Word: goale
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...primary goal of a financial firm has always been to maximize monetary profits; unlike “nonprofits,” a financial company exists solely to make as much money as possible for its executives, employees, and shareholders. One might rightly characterize this profiteering spirit as “greed,” but, prior to the recent economic meltdown, such greed was never an issue for the public. Bernard Madoff’s investors did not care if their money fueled a Ponzi scheme as long as they received their regular returns. Shareholders of Merrill Lynch were unbothered...
...measure - now heralded as $780 billion, down from $890 billion - will include about 40% in tax cuts and more than 80% of the spending will flood the faltering economy within the next 18 months. But with just three Republican votes, the bill falls well short of the bipartisan goal Obama worked hard to achieve...
...There are various ideas being bandied about, but the goal is common: to entice mortgages servicers, whether lenders themselves or third parties acting on behalf of investors, to rewrite the terms of loans so that people behind on payments might be able to keep their homes. (Read the four steps to ending the foreclosure crisis...
...hopes to obtain soon. “We’re developing more of the preclinical data that we need to support a clinical trial,” Ali said. “All the components we use in the system are FDA improved for clinical trials and our goal is to get this system into clinical trials as soon as possible.” —Staff writer Alissa M. D’Gama can be reached adgama@fas.harvard.edu...
...Senate bill, unveiled on Tuesday, is equally wasteful. "[Obama's team] turned it over to the congressional staffs," Feldstein says, and the result is that the bill spends like Congress always spends: with an eye to benefiting regional constituents. The problem, he contends, is that the bill's goal is to boost overall national spending, which is a very different thing...