sock away

Newsom considers his proposed budget account a necessary step toward enacting a requirement that the state sock away more money in a rainy day reserve.

The principal shock in New York Community Bancorp’s earnings report last week came from its admission that the value of its real estate loans had dropped steeply, which spurred it to slash its dividend and sock away half a billion dollars to protect against future losses.

The bank’s executives said they would have to sock away more money for losses in loans in commercial real estate, partly because of a souring investment environment for office space.

Find a revenue figure that works for the outbound schools, sock away enough for WSU and OSU to cover the secondary liabilities and, above all, find a legal framework for dealing with the potential damages in the antitrust case against the NCAA.

Crowther’s group came up with the figure by using satellite data to estimate how much carbon is currently stored by forests and by modeling how much more they could sock away if reforestation efforts took place.