Word: debts
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...North America and has three more that are scheduled to close. But Grant Thornton's Rodriguez says that still leaves five to go to match demand. "They still need to take structural steps: reduce suppliers, reduce the number of plants, reduce the cost structure and get rid of excessive debt." Most analysts say GM has to dump underperforming brands...
...longer the best use for the remaining TARP funds. Instead, he said, Treasury is looking at injecting more money into struggling "banks and nonbanks." He said he plans to use some of the remaining bailout fund to support the market for troubled car loans and credit-card debt, as well as to reduce home foreclosures...
Burden of Debt There cannot be any debt without there being creditors somewhere as well [Nov. 3]. Yet, from what we read and hear, it seems that the whole world owes money to no one knows whom. If our capitalist governments have been socialist enough to use public money to pay for private debts, perhaps they might also be socialist enough to address the issue of fairness in the distribution of wealth. It's time we stopped the robber barons getting too rich. Tony Attanasio, MANDELLO DEL LARIO, ITALY
...such considerations will also have an impact on career choice. According to Donahue, “[Generally, non-Harvard] students are going to have to take on more debt, hurting their ability to go on to graduate school...
...that can afford to replace loans with grants. But they can be disastrous for institutions that lack Harvard’s generous endowment. Professor of Eonomics Terry B. Long, who has been working with H&R Block on the FAFSA Simplification Study, says, “High levels of debt are deterring people from going to college at all.” She adds that people in the United States find it difficult to distinguish between good and bad types of debt. Some underestimate the benefits of a college education, and others have no idea of the burden they will...