Word: loaning
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...case of Wall Street crossing Hope Road. "It's a good metaphor," says Jacqueline Novogratz, Acumen's founder. Some call it venture philanthropy, but Novogratz prefers the phrase "private equity for the poor." What that means is that a small company in India gets a $185,000 loan to make and sell affordable water filters. And that a Pakistani firm receives more than $260,000 in grants and loans to develop housing for urban squatters. All told, since its start in 2001, Acumen has raised more than $24 million from private donors and corporations and has invested in 16 projects...
...vaguely defined, line is that anyone could divert a small part of his Social Security taxes to a private account invested in “a conservative mix of bond and stock funds.” Commentators say the plan is logically analogous to the government offering to loan you money against your future Social Security payments to invest in the market...
...brought respect, and it was like a narcotic," he says. "I couldn't live without it." At its peak, ZZZZ Best had 1,400 employees at 23 locations in three states. But the reality was something else: more than 85% of ZZZZ Best's cash flow came from undisclosed loans fronted by organized crime in New York City--all booked as revenue for supposed contracts to renovate distressed housing. When the FBI finally unraveled the scheme, Minkow managed to pay off his Mafia loan sharks ("You can't mess with them," he says), but some $300 million worth of company...
...Pell Grant program currently operates with a $4.3 billion deficit due to an increase in demand for the grants, and according to a White House fact sheet, “the current student loan programs do not make loans available to students in a cost-effective manner,” and benefits are often provided too much to those not attending school and not enough to those students enrolled...
Discovery has received funding from Howard F. Ahmanson Jr., an ultraconservative savings-and-loan heir. While it does a wide variety of public-policy research (the Bill & Melinda Gates Foundation gave Discovery $9.35 million, for example, to come up with new transportation ideas for the Pacific Northwest), it is best known as a major center of research and advocacy...