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...Kashkari a chump?' REPRESENTATIVE ELIJAH CUMMINGS, questioning Neel Kashkari, manager of the Treasury Department's $700 billion rescue plan, after bailout recipient AIG spent $503 million on executive bonuses...

Author: /time Magazine | Title: Verbatim | 11/20/2008 | See Source »

...purchase of mortgage assets is going to be the exception," says Thomas Brown, whose hedge fund, Second Curve Capital, specializes in financial firms. "If it does happen, it will be select purchases." Neel Kashkari, who is heading up TARP, has said that $250 billion will cover the demand for direct investments from banks. And Treasury officials say $40 billion of the money that has been spent was a onetime emergency investment into insurer AIG and should not be counted as part of the $250 billion they plan to invest in banks. Still, the AIG investment depletes the amount of money...

Author: /time Magazine | Title: The Bailout Fund — Running Out of Cash | 11/12/2008 | See Source »

...testimony on Oct. 23 before the Senate Banking Committee. "The government could establish standards for loan modifications and provide guarantees for loans meeting those standards," she said. "By doing so, unaffordable loans could be converted into loans that are sustainable over the long term." At the same hearing, Neel Kashkari, the acting assistant Treasury Secretary in charge of the $700 billion bailout package, said his department is "passionate about doing something about foreclosures and encouraging loan modifications...

Author: /time Magazine | Title: The Next Bailout: Helping Homeowners in Distress | 10/30/2008 | See Source »

...live there will have to find another way to make a living - probably by exploiting nature, rather than protecting it. (A major nickel mine being developed near Andasibe is an ominous possibility.) "With ecotourism, the protected areas and parks are less likely to be used for strip mining," says Neel Inmadar, senior adviser on ecotourism for the green group Conservation International (CI). "You'll never stop development, but you can maintain the environment while providing economic benefit...

Author: /time Magazine | Title: 5 Ways to Find an Authentic Ecotour | 10/24/2008 | See Source »

...have their portraits hung next to the Ibis in the shrine—Zachary, the light-skinned freedman who rises from carpenter to first-mate on the Ibis during its disastrous journey from America; Jodu, a young boatman who grew up in the household of an aristocratic Frenchman; Neel, a fading maharajah—but by the end of this novel they have only just come together onboard the real ship. The volume’s closing image is of Deeti and Zachary on the deck of the Ibis, the first physical meeting of the two, but one that Deeti...

Author: By Jillian J. Goodman, CRIMSON STAFF WRITER | Title: Waves Threaten, But Never Come to Crest in ‘Sea of Poppies’ | 10/23/2008 | See Source »

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