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Russia overtakes Japan to become the fourth largest economy in the world in PPP terms
The Russian economy has overtaken Japan to become the fourth largest in the world in PPP terms (purchase power parity), according to revised data from the World Bank released at the start of June. As bne IntelliNews reported in August, Russia had already overtook Germany to become the fifth biggest economy in adjusted terms. Hit by multiple shocks […]
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Atomic bombing of Japan was not necessary to end WWII. U.S. gov’t documents admit it
U.S. government documents admit the atomic bombing of Hiroshima and Nagasaki was not necessary to end WWII. Japan was on the verge of surrendering. The nuclear attack was the first strike in Washington’s Cold War on the Soviet Union.