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nationalised

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  • Clingendael the Netherlands Institute of International Relations Her excellent presentation focussed on International oil markets Implications for UK energy security policy Elizabeth Cuthbertson from the government s newly formed Department of Energy and Climate Change DECC formerly manager of Energy and Climate Change Strategy at
  • the sea mail contract and did this with four new steamers from Holyhead The railways were nationalised in 1948 now being known as British Railways The new motor vessel the Slieve Donard was introduced in 1954 It was designed to carry cattle and containers Also in the 1950 s a new import export warehouse was built The Holyhead Ferry 1 entered service
  • Thomas Cook was nationalised in 1948 but has been going much longer than that Arcandor which also owns the Karstadt store chain had been scrambling to avoid insolvency by seeking state aid
  • With most of his palaces nationalised and his executive powers slashed Nepal King Gyanendra s name and his royal symbols have now been erased from the country s new coins In an unprecedented
  • prices than I do not know what can No wonder Chancellor Darling virtually threw in the towel recently in his famous I give up please let me spend more time with my family speech The housing market s near 13 plunge in 12 months is having a severe impact on the whole of the UK economy as crashing house prices are directly impacting on the Uk economy in a like for
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  • Close Window Image The Karachi Port Trust building a very beautiful piece of architecture at the west wharf
  • Anglo reveals €4 1bn loss
  • Thailand has nationalised the patents of a series of vital drugs File photo AFP
  • Rock and a hard place Darling was forced to act to protect savers
  • Marsden Whitburn Colliery sunk in 1874 Nationalised in 1948 and closed in 1968 The pithead baths with an Economic emerging from a side road on to the Coast Road opposite Whitburn Colliery
  • opposed the extension of the freeze order Armas insisted that the assets belong to future Argentine retirees not the government Therefore it is the people losing out not the state Photo by Sanra Ritten
  • The embattled mortgage lender posted a $59 million first half pre tax loss Reuters Stephen Hird
  • You gotta go somewhere Southdowns nationalised After decades of dithering it s definite that the Southdowns will become a national park See map for where s in and where s out
  • industry was never nationalised and it thrived In contrast under nationalisation rail freight declined steadily until a small upturn after privatisation in 1996 See figure 3 below The effect of privatisation was to increase investment in the railways Private investment increased from near zero to about 3 billion per year but the total investment increased less than
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  • We are making this decision in an international context in which the leading countries in and out of the G8 are protecting their banks while we are protecting our retirees and workers Photo by Kate Stanworth
  • Consuming Space Emily Anne Epstein
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  • Holders of Anglo Irish shares when the bank was nationalised are entitled to claim the loss on the investment in the current year
  • with manager A W Thompson and no under manager In 1945 there were 49 underground workers and 11 surface workers In 1947 the colliery was nationalised and came under NCB ownership Above A group of Ossett coal miners at Greatfield Colliery in the early 1950s
  • End of the line King Gyanendra leaves the royal palace for the last time AFP
  • Sterling got crushed today as the British government partially nationalised all its big banks All three EUR JPY trades today were continuation plays The first and third trades were based on price gunning for 136 00 while the second was when price was looking to test 136 50 Yen
  • Chavez settles payment for nationalised firm CARACAS Venezuela President Hugo Chavez says Venezuela has settled its payment plan for a steel company nationalised in May and is making progress in other negotiations
  • it would work with the government to ensure its long term commercial viability emphasising that all employees would stay with the firm and shareholder rights would be protected it added Anglo Irish bank which specialised in lending has been heavily exposed to the boom and bust Irish property and construction markets both of which have seen dramatic reversal in fortune
  • Reuters Pictures 22 hours ago The Belfast Area Office of Anglo Irish Bank is reflected in a the roof of a car in
  • Get in line for your pony like everyone else citizen
  • Non Resident Indians NRI to invest in safe secure deal by paying thru Cash or Demand Draft or At Par Bank Cheques payable at any Nationalised or International Bank located in Hyderabad Details of Current Available Land Investment in India National Highway no 9 connecting Between Mumbai Hyderabad Vijayawada Very Closely located near Ramoji Film City like Warner Bros
  • 8th April 2007 Family members of Tamil Scholars whose literary works were nationalised called on the Hon ble Chief Minister Press Releases
