People's Journal
The People's Journal, or Folkbladet in Davostani and Kivonian, is a predominantly non-partisan news organization in Davostan.
The People's Journal mainly reports on national and global political news, and occasionally entertainment.
The People's Journal is modeled after the old Davostani newspaper the Daily Journal.
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7 May 4870
10% of power generation in provinces to be given to new company; debates over nationalization of the MEB; major expansion of infrastructure projects
A new company in two provinces has been given the exclusive right to produce 10% of their power generation; heavy debates begins over suggested nationalization of the largest bank in west Macon; announcement of major expansions in infrastructure projects nation-wide.
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Fort Reinhardt, Kovmark - Mid November 4869, last year, Viktor Nordling a prominent bureaucrat in the Province of Kovmark started the Kovmark Industry Ab, or Kovstrin, a newly established company who's operational portfolio lands in the exploration, production, and distribution of power generation as well as chemicals. The largest bank in western Macon, the MEB, as well as the Shippington company both helped finance the creation of this new company. The Chairman of it, Nordling, presented this evening the signing of a major deal with the provinces of Kovmark and Sønderhavn. In the deal, it was agreed that the two provincial governments would allow Kovstrin to produce 10% of the electricity in both provinces. During a share-holder meeting, it was announced that they had plans to expand into the oil and gas markets in the near-future, setting to become a multinational company.
Despite being a company with no official government involvement, its founder and Chairman, Viktor Nordling, is heavily affiliated with the provincial governments of Kovmark and Sønderhavn as well as with the national government, by having been a prominent member of the All-Union Nationalist Party. However, any government involvement within the company has been strongly denied by both sides. In any case of a possible involvement, the market seems to look at the company through positive lenses, with a hard dedication, they have spent the entire year since its formation to building major power stations around its operational jurisdiction. And with an astonishing revenue of 76.3 billion LOD and a net income of 31.1 billion LOD, it is believed to soon hold a strong position on the Macon market.
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Kivonia, Kovmark - Heavy debates and discussions have now arisen within the National Convention concerning the operations of the MEB, or Makoniska Enskilda Banken AB (Luthorian: Maconic Indiviudal Bank), the largest bank in Davostan-Kivonia and one of the largest on the Macon continent. Some social democrats and a large portion of one-nationists has called for its nationalization. To understand why the one-nationists would call for its nationalization, one has to understand the primary goals of one-nationism. One of those goals being self-sufficancy, in other words Autarky. The reason for why Pan-Makonism is popular among one-nationism is the concept of a self-sufficient Macon, the idea being that in the concept of a united Macon, Telamon will be the agricultural center, while Davostan will be the industrial center, and Hutori will serve as the political and the densely populated center, thus creating a balance to self-sufficiency. Critics of the nationalization of the MEB, have come from various directions even among those who believe in the Maconic autarky, stating that the Maconic self-sufficiency won't be realized if Davostan is brought on its knees before that could happen. In response to the criticism of the proposed nationalization, it has been stated that the MEB needs close supervision to make sure that the economy of the nation is at a continuing growth. The MEB representatives called to the National Convention responded by stating that the MEB is and will continue to serve its founding principles of patriotism and service to the State, even as a privatized entity.
The national government has kept a close eye to the debates, and has stated that they remain firm in the belief that the Convention will make the right decision. Interpret that as you wish, but since the entirety of the cabinet is made up of one-nationists it is impossible to know which side they are on. The Cederstam family and clan has controlled the MEB ever since its foundation, and has remained loyal towards the ruling House Reinhardt. Some experts state that the MEB is already in a way "nationalized", due to its heavy loyalty towards the State. The MEB has a history of ignoring potential revenue for its shareholders just to make sure the State and the nation's economy is in a good position. What can be expected in the coming weeks, would be extensive lobbying to keep the status quo of the MEB remaining officially non-nationalized.
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Kivonia, Kovmark - The Ministry of Infrastructure and Transport announced yesterday their plans to construct high level efficient high-ways and infrastructure that will connect large parts of the country, all from urban to rural areas. These constructions will begin in a year or so, and will be financed through the state-friendly Shippington company. "This will increase national travel and the flourish of local businesses at an enormous level", Minister Philip Ström stated and continued, "We are also looking into cooperating with Hutori and Telamon in constructing continental high-ways too". Large subways systems in the cities of Kivonia, Vermillion and between the island of Nyberg and the mainland were also at a planning stage and would if calculations are correct in 4873. The provincial Infrastructure Ministry in the Province of Dovmark, expressed a desire for a national endorsement to expand the port of the city Engelshøj, in order to increase the maritime trade in the Lievenian Sea, something they have tried to fight for for quite some time.
The state-owned 'West Macon Mining Industry' and the provincial Infrastructure Ministry in the Province of Sønderhavn laid out their plans to expand minor mining projects around the province, to increase the excavation and production of iron, steel, coal and the most important natural resource in Davostan, Tungsten. With the enormous success of the Dahlmine since its opening in 4792, has allowed the government to expand this area of production and increase its markets. The mining industry is an important if not a vital part of the Davostani economy and its enormous success in its economic growth. And state officials see a continuing potential of it, even looking towards the neighboring nations of Hutori and Telamon, hoping to expand their cooperation in this field as well. With the 4795 Treaty of Friendship between Davostan and Kundrati, it is stated that the former should prioritize the export of tungsten to the latter than to other nations, but Unionite state officials are beginning to question this part of the treaty mostly due to the Kundrati change in government system now and then, something that could be a potential risk to the Unionite economy, firstly if Kundrati instability would erupt in to civil war or secondly if the "wrong kind" of regime took over, none of these being seen, yet. Some propose to expand the prioritization of tungsten to all NACTO members, while others propose to restrict and limit and completely remove prioritization of the export of tungsten to any nation. Only time will tell which way the Unionite officials will go.
