Word: doled
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Last week, Federal Reserve Chairman Ben Bernanke said the recession is probably over. But that hasn't halted the Treasury Department from continuing to dole out billions of dollars to financial firms. The latest installment came two weeks ago, when the Treasury sent nearly $75 million from the Troubled Asset Relief Program (TARP) to five banks. Community Bancshares of Mississippi was the largest recipient, getting $52 million in federal funds. All told, the government has spent nearly $5 billion in rescue funds in the past three months. Many of the recipients have been small banks. (See TIME's special report...
Educational institutions currently have two ways to offer federal loans to students. In the Federal Family Education Loan (FFEL, pronounced "fell") program, the government pays subsidies to banks and lenders to dole out money to borrowers and reimburses companies up to 97% of the cost of any loan that is not paid back. The second way is the direct-loan program, created in 1993 as an alternate option, in which the government cuts out the middle man, lends money directly and gets all the profits. If the Student Aid and Fiscal Responsibility Act (SAFRA) passes both houses of Congress...
...shopping week draws to a close, get ready to dole out the cash. Whether you balance brimming piles of full-price textbooks and novels in a snaking line on the Coop’s top floor, log on to Half.com or Amazon and fill a virtual shopping cart, or stop by Gnomon Copy to place an order for $300 worth of bound essays, book-buying is usually stressful and costs a fortune. The worst part: There’s a good chance you’ll never even crack open that brand-new copy of “The Order...
Reed, a Washington consultant, ran Bob Dole's 1996 presidential campaign
Reed, who worked for Jack Kemp and the Republican National Committee before running Bob Dole's 1996 presidential campaign, is a consultant in Washington. He offered TIME this reminiscence...