Blog-IT-o ergo sum

	5/20/2004

Socio-Economics 101

ITEM 1

Recommended Budget Adjustments, 2004-05

Major Expansion Items

Jobs and Economic Development

Governor Easley proposes emergency 2003-04 appropriations to the One North Carolina Fund ($20million) and to the New and Expanding Industry Program ($4.1 million). All funds in these programs have been committed, and there are immediate demands for the resources to bring jobs and investment to North Carolina.

ITEM 2

PARIS - Having evidently failed in his first effort to force a merger, Chancellor Gerhard Schröder of Germany has joined with France�s president to call on Europe to work to create national champion companies. Schröder and President Jacques Chirac issued a joint statement following a regular summit meeting this past week saying that governments needed to intervene to create ��the industrial champions that Europe needs.��

...Two of the largest U.S. banks, Wachovia and Bank of America, are now based in Charlotte, North Carolina, which was not previously viewed as a major financial center.

That history does not say anything about whether Deutsche Bank could buy Postbank for a reasonable price or whether the combined operation would be well-run. But it could indicate that Schröder�s vision is not an unreasonable one, whether or not it is a proper matter for the government to try to control...

Question: What is the appropriate description of an socio-economic system where socialist governents work together with corporations through incentive programs and public-private partnerships?

Hint: Same system as first promoted by a short Italian guy and a spunky Austrian with a funny mustache.

10:23:26 PM

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