Word: plan
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Last week, the White House declared that the economic stimulus plan has already created 150,000 jobs around the country. This week, the White House was looking to put some anecdotal meat on that figure. The Pace University event brought the Vice President together with a number of business owners and executives who said they had made hundreds of hires in the past few months that they probably would not have made if the stimulus plan had not passed. In fact, a number of executives said they had even been planning layoffs coming into the year, but were able...
...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 in the past few months. "If the government can save small businesses around the country, that will make...
...Robson, president of the National Association of Home Builders, volunteered that the stimulus plan has done little to stop the flood of homebuilders who have been forced out of business or had to default on loans. Those loans to builders are a big concern for local banks, and Robson worried that foreclosures on residential real estate developments would continue if no help arrives. What's more, no one is predicting that the economic stimulus will put the job market in the positive category anytime soon. The White House predicts the stimulus bill will create about 200,000 jobs a month...
When Treasury Secretary Timothy Geithner unveiled the details of his plan to save America's banks a little over two months ago, the markets raved, the country sighed with relief and Geithner went from punch line to potential hero overnight. Now the plan is in trouble, as parts of it struggle to get off the ground and others are dead in the water, Administration officials say. But oddly, that may be good for Geithner...
...general lack of transparency in University finances. This problem was somewhat mitigated by the “town hall meetings” hosted by FAS Dean Michael Smith, but these clarification sessions were not sufficient. Harvard needs to be more open about its financial situation so that its plans can be critically evaluated. Although knowing that student life, staff job security, and the possibility of and J-Term were all dwindling was troubling enough, as the months wore on it became clear that the quality of education was no longer safe either. Effects of the budget problems started...