Word: departmentalized
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Although Britain has a strong arms and defense industry, environmentalists say a revolution in substitute fuels and renewables requires the backing of the U.S. military, whose procurement and R&D budgets dwarf those of other nations. (Last year, the U.S. Department of Defense spent $79 billion on internal R&D;...
First, he highlighted a massive new FDIC program to get the banks to sell troubled mortgages. For all the focus on complex securities based on bad loans, the bad loans themselves pose the greatest threat to banks' balance sheets, according to the Treasury department. Bill Gross, chief investment officer of...
Making it through the next couple of months will require more financial engineering than mechanical, and that process moved along this week, too. The U.S. Treasury Department's decision to release $5 billion in federal loans to automotive suppliers suggests that the Obama Administration is likely to approve billions in...
But none of that has calmed this week's circus in the nation's capital. And so on Thursday, after little debate, the House overwhelmingly passed a measure to tax at a rate of 90% not just the AIG bonuses in dispute, but the lion's share of bonuses paid...
Likewise, Democrats and Republicans have concerns about the constitutionality of the Judiciary Committee's bill, which would authorize the Justice Department to sue for the return of bonuses given to employees of companies that have received more than $10 billion from the government. The legislation, if passed, would also allow...