Word: state-run
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...behemoths--is listed at over $750. It's the result of a supply chain gone insane. Chinese influence is everywhere here--from the ubiquitous Yutong buses to the new renovations financed by the Chinese at Lenin Park on the outskirts of town and the three channels of Chinese state-run television that play in Havana hotel rooms. But unlike in the U.S., China hasn't flooded the island with cheap consumer goods--at least not cheap enough...
...bemused verdict: "You have Caribbean feet, but I have no idea what your butt is doing.") Just then, "La Jinetera" by the staunchly anti-Castro Miami singer Willy Chirino came through the speakers. It must have been the driver's CD--the song would never have been allowed on state-run radio. Chirino, a Cuban-born exile, has always been a little too naked in his politics for my tastes, and this song is no different, a lament about a teenage hooker who's dismal in "a land where the future jumped the wall and swam away." But Zenia...
...Those who make it past the coast guard usually seek out the police anyway, and wind up in the state-run detention center located on a dusty hilltop two miles from Mytilene harbor. Conditions at the facility, a cream-colored converted warehouse, have human-rights advocates concerned. They say detainees don't always get proper medical care and that the warehouse is unhygienic, though Greek authorities claim to have improved the center recently, adding more bathrooms and introducing rules that allow for greater use of the outdoor area. Construction is also under way on several new centers...
...turning the Russian capital into a new world financial center. Several major companies had already moved out of these costly quarters to way beyond the city's municipal boundaries, where they still can afford the rent. My friend's company will soon follow. The Vneshtorgbank (VTB), a major state-run bank, has just canceled its long-planned relocation to the Federation Tower, the tallest of the Moscow City towers. Soon they will stand empty, symbols of failure...
...hydrocarbon windfall that fueled the Russian state's recent revival appears unable to offer a solution to the crisis. Russian foreign-currency reserves that stood at almost $600 billion last August have shrunk to $485 billion as the state has been forced to spend to bail out state-run banks and prevent abrupt devaluation of the weakening ruble. There is no telling if the policy has worked, though, and there's worse to come: major state-run corporations such as Gazprom and Rosneft, as well as Russia's regional governments, have accumulated debts amounting to some $448 billion that...