Word: expropriationism
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About midway through his sharply written and widely referenced 73-page encyclical released on Friday, Benedict takes his first shots at Marxism (he has attacked it before, in his first encyclical written in December 2005), which he argues was doomed from the moment it triumphed in Russia in 1917. "Together...
Security is a crucial part of the attraction. West Africa may have a history of political instability, but most of its oil is offshore, and the assets of international companies have so far not been prone to the sort of nationalist expropriation common in oil's history from Mexico in...
That, perhaps, is the real cause for concern - how deeply the nationalization trend affects the quantity of oil that not only Venezuela but other countries can export, and hence the price we pay for it. The lack of new investment in Mexico's oil fields, for example, has led to...
He is referring to the broad reform agenda--fiscal, labor, energy and competition--that outgoing President Vicente Fox unveiled but then failed to deliver on. Although more politically adroit, Calderón inherits a far more acrimonious political environment, in which López Obrador still insists he is the legitimate President...
The country club president could be right. Mayor Barreto may be a close ally of Chavez, and may have justified his claim on the golf course in terms of a federal drive to redistribute privately owned land to the poor, but it appears he did not get government approval for...