Word: economice
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In the U.S., the question of whether some assets are too important to allow China to buy puts the interests of Congress against the interests of shareholders. PetroChina is paying a 24% premium to buy its new stake in Singapore Petroleum. If a Chinese firm offered a similar premium to...
President Obama aptly characterized the current recession recently as one caused by a "perfect storm of irresponsibility and poor decision-making that stretched from Wall Street to Washington to Main Street." Yet the Obama phenomenon could be brewing a more perfect storm, wherein an F.D.R.-L.B.J. - style government would promote...
The public's suspicion of the new bills has been validated by serious legal concerns by economists and opposition lawmakers. Several legislators have pointed out that the new bills were printed without the signature of the Minister of Finance, as required by the country's Monetary Law, effectively making them...
Instead, government officials have responded in what has become the Sandinistas' standard reaction to criticism: triumphalism mixed with personal attacks. Sandinista lawmakers have accused Navarro of "economic terrorism" for questioning the bills' legality, and Central Bank president Antenor Rosales dismissed the criticism as the complaints of rich people "who are...
The E.U. also lost its bid to convince Russia that a consortium to manage Ukraine's pipeline system should be exclusively controlled by the E.U. Another sticking point was the Energy Charter Treaty, adopted in 1991, that integrated the energy sectors of the former East Bloc into Europe. Russia has...