Behind the scenes, though, it appears that the Kremlin is concerned that resentment over the tariffs will continue to spread from the car dealers to the general population — and turn into a bigger backlash over the government’s handling of the financial crisis. Revolt of the Used Car Dealersblockquote>
The instances of such local economic turmoil in many parts of the world are increasing. Obviously worrisome.
Update: Japan sank deeper into recession with its worst quarterly contraction in 35 years, data showed on Monday, its reliance on exports and soft domestic demand dragging down the world’s second-largest economy.