Word: yeltsin
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FIRST HE TRIED PERSUASION. THEN HE OFFERED COMpromise. When that didn't work, Boris Yeltsin declared war. And that finally led to compromise. After eight days of haggling with Russia's supreme legislature, Russia's first | democratically elected leader took the podium on Thursday and proceeded to heap buckets of scorn upon the Congress of People's Deputies, a legislature populated with Soviet holdovers. Their simmering feud had finally boiled over. He blasted the body for "blocking reform," for orchestrating a "creeping coup." He accused Deputies of defiling the Kremlin meeting hall with "the sick ambitions of failed politicians." Then...
...Yeltsin was furious at the Congress for refusing to confirm acting Prime Minister Yegor Gaidar, his handpicked architect of reform. When confronted with a stark choice of submitting or facing the President at the ballot box, the balky Deputies under leader Ruslan Khasbulatov became more inclined to deal. So, on reflection, did Yeltsin. By week's end he had agreed to submit three candidates for Prime Minister and modified his referendum. Although a popular vote would still be Yeltsin's to lose, Russians will not be asked to choose directly between him and the Congress. Instead, they will determine...
These days, many Americans would be hard pressed to name any world leader aside from, perhaps, Boris Yeltsin. Imagine the puzzlement if U.S. headline writers began invoking first names like Helmut (Kohl) or Kiichi (Miyazawa). But all through Europe, Bill and Hillary have suddenly become as familiar as other one-word American icons like Madonna, Magic and McDonald's. Is this Clinton mania merely the latest manifestation of the one eternally booming U.S. industry -- the creation of international celebrities -- or does it speak to something larger about the worldwide perception of both America and its new President-elect...
Initial promises of support from the West remain largely unfulfilled, and Yeltsin is still waiting for $13 billion of the $24 billion in Western assistance that the major industrialized countries pledged last April. That money stopped when Russia failed to meet targets set by the International Monetary Fund for stabilizing the ruble and keeping inflation and the budget deficit in check...
Ultimately, the fate of Russia's economy depends on the grit of reform leaders like Yeltsin and Gaidar and the animal spirits of entrepreneurs. In the paradox-riddled new Russia, Yeltsin's struggling reforms still look like & the biggest and best risks that the country can take...