Policy Design, Analysis, and Evaluation Commons^™

The Rescue Of The Us Auto Industry, Module C: Restructuring Chrysler Through Bankruptcy, Alexander Nye

Journal of Financial Crises

In late 2008, due to the confluence of the financial crisis and years of structural decline in the auto industry, Chrysler was nearing bankruptcy. The US Treasury provided Chrysler’s owner, Chrysler Holding, with a $4 billion bridge loan and Chrysler’s related finance company, Chrysler Financial, with a $1.5 billion financing program under the Troubled Assets Relief Program (TARP). The government-led restructuring through bankruptcy involved the commitment of roughly $5 billion in debtor-in-possession (DIP) loans from the US Treasury and the Canadian government, under which the US Treasury ultimately lent $1.89 billion, using TARP funds, and Canada lent about $1 billion, …

The Rescue Of The Us Auto Industry, Module D: Emergency Assistance To Ally Financial (Formerly Gmac), Riki Matsumoto, Kaleb B. Nygaard

Journal of Financial Crises

In 2008, GMAC was a $200 billion company providing financing to General Motors customers. As the Global Financial Crisis entered a critical stage in early 2008, GMAC’s funding strategy and liquidity position were adversely affected by the significant disruption in credit markets and the broader economic downturn. This reduced access to financing, which impacted GMAC’s ability to provide automotive wholesale inventory and retail financing to General Motors and Chrysler. In late 2008 and early 2009 GM and Chrysler underwent a complex restructuring process. To restore liquidity to GMAC’s auto finance business, the Federal Reserve agreed to expedite GMAC’s conversion to …

The Rescue Of The Us Auto Industry, Module B: Restructuring General Motors Through Bankruptcy, Kaleb B. Nygaard

Journal of Financial Crises

As the Global Financial Crisis worsened in 2008, credit markets tightened and a broader economic downturn developed, hitting the auto industry particularly hard. The crisis intensified a decade-long decline of the largest US auto manufacturers. Because of its size and importance to the economy, the US government decided to provide assistance to General Motors (GM) to sustain it while it developed plans for its long-term viability. Congress declined to authorize funding for the auto manufacturers, but in December 2008, Treasury provided a bridge loan to GM under the Troubled Assets Relief Program (TARP) to sustain the company until the Obama …

The Rescue Of The Us Auto Industry, Module A: Automotive Bridge Loans, Alexander Nye

Journal of Financial Crises

In 2008, in the midst of the Global Financial Crisis, America’s Big Three automakers neared their breaking point. Two of them, General Motors (GM) and Chrysler, asked Congress for funding to prevent uncontrolled bankruptcies. Policymakers realized these uncontrolled bankruptcies would damage the manufacturing sector. Congress considered but failed to pass a framework conditioning short-term financing on the companies’ producing acceptable restructuring plans. With the companies warning that they could not survive the coming presidential transition, on December 19, 2008, President George W. Bush announced the Automotive Industry Financing Program (AIFP) under the authority of the Emergency Economic Stability Act (EESA) …

Broad-Based Capital Injection Programs, June Rhee, Junko Oguri, Greg Feldberg, Andrew Metrick

Journal of Financial Crises

This paper surveys 36 broad-based capital injection (BBCI) programs and attempts to identify some best (and worst) practices. We argue that it is crucial to distinguish between programs implemented during acute (“panic”) and chronic (“debt overhang”) phases of a crisis, where the goals of program design should be different. In an acute phase, programs should be designed to influence the behavior of bank counterparties, while in chronic phases, the focus should be on bank behavior itself. With this framing, we identify seven themes to guide program design, and provide many illustrative examples for the policymaker’s tool kit.

Contested Deployment, Bert B. Tussing, John Eric Powell, Benjamin C. Leitzel

Books, Monographs & Collaborative Studies

As indicated in the 2018 National Defense Strategy and evolving Multi-Domain Operations doctrine, the assumption the homeland will provide a secure space for mobilization and deployment is no longer valid. This integrated research project goes beyond affirming this assumption and contributes to efforts to mitigate the concerns a contested deployment entails.

Following the introductory chapter, Chapter 2, “Army Deployments in a Contested Homeland: A Framework for Protection,” explores how current coordination and cooperation mechanisms between the DoD and state and local government may need realignment, with civil authorities preparing themselves to support military mobilization. Chapter 3, “Strategic Seaports and National …

Compassion, Respect And Governance: How Legislative Gender Quotas Influence Physical Integrity Rights, Daniel Partin

Helm's School of Government Conference - 2021-2024

This paper addresses the substantive political outcomes of legislative gender quotas and considers the influence of gender quota rules upon the governmental respect for physical integrity rights that are observed within states.

China Containment In East Asia: Preventative Or Provocative?, Rachel Solsman

Helm's School of Government Conference - 2021-2024

Since the end of World War II, the United States has developed and maintained its strategic alliances with Japan, South Korea, the Philippines, and Taiwan, and has worked to contain China through bolstering its deterrence strategy. However, after a century of humiliation, China is modernizing its military capabilities, improving in trade, and increasing political cohesion to become a regional hegemon. In light of these changes to the international order, the United States must re-evaluate its East Asian alliances and its current military and economic deterrence strategy against China. This paper will discuss the history of these alliances, the rise of …

Vietnam And Afghanistan: Intelligence And Ethical Failures That Doomed Two Wars, Jamison Finnamore

Helm's School of Government Conference - 2021-2024

A comparison of America's two longest wars and the similarities of the poor policy and leadership that ultimately led to failure and defeat.

Worth In The Workforce: How To Reform The Fair Labor Standards Act 14(C) Provisions For Persons With Disabilities, Todd Robatin

Helm's School of Government Conference - 2021-2024

No abstract provided.

