Jan 07
28
Mac Bank Touches A Political Nerve
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MacQuarrie Bank likes infrastructure. And they have been incredibly successful at it too in Australia.
They are moving relentlessly forward in other countries too. In the US its toll roads that have taken their fancy. They may hit a raw nerve though. According to thenewspaper.com they have apparently just announced a deal to purchase a chain of local newspapers that is the main voice of opposition to the toll road network that they are buying! And in the US people tend to get mobilized a lot more readily than in Australia…
“The newspapers are
the main communication tool for many of the rural Texan communities,
with many citizens at risk of losing their homes and farms through
eminent domain,” Costello wrote.
Many
of the small papers purchased, most have a circulation of 5000 or less,
have been critical of the Trans-Texas Corridor. An article in the Bonham Journal for example, states, “The toll roads will be under control of foreign investors, which more than frustrates Texans.”
the main communication tool for many of the rural Texan communities,
with many citizens at risk of losing their homes and farms through
eminent domain,” Costello wrote.
Many
of the small papers purchased, most have a circulation of 5000 or less,
have been critical of the Trans-Texas Corridor. An article in the Bonham Journal for example, states, “The toll roads will be under control of foreign investors, which more than frustrates Texans.”