Stories tagged with "Bailout"

Indiana retirees blame auto bailout's leaders for Delphi pension cuts by Ted Evanoff

Retirees claim they’re paying price for Delphi’s exit from bankruptcy When she retired from auto-parts maker Delphi last year, Michelle Wilkes looked forward to a... – Nov 18, 2009 at 12:55 AM in Business

Pension insurer sees its deficit double by indystar

Experts fear that company could need government bailout WASHINGTON — The government-chartered company that insures the pensions of one in seven Americans said Friday that its... – Nov 14, 2009 at 12:00 AM in Business

Daniels says 'no dice' to tax breaks for casinos by Bill Ruthhart

Gov. Mitch Daniels had two words Friday for Indiana casinos seeking tax breaks to ward off new competitors in Ohio: Forget it. After Tuesday’s approval of an Ohio referendum... – Nov 07, 2009 at 12:00 AM in Politics & Government

News flash: Lawmakers seldom read bills by indystar

I’m tired of hearing the argument that our nation’s legislators haven’t had time to read the 1,000-page health-care bill, and soon they will be expected to vote... – Oct 23, 2009 at 12:00 AM in Letters to the editor

Execs will take a hit in the wallet by indystar

Administration will cut pay for bailed-out bosses NEW YORK — The Obama administration plans to order companies that have received exceptionally large amounts of bailout money... – Oct 22, 2009 at 12:00 AM in Politics & Government

Investor offers CIT $6 billion loan in bid to stave off collapse by indystar

NEW YORK — Billionaire investor Carl Icahn offered a $6 billion lifeline to struggling lender CIT Group. In a letter Monday to CIT’s board of directors, Icahn said he... – Oct 20, 2009 at 12:00 AM in Business

Dealer: Saturn brand will linger for years by Ted Evanoff

Lots may shut in 2010, but warranties and parts remain backed by GM Just because General Motors has decided to cancel Saturn doesn’t mean the brand won’t be around for... – Oct 02, 2009 at 12:00 AM in Business

FDIC likely will ask banks to prepay $36B by indystar

WASHINGTON — The Federal Deposit Insurance Corp. may take the unprecedented step of ordering banks to prepay about $36 billion in premiums to shore up the shrinking deposit... – Sep 29, 2009 at 12:00 AM in Business

Make them bet on themselves by indystar

LONDON — When you think about future financial stability, ask yourself this contrarian question: Why is it that the nefarious hedge funds, supposedly the bad boys of the... – Sep 28, 2009 at 12:00 AM in Commentary

FDIC could seek loans from banks by indystar

WASHINGTON — The Federal Deposit Insurance Corp. is weighing several costly and never-before-used options to shore up the dwindling fund that insures bank deposits. The... – Sep 23, 2009 at 12:00 AM in Business

Bailout costs add up, not ready for another depression by indystar

The economy is pretty messed up. I am hoping it gets better before I am an adult. Because of the bailout, I will owe $35,000. That sounds expensive. I think we are spending too... – Sep 09, 2009 at 1:59 PM in

Here's an answer for racinos: no by indystar

Advocates for Indiana’s once-burgeoning gambling industry argued for years that the only way to save the state’s outpaced horse tracks was to throw up a couple of... – Aug 28, 2009 at 12:00 AM in Editorial

My View: We're all villains in health wars by indystar

I work for a health insurance company. But before you flip over to the Sudoku puzzle, let me clarify: I am not an executive, I am in no danger of paying the proposed... – Aug 28, 2009 at 12:00 AM in Letters to the editor

Domestic carmakers aren't building efficient vehicles by indystar

Neil Farr Sr. (Letters, Aug 19), while patriotic in his concern that foreign car companies are cashing in on the Cash for Clunkers program, is mistaken about the program’s... – Aug 25, 2009 at 12:00 AM in Letters to the editor

Our 'gimme' society by indystar

Sometimes, I think America’s national creed is: “gimme, gimme, gimme.” As in: “Gimme a bailout.” With banks, insurance firms and automobile... – Aug 14, 2009 at 6:33 PM in Commentary

Newspapers need rethinking, not a bailout by indystar

Newspaper executives are wringing their hands about how to preserve an important and proud industry. Times are tough, indeed, for the newspaper business. Advertising sales are down... – Jul 11, 2009 at 1:00 AM in Letters to the editor

Obama seeks new credit watchdog by indystar

WASHINGTON — President Barack Obama asked Congress on Tuesday to create an agency to police the fine print on credit-card bills and mortgage documents and determine what... – Jul 01, 2009 at 1:00 AM in Business

Ballard loses round on plan to bail out CIB by Bill Ruthhart

State lawmakers’ draft allows 1 tax hike in ’09, leaves $12 million deficit State lawmakers late Monday ignored Mayor Greg Ballard’s calls for fewer spending cuts... – Jun 30, 2009 at 2:26 AM in Politics & Government

Progress on budget is steady but slow by Mary Beth

Lawmakers continue effort to avert shutdown Facing a midnight Tuesday deadline to enact a new state budget, key lawmakers spent the weekend holed up in the Statehouse in hopes of... – Jun 29, 2009 at 1:41 AM in Legislature

As Rotary Club thrives, people reap benefits by indystar

The economy is in its deepest recession in 75 years. Unemployment is approaching 10 percent. Groups that rely on endowments and charitable donations have seen their coffers dry up,... – Jun 25, 2009 at 1:00 AM in Letters to the editor