tagged w/ Nationalization
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http://reut.rs/JTAKVU
I say good for them! Bolivia is nationalizing the power company. Now they can use the generated revenue to actually _help_ their people.http://reut.rs/JTAKVU
I say good for them! Bolivia is nationalizing the power... more
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The original initiative to oust Mossadegh had come from the British, for the elderly Iranian leader had spearheaded the parliamentary movement to nationalize the British owned Anglo-lranian Oil Company (AIOC), the sole oil company operating in Iran. In March 1951, the bill for nationalization was passed, and at the end of April Mossadegh was elected prime minister by a large majority of Parliament. On 1 May, nationalization went into effect. The Iranian people, Mossadegh declared, "were opening a hidden treasure upon which lies a dragon". http://www.makeahistory.com/index.php/recent-news/43032-iran-1953-us-military-and-cia-intervention-killing-hope-free-bookThe original initiative to oust Mossadegh had come from the British, for the elderly... more
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worrg
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added this
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6 months ago
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By David P Shirk
It is foolish to attack what you do not understand. Being foolish is being ignorant of the facts and acting upon your limited knowledge. It is not possible for one person to know everything, and therefore foolish to act more than they have too. However whenever you place a power over you to make decision that you could not, than you are twice the fool.
The problem with being a governed people is that we all too often want our politicians to fix the injustices of this world as we see them. The problem is that in the pursuance of this, we are often blissfully unaware of the collateral damage until it becomes too late. This has a multitude of unintended consequences that only serves to further divide our nation. This creates a very diverse set of rules that attempts to please everyone, but only has one conclusion – a collapse.
For instance, Hamilton thought that the only way to protect the newly formed union was by making a standing army with a solid navy. At the time, there was only one way to accomplish this, and that was to create a fiscal military state. This means that the lion’s share of the national income goes to paying for said entities. However he recognized from earlier examples of other nations that the only way to build a sizable military was to institute a central bank that could fund such a debt that is inevitably created by having standing armies.
In this particular case he met well, but was blissfully naive as t...
http://www.peacefreedomprosperity.com/?p=3604By David P Shirk
It is foolish to attack what you do not understand. Being foolish... more
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White House Covers Up Menacing Oil “Blob”…VIDEO BP Doesnt Want Seen!!!
by Wayne Madsen
May 19, 2010
In an exclusive for Oilprice.com, the Wayne Madsen Report (WMR) has learned from Federal Emergency Management Agency (FEMA) and U.S. Army Corps of Engineers sources that U.S. Navy submarines deployed to the Gulf of Mexico and Atlantic Ocean off the Florida coast have detected what amounts to a frozen oil blob from the oil geyser at the destroyed Deep Horizon off-shore oil rig south of Louisiana.
For FUll Story and Click here to See …VIDEO BP Doesnt Want Seen!!!...http://ctpatriot1970.wordpress.com/2010/05/20/white-house-covers-up-menacing-oil-blob-video-bp-doesnt-want-seen/White House Covers Up Menacing Oil “Blob”…VIDEO BP Doesnt Want... more
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Bolivian President Evo Morales has ordered the nationalization of four private electricity companies.
Police moved into the offices of Corani, Valle Hermoso and Guaracachi firms, following Mr Morales' decree. Corani is half owned by a subsidiary of France's GDF Suez. Guaracachi's main partner is Britain's Rurelec, while ELFEC and Valle Hermoso are local.
President Morales said that the government now controlled 80% of electricity generation in the country.
Last year, Mr Morales announced the takeover of a subsidiary of British oil company BP, which supplied jet fuel across the Andean nation.
http://news.bbc.co.uk/2/hi/americas/8656106.stmBolivian President Evo Morales has ordered the nationalization of four private... more
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CNN's Video Report {Copy & Paste}: (http://edition.cnn.com/video/#/video/international/2009/03/05/elwazer.lebanon.citizenship.cnn)
The Current Reality on Lebanese Soil:
All over Lebanon, women who marry foreigner mates are denied their ultimate and universal right to pass along their nationality. This basically extends to not only the husband (foreigner), but also to their children. Such a reality, however, is not faced by men who marry foreign women (thus easily passing their nationality to the man's whole family).
