Word: ownerships
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Dates: during 2000-2009
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...Hungary. Communist Party Chief Janos Kadar, who demonstrated his fealty to Moscow during the 1956 uprising, in 1968 launched the East bloc's most successful economic reforms. He began to decentralize the economic system, introducing some free-market management methods and profit incentives. Later, the state allowed private ownership for some small and middle-size businesses. In effect, Kadar entered into an unwritten contract with the Hungarian people, allowing them a measure of freedom in their domestic lives as long as they left politics to the party. Today shop windows in Budapest are filled with clothes and appliances, while bookstores...
Late in the week Unocal announced a second strategy to persuade shareholders not to sell out to Pickens. The company said that its executive committee would recommend transferring ownership of 45% of Unocal's domestic oil reserves to a partnership made up of shareholders. That, said Unocal, would give the stockholders tax benefits and probably raise the annual return on their investment...
...invested in a new premium model, the 75, but it didn't sell well. Jay Nagley, managing director of British consultants Spyder Automotive, says it was beautifully engineered, "but too Old World. It was a German engineer's idea of Britishness." In 1999, its last year under BMW's ownership, Rover manufactured 225,000 cars. In 2000, BMW sold it for the equivalent of $15 to four Birmingham businessmen whose firm was optimistically called Phoenix Venture Holdings. Their idea of a great car: the MG SV, introduced in 2002 with a starting price of $120,000. Only about 50 have...
Cheng-san Chen may be turning over Louie’s Superette to new ownership, but he says that once he completes the sale of his store, Harvard students are more than welcome to visit his house—on Suffolk Road in Wellesley, Mass., he says. Just make sure to give a day’s notice...
Both of these problems are solved by an individual account Social Security system. A Social Security system based on individual accounts would provide workers with the benefits and the safeguards of true ownership. Individual accounts would give all workers a true legal right to their benefits. Social Security would no longer be a political football, and workers and retirees would not have to worry that someone in Washington might cut their benefits. Furthermore, upon the worker’s death, the money in the worker’s retirement account could be passed on to his or her spouse, children...