Word: auctioneers
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Dates: during 2000-2009
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...Recognizing that their bill was just an opening gambit, the two House Democrats notably left open one of the most controversial questions: whether, under a carbon cap-and-trade system, to auction off pollution credits to companies, as Obama's plan would do with 100% of them, or to give away some or all at no cost. If even a portion of the credits are auctioned off, the scheme could produce hundreds of billions of dollars in revenues, since almost every big company in America would need to buy the credits to initially comply with the more stringent standards...
...example provided by the Treasury for the FDIC part of the plan, an investor could put up $6, get matching investments from the Treasury for another $6, then obtain loan financing of $72 from the FDIC. This would allow the investor to purchase a security with an $84 auction price (and a face value of $100). Again, Geithner did not provide details on the terms of those loans...
...submit to the show. The show is unconventional in that all of the profits of each work will go to the respective artist; the show’s organizers will not collect commissions off the sales. The selection committee, however, will specifically chose 20 pieces for a silent auction and 20 percent of their profits will go to maintaining the show in the years to come.Though clichéd college posters will continue to stake their territory on student walls, these glossy sheets may now have to share that turf with original student paintings. If the Harvard Student Art Show...
...private investment fund, heavily backed by government money. But versions of the plan have faced challenges from the start. Last year, when he was head of the New York Federal Reserve, Geithner said the government might to try by itself to restart sales in these assets using a "reverse auction" where sellers bid down an asset's price to compete for buyers. (Read "Obama's Challenge: Containing the AIG Bonus Outrage...
...settle for a pageant of public shaming, in which the scoundrels must beg forgiveness and make amends; we'd claw back those bonuses, foreclose on their castles, auction their toys, watch the once mighty prowl a grocery aisle calculating whether they can afford the big box of cereal that is a better deal but ties up more capital. It might appease our restless animal spirits for a time; biologists have found that receiving an apology affects blood chemistry, slows the heart rate and calms our breathing - all much needed at a moment of national fibrillation. Chimpanzees apologize, or at least...