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This all amounts to the first serious test of Putinomics--the policies put in place by Prime Minister Vladimir Putin during the two terms of his presidency, from 2000 to 2008, and continued by his successor, President Dmitri Medvedev. While oil money was pouring in, the Kremlin was able to fund generous social spending and hefty pay raises awarded by the monolithic state companies that dominate the economy. Jobs were plentiful, and over the past five years, average wages have risen 25% annually...
...says mysteriously, "it was a crisis that helped us move a step ahead." Business, both insist, has not been affected. But press Petrov on prospects for the year and he shifts uneasily in his seat. "We will be making some corrections," he finally concedes. Putin himself couldn't have put it better. The question is, Just how much pain will Russians have to endure before the government makes the corrections that are so desperately needed...
...right," Cretton replied. "I worked for two years at a residential facility for at-risk teenagers." I felt an interesting mix of discomfort and validation. Then Cretton put his arm around me and said, "It's not about winning and losing. We're all at Sundance together." When he offered me his half-eaten lollipop, the discomfort quickly melted away...
...put it mildly, wise spending of such aid is not a given. Pakistan has a long history of corruption, so any leverage the U.S. has over Zardari might be used to ensure that he runs a clean administration and rebuilds Pakistan's institutions. Leaders of the reformist lawyers movement that helped undermine Musharraf, for example, say Zardari hasn't yet restored the courts' independence...
...thread two needles at the same time ... He has to get the Pakistani army to step up the fight against extremists, even as he's telling the generals, 'Sorry, guys, we're making the civilians your bosses.'" In the past, the military has actively undermined every effort to put it under civilian control; expect more of the same. There are not many carrots the U.S. can dangle before Kayani to get him to change old habits. But the Biden-Lugar bill does provide some leverage: it requires $1 billion in military aid to be conditional on more effort...