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Russian crisis

A St. Petersburg shop advertises a sale as Russia's ruble crashes to unprecedented lows Tuesday.

A plunging Russian ruble generates nervousness and humor

Economics

Russians had a rude awakening this morning when they discovered that their interest rates doubled overnight AND the ruble plunged to its lowest level. The Russian Central Bank increased interest rates by 7 percent, hoping to avert a ruble freefall. And it could get worse.

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