Word: accept
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Dates: during 2000-2009
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What's happening now is really better described as a sorting out. The big banks in the most trouble are going to have to accept ever greater government ownership and control of their affairs. The ones in the least trouble are going to try to run away from the feds as fast as they can. (See 25 people to blame for the financial crisis...
...Anti-Bush If there is one thematic frame that has infused almost every action of the early Obama Administration, it has been this: Obama is no George W. Bush. He won't interrogate prisoners like Bush. He won't operate Guantánamo Bay like Bush. He won't accept lobbyists into his Administration like Bush. He will court the opposition party much more seriously than Bush did. He is unlikely to even keep the Bush request for a new helicopter to transport the President around the Washington D.C. region. "The helicopter I now have seems perfectly adequate...
...United Auto Workers (UAW) took a major step toward fulfilling the terms of the federal loans doled out to automakers this winter. The union said Monday that it has reached a tentative agreement with Ford to accept some equity instead of cash to finance the special trust for retiree health care, known as the Voluntary Employees Beneficiary Association, or VEBA. (Read "UAW agrees to Concessions With Automakers...
Under term loan agreements that GM and Chrysler signed with the U.S. Treasury in December, the UAW is required to accept equity instead of cash as payments into the health-care trust. But only last month, Gettelfinger said he was reluctant to accept any equity because it could jeopardize the health-care benefits of retirees. Gettelfinger also noted at the time that the UAW had not signed any commitment to a new VEBA funding scheme as part of the government loan deal...
...heels of a massive economic recovery bill last week, Obama’s announcement that he will drastically cut the budget deficit over the course of his presidency seems highly difficult to accept. Fortunately, the administration has made it clear that it has proposals on how to reduce the deficit, and we are hopeful that it can actually accomplish these promised cuts. Reducing the federal budget deficit is essential to maintaining a healthy economy in the long term...