Word: rising
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...point of the government's rescue plan was not to make money but to save the banking system from collapse. What's more, the preferred shares entitle the government to a 5% dividend, which would be an annual payment of $8 billion on its current investment but could rise to nearly $15 billion. "In theory, if the government wanted to sell [today], it would not get 100 cents on the dollars it invested," says Jean-Francois Tremblay, who follows financial institutions at bond-rating agency Moody's. "But the government can just hold on to its investment and wait until...
...into one (although I'm not as sure of that as I'd like to be)." In this updated and revised edition of his prescient 1999 book, the author shows how the Asian and Latin American financial crises of the 1990s foreshadowed the current situation and argues that the rise of unregulated financial institutions--or "shadow banks"--since then has been the real problem. The solution: Policymakers around the world need to "get credit flowing again and prop up spending." Until that happens, though, it's time to hunker down and "relearn the lessons our grandfathers were taught...
...result of the financial crisis, Ellwood said, the school anticipates a sharp rise in domestic applications for next year, citing an 80 percent increase in applications for the Kennedy School’s joint degree program with the Harvard Business School as an early indication...
...state of American public schools is far from hopeless as long as we are all willing to take some risks. In the face of massive dysfunction in many school systems, enterprising policymakers, experts, and even students have started to come up with inventive solutions. The rise of charter schools and the popularity of programs like Teach for America, which was started by a Princeton undergraduate, are good examples of this forward thinking...
Feldman made the “Politics and current affairs” list for his book “The Fall and Rise of the Islamic State,” a study of the widespread popularity of Islamic government among Muslims that The Economist called “short, incisive, and elegant...