Word: loaning
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Arrival in the Promised Land is a mixed blessing for Soviet Jews. While President Bush insists that Congress delay action for 120 days on the Israeli request for $10 billion in loan guarantees, Soviet immigrants remain homeless. President Bush's political posturing and reckless abandonment of principle has reached a new peak in the past two weeks. In playing his game of Mideast politics, President Bush has displayed a glaring indifference to the plight of Israel's Soviet immigrants. Just last week, Bush pledged to veto any Congressional resolution to aid Israel in the form of absorption loan guarantees...
...should not be a matter of politics. They are people who simply need assistance, and will thrive with our help. While the Soviets are only allowed to leave the Soviet Union with $100, more than 40 percent of them are college graduates; many have years of work experience. The loan guarantees would be earmarked for providing housing, creating jobs and teaching the Hebrew language to the immigrants...
...hard to understand why Bush wants to delay U.S. backing. The loan guarantees are not an economic risk for the United States. No money will pass from the U.S. Treasury to the Israeli government. The package will only add the United States as co-signers on 10 billion dollars in loans for housing, a partnership that is needed to secure low interest rates for incoming Soviet Jews...
...first glance, they may look like the heroes featured in traditional baseball cards, but the 36 hardball players immortalized in the Savings & Loan Scandal Trading Cards are best known not for their hits or their runs but for their headline-grabbing errors. Presidential favorite son Neil Bush, political puppet master Charles Keating and junk-bond giant Michael Milken are among the reluctant celebrities honored in the latest offering from California's Eclipse Enterprises, whose previous politically risque parodies also feature palm-size portraits of front-page phenoms -- such as Neil Bush's dad in Iran-Contra Scandal Trading Cards...
After applauding Buffett for his changes, Congress focused its anger on regulators. House members, seeking a new image of toughness after being stung by the savings and loan debacle, blasted the Securities and Exchange Commission, the Treasury and the Federal Reserve for failing to detect Salomon's fraudulent bids fast enough. Congressional leaders accused regulators of being too cozy with Wall Street firms and warned that Congress would move quickly to overhaul the $2.2 trillion government-securities market to prevent similar abuses in the future...