Nationalization of Freddie Mac and Fannie Mae not pinko?

Every once in a while I hear comments from Americans and even their politicians about how pink Canada is, considering that Canada has publicly funded social net programs such as, a national health care system, welfare, (un)employment insurance, and other social programs.

Production Sharing Agreements Legalized in Iraq

While watching BBC today (July 15, 2007), I learned that Production Sharing Agreements (PSAs) are now legalized in Iraq, despite their being illegal in most neighbouring states. And if only 10 or 12 local oil producers join, that up to the tune of 200 billions of dollars are going to be lost. Imagine the cost savings to western oil companies that purchase the product.