Word: state-run
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Gazprom, Russia's state-run gas company, says it is acting simply to bring Belarus' prices more closely in line with world market levels. It gave similar reasons exactly a year ago when it turned off gas supplies to Ukraine, ensuring Kiev's swift agreement to new, tougher terms. Another former Soviet republic, Georgia, confronted with steep increases to Gazprom prices, is urgently seeking alternative supplies. Both countries are at odds with the Kremlin over pro-Western policies. Belarus, by contrast, has been seen as Moscow's closest ally - so close, in fact, that in 1997, its President, Alexander Lukashenko...
...Latin America's other notorious extreme: intolerant leftism. Their point is at least half valid. Salvador Allende, the left-wing Chilean President whom the military ousted and probably killed, hardly shared Pinochet's bloodlust; but his government had indeed run Marxist-amuck by 1973. The economy was in state-run free fall and radical but influential leftist groups were calling for (if not already trying to carry out) an armed shift to Cuba-style communism. Pinochet always asserted that he was not part of a coup but a "civil war." In that sense, Pinochet maintained until his death that...
...That may be about to change. The Indian government says it will increase enrollment in state-run universities by more than 50% in the next three years. Crucially, the government is also considering allowing foreign universities to open up in India - either on their own or in partnership with local schools. "The time has come to recognize the right of every qualified student to pursue higher education," Finance Minister P. Chidambaram Minister said last week. "Millions of children are still out of school and that should remind us of the unfinished task before...
...INDIAN BUYER: ONGC-VIDESH Overseas arm of India's state-run oil company COMPANY ACQUIRED: OMIMEX DE COLOMBIA (COLOMBIA) Owns half of two major oilfields in its home country PRICE: $425 million (50% stake) DATE: September...
...rules open up its markets to foreign companies, U.S. banks and insurers are clamoring to cater to a small but fast-growing consumer class, where less than 5% of people have bank accounts or insurance policies. Foreign firms may crowd out inefficient state-run companies, but many Vietnamese look forward to having more choice in their daily lives. Le To Nga, 65, lived through the Vietnam War and stood in line for ration cards in the 1980s. Today, she's happily filling her shopping cart at Big C, a vast new supermarket on Hanoi's outskirts run by France...