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...companies, many of which have senior government officials on their boards. Public listings provide these firms with crucial capital and international legitimacy, but in exchange, they're forced to adhere to a modicum of transparency that is absent from Russian politics. This is where Navalny comes in. Exploiting his status as a part owner, he harasses senior management with questions about how their actions may be affecting the bottom line. "All you need is one share to get into the room with these guys," Navalny says...

Author: /time Magazine | Title: Russia's Erin Brockovich: Taking On Corporate Greed | 3/9/2010 | See Source »

...discussion, and among the independent-minded media. The respected Russian business daily Vedomosti named Navalny its "Private Individual of the Year" for 2009, saying he sets a "personal example proving it's possible for citizens to defend their rights." "While professional investors solve their problems quietly, this everyman, without status or power, is trying to fight the system," the paper wrote of Navalny. Sergei Guriev, dean of Moscow's New Economic School and an independent board member of Sberbank, a state-owned company in which Navalny has stock, says the lawyer's focus is a logical avenue of dissent...

Author: /time Magazine | Title: Russia's Erin Brockovich: Taking On Corporate Greed | 3/9/2010 | See Source »

...hands of the state sector than what has ever occurred in countries such as Japan and South Korea. Beijing is nurturing state-owned champions to dominate domestic markets and crowd out the private sector in order for the Chinese Communist Party (CCP) to keep its economic relevance, privileged status in Chinese society and hands on the country's wealth. This means the CCP does not believe sweeping economic, much less political, liberalization is required for China's continued rise, let alone that it constitutes the endgame. (Read "China and the U.S.: Too Big to Fail...

Author: /time Magazine | Title: Perception Gap | 3/8/2010 | See Source »

...were in Japan to teach automakers how to build strong engine blocks. The men spoke derisively and arrogantly about Japanese auto quality. I remembered those comments later as Toyota was hailed as great and GM denounced as mediocre. The lesson I learned: Do not ever be satisfied with the status quo. It takes constant effort to maintain quality and reputation...

Author: /time Magazine | Title: Inbox | 3/8/2010 | See Source »

...Even as Senator Mitchell shuttles between them, both sides appear set to escalate their confrontation on the ground, in growing battles over expanded Israeli settlements in East Jerusalem and elsewhere and over the status of various sites considered holy by both Jews and Muslims. Last Friday's confrontations between Israeli police and stone-throwing Palestinian youths in Jerusalem may be a portent that the latest round of peace talks could, in fact, be starting under the cloud of a looming intifadeh...

Author: /time Magazine | Title: Israelis and Palestinians: Agreeing to Talk, and to Fail | 3/8/2010 | See Source »

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