Word: billioned
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...because spending on the military and homeland security, following 9/11 and the launch of two wars in its wake, has become sacrosanct. But it's too bad - because there is plenty of money to be saved by lopping off the well-marbled fat that clings to the $700 billion the U.S. spends annually on national security...
America’s public diplomacy has a budget of about one billion dollars a year and a staff of thousands of foreign service officers and civil servants who are engaging in, among other things, broadcasting in 53 languages, staffing exchanges, deciding on Fulbright fellowships, and building websites. Since 2001, budgets and staff have increased and, in all fairness, exchanges, broadcasting to Arabic-speaking countries, and Internet tools have improved. But the question remains—are we better able to communicate with the world today than we were before 9/11? The increased budgets, augmented staff, and more modern websites...
...economic reasons. We spend at least a million dollars more on a death-penalty case than on a non-death-penalty case. In the U.S., where we've executed 1,200 people since the death penalty [was reinstated in 1976], that's $1.2 billion. I just think, gosh, with $1.2 billion, you could hire a lot of policemen. You could have a lot of educational programs inside of prisons, so that when people come out of prison they know how to do something besides rob convenience stores and sell drugs. There are already counties in Texas, of all places, that...
...anticipation and frustration forming, along with the rain clouds, over the western hemisphere's poorest country. Haiti's challenges seem even more daunting now that a new study by the Inter-American Development Bank (IDB) in Washington has re-estimated the earthquake damage from $5 billion to between $7 billion and $13 billion, making it one of history's worst natural disasters. "This has never happened to a country before," says the European-educated Bellerive, 51, a doctor's son and international-relations expert. "Forty percent of our GDP was destroyed in 30 seconds." (See TIME's exclusive photos...
...firms have good reason to rush to Libya. The oil-rich nation is sitting atop a giant cash surplus, with foreign reserves of nearly $140 billion. Muammar Gaddafi, who has ruled Libya for four decades and was once described by Ronald Reagan as "the mad dog of the Middle East," has said he intends to spend a lot of that money overhauling his country's creaking infrastructure, which was barely updated through more than two decades of international embargoes. (U.S. sanctions were lifted in 2004 following Libya's abandonment of its nuclear weapons program.) (See pictures of Colonel Gaddafi...