The UK’s privatised railways are less efficient, and a bigger drain on public resources than the former British Rail. Nationalisation should be considered. Yet mainstream politicians of all parties have been unwilling to make a clear case for nationalised ownership. This was exemplified recently by the Office of Rail Regulation’s (ORR) April 2013 report, GB Rail Industry Financial Information 2011-12. According to the ORR report, the state-run East Coast rail franchise was the least reliant of all British rail franchises on government money.
The authors of the Royal Charter on the Self-Regulation of the Press have come under a great deal of criticism in recent weeks, but if there is one thing that can be said of them it is that they have certainly read the Leveson Report.
The day Steve Jobs died, after a much publicised battle with cancer, Apple’s shares rose in the stock market - analysts called it “a tribute”. The next year Apple’s stock continued its steady rise, becoming the most valued company ever as measured by market capitalisation.
This year Venezuela celebrated 201 years since its declaration of independence on 5 July 1811. Hugo Chávez took this opportunity to talk about the nation’s independence hero: Simón Bolívar. Bolívar liberated Ecuador, Colombia, Venezuela and Panama of Spanish rule and is considered a revered figure in these countries, especially in Venezuela. Chávez often claims that he is fulfilling Bolívar’s dreams and living by his ideology, thus he calls his movement “la Revolucion Bolívariana” (or the Bolívarian Revolution) in honour of the South American independence hero. But how much of Chávez’ policies and rhetoric actually fit with Bolívar’s vision for the continent?