Word: sells
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...weekly publishing cycle. Two of satellite radio's pioneers - Sirius and XM - merged to avoid mutual failure, along with 42 mergers and acquisitions among consumer magazines. Stock for General Electric, which owns NBC Universal, lost more than half of its value in 2008, fueling rumors that GE might sell its NBC subsidiary, though the company's chairman, Jeffrey Immelt, has denied such claims...
...According to The Times of London, "The government is pressing ahead with plans to sell a string of state-owned organizations as part of a privatization drive to add ?35 billion to the dwindling public purse." Among the treasures being sold are the Royal Mint and the national mapping agency...
...While there have not been any proposals to sell assets held by the U.S. government, it may come to that if tax receipts are undermined by the recession and spending continues to rise in order to bail out financial institutions and add jobs to the economy...
...Fortunately, America has more to sell than the U.K. Yellowstone was established as a national park in 1982. It has more than 2.2 million acres of land, making it larger than Rhode Island and Delaware combined. It is a logger's dream. International Paper recently announced that it would sell 143,000 acres of its land for $275 million. At that rate, Yellowstone should be worth over $4 billion. (Read a TIME story on Yellowstone...
...Selling the parks does not bring in enough capital to close the gap in a deficit that will be well over $1 trillion this year, so the list of items that the U.S. would have to sell or lease needs to be a great deal longer. It is not well-know that the Minerals Management Service of the Interior Department is the second largest source of income to the U.S. government. Last year, it was revealed that employees of this office were routinely taking money and having sexual relationships with oil company executives. According to The Wall Street Journal, government...