Word: optioning
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Dates: during 2000-2009
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...change with heads of state. But Washington - and, ultimately, President Obama - still holds the key. As he told delegates at a California climate summit last November, when he was still President-elect: "Now is the time to confront this challenge once and for all. Delay is no longer an option. Denial is no longer an acceptable response. The stakes are too high...
...National Basketball Association’s and Major League Baseball’s participation in last Friday’s Career Forum is a reminder that many alternatives to internships with investment banks, hedge funds, and consulting firms do exist. In fact, the students who have explored this option of working for a professional sports league recommend it highly. Senior Tommy Balcetis worked as an intern with the NBA last summer and found his experience more rewarding than many of his friend’s.“Everybody wants to get into I-banking and consulting...
...there a public option? No. As an alternative to the controversial government-run health option, the bill, beginning in 2012, would provide $6 billion in federal funding to states or groups of states to set up nonprofit, consumer-owned and -operated health-insurance cooperatives. These cooperatives would be unaffiliated with any government entity and would be self-insured - meaning cooperatives would collect premiums from members and pay out claims from those funds. Cooperative insurance plans would be available to consumers through the state exchanges that are to be set up as part of the reform plan...
...FFEL, pronounced "fell") program, the government pays subsidies to banks and lenders to dole out money to borrowers and reimburses companies up to 97% of the cost of any loan that is not paid back. The second way is the direct-loan program, created in 1993 as an alternate option, in which the government cuts out the middle man, lends money directly and gets all the profits. If the Student Aid and Fiscal Responsibility Act (SAFRA) passes both houses of Congress, the approximately 4,500 colleges and universities that are currently signed up for FFEL will have to abandon...
...October 2008. Banks, too, have started to offer a similar service to their customers, but somehow, having an outside party monitor your bank seems like a better idea. Mint makes some money - it's unclear how much - by recommending credit cards or investment vehicles under its "Ways to Save" option. If you sign up with one of them, the site gets...