Argentine President Cristina Fernandez holds a petroleum sample as she announces plans for her government to nationalize a giant oil company that is largely owned by a private Spanish company, Repsol. Behind her is an image of the country's former first lady, Eva Peron.
Credit Diego Giudice / Bloomberg via Getty Images
A pump extracts crude oil in western Argentina, at the foot of the Andes mountain range near the border with Chile, in 2007. The refinery is owned by the Spanish company Repsol, but Argentina's government plans to take over the company, which is complaining about the move.
Originally published on Fri April 20, 2012 9:39 am
It's sounds like a story from the past: A Latin American leader announces plans to nationalize a large foreign company, touching off a high-stakes battle that involves money, politics and diplomacy.
Yet it's happening right now. Argentina's President Cristina Fernandez said this week that her country plans to take over a giant Spanish oil company at a time when the economies in both countries are facing challenges.
Spanish officials are threatening to retaliate against Argentina for seizing a majority of shares in the biggest oil company in Argentina, YPF.
There's nothing like the intensity of young love, but that descriptor cuts in many ways at once. Feelings so pure and intoxicating can never be repeated, but they cannot be controlled, either, by the wisdom and maturity that enrich and sustain a relationship in the long term. Intensity can curdle just as quickly into jealousy, possessiveness and depression; when a heartsick teenager uses a phrase like "I'll die without him," adults may roll their eyes, but it's just barely a figure of speech.
Originally published on Fri April 20, 2012 2:30 pm
The nation's oldest ball park is turning 100. Boston's Fenway Park has been home to the Red Sox through some of baseball's greatest highs and most heartbreaking lows. The park also narrowly escaped the fate of similar old stadiums that were torn down.