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There is much speculation in Chile that the state copper company, Codelco, may sell its 40% share in the Edelnor generation JV. This could raise US$875 million. While not an actual privitization of a company, this represents a switch from government to private control.

Obama has just proposed a plan to privatise the actions of NASA, i.e. release it from government control. The President says this would put astronauts on a more ambitious and sustainable path to the future. Some others believe that this is the death of the nation's space flight program...

This article is about the profit the insurance, private pension and savings bond businesses of Brazilian banking group Itaú Unibanco had in the third quarter. Business by business, life and private pension plans contributed to this gain. Total profit was $216 million USD.

Almost one in three public sector employers plan to shed jobs this quarter. Markets keep on chrashing due to economic ressesion. and people constantlt lose their jobs. However, there was better news from the private sector, which expects to see staff numbers grow for the first time since the start of the recession.

The decision may significantly raise the future cost of borrowing for over-indebted eurozone governments. It is part of a new permanent scheme - to be funded by eurozone governments, but not the UK - to replace existing bail-out funds that expire in 2013. "The Member States whose currency is the euro may establish a stability mechanism to safeguard the stability of the euro area as a whole. The granting of financial assistance under the mechanism will be made subject to strict conditionality."

This is about the potential dangers of foreign aid. Donors to Mali are insisting that the cotton industry be privatized. However, this poses a thread to the economy.