Written By: Guest post - Date published: 2:22 pm, August 22nd, 2015 - 55 comments
Solid Energy was this month placed in Voluntary Administration following its financial collapse. Landcorp may not be in quite the same pit as the coal miner, but negative cash-flow and rising debt likely mean it has breached banking covenants. It may be forced to sell good assets at the bottom of the market. Simon Louisson questions why?
Written By: notices and features - Date published: 3:36 pm, June 20th, 2013 - 7 comments
A second repost (with thanks) from I/S at No Right Turn. This time on SOEs.
Written By: Eddie - Date published: 7:00 am, December 24th, 2010 - 95 comments
Say you run a large company. Say the manager of a division in your company chose do a deal that improves the division’s own profitability instead of one that would have made the division less profitable but the company as a whole more profitable. You would be angry. So why are the people who run our SOEs required to act like that?
The current rise of populism challenges the way we think about people’s relationship to the economy.We seem to be entering an era of populism, in which leadership in a democracy is based on preferences of the population which do not seem entirely rational nor serving their longer interests. ...
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