Word: russianizing
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...million. The University reportedly bought nearly seven million shares in an ETF tracking Taiwanese indices—reversing its earlier decision to sell the two million shares it had in the fund as of last September. Other investments of note include over $55 million in an ETF tracking Russian indices, and multi-million dollar repurchases of shares in mining giant BHP Billiton and oil and gas producer China National Offshore Oil Corporation. While the value of Harvard’s equity investments has increased, it remains modest compared to where it stood last September, when the University had nearly...
...July, the Russian-manned cargo ship the Arctic Sea disappeared on its way to take timber from Finland to Algeria, sparking reports of the first incident of piracy in European waters since the days of the buccaneers. Experts and observers weighed in with their theories: the ship had been snatched in a commercial dispute; it was being used to run drugs; it was carrying something more precious - or dangerous - than timber...
...Since then, the Russian navy has found the ship, and the alleged hijackers who boarded it on July 24 have been charged with kidnapping and piracy. The ship's captain, his crew and whatever cargo the ship was carrying have also been detained. An initial search of the hull turned up nothing suspicious, and now Russia's official explanation of what happened will probably become the final one - this was a hijacking thwarted by its navy without a shot being fired. But there are baffling details left unexplained, leading some experts to claim that the truth is much more sinister...
...Kouts says an Israeli interception of the cargo is the most likely explanation. But this theory, which some Russian analysts put forward in the days after the Arctic Sea was rescued and which Kouts agreed with in his interview with TIME, has been vehemently denied by Russia's envoy to NATO, Dmitri Rogozin, who says Kouts should stop "running his mouth." (Read "Girding for the Pirates' Revenge...
...official explanation coming out of Moscow is simple enough: the Arctic Sea, manned by a Russian crew, set sail from Finland under a Maltese flag on July 22. It was destined for Algeria and carried less than $2 million worth of timber. Then a group of eight Russian and former Soviet hijackers boarded the ship on July 24. The ship's tracking device was disabled in the last days of July, as it passed through the English Channel into the Atlantic, and the ship disappeared. On Aug. 12, the Russian navy sent out a search party. A week later, Russia...