed of 24 oblasts (provinces), one autonomous republic (Crimea), and two cities with special status: Kiev, its capital, and Sevastopol, which houses the Russian Black Sea Fleet under a leasing agreement.

Ukraine is a republic under a semi-presidential system with separate legislative, executive, and judicial branches. Since the collapse of the USSR, Ukraine continues to maintain the second largest military in Europe, after that of Russia. The country is home to 46 million people, 77.8 percent of whom are ethnic Ukrainians, with sizable minorities of Russians, Belarusians and Romanians. The Ukrainian language is the only official language in Ukraine, while Russian is also widely spoken. The dominant religion in the country is Eastern Orthodox Christianity, which has heavily influenced Ukrainian architecture, literature and music. [Wikipedia: 2009]

The end of the dollar?

Barack Obama: The last US president

Igor Panarin --- Seer extraordinaire

Igor Panarin, a Russian academic, is making headlines predicting the end of the United States in 2010. With his connections in the intelligence community, one might wonder what Professor Panarin might know about Barack Obama and his radical cabinet of ‘czars’ that is unknown to the American people?

Panarin’s map of the proposed breakup of the United States seems to exhibit a profound mis-understanding of American political history and culture. However, the non-democratic behavior of the Pelosi-Reid Congress does raise questions as to the future of the country.

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World Economy

What Is ‘International Liquidity’?

It used to be that the term 'international liquidity' meant the relative amount of resources available to a nation's monetary authorities that could be used to settle a balance of payments deficit. In the days of the gold standard, this would mean access to gold that could be used to redeem a nation's currency held by foreigners. More ...

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2010-08-13 13:05