Word: aid
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Dates: during 2000-2009
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...Also troubling: Wall Street veterans are complaining that banks and other investment firms - many of which are recipients of federal aid - may be taking advantage of the taxpayer bailout of AIG to boost their profits. "It seems very possible that the banks are forcing AIG to unwind its contracts at a premium," says James Bianco, who runs a financial-markets research firm in Chicago...
...partnership with leading Africans but never suggest they represent Africans. Bono and Geldof represent themselves and others who want to see the world's richest governments keep the commitments they have made to Africa. These two have also argued that trade and investment will be more important than aid. But while business grows, African leaders at the International Monetary Fund conference in Tanzania in March made clear that development assistance is still needed too, for now. Kathy McKiernan, Global Communications Director, One, WASHINGTON...
More along these lines is heading our way. The Administration hopes to harness our inertia with its automatic pension plan, a major step toward universal savings accounts, and by dramatically simplifying applications for federal tuition aid. Its push to computerize health-care records - another big-ticket stimulus item - could make generic drugs and cost-effective procedures our default treatments. And seniors who don't select health-care or drug plans could be automatically enrolled in low-cost options. "It would be nice if we all behaved like supercomputers, but that's not how we are," Orszag says...
...Chrysler Ordered Out of NASCAR Caranddriver.com "In a move sure to spark outrage, the White House announced today that GM and Chrysler must cease participation in NASCAR at the end of the 2009 season if they hope to receive any additional financial aid from the government. Companies around the globe - Honda and Audi, to name two - have drawn down racing operations, and NASCAR itself has already felt the pinch in the form of reduced team spending. A complete withdrawal from America's premier racing series is expected to save more than $250 million between GM and Chrysler, a substantial amount...
...That is why Obama's comments on Wednesday were so notable. The issue of imbalances is not expected to play a big role in the coming G-20 communiqué, which focuses on regulation, aid to developing countries, protectionism and stimulus. But Obama clearly signaled that the issue is on his radar, and that policy shifts may be coming. In practice, this means measures in the medium term that will encourage greater consumption and spending in developing nations like China, and more saving and less debt in the U.S. Although he was vague, Obama discussed what would amount...