Word: governmentalize
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"No more new taxes without your approval," says Birch. "They'll need two-thirds to pass it." Birch admits he is not aware that California is the only state in the union where it is necessary to obtain a two-thirds majority in the legislature to pass a budget and...
In response to the layers of initiatives that have made California government increasingly dysfunctional, the Bay Area Council business group announced a plan last year to put an initiative on the ballot to hold a new constitutional convention. But two weeks ago, its Reform California campaign ran out of money...
Thaksin Shinawatra, the billionaire telecom tycoon who served as Thailand's Prime Minister before being ousted in a military coup, may be a billionaire no longer. On Friday, Thailand's Supreme Court ruled that the government could seize $1.5 billion of the fugitive politician's $2.3 billion in frozen assets...
The majority decision, at once stunning yet expected, was the highest-profile corruption case ever to come before a Thai court and one of the most controversial. The ruling risked further fracturing Thailand's already deep political divide between those who back the ousted Prime Minister and his opponents. Police...
Thaksin, who recently claimed in a newspaper interview that he was down to the last $100 million or $200 million of his fortune, though he has an unknown amount of money stashed overseas, had urged his supporters earlier Friday to accept the court's decision, whatever it might be. He...