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SATURDAY, NOVEMBER 21, 2009
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NEWS ABOUT: nationalization

nationalization stories: 46 news summaries

1 - 20 of 46 Stories | 1 2 3 Next >>

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'Bourgeois'
Golf Courses Tee Off Chávez

Venezuela shutting down the links—that happen to be near oil

Aug 13, 09 9:20 AM CDT
(Newser) - Hugo Chávez has gone after oil conglomerates and media companies, and now he's hitting the capitalist pigs where it hurts: at the golf course. The Venezuelan president is trying to shut down the country's best-known courses, which he believes are part of an anti-Marxist conspiracy, the Independent reports. "... More »

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energy • oil • Latin America • Venezuela • golf • nationalization • South America • golf course • Hugo Chávez • oil industry

(Newser) - Joe Biden presided over a huge naturalization ceremony in Baghdad today, CNN reports, as 237 US service members became American citizens. “We did it in Saddam’s palace,” Biden said, “and I can think of nothing better. That SOB is rolling over in his grave right now.... More »

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Iraq • Saddam Hussein • Joe Biden • nationalization

(Newser) - President Obama heralded “the beginning of a new GM” today, explaining the administration’s plans for the bankrupt automaker. He also sought to reassure the public that he had “no interest” in running GM, despite the 60% stake the government will take in the company. “We are... More »

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Barack Obama • bankruptcy • General Motors • nationalization

OPINION Roundup

 Bracing for 'Obama Motors' 


Jun 1, 09 10:59 AM CDT
(Newser) - GM’s bankruptcy and semi-nationalization has everyone talking. Here’s what the papers are saying:
  • “Welcome to Obama Motors, and what is likely to be a long, expensive, and unhappy exercise in political car making,” writes the Wall Street Journal. The government seems incapable of hands-off
... More »

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Barack Obama • bankruptcy • General Motors • nationalization • auto industry • Obama administration

Chavez Takes Control of Iron, Steel Firms

Metal companies nationalized 'to build platform for socialism'

May 22, 09 6:38 AM CDT
(Newser) - Hugo Chavez has ordered the nationalization of several large iron and steel companies in Venezuela, AFP reports. The president said the takeovers marked the start of a "process of nationalization to create an industrial complex." The move, which follows the nationalization of 39 oil service providers, would help... More »

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Venezuela • nationalization • iron • steel • Hugo Chávez

Chavez
Tightens Grip
on Oil Industry

Venezuela to
take control of
oil service companies

May 8, 09 6:10 AM CDT
(Newser) - Venezuelan President Hugo Chavez is stepping up state control of his nation's oil industry, the BBC reports. The president has announced plans to seize the assets of some foreign oil contractors who threatened to stop work in protest over unpaid bills, and the country's national assembly has approved measures to... More »

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Venezuela • nationalization • Hugo Chávez • oil industry

US May Avoid More Bailouts by Trading Loans for Equity

Conversion could stretch bailout fund by $100 billion

Apr 20, 09 8:54 AM CDT
(Newser) - President Obama’s economic team has figured a way to keep the banks afloat without asking Congress for more money, by converting the government's existing bailout loans to common stock, the New York Times reports. The conversion plan could stretch Treasury’s fund by more than $100 billion, but it... More »

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Citigroup • nationalization • subprime crisis • bailout • commercial banks • financial crisis

 Feds May Trade Debt for Stake in 'New' GM

Insiders say government planning to trade some of $13.4B loan for equity

Apr 14, 09 5:35 AM CDT
(Newser) - The Obama administration is considering trading some of GM’s $13.4 billion government debt for equity in the streamlined, post-restructuring version of the automaker, Bloomberg reports. Insiders say the move, which would be accompanied by an offer to bondholders of equity in the new entity, is part of a... More »

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bankruptcy • General Motors • nationalization • auto industry • Obama administration • auto bailout

OPINION

 Obama Fakes 
 Center, Goes Liberal 


Apr 4, 09 6:36 PM CDT
(Newser) - If President Obama were a quarterback, he’d be a master of the fake, Fred Barnes writes in the Weekly Standard. Using “misdirection,” he markets “his product—the liberal agenda, plus a few add-ons—in a manner that disguises what he's really up to.” While... More »

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nationalization • recession • auto industry • financial sector • budget deficit • economic stimulus package • Obama administration • President Obama • Fred Barnes

OPINION

Don't Listen
to Krugman—
This Plan
Might Work

Pearlstein lays into fellow columnist

Mar 24, 09 7:51 AM CDT
(Newser) - Even before the full details were released, critics were bashing the Treasury's public-private asset purchase plan; Paul Krugman predicted it would fail and lead the country into depression (not to speak of the writer into despair). Steven Pearlstein begs to differ, and the markets seem to agree. For the Washington ... More »

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nationalization • Treasury Department • Paul Krugman • Obama administration • Steven Pearlstein • Timothy Geithner • toxic assets • TALF • Public-Private Investment Program

OPINION

Obama's Not
One of Us,
Says Socialist

Lefty says prez sticks to center; a socialist only to 'odd conservatives'

