Thursday, July 13, 2006

WHY RUSSIA IS SO WEAK -- There are lots of reasons, but here is one example: "But in November, William Browder was turned away at the Moscow airport. Browder wasn't told why, but he says he believes he ran afoul of someone influential because of his outspoken criticism of Russian corporate governance. Since then, he's been unable to get a visa to return to Russia, even though his Hermitage Capital Management Ltd. has $4 billion invested in the country, making it the largest foreign institutional investor there."