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...liquid natural gas (LNG) terminals in the world, from which it will be exported to the energy-hungry economies of East Asia. Unlike the rest of Russia, unemployment on Sakhalin is virtually unknown, and money is pumping through an island economy once impoverished even by the grim standards of post-Soviet Russia. "If you visited this island 10 years ago and compare it now, you would see a big, big improvement," says SE CEO Ian Craig...

Author: /time Magazine | Title: Hell Frozen Over is Red Hot Again | 8/14/2007 | See Source »

...Such complaints are unlikely to mean much in a Russia growing prosperous off its abundant oil and natural gas reserves. But while Moscow puts post-Soviet poverty behind it, the residents of Sakhalin are experiencing the energy boom in a manner familiar to many citizens of oil-rich nations. "I'm a native," says Vasili Plotnikov, a pensioner who owns a tiny country shack just a few miles from the massive LNG terminal. "I don't see any plus. I only see negatives." Maybe Chekhov's hell wasn't so bad, after...

Author: /time Magazine | Title: Hell Frozen Over is Red Hot Again | 8/14/2007 | See Source »

...Russia. Mercilessly waged by Putin with extraordinary brutality, it not only crushed a small nation long victimized by Russian and then Soviet imperialism but also led to political repression and greater authoritarianism inside Russia and fueled chauvinism among Russia's people. Putin exploited his success in stabilizing the chaotic post-Soviet society by restoring central control over political life. The war in Chechnya became his personal crusade, a testimonial to the restoration of Kremlin clout...

Author: /time Magazine | Title: How to Avoid a New Cold War | 6/7/2007 | See Source »

...experience, and he is bright and capable. He’s a skillful negotiator, and that’s what the job needs.” Bush cited Zoellick’s work in such fields as Latin American debt relief and the transition of post-Soviet economies as further evidence of his qualification for the post. Zoellick is also a noted free trade advocate. He said during the Wednesday press conference that this philosophy would inform his stewardship of the Bank. “The Bank’s reliance on markets, investments, sound policies, good governance and partnerships...

Author: By Aditi Balakrishna, CRIMSON STAFF WRITER | Title: Harvard Grad To Head World Bank | 6/4/2007 | See Source »

TIME's Yuri Zarakhovich asked two Muscovites from opposite ends of the social scale and with very different fortunes as a result of the Yeltsin era to give their own politial epitaphs on Russia's first post-Soviet President. The prosperous business executive and the lowly janitor had remarkably similar conclusions about Boris Yeltsin and his legacy...

Author: /time Magazine | Title: Yeltsin: Hero or Opportunist? | 4/23/2007 | See Source »

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