Selling
off public assets like Hydro One would benefit private investors and lawyers but would not serve the public interest, according to a legal opinion issued today.
RC: You note that school districts, many of them starving for cash, have been selling
off their public assets — such as school facilities and land — to the charter sector.
Felix Rohatyn, the Lazard banker, is still at it: he is telling financially - strapped U.S. cities, to drop their traditional unwillingness to sell
off public assets (water and sewer systems, parks, properties, ports, airports, etc.) to «private foreign investors» — Rohatyn's euphemism for international funny money — and allow himself and cronies to grab it up.
In return for its help, Germany has demanded that Greece slash its public budgets, sell
off public assets, and reform its labor laws.
Not exact matches
That statement would clearly be more reassuring to Americans had not the largest bank in the U.S. in 2008, Citigroup, blown itself up while lying to the
public and its shareholders about its exposure to subprime debt and holding more than $ 1 trillion in
assets off its balance sheet.
«We're seeing the selling
off of
public assets for private gain — the libraries, Brooklyn Bridge Park, Atlantic Yards.
«To help fund the plans, the Government is to sell
off # 15billion in
public assets by 2020, including the student loan book and # 5billion of property and land.
«Royal Mail has always been a privatisation too far and there is a
public majority out there who will vote this government out for flogging
off our national
assets and breaking our
public services.»
And it recommends selling
off the
public's
assets, like the St. Louis airport, trading a short - term infusion of revenue in exchange for giving for - profit corporations access to decades of revenue.
In terms of property, bad
assets continue to be restructured / sold
off (or they've migrated into
public hands), while good
assets & projects are being re-financed far more easily now.
Microsoft and Epic Games are showing
off some sweet new
assets from Gears of Wars just prior to the game's
public unveiling this week at E3 2010.
Many other businesses had cut land deals in the frenzied sell -
off of once -
public assets during the past decade, and they wondered if they might be next.
His latest venture is running Coin Sciences Ltd., a company developing a suite of technologies and services for
public and private blockchains which includes MultiChain, an
off - the - shelf platform for creating private multicurrency blockchains, CoinSpark, an integrated solution for
asset transfer and notarized messaging over bitcoin and Coin Secrets, which displays metadata recently embedded in the bitcoin blockchain.
They are challenging the real estate investment trust's decision to merge with JBG, creating a
public company with properties in New York and the Washington metropolitan area, rather than sell
off its
assets at market prices and return cash to its stockholders.
Today, REITs are looking for new strategies to achieve their growth objectives, including accessing private and
public equity capital; using secured and unsecured debt; issuing preferred stock; pursuing
off - balance - sheet joint ventures, strategic mergers, and consolidations; and acquiring core and noncore
assets in the United States and overseas.
Buying notes from the Shadow Inventory of unadvertised
assets means you are one step ahead of the general
public or people who buy
off the MLS.