Word: moneys
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Dates: during 2000-2009
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...heavily on the trust-board members since they must consider how it will affect their bottom line far into the future. Outbidding Kraft for Cadbury would force the company to take on a mountain of debt, analysts say, which could damage Hershey's strong credit rating. And raising that money could force the company to issue new stock, potentially diluting the control the trust enjoys...
...Monday, Citigroup said it had worked out a deal to repay $20 billion in government bailout money and terminate a loss-sharing agreement the bank had with the government for Citi's riskiest assets. Citi CEO Vickram Pandit said the moves were signs that his company was returning to financial health. The deal would also remove much of the government's pay restrictions on the bank. "These actions move us closer to ending a very difficult period for our company," wrote Pandit in an internal memo to Citi employees. (See 25 people to blame for the financial crisis...
...Obviously, this is not a positive for Pandit," says Michael Holland, a money manager and the former chairman of Salomon Brothers Asset Management, which was acquired by Citigroup. "Being big everywhere is the business model he has chosen. That means when there are losses anywhere you are going to get hit." Things were booming there back in 2008 when Citi sent Verme to the gulf state - from 2004 through 2008 Citi's revenues from the region grew at a 30% average annual rate. He had run the bank's Latin American operations before being promoted to co-head of investment...
...funneling the money left over from TARP funds toward businesses’ hiring credits, the government will hopefully bring down the remarkably high unemployment rate. According to Obama’s plan, tax credits will be given to industries that employ a certain number of low-skilled workers who would otherwise likely be fired as a result of the economic downturn. Historically, similar plans to keep workers employed during recessions have worked. The 1977 New Jobs Tax Credit was immediately followed by an 11.2 percent rise in employment—a record for the United States at the time...
However, many of these proposals are funded through money that is already legislated for use, and, given the economic realities of the moment, encouraging job growth is far more important than fiscal prudence. The government should look to break the grip of the recession and reject calls to curb necessary domestic spending...