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  • Britain: the Teflon prime minister

    Stryker McGuire | Sep 19, 2007 10:20 AM
    Politics is a funny old business. Britain just experienced its first run on a bank in decades, with depositors queueing up by the hundreds to pull their money out of Northern Rock, an institution that specializes in home mortgages and faced severe liquidity problems in the midst of the global credit crunch. That in turn got Britons -- especially Londoners, who are sitting on some of the most expensive real estate in the world -- worrying about  a downturn, if not a bust, in the housing market. Meanwhile, the fiscally prudent started wailing about the deplorable state of savings generally in Britain, where consumerism has reached American levels (why save when you can borrow?). Surely all this spells trouble for Gordon Brown as he nears the fourth month of his prime ministership? More
  • Putin's ring of power

    Owen Matthews | Sep 19, 2007 06:32 AM

    Vladimir Putin has a problem. He's forbidden from standing for a third consecutive presidential term by Russia's constitution. But he wants to retain at least the option of returning to power after he steps down. The solution? To find someone reliable to serve as a caretaker president until Putin can stage a triumphant comeback. That person might be newly-appointed prime minister Viktor Zubkov, or it could be someone else from Putin's inner circle. By all accounts, Putin himself hasn't made up his mind.

    But, as Yulia Latynina points out in a must-read commentary in today's Moscow Times, things arent quite so simple in the "modern-day Mordor" of Moscow.

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