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Chester Burton "Chet" Atkins (June 20, 1924 - June 30, 2001), known as "Mr. Guitar" and "The Country Gentleman", was an American musician, occasional vocalist, songwriter, and record producer, who along with Owen Bradley and Bob Ferguson, among others, created the country music style that came to be known as the Nashville sound, which expanded country music's appeal to adult pop music fans. He was primarily known as a guitarist. He also played the mandolin, fiddle, banjo, and ukulele. Atkins's signature picking style was inspired by Merle Travis.
While working with a Western band in Denver, Colorado, Atkins came to the attention of RCA Victor. Siman had been encouraging Steve Sholes to sign Atkins, as his style (with the success of Merle Travis as a hit recording artist) was suddenly in vogue. Sholes, A&R director of country music at RCA, tracked Atkins down in Denver. He made his first RCA Victor recordings in Chicago in 1947. They did not sell, but he did some studio work for RCA that year but had relocated to Knoxville again, where he worked with Homer and Jethro on WNOX's new Saturday night radio show The Tennessee Barn Dance and the popular Midday Merry Go Round. In 1949, he left WNOX to join June Carter with Mother Maybelle and the Carter Sisters on KWTO. This incarnation of the old Carter Family featured Maybelle Carter and daughters June, Helen, and Anita. Their work soon attracted attention from the Grand Ole Opry. The group relocated to Nashville in the mid-1950s. Atkins began working on recording sessions and performing on WSM-AM and the Opry. Atkins became a member of the Opry in the 1950s. While he had not yet had a hit record for RCA Victor, his stature was growing. He began assisting Sholes as a session leader when the New York-based producer needed help organizing Nashville sessions for RCA Victor artists. Atkins's first hit single was "Mr. Sandman", followed by "Silver Bell", which he recorded as a duet with Hank Snow. His albums also became more popular. He was featured on ABC-TV's The Eddy Arnold Show in the summer of 1956 and on Country Music Jubilee in 1957 and 1958 (by then renamed Jubilee USA). In addition to recording, Atkins was a design consultant for Gretsch, which manufactured a popular Chet Atkins line of electric guitars from 1955-1980. He became manager of RCA Victor's Nashville studio, eventually inspiring and seeing the completion of the legendary RCA Studio B, the first studio built specifically for the purpose of recording on the now-famous Music Row.

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his stature was growing. He began assisting Sholes as a session leader when the New York-based producer needed help

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Boris Nikolayevich Yeltsin (Russian: Boris Nikolaevich El'tsin, IPA: [ba'rjis njIka'laIvjItc 'jeljtsin] ( listen); 1 February 1931 - 23 April 2007) was a Soviet and Russian politician and the first President of the Russian Federation, serving from 1991 to 1999. Originally a supporter of Mikhail Gorbachev, Yeltsin emerged under the perestroika reforms as one of Gorbachev's most powerful political opponents. During the late 1980s, Yeltsin had been a candidate member of the Politburo, and in late 1987 tendered a letter of resignation in protest. No one had resigned from the Politburo before.
Just days after the dissolution of the Soviet Union, Boris Yeltsin resolved to embark on a program of radical economic reform. Unlike Gorbachev's reforms, which sought to expand democracy in the socialist system, the new regime aimed to completely dismantle socialism and fully implement capitalism--converting the world's largest command economy into a free-market one. During early discussions of this transition, Yeltsin's advisers debated issues of speed and sequencing, with an apparent division between those favoring a rapid approach and those favoring a gradual or slower approach. On 2 January 1992, Yeltsin, acting as his own prime minister, ordered the liberalization of foreign trade, prices, and currency. At the same time, Yeltsin followed a policy of 'macroeconomic stabilization,' a harsh austerity regime designed to control inflation. Under Yeltsin's stabilization program, interest rates were raised to extremely high levels to tighten money and restrict credit. To bring state spending and revenues into balance, Yeltsin raised new taxes heavily, cut back sharply on government subsidies to industry and construction, and made steep cuts to state welfare spending. In early 1992, prices skyrocketed throughout Russia, and a deep credit crunch shut down many industries and brought about a protracted depression. The reforms devastated the living standards of much of the population, especially the groups dependent on Soviet-era state subsidies and welfare entitlement programs. Through the 1990s, Russia's GDP fell by 50 percent, vast sectors of the economy were wiped out, inequality and unemployment grew dramatically, while incomes fell. Hyperinflation, caused by the Central Bank of Russia's loose monetary policy, wiped out a lot of personal savings, and tens of millions of Russians were plunged into poverty. Some economists argue that in the 1990s Russia suffered an economic downturn more severe than the United States or Germany had undergone six decades earlier in the Great Depression. Russian commentators and even some Western economists, such as Marshall Goldman, widely blamed Yeltsin's economic program for the country's disastrous economic performance in the 1990s. Many politicians began to quickly distance themselves from the program. In February 1992, Russia's vice president, Alexander Rutskoy denounced the Yeltsin program as "economic genocide." By 1993 conflict over the reform direction escalated between Yeltsin on the one side, and the opposition to radical economic reform in Russia's parliament on the other.

how high were the interests rates raised?
To bring state spending and revenues into balance, Yeltsin raised new taxes heavily, cut back sharply on government subsidies to industry and construction,