Issue #834 (2), Tuesday, January 14, 2003 | Archive
 
 
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LOCAL NEWS

CONFUSION REIGNS OVER DAM MONEY

President Vladimir Putin said Friday that a "very large" sum of money has been found to complete St. Petersburg's long-awaited flood-protection barrier - but the news seemed to be a surprise to Putin's personal representative to the Northwest Region, Viktor Cherkesov

At a press conference Monday, Cherkesov could account for only just over half of the funds, which, according to Interfax, total $600 million, and failed to specify all the sources.

 

GOVERNMENT MAKES NEW YEAR'S RESOLUTIONS

MOSCOW - Leading bureaucrats from key ministries and a smattering of lesser committees and agencies offered up their New Year's resolutions for 2003 on the government Web site Thursday.

MANY RUSSIANS STILL LEFT WITHOUT HEAT

As temperatures in St. Petersburg inched up to a balmy minus 5 degrees Celsius, many other parts of the country remained in a deep freeze Monday, with more than 28,000 Russians shivering in unheated apartments, the president chiding his cabinet and northern ports threatened with shutdowns due to ice (see story, p.

 

SURGEON FOUND GUILTY OF MALPRACTICE

MOSCOW - In a rare outcome for malpractice complaints, a court in southern Russia found a neurosurgeon guilty of improperly treating a patient and handed down a three-year suspended sentence, although the verdict will not bar the doctor from practicing medicine.


All photos from issue.

 

NATIONAL NEWS

CITY CHARTER TURNS 5 YEARS OLD

The City Charter, which has been at the center of disputes between some Legislative Assembly deputies and the City Administration over the past year, celebrates its fifth birthday on Tuesday.

To mark the occasion, the City Charter Court, set up over two years ago to settle charter-related questions, invited all Legislative Assembly deputies, as well as prominent political figures such as Economic Development and Trade Minister German Gref and Deputy Head of the Presidential Administration Dmitry Kozak to a special get-together.

 

POLL: MOST RUSSIANS FAVOR PEACE TALKS FOR CHECHNYA

MOSCOW - More than half of Russians favor peace negotiations with Chechen separatists over the military campaign in Chechnya, and many of those opting for peace are pro-Communist retirees and nationalist young men, according to a leading pollster.

MURDERED WEB DESIGNER BURIED

Holding red carnations and brushing away tears, a mixed crowd of academics, Internet specialists and visitors to Vladimir Sukhomlin's military Web sites stood in silence Monday morning at Moscow State University's Department of Computing Mathematics and Cybernetics to pay tribute to its recent graduate and youngest teacher, who investigators say was beaten to death by two police officers hired for the job.

 

FOREIGNERS FEELING STRAIN OF LIFE IN TODAY'S RUSSIA

MOSCOW - Some Westerners living in Russia are feeling nervous. With the Peace Corps made redundant, the Organization for Security and Cooperation in Europe squeezed out of Chechnya and a respected U.


 

LOCAL BUSINESS

SHIPPING LEFT HIGH AND DRY AT SEA PORT

As a result of poor weather conditions, the Maritime Administration of the St. Petersburg Sea Port has banned low-power vessels from entering the port, it said in a statement on Monday.

The severe cold hasmeant that cargo-handling has been delayed, with up to 90 vessels having to wait in line for access to the port, and over 6,000 railroad wagons being kept on sidings, and unable to unload onto ships.

 

POTTER CASTS SPELL OVER BOX OFFICE

MOSCOW - Harry Potter, the bespectacled children's book hero, has worked his record-breaking magic on the local film world, leading "Harry Potter and the Chamber of Secrets," the movie version of the second book in J.

FOREIGN BANKS RACE TO INVEST IN CONSUMER-LENDING BOOM

MOSCOW - Splurging shoppers are reaping the rewards of their efforts, with consumer lenders dropping rates and Western banks racing to enter a booming industry that was virtually nonexistent just a few years ago.

Austria's Raiffeisenbank on Monday became the first major foreign bank to offer unsecured consumer loans, affording clients up to $10,000 at 14 percent, an annual rate second only to state savings bank Sberbank.

 

TURNOVER RISES AT CITY'S EXCHANGE

The turnover of the St. Petersburg Stock Exchange increased by 32.6 percent in 2002 over 2001, reaching 428 billion rubles ($13 billion), it reported in an official statement last week.

