Democracy Gone Astray

Democracy, being a human construct, needs to be thought of as directionality rather than an object. As such, to understand it requires not so much a description of existing structures and/or other related phenomena but a declaration of intentionality.
This blog aims at creating labeled lists of published infringements of such intentionality, of points in time where democracy strays from its intended directionality. In addition to outright infringements, this blog also collects important contemporary information and/or discussions that impact our socio-political landscape.

All the posts here were published in the electronic media – main-stream as well as fringe, and maintain links to the original texts.

[NOTE: Due to changes I haven't caught on time in the blogging software, all of the 'Original Article' links were nullified between September 11, 2012 and December 11, 2012. My apologies.]

Wednesday, April 08, 2015

Federal government sells its multibillion-dollar stake in General Motors

The Harper government has unloaded its remaining multibillion-dollar stake in General Motors.

The federal Finance Department said the government sold nearly 73.4 million shares Monday in an unregistered block trade to Goldman, Sachs & Co.

The government’s stake in the automaker was worth more than $3.3 billion Monday, based on a US$36.66 price at the close and an exchange rate of $1.2473. But it’s unclear how much the sale will benefit Ottawa’s bottom line.

Original Article
Source: nationalnewswatch.com/
Author:  Will LeRoy
Topics: , ,

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