The Russian president thought he could outlast the opprobrium of the easily distracted West. It's a gamble he's lost
With few new buyers, the superjumbo's fate is up in the air
Instead of fighting for more regulations, they're pushing for market-based solutions
Vessel wants YouTube stars to focus on another platform
JPMorgan's chief helps kill a Dodd-Frank rule and does the heavy lifting for Wall Street
MetaMind customizes its deep-learning software for businesses that want to learn faster
The final installment of "Serial," a cult-favorite podcast about a murder, will begin just like every other episode—with the name of a prison telecom provider
"These colleges are ranked the top in the country, and it's surprising to me that they can't send out a simple email."
Customer service is one area where small businesses can beat big-box competitors
Budget balance: -2.7%
Current account: -6.6%
Sovereign credit rating: BB-/Stable
Stock market: -53.9
Turkey dodged a bullet earlier this year when its top court declined to ban the ruling AKP party and force the President and Prime Minister out of office. But while investors sighed with relief, Turkey's fundamentals have been heading south. GDP growth is expected to slow from 4.5% in 2007 to just 3% to 3.5% this year. The budget deficit is at 2.7% of GDP and climbing. But Turkey's biggest worry is a current account deficit amounting to 6.6% of GDP. While local banks are strong (with capitalization ratios above 17%) and relatively shielded from the global credit crunch, Turkey's large amount of foreign debt leaves it vulnerable to swings in global investor sentiment. A sudden slowdown in capital inflows could raise borrowing costs and whack the economy.