« January 2006 | Main | March 2006 »
February 27, 2006
What To Do When You've Got Gas
Bolivia’s gas industry is about to head down a rocky path. Riding on the coat tails of a socialization trend that is sweeping over Latin America, Bolivian president Evo Morales is taking the gas companies from foreigners and placing them under the government’s control. Although a small player in other industries, Bolivia possesses the second largest source of gas reserves in Latin America, and fuels much of the supplies of big-time neighbors like Brazil and Argentina. Claiming that foreigners have taken advantage of Bolivia’s impoverished state to scrape profits outside its borders, Morales is determined to move operations under state management to funnel more money to Bolivians. Whether this is a good move will depend on the government’s oil and gas department to overcome its wretched state.
Posted by Michelle Smith at 09:15 PM | Comments (0)
February 01, 2006
Tiny Cut of the Tax Cut Story
Although much of the excitement over Bush's State of the Union address yesterday was over foreign policy issues, rights to privacy, and mistimed applause from the Democrats, key declarations about tax cuts created enough buzz for Market-Racket to want to review them in more detail.
Posted by Michelle Smith at 08:11 PM | Comments (0)