The following is a translation of an article about the second trial of Mikhail Khodorkovsky published in the French weekly magazine, Le Nouvel Observateur.

The Convict who Frightens the Kremlin From our special correspondent in Moscow

Mikhail Khodorkovsky, former head of oil company Yukos, is serving eight years in prison in Siberia. He is again judged in a trial in which the arbitrary rivals absurdity. The Russian power in the hands of Putin, does not want to see out of prison the person who was formerly the richest man in the country...

It is in this tiny and outdated courtroom No. 7 on the second floor of the Khamovnitchesky District Court of

If Crude oil Breaks Through $53, It’s a Screaming Buy

Dear Value Seeker,

America’s job losses have come into sharp focus again today.

The New York Times calls it a “rising tide.” It’s more like a tsunami…

Initial jobless claims for the week ended January 17 shot up by 62,000 to 589,000. This is the highest weekly rise in unemployment since November 1982.

Meanwhile, Microsoft ensured an abrupt reversal of yesterday’s stock market rally by warning that it was “not immune” to the recession.

The tech giant also announced it would give 5,000 workers their marching orders, including 1,400 today.

Microsoft joins a long and growing list of blue chips that have announced job cuts in 2009.

It’s a list The Wall Street Journal’s Real Time Economics blog is tracking: