Weekend Economists Celebrates Psychedelia - March 14 - 15

[Demeter]

17. Russia in a spin as its Putin goes missing

http://www.cnbc.com/id/102503864

He is the most talked-about person in Russia - even when he's nowhere to be seen. Moscow is buzzing with talk about the whereabouts of Vladimir Putin who took a week-long hiatus from public appearances from March 5, fuelling wild rumours about the president's health, political future and love life. On Twitter, critics of the president have been tweeting morbid jokes and memes under the hashtag "Putin is dead", while Russian bloggers and pundits pore over the official Kremlin website looking for discrepancies in Mr Putin's alleged work schedule.

Andrei Illarionov, a former adviser to Mr Putin now based in Washington, claimed in a blog post that Mr Putin had fallen victim to a palace coup and fled abroad, while Konstantin Remchukov, an influential Moscow editor, alleged that the state-owned oil company Rosneft's chairman Igor Sechin was about to get the boot, indicating that a big government shake-up was looming.

In Switzerland, the news outlet Blitz.ch ran a report claiming that Alina Kabaeva, a former gymnast and Duma deputy who has been linked romantically with Mr Putin, had given birth to a child this week in Switzerland's Italian-speaking region of Ticino, suggesting that the Russian president had taken time off for a "baby mission".

The Kremlin's press service has brushed off the various allegations, with Mr Putin's spokesman repeatedly insisting that the president's health is "fine". On Friday, the Kremlin announced that he would be meeting the president of Kyrgyzstan - publicly - in St Petersburg on Monday. Later, Russian state television channels co-ordinated to show Mr Putin at a Kremlin meeting with the head of Russia's supreme court. However, at least one blogger claimed that the footage was dated, noting that the president's desk had a clock on it that was supposed to have been given away as a gift a few days earlier.

While most world leaders have been known to take a short sick leave, Mr Putin has rarely spent more than a day or two out of the spotlight during his 15 years in power, with the exception of two scandals early into his career: the Kursk submarine disaster in 2000 and the Moscow theatre hostage crisis in 2002...In 2012, reports surfaced that he was suffering from a spinal injury, or an even more serious illness, after reporters noticed him limping, and many of his meetings were rescheduled to take place at his residence rather than the Kremlin. However, any signs of an illness gradually disappeared and Mr Putin returned to being the picture of perfect health, aided by regular swimming workouts, hockey scrimmages and a strict diet of healthy eating and low alcohol intake.

Nikolay Petrov, a political analyst at the Higher School of Economics in Moscow, said he believed that Mr Putin's disappearance could be connected to a serious rift in Russia's political elite, but said the 62-year-old president could also simply be feeling the strain of his position - a very one-man job.

"I think he got tired, and perhaps there are some psychological problems or light health problem," said Mr Petrov. "Putin has been extremely active. He has had a very huge burden on him. And the fact that there is hands-on management means that he has to make decisions on a daily basis."

Though Mr Putin is likely to resurface on Monday, as promised, the kerfuffle surrounding his absence has further driven home the extent to which the Russian political system seems to be predicated on one person, said Konstantin von Eggert, a political commentator for Kommersant FM radio. He said: "We know there is a constitutional process in case the president is incapacitated, but Putin has definitely left his stamp on the Russian system to the extent that now his temporary disappearance throws everyone into disarray...It shows the system is based on one pillar."

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