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Matters Financial |
30 June 2003
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Thailand Sets Up New Economic Disaster
Thailand, where the currency crisis of the late 1990s began, has embarked on a plan that could make the country a two-time loser in global financial markets. The cabinet just approved a Bt100 billion ($2.4 billion) fund to bail out trouble Thai firms. The beneficiaries will be the shareholders of these companies of "national interest" while the losers will be the man and woman in Bangkok who pay taxes. Click here to read more.
Connex Trains Meet Their Waterloo
Train travel in the southeast of England just got interesting with the decision by the Strategic Rail Authority to terminate the franchise of Connex a year early. The reason cited was poor financial management. The termination brings up the question of whether the railways should have been privatized in the first place, and the answer will lie in the resolution of this situation. Click here to read more.
US, Europe Both Wrong on Genetically Modified Food
Genetically modified food is either the greatest invention in agriculture since agriculture or an evil that will destroy mankind. It depends on whether one is speaking with an American trade representative or a Eurocrat defending the EU's farm policy. Both are wrong, and both have an agenda that ought to be a source of shame. Click here for our view.