This rendered inequality of citizenship is discriminatory and it denies women a basic human right. It also has serious implications for children...Article also published on the activist Group on Facebook: (http://linkbee.com/LebWomanEquality) quoting: "Men of quality, RESPECT women's equality".
The various goals of the campaign include:
- Primary Objective: Advocating equal access of women to full nationality and citizenship rights
- The actual realization and display of equality WITHOUT reservation (thus by Law)
- Concentrate the public attention towards this subject matter, and accordingly acting upon it as soon as possible.
Thanks go out to: Schams Elwazer, Greta Sassine Nawas, Bilal Younes, Mohammad Ahmad, Zinab Chahine, and many others for all their continuous efforts, devotion to the subject matter and insistence to make the voice of all Lebanese mothers heard (and especially for the government to act)!
Publisher: Elias N.CNN's Video Report {Copy & Paste}:... more
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Viper7
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added this
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3 years ago
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When I think of the potential for future inflation from the combined current actions of the Treasury and Federal Reserve, I need a little comic relief.When I think of the potential for future inflation from the combined current actions... more
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From funnyordie.com
Now the US government owes Citibank 36% of the company, do expect some advertising like this...
(Warning: contains strong language)From funnyordie.com
Now the US government owes Citibank 36% of the company, do... more
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It’s time to accept that we are approaching an economic dislocation that has been decades in the making. It is the mathematically-inevitable consequence of an system that tends towards instability — it’s not a bug, it’s a feature. It’s the system working as designed.It’s time to accept that we are approaching an economic dislocation that has... more
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The word “nationalization” has put fear and trembling into the American marketplace, and understandably so. It rings of socialism, of the European model, of the Third-Way progressive compromise. It’s the death knell of the American form of free-market capitalism that is the foundational pillar beneath our symbolic hegemony over the rest of the world.The word “nationalization” has put fear and trembling into the American... more
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gooma2
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added this
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3 years ago
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WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke on Wednesday again spurned speculation that the government may nationalize Citigroup or other big banks.
When asked about Citigroup during a House Financial Services Committee hearing, Bernanke said nationalization "is when the government seizes the bank and zeros out the shareholders and begins to manage and run the bank. And, we don't plan anything like that."
But Bernanke told lawmakers it is possible the government could end up with a much bigger ownership stake in Citigroup Inc. (C) (C) or other banks.
In the case of Citigroup, Bernanke said: "We'll see how their test works out and what evolves."
The Fed chief was referring to new "stress tests" that regulators will start conducting on the biggest banks to judge whether they can hold up if the recession were to worsen.
The tests, which should be completed by the end of April, will help regulators decide whether the banks have sufficient capital - and the right mix of it - to withstand any additional shocks to the economy over the next two years.WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke on Wednesday again spurned... more
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gooma2
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added this
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3 years ago
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The Obama administration yesterday revamped the terms of its emergency aid to troubled financial firms, setting a course that could culminate with the government nationalizing some of the country's largest banks by taking a controlling ownership stake.
Administration officials said the change, which allows banks to repay the government with common stock rather than cash, is intended to give banks more capital to withstand a continued deterioration of the economy, and not to nationalize the banking system.
(Keep in Mind this is a Rupert Murdoch owned spin machine. Don't beleieve all the hype.)The Obama administration yesterday revamped the terms of its emergency aid to troubled... more
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Timothy Canova says its time to nationalize the big banks.
Timothy Canova is the Associate Dean for Academic Affairs and Betty Hutton Williams Professor of International Economic Law at Chapman University. His research covers the disciplines of law, public finance, and economic history. He has a history of critical writing regarding the deregulation of banking and finance since the 1980s. He has analyzed the meltdown of Continental Illinois, at the time the largest bank failure in American history, and anticipated the collapse of the savings & loan industry. Before the Asian economic crisis began, he was arguing against the liberalization of capital accounts, and then warned of a crisis in the bubble economy. He is a long-time advocate for well regulated financial markets, accountability and the rule of law in central banking.Timothy Canova says its time to nationalize the big banks.
