Word: costes
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Dates: during 2000-2009
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...Dubai debacle triggered immediate concern about a new wave of financial problems rippling through global markets. Stock-market indexes plummeted, the cost of insuring against a default by Dubai jumped and the dollar strengthened as investors rushed back into greenbacks. On Friday afternoon, stock markets made something of a recovery as analysts took a second look at what Dubai's proposed repayment halt means. Eighty billion dollars - Dubai's total liabilities - may sound like a lot of money but in the context of the past year, it's not huge. And while banks like HSBC and Barclays have billions...
...Just how much putting extra troops in Afghanistan will cost is in dispute. Orszag pegs it at $1 million per soldier per year ($30 billion annually for 30,000 more troops), which is twice as much as the Pentagon's figure. The number varies depending on how many new weapons and other materiel are cranked into the calculation. But a new study underscores the extra costs of fighting in a landlocked country where the Taliban has shut down much of the meager road network. For example, every U.S. soldier in Afghanistan requires 22 gallons of fuel...
...Beyond the financial cost of getting fuel to the thirsty trucks and aircraft is the danger that comes from tanker trucks traveling along increasingly heavily mined roads. More troops will need more fuel, which will require sending more fuel convoys into harm's way. The study warns that stepped-up operations in Afghanistan could lead, by 2014, to more than double the 5,400 U.S. casualties (including 927 killed...
...escalating cost in blood and treasure of a war that has already cost America $150 billion and has no clear end in sight is the reason Obama faces a tough sales job when he finally rolls out his Afghan strategy next week after nearly three months of debate. Following the President's anticipated speech to the nation, General Stanley McChrystal, the top U.S. commander in Afghanistan, will testify before Congress along with other Obama national-security heavyweights. They'll have to convince skeptical Americans - as well as NATO allies at a Dec. 7 meeting - that Afghan President Hamid Karzai...
...sales job, at least in terms of cost, might be eased by Orszag's presence at that latest Situation Room session. "Wars have a way of crushing sound budgeting," says Gordon Adams, who handled the Office of Management and Budget's military account during the Clinton Administration. "It's a good idea to have the budget chief around when you decide to do that - especially if you have to sell it to a reluctant majority on the Hill...