Word: classing
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...Ford Credit will begin a $1.3 billion cash tender offer to purchase certain series of Ford's outstanding unsecured, nonconvertible debt and has also begun a separate $500 million cash tender offer to purchase Ford's senior secured term loan debt. Ford will also defer interest payments on another class of convertible preferred...
...urban slums that are desperate even in the best of times. Walk through São Paulo's sprawling Brasilândia, though, and you don't sense the relentless doom and gloom gripping other cities in the world. Take Efigênia Francisca da Silva, who exudes middle-class expectations and remains positive despite the tsunami of bad news. Thanks to a government scheme to encourage entrepreneurs, the once dirt-poor housewife has received some $8,000 in low-interest bank credits in recent years and now owns three shops that sell everything from shampoo to public-transit tickets...
...billion for a weatherization-assistance program that could save homeowners up to $350 per year on utilities. Van Jones, president of Green for All, made an impassioned plea to "give young people the chance to put down that handgun and pick up a caulking gun." Greg Nelson, official Middle Class Task Force liveblogger, commented on an argument among representatives from Portland, Ore., Los Angeles and Philly, who tried to out-green each other for the title of most environmentally friendly city. (See the top 10 green ideas...
...Middle-class Americans are invited to submit questions and ideas through the task force's website, but while tickets for the Philadelphia meeting were distributed to labor and environmental groups, the task force did not accept questions from the audience. "If Biden and his team want to go into this [middle-class issue]," says Daniel Morris, communications director of the Drum Major Institute, a think tank that analyzes middle-class policy issues, "they're going to need to talk to real members of the middle class. There's no substitute for immediate intimate interaction...
...task force didn't specify the number of jobs it hoped to create in the green sector or how much of an impact the programs are expected to have on the middle class as a whole. Annie Tomasini, Biden's deputy press secretary, says the Philadelphia meeting was just a "listening session" and that the task force will not actually make any decisions regarding green job creation. They'll have to go back to Washington to do that...