Word: trillion
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...established in their current form in 1940 as a way for the average investor to play the market without taking on too much risk. Thanks in part to the rise of 401(k) plans, which added retirement savings to the pool, 54 million American households hold a combined $7 trillion in mutual-fund assets...
...developing world. It looks as if Lula may have more to talk about this week. The battle over First World subsidies could torpedo a new round of talks in Miami - talks meant to lead to the Free Trade Area of the Americas (ftaa), the proposed 34-nation, $13 trillion free-trade zone from Alaska to Argentina. Brazil is the U.S.'s co-chair in the Nov. 20-21 talks, which are meant to hash out ground rules for the final stretch of negotiations before the target completion date of Jan. 1, 2005. Things got fierce before the meeting began...
...rushed to peel off some of the 14 G-22 members in Latin America. The region does almost half its foreign trade with the U.S. - and Brazilian officials say they suspect the U.S. of threatening smaller Latin nations, which need U.S. aid and access to its $10.5 trillion market. The U.S. denies that; but when the hemisphere gathered in Trinidad and Tobago last month for a pre-Miami meeting, at least five Latin countries had dropped out of Brazil's coalition; Colombian Commerce Minister Jorge Humberto Botero said the G-22 "ceases to be a useful tool for our country...
...trillion Potential cost to South Korea if the North Korean economy collapses, according to rating agency Standard & Poor...
...with North Korea would cost $1 trillion and 1 million lives. It is false and pointless to say that we will not negotiate with rogue states. We have no choice but to pay up. John Field Dorrington, Calif...