Timothy Canova is the... more
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Leo Panitch: US state plays role of defending global financial system, it had to act in this crisis.
After President Bush signed the controversial bailout bill into law, Senior Editor Paul Jay talked with Leo Panitch to get his analysis of the situation. Leo said it is irresponsible to suggest that the government should have let these banks fail, ultimately advocating for the full nationalization of the troubled banks. Leo then explains the significance of the US treasury bill as the base upon which everything else in the global financial system is valued, as well as explaining the US government's role as the guarantor of the t-bill's value. Finally, Leo criticizes the dominant paradigm that states and markets are separate and opposing forces in the modern capitalist system.
Leo Panitch is the Canada Research Chair in Comparative Political Economy and a Distinguished Research Professor of Political Science at York University in Toronto. Panitch is also the author of "Global Capitalism and American Empire" and his most recent release "American Empire and the Political Economy of International Finance".
See Part 2 at: http://current.com/items/89382669_the_financial_crisis_and_the_real_economy
See Part 3 at: http://current.com/items/89386959_the_financial_crisis_at_the_local_level
Leo Panitch: US state plays role of defending global financial system, it had to act... more
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I think it's really important that we don't lose sight that this is a global financial problem, and not just an isolated US problem, as this article shows. Even the UK is nationalizing major financial institutions now due to collapse fears, and yet I have not heard a single word about this in the US mainstream media this week. Why, and who really benefits when we don't connect all the dots?
From the article:
" Sept. 28 (Bloomberg) -- The U.K. government will step in to protect Bradford & Bingley Plc depositors, Treasury minister Yvette Cooper said, after a report some form of state take over of the British mortgage lender will occur.
``Depositors and ordinary savers must be properly protected, and they will be as part of the arrangements we'll set out,'' Cooper said in a British Broadcasting Corp. television interview. ``The government is stepping in. Financial stability has got to be protected, but so have ordinary savers.''
Chancellor of the Exchequer Alistair Darling will make a statement before 8 a.m. London time tomorrow outlining the government's plan, which the BBC said would include some form of nationalization. Ministers are working on other options including a partial government takeover, acquisition by a rival bank or a break up and purchase of assets by several buyers.
Bradford & Bingley, the nation's biggest lender to landlords, is the third major British bank to run into trouble since credit markets seized up around the globe last year. Its shares have fallen 93 percent this year. Northern Rock Plc was nationalized in February and HBOS Plc sold itself to Lloyds TSB Group Plc on Sept. 18."
Read the full story at the link.
Notice the lack of US coverage here:
http://news.google.com/news?q=Bradford+%26+Bingley&ie=UTF-8&oe=utf-8&rls=org.mozilla:en-US:official&client=firefox-a&um=1&hl=en&ncl=1248850344&sa=X&oi=news_result&resnum=1&ct=more-results&cd=1I think it's really important that we don't lose sight that this is a global... more
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The Bolivian government has taken full control of a key gas pipeline company after talks with the foreign firm that held a controlling stake broke down.
President Evo Morales said Transredes had been seized after US company Ashmore Energy International failed to agree to a share buy-back.
Transredes transports Bolivia's natural gas to clients in Brazil and Argentina.
President Morales said Ashmore had agreed to sell some of its 25% share in the firm but that these talks had not led to a deal.
It is the latest move in the Bolivian president's recent effort to nationalize key industries.The Bolivian government has taken full control of a key gas pipeline company after... more
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Nepal's government has formally told the deposed monarch to vacate the royal palace within the next two weeks. The order was officially relayed to him on Friday - a national holiday.
Nepalese television stations have broadcast video of trucks being driven from the palace to Gyanendra's private home, filmed overnight.
Meanwhile, the government has denied rumours that the deposed king left the palace late on Thursday.
The government has set up a committee to audit palace property prior to nationalization.
Ministers say that Gyanendra will move house in co-ordination with the authorities. He has been sent a copy of the assembly resolution which almost unanimously abolished the crown, and a letter asking that he move out.
It is believed the former king and his wife will move to a private family residence in northern Kathmandu called Jeevan Kunj. Nepal's government has formally told the deposed monarch to vacate the royal... more
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