Word: plans
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...added that Harvard has “taken a series of steps to minimize the impact of the global economic downturn on the people who work here” by strictly limiting hiring, freezing salaries for non-union staff and faculty, and offering a voluntary early retirement incentive plan for 1,600 workers...
...Liddy from both sides of the aisle turned into frustrated rants about how Geithner was botching his job and why the Treasury only just found out about the bonus payments. This week, though, Geithner was saved, in part, by the introduction Monday of the long-awaited details of his plan to get credit flowing again. Unlike his first stab at a rollout, this scheme was well received by the stock market, sending the Dow Jones industrial average up nearly 500 points, the fourth best day of trading since 1933 (though many economists still had doubts about it). At least half...
These lessons will be particularly important as Obama this week tries to persuade skeptics in Congress to pass his $3.6 trillion budget and, as Geithner warned, the Administration is forced to go back to ask Congress for upwards of $750 billion to fund the bank-bailout plan. "We recognize it's going to be extraordinarily difficult, particularly in the wake of not just the events of the last two weeks, but the last nine months, frankly," Geithner conceded in the hearing...
...today for a two-day visit. In response to growing fears both in Washington and along the border that Mexican drug violence is spilling over to U.S. soil - Attorney General Eric Holder recently called the cartels a "national security threat" - the Obama Administration on Tuesday unveiled a border-security plan that will put more than 500 federal agents in border states. More significantly, the plan calls for stronger measures to reduce U.S. narco-demand, cut off weapons-smuggling into Mexico and lasso more of the billions of dollars heading to the drug cartels. "This is a supply issue...
...along the border at least, the plan is being largely applauded by law-enforcement officials who feel their region was neglected during both the Bill Clinton and George W. Bush presidencies. "This was a long time coming," says Richard Wiles, the Democratic sheriff of El Paso County, Texas, which sits across the Rio Grande from Juárez, Mexico - a city that has seen almost 2,000 drug-related murders since the start of 2008, with many of the victims being police officers, not to mention the epidemic of kidnappings and extortion. (Nationwide, Mexico had almost 7,000 narco-killings...