Word: loaning
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...School itself does not receive a large amount of federal funding, and Harvard would have been allowed to retain its federal student loan money even if in violation of the law, all other funds granted to the University by the federal government—including those provided for scientific research in the Faculty of Arts and Sciences and research at the Medical School—would have been...
When the Federal Government set up the Air Transportation Stabilization Board (ATSB) last fall to help prop up the ailing airlines with $10 billion in loan guarantees, many credit-strapped CEOs licked their chops in anticipation of yet another big, fat government handout. But this time, at least so far, Uncle Sam hasn't turned into Uncle Sugar. Trying to impose some much needed discipline on the free-spending flyers, the Stabilization Board has required stringent cost-cutting measures as a condition for its help--and hasn't been shy about turning down such requests, as it did with National...
...School does not receive a large amount of federal funding, and Harvard would have been allowed to retain its federal student loan money even if in violation of the law. But all other funds granted to the University by the federal government, including those provided for scientific research in the Faculty of Arts and Sciences and medical research at the Medical School, would have been...
...that if he becomes President, Bush's hemispheric trade plan may have to wait beyond its current 2005 deadline. "Latin America," he says, "has to quit treating the U.S. as an empire." Though Lula reluctantly said he would live up to the rather stringent terms of the IMF's loan if he is elected on Oct. 6, neither he nor second-ranked Ciro Gomes, the candidate of the Workers Front coalition, is regarded with much enthusiasm in Washington. A former metalworker known for probity, Lula insists he won't nix the capitalist reforms but will make them fairer--starting with...
...year fixed-rate mortgage fell to 6.38% last week, reports mortgage tracker HSH Associates. That's down from 6.59% at the lowest point last fall--a level gone in a blink. This time rates look as if they will stay put for a few months. Consider a home-equity loan to pay off the mortgage; it amounts to a refi with fewer fees. Best bet: a 15-year fixed-rate. If you have a $150,000 balance at 7.5% on a 30-year mortgage, you could switch to a 15-year at 5.5% for an extra $175 a month, saving...