Companies going bankrupt/into administration

[RenewableCandy]

Warren Buffett's energy company in Texas has crashed.
http://www.theglobeandmail.com/report-o ... e18325982/

[RenewableCandy]

Co-Op farms !!!

For sale all in one lump (so no-one can buy-out the farm where they work), details only available to buyers "with a proven track record of acquisition" (and probably in Chinese).

http://www.theguardian.com/business/201 ... d-to-china

Anyone know anybody ethical and with £150M to spare? Gary Linacker? Brian May?

[Tarrel]

This is where we need Miliband's proposed "National Interest" test for foreign acquisitions of British companies. I'm not a fan of the man, but some of his recent ideas do seem to be making sense. I just wish I could trust his party to deliver on the promises.

[vtsnowedin]

Warren Buffett's energy company in Texas has crashed.
http://www.theglobeandmail.com/report-o ... e18325982/

Having two billion in bonds from a company worth forty billion does not make it your company of put you in charge. So it is not Warren Buffett's energy company.

[biffvernon]

This is where we need Miliband's proposed "National Interest" test for foreign acquisitions of British companies. I'm not a fan of the man, but some of his recent ideas do seem to be making sense. I just wish I could trust his party to deliver on the promises.

This is where we need Clement Atlee's proposed "National Interest" test and nationalise the lot of it.

[Little John]

This is where we need Miliband's proposed "National Interest" test for foreign acquisitions of British companies. I'm not a fan of the man, but some of his recent ideas do seem to be making sense. I just wish I could trust his party to deliver on the promises.

This is where we need Clement Atlee's proposed "National Interest" test and nationalise the lot of it.

But, surely, if someone wants to come and buy an asset that happens to reside inside the entirely fictitious and arbitrarily drawn borders of the land mass known as the UK, who are the citizens (like you biffvernon) or, indeed, the government of this land mass to say they shouldn't? Or is it, perhaps, that you consider that this particular acquisition of our shared, UK resources may affect you. Whereas, all of those others you seem to have far less of a problem with, you consider will not directly affect you and so you are far less bothered about them?

No borders is no borders....right?

[biffvernon]

Steve, not sure if it's wilful or not, but that post shows that you have utterly misconstrued my argument about the role of government and the nature of borders.

Freedom of movement across boundaries has little to do with governance within boundaries, whether the boundary in question is at the parish, county, national or regional level.

[AndySir]

This is where we need Miliband's proposed "National Interest" test for foreign acquisitions of British companies. I'm not a fan of the man, but some of his recent ideas do seem to be making sense. I just wish I could trust his party to deliver on the promises.

This is where we need Clement Atlee's proposed "National Interest" test and nationalise the lot of it.

But, surely, if someone wants to come and buy an asset that happens to reside inside the entirely fictitious and arbitrarily drawn borders of the land mass known as the UK, who are the citizens (like you biffvernon) or, indeed, the government of this land mass to say they shouldn't? Or is it, perhaps, that you consider that this particular acquisition of our shared, UK resources may affect you. Whereas, all of those others you seem to have far less of a problem with, you consider will not directly affect you and so you are far less bothered about them?

No borders is no borders....right?

I don't think the nationality of the agri-corp that buys it out is the issue for Biff.

[RenewableCandy]

That's a point. In days of yore you could argue, well if it's a UK AgriCorp it's subject to UK laws and paying tax to the UK. These days that's no longer the case: transnational corporations aren't answerable to anybody, except their shareholders. If the TIPP goes through, they won't even be answerable to large chunks of the Law of te Land where they operate.

[vtsnowedin]

The population will reduce, but not for a generation or so.

history is not with you on that prediction.

[PaulS]

That's a point. In days of yore you could argue, well if it's a UK AgriCorp it's subject to UK laws and paying tax to the UK. These days that's no longer the case: transnational corporations aren't answerable to anybody, except their shareholders. If the TIPP goes through, they won't even be answerable to large chunks of the Law of te Land where they operate.

Good point. I do not understand why the UK government cannot charge tax on the basis of international profits scaled down to UK turnover for any particular international company. That way, or something along these lines, would immediately stop tax evasion cross borders.

[emordnilap]

Precisely. Pay sales tax at the point of delivery. Corporate tax is more complex but less so than rocket science, which is fairly simple.

[AutomaticEarth]

Not exactly the latest news - Radio Shack looks like it's off down the tubes:

http://www.huffingtonpost.com/jose-cost ... 75486.html

I remember when these were called Tandy round here....used to buy all kinds of bits and pieces in there.....

[emordnilap]

I saw a snap of a Radioshack, ermm, shack, where the first letter and the last four had fallen off.

[AutomaticEarth]

Just been listening to the debacle that is surrounding Kids Company. Turns out that one of the donors withheld a £3M payment as the exec wouldn't step down, so it's gone pop. Turns out the charity needs £2M a month to run

No wonder it went under......