  • these are used for academic activities The college was nationalised in 1968 In 1984 85 it became a postgraduate college In 1996 the college had honours courses in 16 subjects At present the college has 11 000 students and 125 teachers of whom 20 are women It has five dormitories four for boys and one for girls About one thousand students reside in
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  • LENASIA HOME EXPO jpg
  • Snow in Flanders April 2009 You gotta go somewhere
  • were nationalised in 1947 there were 1 381 men employed By 1986 the number had grown to around 2 170 men producing approximately 45 000 tonnes of coal per week Photo Ellington Colliery in March 2005 shortly after closure Photo by
  • newsmlmmd 90c6c5f974fc07c0201aa9e0f85c4811 710 lloyds banking group reported good revenue performb jpg
  • PEP Home | key data
  • by Bouch1 Mon Sep 29 2008 6 23 am Ola amigo Buenos dias
  • me which pre nationalised railway company s livery was that deep red and black combination Odd too that we ve long had our bikes derided as being from the steam age Ironhead Sportster riders even get that from Evo Sportster riders and while it has usually been said in a derogatory sense there is a part of the Deuce that
  • Enlarge Three British banks including part nationalised RBS face paying more than £6 billion to the US government under its new stringent tax regime The levy will hit UK banks with

Videos

  • Model Railway Exhibition 2010 Pt 6 The 33rd model railway exhibition by the Mid Es*** Model Railway Club on the 18th Sept 2010 at Shenfield High School. Exhibiter 29 is "Widnes Road" by Paul Smith in 4mm scale. "A finescale DCC layout, set in the North-West during the mid 1980's. Although a fictional scene, the concept is based on a small fuelling point, shed & small P-Way yard. Built to serve an off-scene marshalling yard for Runcorn & Widnes industrial complexes including ICI chemical works: inspired by visits to Warrington Bank Quay in the late 80's & 90's. The layout features scale length hand-built C&L turnouts & trackwork, with extensive use of model lighting. Stock is typically from the early 80's up to the introduction of 'large logo' blue & much is either resprayed or weathered; detailed & all stock is Kadee fitted." Exhibiter 30 is "Horsted Keynes" by Alan Brewster in N gauge. "A junction station on the line originally built from Lewes to East Grinstead, operated from 1882 by LBSCR up to 1923 when it became part of the Southern Railway. In 1948 it along with the rest of the UK was nationalised to become part of British Railways. Taking 10 years to build, the layout represents life in the 1950's & the atmosphere of that part of Southern England. The station now forms part of the Bluebell Railway. Stock is being developed to give a more accurate collection of that run on the line during the time modelled. Special trains run as part of the operations, depicting the latter days of the line before ...
  • John Prescott welcomes the 'Nationalised' Express Former Secretary of State for Transport John Prescott at Kings Cross after getting off the 12.03 from Leeds. Formerly National Express, the train service was the first to be renationalised this morning.
  • Bolivia power take over fuels tensions The Bolivian government has nationalised four power companies, assuming control of 80 per cent of the country's electricity. Evo Morales, president, signed the decree at one of the companies in the city of Cochabamba on Saturday, hours after police had moved in to secure them. Since taking office in 2006, Morales has nationalised more than a dozen energy companies. He says profits generated from the firms will will fund social programmes for Bolivia's "marginalised" indigenous communities. Monica Villamizar reports on how the move is widening tensions in the country. [May 2, 2010]
  • Bulletin 29/09/2008 Credit crunch update - $700 billion rescue plan approved fro Wall Street, Bradford & Bingley go bang as mortgages are nationalised Northern Rock-style and Santander takeover the savings part of the business. House prices continue to fall with the average seller settling for 9% less than asking price.
  • Subtitle Version Dan Hannan Prime Minister, I see youve already mastered the essential craft of the European politician, namely the ability to say one thing in this chamber and a very different thing to your home electorate. Youve spoken here about free trade, and amen to that. Who would have guessed, listening to you just now, that you were the author of the phrase British jobs for British workers and that you have subsidised, where you have not nationalised outright, swathes of our economy, including the car industry and many of the banks? Perhaps you would have more moral authority in this house if your actions matched your words? Perhaps you would have more legitimacy in the councils of the world if the United Kingdom were not going into this recession in the worst condition of any G20 country? The truth, Prime Minister, is that you have run out of our money. The country as a whole is now in negative equity. Every British child is born owing around £20000. Servicing the interest on that debt is going to cost more than educating the child. Now, once again today you try to spread the blame around; you spoke about an international recession, international crisis. Well, it is true that we are all sailing together into the squalls. But not every vessel in the convoy is in the same dilapidated condition. Other ships used the good years to caulk their hulls and clear their rigging; in other words to pay off debt. But you used the good years to raise borrowing yet further. As a ...
