Word: aid
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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...
...under all of the faltering bits and pieces of the financial and credit systems. Traders are sending a message and have decided not to be subtle about it. America is spreading itself too thin. It has taken on obligations to assist many of its largest financial institutions, aid hundreds of thousands of homeowners, create jobs through an economic stimulus package, and give a large portion of the working population tax cuts. Wealthy citizens and corporations will be required to pay more to offset these obligations. This income will only make a difference if these sources have more...
...Another student entrepreneurship organization on campus is the more established Harvard Student Agencies, which has been in existence for 51 years and was originally founded to provide students with tuition aid through business experience. Unlike HCEF, HSA provides concrete opportunities to practice entrepreneurship by running the existing agencies with the freedom to maintain traditional practices or move the agencies in a new direction. “A lot of the time people think entrepreneurship is just starting new businesses, and it’s not,” says Jim McKellar, the CEO and general manager...
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...
...need to be taken. Chief among those is the need to restore confidence in the financial system and the demand for foreign trade. Most stimulus packages are designed to meet these two needs. More difficult to swallow might be the recommendation to up the "quantity and quality" of direct aid to developing countries, an area of the budget many countries are already slashing. The report makes it clear that developing countries are desperately in need this assistance during the recession to meet basic needs, but that's the problem - as the recession deepens, everyone else needs a hand...