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Ouch. I cant say I'm stunned but I cant help but feel a small sense of satisfaction. Sloppy business practices rarely cost businesses what it should and in this case, it might cost BP everything.BP has reported a record quarterly loss of $17bn in the wake of a major oil spill that it has been trying to stop for months with limited success.
The company also announced it planned to sell assets worth up to $30bn over the next 18 months and cut its net debt to between $10bn and $15bn in that period.
BP posts $17bn loss after oil spill - Business - Al Jazeera English
Ouch. I cant say I'm stunned but I cant help but feel a small sense of satisfaction. Sloppy business practices rarely cost businesses what it should and in this case, it might cost BP everything.
BP posts $17bn loss after oil spill - Business - Al Jazeera English
Ouch. I cant say I'm stunned but I cant help but feel a small sense of satisfaction. Sloppy business practices rarely cost businesses what it should and in this case, it might cost BP everything.
Not a perfect ending, if I had it my way I'd confiscate and sell any US based BP assets to pay for the damage.Yes. satisfaction that there is 17b less to pay for damages. Awesome! :thumbs:
Not a perfect ending, if I had it my way I'd confiscate and sell any US based BP assets to pay for the damage.
Socialist, actually. Stark difference.that's cause yuse a commie. :2razz:
Socialist, actually. Stark difference.
Just out of curiosity, how much have you actually looked into these ideas?Personally the difference between those two philosophies is the difference between poop and crap, both stink.
Not a perfect ending, if I had it my way I'd confiscate and sell any US based BP assets to pay for the damage.
Just out of curiosity, how much have you actually looked into these ideas?
Insurance.So, even though BP is paying for the clean up costs... you would seize all their assets to pay for the clean up costs? What on Earth would be the point of that?
Ah, Im sure.Alot... :thumbs:
Stripping away the specifics, Communism is a collective governance and distribution of resources by a central government whereas Socialism is governance and distribution of resources via a group of citizens who are not of the political class. In both cases, the goal is to create a class-less society where the basic needs of all citizens are met and where the profit motive is no longer a driving force in society.Tell me what's the difference between the two, in summary, in your own words. thanks.
Insurance.
Insurance.
A confiscation of US-based assets would ensure that if BP decides they've paid enough. Either way, we have assurances of at least partial payment.What indication exactly has BP given you that they are not going to pay damages? They already put up $20 billion, and now are preparing to make more available..seems to me that a company planning not to pay would not take such steps.
A confiscation of US-based assets would ensure that if BP decides they've paid enough. Either way, we have assurances of at least partial payment.
Call it a proactive approachWe have those assurances anyway, since if BP is ordered to pay damages and refuses, the US can then seize their US assets anyway.
Call it a proactive approach
Insurance.
Ah, Im sure.
Stripping away the specifics, Communism is a collective governance and distribution of resources by a central government whereas Socialism is governance and distribution of resources via a group of citizens who are not of the political class. In both cases, the goal is to create a class-less society where the basic needs of all citizens are met and where the profit motive is no longer a driving force in society.
I realize it's less black and white than you are used to, but it's an important distinction to make.So the ends are the same, the proccess is one calling themselves government, the other not calling themselves government?
Semantics, The Difference maker! :thumbs:
Yes. satisfaction that there is 17b less to pay for damages. Awesome! :thumbs:
While I wouldn't jump for joy to see BP fold, I'd have to say it's their own fault. Had they taking the proper safety measures and not tried to cut corners none of this would have happened.Unfortunately, I don't feel the slightest satisfaction in all of this. If BP goes down, they won't be able to pay for any additional cleanup costs/additional spill damage that may arise.
I realize that's a standard response from someone with such a binary view, but since you havent really demonstrated that you have a grasp on the subject, I dont know how much good trying to flesh out the concept to you would do.No its not.
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