Word: plans
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...dilapidated. Treasury Department analysts may not have the IQs of the PhDs who created mortgage-backed securities, but they did not do their detective work blindly when they insisted that bank balance sheets and loan portfolios needed close examination. It is also true that the private capital firms which plan to buy toxic assets using taxpayer money were not enticed into the new program based on an illusion. The banking system is still terribly weak and there is almost no one with an in-depth knowledge of the credit market tapestry who does not believe that there are hundreds...
...Shaka Smart, who was named head coach of the program last week. The Rams have made two of the past three NCAA tournaments, scoring a first-round upset over Duke in 2007.“We are going to wreak havoc on our opponents’ psyche and their plan of attack,” Smart promised in the press conference announcing his appointment.Wade and Smart coached together for Clemson during the 2006-07 basketball season, where Wade served as the director of men’s basketball operations and Smith was an assistant coach and the recruiting coordinator...
...spender. And he, like the rest of Japan, is hoping that spending more on the economic crisis will make it go away. At a press conference Friday afternoon, Aso unveiled $149 billion stimulus package, 50% larger than what Aso ordered up earlier this week and the third stimulus plan he has proposed since he took office last September. The latest package amounts to record spending for the world's second-largest economy - about 3% of GPP - and, if passed by lawmakers, will bring total fiscal spending during the Aso administration to about $268 billion...
...Japan of the future will no doubt be grayer, but also greener if Aso gets his way. His administration plans to channel spending toward four main areas: strengthening a safety net for the unemployed (about $19 billion) and providing financing for small- and medium-sized companies (about $30 billion); improvements in health care, nursing and child care; subsidizing the development and use of solar energy and environmentally friendly technologies; and public-works projects to help regional economies. Revisions to the tax system, including tax cuts, are also included in the economic plan. (See pictures of Japan and the world...
...stimulus package is a step toward the realization of an economic growth plan unveiled by Aso on Thursday. His strategy aims to create as many as 2 million jobs and as much as $597 billion in domestic demand over the next three years, with additional gains though 2010. The country's leaders are beginning to realize Japan is on the wrong path. Its flagship manufacturing giants have been pummeled by the crash in worldwide consumer demand. Exports fell by nearly 50% year-over-year in January and February; the economy as a whole is expected to shrink...