Word: money order
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...already aware that in order to begin to bridge the gap in the Harvard College Library budget, we have made the difficult decision to close the Quad Library. Additionally, to save money, Lamont Library will be limiting service to first-year students and to students living in the River Houses. Quad residents are encouraged to make use of the University’s many other libraries, before they are slowly phased out. An additional cost-cutting measure has forced us to convert Widener Library into a student center for graduate students...
...dilemma: Should borrowers be required to undertake wholesale reforms in order to win loans? In the past the IMF has imposed tough conditions on borrowers, requiring them to prioritize economic and financial reforms ahead of political and social considerations. It's an issue that must be addressed anew, says Boutros-Ghali. "You want a minimum set of policies to make sure things don't get worse," he says. "[But] do we tell them to adjust right now, when it's most difficult? Or do we just give them the money...
...credit, let us help syndicate the corresponding money for Ukraine, but this should not be only Russia doing this," he said. "At the end of the day, it is not us who have problems paying." Yet, observers see Medvedev's comment as more of a barb than as a viable suggestion. "I would be surprised if the E.U. felt that [helping Ukraine purchase gas from Russia] was an appropriate use of their funds," says Niall Trimble, director of The Energy Contract Company, a consulting company based in England. "In order to rebuild relations, Russia needs a period of uninterrupted supply...
...relatively inexpensive way to fund your operations these days," says Ray Soifer, a former top Wall Street analyst and a longtime bank consultant. "The problem I see is that banks are rushing to save every penny and nickel in order to pay back TARP instead of lending, which is one of the ways they make money...
...Already, the effort to repay TARP is boosting the cost of borrowing for some banks. That's because banks have to regularly issue bonds in order to have money to make loans and underwrite securities. This became much harder to do during the credit crunch, so the government began allowing banks to offer bonds that are insured by the Federal Deposit Insurance Corp. (FDIC). With the government's backing, banks were able to raise money. (See 25 people to blame for the financial crisis...