  • Antarctica Television - nationalised ITV 2004/5 ident mock This is a simple mock to create what Antarctica TV, known as ITV1 for the British Antarctic Territory by this time, would've looked like. The continuity would've been aired at 6pm BAT time, with the main regional news show 'Antarctica Live' followed by the ITV Evening News.The continuity announcer is none other than...you guessed it, me! The music is from the 1999 'Hearts' ident of ITV, and you can also see a breakbumper, which is an accelerated, shortened version of the ITV1 2004/5 ident. Please note that this is only a MOCK and that Antarctica TV DOES NOT EXIST in the ITV network. The inspiration of this mock's idea goes to Antarctica's founder, user AntarcticaTelevision, and user kraftneu who made a 1989 Antarctica generic mock.
  • Would Theo sit on the board of a nationalised bank? This question was asked to Theo by keithwhu on
  • Moneywise guide to being a Northern Rock customer With Northern Rock being nationalised, customers, shareholders and taxpayers are all asking how they will be affected. In this week's Moneywise TV, Jeff Salway sheds some light on the implications of the news.
  • John McFall's profile on Radio 4 John McFall's profile on Radio 4, 14th February 2009
  • ADLESTROP - Edward Thomas. After giving the treatment to Hardy's Darkling Thrush this just had to follow! Such a vivid and beautiful piece made poignant by the poet's untimely, tragic death in The Great War. Adlestrop station was opened by the Oxford, Worcester and Wolverhampton Railway in 1853 and closed by the British Railways Board to both goods and passenger traffic by 1966. It had become absorbed by the Great Western Railway and passed on to the Western Region of British Railways after nationalisation in 1948 . In 1913 there were 23440 route miles of railway in Britain - the time from which Thomas' poem dates. After Richard Beeching's report published 1963 (the chairman of Nationalised British Rail) the cuts became more savage. That year 324 miles (521 km) went and in 1964 another 1058 miles (1703 km). By 1975, the system had shrunk to almost half of the 1913 figure: 12000 miles (19000 km) of track and 2000 stations; it has remained roughly this size ever since.
  • Jogging Diary 11th August 2009 Part 1 - Progressive Conservatives or Hot Air A road run over a known route seemed the best option today. I knew the time I had available and the time the run would take and so from a duration perspective this route fitted the bill. The route took me round the Grandhome country route which involved only road running. Comments and rants tended to concentrate on Conservative Party claims and problems with the Education system. Discussion touched on the recent claim by George Osborne that the Conservative Party would be a progressive force in British politics. His claim that radical approaches would be implemented in various different areas including in Education to improve these systems whilst also decreasing cost was of course disputed. General deficiencies within the Education system and the lack of general success by all parties within the Education area were highlighted. It was also suggested that Conservative privatisation of previously nationalised industries such as telecommunications has resulted in the UK falling behind other countries in terms of supply of a suitable broadband infrastructure to meet the needs of the 21st Century.
  • Andrew Marr's History of Modern Britain - Episode 1 (Pt 3) Andrew Marr's History of Modern Britain Episode 1 - 'Advance Britannia' (Pt 3) 1945 - 1955 - Passport to Pimlico - Squatters revolt - Churchill speech to Truman - The Iron Curtain descends - End of Empire - Indian independence - Partition of India, violence and chaos - British Nationality Act - Mass immigration begins - National Coal Board - Coal industry nationalised
  • Bank Nationalization Fears "Fears for BofA and Citi rattle markets" By Francesco Guerrera, Aline van Duyn and Alistair Gray in New York Published: February 20 2009 10:20 | Last updated: February 20 2009 21:45 Fears that Citigroup and Bank of America would be nationalised shook global markets on Friday, sending shares in the financial sector tumbling. Citi fell 22.3 per cent to $1.95, bringing its losses this week to nearly 47 per cent and reducing its market value to $10.5bn. Bank of America fell another 3.6 per cent to $3.79, giving it a loss of 33.6 per cent this week. At one point during the day, BofA was down more than 35 per cent. The S&P 500 dropped 1.14 per cent, paring earlier losses after the Obama administration sought to downplay talk of bank nationalisations by stressing its commitment to private ownership while stopping short of ruling it out altogether. This administration continues to strongly believe that a privately held banking system is the correct way to go, ensuring that they are regulated sufficiently by this government, said Robert Gibbs, White House press secretary. Thats been our belief for quite some time, and we continue to have that. Chris Dodd, chairman of the Senate banking committee, earlier stirred speculation about nationalisations by telling Bloomberg television: Im concerned that we may end up having to do that [nationalisation], at least for a short time. Wall Street executives told the Financial Times that the US government would begin its stress tests of banks ...
