LA Times story on Putin's latest moves toward the 2012 elections. It seems he's out and about on a psuedo campaign. With a higher profile now, it may be the start of him attempting to retake the presidency in two years. Time will tell.
Contrast the LA Times story of Putin's activities with this clip from the current president that he posted on twitter. I'm sure Medvedev has done alot more (I've been very behind on my russian news) but it sounds like Putin may have the lead on him in terms of dealing with the recent disasters in Russia and portraying himself as the more able leader.
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