Word: russianize
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...Summers became chief economist at the World Bank. That same year, the Soviet Union collapsed and the Russian-American Shleifer—under the auspices of the World Bank—became an adviser to the Russian government, eventually leading economic liberalization efforts through the Harvard Institute for International Development...
...advisory role turned out to be ill-fated. Shleifer and his wife, hedge fund manager Nancy Zimmerman, made investments in the Russian economy even as he advised the government on economic reform. The conflict of interest would lead to a federal lawsuit against Shleifer, one of his associates, and Harvard, resulting in a $26 million fine against the University and $2 million penalties apiece for Shleifer and the associate. When the dust settled, the University stripped Shleifer of his endowed chair—but not tenure—and the furor contributed to the ouster of Summers from the Harvard...
...Hungary’s revolt against its pro-Soviet government is quashed by Russian tanks. In response, Harvard students form the Harvard Freedom Council. The council organizes film screenings and attempts to raise money to have one Hungarian student study at Harvard each year...
...Finns and Swedes. They were ready to offer young bankers, new to capitalism, advice on how to organize such things as international payments. "Here were these tiny nations splitting off from the Soviet Union and we needed help," says Raasuke. Later, he adds, his bank needed equity following the Russian ruble crisis of 1998: "Who do you go to? You go to your best friends. The ones you've been talking to all along...
...will happily lend a member of her team to escort guests to the grand foyer of the Staatsoper, since the celebrated opera house is just across the Bebelplatz from the hotel. As for the tough task of securing seats at sold-out performances, Raber managed that even when Russian soprano Anna Netrebko was singing the lead in Manon last month as well as reservations for supper afterward at Borchardt, Berlin's power restaurant. Behrenstrasse 37, 10117 Berlin; tel. + 49 30 460 60 91121; concierge.derome @roccofortehotels.com...