September 21, 1988 |
Alarmed that banks might have to pay some of the cost of rescuing failing savings and loan associations, the banking industry called Tuesday for a federal takeover of hundreds of sick thrifts by a new government corporation to be funded by as much as $100 billion in tax revenues. The American Bankers Assn., warning of national "financial instability," took the extraordinary step of advocating the nationalization of a significant portion of a major rival in the financial field.
February 9, 1999 |
More than 1,000 ICN Pharmaceuticals Inc. workers walked off the job Monday to support their boss, Milan Panic, in his fight to take back a factory seized by the Yugoslav government. But police here turned the screws still tighter on ICN's Yugoslav subsidiary by arresting six of his local vice presidents, Panic said. "I think this is not about business anymore," Panic, chairman and chief executive of the Costa Mesa-based company, said in a telephone interview from Hungary.
May 24, 1991 |
The Polish government has begun what promises to be a long struggle to find a fair, affordable means of compensating private owners for property confiscated or nationalized by the Communists. At issue are thousands of properties with a total value estimated as high as $20 billion. They were once in private hands but were taken over by the state beginning in 1946. The post-Communist government has established a new ministry to oversee the "reprivatization" process.
April 1, 1987 |
Selling government-operated enterprises to private investors may be a way of "getting the government off the backs of the taxpayers," as President Reagan and other conservatives claim so enthusiastically. But the privatization last week of the government-owned Conrail freight railroad sounds like a raw deal for taxpayers. And surely it isn't a good example of what the government's role should be in a relatively free-market economy. It was the largest sale of government property in U.S.
February 9, 1999 |
More than 1,000 ICN Pharmaceuticals Inc. workers walked off the job in Yugoslavia on Monday to support their boss, Milan Panic, in his fight to take back a factory seized by the Yugoslav government. But police here turned the screws still tighter on ICN's Yugoslav subsidiary by arresting six of his local vice presidents, Panic said. "I think this is not about business anymore," Panic, chairman and chief executive of the Costa Mesa-based company, said in a telephone interview Monday from Hungary.
September 13, 1991 |
Russian Federation President Boris N. Yeltsin flexed his expanding political muscle on Thursday by taking over control of his vast republic's government and nationalizing all energy facilities on Russian territory. With his decree making the Russian Council of Ministers subordinate to the presidency, Yeltsin put into law the broad powers conferred on him by the crumbling Soviet leadership since he defied a Communist coup attempt and spared the country another era of hard-line rule.
February 15, 1990 |
Nelson R. Mandela, submitting to dozens of interviews with television journalists from around the world, said Wednesday the African National Congress is willing to compromise and consider constitutional guarantees for South Africa's white minority but will not budge on the issue of full black voting rights.
July 4, 1990 |
Reluctantly drawn from his saunter along linen-draped banquet tables groaning with fruit and finger foods, Viktor Kolomiyets brushed pastry crumbs from his Western-made suit and frowned uncomfortably at a question about Communist Party privilege. "Almost nobody in the party believes that what belongs to the party should be taken away," said Kolomiyets, who runs a special military health spa in the Caucasus Mountain resort of Kislovodsk. "Our majority considers this just a lot of sloganeering."
June 23, 1990 |
In a historic day for South Africa's black liberation struggle, Nelson Mandela on Friday took his case to United Nations diplomats and to captains of American industry, drawing vigorous standing ovations as he pleaded for emotional and financial support. The political prisoner turned world statesman, addressing the most influential audiences since his arrival in the United States three days ago, urged the United Nations to resist any temptation to ease Pretoria's isolation.
February 13, 1999 |
Milan Panic, chairman of ICN Pharmaceuticals Inc., appealed to President Clinton on Friday to condemn the "wholly illegal" seizing of the company's Belgrade factory by the Yugoslavian government. In an open letter published in the New York Times, Panic claimed the government had no right to seize the plant, and he urged Clinton to demand that the factory be returned to the 11313775246, accusing ICN of not abiding by its 1991 purchase agreement.