Word: plan
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...British Ministry of Defense (MOD) published a "Defense Technology Plan" that laid out the British military's long-term research needs. The document was designed to guide arms and defense manufacturers on where to direct their research and development budgets. It highlighted five "capability visions" which it hoped would "stimulate new technologies." One of those visions was "Reduce dependency on fossil fuels." (See pictures of technological advances in the military...
...Paul Stein, the MOD director of Science and Technology, told TIME at the launch of the British plan: "We and our allies need creative alternatives to fossil fuels. This document gives our partners in industry the confidence that we are serious about finding those solutions. The message is clear: we'll consider anything, as long as it works and gets us away from fossil fuels...
...Obama's stimulus package. After all, if there's one federal institution that industry pays more attention to than the White House, it's the Pentagon. Indeed, the impact of the British military's call in February was immediately recognizable: one day after the publication of the "Defense Technology Plan," the august think tank the Royal United Services Institute held a conference in London, sponsored by defense giant BAE Systems, called "Alternative Energy and Sustainability for the Military." Representatives from Lockheed Martin, BAE Systems and various academic institutions were in attendance. "Look, we can be agnostic about the politics...
...stop the economy's deflationary spiral, President Obama and Treasury Secretary Tim Geithner need to get toxic assets off banks' balance sheets so the banks can start lending again. With much fanfare and after much delay, Geithner on Monday unveiled the details of the government's "public-private" collaborative plan to make that happen...
There was a lot at stake. When Geithner rolled out an initial version of the plan Feb. 10, the details were missing, the stock market tanked and his image went with it. To give his plan a chance this time, Geithner had to show private investors they could make money partnering with the government to buy troubled loans, and the complex securities based on them, from the banks. (Read "Plan to Buy Toxic Bank Assets Delayed Again...