US lawmakers, especially former Republican presidential candidates Marco Rubio and Ted Cruz, have expressed concerns that the Russian oil company Rosneft might end up owning Citgo, which is based in Houston, Texas.
That stems from the fact that PDVSA put Citgo up as collateral for a corporate bond issue in December that Rosneft underwrote. If PDVSA defaults, Rosneft could demand Citgo as compensation.
posted on 04/24/2017 11:47:39 AM PDT
It sure is a good thing we got rid of gunboat diplomacy.
posted on 04/24/2017 11:52:43 AM PDT
Hold muh beer while I open a factory in a communist country...
posted on 04/24/2017 11:55:26 AM PDT
(I regret that I have but one subscription cancellation notice to give to my local newspaper.)
Hammered. And Sickled.
The GM plant will soon be making the “Yugo Chavez”. Ba-dum-tish! Thank you, I’ll be here all week. Tip your waitress.
posted on 04/24/2017 12:16:11 PM PDT
(An object at rest cannot be stopped! - The Evil Midnight Bomber What Bombs at Midnight)
That’s ok. GM will merely pass along any loss to their customers by raising prices.
posted on 04/24/2017 12:17:24 PM PDT
(CDC site, "We don't know how people are infected with Ebola")
The author above wrote a sensational headline for clicks, imagine that!
The reality is that the GM plant made fewer than 500 cars last year and was operating at a loss.
Shutting down a money-losing factory hurts employees, not the company.
Sure, VZ seized the GM factory...and can pay those salaries there if it wants...and can find the cash.
Does any of the above really “wallop” GM?!
This is a 500 car/year factory from the 1950’s!
posted on 04/24/2017 12:20:39 PM PDT
(The one thing preppers need from the 1st World? http://tinyurl.com/ktfwljc .)
as General Motors can attest following the unexpected nationalization of its plant there.
Unexpected? This is what always happens under communism.
posted on 04/24/2017 2:02:13 PM PDT
(In 2016 small-town America got tired of being governed by people who don't know a boy from a girl.)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson