Word: late
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...shaky fortunes of the ailing U.S. auto industry, appearances could hardly have been more deceiving than they were Wednesday on Capitol Hill. Late in the day, the House of Representatives passed by a wide margin of 237-170 a bill to give General Motors and Chrysler $14 billion in emergency loans from a green modernization fund that Congress created earlier this year. (Ford is in better shape and has not asked for short-term emergency assistance.) But behind the scenes, things looked pretty dire for the Big Three's hopes of a rescue...
...final passage would be to allow two substitute bills, one Democratic and one Republican - cosmetic votes that would fail from the get-go but would give senators the chance to vote for certain provisions near and dear to their hearts that are not in the compromise package. Democrats, scrambling late Wednesday to find a way to get a bill passed, were also considering allowing votes on amendments. "We're trying to see if there's any flexibility out there," a top Democratic aide said of the search to scrounge enough votes. (See the 50 worst cars of all time...
...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...
...instance, the government completed its initial investment of $25 billion in Citigroup in late October. Back then, a preferred share similar in type to those purchased by the government was trading at $15.60. Since then, the shares have fallen 12%, to a recent $13.67. To figure out the total return of Treasury's portfolio, TIME compared the returns of an index that tracks financial preferred shares with the dates on which Treasury made its investments. All told, in about six weeks the Treasury Department has lost an estimated $16 billion, or about 10% of the money invested...
When militants attacked the Indian Parliament in late 2001--an assault blamed partly on Lashkar--the two countries came to the brink of another war. The U.S., then mopping up after defeating the Taliban in Afghanistan, helped keep them apart. The subsequent cease-fire has ushered in a few years of peace, one now endangered by the Mumbai attacks...