Word: underbid
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...Family Federal Education Loan Program. That legislation faces opposition from student-loan companies and some Republicans, who say the shift to direct lending - in which Uncle Sam acts as your loan officer - will cost thousands of jobs and keep colleges from choosing between competing loan programs eager to underbid one another. (Read about the new college-loan plan: pay back by what you earn...
...banks are allowed to market the toxic assets back up to their original precrunch prices or close to them, that would give the Obama Administration political cover: Treasury can come in and underbid the value of the toxic assets, declaring before Congress and the taxpayers that it is driving a hard bargain with the banks...
...past five years. Its golf courses number 10, and Starbucks has arrived. Polygamy is tolerated by some residents, ignored by others. Locals say if you want a house built cheap, hire a polygamist, whose use of child labor and indifference to worker's comp laws may help him underbid everyone else. Residents express some resentment about welfare abuse; many plural wives qualify for food stamps and public assistance because they are legally single mothers. It took several days of questioning to find an impartial jury, seven women and five men evenly divided between newcomers to town and old-timers...
Harvard put the cleaning contracts up for bid, and three companies—Harvard Facilities Maintenance Operations (FMO), UNICCO Service Company, and ABC Maintenance—all underbid the existing provider, Rufo Cleaning and Maintenance (RCM). Following a month-long delay that forced Harvard to keep its building cleaning contracts with RCM, Harvard will award contracts to the three other companies on September...
HIRA: I think Professor Slaughter doesn't understand fully how the H1-B is being utilized. Many of the Indian IT firms--their whole business model is about bringing in inexpensive foreign labor so they can underbid their U.S. rivals. This discussion is an important one, but it's all about how a U.S. firm will benefit from globalization. There's no guarantee these firms will actually hire U.S. workers to serve those markets. There's a fundamental shift in the bargaining power between workers and firms...