The Moscow Times

Business: RenCap Cuts RTS '08 Target to 2,350
Renaissance Capital on Monday slashed its year-end forecast for the benchmark RTS Index from 3,000 to 2,350 and increased its equity risk premium for the country from 4 percent to 5.5 percent in a sign of continued investor jitters.

News

Arms Chief in Race to Grab Assets
By Max Delany / Staff Writer With his balding head and benign air, Sergei Chemezov seems more like a small-town shopkeeper than the man in charge of one of the world's largest arms exporters.

U.S. Fails to Break Missile Defense Impasse
By Nikolaus von Twickel / Staff Writer Despite an improvement in atmosphere over previous meetings, Washington and Moscow are unable to reach agreement.

Rice Invites Yavlinsky, Not Kasparov, to Talks
Combined Reports U.S. Secretary of State Condoleezza Rice, who has accused the Kremlin of harassing the political opposition, met some leading liberals on Tuesday but did not see the Kremlin's most strident critics.

News in Brief
Youth Leader Faces EvictionAbkhazia's Plane Claim

Spitzer's Replacement Begins Term With Affair Disclosure
The Associated Press Just hours after he received a standing ovation from lawmakers chanting his name, New York's newly sworn governor was answering questions about straying from his own marriage.

U.S. Cuts Key Rate by 3/4 Point
Reuters The Federal Reserve slashed a key U.S. interest rate by three-quarters of a percentage point on Tuesday, a substantial cut, but smaller than many in financial markets had expected, as part of an effort to hold off a deep recession and financial meltdown.

Dalai Lama Threatens to Step Down
The Associated Press The Dalai Lama threatened on Tuesday to step down as leader of Tibet's government-in-exile if violence committed by Tibetans in his homeland spirals out of control.

NATO Puts Foot Down in Kosovo
Reuters NATO placed the Kosovo town of Mitrovica under de facto military law on Tuesday after riots by a hostile Serb population killed one UN policeman and forced the pullout of UN personnel.

300,000 Ruble Hospital Bill Tips Off Police to Beria Hoax
The Moscow Times Had he gotten away with it, Igor Bely would have been remembered as the head of the Soviet Union's most covert security agency, whose feats included saving the world from nuclear obliteration and killing feared state police chief Lavrenty Beria.

Borodin's Former Lawyer Arrested in Belarus
The Associated Press The arrest of a U.S. lawyer in Belarus last week remained shrouded in mystery Tuesday as local authorities declined to provide any information on his detention.

Medvedev Appeals for Open Debate
Reuters President-elect Dmitry Medvedev urged experts outside the Kremlin to stimulate public debate about the economic and social challenges facing the country.

Super Spy Agency in the Works
By Matt Siegel / Staff Writer The government is close to creating a centralized body along the lines of the FBI in the United States, as part of a major restructuring of the investigative departments of multiple state security and law enforcement agencies, a report said Tuesday.

Duma Losers Scramble to Pay Debts
By Natalya Krainova / Staff Writer Parties that failed to garner at least 3 percent in December's State Duma elections are scrambling to pay off debts to the federal budget, largely for television ads during the campaign.

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