After 500 years, the government of David Cameron has announced the unthinkable
: from as early as today a majority stake in the Royal Mail
of the United Kingdom of Great Britain and Northern Ireland will be put up for sale into private hands
. Some are not happy
The sale is expected to fetch between US$3-4.7 billion
But what does it mean
? Should you invest
? And what does it mean for other postal systems in, say, Australia
or the USA
Postal services have been benefiting from the rise in online shopping, even as traditional mail declines.
How We Happened to Sell Off Our Electricity
is James Meek's dissection of the systematic re-privatisation of the UK power industry.
Are you an enemy of liberal principles if you question the fact that, when local electrical engineers dig up the roads in London, they’re working for East Asia’s richest man, the Hong Kong-based Li Ka-shing? In north-east England, they work for Warren Buffett; in Birmingham, Cardiff and Plymouth, the Pennsylvania Power and Light Company; in Edinburgh, Glasgow and Liverpool, Iberdrola; in Manchester, a consortium of the Commonwealth Bank of Australia and a J.P. Morgan investment fund.
The Royal Society Digital Archive
is now on-line and free to use ... until December. Until that time, every article in its collections, going back to 1665, is freely accessible. Poke
around, who knows what
you might find