Word: marche
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...business had it not been for the stimulus package. Jamiel owns a shoe store in Providence, R.I. He told of eight different banks that turned him down late last year when his 73-year-old business, struggling from the economic downturn, was badly in need of a loan. In March, he was able to secure $400,000 from a credit union through a program set up by the stimulus plan, whereby the government provides insurance for small-business loans. Jamiel said the loan has allowed him to restock his store, Jamiel's Shoe World, and that sales have nearly doubled...
...situation has become bad enough that the FDIC, which is responsible for the "legacy loan program" to remove toxic loans from banks' books, is considering alternative plans to the one rolled out at the end of March by Geithner. A senior Treasury official says the legacy securities program, which is intended to handle toxic securities, is "chugging along nicely" and that they are seeing "interest on both sides" of potential sales. The official says that while some banks may be reluctant to participate, Treasury is not worried...
...When she was first appointed Dean in March 2008, Hammonds said in an interview with The Harvard University Gazette that she was cognizant of “many challenges facing the College.” But in multiple interviews with The Crimson over the last month, the Dean’s colleagues in University Hall say that she, like them, never anticipated the slew of obstacles to face the College administration this year: an unprecedented budget crisis, uncertain House Renewal, and traumatic events in the student population, including four undergraduate deaths and a shooting in Kirkland House last month...
...policy decision that has most influenced the union’s evolving approach towards the possibility of layoffs—“the big enchilada,” Jaeger calls it—was a March announcement that funding from the endowment, Harvard’s multi-billion dollar treasury, would decline by more than 15 percent over the next two years...
...oral arguments on Coleman's second appeal of a statewide recount that took away his initial lead of 215 votes and handed the advantage to Franken. The January recount had given Franken a 225-vote lead, and a three-judge panel expanded that lead to 312 votes in March, deciding Coleman's first appeal in Franken's favor. No one knows when the state's supreme court will issue its decision on Coleman's second appeal, but legal experts say it should be fairly soon after Monday's arguments, which came nearly three weeks after the supporting briefs were filed...