Word: assets
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Today, Cerberus is backing out of those arrangements, ceding some control of its Detroit institutions in return for rich infusions of government aid. The first infusion came on December 19th when President Bush announced that Chrysler, along with GM, would receive $13.4 billion of emergency loans from the Troubled Asset Relief Program (TARP) after Congress had refused to pass a separate bailout bill. On Christmas Eve Cerberus got another last-minute gift when the Federal Reserve Board voted to permit GMAC to change its status to a bank holding company. (GM still owns 49% of GMAC). (See pictures...
...Calestous Juma, director of the Science, Technology, and Globalization Project at the Belfer Center, said Holdren's main asset is his interest in using science as a diplomatic tool in relations with developing countries...
...Young girls, on the other hand, can be an asset to a candidate's image. "There's definitely something in the father daughter-relationship that makes being in the public eye much easier," says Meeks. "Girls want to please their mothers and particularly their fathers. Their dads can take their daughters places and do things with them and the girls...
...plan will move $13.4 billion in funds from the Troubled Asset Relief Program (TARP) to GM and Chrysler, with GM getting $9.4 billion and Chrysler $4 billion. The money will be in the form of three-year loans, but the terms permit the Obama Administration to demand earlier repayment - presumably triggering bankruptcy - if it believes the restructuring goals are not being met. The near-term target is a March 31 deadline for the automakers to show a plan for achieving long-term viability. Based on White House and Treasury descriptions of the plan, this will be less an acid test...
...Calestous Juma, director of the Science, Technology, and Globalization Project at the Belfer Center, said Holdren's main asset is his interest in using science as a diplomatic tool in our relations with developing countries...