Word: funded
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Among other key questions: What percentage of the purchase price will the government fund? A senior Administration official said as much as 80% of the purchase price could be government money, but the number has not yet been fixed. And who gets to keep the profit, if there is any? Does Uncle Sam let the private player keep it all, or does the government get some? How and when does the private player have to repay the government loan? And what if the toxic asset stays worthless - does the private buyer lose his money first, or does the government...
...from previous downturns, some expats are electing not to return to banking centers such as New York City and London. This recession is global, and the implosion of the financial-services industry means job prospects back home are even bleaker. American Marc Rudajev, a 37-year-old ex-hedge fund manager whose $350 million fund dissolved in the middle of 2008 as global stock markets swooned, is one of the Singapore expats not hurrying home. "This economic crisis is affecting every country," he says wearily. "But if there is a glimmer of hope anywhere, it's here rather than...
...Westerners who elect to stay need to lower their expectations. Ex-hedge fund manager Rudajev is adjusting to a humbler lifestyle. After his fund closed, he accepted a sales position at a Singapore-based stock brokerage for a modest salary. "We're not eating out as much," he says. "We're cutting back on holidays." Even so, he has decided not to pull his two children out of their international schools, and he still frequents the American Club sports bar, where the TV screens hanging from the ceiling blare more CNBC financial news than football or tennis. Most evenings...
...recovery when it comes to taxes. Ponzi survivors are getting a litany of mixed signals from bulletins, tax-adviser reports, panel discussions and the Web. And to make matters worse, many of those trying to get their tax returns in quickly are being slow-danced by their former feeder-fund managers, who, under advisement, have been slow in sending out amended statements, or K-1s; they have until Oct. 15, the final deadline for 2008 filings. (See a TIME video from outside the courthouse...
...conditions are ripe for his party's answers to problems that are far beyond the present storm. Inside the Administration, Obama's audacious budget sketch is seen as an intricate web of reinforcing reforms, an exquisite piece of re-engineering in which stimulus creates jobs, jobs generate revenues, revenues fund an efficient health-care system, which in turn tames the deficit. What critics consider a massive intervention to impose a price on carbon emissions is, to the White House, the engine for the growth of a robust new green economy. Meanwhile, students will begin graduating from improved schools and moving...