Word: debts
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...Some of AIG's payouts were retention bonuses, the latest tin-eared act of the large insurance company. In light of the injury AIG caused the economy and the debt it owes to the government, many see these actions as an abnegation of the company's duty to reasonably compensate their employees. Responding to the public's outcry about the AIG compensation disclosure, members of the House and Senate, along with the Treasury Department, have proposed a motley mix of measures seeking to counteract these bonuses...
...easy transition from revolutionary to democrat. Released in 1989, he helped the ANC negotiate a peaceful end to apartheid. As minister he inaugurated a program of white-to-black wealth redistribution, only to temper it when the parlous state of public finances demanded he target growth and cut debt...
...priorities" to maintain a responsible budget. For weeks, Obama's economic advisers have been repeating the mantra that times of crises are times of opportunity. It is a thesis well founded in Keynsian economics, since the federal government has great incentives to stimulate the economy by taking on more debt during downturns. About a month ago, a senior administration official explained the dynamic this way. "It's actually easier to do expansive economic policy in a recession," the official said, in a statement that is widely accepted by economists. "The existence of a large pool of unemployed people creates...
...with the global recession, hobbling two of Detroit's giants, GM and Chrysler. Even Toyota, the model of a modern car company, is facing its first operating loss in decades. Tata Motors, India's largest automaker, is not immune. Sales of its commercial vehicles and cars have slumped, and debt from the company's purchase last year of luxury brands Jaguar and Land Rover is weighing on Tata Motors' balance sheet. Tata argues that the Nano is exactly the right car for these difficult times. "If I had conceived a million-dollar supercar today, I think you'd have every...
...British government. "Tata Motors is progressing on the refinancing options and discussing with banks," a spokesman said. It can also tap funding from stronger sisters within the Tata Group, which controls 98 companies in sectors ranging from steel to technology services. But "the whole group is under major debt," says Swarup of SupplierBusiness India...