Word: bailouts
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Troubled financial institutions that recruit heavily from Harvard may soon face restrictions on hiring international students if they accepted federal bailout funding. Under a recently passed amendment to the federal stimulus bill, companies participating in the Troubled Assets Relief Program—a government financial-rescue plan implemented last fall—will face more restrictions in hiring H-1B visa holders, foreigners with at least a bachelor’s degree and “highly specialized knowledge” in a particular field. Firms affected by the amendment—including nearly all large investment banks?...
...respectable performance of each constituent member. Failure to remain united may breed disillusionment with Western capitalism and leave Eastern Europe dangerously susceptible to Russian influences. Thus, for the sake of national interest and the endurance of the European Union, Western countries must find the means to create a bailout plan for failing countries in Eastern Europe...
...given rise to an upsurge in nationalist sentiments. Both the UK and Germany are due national elections in the next year or so, and leaders are astutely aware of the demands of their public. Nevertheless, politicians must do their utmost to explain the imperative need for an Eastern European bailout to their constituents. There will undeniably be short-term costs, but the long-term security that this plan ensures is in Europe’s best interest...
...bailout plan also presents an opportunity to improve several conditions within the European Union. The European Union allowed many Eastern European countries to amass unsustainable levels of debt in order to create a sense of prosperity—an act that has compounded the negative impacts of the current crisis. A bailout plan would generate more stringent economic regulations and could be used to promote unification of the national fiscal policies within Europe...
...like Citigroup and AIG that have been deemed too big to fail, and Geithner may have a hard time persuading it to pony up hundreds of billions of dollars more if necessary, as he said on Tuesday it might be. When the Administration rolls out its more detailed bank-bailout plans in the next few weeks, Geithner will have another chance to salvage his reputation as a salesman. But the truth is, if the plans fail on their own, it won't be Geithner's tone of voice or his demeanor that brought him down, no matter what the Washington...