Word: funding
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...Treasury Department has said it will invest up to $335 billion of the $700 billion bailout fund in banks and other financial institutions. It is using the money to buy preferred shares in banks, a move it began in late October. So far, it has invested $165 billion in 88 institutions, according to Treasury's website. That does not include the $40 billion the government has promised to shore up ailing insurer AIG or an additional $20 billion in funding for Citigroup, which was approved in late November when the financial giant appeared to be near failure...
...government is committed to freeing up discretionary spending. Earlier this year, Beijing vowed to double the size of the national social security fund, to $147 billion by 2010, and to steadily increase it from there. "This," says CASS economist Wang, "is like turning around an ocean liner. But at least we've started to turn...
...generous social spending programs and hefty pay raises awarded by the monolithic state companies that dominate the economy. Jobs were plentiful, and over the past five years, average wages have risen by 25% annually. Even then there was money left over, which the government put into a rainy-day fund - never imagining that it would need to draw on it so soon...
...Harvard’s schools debate budget cuts, Allston residents face the possibility that funds previously reserved for the University’s expansion plans could be diverted to yet-to-be-determined projects. Since 2001, the strategic infrastructure fund—a 0.5 percent levy on the endowment of all of Harvard’s schools—has set aside money for financing projects in Allston. The fund contained $140.5 million as of 2007, according to Harvard Magazine. But in light of considering departmental budget cuts of 10 to 15 percent, faculty members—often critics...
...tackle unprecedented budgetary constraints. We recognize the new limits facing the College and commend the College for reiterating its commitment to the Harvard Financial Aid Initiative. Likewise, we encourage them to maintain their support of undergraduate life through the continued development of initiatives such as the Student Life Fund and social programming for freshmen, in addition to long-term projects such as House renewal...