  • Royal Bank of Scotland may yet be nationalised after near total collapse The Royal Bank of Scotland's demise from being one of Scotland's foremost financial institutions now lies in ruins, having to be saved by the British taxpayer and the Bank of England, while Messrs Salmond, Swinney, MacAskill & the forgettable rest look on, still lost in praise for the RBS former bosses & Sir Fred Goodwin ... RBS, worth £75 billion only two years ago, is now valued at £4.5 billion, even though it received £32 billion from taxpayers and shareholders less than three months ago ... not much of a good advertisement for Scottish Financial acumen ...
  • South Florida Forecast for August Sunny with 80% chance of Oil Remember the BP Tony Blair Lockerbie Bomber Deal? Oil giant BP has confirmed its return to Libya's oil and gas fields for the first time in more than 30 years.BP has not operated in Libya since 1974, when the oil industry was nationalised. There have also been political rows, sparked first by the shooting of Pc Yvonne Fletcher in 1974 outside the Libyan Embassy and the Lockerbie bombing of a PanAm plane for which Libya was held responsible. BP's move back into Libya comes two years after rival Royal Dutch Shell announced its return to the country, timed to coincide with the Prime Minister's 2004 visit. British companies have been keen to exploit business opportunities in Libya since sanctions were formally lifted in 2003, with the country attractive in particular to oil companies. Libya produces high quality "sweet" crude oil at low costs and has plentiful reserves of both gas and oil. The country's first oil fields were discovered in the late 1950s and Libya became a major producer in the 1970s before nationalisation and introduction of UN and US sanctions. The group's former chief executive John Browne also reportedly flew to Libya in 2005 to hold talks with Colonel Gaddafi.
  • The West's Sanctions Against Iran for the 1949 Oil Nationalisation Jo-Anne Hart from Watson Institute for International Studies briefly explains how Iran nationalised its oil at Mohammad Mosadegh's time. Britian was in control of Iran's oil, Iran suggested a 50-50 takeaway from the oil's sales which the British refused. Therefore Mosadegh took the case to the parliament to nationalise oil. Britain and Europe set embragos on Iran not trading with for oil in Iran. At the time the United States had control of Saudi Arabia's oil and was feard of the same story happening to her over there.
  • John McFall TV interview March 2008 John McFall speaks about the work of the Treasury Committee, Northern Rock, and his entry into politics. March 2008.
  • John McFall TV interview February 2008 John McFall speaks about the work of the Treasury Committee, Northern Rock, Private Equity, Financial Inclusion, and his work on regeneration and jobs in West Dunbartonshire. February 2008.
  • AIB Nationalised With €3.7bn Injection 23.10.2010 Ivor
  • Gold Confiscation? Mike Maloney & David Morgan In Las Vegas (Part 4) http Hear what Dave Morgan and Mike Maloney have to say about the potential for gold confiscation by the US government.
  • Should IPL be nationalised? IPL on a Sticky Wicket... The great IPL mess needs to be operated under the corporate governance. Watch Mr. Shailendra Singh, Jt. MD, Percept Ltd. commenting upon the issue - should IPL be nationalised? in the show 'Business Point' on the ET Now News Channel.
