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Billionaires are playing an increasing role in US politics, and while some are very visible, several legal rulings have paved the way for other mega-wealthy donors to splash their cash and cover their tracks.
Since she conceded the presidential election to Trump — and with the financial tap from defeated oligarch backers presumably turned off for a while — her team has still been sending out mass emails, sometimes more than once a day.There's something you should know about oligarchs.The definition is simple. An oligarch is a person with tremendous wealth and political influence — two qualities that often go hand in hand.The reasons why an oligarch might not want the label are obvious.
Dmytro Firtash --- a puppet of Russian president Vladimir Putin -- Angola’s Isabel dos Santos and Aivars Lembergs of Latvia, along with some of their friends, family and fixers, were hit with an asset freeze and travel ban under global anti-corruption measures, the government said.
"The golden age of money laundering is over," UK Foreign Secretary David Lammy said.“The golden age of money laundering is over,” UK Foreign Secretary David Lammy said.Three “notorious kleptocrats” — including a Ukrainian oligarch wanted in the US — were sanctioned by the British government on Thursday in a bid to tackle dirty money flowing through the UK, officials said.Ukrainian oligarch Dmytro Firtash made his fortune in the gas trade thanks in large part to his close ties to Vladimir Putin.
Oligarchy (from Ancient Greek ὀλιγαρχία (oligarkhía) 'rule by few'; from ὀλίγος (olígos) 'few' and ἄρχω (árkhō) 'to rule, command') is a form of power structure in which power rests with a small number of people.
The consolidation of power by a dominant religious or ethnic minority can be considered a form of oligarchy. Examples include South Africa during apartheid, Liberia under Americo-Liberians, the Sultanate of Zanzibar, and Rhodesia.In the early 20th century, Robert Michels expanded on this idea in his Iron Law of Oligarchy He argued that even democracies, like all large organizations, tend to become oligarchic due to the necessity of dividing labor, which ultimately results in a ruling class focused on maintaining its power.I want to arm them against the lawyer, the doctor, the priest, the literary man, the professor, the artist, and the politician, who, once in authority, is the most dangerous, disastrous, and tyrannical of all the fools, rascals, and impostors. I want a democratic power strong enough to force the intellectual oligarchy to use its genius for the general good or else perish.During the presidency of Ferdinand Marcos from 1965 to 1986, several monopolies arose in the Philippines, primarily linked to the Marcos family and their close associates. Analysts have described this period, and even subsequent decades, as an era of oligarchy in the Philippines.
They gossip, share links, and have group conversations on WhatsApp that should probably be deleted after a set interval. If all DMs and chats were made public, who among us would escape hanging? ... On the other hand, the story carries obviously disturbing implications. Unaccountable oligarchs ...
They gossip, share links, and have group conversations on WhatsApp that should probably be deleted after a set interval. If all DMs and chats were made public, who among us would escape hanging? ... On the other hand, the story carries obviously disturbing implications. Unaccountable oligarchs conspiring against the powerless!Yet on further reflection there isn’t all that much that’s particularly new in the substance of what the chat logs reveal. The whole point of being an unaccountable oligarch is to conspire against the powerless.And the minutes of any serious attempt to change the course of events are going to be ripe for the plucking of embarrassing bits, especially when (as on any group chat) they include every word typed out instead of being edited for decorum as formal minutes would have been. The whole point of being an unaccountable oligarch is to conspire against the powerless.Billionaires: Their group chats are just like ours! Except...
UK police said they have shut down Russian networks that were moving billions of dollars for oligarchs, street gangs and spies by swapping cash for cryptocurrency across Europe, the Middle East and South America.
test of node and socket.io chat client. Contribute to oligarchy/chat development by creating an account on GitHub.
Former vice president of Yukos Mikhail Rogachev died in Moscow, state media reported.
BREAKING: The Russian oligarch and former vice-president of the oil giant Yukos, Mikhail Rogachev, mysteriously died yesterday after falling out of a window of his 11th-floor apartment in Moscow.
Those real tidbits ground a Cinderella story that follows Ani (Mikey Madison), a savvy stripper who knows enough Russian from her grandmother to chat with a client, Ivan (Mark Eydelshteyn). He turns out to be the son of an oligarch, and Ani gets the first glimpse of his wealth on a visit to ...
