Word: billioned
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...Icahn, this isn't his first foray into the casino sector. Between 2000 and 2006, he purchased four casinos - the Stratosphere, Arizona's Charlie's Boulder, Arizona Charlie's Decatur and Aquarius Casinos - for $300 million, and sold them for $1.2 billion in 2008 before the recession unleashed the worst of its fury. (The original price was $1.3 billion, but was adjusted down slightly at closing time.) "That's a pretty good reward for waiting, right?" says Icahn. "Hopefully history will repeat itself...
...answer: a combination of tax increases and fiscal smoke and mirrors. The legislation raises taxes by $569.2 billion and cuts funds from Medicare and Social Security. Democrats are also able to claim that the bill cuts the deficit because, while the insurance subsidies don’t start until 2014, many of the taxes kick in within months. In other words, the changes the bill makes to the health-care system itself will cost $938 billion, as estimated by the CBO, and to fund it, Democrats use taxes and accounting gimmicks. Not only could the new revenue sources have instead...
...Instead, the Democrats chose to pass along party lines a 2409-page bill, with an additional 153 pages of amendments, dictating from Washington how to operate 16 percent of the economy. According to the Congressional Budget Office, the bill calls for $938 billion in spending over the next decade. Where will the nearly $1 trillion in spending be funneled...
...inescapable congressional deadlock, President Obama sat down in the White House East Room on March 23 and signed the 2010 Patient Protection and Affordable Care Act into law with a stroke of his pen. And then another pen. And another. Obama used 22 pens to sign the landmark $938 billion health care bill. It would seem that either the President has an undiagnosed case of OCD or the White House needs better office supplies. (See pictures of Obama signing the bill...
...promote the image of China as a forward-looking, technologically sophisticated country," according to one U.S. lawyer based in Beijing, echoing a common sentiment. But at the same time, Chinese authorities must be hoping that the dispute can be contained. After all, with a mere 2% of its $26 billion in revenue derived from China's search business, Google is one of the few multinationals that can take a principled stand...