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I am pleased to have andre back at this table. Lets begin with some thing you know a lot about, the russian economy. Assess where it is today . Andre the russian economy is in negative growth this year but starting from next year we expect some economic growth. I think the economy is stabilizing. After the first shockwave of Lower Oil Prices and sanctions and bad Commodity Prices for other russian commodities and slow growth in china, all the sectors i think we understand the economy will be growing. It will have to adjust to new conditions. Charlie rose the decline of oil prices and the expected declining gas prices is the most Severe Threat to the russian economy . Andre it is but already the next budget is based on the assumption that oil prices will be around 50 per barrel. I think that is a reasonable approach. A ....
irene. north texas is burning. i m ali velshi, about 30 homes already destroyed bay wildfire. 100 more in harm s way. it s going to get worse before it gets better because officials say this fast-spreading fire is 0% contained. and i m carol costello. new developments out of aruba in the disappearance of american robyn gardener. her traveling companion and the chief suspect may be about to walk on this american morning. good morning, everyone. it is wednesday, august 31st. welcome to american morning. continues to be a busy morning. sure does. we continue to deal with the aftereffects of irene. talk about that. disaster on a delay in some places. several hundred people now evacuated in new jersey as flooding continues three days after hurricane irene tore through. residents say it s the worst they ve ever seen. in vermont, a dozen towns cut off by flooding had supplies air lifted in. more than 250 roadways cut off by high water and the layers of mud it l ....
Of 55 and they can t get up on the engine no more. reporter: now, that say nonstarter to the unions in the city. keep in mind, many of them do not qualify for social security benefits. they rely on these pensions. but unless pittsburgh gets ahold of these problems, the state could actually take over its system and force the city into some painful choices. ali, that means either raising taxes or possibly massive layoffs in the city. one of the things you wanted to be clear on here. you pointed out some of the examples that perhaps people take advantage of the system, pension spiking and things like that. one of the things that unionized workers like to point out when we talk about collective bargaining or union troubles is that pethss were all designed to meet the needs of people who were subscribing to them. a lot of people argue it was the pension managers, the fund managers, the cities and states ....