Word: billion
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Dates: during 2010-2019
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Indeed, the numbers are eye-catching. As of Dec. 23, the latest date for which data are available from the Federal Reserve, bank lending, at nearly $6.7 trillion, was down $100 billion from the month before. In the past year, the volume of loans outstanding by banks in the U.S. has fallen by more than $500 billion. Bank loans have been trending down for a while. Worse, most analysts don't see bank lending turning around anytime soon. Paul Miller of FBR Capital says a combination of banks' wanting to take fewer risks and lower demand for credit from consumers...
...while the number of bank loans is falling, the well of credit for corporations is far from dry. In fact, the 22 largest banks in the Treasury's Troubled Asset Relief Program issued or renewed $127 billion in business loans in November, roughly the same as five months ago. And bank lending, now at $6.7 trillion, is at the same level it was at the end of 2007, when the economy was still expanding. That would be a problem if we had serious inflation. When asset prices rise and loan values don't, that can signal economic stagnation...
What's more, unlike the situation at the height of the credit crunch, corporations are able to raise money from investors. On Tuesday alone, corporations sold $23.5 billion in bonds, making it the second most active day in debt sales by companies on record. In 2009, corporations issued $712 billion in investment-grade bonds, up from $646 billion...
...also the question of finding enough providers to care for 15 million new patients. "It is a huge load on the states at a time when we are still climbing out of the recession," Tennessee Governor Phil Bredesen said this week in Nashville. His state - already facing $1.5 billion in budget cuts this year and next - has estimated that the Senate version would cost it an additional $735 million from 2014 to 2019 and that the price tag of the House bill would be nearly double that. California Governor Arnold Schwarzenegger was one of the few prominent Republicans to favor...
...reasonable to ask private colleges to disclose a lot more information. I do think that's a fair exchange for the public dollar. And private colleges do get a lot of money from the public. They don't pay taxes. And if you're sitting on a billion-dollar endowment and you're not paying taxes on capital gains, that's a pretty good deal...