Depiction of the New York Stock Exchange, 1909 (Moses King)
LA STAMPA
Come On Kids, We're Going To The Finance Museum!
Forget Disneyland and dinosaurs exhibits. Here's a new way to try to engage the kids that can also help secure their future: the world's first ever Savings and Finance Museum opens in Turin next month. The mascot is an industrious little
Depiction of the New York Stock Exchange, 1909 (Moses King)
April 23, 2012
*NEWSBITES
TURIN – That "money doesn't grow on trees' is not a lesson you can expect to find explained at the local natural science museum or botanical garden. So the Italian industrial capital of Turin has taken on the task of establishing the first ever Museum of Savings and Finance, which opens its doors on May 25.
Would-be Warren Buffets and Silvio Berlusconis of the future can learn about interest rates and share prices in a 600 square-meter Renaissance building that appropriately enough originally hosted a pawnshop. In five rooms, visitors of all ages will be taught the history of money and stock exchanges, and will also get tips on how to indeed make their money grow.
The museum, promises to be "interactive and funny," includes a presentation of pension funds explained to children by Formi and Mica, the fictional ants (formica is Italian for ant) who are the mascots of the institution. Museum officials assure that greed is not at the core of the project, and note that the foundation behind it is a registered non-profit.
Read the original article in Italian by Maurizio Lupo
Photo - Moses King
*Newsbites are digest items, not direct translations
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FOCUS: Russia-Ukraine War
When Did Putin "Turn" Evil? That's Exactly The Wrong Question
Look back over the past two decades, and you'll see Vladimir Putin has always been the man revealed by the Ukraine invasion, an evil and sinister dictator. The Russian leader just managed to mask it, especially because so many chose to see him as a typically corrupt and greedy strongman who could be bribed or reasoned with.
Putin arrives for a ceremony to accept credentials from 24 foreign ambassadors at the Grand Kremlin Palace on Sept. 20.
Sergiy Gromenko*
September 25, 2022
-OpEd-
KYIV — The world knows that Vladimir Putin has power, money and mistresses. So why, ask some, wasn't that enough for him? Why did he have to go start another war?
At its heart, this is the wrong question to ask. For Putin, military expansion is not an adrenaline rush to feed into his existing life of luxury. On the contrary, the shedding of blood for the sake of holding power is his modus operandi, while the fruits of greed and corruption like the Putin Palace in Gelendzhik are more like a welcome bonus.
In the last year, we have kept hearing rhetorical questions like “why did Putin start this war at all, didn't he have enough of his own land?” or “he already has Gelendzhik to enjoy, why fight?” This line of thinking has resurfaced after missile strikes on Ukrainian power grids and dams, which was regarded by many as a simple demonstration of terrorism. Such acts are a manifestation of weakness, some ask, so is Putin ready to show himself weak?
Stay up-to-date with the latest on the Russia-Ukraine war, with our exclusive international coverage.
Sign up to our free daily newsletter.However, you will not arrive at the correct answer if the questions themselves are asked incorrectly. For decades, analysts in Russia, Ukraine, and the West have been under an illusion about the nature of the Russian president's personal dictatorship.
If we imagine it in a very generalized form, we get the following: Young Putin barely survived the “swinging 90s”, where he achieved the apex of his life aspirations as head of state is personal enrichment.
Ukraine war as a revelation
Certain facts perfectly fit into this concept, from unexpected billionaires among Putin's friends, such as the cellist Sergei Roldugin, to luxurious private residences. The president also cultivated this image himself, declaring that at the beginning of his civilian career in the new Russia he even had to work as a taxi driver to earn a living.
Thus to some, the Putin regime was classified as a "banana dictatorship." That would be cut in the mold of those regimes in South America, Africa and Asia where leaders who, having reached the head office of the country, forgot about everything except stuffing their own pockets with cash.
It's worth mentioning here that even Ukraine during the presidency of Viktor Yanukovych was very close to such a status. Therefore, it is not surprising that a similar label has been attached to Russia.
However, over time, there were other facts showing that the Putin regime is different. It was noticed in the tendency toward Russian imperialism after Putin's Munich speech in 2007, or the invasion of Georgia in 2008. Of course, plenty revised their view of Putin after the annexation of Crimea in 2014.
Well, the full-scale invasion of Ukraine in 2022 took the blinders off the eyes of anyone who is not an idiot or on the Russian payroll.
