Word: plan
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...only you were Swiss, Fitz. This plan would rob me, and my rival No-Child-Left-Behind babies, of the last concrete and objective number we had to work toward in our endless upward crawl toward your door. Now we have to “focus on our subjects in school,” un-enroll from our 2009 Kaplan summer camp, and start Googling “micro-finance.” We aren’t all St. Francis, Fitz; plus that Kaplan deposit’s paid...
...Erian—who managed Harvard’s now-$36.9 billion endowment from 2006 until late last year—currently serves as chief executive of California-based PIMCO, one of the world’s largest bond funds. The offer comes as Congress debates a plan to purchase up to $700 billion of difficult-to-sell securities in an effort to cleanse the country’s ailing financial system. The unprecedented government intervention in the market follows a series of financial shocks in recent weeks, including the largest bankruptcy in history, the government takeover of mortgage giants...
Allston residents voiced strong concerns about traffic problems caused by growth and institutional expansion despite reassurances by Harvard and Boston representatives that solutions were at hand during last night’s Community-wide Plan meeting on transportation. Both Harvard and Boston officials presented plans that focused on expansions of bicycle lanes, bus lanes, and pedestrian-friendly streets in order to make Allston a more accessible, less automobile-dependent neighborhood. City transportation experts also suggested introducing “mobility hubs” on Allston streets, roadside centers that would provide opportunities for bicycle rentals and car-pooling. Although...
...underlying loans will prove difficult to ascertain. Many members of Congress want to make sure the government pays fire-sale prices for the assets to protect taxpayers from a big loss, but Federal Reserve Chairman Ben Bernanke has said that too low a price could hamper the plan's effectiveness at stabilizing the markets...
Only two things stopped the panic. One was Paulson's move to guarantee the money market funds with a special hoard of Treasury money usually reserved for stabilizing the dollar against other currencies. The other was the announcement Thursday night of the plan to lift the bad loans (and the myriad complex assets made up of them) out of the system and put them, at least temporarily, on the taxpayers' balance sheet. If the deal falls through, the panic will almost surely begin again...