  • Isle of Man Steam Railway. Part 1. The Isle of Man Steam Railway is a truly delightful line, the only surviving part of the Isle of Man Steam network, that runs from Douglas in the east to Port Erin in the south west of the Island. Unlike preserved railways as we know them, the Isle of Man Steam Railway is still 'State Operated' with fully paid staff. Essentially it's a 'proper' railway, equally at home carrying holidaymakers or commuters. The whole system was closed in 1966 and after a brief revival by Marquess of Ailsa, the lines (except the Douglas to Port Erin line) ceased to operate. The railway as we know it today was nationalised in 1978. Today it's doing well with four trains each direction a day (five during the TT race season) However it does not operate in the winter season. The line is operated entirely by Beyer Pea*** 2-4-0s with the exception of 15 'Caledonia', a Dubs 0-6-0. The video was taken over a period of a few days, from both the lineside and on the train. Engines running included No.10 GHWood in the Apple Green livery of the 'Ailsa' period, and No.12 Hutchinson in the traditional Red livery. No.13 Kissack also made an appearance on our final day of filming. Hope you enjoy this video of a truly lovely but purposeful little line. I'll be going back at some stage! Another video will be up in the near future. This video is has been produce for the locomotive crews and staff of the Isle of Man steam railway. In particular, the fireman on No.12 Hutchinson on Monday 14th September for his ...
  • Bad Debts Soar As Rock Racks Up £724m Loss Nationalised bank Northern Rock made a pre-tax loss of £724m for the first six months of the year as its bad debts tripled. Sky's Joel Hills reports.
  • John McFall questions Chancellor on Northern Rock John McFall welcomes appointment of Ron Sandler as new Chair of Northern Rock's board, and questions Chancellor on the nationalisation. House of Commons, Treasury Questions, 6th March 2008. Parliamentary Copyright
  • Anglo Irish Nationalised 15.06.09 Ivor
  • Will KG-D6 gas be nationalised? The very public spat between Reliance Industries (RIL) and Reliance Natural Resources (RNRL), set for a Supreme Court hearing of October 20, has forced even the government to re-look at its stance.
  • Telling You What To Do #2 Localised vs Nationalised Medicine News
  • What are you views on nationalised transport? Garforth Public Meeting June 2009
  • Jogging Diary 11th August 2009 Part 2 - Progressive Conservatives or Hot Air A road run over a known route seemed the best option today. I knew the time I had available and the time the run would take and so from a duration perspective this route fitted the bill. The route took me round the Grandhome country route which involved only road running. Comments and rants tended to concentrate on Conservative Party claims and problems with the Education system. Discussion touched on the recent claim by George Osborne that the Conservative Party would be a progressive force in British politics. His claim that radical approaches would be implemented in various different areas including in Education to improve these systems whilst also decreasing cost was of course disputed. General deficiencies within the Education system and the lack of general success by all parties within the Education area were highlighted. It was also suggested that Conservative privatisation of previously nationalised industries such as telecommunications has resulted in the UK falling behind other countries in terms of supply of a suitable broadband infrastructure to meet the needs of the 21st Century.
  • Former ABC Site in Perth (1960-2005) Former ABC Radio and TV Studios in Perth, Western Australia (1960-2005) The ABC in Perth managed with substandard accommodation until purpose built facilities were constructed for both radio and for the introduction of public owned television in Western Australia in 1960. The ABC started in Perth with Radio station 6WF, when it was nationalised by the Commonwealth Government, following a Royal Commission in 1927. Prior to that, 6WF dates back to 1924 when Western Farmers Limited (Wesfarmers) began operating the radio station from the top floor of the company's Wellington Street building. In 1929, the Australian Broadcasting Company took over the station until the Australian Broadcasting Commission Act was passed on July 1, 1932, under the Federal Labor government. This company was a consortium of entertainment interests formed to supply radio programs for broadcast on the former "A-class" transmitters contracted to the Federal Government's National Broadcasting Service. The Royal Commission of 1927 had recommended full nationalisation, but the conservative Nationalist government chose this approach instead. A policy that changed when Federal Labor gained power. The Perth studio complex featured in this video was built in 1958, on the former site of Rose Hill House, at 191 Adelaide Terrace. ABC radio moved to the new facilities in 1959, whilst work continued on the television building on the lower part of the site, facing Terrace Road. On Saturday May 7, 1960, ABW Channel ...
  • Nationalised Olympia
  • Citigroup to make 50000 people unemployed. Raised later on when US Government almost Nationalised the Bank. Citigroup to make 50000 people unemployed. Raise later on when US Government almost Nationalised the Bank. Six Months Ago CitiGroup were the worlds Largest bank by Market Cap. Not any more.
