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Tag: Nationalization


Bankers Win Both Ways: Now They Can Take Both Taxpayer and Depositor Money

On March 20, European Union officials reached a historic deal to save failing banks by tapping both taxpayer and depositor funds. It may be illegal under EU Parliament, but is being rushed through to lock taxpayer and depositor liability into place before the dire state of eurozone banks is exposed.

Posted on Mar 29, 2014 READ MORE


Thatcher and Chavez in Heaven

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Posted on Apr 11, 2013 READ MORE



ell brown (CC BY 2.0)

Money for the People: Comedian Grillo’s Populist Plan for Italy

Default on the public debt, nationalization of the banks, and a citizen dividend could save the Italian economy.

Posted on Mar 7, 2013 READ MORE


Morales
AP / Juan Karita

Nationalization Becomes Electric

President Evo Morales is pressing forward with his nationalization program in Bolivia, seizing four private electric companies Saturday morning. The government now controls 80 percent of the country’s power generation.

Posted on May 1, 2010 READ MORE



Flickr / No Sweat UK

Iraq’s Oil for Iraq

In an announcement that was one part election hackery and one part good domestic politics, the Iraqi prime minister has declared that his country will not sell the rights to any more of its oil fields to foreign companies, a move that signals an intent by Iraq to develop its own national oil industry.

Posted on Feb 20, 2010 READ MORE


Wall St. bull
AP photo / Mary Altaffer

Socialism Without a Soul

Newt Gingrich is right: “It is European socialism transplanted to Washington.” How else to describe an economy in which the government controls the entire financial center and is now supplying life support for the auto industry?

Posted on Mar 10, 2009 READ MORE


Left, Right & Center

‘Left, Right & Center’: Obama’s Budget, Jindal’s Debut

Disagreement abounds on this week’s episode of “Left, Right & Center,” especially when it comes to President Obama’s budget plan and the origins of the economic crisis it’s intended to remedy. Who’s the moderator again? And is Bobby Jindal done for?

Posted on Feb 27, 2009 READ MORE


trading floor
AP photo / Richard Drew

And Now for Some Financial News That’s Not Utterly Disastrous

This just in: Not everything is completely awful in the financial arena. Rejoice—stocks went up a little bit! Even if it’s just because Fed Chair Ben Bernanke assured Wall Street that our nation’s banks won’t be nationalized soon, and even if the 2 percent rise happened a day after the Dow dipped to 12-year lows.

Posted on Feb 24, 2009 READ MORE


¿Zapping Zapata?

Mexican President Felipe Calderon released his plans Wednesday to give greater autonomy to the country’s nationalized oil monopoly PEMEX, a move criticized as privatizing the industry that constitutes 40 percent of federal income. With domestic oil production falling for the past six years, Calderon has had to negotiate his pro-business politics amid steadfast public opinion against denationalization.

Posted on Apr 9, 2008 READ MORE


Bush Calls for End of Communism in Cuba

While preparing for his Latin American tour, the president suggested that Cuban communism should die with Fidel Castro. Bush also took a shot at his nemesis in the region, Venezuela’s Hugo Chavez, for his recent decision to nationalize some private industry: “I strongly believe that government-run industry is inefficient and will lead to more poverty.” Before passing judgment, remember that our president is, in fact, an expert on government inefficiency.

Posted on Mar 7, 2007 READ MORE


Chavez
nytimes.com

Chavez Terrifies Corporations

Hugo Chavez announced plans on Monday to nationalize companies in Venezuela’s telecommunications and power industries, saying: “All that was privatized, let it be nationalized.” The recently re-elected president has ramped up efforts to transform Venezuela into a socialist society, while at the same time consolidating his power.

Posted on Jan 9, 2007 READ MORE


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