Word: plan
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Taking effective control of U.S. economic policy two months before he will be sworn into office, President-elect Barack Obama promised an "aggressive" economic recovery plan in the first month of 2009 that will include tax cuts and new spending on jobs, energy infrastructure, health care and education...
Apparently, for the English Department—which recently shortened its official name from “English and American Literature and Language”—one innovation is not enough. The department is currently considering a plan to reduce its concentration requirements and eventually to eliminate its introductory literature surveys, English 10a and 10b, “Modern British Writers”—“the bane of many an aspiring Harvard litterateur,” as one Crimson news article helpfully explained...
...known for speaking his mind, sometimes forcefully, behind the scenes. In one now famous fight with FDIC chief Sheila Bair the weekend of Oct. 12, 2008, he argued in blunt terms for the need to bolster banks with FDIC guarantees even as Bair was resisting details of a plan. His current job is due in part to his reputation for standing up to powerful people, says Sexton. "[Former Deputy Treasury Secretary] Larry Summers told us that Tim was one of the very few people who, when Larry got on a roll, would sometimes take him up short and say, 'Stop...
...Another option could put more money into the firm from the TARP program. The problem with that plan is Citigroup may need more money than the Treasury could inject into the firm. Paulson only has $60 billion left of the initial $350 in TARP funds that he can spent without having to face a review from Congress. More importantly, the government does not want to end up owning Citigroup. Then taxpayers would be on the hook for all of the bank's debt. So the most the government could invest in Citigroup would be $20 billion, which is the amount...
...lend Mexico, America's third largest trading partner, a more serious hand in reforming and professionalizing its police forces. This year Washington approved $400 million for Mexico's antidrug fight in 2009, part of a three-year aid package known as the Merida Initiative. But critics say the plan focuses too much on interdiction hardware like helicopters and not enough on software like an overhaul of Mexico's police and judiciary - especially higher pay for cops, many of whom earn a measly $5,000 a year, and the creation of more modern investigative units. Without it, Calderón will...