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...treasury during the first three months of 2009 and Congress poised to offer consumers substantial tax credits for new, more fuel efficient vehicles, the costs of helping the struggling automobile industry are mounting fast. Throw in special financing for auto loans supported by the Federal Reserve Board, and the aid for automakers now totals $83 billion-and it keeps growing...
...less celebrated aid package, the U.S. Treasury has advanced $5 billion to automotive suppliers in an effort to keep them out of bankruptcy...
...Almost lost amidst all the headlines about crisis aid to the automakers, the U.S. Department of Energy is now preparing to release $25 billion in loans appropriated last autumn to speed up the transition to more fuel efficient vehicles. The cash is supposed to be used for specific projects that increase fuel economy. Ford, for example, has applied to use some of the federal cash to convert an assembly plant in suburban Detroit from building trucks to building small cars and electric vehicles. The project costs $550 million and Ford hopes to use some of the DOE cash. GM, Chrysler...
Since the bequest of John Harvard in 1636, the FAS has been continually renewed by gifts from alumni and friends. In light of the current needs of the FAS, the Development Office has redoubled its energies in raising current-use unrestricted and financial aid funds for the Dean without adversely impacting gifts to the endowment. This will be reflected in Harvard College Fund messaging and overall fundraising approaches, and will require that the FAS speak with “one voice” about the importance of flexible gifts to the Dean. The FAS Development Office asks that all fundraising...
...founding summit - namely, the global recession. Many of the countries worst hit by the economic downturn are the same 12 nations that have joined the E.U. since 2004, most from Eastern Europe. Now not only are those post-Cold War newcomers - who used huge inflows of European development aid to build up U.S.-style economies - most in need of more emergency funding to prop up their credit-dependent markets, but they are also viewed as migrant threats to other E.U. nations already facing escalating unemployment. Not surprisingly, such factors have fueled a rise in the sentiment among old E.U. nations...