Those real tidbits ground a Cinderella story that follows Ani (Mikey Madison), a savvy stripper who knows enough Russian from her grandmother to chat with a client, Ivan (Mark Eydelshteyn). He turns out to be the son of an oligarch, and Ani gets the first glimpse of his wealth on a visit to his modern-day castle where their love story unfolds.Not much seems to have changed in the 14,000-square-foot compound in Mill Basin since the Anisimov family moved out a decade ago.Sean Baker’s Anora shot at a surreal and staggeringly huge Mill Basin mansion. Its story of oligarchs, émigrés, and mothers named Galina echoes Anora’s.Those scenes were shot last year in a Brooklyn mansion built by the family of a real Russian oligarch.
A step-by-step look at how U.S. economic sanctions work — and what happens to assets the government wants to freeze.
This is what it means to be “sanctioned” — you get cut off by anyone who needs continued access to the vast global financial systems connected to the United States. The penalty can be applied not just to oligarchs, but foreign officials, banks and even government institutions.
American billionaires have long placed their thumbs on the scale of democracy—but never like this.
But the oligarch election was not just about Musk. From the start of the primaries, it was almost impossible to separate what was happening on stage from what some of the richest people alive were doing off it. Rep. Dean Phillips’ primary challenge to Joe Biden was funded in large part by billionaire investor Bill Ackman.But Musk did offer something different, if not in any of the things he had to say—the inevitable race science and disinformation and faux-heterodox drivel of someone discovering conservative message boards for the first time while also playing Starcraft—than in the relationship between money and power he represented. This was the oligarch election.And Musk was the richest and most powerful oligarch of them all.The election was defined not just by the oligarchs who participated but by those who sat it out.
Oligarchy, government by the few, especially despotic power exercised by a small and privileged group for corrupt or selfish purposes. Oligarchies in which members of the ruling group are wealthy or exercise their power through their wealth are known as plutocracies.
Ask the Chatbot Games & Quizzes ProCon History & Society Science & Tech Biographies Animals & Nature Geography & Travel Arts & Culture Money Videos · oligarchy · Table of Contents Introduction References & Edit History Related Topics · Images · For Students ·oligarchy - Student Encyclopedia (Ages 11 and up) Ask the Chatbot a Question · Written and fact-checked by · The Editors of Encyclopaedia Britannica ·Aristotle used the term oligarchia to designate the rule of the few when it was exercised not by the best but by bad persons unjustly. In this sense, oligarchy is a debased form of aristocracy, which denotes government by the few in which power is vested in the best individuals.Most classic oligarchies have resulted when governing elites were recruited exclusively from a ruling caste—a hereditary social grouping that is set apart from the rest of society by religion, kinship, economic status, prestige, or even language.
A former Russian oil executive has been found dead after apparently falling from the window of his Moscow flat.
He went on to work as executive director of the Onexim group, oligarch Mikhail Prokhorov’s investment vehicle, and later deputy general director of Norilsk Nickel, a mining giant.
Russian oligarchs (Russian: олигархи, romanized: oligarkhi) are business oligarchs of the former Soviet republics who rapidly accumulated wealth in the 1990s via the Russian privatisation that followed the dissolution of the Soviet Union.
Well-connected oligarchs like Roman Abramovich, Michail Khodorkovsky, Boris Berezovsky and Vladimir Potanin acquired key assets at a fraction of the value at the loans for shares scheme auctions conducted in the run-up to the election.Defenders of the out-of-favor oligarchs argue that the companies they acquired were not highly valued at the time because they still ran on Soviet principles, with non-existent stock control, huge payrolls, no financial reporting and scant regard for profit.Once Boris Yeltsin became President of Russia in July 1991, the oligarchs emerged as well-connected entrepreneurs who started from nearly nothing and became rich through participation in the market via connections to the corrupt, but elected, government of Russia during the state's transition to a market-based economy.The so-called voucher privatization program of 1992–1994 enabled a handful of young men to become billionaires, specifically by arbitraging the vast difference between old domestic prices for Russian commodities (such as natural gas and oil) and the prices prevailing on the world market. These oligarchs became unpopular with the Russian public and are often blamed for the turmoil that plagued the Russian Federation following the collapse of the Soviet Union in 1991.
