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...nothing. At this point, there is a greater risk from mass redemptions - like a run on the bank - than there is from a rash of money funds declaring that their assets have gone bad. Money market funds are designed to be low risk, and by law are allowed to invest only in government bonds, certificates of deposit, short-term IOUs issued by companies, and other highly liquid securities - though, unlike the similarly named "money market deposit accounts" found at many banks, they're not FDIC-insured...
...visited a village where local elders had just passed a law requiring all women to give birth at a clinic or face fines of about $8--more than the clinic fee. And the World Bank, UNICEF and the British government's Department for International Development have agreed to jointly invest $262 million over the next three years to overhaul Sierra Leone's shambolic health system. "We will lose two or three more generations," says Geert Cappelaere, UNICEF's representative in Freetown. "But the core message is one of hope...
Third, we need to integrate service into education. We should help schools develop service programs outside the classroom. And I've proposed an annual college-tuition tax credit of $4,000 in exchange for 100 hours of public service. You invest in America, and America invests in you--that's how we'll make college affordable for every American...
Second, we need to invest in grass-roots ideas, because the "next great innovation" usually doesn't come from government. So I'll create a Social Investment Fund Network and bring together faith-based organizations and foundations to expand successful programs across the country...
...When asked if PhRMA member companies will continue to invest in direct advertising, spokesman Jennifer Page said that PhRMA has no knowledge of the companies’ business decisions due to federal anti-trust laws that prohibit collusion on business practices...