Word: trillion
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...roaring success of private equity raises a much bigger question, about the nature and validity of the stock market: Why isn't that $5 billion company worth $10 billion already? Why does it take Blackstone's expensive intervention to get it there? More than $13 trillion is invested in publicly traded shares on the New York Stock Exchange. Another $3 trillion--plus is riding on the NASDAQ. Most of this isn't rich people's portfolios and trust funds; it's the savings and pension funds of middle-class Americans. Over the past couple of generations, they have been enticed...
Water is a monumental opportunity. JPMorgan estimated the world municipal water and wastewater business in 2005 at $465 billion a year; by 2015, it figures, it will have almost tripled to $1.2 trillion. Some 40% of the world's population does not have adequate water and sewer systems, according to the U.N. And it's not just the developing world that needs to ramp up investment. The U.S. will have to spend as much as $41 billion a year until 2019 to maintain its water infrastructure, according to one Congressional Budget Office study--that's almost twice the $21.6 billion...
...certainly didn't accomplish this by cutting spending--federal expenditures are up 19% since 2004, to a projected $2.7 trillion in fiscal 2007 (on the whole, this has been the most spendthrift Administration since Lyndon Johnson's). The deficit is shrinking, instead, because tax receipts have risen almost twice that fast. The President has offered a simple explanation for this welcome bounty: A strong economy, spurred by tax cuts, has driven up incomes and thus revenue. "Low taxes mean economic vitality," he said in February, "which means more tax revenues...
...trillion $43,950 per person Taxes collected [CHINA] $486 billion $370 per person...
...trillion $8,297 per person...