49.9 F
San Francisco
Tuesday, July 23, 2019
Tags Socialism

Tag: socialism

The nationalization of Banco de Venezuela

Banco de Venezuela is one of the most important banks in Venezuela, with a 12 percent share of the market in loans and obtained profits of US$170 million in the first half of 2008, a 29 percent increase on 2007, when its profits had already increased by 20 percent. It has 285 offices and 3 million customers. Banco de Venezuela was nationalized in 1994 after a massive banking crisis which bankrupted 60 percent of the banking sector, only to be privatized in 1996 and bought by the Spanish multinational banking group Grupo Santander for only US$300 million. In only nine months Grupo Santander recovered its original investment.

Latest News

Kids, adversity and sleep problems: What you can do

All kids need a good night’s sleep. Research shows this is essential for neurotransmitters, the chemicals that allow brain cells to communicate.

(Dis)location: Black Exodus – Let’s talk about how it happened and...

Celebrate the publication of (Dis)Location: Black Exodus, activated by the unprecedented out-migration of Black San Franciscans from their historic neighborhoods. Bayview Opera House, 4705 Third St., San Francisco, on Saturday, Aug. 3, 5-7 p.m.

Blow the whistle! How the wheels fell off the Warriors’ dynasty

Oakland is going to miss those million fan parties and victory parades when you crowned the whole town with championship trophies and jubilation! But hey, you gave us a great run while it lasted!

Reparations now! Pass HR 40!

Broaden this opening to envision the reparations we need to fully repair and heal African nations and people and increase the participation of our people in making our desperately needed reparations a reality – now!

Spotlight: Kevin Cooper’s case exemplifies decades of systemic failures

Not everyone caught in the criminal legal system prompts backsliding on reform, and not everyone is hit with high-profile murder charges. Not everyone is framed. And very few have Kim Kardashian fighting for them.