Word: moscow
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Dates: during 1990-1999
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...MOSCOW: Moscow's Friday assurances that a print run of new rubles will be "strictly limited" to refloating Russia's stricken banking system is the financial equivalent of a recovering alcoholic's "just one drink." "Once you start printing money, it's very tempting to keep printing more because you need to pay unpaid wages," says TIME Moscow bureau chief Paul Quinn-Judge. "Fear of social unrest, which will grow if the government is seen to be bailing out the banks but not paying wages, adds to the pressure to print more...
...West has warned that printing rubles will plunge the country back into hyperinflation. If Moscow's money presses start rolling despite the warnings, investors may regard the country as beyond the pale. "Russia is headed on a path of economic introversion, even isolation," says Quinn-Judge. Unless, of course, the West decides that the geopolitical consequences of such a development are even more disastrous than Russia's current economic tribulations...
What a telling picture the Moscow summit made. Bill Clinton looking weary and spent, his head sunk in his hands, his lips tight in a glum line as reporters badgered him about Monica. Boris Yeltsin next to him, befuddled and disoriented as he struggled to link answers coherently to questions. When a journalist asked whether the Russian President would accept someone other than Viktor Chernomyrdin as nominee for Prime Minister, Yeltsin paused for a moment that grew painfully long. "Well," he finally said, "I must say, we will witness quite a few events for us to be able to achieve...
...Deborah Tannen tells TIME this week (see Notebook) that men hardly ever apologize because doing so "entails admitting fault," and that "shows weakness"--and the next thing you know, some stronger type is clubbing you over the head and taking over your cave. That may be why Clinton, in Moscow last Wednesday, felt he had to defend his refusal to apologize for his refusal to apologize. He said he reread his speech and thought it was just fine. That was one nonapology too many for friends like Senator Joseph Lieberman, who led an outpouring of criticism that had, until then...
With the ruble collapsing? Yeltsin tottering? Clinton in Moscow? I've got six international economists and Kremlin watchers in makeup...