Word: billion
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Dates: during 2010-2019
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...last spring, here's what he found: Contracts had been stuffed in office drawers. The district couldn't afford new books. Gas was siphoned between buses. The district had to borrow money to pay its employees. There wasn't even a chief financial officer managing the system's $1.3 billion annual budget. "Detroit is unlike anything I've ever experienced. It's a lot worse than I anticipated," he says...
...Records, the green movie with the blue people has earned $552.8 million in North America, and later this week should pass Cameron's own 1997 Titanic ($600.8 million) as the all-time domestic champ. Avatar is even closer to the record for worldwide ticket sales: at an estimated $1.836.1 billion, it's just $6 million behind Titanic's $1.842 billion. And it will reach that number tomorrow, unless the world ends tonight. Of course, there has been inflation in the past dozen years; Avatar still has to top Titanic's real-dollar domestic gross of $943.3 million, as adjusted...
Obama outlined his plan for $117 billion worth of bank taxes to recoup the costs of bailouts even before Scott Brown's Massachusetts victory gave Republicans the 41st vote they need to filibuster the Senate. The newest proposals - further limits on the size and risk profiles of financial firms, plus bans on commercial banks playing the markets with their own cash or owning hedge funds or private-equity funds - had also been debated internally for months. But no matter what the White House spinners say, the heightened emphasis on taming Wall Street is a direct response to Obama's political...
...Still, the opportunity that the agreement opens up for Southeast Asia is huge. According to HSBC, the China-ASEAN free-trade area will encompass 1.9 billion people and a combined GDP of $6 trillion. To capitalize on this vast market, economists advise Southeast Asian companies to specialize in niche goods and services that China cannot duplicate - and to do it fast. "Given the shifting nature of China's comparative advantage, Asian countries may best re-orientate their economies towards sectors that cannot be easily replicated by China," wrote Kit Wei Zheng, a Singapore-based economist with Citigroup...
...businesses like Yap's ornamental-fish-breeding company - a nimble, small-to-medium-size specialized enterprise that trades with China but does not directly compete with Chinese companies - that stand to benefit the most from unfettered access to China's one billion customers. Sixty percent of the world's supply of ornamental fish comes from Southeast Asia, whose warmer waters and diverse aquatic eco-system has given it a competitive advantage that China cannot easily wrest away. A fully grown dragonfish, which Yap says aspiring Chinese businessmen gravitate to, can fetch up to $20,000 - each. Producing the fish...