Word: trillion
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...decades, paying bribes was an unspoken but largely inevitable cost of doing international business. The World Bank Institute, the bank's in-house think tank, estimates that more than $1 trillion is paid in bribes each year, lining the pockets of officials at the expense of economies, distorting competition and giving business a bad name the world over. The U.S. tried to outlaw the habit with its Foreign Corrupt Practices Act of 1977, which makes it unlawful for any American firm to make a corrupt payment to a foreign official. But that was long the exception; many other rich countries...
...funds and college endowments--and to not-so-rich people through listed hedge-fund stocks and hedgelike mutual funds. Thorp's was not the first hedge fund, and the term now covers all manner of investment beasts. But the approach he pioneered accounts for the bulk of the $1.43 trillion that Chicago-based Hedge Fund Research says hedge funds had under management at the end of the year. That's still puny compared with the $20 trillion in mutual funds worldwide. But because most hedgies trade avidly, usually with borrowed money that amplifies their clout, it is they...
...faith seems well placed. Like its skyline, London's profile as a financial hub is rising. While the U.S.'s mammoth $13 trillion economy provides a bigger market in domestic shares listed on Wall Street's two major exchanges - nasdaq and the New York Stock Exchange (n.y.s.e.) - Britain's more modest economy (it's the fifth largest in the world) has forced London to transform itself into a more internationally minded financial center to stay competitive. That transformation has become so successful lately that it has led to widespread speculation over whether London or New York City will become...
...evidence of that, take a look down the plush streets of Mayfair. Across town from the city's traditional financial quarter, and nestling between the art dealers and high-end jewelers, London's hedge-fund industry is quietly putting down roots. The city's share of the $1.23 trillion global industry had climbed to around 26% by June last year, up from 21% a year earlier. (In France, Europe's next largest market, assets came in at just 1.7% of the world total.) By clustering close to clients, rivals, support services (London is home to three of the world...
...broad and long-lived global expansion. Thanks largely to easy monetary conditions in the U.S. and elsewhere, this expansion has resulted in the build-up of huge economic imbalances that are unsustainable over the long term. These include the U.S. trade and current-account deficits, the accumulation of $3 trillion in monetary reserves by Asian central banks, excessive debt growth and leverage around the world, and growing income and wealth disparities. A sudden, sharp reversal of any one of these imbalances could cause stocks to fall precipitously. The sell-off could be triggered by any number of lurking dangers...