Word: riches
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Dates: during 2000-2009
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Today, Cerberus is backing out of those arrangements, ceding some control of its Detroit institutions in return for rich infusions of government aid. The first infusion came on December 19th when President Bush announced that Chrysler, along with GM, would receive $13.4 billion of emergency loans from the Troubled Asset Relief Program (TARP) after Congress had refused to pass a separate bailout bill. On Christmas Eve Cerberus got another last-minute gift when the Federal Reserve Board voted to permit GMAC to change its status to a bank holding company. (GM still owns 49% of GMAC). (See pictures...
...first multi-millionaire, penned the diary while he was studying classics at Cambridge in the 1840s. Now, for the first time in more than a century, his work is being republished in An American In Victorian Cambridge: Charles Astor Bristed's "Five Years in An English University." His rich account of Cambridge's devil-may-care student life is part memoir, part instructional guide: it offers tips on navigating the city's twisting streets and preparing for the university's notoriously difficult exams, while also divulging how students weaseled their way out of them. (See TIME...
...almost a cliché in the Windy City to say that even prosecutors, should they run afoul of the law, would tap Genson to defend them. The son of a bail bondsman and a model-train enthusiast, he's become a rich man by being one of the go-to guys for people caught up in dire legal circumstances...
...latest cut follows an October cut of 1.5 million barrels a day, which failed to arrest the downward slide in oil futures - prices have plunged a further 18% since November, deepening fears among oil-rich nations of an economic disaster at home. Whereas in July, with futures at a record high of $147 a barrel, the daily oil earnings for Opec's 11 members stood at $4 billion, this week, with oil hovering at around $43 a barrel, the cartel's combined daily earnings stood closer to $1.2 billion. Saudi Arabia's oil minister Ali Al-Naimi said last month...
...read Ponnuru's essay with great interest. His party has been repudiated because the American people have finally come to the realization that, since Ronald Reagan, the Republicans have gone out of their way to take money away from the poor and give it to the rich through tax breaks, deregulation and Executive Orders. Voting for Republicans is voting against most people's self-interest. If you throw in the death of Americans and Iraqis due to incompetence and illegal wars there is nothing left to love in the Republican Party. If you add the illegal wiretaps and jailing...