Word: ownership
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...hole in the banking system's bucket. Paul Miller, an analyst at FBR Capital Markets who has written a number of reports on the capital issues of banks, says the only way to solve the problem is for the government to stop buying preferred shares and start taking direct ownership stakes. Of course, the issue with that approach is that the problem at the banks is so large, Uncle Sam may end up owning a good portion of the banking sector. Few seem to want nationalization. Unfortunately, that could be the only...
License violations forced popular restaurant and café Z Square Cambridge to close earlier this month, and due to financial difficulties, new ownership will not reopen the location, a consultant for the restaurant said yesterday. New management, brought in last October after investors ousted former owner David A. Zebny '84, plan to eventually close all four entities owned by the Z Restaurant Group—which has two other locations in Massachusetts and one in California—having deemed it no longer profitable, said Lynne A. Taylor, an independent consultant for the company. According to Taylor, the Harvard Square...
...aides believe it will happen by mid-February - Summers says Obama will push next to stabilize the banks and the housing market. The Administration is weighing approaches that range from buying up banks' bad assets or guaranteeing the solvency of banks that hold them to taking an even larger ownership stake in the institutions and then pouring more cash directly into them. None of the options, Obama Administration officials admit, are ideal...
...current Kurdish-Arab tension over ownership of northern Iraq dates back to Saddam Hussein's policies during the Iran-Iraq war of the 1980s, when his regime murdered tens of thousands of Iraqi Kurds and forcibly displaced hundreds of thousands more, resettling the territory with Iraqi Arabs from further south. After the 1991 Gulf War, the U.S. protected a Kurdish enclave in northern Iraq, and after the 2003 invasion, the Peshmerga moved down to take control of parts of Diyala, Nineveh and oil-rich Kirkuk, all of which they claim as historically Kurdish. Iraq's new constitution promised that...
...expropriation of large estates - a hot button issue in a country where less than one percent of the population owns more than two thirds of the land. But negotiations resulted in leaving the current holdings as is and limiting future landownership. On Sunday voters had a choice between limiting ownership to 10,000 or 25,000 acres per person limit. They voted 75% in favor of the former...