Ethics aside, the Russian’s possible return should be absurd given he cannot set foot in the country where the International Fencing Federation is based
The former minority shareholder of Arsenal and patron of Everton, described by the official journal of the EU as a “pro-Kremlin oligarch with particularly close ties to Russian president Vladimir Putin […] one of Putin’s favourite oligarchs”, had been one of the first Russian nationals to be subject to sanctions in the aftermath of Russia’s invasion of Ukraine.Yet, two-thirds of FIE’s 156 affiliate federations have proposed or endorsed the oligarch for the election that will take place on 30 November in Uzbekistan, the country where Usmanov was born and which he represented as a sabre specialist in the days of the old USSR.Russian oligarch Alisher Usmanov attends an awarding ceremony for Russian Olympic medallists returning home from the 2016 Rio Olympics at the Kremlin.
The U.K. has sanctioned Ukrainian oligarch Dmytro Firtash, along with Angolan billionaire Isabel dos Santos, and Latvian politician Aivars Lembergs, according to the U.K. government’s website statement on Nov. 21.
Billionaires are playing an increasing role in US politics, and while some are very visible, several legal rulings have paved the way for other mega-wealthy donors to splash their cash and cover their tracks.
Since she conceded the presidential election to Trump — and with the financial tap from defeated oligarch backers presumably turned off for a while — her team has still been sending out mass emails, sometimes more than once a day.There's something you should know about oligarchs.The definition is simple. An oligarch is a person with tremendous wealth and political influence — two qualities that often go hand in hand.The reasons why an oligarch might not want the label are obvious.
Oligarchs are individuals with extreme wealth and political or social power.
The term “oligarch” derives from “oligarchy,” a system of government in which a small number of people maintain power. Oligarchies most often connote tyrannical or despotic rule by a small number of people who control or limit political agency of the majority not in control.In contemporary terms, an “oligarch” most commonly refers to an individual who is a member of an elite economic group and who maintains power through extreme wealth, important business ties, or similar connections.The term “oligarch” is commonly associated with a group of powerful business leaders in Russia, most of whom built or consolidated their wealth following the dissolution of the Soviet Union in the 1990s. As the Soviet state collapsed, the future of state-owned assets and resources became unclear.A small group of well-connected businessmen jumped at the chance to privatize and take ownership of these assets and resources. Russian oligarchs include owners of mining and steel operations, media conglomerates, and similar operations that were formerly state-run.
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The meaning of OLIGARCH is a member or supporter of an oligarchy. How to use oligarch in a sentence.
a member or supporter of an oligarchy; one of a class of individuals who through private acquisition of state assets amassed great wealth that is stored especially in foreign accounts and properties and who typically maintain close links to the highest government circles… See the full definitiona member or supporter of an oligarchy… See the full definitionThe task force will pool the resources of the countries' law enforcement divisions to track down the assets of Russian oligarchs stashed overseas, a difficult task complicated by the opaque or complicated financial instruments frequently used by Russian financial elites to hide their holdings from public view.—Jeff SteinRead More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback. One of the secrets of Putin’s longevity in the Byzantine world of Russian politics is his alliance with a handful of wealthy men known as oligarchs.
OLIGARCH meaning: 1. someone who is extremely rich and powerful, especially a person from Russia who became rich…. Learn more.
Fight against corruption and set the oligarchs to power. ... These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. ... Get a quick, free translation! ... an image that represents you in online games, chat rooms, etc.OLIGARCH meaning: 1. someone who is extremely rich and powerful, especially a person from Russia who became rich…. Learn more.1. someone who is extremely rich and powerful, especially a person from Russia…The Russian oligarchs spent money on London real estate.
Valery and Olga Kogan's 5,398-square-foot penthouse at 15 Central Park West features four bedrooms, and stunning panoramic park and city skyline views.
Valery and Olga Kogan’s 5,398-square-foot penthouse at 15 Central Park West features four bedrooms, and stunning panoramic park and city skyline views.Billionaire Russian oligarch Valery Kogan, a pal of President Vladimir Putin and the co-owner of Moscow’s Domodedovo Airport, and his wife Olga are in contract to sell their gilded pad at 15 Central Park West, according to StreetEasy.Last year, the Kogans sold their condo at 515 Park Ave. — where the feds seized sanctioned oligarch Viktor Vekselberg’s two units — for $14.5 million, as Gimme Shelter previously reported. They had first listed it for $25 million in 2020.