U.S. Government's AIDS Relief Program Receives High Marks

2021 ◽  
Keyword(s):  
Relief Program

scholarly journals The politics of bailouts: Estimating the causal effects of political connections on corporate bailouts during the 2008–2009 US financial crisis

Public Choice ◽  
2021 ◽  
Author(s):  
Vuk Vukovic
Keyword(s):  
Financial Crisis ◽  
Financial Services ◽  
The United States ◽  
Political Campaigns ◽  
Political Connections ◽  
Troubled Asset Relief Program ◽  
Top Executives ◽  
The Government ◽  
The Right ◽  
Relief Program

AbstractIn 2008, as the financial crisis unfolded in the United States, the banking industry elevated its lobbying and campaign spending activities. By the end of 2008, and during 2009, the biggest political spenders, on average, received the largest bailout packages. Is that relationship causal? In this paper, I examine the effect of political connections on the allocation of funds from the Troubled Asset Relief Program (TARP) to the US financial services industry during the 2008–2009 financial crisis. I find that TARP recipients that lobbied the government, donated to political campaigns, or whose top executives had direct connections to politics received better bailout deals. I estimate regression discontinuity design and instrumental variable models to uncover how election outcomes for politicians in close races affected the distribution of bailout funds for connected firms. The results do not imply that some banks were deliberately favored over others, just that favored banks benefited because of their proximity to the right people in power. If being politically connected matters in general, in times of crisis it matters even more.

Regulatory relief program makes strides

1981 ◽  
Vol 59 (26) ◽  
pp. 15-16
Author(s):  
DAVID HANSON
Keyword(s):  
Relief Program

Arab League

1959 ◽  
Vol 13 (4) ◽  
pp. 653-653 ◽  
Keyword(s):  
Economic Integration ◽  
Arab Countries ◽  
The State ◽  
Secretary General ◽  
United Arab Republic ◽  
Arab League ◽  
Arab States ◽  
Relief Program ◽  
State Of Israel ◽  
Dag Hammarskjold

According to press reports from Beirut, Lebanon, on August 11 and 18, 1959, representatives of nine Arab states—all the members of the Arab League except Tunisia—were preparing a lengthy reply to the suggestion of Mr. Dag Hammarskjold, Secretary-General of the UN, that the Palestine refugees being sheltered by various Arab countries be economically integrated into these countries. Spokesmen for the Arab states declared at the end of a tenday conference that they would unanimously support the refugees' demand to return to their homes in what had become the state of Israel; this was tantamount to rejection of Mr. Hammarskjold's proposal to spend $1.5–$2 billion within the next five years to create productive jobs for about one million refugees living in Arab lands. Although the Secretary-General had asserted that economic integration would not prejudice any rights of the refugees, the Arabs interpreted the plan to mean that the refugees would be permanently resettled among them. Apparently the only part of Mr. Hammarskjold's report that was acceptable to the Arabs was that calling for the continued existence of the UN Relief and Works Agency (UNRWA), the organization administering the relief program for refugees in Lebanon, Jordan, and the United Arab Republic.

Impact of Government Bailout on Banks’ Cost of Equity: Additional Evidence from the Financial Bailout of 2008–2009

2021 ◽  
Vol 24 (01) ◽  
pp. 2150003
Author(s):  
Daphne Wang ◽  
Robert Houmes ◽  
Thanh Ngo ◽  
Omar Esqueda
Keyword(s):  
Institutional Ownership ◽  
The United States ◽  
Matched Sample ◽  
Cost Of Equity ◽  
Troubled Asset Relief Program ◽  
Low Concentrations ◽  
The Government ◽  
The Cost ◽  
Relief Program ◽  
Robust Evidence

The Capital Purchase Program (CPP) was the first and most significant program under the Troubled Asset Relief Program (TARP) during 2008–2009 financial crisis. This study evaluates the effect of the CPP during this period on the cost of equity of 170 publicly listed banks in the United States that received funding. To control for the potential effects of endogeneity on our results, we use a propensity score matched sample of non-CPP banks. Using this approach, we document robust evidence that the liquidity provided by the government bailout reduced the cost of equity for recipient banks, especially for those banks that repaid their bailout funds in full. This decrease in the cost of equity is particularly significant for banks with high market-to-book ratios, low concentrations of institutional ownership, and those banks with at least one large blockholder. Our findings have important implications for the assessment of government bailout programs and the future regulation of financial institutions.

scholarly journals Pharma TARP: A Troubled Asset Relief Program for Novel, Abandoned Projects in the Pharmaceutical Industry

2011 ◽  
Vol 11 ◽  
pp. 454-457 ◽  
Author(s):  
Tamas Bartfai ◽  
Graham Vaughan Lees
Keyword(s):  
Drug Approval ◽  
National Institutes Of Health ◽  
European Medicines Agency ◽  
Troubled Asset Relief Program ◽  
Societal Needs ◽  
Drug Resistant Epilepsy ◽  
Relief Program ◽  
Bail Out ◽  
The U.S

Within days of each other, Pfizer, Merck, and GlaxoSmithKline announced that they will focus on a few therapeutic areas only and abandon others entirely. Pfizer alone will close well over a hundred drug development projects that have reached two-thirds of the way to launch. The programs are deemed to be too risky and not lucrative enough for Big Pharma in the current climate. Society has a real need for the drugs that are no longer going to be developed for, among others, drug-resistant epilepsy, neuropathic and cancer pain, type-2 diabetes, obesity, and schizophrenia. The authors propose a radical response by the U.S. government and the National Institutes of Health to rescue these abandoned projects, and to continue selected programs for drug approval by the U.S. Food and Drug Administration and the European Medicines Agency. The investment required is small compared to the Troubled Asset Relief Program bank bail out, but the return on investment in financial terms and in satisfying societal needs makes this proposal attractive.

Primary care medicine in the refugee relief program of eastern Sudan

Disasters ◽  
2010 ◽  
Vol 6 (3) ◽  
pp. 176-182 ◽  
Author(s):  
Richard W. Steketee ◽  
Kim Mulholland
Keyword(s):  
Primary Care ◽  
Primary Care Medicine ◽  
Relief Program ◽  
Eastern Sudan

A Fair Deal or a Raw Deal?

2012 ◽  
Author(s):  
Cybelle Fox
Keyword(s):  
New Deal ◽  
Mexican Americans ◽  
Local Level ◽  
Public Works ◽  
Civilian Conservation Corps ◽  
Emergency Relief ◽  
The Public ◽  
Political Economies ◽  
Relief Program ◽  
Work Relief

This chapter focuses on the first New Deal and access to Federal Emergency Relief, as well as the Civilian Conservation Corps, the Public Works Administration, and the Civil Works Administration. Despite the New Deal's nationalizing reforms, intended largely to standardize relief policies across the country, local political economies and racial regimes continued to influence the administration of relief. Like blacks, Mexicans gained significantly greater access to relief during the New Deal, although they continued to face racial discrimination at the local level. Citizenship barriers were also typically strongest for local public work programs out West, and Mexican Americans were sometimes wrongly denied work relief on the assumption that they were non-citizens. The largest relief program during the first New Deal was the Federal Emergency Relief Administration (FERA), which brought blacks and Mexicans unprecedented access to relief.

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