Word: trillion
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...March 28, earned the nickname "Cap the Knife" for slashing budgets in the Nixon and Ford administrations. But TIME's July 27, 1981, cover story explained how, as President Ronald Reagan's Defense Secretary, Weinberger oversaw the rebuilding of the U.S. military-a project that cost a record $2 trillion...
...French are some five years behind Britain and Sweden with such measures, but they hope to learn from others' mistakes. If they can, the new system could put an end to reckless French government spending that has led to a fivefold increase in the national debt to €1.1 trillion over the past 25 years. "It signals a big shakeup," says Jean-Raphael Alventosa, a budget expert at the Cour des Comptes, the national accounting office, which will get more clout. Even France's love affair with hugely expensive - but glorious - infrastructure projects is changing: the Millau viaduct, the world...
While Jarding lambasted the Democrats, he also ripped into the Republicans and the Bush administration. He criticized the president’s $1.7 trillion tax cut—42 percent of which went to the richest one percent of the public, he said...
...record of delivering. During his first term (1996-2000), the D.R. enjoyed the highest growth rate in the Latin American region. His successor and predecessor, Hiplito Meja, presided over a banking scandal in 2003 that triggered an economic nosedive that wiped out 20% of GDP (imagine $2.8 trillion disappearing in the U.S.) and plunged an additional 1 million Dominicans into poverty. Since retaking the top job 20 months ago, Fernndez has put the country back on the mend, restoring macroeconomic stability and business confidence. Last year's growth soared 9.2%, with single-digit inflation, down from...
...factor of 100,000,” Betts said. According to Horowitz, the 72-inch telescope cost only $50,000 because it does not provide as sharp a picture as most astronomical projects require. However, the device is equipped with 1,024 light sensors that make a trillion measurements per second. Horowitz said that he and his team, made up of Harvard undergraduates, graduate students, and one volunteer, would begin nightly searches in about two weeks. The search for alien life is gaining increasing respect throughout the academic community, Horowitz said. “Contact will be made someday...