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...first time this year. But no one will be giving him the benefit of the doubt after the dramatic resignation of his economic adviser, the outspoken liberal reformer Andrei Illarionov, 44. The economist, a Kremlin maverick, fought to curb state interference in the economy, particularly in the energy sector. But with Moscow tightening its grip on oil and natural gas, Illarionov was recently stripped of a key post with the G-8 and had his staff cut. Illarionov implies he had been under pressure to keep quiet. "I chose to resign instead," he tells TIME. His exit came as Moscow...

Author: /time Magazine | Title: Putin Boots A Reformer | 1/3/2006 | See Source »

...Norway, honored Nobel laureate Mohamed el-Baradei and his International Atomic Energy Agency with performances by Duran Duran and Gladys Knight. Hayek knows viewers may tune in to see her and Moore, not the honoree. "Why do we only pay attention to important issues if people from an unimportant sector--entertainment--talk about them?" the Frida star asks. "We want to be distracted from thinking...

Author: /time Magazine | Title: People: Jan. 9, 2006 | 1/1/2006 | See Source »

...architects of Russia's flat income tax; and from the outset of the first term of President Vladimir Putin, who appointed him economic adviser in 2000, he has been outspoken in his efforts to curb state interference in the economy, especially in the all-important energy sector. "He's one of the smartest people in Russia," says William Browder, founder of a Moscow-based investment fund. But last week Illarionov, 44, abruptly resigned. "When I took the job, we spoke about pursuing a liberal economic policy," he explained. "Now, the state has evolved in quite the opposite direction...

Author: /time Magazine | Title: Putin's Power Surge | 12/31/2005 | See Source »

...that Russia's economy is actually underperforming. Given the windfall profits it has been receiving from high oil prices, Russia's growth rate should be more like 15% than 6%, says Illarionov. Furthermore, Russia runs a clear risk by pegging so much of its economy to the energy sector. Illarionov describes Russia as evolving into "a new corporatist model" - one in which the economy is dominated by monopolistic quasi?state controlled corporations. In addition to Russia's renationalization of the oil industry, in November the country's weapons-trade monopoly, Rosoboronexport, announced it was taking control of Russia's largest...

Author: /time Magazine | Title: Putin's Power Surge | 12/31/2005 | See Source »

...attack is likely to shift attention within India to the question of how well prepared the country's outsourcing centers are for terror strikes. In a press statement released immediately after the terror attack, NASSCOM, the trade body for India's technology sector, stated that the country's outsourcing companies already have many security measures in place; however, it said that the incident ?highlights the need to review and upgrade these.?-with reporting by Habib Beary in Bangalore

Author: /time Magazine | Title: Is Outsourcing the Next Terror Target? | 12/29/2005 | See Source »

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