Russian Economy Heading For Disaster Fast

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The recent decline in oil prices has had a huge impact on the Russian economy over the past few weeks. This has put Russia on the path towards a deep recession and a double digit inflation in 2015, as reported by Russian Officials today. The Russian government has instituted a bail out similar to the U.S. bailout from years ago to help save the Rouble (Russia’s currency).

The economy is slowing even more as problems in the Ukraine are discouraging foreign investment and encouraging capital flight.

The Russian government is now taking what it feels are necessary steps to support financial institutions so that they can address the worsening currency crisis over the past weeks. This crisis has included interest rate hikes. Financial analysts are currently unsure and very pessimistic about the outcome for Russia’s economy and the outcome of the Rouble. It looks like this world power is in for a long hard fight to save their economy.

Santa Clarita Bank Robbery Suspects Throw Cash Out of Vehicle During High-Speed Police Pursuit



A high-speed car chase occurred late Wednesday morning when a group of men fled authorities after reportedly committing an armed robbery. The police continued chasing the car for over an hour, following it through downtown Los Angeles. They are said to have robbed a Bank of America in Santa Clarita, and at least three men got out of the car during the chase. The men apparently began throwing money out of the car, making the situation more dangerous as bystanders began running after the cash. The car chase ended and the FBI confirms that all the suspects have been apprehended. A person in a silver truck blocked off the suspects’ car and that was the end of the chase that lasted over an hour. A giant crowd gathered around and applauded when the suspects were arrested. Check out photos from the scene above!