Word: guaranteeeing
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So, you see, the real bailout wasn't TARP. It was lending and guarantee programs from the Fed and the Federal Deposit Insurance Corp. The Fed had a mere three borrowing programs before the crisis started in the summer of 2007, when two Bear Stearns hedge funds failed. At the...
Speaking at MIT on Oct. 26, President Obama besought MIT students and students at colleges all across America to tackle the “challenge of their generation” by pursuing research in alternative fuel sources and technologies and other methods of combating climate change and obtaining independence from...
Growth Model When the indian national congress took power in 2004, Singh changed course and began an intensive effort to improve the lot of the nation's farmers. Between the 2003-04 and 2008-09 fiscal years, the central government's budget for agriculture quadrupled. Government schemes built rural roads...
And, for now, just that. Some Indian economists criticize the government for spending too much on welfare programs, such as the job-guarantee scheme, and not enough on irrigation systems and other investments that could make farms more productive. "Giving a cow won't help a farmer long-term," says...
After last year's war, with his military routed, Saakashvili latched on to development as a sort of defense guarantee: "It's very uncomfortable to bomb skyscrapers. It looks very, very ugly." He said he spends 80% of his time looking for investors, cooking up projects and cheerleading for the...