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...want to take the pulse of Russia as its oil and gas boom of the past few years comes to a sudden and wrenching stop, leave behind the garish consumerism of Moscow and drive 220 miles (355 km) southwest to the small Russian town of Lyudinovo. For the first part of the five-hour trip, the road is a smooth four-lane highway that whisks you past gleaming gas stations and a brand-new Samsung TV factory. Then everything slows down. The highway turns single-track and becomes progressively rougher. For the last 20 miles (32 km), you bump along...

Author: /time Magazine | Title: Russia: The Trouble with Putinomics | 2/5/2009 | See Source »

...east of Lyudinovo, thousands have been furloughed since Nov. 14, when the steel factory idled two of its blast furnaces. The government estimates that companies laid off about 200,000 workers in December and January, but that's probably an understatement. Yevgeny Gontmakher, an economist who heads the Russian Academy of Sciences' Social Studies Center, expects that Russia's official unemployment rate, long below 6%, will be twice that level...

Author: /time Magazine | Title: Russia: The Trouble with Putinomics | 2/5/2009 | See Source »

...weeks, as the stock market cratered and some private Russian banks wobbled, the official Kremlin line was "This is primarily an American issue." Finally, on Nov. 20, Putin admitted that Russia too was in trouble. Announcing a $20 billion economic-stimulus package and an increase in unemployment benefits, he said Russians were asking a "fair question" when they wondered about what was happening. His answer: "We will do everything, everything in our power ... so that the collapses of the past years should never be repeated in our country." Says Alexander Kliment, a Russia analyst at the Eurasia Group...

Author: /time Magazine | Title: Russia: The Trouble with Putinomics | 2/5/2009 | See Source »

ELECTED With a vote of 508 to 169, Metropolitan Kirill, 62, was chosen as the new leader of the Russian Orthodox Church, the world's second largest, succeeding the long-serving leader Alexy II, who died in December...

Author: /time Magazine | Title: Milestones | 2/5/2009 | See Source »

...unable to let go of his desire to seek revenge on the Nazis, even when it is necessary for survival. When Zus’s thirst for bloody retribution clashes with Tuvia’s pragmatic restraint, the two brothers part ways—Zus to the Russian resistance and Tuvia to lead the forest community. Although Craig’s role in “Defiance” is a far cry from secret agent James Bond, his emotionally charged portrayal of Tuvia’s inner journey to become a cool-headed leader of the Jewish refugee camp...

Author: By Noël D. Barlow, CRIMSON STAFF WRITER | Title: Defiance | 2/5/2009 | See Source »

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