Word: state-run
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...While foreign banks gear up and local private banks seek partners, Vietnam's state-run banks are also adapting. Four are set to be partially privatized this year and will list on the stock exchange, beginning with Vietcombank in a few months, according to Le Duc Thuy, governor of the State Bank of Vietnam, the country's central bank. State-owned players are getting additional help from the government: in April, Hanoi plans to raise charter-capital requirements for banks from $5 million to $70 million. The move is being made to ensure banks are financially sound, but in effect...
...Instead, Morales advocated state-initiated industry to mass produce and export healthy coca-based products (cookies, pasta, shampoo, wine, lotions) already manufactured on a small scale in Bolivia. The first of three state-run coca processing factories is currently under construction, with a view to turning 4,000 tons of coca into tea each year. At the same time, his government pledges ongoing eradication of excess coca, and strengthening of controls on narco-trafficking...
...than simply social justice can provide political cover for officials to try out innovative alternatives to traditional incarceration. In the vanguard of this movement was the juvenile-justice department of Deschutes County, Ore., which about 10 years ago made a deal with the state: if Deschutes reduced the number of juveniles it sent to state-run detention centers, Oregon would give back to the county the money that it had been spending to incarcerate those Deschutes kids. By giving up 16 out of 26 beds for young offenders at the state facility, Deschutes recouped nearly $4 million over seven years...
...course, teens continued to assault people and steal cars. But instead of going to the state-run jail, those caught and convicted had to make various community-building reparations like apologizing to the victim, paying restitution and participating in service projects or apprenticeships. In seven years the county's youth-incarceration rate dropped 25%, and the number of teens who received citations or were arrested for crimes went down 28%. According to Bob La Combe, who runs the county's juvenile system, young people are "making the connection between the crime they committed and the harm to the community...
...elected. In an interview with TIME last fall, Calderón conceded that he needs to "reduce the power" of monopolies and create "more competitive market conditions." But as President, he has yet to offer anticipated legislation to fix problems like the country's feckless tax system or its antiquated, state-run energy infrastructure...