Word: billioned
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...sulfur pits; to cover tuition at Grambling State University, he buffed floors. He moved quickly through a series of city-management jobs in Kalamazoo, Mich., and Oakland, Calif. In 2003, Washington's then mayor, Anthony A. Williams, hired Bobb as city manager and deputy mayor; he managed an $8 billion annual budget and some 20,000 employees. Three years later, he was elected president of D.C.'s board of education. After that experience, why would anyone want to take on the task of saving Detroit's public schools? "I wanted to go to an urban school district, the roughest...
...appetite for omega-3 fatty acids - hailed by studies as a weapon against ailments from heart disease to Alzheimer's to depression - appears to be endless. Since 2006, the U.S. market for omega-3 supplements has doubled, to an estimated $1 billion, and that doesn't count the billions of dollars more that consumers paid for infant formula, orange juice, breakfast cereals and a host of other products that have added these wonder nutrients...
...seen federal benevolence backfire before in this economy. Last February the White House - determined to rescue homeowners from foreclosure as the housing market crashed - launched its $75 billion Making Home Affordable program. The program not only failed to reverse a rise in foreclosures but also caused many homeowners to crash their credit ratings or throw monthly payments into homes they would ultimately lose anyway. Economists, meanwhile, say government efforts to keep people in homes they can't afford are painfully prolonging the nation's housing crisis - which doesn't help anyone...
Before its holiday break, the House voted to continue extensions as part of its $154 billion second stimulus package, and the Senate is set to consider that. On Jan. 10 presidential economic adviser Christina Romer suggested that there was a "need to do more." With unemployment hanging at a stubborn 10% and the release of another troubling jobs report last week, why not do more for the jobless...
...moved to tighten ground-level-ozone limits imposed by the Bush Administration in 2008. The EPA estimates that the proposal, which must go through a public-comment period before final standards are issued, could save up to 12,000 lives annually by slashing smog levels from 75 parts per billion to as few as 60. While the EPA said the measure could cost up to $90 billion a year by 2020 to implement, it argued that this sum could be offset by as much as $100 billion in annual health care savings...