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Showing posts with label cities privatize assets. Show all posts
Showing posts with label cities privatize assets. Show all posts

Wednesday, June 15, 2011

America for Sale: Is Goldman Sachs Buying Your City?

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Dylan Ratigan
Huffington Post

In Chicago, it's the sale of parking meters to the sovereign wealth fund of Abu Dhabi. In Indiana, it's the sale of the northern toll road to a Spanish and Australian joint venture. In Wisconsin it's public health and food programs, in California it's libraries. It's water treatment plants, schools, toll roads, airports, and power plants. It's Amtrak. There are revolving doors of corrupt politicians, big banks, and rating agencies. There are conflicts of interest. It's bipartisan.

And it's coming to a city near you -- it may already be there. We're talking about the sale of public assets to private investors. You may have heard of one-off deals, but what we'll be exploring with the Huffington Post is the scale and scope of what is a national and organized campaign to shift the way we govern ourselves. In an era of increasingly stretched local and state budgets, privatization of public assets may be so tempting to local politicians that the trend seems unstoppable. Yet, public outrage has stopped and slowed a number of initiatives.

Thursday, December 2, 2010

Economic Hitmen Strike Again: Spain Planning to Privatize Airports

Santiago Perez
Dow Jones Newswires

MADRID -(Dow Jones)- The Spanish government plans to privatize the country's top two airports, as part of a series of measures seeking to jumpstart anemic economic growth, Prime Minister Jose Luis Rodriguez Zapatero said Wednesday.

Zapatero told legislators in Parliament that Madrid's Barajas and Barcelona's El Prat airports will be run by private operators under a licensing, or concession system. Both airports have been recently remodeled and expanded to absorb increased passenger traffic in coming years.

The measures announced by Zapatero seek to foster investment and growth after Spain's timid economic recovery stalled in the third quarter, as government austerity measures, high unemployment and weakening exports weighed on output.

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