Word: kremlins
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Putin insists the Khodorkovsky case is about rooting out corporate corruption and doesn't herald any shift in the Kremlin's pro-business stance, a view he reinforced at a meeting last week with Western bankers. (Putin was on hand at the opening of the Russian-owned Lukoil's first U.S. gas station, in September, in Manhattan.) For the moment, big foreign players are giving him the benefit of the doubt. "We haven't changed our long-term perspective," says Peter Elam Hakansson, who manages a $250 million Russian-stock fund out of Stockholm for East Capital. "It's still...
There’s nothing more exciting than a birthday of an old friend. Especially when that birthday is its 500th. And especially when that old friend is vodka. Libation-history buffs say it’s been 500 years since vodka was first distilled by Kremlin monks, who used it as an antiseptic before they started drinking...
...Processes are underway," as Mikhail Gorbachev used to say. Either Khodorkovsky fights by running for president, or else he cuts some form of deal and retreats quietly either into exile, or into a role less threatening to the Kremlin. I don't think the latter is likely, but I also don't see any good endgame here. Western investors, no matter what they're saying publicly, are scared out of their wits. For the Russian economy, this is the scariest moment since crash...
...quick fortunes after the Soviet Union's collapse by acquiring cheap state property; with fraud and tax evasion; by prosecutors in Moscow, after special forces surrounded his plane at an airport in Siberia. The dramatic move, part of an ongoing probe into Yukos, was seen by skeptics as a Kremlin-led effort to keep the tycoon, who has funded opposition parties, out of politics...
...your wish-you-were-heres digitally are harder to resist. Why queue in a dingy post office, fumble with unfamiliar coins and try to buy stamps in a language you don't speak, when you can just use your phone to take a picture of the Acropolis or the Kremlin and fire it off to anyone you like? If you don't have a phone with a built-in camera, you can use your laptop: the Web is filled with e-card sites that allow you to click on images of well-known attractions and send them with your message...