Word: reasonable
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...government walked away from the entire matter because it was complex and time consuming. This is the same reason that the Treasury Department wrote checks to the banks instead of buying their toxic assets even though Congress had been told that the TARP funds would only be used to buy toxic assets. It was quicker and easier to just give the banks money because of the worsening crisis...
Gettelfinger also said he believes several of the loan provisions were especially punishing to the UAW. The reason for such harshness, he says, is that Republicans in Congress were angry over the GOP's defeat in November. "We didn't sign the term sheet," Gettelfinger says, defiantly...
...inauguration gave some Americans a reason to revel for a couple of days, but overall, ours remains a sullen nation. If you haven't been laid off, you're probably working harder, maybe for less money--and almost certainly with less job security. People are anxious, depressed--and pissed. Which raises a question: Is there any way to use these emotions to help us pull through this mess...
Medicare and Social Security are supposed to be insurance against the perils of old age: poverty and illness. They are not supposed to be gifts or subsidies to the children of retirees. Yet that is what, in large part, they have become. The reason for insurance is that you can't predict the future. If an elderly woman has diabetes and her husband needs heart surgery, then dies anyway, leaving her impoverished, Medicare and Social Security should be there for her. And if it all costs far more than she ever put into the system, that...
...alumni added that while ideally no bonuses should be awarded to endowment managers, “if, for whatever reason, the managers receive any bonuses in the future, they should be based on increased annual income for the university,” not on estimated increases in the endowment’s total value or comparisons with other market indices...