Deterioration Of The Tenth Amendment: Why Federalism’S Hierarchy Must Be Restored, Giana Depaul

Helm's School of Government Conference - 2021-2024

No abstract provided.

House: Homeless Opioid User Service Engagement Program. Year 1 Report, Mary Lindsey Smith Phd, Katharine Knight Mph, Evelyn Ali Bs, Thomas Chalmers Mclaughlin Msw, Phd, Katie Rosingana Ba, Tyler Egeland Ba, Mark Richards Bs, Karen Pearson Mlis, Ma

Substance Use Research & Evaluation

Homelessness and lack of stable housing is often a barrier to achieving stability for individuals who are experiencing homelessness (IWAEH) with an OUD. In order to meet the complex needs of IWAEH with OUD, the Department of Health and Human Services funded a pilot program in 2021, the Homeless Opioid Users Service Engagement (HOUSE) Program; clinicians at Greater Portland Health provide clients with low-barrier Medication Assisted Treatment (MAT), while staff at Preble Street provide casework support and rapid housing assistance to individuals who have been identified as being at high risk of overdose, are experiencing homelessness, and are diagnosed with …

Essays On Socioeconomic Shocks And Policies In Agriculture, Wilman Iglesias

Department of Agricultural Economics: Dissertations, Theses, and Student Research

The three chapters of this doctoral dissertation estimate the responses of agricultural productivity, production value of agriculture, and crop supply to some external shocks and policies. Using unique panel datasets for Colombia and the United States, this research provides new insights regarding the responsiveness of agriculture to some socioeconomic effects and related market policies. Chapter 1 studies the impact of armed conflicts in rural areas on legal agricultural productivity in Colombia by using a production function that includes violence shocks such as the forced intra-national displacement of the rural population from 1995 to 2017. Chapter 2 investigates the effect of …

Policy Strategies To Solve The U.S. Recycling Crisis, Flavia M. Scotto D'Antuono

Student Publications

Following China’s Operation National Sword in 2018, the politics and economics of recycling have increasingly come under scrutiny as many examine whether it remains a worthwhile endeavor. Differences across municipalities, changing prices of goods, contamination, mislabeling, and involvement by the plastics industry has further confused the issue. This paper examines to what extent a national recycling policy would be effective and what form it may take using several case studies - whether it be mandatory recycled content minimums, extended producer responsibility, or allowing the industry to phase out completely,

Mental Health In Massachusetts Prisons, Jeffrey Yung

Undergraduate Theses and Capstone Projects

In November of last year, former Massachusetts U.S. Attorney Andrew Lelling and the Department of Justice’s Civil Rights Division released the findings of an investigation of the Massachusetts Department of Corrections (MDOC). They found several violations of prisoner’ constitutionals rights for mental health cases under the Eighth Amendment. The Eighth Amendment prohibits cruel and unusual punishments for criminal defendants. The findings reveal a lack of structured mental health care for MDOC prisoners, untrained employees, and unnecessary abuse of restrictive housing for prisoners designated under a mental health watch program.

Drivers And Barriers Of The Transition To Regenerative Agriculture Within The Eu’S Common Agricultural Policy Reform: Comparative Analysis With The Us Farm Bill, Samantha Gish

Independent Study Project (ISP) Collection

In the wake of multiple crises, such as climate change and international conflict, there is increased urgency to ensure a stable food system. Additionally, changing priorities of citizens have fostered the desire for sustainable production of food. One innovative method of food production is regenerative agriculture and in this practice the main goals are to increase system resilience, improve soil and sequester carbon. This is done through practices such as no tilling, cover and intercropping, and incorporation of livestock into crop fields. Although great in theory, these practices go against traditional agricultural practices and therefore the policy currently in place …

Restrictions Of Human Rights On The Basis Of Public Welfare, Thomas Makoto Naruse

Japanese Society and Culture

One of the basic principles of Japanese Constitution is respect for human rights. However, the Constitution stipulates “public welfare” in 4 Articles, and recognizes restrictions on human rights. From its text, it appears that human rights restrictions are widely recognized. The debate over public welfare has gone through several stages, and understanding has changed. The aim of this article is to introduce the meaning of “public welfare” in Japanese Constitution, and how it works. After introducing the flow of the theory, this article will examine how it functions as a basis for restrictions on human rights.

The Commonwealth Takes An Important Step In Protecting Our Democracy, Ashish Vaidya

eJournal of Public Affairs

Northern Kentucky University’s President Ashish Vaidya wrote an article celebrating Kentucky’s new bipartisan voting rights bill. Signed into law in April, the legislation is contrary to what we are seeing in other states and expands voting options in Kentucky. As an immigrant to the U.S. from India, President Vaidya has a unique perspective on democracy in America, and he is very passionate about higher education’s role to inform its students on their responsibility.

A Review Of Nepali Diaspora And Their Role In Nepal’S Development And Lessons For Developing Countries, Ambika P. Adhikari

Himalayan Research Papers Archive

United Nations data shows that the size of global diaspora had reached 281 million in 2020, and it continues to grow. Diasporas have contributed significantly to the development of their native lands through remittance, technology and knowledge transfer, philanthropy, and diplomacy. Many countries have designed policies to engage the diaspora more deeply by providing concessional citizenship and visa regimes, and attractive investment opportunities. Yet, there is room for improvement in policies and programs to enhance these prospects.

Since the 2010s, the size and expanse of Nepali diaspora has grown dramatically, the numbers perhaps reaching 800,000 in 2022 in the more …

Korean War Biological Warfare Allegations Against The United States: A Playbook For The Current Crisis In Ukraine, Conrad C. Crane

Articles & Editorials

No abstract provided.