LUZHKOV'S WIFE BUYS INTO RUSSKY ZEMELNY

MOSCOW - Yelena Baturina, the wife of Moscow Mayor Yury Luzhkov, has bought a controlling stake in one of 21 banks authorized to handle City Hall's finances.

The stake, bought by Baturina late last month for an undisclosed amount, brings her total holding in Russky Zemelny Bank, or Russian Land Bank, to 52.

 

NEW RULES TO HIT DRINK BOOTLEGGERS

MOSCOW - New rules on how the tens of billions of rubles collected each year in alcohol excise taxes are divvied up will help drive bootleggers out of the market and boost federal budget revenues, a leading industry expert said Friday.

NOT JUST ANOTHER CHIP OFF THE OLD SOVIET BLOC

MOSCOW - The year was 1972, U.S.-Soviet detente was in full swing and a 22-year-old chemistry graduate named Steve Chase was deciding where to start his career, one that would eventually carry him to the highest echelons of Russia's IT industry.

Courses in Russian and Soviet history in his junior and senior years at Ohio Wesleyan University had sparked Chase's interest in Russia and led him to pursue Russian language studies at the U.

 

AFTER HOT YEAR, MARKET CHILLING

MOSCOW - Russian equities continued their world-beating run in 2002, with the benchmark RTS index gaining nearly 40 percent to trump all but Pakistan's main bourse.


 

OPINION

CASPIAN ENERGY HYPE BEGINS RUNNING LOW

OVER the past decade, the Caspian Basin has been America's top policy priority in Eurasia. U.S. officials have touted the Caspian as one of the world's most significant new energy finds; providing the context of a new "great game," pitting Russian and U.

 

A FASHION FOR INFLATION FINALLY APPEARS

THE price of tin, whose marriage to copper brought humans out of the Stone Age and which is a component of toothpaste and garbage cans, has risen 15 percent since August to $4.

INTERNATIONAL MONETARY FUND BACKS DOWN ON BANKRUPTCY

THE International Monetary Fund, bowing to strenuous objections from banks and investors over its proposed "bankruptcy" system for indebted countries, unveiled a proposal last Tuesday that omits one of the plan's most controversial features.

 

ONE MORE UNSUNG TRAGEDY FOR RUSSIA

Editor,

The end of the year turned out to be an unhappy one for Russian and Ukrainian aviation in more ways than one.

Little noticed among the names of those senior engineers, plant managers and other aviation experts who perished in December's crash of an Antonov An-140 near Isfahan, Iran was one of Russia's most prominent aviation journalists.

TIME FOR PUTIN TO CHOOSE

IT'S tough being Vladimir Putin these days. History has handed him a true challenge and he must think long and hard before deciding this, his single greatest dilemma: Should he do only the minimum necessary to be re-elected to a second term or remain true, more courageously, to his declared mission of modernizing Russia? His choice is between continuing his role as stabilizer, thus preserving the "elected monarchy" status quo, and becoming a transformer, a pioneer reorganizing for the first time in history the way Russia is ruled, restructuring the power vertical and purging bonds between power and business.

 

RESOLUTION FOR THE OLD NEW YEAR'S

IF you didn't get around to making New Year's wishes and resolutions by Jan. 1, you got a second chance on Old New Year's, which was Monday. With a few days to spare, members of the government weighed in last week.

TIME TO WAKE UP TO THE REAL NUKE DANGER

MASKED men armed with clubs - clubs! - last week forced their way into a once-secret plant. They beat the guards into submission, tied them up, and stole 450 kilograms - 450 kilograms! - of a powder used in nuclear reactors. And then they were gone.

How is this not news? True, it happened in one of the more obscure Stans (Kyrgyzstan).

 

GLOBAL EYE

The great wizard, leader of the Wise, once known to all the world as a force for good, has turned bitter, fearful - and ambitious. Aping the ways of the evil he once fought - brutality, dominance, greed, terror - he descends to his secret laboratory, where, with black arts of alchemy and fiendish technology, he breeds a race of mutant warriors, "iron bodied and iron willed": fierce fighters who can attack day and night, without rest, their combat spirit kept soaring by spikes of lightning from the wizard's wand.



 
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