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...this particular juncture in Russian history, it is Lebedev's self-assigned role to play, simultaneously, the oligarch and the anti-oligarch - to be the big, brash banking magnate whose estimated wealth prior to the financial crisis was around $3.7 billion and to decry the system that produces people like him, to live among the powerful while lambasting those who lord it over others. Before the global downturn, which Lebedev says has cost him $1 billion, he was a predictable, if persistent, critic of former President and current Prime Minister Vladimir Putin, routinely calling for an independent legislature, a free...

Author: /time Magazine | Title: Alexander Lebedev: Rich Advice | 7/27/2009 | See Source »

...from Chapter 11 focused on just four brands: Chevrolet, Cadillac, Buick and GMC. The Federal Government, which has committed $50 billion to the company, took a majority stake and installed a new chairman. The restructurings of GM and Chrysler were considered coups for President Obama's auto task force, whose head, Steven Rattner, said he will step down...

Author: /time Magazine | Title: The World | 7/27/2009 | See Source »

...very generalization of travail dominical that Darcos denies. They also vow to challenge the law before France's Constitutional Council on the somewhat ironic grounds that by allowing only some shops to operate Sundays, it violates the rights of employees who may want to work on Sunday but whose shops are not covered by the reform...

Author: /time Magazine | Title: Many French Dislike Law Increasing Sunday Shopping | 7/24/2009 | See Source »

Berezovsky, whose star rose under Boris Yeltsin and plummeted when Vladimir Putin came to power, alleges that Abramovich persuaded him and Patarkatsishvili to part with their interests in both companies at knockdown prices by warning them that the Kremlin would otherwise seize their assets and they would get nothing at all for them. Berezovsky had already been forced to surrender his media enterprises in Russia and fled the country for Britain in 2001. Berezovsky claims that Abramovich also promised to intercede on behalf of Nikolai Glushkov, a former associate of Berezovsky's who had been arrested on fraud charges...

Author: /time Magazine | Title: Russian Oligarchs Seek English Justice | 7/24/2009 | See Source »

Both the U.S. and Georgian governments later denied that any negotiations were being held. But State Department spokesman Philip Crowley said the U.S. had not ruled out rearming Georgia, whose military was crushed during its brief war with Russia last August. The possibility of such a deal, or even the discussion of it, puts the Obama Administration in a difficult position, forced to choose between a reset of relations with Russia or indulging Saakashvili's request. "It is a huge political mistake to support Saakashvili. By giving him weapons, the U.S. would be putting guns in the hands...

Author: /time Magazine | Title: Biden's Balancing Act in Georgia and Ukraine | 7/24/2009 | See Source »

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