Word: billion
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Dates: during 2000-2009
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...Citi, the controversy surrounding Hall's pay was about whether a bank that has received $45 billion in government assistance should be turning around and handing over big bags of cash provided by taxpayers, most of whom won't make one-tenth of Hall's annual salary in their entire lifetimes, to its employees. But now that Hall has left Citi, a larger question remains: Is anyone really worth $100 million a year, and what exactly do you have to do to deserve that much...
Reforms after the financial crisis were supposed to dramatically downsize what bank executives - including hotshot traders - get paid. But a year later, little seems to have changed. Banks, which have roared back to profitability this year, look poised to dole out billions of dollars in year-end bonuses for 2009. Alan Johnson, a top Wall Street compensation consultant, estimates that Wall Street Christmas pay will rise 35% from the figure a year ago. That means Wall Street bonuses could total as much as $19 billion...
...bankrupt nation and threw it open to foreign investment, who built not just roads and bridges but a grand new capital called Naypyidaw - "Abode of Kings." The reality is a little different. Foreign trade has enriched the junta; the Yadana natural-gas project alone has earned the regime $4.83 billion since 2000, according to the Washington-based nonprofit EarthRights International in a recent report. But most Burmese still live in wretched poverty. The new capital is an expensive boondoggle...
Okay. Your 401(k) hasn't lived up to the hype, but remember that even Warren Buffett lost $25 billion in the Great Recession. You've just survived one of the most harrowing periods in the history of modern finance. If you lost less than a third of your portfolio, you fared reasonably well. Your 401(k) may not be all it was cracked up to be, but with tax-deferred growth and a company match, it's still one of the best tools you have to get your retirement back on track. Handled with care (diverse, conservative investments...
...says. Ahead of the two main holidays celebrated in the city each year - Victory Day in May and City Day in September - the often cash-strapped air force is paid to make sure that it doesn't, well, rain on the parades. With a budget of $40 billion a year (larger than New York City's budget), Moscow can easily afford the $2 million to $3 million price tag to keep the skies blue as spectators watch the tanks and rocket launchers roll along Red Square. Now there's a new challenge for the air force: Moscow's notorious blizzards...