Word: loaning
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...back on subsidies for Big Business, the U.S. is not "spending billions" to support the U.S. shipbuilding industry. We unilaterally stopped subsidizing commercial shipbuilding 15 years ago. President Clinton and Congress have joined in enacting and implementing an innovative national shipbuilding program that enhances private-sector financing with federal loan guarantees, not direct subsidies like those enjoyed by foreign shipyards. It also deregulates old programs, converts defense shipbuilding to commercial, competitive construction and negotiates to lower foreign subsidies...
CONVICTION OVERTURNED. CHARLES KEATING, 72; on swindling charges in the collapsed Lincoln Savings & Loan case; in Los Angeles. A federal judge threw out the results of Keating's state trial and excoriated Judge Lance Ito for giving flawed instructions to the jury. Keating remains in prison on federal charges...
...most contentious issue for higher education in the latest continuing resolution has been the Direct Student Loan program, advocated by President Clinton, which allows the Department of Education (DOE) to coordinate private sector loans to college students...
Congressional Republicans have labeled the program a wasteful, "big-government" initiative and attempted earlier this year to cap direct lending to 10 percent of total student loan volume...
Democrats, on the other hand, laud the measure as cutting red tape and giving students easier and less-costly access to funds for higher education, advocating a cap at 40 percent of loan volume...