Word: aid
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Dates: during 2000-2009
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...piecemeal solutions. Freddie Mac (FRE) yesterday said it would need $30 billion in new funding. AIG (AIG) got billions of dollars in additional assistance and a restructuring of its obligation to the government just last week. The Wall Street Journal is reportingthat several large insurance companies may need substantial aid. Those who may put their hands out include MetLife (MET), The Hartford (HIG), and Prudential...
...year, with little sign of picking up in 2009. Toyota announced on March 11 that 4,500 workers at its British factories would see their pay and hours slashed 10% for a year starting in April. The German and British governments are still in talks with GM over potential aid for the U.S. automaker's beleaguered European subsidiaries, Opel in Germany and Vauxhall in the U.K. GM says it needs some $4.2 billion to save its businesses in the region. (See pictures of workers...
...took control of the country in a 1961 coup, he ruled, often with an iron fist, for 18 years. Yet he was deeply moved by South Korea's destitution. In the early 1960s, the country's per capita income was just over $100, and the economy depended on American aid. Park, a virulent nationalist, vowed to do something about it. "I had to break, once and for all, the vicious cycle of poverty and economic stagnation," he later wrote...
...economies by promoting domestic consumption, expanding service sectors and strengthening and extending trade links beyond the U.S. and Europe. Some moves are already under way. Shortly after South Korean President Lee Myung Bak took office last year, he launched a program to improve the service sector by increasing financial aid to targeted businesses and reducing red tape. Singapore is making strides in attracting biotechnology and private-banking businesses to the city-state...
National Free Applications for Federal Student Aid are at three million for the 2009-2010 school year, an increase of 20 percent over the same processing period last year, according to a release by the National Association of Student Financial Aid Administrators on Friday. The government’s direct student loan program is also up by $7 billion this academic year, according to NAFSAA. The increase in applications for financial aid at Harvard maps with the national increase in FAFSA applications. This year, the number of financial aid applicants increased from 73 to 78 percent of the undergraduate population...