Word: lettere
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...Even before he appeared on the Hill, Obama was laying groundwork to avoid a TARP train wreck. In a letter sent on Monday to congressional leaders, he pledged to devote much of the second installment to assisting small businesses and helping students and car buyers get loans. In personal calls to members on both sides of the aisle he promised better transparency of how the funds are disbursed, reflecting the frustration and anger of many members regarding the Treasury Department's handling of the funds. Still, many Democrats said on Monday that Obama's letter was not enough to convince...
...what did Obama say to charm his former colleagues into blocking the resolution? He promised to write, in a detailed manner, a letter explaining how his Administration would dole out the funds once he is sworn in on Jan. 20. "The conditions have to do with tracking the money, how the money can and can't be used, accountability for the money, what dividends cannot be spent with it, the executive pay issues," said Senator Carl Levin, a Michigan Democrat, emerging from the meeting. "In other words, there's a whole host of misuses of the first half which have...
...Still, some Democrats said they would like to see more than a letter from Obama. "My preference would be for a legislative solution," said Ben Nelson, a Nebraska Democrat. Such a solution, though, is unlikely, as it would open up a complicated can of worms on how to dictate terms to the new President, Republican and Democratic sources said...
Princeton’s endowment has declined 11 percent from July 1 to the end of October, President Shirley M. Tilghman announced in a university-wide letter last Thursday. Tilghman wrote that it was “prudent” to anticipate a decline of possibly 25 percent for the year, from a June 30 value of $16.3 billion. Over the same period, Harvard’s endowment fell by a similar proportion: 22 percent from a June 30 value of $36.9 billion. Yale University also reported losing one quarter of its endowment, projecting a decrease from $22 billion...
...HSHS—which limits guests to two-week stays and requires a one week lapse before the guest is allowed to return—Yelbi moved between the Salvation Army shelter in Central Square and friends’ houses.In his search for a stable home, Yelbi printed letters that explained his situation and requested help, and placed them in mailboxes and churches in the surrounding suburbs. He received no responses.Yet Yelbi says that he remains hopeful despite these challenges. “If you want to go somewhere, then never take a no [for an answer...