  • [HD] Tribute to British Airways Tribute to British Airways HD video - 1080p Music: Lasgo - Lost British Airways plc (BA) is the flag carrier airline of the United Kingdom which is based and headquartered in Waterside, near its main hub at London Heathrow Airport. British Airways operates a second hub at Gatwick Airport and a third hub, served through its fully owned subsidiary, BA CityFlyer, at London City Airport. British Airways is the largest airline in the UK based on fleet size, international flights and international destinations. BA's UK passengers originating at non-London airports must connect via London after British Airways discontinued all direct overseas flights from UK airports, other than Heathrow, Gatwick and London City Airports, with the sale of BA Connect to British regional carrier Flybe in 2007. The British Airways Board was established in 1971 to control the two nationalised airline corporations, BOAC and BEA, and two much smaller regional airlines, Cambrian Airways from Cardiff and Northeast Airlines from Newcastle upon Tyne. On 31 March 1974 all four companies were dissolved to form British Airways (BA). After almost 13 years as a nationalised company, British Airways was privatised in February 1987 as part of the privatisation plan by the Conservative Government of the time. The carrier soon expanded with the acquisition of British Caledonian (BCAL) in 1987 and Gatwick-based carrier Dan-Air in 1992. Despite being a longtime Boeing customer, British Airways placed a major order ...
  • McDecimalisation..8.../ '..ed. Bld.. Policy ConTroLious. 0) de-nationalisation seems to have been largely an accident - or, at best, a policy emerging by trial and error. Elected in 1979, the Conservative government led by Margaret Thatcher favoured increasing competition. At the same time, ministers were obliged to address the problem of government budget deficits. But in the late 1970s, the notion of privatisation was scarcely even a gleam in a minister's eye. Joseph's conversion Sir Keith Joseph, Mrs Thatcher's close adviser and Minister for Trade and Industry, had become impressed by the liberating impact on technology of deregulation of telecoms in the United States. He was also keen to remove from public-sector unions the power to throttle the nation's communications. Yet the fundamental driver of privatisation proved to be the incompatibility of funding investment in the nationalised industry and the government's target for public sector borrowing. BT was profitable, but the investment necessary to maintain this position counted as public borrowing so long as the business was owned by the state. Amidst massive publicity, the issue of 20 November 1984 was greatly over-subscribed. On 1 December about 2.1 million members of the public were allocated almost two-fifths of the shares, to ensure wider ownership, and British financial institutions bought nearly one-half. When dealing began on 3 December, BT shares traded at an unexpectedly high premium. Bandwagon gathers pace After this there was no ...
  • Andrew Marr's History of Modern Britain - Episode 1 (Pt 4) Andrew Marr's History of Modern Britain Episode 1 - 'Advance Britannia' (Pt 4) 1945 - 1955 - National Coal Board - Coal industry nationalised - European Coal & Steel Community - Frozen Britain - Plans for mass starvation - Horsemeat, reindeer, whale steaks & Snoek
  • Ireland banking crisis: next after Greece? IRELAND - Banking crisis: next after Greece? Can one bank bring down a country? The situation is so serious in Ireland that the whole of Europe has been asking just that. A medium size lender, Anglo Irish bank, collapsed when the property bubble burst 2 years ago and had to be nationalised. The bank has already cost the Irish tax payers over 25 billion euros. Ireland has been downgraded twice by credit rating agencies in a couple of months and thanks to this bank, it has the highest deficit in Europe, over 20% of its Gross Domestic Product (GDP). The cost of saving the whole of the Irish banking sector is expected to cost tax payers around 90 billion euros. And without European financial solidarity, Ireland would be bankrupt. Economists have feared a repetition of the Greek financial crisis, one that could be fatal for the European currency. www.france24.com
  • Bradford & Bingley Nationalised The government are forced to step in and stem the tide of a falling stock market as credit starts to freeze up
  • Lloyds returns to profit Part-nationalised Lloyds Banking Group says it has headed back into profits for the first three months of the year. . Follow us on twitter at .
