Word: clouts
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There is, however, some hope for liberal democracy in Russia. Putin seems genuinely committed to liberalizing the economy—as evidenced by his pre-election appointment of a number of pro-Western reformers to help manage the country’s economy. Putin’s political clout, meanwhile, has allowed him to brush aside many of the once-influential military and intelligence officials who often act more like Kremlin henchmen than civil servants. The super-wealthy “oligarchs” who ruled Russia during the Yeltsin years have also been neutralized. All of these reforms will...
...banker, Cameron, 37, managed a $50 million IPO for Acambis, a London vaccine producer. As its CFO, he helped Acambis win a $430 million contract from the U.S. to supply smallpox vaccine, a contract that transformed the company from a small R.-and-D. shop into a drugmaker with clout. So it's no wonder that the Acambis board took a chance on Cameron and named him CEO. The Scotsman, whose hobbies include golf, will try to tee up the first West Nile--virus vaccine in his first months...
...Ruchi Saha, spring ’04 transfers from Columbia and Wellesley respectively, praise Harvard’s academic resources. While Saha is a little intimidated by Harvard class sizes, she says’s she’ll gladly adapt in order to take advantage of the clout that Harvard offers...
...only on Iraq but on how the European Union should be organized as it welcomes 10 new members. That was then. Now Europe's heavyweights need each other. Each wants to escape domestic troubles by looking statesmanlike, sitting down together instead of screaming, and using a display of E.U. clout to bolster their flagging fortunes back home. "A year ago, I would have said that a trilateral grouping like this would have little chance of getting off the ground," says Stephen Byers, a former British Cabinet Minister who is close to Blair and has been sounding out political opinion...
...billion check to a famously well-fed group: the nation's restaurant owners. It was billed as just deserts after President Jacques Chirac failed to convince other European Union nations to lower the value-added tax on restaurant meals from the current 19.6% to 5%. The move illustrates the clout of the food lobby and its leader André Daguin, a former two-star Michelin chef. They claimed they could create 40,000 new jobs if they got the tax break on social-insurance costs - and hinted that many might vote for the extreme-right National Front if Chirac didn...