Word: aided
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...this point, the new Congress and administration seem likely to use $825 billion in aid and $350 billion in TARP money to bring down the tax burden, salvage troubled mortgages, and create a great series of public works projects. These programs are supposed to create over three million jobs as they build energy, education, IT, medical, and broadband infrastructure. Getting the capital for these into the system means running them through government agencies and into the private sector. Many of the projects will operate in regulated parts of the economy like the health care system, so they will be subject...
...Because most of the money earmarked to come from the government into the financial and credit system will not arrive until the second half of the year, unemployment may well be over 9% before aid can support job creation. The retail industry is bleeding jobs. Circuit City has just liquidated, leaving 30,000 people out of work. Unless these newly and soon-to-be unemployed have special skills that will allow them to work in areas other than retail, the economy has no place to employ them...
...admission rate will undoubtedly be lower,” said Dean of Admissions and Financial Aid William R. Fitzsimmons ’67 in a phone interview yesterday. “We only have about 1,660 places in the freshman class. We know the Houses are full to capacity and there are no places to put students in the Yard. As last year, we will be conservative in April and take more students from the waitlist in case there is a significant jump in the yield...
There are several possible reasons for the increase in applicants, including last year’s expansion of financial aid and recruiting programs like the Harvard Financial Aid Initiative. This year 78 percent of applicants will apply for financial aid, up 5 percent from last year. After last year’s elimination of early admissions, applications rose 20 percent, a possible result of the increased emphasis on recruiting during a time when admissions officers would have formerly been considering early admissions applications, according to the Harvard Gazette...
...agency plenty to do. The FDIC also plans to do more monitoring of lending practices. Last week the FDIC said it wants the 5,000 banks it regulates to provide more data on what they are doing with the billions of dollars the institutions recently received in federal aid. Bair is pushing the banks to use more of the money to make loans or help homeowners facing foreclosure...