U.S. Secretary of State Condoleezza Rice is making some news for her comments on Russia at the World Economic Forum at Davos. As the conference organizers are at great pains to make everyone get along and sound civilized, usually most tough questions and direct engagements are avoided, by Rice managed to slip in a little “hit and run” quip at Russia, but then later made up for it by saying the talk of a new Cold War is “hyperbolic nonsense.” See the video of her speech here, and some excerpted text from the transcript after the jump.