Word: multibillion
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...term. If Obama demonstrates that he's more interested in helping Haiti with green-energy projects like jatropha-seed oil than he is in making Bolivia eradicate more and more coca bushes, or more committed to steering U.S. aid toward micro-credit ventures for Mexican peasants than to building multibillion-dollar border walls to keep them out, it could go a long way toward making Latin America a more pro-yanqui messenger in places like the Arab world, where the foreign policy stakes are higher. "He's promised a historic change," says Saab. "So if he wants a genuine alliance...
...flight of hundreds of thousands of Iraq's best and brightest during the war (and before) has also resulted in many sectors severely lacking in professionals. During recent talks between the Electricity Ministry and General Electric over a multibillion-dollar deal to pump 7,000 megawatts of sorely needed power through Iraq's fitful grid, the ministry sent a negotiating team of only three people. Says Barnich, who helped facilitate the talks: "There's just nobody there...
...zombie firms - they appeared to be living but were actually dead, too burdened by debt to do much more than live off further handouts. One economist called Japan a "loser's paradise." The classic zombie was retail chain Daiei, which limped along for years, crushed by debt and multibillion-dollar losses, as banks kept bailing out the firm. Daiei, with nearly 100,000 employees at the time, was considered by politicians too big to fail. It was only after Japan began solving its zombie problem, rather than perpetuating it, that the country's financial crisis was finally resolved. (Daiei eventually...
...result does its best to impose order on what would otherwise be the disorderly bankruptcies of the two companies, but in many regards it just passes the buck to Obama. To be fair, Treasury had but a week to address an incredibly complex problem and come up with a multibillion-dollar aid package - no small achievement, however lacking in teeth. (Read "In the Nick of Time: Bush Announces Auto Bailout...
...nation's largest accounting firms to the list of watchdogs and regulators that didn't catch the multibillion-dollar Madoff investment scam...