Word: powers
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Dates: during 2000-2000
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...ruling class wants you to vote because voting tricks you into believing you have an equal stake in the power structure. You are less likely to revolt if you feel included in determining who gets to look down Arianna Huffington's blouse at Washington parties...
...other hand, the government is still holding the bag for Investment and Postal Bank (IPB), which was fully privatized by the time the Social Democrats came to power. It's the kind of privatization that gives sell-offs a bad name. Part of the bank was privatized by the voucher method. Although the state kept a majority stake, that share was subsequently diluted. In 1998 the state unloaded its remaining stake (36.29%) to Nomura, the Japanese investment bank, which resold its shares to a passive Dutch shareholder. At no point did the bank have a strategic investor to oversee...
...Authority, with a staff of 170, can't follow up on every complaint it receives, and Tesauro wields considerable power in choosing where the agency will focus its energy. He has decided to take on high- profile cases that offer a big payoff in public support. In July the Authority opened an investigation into the National Association of Pharmacy Owners for prohibiting individual pharmacies from offering discounts on products whose prices are not regulated. "The monopoly of the pharmacies, above all for items that are not medicine, is somewhat medieval," Tesauro says...
Ehud Barak can't make peace if he's not in power, but he can't stay in power if he continues to make peace. That basic dilemma explains the Israeli prime minister's decision over the weekend to flash-freeze the process and even moot plans to fence off the Palestinians into Israel's own idea of what their mini-state ought to look like. The suggestion may have prompted Yasser Arafat to tell the media that Barak could "go to hell," but the Israeli leader's reconciliation efforts right now are directed not at the Palestinians...
...breakup of AT&T is just crazy enough to work, and if it does (it doesn't hurt that AT&T's baby telecoms will all have the company name at their disposal), expect imitators. Now that the markets are in the middle of a bear/bull/correction/shakeout, the glower power of investors is peaking. When a company gets too big for consumers' good, the feds start in; when a company gets too big for its own bottom line, that's when investors grab the cleaver...