Word: oligarchs
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...starting to play more of a role: Manchester United is traded on the London Stock Exchange, and one of its largest shareholders is American. The west-London club Chelsea look set to debunk the maxim that success can't be bought, following its acquisition by ?migr? Russian oligarch Roman Abramovich, who has added close to $200 million to the team's war-chest for buying as many of the world's best players as they can find. And the fans of Liverpool F.C., whose status as a local icon may be even greater than that of the Beatles, are facing...
...starting to play more of a role: Manchester United is traded on the London Stock Exchange, and one of its largest shareholders is American. The west-London club Chelsea look set to debunk the maxim that success can't be bought, following its acquisition by ?migr? Russian oligarch Roman Abramovich, who has added close to $200 million to the team's war-chest for buying as many of the world's best players as they can find. And the fans of Liverpool F.C., whose status as a local icon may be even greater than that of the Beatles, are facing...
...could trust. But for many other Western commentators from all ends of the ideological spectrum, Putin is more akin to a risen ghost from Russia's nasty past. His government's relentless campaign to squelch political opposition and silence independent media; its hounding of the "oligarch" business tycoons whose control over vast swathes of the economy create a potential alternative power center; and the clumsy brutality of his campaign against Chechen separatism fuel concerns that post-communist Russia is being turned, once again, into a fiefdom worthy of the Czars and the Commissars. And the fact that Putin has eschewed...
...strong (read authoritarian) state is necessary to the country's survival and prosperity. There are no indications that he plans to revive the disastrous central planning of the Soviet-era economy; he remains a strong advocate of market economics. Indeed, the stellar performance over the past decade of the oligarch-owned corporations in the energy sector will be the strongest deterrent to restoring any sort of public ownership - Putin and his minions know better than to kill the goose laying the golden egg. After all, the KGB had been first among the Soviet Union's institutions to recognize the decrepitude...
...Kremlin persecution of Russia’s powerful oligarchs has become routine: An obscenely rich Russian criticizes the president, often on his own TV station; Putin sends ski-masked officers from the Federal Security Service—the successor organization to the KGB—to confiscate assets and arrest the upstart; and the oligarch either escapes abroad—usually to London—or languishes in prison until he accedes to the president’s demands. Khodorkovsky hasn’t gotten past the languishing-in-prison stage, and, unlike his predecessors, it looks as though...