Word: premier
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...probably what got him in trouble. He was hinting so plainly that he was considering a run in 2000 that Yeltsin dismissed him. In fact, by week's end Chernomyrdin had confirmed his intention to run for President. Kommersant, a leading daily, concluded, "We can pronounce the once superpowerful Premier politically dead." But Boris Berezovsky, one of Moscow's most influential business tycoons, talked with Chernomyrdin last week and came out a booster. Only a week before, he had declared on television that Chernomyrdin was "unelectable" in 2000. Now Berezovsky says the former Prime Minister is "full of energy...
...take on Cornell in another two-game set. The Big Red, which finished near the bottom of the Ivies last season, going 7-13 in the league and 13-26 overall, look to avoid another season sweep at the hands of the Crimson. Cornell is clearly not a premier team, but Harvard's players understand that there is no such thing as a sure...
...served seven years as Vice Premier, earned his credentials as a hero of socialist capitalism beginning in 1993. Paramount Leader Deng Xiaoping's invocation for the Chinese to get rich quick had touched off a frenzy of entrepreneurialism that threatened to engulf the country in inflation and debt. Zhu was given the job of cooling down the economy without dampening the double-digit growth in GNP. He did so by making himself head of the central bank and sharply curbing various abuses, including out-of-control bank lending to local enterprises. Inflation has since declined, from...
...steps into the shoes of the current Premier, Li, the challenges before him are more complicated than rescuing an auto factory. With half a dozen of China's neighbors financially shipwrecked, Zhu must steer China's 1.2 billion people through some dangerous political and economic shoals. Among his most immediate problems: repairing a chaotic and bankrupt financial system, closing thousands of rust-bucket factories useful only for soaking up excess labor, and stemming rising unemployment and social unrest, which recently exploded in a fatal bomb blast in the industrial city of Wuhan...
...first job as Premier will be to steel China against the pressure to follow in its neighbors' footsteps and devalue its renminbi trading currency. Those competing economies have a step up on Beijing, whose goods are relatively more expensive. Chinese sales to the rest of Asia fell 1.4% in January compared with 1997, and as South Korea, Thailand and Indonesia flood the world with cheap goods, China's trade with the West will take a beating. If Beijing ultimately succumbs and devalues its currency, the move will probably force Hong Kong to do the same, which could trigger...