Word: kremlins
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...stability," its effect may be the opposite: The prime minister wants to reverse last week's ruble devaluation package and is expected to drop Anatoly Chubais from his cabinet -- one of the few Russian politicians to enjoy any confidence among Western bankers. President Clinton, when he arrives at the Kremlin next week, may feel as if he's walked into the Mad Hatter's tea party. "Yeltsin is no longer connected in any sense to the solution to Russia's crisis," says Quinn-Judge. "He's very much part of the problem." And that leaves Clinton with yet another painful...
...YORK: The Kremlin is filling up with familiar faces, and Wall Street is nervous. You should be too. "I'd be very wary of doing anything in the stock market this week," says TIME business reporter Bernard Baumohl. "Everyone's very, very nervous about Russia -- expect the markets to stabilize at best, and possibly show a net loss...
...Western bankers and governments are anxious about the devaluation, while Russians are enraged. The Kremlin says the crisis is rooted in a lack of confidence in Russia's markets by foreign investors, "but confidence was lacking because there was no sign this government could do any better than its predecessors," says Quinn-Judge. And this week's fiscal spasms are unlikely to restore Western faith in Yeltsin...
MOSCOW: Call it good Kremlin, bad Kremlin. The last time Boris Yeltsin addressed parliament about passing tax reforms, he threatened to dissolve it. Friday, beleaguered prime minister Sergei Kiriyenko tried a softer sell: He appealed to its good nature. "The financial market has practically ceased to exist," Kiriyenko said. "Social tension is growing in society, which naturally is not helpful to stabilization." Kiriyenko pleaded with the recalcitrant Duma to speed passage of a series of new tax laws that Russia needs to get a desperately needed multibillion-dollar bailout from...
...Council, put his net worth at $38,500. And just how transparent is Yeltsin being? Last year he explained that his income was modest (largely derived from royalties on his memoirs), but not to worry, the state covers most of his expenses. This time around, he's silent. The Kremlin confirmed the figures, but gave no reason for the income jump. "Why should this figure upset so many journalists?" wondered a Kremlin spokesman. "Our President is by no means outrageously wealthy, and he has earned every kopeck honestly...