Word: aid
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...House, Congressman Gary Peters of Michigan was circulating a similarly confiscatory levy. But House Banking Committee chairman Barney Frank was not about to be bothered with such legislative niceties. He pointed out that the U.S. government - after pledging more than $150 billion in aid to the company - owns 79.9% of AIG. He told reporters, "I think the time has come to exercise our ownership rights. We own most of the company. And then say, as owner, 'No, I'm not paying you the bonus. You didn't perform. You didn't live up to this contract.'" (See how financial madness...
...like AIG, Freddie has had to go back to the government a number of times with cup in hand. The mortgage giant has already received $14 billion in government aid. After a fourth-quarter loss of $24 billion, the company said it needed an additional $31 billion from the government to keep the lights...
...lives of ordinary Darfuris. The now-defunct NGOs contributed 80 percent of the workers to the UN World Food Programme’s efforts in Darfur and maintained hygienic standards in packed refugee camps. However effective or ineffective these organizations may be, 2.75 million refugees depended on their aid, along with millions more...
...Others argued that the international community would mobilize around this indictment, justifying Ocampo’s actions. This cold calculation of politics for blood was wrong. Instead of increasing aid or taking multilateral action against Darfur, the UN remains silent about NGO expulsion. Why? China is unwilling to retrench its support for Sudan. It blocked a basic press statement from the UN Security Council that would have condemned Khartoum for this retaliatory injustice. The African Union and the Organization of the Islamic Conference, two potential sources of international support in the region, remain silent, and are unlikely to act against...
...meet U.S. Treasury Secretary Timothy Geithner and bosses at embattled American carmaker General Motors. Opel, a Germany-based division of GM, is fast running out of cash and GM and Opel bosses recently went cap in hand to Berlin to ask for $4.25 billion in state aid. In return, GM say they will restructure Opel by cutting costs and loosening the company's ties with the parent company in Detroit. Opel would become an autonomous legal entity, half of which could end up in the hands of private investors. The question is: should German taxpayers help out America's biggest...