Different kind of dictator
In order to somehow “reconcile” the good old Putin, who helped the U.S. fight international terrorism and was content only with the monopolization of oil and gas revenues, with the supposed "new" evil Putin, who unleashed the biggest war in Europe since World War II, many began to discuss the evolution of the Russian leader. They say, yes, he used to be just a thief, but now he has become a maniac; yes, the Russian elites used to steal at home and spend abroad, and are now worried about Putin's ambitions of “Russian world” (Russkiy mir) ... So how, they ask, did this all happen?
Perhaps at the beginning of his reign, Putin was more like Mussolini than Hitler or Stalin.
However, the harsh truth is that Putin did not turn from a corrupt official into a terrorist. There is indeed no "evolution." Putin from the very beginning was not just a thief, but a real bloodsucker. This is what the world could not or simply did not want to see.
Yes, perhaps at the beginning of his reign, Putin was somewhat more like Mussolini than Hitler or Stalin, but the Italian leader eventually got involved in a world war.
In any case, even then everything was clear with the Russian president — he was not going to build a democratic society, he sought to revive the USSR with himself in charge.
In the first two terms, he simply had to disguise himself and pretend to be a good boy who does not curse or break dishes in someone else's house. Firstly, because not everyone inside the country was yet under his control, and secondly, because Russia was still too poor (and therefore too weak) to make demands in the foreign policy arena.
A litany of crimes
But Putin has shown his true colors from the very earliest days. His reign began with the organization of apartment bombings during the Second Chechen War. And the Chechen invasion of Dagestan, which initiated the hostilities, looks too suspicious.
Then the Soviet anthem was restored and the government took over ORT, NTV (television channels) and Yukos Oil Company. The West ignored the explosions, forgave the war, and explained "nationalization", i.e., the biggest theft of private property in Russian history, in the logic of the "banana dictatorship" — unpleasant, but not fatal.
However, even when he usurped the assets of the first generation of oligarchs, Boris Berezovsky, Vladimir Gusinsky and Mikhail Khodorkovsky, it wasn't just financial greed. He also ordered de facto torturing, with the latter serving 14 years of hard time, because he'd refused to go into exile.
But perhaps the most revealing episode of these past two decades was Putin's reaction to the sinking of the Kursk submarine. He refused to accept foreign aid to save the crew, and the explanation of the reasons as: “it sank”, and carelessly calling widows: “twenty-dollar whores.” Putin's lack of empathy was thus not only directed at civilians, but also his military.
The list of his crimes would take up a whole book. And in recent years, he did not commit them more often, just more attention was paid to newer victims. Many rightfully talked about the poisoning of Alexei Navalny, but much less about the polonium murder in London of Alexander Litvinenko. The 2015 murder of reformist Boris Nemtsov became a landmark, but long before that, the security services killed an assortment of post-Soviet political chiefs over the years.
Protesters came to denounce the war in Ukraine in Berlin in early March 2022, with this placard reading, "Stop Putin — Stop the War."
From bad to worse
In 2007, Putin finally completed the consolidation of power inside Russia, and by then had accumulated enough resources to launch his ongoing challenge to the world order. The shortsightedness of the West would give him the space to do so: Georgia-Crimea and Donbas-Syria-Ukraine, brings us to the final stage where we now find ourselves.
He has always been like this
Let's remember how long Putin has been clear about his ultimate objectives: not just with Crimea and the Donbas in 2014, but ten years earlier. He angrily told the then U.S. Deputy Secretary of State Strobe Talbott in 2004: "Don't you understand that there is no Ukraine?"
So, it makes no sense, in my opinion, to look for some would be "turning point" separating the good old Putin from the new bad one. He has always been like this, and the fact that now his terrorist intentions have emerged is not the result of his internal evolution, but a change in external circumstances.
Let's not forget that Hitler too was also bad from the very beginning, and did not get worse somewhere along the way — just read Mein Kampf from 1925. It's just that since 1939 he stopped being ashamed of his crimes, before launching full-scale genocide in 1941. What comes next for Putin?
KGB roots
And finally, about the source of his evil. This is a false narrative that Putin grew up poor, and he turned corrupt to lift himself out of poverty. But it was privilege not poverty that made him this way, the work in the KGB laying the foundation for Putin's bloodthirstiness. The agency neglected morality, regarded people as cogs — and when the KGB officer headed the state, he transferred these principles to the entire echelon of power.
This late state socialism of the Andropov version is the core of Putin's worldview. Religion and traditional values are nothing more than a wrapper. Putin saw that there was a demand for Russian imperialism and Orthodox messianism after Boris Yeltsin's liberal rule, and brought them under his banner. No more than that.
So do not ask why Putin suddenly began to behave this way. That's how he's always behaved. It is better to ask when exactly you realized that a cold-hearted spy is running a neighboring country, for whom your life has no value.
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