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...plans to start paying back its government loans this month. Repaying the direct government loans well ahead of the 2015 date contemplated by the Treasury Department when it helped GM reorganize during the bankruptcy is the first step toward an initial public offering of stock in the new GM. While GM received more than $50 billion in federal aid, only about $6.2 billion will be repaid in cash; the U.S. Treasury agreed to take stock in lieu of cash for much of the remainder, which gave the government a 60.8% stake in the new GM. Earlier this week, Treasury Secretary...
Smith told The Crimson that the decision not to cut the library budget further was not a direct response to his colleagues’ appeal...
Harvard is concerned about the well being of local shops in light of the economic situation and this is partially what prompted the University to take a more direct role, according to Gray...
...Andrei Kryukov, a student who asked Putin about his plans for the 2012 elections, he had been steered by Putin's press service and coached for two days before the live show went on the air. Putin's answer to Kryukov's question and one other was clear and direct. Yes, he told the millions of viewers watching the show, he would think about running for President again. And no, nobody should hold their breath for his giving up power...
...focus of policy become containment, as opposed to denuclearization? Klingner notes that the North is probably smart enough to "show enough leg" this week to get some form of nuclear diplomacy going again. But the fact that, privately, the Administration is already so skeptical - "those who still believe in direct engagement are now a fringe element," says Klingner - shows that the reality of dealing with North Korea didn't take long to assert itself. What a difference a year makes...