Word: cashed
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...Cash for Clunker Careers What to do? If your goal is to create jobs, you have two choices - and one painful fact - to confront. The painful fact is that the 1930s option, to have the government directly employ millions of people in labor fronts, is not an option today. "There's no way to create real jobs using this approach," says Harvard professor Roberto Mangabeira Unger. In the 1930s, you could throw 10,000 people with shovels at dam or road projects. Today the work of 10,000 shovels is done by a few machines...
...White House needs to propose an omnibus employment-emergency bill that guarantees jobless workers a basic set of rights for two to three years: health care, access to retraining, subsidized mentoring for careers in high-end manufacturing or health services. Handled well, such a program could be a "cash for clunker careers." Obama should also bring together innovative minds in technology and service - the people who run consumer-driven businesses like Disney and Google - to find ways to make the process of being unemployed less of a bureaucratic and emotional mess...
...Merkel's government announced it would bankroll the Magna bid in May, pledging $2.1 billion as a bridge loan to keep Opel afloat, as well as $4 billion in future loan guarantees. The German government also made it clear it wouldn't stump cash for any other bidder. Some politicians accused Merkel of "blackmail" and warned that her government's support for Magna could backfire. Initially, GM had serious reservations about Magna's offer and seemed to favor a rival bid by the Belgian-based investor, RHJ International. One GM official said RHJ's offer was "simple and elegant...
Then their funding request was rejected. Coming up with the cash was out of the question—and their plans went bust...
...gift over the next five years—the largest in Harvard’s history—from Business School graduate Hansjörg Wyss to fund the Wyss Institute for Biologically Inspired Engineering in Allston. Gifts of over $1 million accounted for over 40 percent of the cash total...