Mar 15, 09 11:42 AM CDT
(Newser) - Thanks to conservative politicians and pundits, socialists are in the limelight as never before, writes Billy Wharton in the Washington Post—and Wharton, as editor of Socialist magazine, ought to know. Mike Huckabee and John McCain became "our most effective promoters," he says, as they portrayed Obama... More »

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Iraq • Barack Obama • John McCain • Mike Huckabee • socialism • nationalization

OPINION

Banks Have Gotten a Bum Rap: BofA Chief Ken Lewis

The steps already taken are working, so let the market sort it out

Mar 9, 09 8:57 AM CDT
(Newser) - Banks have been unfairly tarred by misconceptions about the current financial crisis, Bank of America CEO Kenneth Lewis argues in the Wall Street Journal. It's not true that banks aren't lending, he writes. They are just doing so more responsibly, as they should. And it's not true that bad banks... More »

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Bank of America • nationalization • mortgage loans • free markets • Kenneth Lewis • banks • financial crisis • TARP

Chávez
Seizes US
Cargill Plant

Venezuela naionalizes
rice mill amid food shortages

Mar 5, 09 4:52 AM CST
(Newser) - Hugo Chávez yesterday took control of the Venezuelan plant of the American food company Cargill, restarting a drive toward nationalization as the country's oil revenues plummet. Reuters reports that the government seized a rice plant run by Cargill, claiming that mills are deliberately producing small amounts of rice in... More »

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Venezuela • Cargill • nationalization • rice • Hugo Chávez

 Chavez Orders 
 Army to Seize 
 Rice Plants 

Struggle over nationalization as plants fear bankruptcy

Mar 1, 09 6:27 AM CST
(Newser) - Venezuelan President Hugo Chavez has ordered the army to seize control of the nation's rice processing plants, continuing a trend of industrial nationalization by his government, reports the BBC. Chavez accused the plants of failing to meet government price quotas for grain, intended to ensure cheap food prices. The plants,... More »

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Venezuela • bankruptcy • nationalization • food prices • Hugo Chávez

UPDATED

 US to Take 36% Stake in Citi 

Treasury will take up to 40% of bank in return for boardroom overhaul

Feb 27, 09 6:57 AM CST
(Newser) - Citigroup and the federal government have reached a deal to boost the US stake in the bank to up to 40%, the parties announced this morning. The deal gives shareholders more protection, but in return, agrees to a Treasury Department demand for an overhaul of the embattled bank's board of... More »

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Citigroup • nationalization • Treasury Department • Vikram Pandit • financial crisis • Wall Street bailout • recapitalization

RBS Posts $34B Loss, Biggest
in UK History,
Gets 2nd Bailout

British taxpayer may soon own 95% of bank

Feb 26, 09 6:03 AM CST
(Newser) - The Royal Bank of Scotland today announced an annual loss of $34.3 billion, the largest in British corporate history, and the Treasury said it would inject another $36 billion into the troubled bank. The UK government already owns 70% of RBS, a figure that could now rise to 95%,... More »

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United Kingdom • Royal Bank of Scotland • nationalization • Britain • bailout • financial crisis • recapitalization

We Know What We're Doing, Bernanke Assures Congress

Fed chair defends response to financial crisis

Feb 25, 09 3:00 PM CST
(Newser) - Ben Bernanke defended the government’s response to the financial crisis today before Congress, saying regulators’ various approaches reflect different aspects of a unified strategy, MarketWatch reports. “We’re not making it up,” the Federal Reserve chief said. “We’re working along a program that has been... More »

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Congress • Ben Bernanke • Senate • Federal Reserve • nationalization • bank • economy

Citi Struggles Under Fed Oversight, About to Get More

Tottering bank may give 40% of shares to Washington

Feb 25, 09 7:45 AM CST
(Newser) - Citigroup is in talks with Washington about a restructured deal that would see the US convert its 7.8% stake of preferred shares into up to 40% of common stock. The deal would provide Citi with desperately needed capital, but would place the bank under further control of the federal... More »

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Citigroup • Federal Reserve • nationalization • Vikram Pandit • Wall Street bailout • recapitalization

 Politicos' Loose 
 Lips Sink Stocks 

Pols still don't know their own strength on Wall St.

Feb 24, 09 12:37 PM CST
(Newser) - DC and New York usually keep a healthy distance. These days, though, Wall Street has no choice but to hang on every word of key politicians. For the pols themselves, Politico reports, that takes some getting used to. When Sen. Chris Dodd publicly toyed Friday with the idea of bank... More »

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stock market • nationalization • Chris Dodd • bear market • Robert Gibbs • Timothy Geithner

Citi CEO Drops by White House, Sparking Chatter

Parsons' meeting ratchets up rumors of bank nationalization

Feb 24, 09 10:00 AM CST
(Newser) - Citigroup’s new chief, Richard Parsons, dropped by the White House last night, Politico reports, visiting Valerie Jarrett, an adviser and longtime confidante to President Obama. “He was here to meet with Valerie—something she often does with business leaders,” explained an official. Still, the visit fueled more... More »

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Citigroup • Richard Parsons • nationalization • Valerie Jarrett • Obama administration • financial crisis

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