Word: state-run
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...Hemorrhaging up to $3 million a day, Alitalia has become the poster boy for all that's wrong with Europe's worst state-run companies. With the pilots association and stewards union scuttling the latest attempt to salvage the airline last week, Alitalia seems to be nearing...
...toxic milk scandal, which state-run news agency Xinhua said has already been linked to the death of four babies and the illness of 6,200 others, has aroused anger and despair in Chinese cyberspace. And that anger has been directed not just at the producers accused of adulterating their milk to increase profits, but also at government regulators. "Xinhua was quick to blame the dairy industry for their skewed rules, but what it didn't say was that the government also played a part in that ugly game," wrote a blogger identified as sadmoon109. Outraged citizens have noted that...
...powder was contaminated on September 12. Police in central Hebei province have detained 22 people and arrested four, including two brothers who ran a milk collection station. They have been accused of watering down the milk they purchased from local farmers and adding melamine to conceal the dilution, the state-run Xinhua News Service reported...
...series of studies have made it clear that if the Big One or even a Pretty Big One strikes, Florida is going to have very serious problems. The state-run insurance firm and the Catastrophe Fund have just a few billion dollars on hand, so a major storm would force both entities to float massive bond issues in an unfavorable market, and to make up their shortfalls through gigantic assessments on policyholders. A House committee recently warned that the state would have "extreme difficulty paying its obligations" after a 100-year storm, and that premiums on nearly every property...
Antonini, a Venezuelan businessman with U.S. citizenship, was indeed in a jam. A month earlier, he'd arrived in Buenos Aires on a chartered flight with Argentine energy officials and executives of Venezuela's state-run oil company, Petroleos de Venezuela (PDVSA). Argentine customs agents then caught him with a suitcase stuffed with $800,000 in cash. Antonini was allowed to return to the U.S. - but it seemed the entire hemisphere wanted to know if he'd been carrying the money for Venezuelan President Hugo Chavez as some sort of bribe for the Argentine government...