Word: million
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Dates: during 2000-2009
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...Assistance to Recycle and Save, a.k.a. CARS, but nobody calls it that) had customers scrambling to car dealerships in droves after it went live on July 27. Despite being in effect for only a few days, the program helped drive July auto sales to an annualized rate of 11.2 million vehicles, from just 9.7 million in June. In reaction, Wall Street economists have ratcheted up forecasts for third-quarter economic growth...
Americans are always junking cars and trucks--14 million last year, according to R.L. Polk & Co.--but this time they went scrap-happy. In just over a week, the program ran through most of its $1 billion in funding. The House of Representatives quickly voted to allot an additional $2 billion. In the Senate, opposition from John McCain and other deficit hawks slowed passage but appeared unlikely to stop it. "I always thought that cash for clunkers would be an effective stimulus, but it seems to have exceeded expectations," says Princeton University economist Alan Blinder, an early booster...
...college rankings floating around, there's still one area students and parents can't find much concrete info about: how much an undergraduate degree will pay off. Enter PayScale.com, which claims to be the world's largest salary survey. Its 2009 College Salary Report uses data supplied by 1.2 million visitors who went to the site and plugged in all sorts of info to find out whether their salary was in line with those of people doing the same kind of work in their geographic area...
...absent SEC ("one of the most dysfunctional and inept periods in the commission's history"). Also in her sights: Fairfield Greenwich, a tony hedge fund that funneled more than $7 billion into Madoff's pockets, and J. Ezra Merkin, a major-league Manhattan investor who received a staggering $470 million in fees from Madoff. Merkin vacuumed up $2.4 billion from a veritable Who's Who of Jewish New York, including Holocaust survivor and Nobel Prize winner Elie Wiesel and Yeshiva University. "You were nothing more than a glorified mailbox," one of Merkin's investors fumed...
...reform. "White House Backs Away From Public Health Care Option," cried Politico.com. The New York Times led its story with a declaration that the Administration had "sent signals" that it was moving away from "its once-firm vision of a government organization to provide for the nation's 50 million uninsured and was now open to using nonprofit cooperatives instead." And the Drudge Report, predictably enough, was running a big photo of a white flag...