Word: russianness
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Dates: during 1990-1999
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Natasha Gurfinkel had moxie. Nothing if not aggressive as a senior vice president in charge of the Bank of New York's East European division, the Russian-born, Princeton-educated businesswoman charmed and cajoled, wined and dined her way to the forefront of the correspondent banking business in the heady days of Russia's breakaway from communism. Muscling out American rivals through her web of Moscow connections, she turned the Bank of New York into the biggest U.S. servicer of Russian accounts, moving along the flood tide of cash rolling out of the ebullient new economy in return for lucrative...
...chairman Alan Greenspan, urging the Fed to let Inkombank open a representative office in the U.S. Never mind that 14 months earlier some of the bank's largest shareholders had filed suit charging Inkombank with outright theft of $40 million in capital. Or that just a month before, the Russian central bank had issued a harshly critical audit of Inkombank irregularities...
Inkombank never got the license. But it was not until Republic National Bank turned the tables on Gurfinkel by filing a suspicious-transactions report on the extraordinary Russian cash flows through its bank to the Bank of New York in the summer of 1998 that anyone at Hamilton's respected house paid attention to what was going on. And it was not until last month, when the New York Times reported that an investigation was in progress, that the U.S. woke up to some ugly truths about Russia. With the bank's cooperation, the Feds are on the trail...
...independent Kosovo). The peace deal that ended NATO's air war with Yugoslavia earlier this year explicitly affirms Belgrade's sovereignty over the territory; breaking that agreement would tempt the Serbs to try and recapture at least some parts of Kosovo, and would very likely jeopardize NATO-Russian cooperation on keeping the peace there. In short, it could leave KFOR's Western ground troops in the middle of a shooting war. Though the "policy shift" reported by the Post could be something of a trial balloon (the Washington Post and the New York Times are often used as litmus tests...
...other words, "reform" is on the back burner, and while Democrats and Republicans argue over who?s to blame for its failure, both are looking toward long-term crisis management rather than any dramatic policy shift. No wonder the Russian masses clamored for a last glimpse of Raisa Gorbachev. By comparison with the standard of living in today?s Russia, the death throes of communism presided over by her husband may look like a gilded...