Word: meier
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...international space station project. (Russia has to cough up $240 million this year alone.) Translation: Nemtsov may be hinting at a cosmic bailout. "They?ve been talking to European countries about short-term financing in order to get the thing into space," says TIME Moscow correspondent Andrew Meier. "Somebody will probably step into the breach with a bailout -- it's an interesting metaphor for the country?s entire crisis...
...Kremlin may be strapped for cash, but the space program remains a priority. "It's the one place Russia still believes it's an equal player," says Meier. "And you have to admit, they achieved miracles in space -- a lot more than they ever did on the ground." Which, of course, is exactly where the crisis-ridden country needs a miracle right...
...With the stock market plummeting, the ruble propped up by rapidly depleting currency reserves and zero economic growth projected for this year, Moscow is looking to the IMF to keep its economy from going over the edge, reports Meier. A group of top Russian bankers approached IMF boss Marcel Camdessus today to beg for an estimated short-term $5 billion bailout, with further guarantees of up to $15 billion...
...rates today to a surreal 150 percent. The desperate bid to cool a market meltdown was accompanied by a shift in speculation as to how Prime Minister Sergei Kiriyenko plans to save the economy: "The word yesterday was 'devaluation'; the word today is 'bailout,'" says TIME Moscow correspondent Andrew Meier. And that may leave Russia's fate in the hands of Newt Gingrich and his congressional followers...
...reserve parking spaces at the museum, they should also be permitted to make reservations for one of the few rest rooms--but there are other problems as well. On sunny days the brightness of the light on the mountaintop location is exacerbated by the reflection from architect RICHARD MEIER's tan aluminum panels on the outside of the building. Employees now wear dark sunglasses as part of their work uniform. After the December opening--coincidentally, after Meier left--umbrellas were set up to provide some relief on the virtually shadeless plaza. But the glare isn't all. During the winter...