Word: loaned
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...young man's dream was to fly across the roads with his sweetheart on a Bajaj scooter. In north India, marriages meant a Bajaj scooter as dowry, Bajaj has said. Tejinder Singh, a retired brigadier in the Indian army, remembers his first Bajaj scooter that he bought with a loan of $70 in 1973. In those days of bicycles, a scooter felt like a royal luxury. "Riding in the night, with my wife at the back, her hands gently holding me was the most romantic feeling," he says...
...extensive in the former Soviet republic, and Moscow has been irritated by the U.S. presence in what it calls its "near abroad" - former Soviet territories - since the U.S. began operations at Manas in 2001. In Moscow in February 2009, perhaps spurred by the offer of a $2 billion loan from Russia, Bakiyev publicly complained that the U.S. wasn't paying enough for its use of the base. That same month, the Kyrgyz parliament voted to end the U.S. presence, though ultimately the lease was renewed with the hefty rent increase. (Read a brief history of Kyrgyzstan...
...struggle came to a head in February of last year, when the Kyrgyz handed the U.S. military base an eviction notice just weeks after Russia provided the impoverished country with a $2 billion loan and $150 million in aid. Russia denied any link between the two events, but U.S. officials saw it differently. Washington soon reached a deal with Kyrgyz leaders to keep the base open - in exchange for a tripling of the yearly rental to $60 million, among other conditions.(See Kyrgyzstan's role in getting U.S. troops to Afghanistan...
...bailouts, how to regulate "systemic risk," whether to cap the size of banks, whether to allow banks to own hedge funds or play the markets with their own cash, whether to preempt stricter state banking regulations, and countless other disputes over leverage and liquidity restrictions, payday lenders, securitization, industrial loan corporations, derivatives end users, mortgage underwriting and other arcane issues that probably won't translate into 30-second attack...
Until now. Gone will be the subsidies, and gone will be the FFEL program. As of July 1, all new student loans will go through the Direct Loan program. The savings - an estimated $61 billion over 10 years - will be used to shore up and increase the need-based Pell Grant program by $36 billion and invest in community colleges. While the Administration has reason enough to crow about the proposed measures, it has had to scale back some of its bigger plans. An earlier version of the bill would have invested an additional $20 billion and offered even more...