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Ireland needs 5 years to regain budget balance -PM

06.09.2009 - admin

DUBLIN, Jan 3 (Reuters) - Ireland needs up to five years to bring tax revenues and current spending back to balance after recession has replaced a decade of spectacular growth, Prime Minister Brian Cowen was quoted as saying on Saturday.
Ireland was the first euro zone country to slip into recession last year and despite a [...]

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El Paso asset sales ahead of schedule

04.05.2009 - admin

In October, El Paso said its 2009 budget included plans tosell $150 million of non-core assets by mid-2009.
In 2009, the company’s pipeline group plans to spend $1.7billion, while its exploration arm is expected to spend about$1.3 billion.
In 2008, El Paso will spend about $3.5 billion.
The Houston company said it completed the sale of a fuel [...]

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Nigeria: 2008 - How Public Assets Were Sold

03.31.2009 - admin

28 December 2008The 2008 privatization transaction year is ending with many of privatized firms looking more controversial than ever, while many more are already on the privatization slab in the coming year(s).While there were less concessions, privatizations or commercialization in 2008 compared to 2007, there are controversies associated with those already privatized.Although about 31 state-owned [...]

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SHOULD WE PRIVATIZE AIRPORTS?

03.30.2009 - admin

Nearly 30 years after the passage of the Airline Deregulation Act, the regulation of airlines is still a hot topic.
Indeed, the United States’ first large-scale experiment with private airport ownership began just a few months ago, when Chicago’s Midway Airport was sold for $2.5 billion to a consortium.
Yet, in Aviation Infrastructure Performance: A Study in [...]

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Madoff Firm Trustee Seeks $28 Million for Liquidation

03.06.2009 - admin

Madoff InvestmentSecurities LLC, according to papers filed Dec.
, the trustee appointed by Securities InvestorProtection Corp., is working to collect as much cash as possiblefor the creditors of the trading firm.
Picard worked out anagreement with Bank of New York Mellon to get $29 million, minus$883,978 already transferred by the bank for costs such asemployee pay and [...]

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Pawlenty Looks to Privatize State Assets

01.13.2009 - admin

(ABC 6 NEWS)– An airport, a major zoo, and land holdings the size of the country of Belize are just some of the things on the chopping block for Minnesota.As many as 44 states, including Minnesota, are looking into selling or leasing valuable assets to garner some desperately needed cash.Governor Tim Pawlenty has hinted that [...]

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Cash-strapped states weigh selling roads, parks

12.30.2008 - admin

The Republican is looking for cash to help close a $5.27 billion deficit without raising taxes.GOP lawmakers are pushing to privatize the Minneapolis-St.
Recommendations are expected next month.Such projects could be attractive to private investors and public pension funds looking for safe places to put their money in this scary economy, said Leonard Gilroy, a privatization [...]

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