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...wine-growing province of Mendoza, Cobos became provincial governor in 2003 and then quit the Radical Party so he could run as Fernandez's No. 2. Relations between the two quickly soured. Since assuming office, Fernandez has renationalized companies that were privatized in the 1990s including airlines and public utilities, and privatized pension-fund assets worth $30 billion. She also led the country to the brink of a civilian uprising over her brash attempt to levy a hefty tax on the country's lucrative soy exports in 2008. The move, announced just prior to the commencement of the yearly harvest...

Author: /time Magazine | Title: Argentina's War of Words at the Top | 1/20/2010 | See Source »

...President's Cabinet chief and most trusted aide Anibal Fernandez (no relation) expressed his boss's dislike for Cobos more bluntly two days later: "Cobos cannot be trusted with the management of public affairs. The Vice President has become Cobos Iscariot." The President's supporters are concerned Argentina's veep might make use of the President's absence during an upcoming trip to China to call a special session of Congress and reject a recent executive decree ordering the seizure of central bank reserves to pay off part of Argentina's voluminous foreign debt. "Cobos has clearly become the leader...

Author: /time Magazine | Title: Argentina's War of Words at the Top | 1/20/2010 | See Source »

...Japan (DPJ) last year, the party's co-founder and Secretary General, Ichiro Ozawa, has once again found himself in the national spotlight. But rather than basking in the glory of pulling off a successful election, Japan's so-called Shadow Shogun finds himself under investigation by the powerful Public Prosecutors Office on suspicion of wrongdoing in a controversial land purchase...

Author: /time Magazine | Title: New Scandal Hits Japan's Ruling Party | 1/20/2010 | See Source »

...Obviously, it's not good for the DPJ. They can't say that they're different from the old crooks," says Robert Dujarric, director of Temple University's Institute of Contemporary Japanese Studies. Business as usual is not what the public expects from an underdog party that just won the people's mandate on a platform of regime change. Dujarric, however, says that Ozawa is widely understood to be an "old-fashioned" politician. "If you want Mr. Clean, you're not going to date Ozawa," he says. "Everyone has their strengths and weaknesses. That's his weakness...

Author: /time Magazine | Title: New Scandal Hits Japan's Ruling Party | 1/20/2010 | See Source »

...Some observers, including Ozawa himself, suggest that the Public Prosecutors Office could be flexing its muscle in a partisan show of force, as the office has long been controlled by the LDP. But that doesn't diminish the fact that similar investigations have occurred in the past. Says Dujarric: "Prosecutors, from time to time, like to indict someone powerful. It was done in the era of LDP, and now Ozawa is getting a visit." Toshikawa says it's possible that a special investigation team will search Ozawa's home in early February. And depending on what they find, he says...

Author: /time Magazine | Title: New Scandal Hits Japan's Ruling Party | 1/20/2010 | See Source »

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