Word: trillion
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...could Soros have been the culprit? It is certainly possible ? this is, after all, a man who dabbles daily in currency markets to the tune of $1 trillion. But according to TIME Business writer Sribala Subramanian, his Quantum fund merely functions like a de facto Central Bank. Like any good government banker, Soros just goes where the money is ? following the market, rather than any political motive. Perhaps the Malaysian PM should consider a refresher course in Econ...
...this century Europe has exploded into world wars, both times because of instabilities and rivalries in Central Europe. Those conflicts cost the lives of more than half a million Americans. The cold war too began in Europe, and it cost the U.S. the equivalent of more than $13 trillion. The adaptation of NATO to post-cold war realities, including its enlargement to embrace a post-cold war membership, is crucial to the U.S.'s strategy for ensuring that Europe is more peaceful in the 21st century than it has been in the 20th. If Europe is safer and more prosperous...
...slaves. Multiplied by 25 [cents] a day, the going rate for unskilled labor back then, it amounts to $222 billion. Throw in another $222 billion for pain and suffering, and you get $444 billion. At 3% interest compounded over the 134 years since emancipation, that adds up to $24 trillion. Serious money...
...there no prospect of a war in Europe, but the ancient enemies--France and Germany at the center--have integrated their economies, torn down internal trade barriers, and face the world increasingly as a single unit. Their prosperity is enormous: Europe's gross domestic product last year, $8.6 trillion, overshadows America's $7.6 trillion...
...upshot is that Roach believes gross domestic product can grow safely at 2% to 2.5% a year, yet Sinai thinks it's 2.5% to 3%, and Yardeni says maybe 4%--big discrepancies in an $8 trillion economy that has lately been exceeding all those figures. The difference between 2.5% and 4% growth is $120 billion. That'd put a new car in a few driveways. The knowledge gap is widest when productivity is assessed. We assume that computers increase employee output. But Blinder wonders if we aren't using computers to get the usual amount of work done and then...