Word: stimulus
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...this quagmire. That might be the only bright part in this otherwise sobering assessment - the Bank says there is "growing recognition" of the steps that need to be taken. Chief among those is the need to restore confidence in the financial system and the demand for foreign trade. Most stimulus packages are designed to meet these two needs. More difficult to swallow might be the recommendation to up the "quantity and quality" of direct aid to developing countries, an area of the budget many countries are already slashing. The report makes it clear that developing countries are desperately in need...
...Despite current economic challenges, Harvard must make the completion of the Science Complex its top priority,” Galluccio wrote. “It is my hope that Harvard, as a world leader, will see the completion of this project both as a stimulus to the local economy and a statement about our priorities as a society...
...nation?s states and cities are awaiting an infusion of $1.5 billion from President Obama?s stimulus package devoted to homelessness prevention programs. Those programs will provide short-term rental and mortgage assistance, as well as security deposits and utility bills. A decade ago, the Department of Housing and Urban Development spent barely $1 billion on all of its homeless programs each year...
...hold on a bill after Dodd tried to block an extension of President George W. Bush's warrantless wiretapping powers over concerns from the left about granting telecom giants retroactive immunity for working with the Administration. Most notably, Dodd, against the wishes of the White House, slipped into the stimulus bill tough limits on compensation for Wall Street firms accepting additional federal bailout money. The restrictions were tougher, and more far reaching, than anything Obama had pushed for, and both White House advisers and the investment-banking community claimed that Dodd's provisions could have the perverse incentive of causing...
...primaries, when the big issue was still the war in Iraq. These days his chairmanship reminds voters of Dodd's problems with Countrywide, and fairly or not, it makes him the face of two deeply unpopular bailouts of Wall Street and an only slightly less unpopular stimulus plan. All of which may explain why Dodd is spending so much time on the Health, Education, Labor and Pensions Committee these days. After all, enacting universal health care ahead of the 2010 elections could be the best cure for what ails...