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...much of the past decade, Andrei Illarionov has played a unique role in Russia: that of a liberal economist who helped shape policy while at the same time openly criticizing the government. He called for a devaluation of the ruble before the August 1998 financial crisis; he is credited as one of the architects of Russia's flat income tax; and from the outset of the first term of President Vladimir Putin, who appointed him economic adviser in 2000, he has been outspoken in his efforts to curb state interference in the economy, especially in the all-important energy sector...

Author: /time Magazine | Title: Putin's Power Surge | 12/31/2005 | See Source »

...When I took the job, we spoke about pursuing a liberal economic policy. Now, the state has evolved in quite the opposite direction," explained economist Andrei Illarionov during a news conference where he announced his resignation as a key economic adviser to President Putin. Within hours of Illarionov's public decision, Putin's press service said the President had accepted the resignation...

Author: /time Magazine | Title: Q&A: Putin's Critical Adviser | 12/31/2005 | See Source »

...some clouds are gathering. "The risk of recession is clearly higher," says James O'Sullivan, economist at UBS Securities. "But it's far from certain." He estimates that growth in GDP will slow this summer to about 2.5% from an estimated 3.5% to 4% in the first quarter. That's hardly a disaster. In fact, it's pretty much what the Federal Reserve hopes to accomplish with its long campaign of short-term rate hikes geared at keeping inflation under control and stretching out the recovery...

Author: /time Magazine | Title: A Warning from the Bond Market? | 12/29/2005 | See Source »

...Third World debt. Bono, who spends most of his nontouring time in Dublin with Hewson and their four children, started flying to Washington for weekends at the World Bank with his friend Bobby Shriver, a son of Eunice and Sargent Shriver. Eventually, Bono's education was taken over by economist Jeffrey Sachs. After Bono's understanding of the issue went from fluency to mastery, he started speaking out, lobbying Bill Clinton's Administration to make debt relief a core aim of U.S. policy toward the developing world. It worked: midway through his presidency, Clinton agreed to erase $6 billion...

Author: /time Magazine | Title: The Constant Charmer | 12/19/2005 | See Source »

...former President Clinton for economic policy from 1998 to 1999. The other two authors are KSG alumna Maya C. MacGuineas, who advised McCain on Social Security during his 2000 presidential campaign, and Professor of Economics at Dartmouth College Andrew A. Samwick ’89, who served as chief economist on the staff of President Bush’s Council of Economic Advisors from 2003 to 2004. The plan was reviewed by the Office of the Chief Actuary at the Social Security Administration (SSA), which concluded that the plan would “easily satisfy the criteria for attained sustainable...

Author: By Alexander N. Li, CONTRIBUTING WRITER | Title: Social Security Reform Unveiled | 12/15/2005 | See Source »

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