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None of that is to say that the bailout bill won't help at all. Paulson and Co. have a lot of flexibility under the legislation, and could ultimately act as a kind of sovereign wealth fund, injecting cash for equity, as famed investor Warren Buffett recently did with Goldman Sachs. Or the Feds could avoid carrying equity by lending money to financial institutions willing to buy up questionable bank assets at discounted rates. But first the Treasury seems ready to dip into its $700 billion to establish a reverse auction set-up to ensure that the government doesn...
...kookier, clueless representatives of the faithful. Maher chats up one guy who used to be a Satanist priest and a fundamentalist minister whom God cured of being gay. He talks with born-again truckers, and some evangelists who make a plush living off the generous contributions of their cash-strapped communicants. He visits the Creation Museum and an Orlando theme park called the Holy Land Experience, where the actor playing Jesus flunks Maher's quiz on some of Christianity's knottier conundrums. On the plus side, he finds two Catholic priests with liberal takes on evolution and Vatican theology...
...other cities in the surrounding area. Boston, Brookline, and Somerville have tax rates of $10 or higher per $1,000 of value, Healy said. The Council’s proposal also includes a measure to use the city’s reserve, or “free cash,” funds to meet $17 million of Cambridge’s 2009 budgetary needs. The city’s reserve fund, which currently contains $91 million, is the largest in the area, said Vice Mayor Brian P. Murphy ’86-’87. For each...
...market, OneSeason.com, a new website that allows users to trade virtual shares of sports stars, made its debut. Sites like the Hollywood Stock Exchange have offered a similar market for actors and movies, and now the concept is trying to take root in the sports world. And while your cash isn't actually funding King James - don't expect a dividend check from his highness - the profits or losses are very real. "You've got a little skin in the game," says Michael Sroka, a 27-year-old ex-former hedge fund manager who is OneSeason's founder...
...more. Now suppliers, loath to extend credit even to longtime partners, are insisting on cash as quickly as possible, sometimes in as little as 15 days - which strains Mitternight's ability to manage his cash flow. "They're concerned things could go wrong," he says. So is he. Which is why he's decided to keep a tight cap on spending instead of expanding his business. That means $35,000 less juicing of the economy when Mitternight doesn't buy a truck. And it means one fewer job created for an HVAC technician...