  • Banking crisis : Questions on the solutions EcoTV: The expertise of the economic research department of BNP Paribas. Sibylle Dehesdin: Are banks a bottomless pit? Citigroup was recently partially nationalised which led world stocks to slump again. We are with Laurent Quignon to discuss the banking business in France and the US Hello Laurent Laurent Quignon: Hello Sibylle. Sibylle Dehesdin: Do you think the partial nationalisation of Citigroup is marking the beginning of a wider nationalisation of the American banking sector? Laurent Quignon: While a temporary nationalisation would make sense for the institutions most exposed to risky assets, the Geithner program prioritises, for the moment, a private solution. The US government will only act in last resort, in order to compensate the lack of investors. If the treasury could further increase its participation in the big US banking groups with the deterioration in economic situation and in market conditions, a complete nationalisation, according to the Swedish model of the early 90s, does not seem the most likely scenario. Sibylle Dehesdin: President Sarkozy recently turned down the possibility of a bad bank in France. Do you agree? Laurent Quignon: The solution of bad banks proved its effectiveness for resolving previous banking crisis, especially in Nordic countries. It is easy to implement when assets in question are mostly simple, like loans. Well, the present crisis is above all a crisis of valuation. The government could improve the solvency of the most exposed ...
  • Southern Steam - Maunsell N Class in Southern Railway Days Archive cine film depicting members of Maunsell's N Class, a 2-6-0 'Mogul' design constructed by both the South Eastern & Chatham Railway and it's successor, the Southern Railway in the latter company's livery. The N class was designed by Richard Maunsell, CME of the SECR, to be a modern powerful mixed traffic locomotive to replace the regular double heading undertaken by smaller and older loco classes. Design work started in 1914 but was delayed by the Great War. The first prototype, number 810, did not emerge from Ashford until July 1917. In extended trials the design proved to be so successful that following abortive attempts by the Association of Railway Locomotive Engineers to produce standard loco classes for use by all British railway companies, the government adopted the standards idea and selected the type to be produced by the former munitions factory at the Woolwich Arsenal as an alternative to closing the factory once it's wartime function was no longer required. Ashford works themselves did not move quickly producing the class, with only 15 locos emerging (up to 825) until December 1923 - number 822, was built as the prototype three cylindered version to be known as the N1 class. Meanwhile the Woolwich Arsenal produced kits of parts, however after the government abandoned its attempt to nationalise the railways there were few takers (the nationalised railway was due to receive 100 of the class). Those companies which did buy the "kits" were the GS& WR of ...
  • BP Oil Spill - Tony Hayward's Testimony Part 16 (2010-22) June 17, 2010 Watch the full testimony: In May 1901, William Knox D'Arcy was granted a concession by the Shah of Iran to search for oil, which he discovered in May 1908. This was the first commercially significant find in the Middle East. On 14 April 1909, the Anglo-Persian Oil Company (APOC) was incorporated as a subsidiary of Burmah Oil Company to exploit this. In 1935, it became the Anglo-Iranian Oil Company (AIOC). After World War II, AIOC and the Iranian government initially resisted nationalist pressure to revise AIOC's concession terms still further in Iran's favour. But in March 1951, the pro-western Prime Minister Ali Razmara was assassinated. The Majlis of Iran (parliament) elected a nationalist, Mohammed Mossadeq, as prime minister. In April, the Majlis nationalised the oil industry by unanimous vote. The National Iranian Oil Company was formed as a result, displacing the AIOC. The AIOC withdrew its management from Iran, and organised an effective boycott of Iranian oil. The British government - which owned the AIOC - contested the nationalisation at the International Court of Justice at The Hague, but its complaint was dismissed. By spring of 1953, incoming US President Dwight D. Eisenhower authorised the Central Intelligence Agency (CIA) to organise a coup against the Mossadeq government with support from the British government. On 19 August 1953, Mossadeq was forced from office by the CIA conspiracy, involving the ...
  • Talksport Callers on unemployed and trusting Nationalised banks (George Galloway) One caller believes those who aren't working and on Job Seekers Allowance (or Benefits/dole) should give something back because he doesn't want you to get something for nothing. George Galloway as always (defender of the unemployed), pummels the guy silly by saying does he favour bringing back the workhouses (and referencing Charles Dickens famous novel Olver Twist). With a lack of intellect, the caller says yes, he would want to see the return of the workhouses. Another caller simply doesn't trust the government to run our banks and like the big Execs to run them as they are. The caller is implying (according to Galloway) that he would like to see the NHS privatised with people like Fred Goodwin helming the free market healthcare system since he is questioning the state of the NHS. Where are they getting them from, says Galloway. Originally broadcasted on 28th February 2009.