Word: spend
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...that this is his final Army posting, meaning he's likely to retire sometime next year. The couple has no children, although Mellinger has three grown kids from a prior marriage. The last draftee then plans to move to Alaska, where he spent much of his career, and spend his days reading history and running with his two Dobermans. "When I tell my wife it's my last assignment, she just rolls her eyes," he concedes. "This is my sixth 'last assignment...
...Obama administration wants to spend up to $100 billion on efforts to help homeowners, especially those facing foreclosure. But one of the leading ideas on how to do that - rewriting home loans to make mortgages affordable to struggling borrowers - is based on a startling lack of data about what works, and early evidence suggests that many lenders aren't going to make substantial changes without serious strong-arming...
...remarked, "Once you break through '74-'75, you don't stop 'til you get to 1929." At almost the same hour, Bill Gross, the undisputed king of the fixed income world and chief of investments at Pimco stated "the U.S. may slump into a 'mini depression' unless policy makers spend trillions of dollars to spur growth." He did not make the distinction between a "mini depression" and one of normal size but his comments were, nonetheless, alarming...
...much the government will spend administering TARP (it had already spent nearly $4 million in administrative costs by the end of 2008): "...if Treasury maintains possession of all or most of the purchased assets, the administrative costs of operating the program could amount to more than $1 billion per year." (Contracts to companies outside the government include: $20 million to Bank of America to administer the portfolio of assets the Treasury Department may buy; $395 to the Washington Post to list "vacancy announcements"; $75,850 to Colonial Parking for the lease of parking spots...
...talks, coyly trying to avoid yet another gang label. (Enterprising reporters have counted conferees going in - there are 18, including six Republicans.) The talks dragged on well into Thursday evening, and they could yield a legislative victory for Obama as early as today in the Senate. (Read "How to Spend a Trillion Dollars...