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...Yeltsin doesn't control), the ruble supply has tripled since last July. Now, with the inflation rate approaching 50% a month, no Westerner in his right mind would invest in Russia. For Yeltsin, says Michael Mandelbaum, the Johns Hopkins University professor who wrote the Clinton transition team's Russia memo, "it's a chicken and egg thing. He'll never be in firm control politically until the economy improves, and the economy won't improve until he takes the the tough economic measures he's been constrained from taking because he's weak politically." The trick is to get cash...

Author: /time Magazine | Title: The Political Interest: It's the Ruble, Stupid! | 3/29/1993 | See Source »

...memo to Allen the same day, Lund wrote, "Marianna and I met yesterday afternoon and reviewed the missing portions of the Harvard PC. I told her as a general proposition we'd like the information to be right there, rather than cross-referenced or 'available on request,' and that in particular the information about certain kinds of investments needed to be furnished in more detail than they were doing...

Author: By Stephen E. Frank, | Title: Harvard Evades Tax Disclosure | 3/26/1993 | See Source »

...told them that we would be considering changes in the PC form, and if this were done it would presumably solve our difficulties with their filing," Lund wrote in a memo describing the meeting...

Author: By Stephen E. Frank, | Title: Harvard Evades Tax Disclosure | 3/26/1993 | See Source »

...memo further described recommendations Pierce and Sedlacek made for the revisions of the form...

Author: By Stephen E. Frank, | Title: Harvard Evades Tax Disclosure | 3/26/1993 | See Source »

Among other suggestions, the Harvard officials noted that "they do not want to list their 'nonpublic investments' and supply a value for them," according to the memo, because they said making the information public would put them at a competitive disadvantage...

Author: By Stephen E. Frank, | Title: Harvard Evades Tax Disclosure | 3/26/1993 | See Source »

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