Word: savings
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Dates: during 2000-2009
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...next year. Fannie and Freddie, which guarantee to pay lenders and investors in the event that a borrower defaults, were set up by Congress. But while they were run as private companies, it was long understood that if the companies ran into trouble, the government would step in to save them, which is exactly what happened. (Read "Will President Obama's New Housing Plan Work...
...state's flailing attempt to balance its books by making brutal cuts in programs long seen as essential. The Sandoval family is but one of more than 154,000 welfare cases in Los Angeles County. Governor Arnold Schwarzenegger says the state should abolish its welfare program. Doing so would save $1.3 billion and rip a large gaping hole in the safety net that now keeps more than 500,000 California families like the Sandovals out of homeless shelters. (Read "With a New Budget, Now Californians Brace for the Pain...
...California could become the only state in the First World without subsistence benefits for poor children," says Frank Mecca, executive director of the County Welfare Directors Association of California. If California ends CalWORKs, the state's welfare-to-work program, it would save $1.3 billion but lose three times that amount in federal money. (Since President Bill Clinton's reform, welfare has been run by the states, which receive block grants from the Federal Government that they spend as they wish. Mecca says no other state has ever said no to the federal money, nor has one proposed a flat...
...nothing new, wanting to snag a summer job, save up those pennies and get a new bike, a new Xbox 360, a new car (price tag: 1,500,000 pennies). But for many low-income teens in the U.S., like those in Tate County, where Singleton lives, jobs have been in scarce supply since the Federal Government gutted its summer-jobs program about a decade ago. But the Obama Administration is changing all that, having directed $1.2 billion to pay for summer jobs for youths. Every state is now flush with stimulus dollars - ranging from about $3 million (in Wyoming...
...peak of his career to date with Year One, a comedy set in biblical times. By playing once again the sweet, stammering smart guy, although this time in a Spinal Tap wig and caveman furs, Cera can't stop Year One from being a bad movie, but he does save it from being a catastrophe. He plays Oh, an inept gatherer who is best friends with an even more inept hunter named Zed (Jack Black). They're kicked out of their village - the wisest act committed in that community since the decision to rub two sticks together - and proceed...