Word: ownership
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Dates: during 1950-1959
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Aneurin ("Nye") Bevan, the spellbinding leader of British Labor's left wing, not only believes in nationalizing industry; he believes that socialism should exude public ownership as naturally and surely as a spider spins a web. In the Labor Party and in the trade unions, which dominate the party, maturer minds prevail. Only a militant minority shares Nye Sevan's fervor, and it is losing ground...
British industry. The report urged public ownership for only one industry: water supply, which is already largely controlled by national and local boards. While making no apologies for the nationalization brought about by Labor (steel, transport, coal) in its six years in power, the unions said cannily that caution and further study are necessary before further nationalization is attempted. It was a remarkably conservative stand ("The report goes far beyond caution about nationalization," commented the influential Economist. "It goes against nationalization"). "Betrayal!" cried voices from the left wing. But the majority did not think so. Armed with proxies...
...dummy. After getting title to the ships, the dummy would then lease them to the foreigners at ridiculously low rates-so little that the dummy would never make enough money to incur U.S. taxes. Instead, all the profits would flow to the foreign operators and the true ownership would still be concealed in a bewildering maze of companies...
...about $3,000,000, he bought control of Scotland's small but influential 136-year-old morning Scotsman (circ. 55,000) and its sister papers, the Edinburgh Evening Dispatch (71,000) and the Weekly Scotsman (66,000). In taking control of the papers from old Scottish family ownership, Thomson gets a staff of 800, a 13-story Renaissance-style building that cost $2,400,000 in 1904, and the prestige of a pioneer publishing company. On the Scotsman's hundredth birthday the London Times conceded that the paper "is, so to speak, the Times of Scotland...
...favorite road, Orangemen and Fenians alike agreed that nationalization was the only answer for the G.N.R. The next question was how, since Northern Ireland and the Irish Republic were scarcely on speaking terms. For two years, while the argument raged, the money-losing Great Northern chugged on under private ownership. Last week agreement was reached to put the railroad under joint ownership of the two separate nations. "Funny, when you come to think of it," said a philosophical G.N.R. worker. "We'll be doubly nationalized. It could only happen in Ireland...