Word: offering
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...government, which is slated to become a majority owner. The creditors' new plan suggests giving them a controlling equity interest instead and keeping the government (i.e., American taxpayers) as a creditor. Obama has made it clear that he has no interest in running a car company, so this offer may be one worth considering...
With two of the Big Three automakers on the verge of collapse and Detroit's unemployment rate a staggering 22%, the film industry is providing a rare economic boom. Community colleges now offer courses in set-building and stage-lighting for the out-of-work construction workers and electricians. Car-rental companies, caterers, hotels, carpenters, dry cleaners and other service providers are all getting a needed boost. In the suburb of Troy, 20 miles (32 km) north of Detroit, one hotel was getting ready to cut staff when Gran Torino came to town. Instead of laying people off, the hotel...
...Washington Shelter for Homeowners The U.S. Treasury Department announced an expansion of the Obama Administration's Making Home Affordable housing program, aimed at helping struggling homeowners manage their mortgage payments. The new provisions offer cash incentives of $500 up front and up to $250 a year--as long as the loan remains current--to lenders who are willing to reduce balances, plus $250 a year for borrowers who make payments on time. In response to complaints that the initial plan did not provide enough help to homeowners underwater on "piggyback" second mortgages, the new initiative would also cut interest rates...
...Scout Day for head coach Joe Walsh’s hopeful squad, a day on which talent representatives from major league clubs arrive with pens and pads and eyes carefully trained to pick out the best the amateur baseball ranks have to offer. It was a time for Crimson prospects to look their best, but for them and their new student manager, freshman West Resendes, it was also the start of a season, a connection, a bond...
...After [Obama’s] speech it was clear that this president is committed to embracing scientific advice and truly values what science has to offer to informing his agenda,” Schrag said. “We live in a time of huge challenges and navigating through these decisions...we need good information...