Word: trillion
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Well, you may object, why should we imagine that arithmetic ability has anything to do with being President? Well, it is exactly that attitude that has led us to some $5 trillion of debt, but let that pass. Even if these questions are ruled out of bounds, there is a more serious line of inquiry that would go a long way toward revealing their true selves...
...along with every other mutual-fund operator, bank, brokerage and insurance company, finds itself in an escalating battle. As baby boomers save for retirement, college for the kids or a rainy day (say, when the Social Security system collapses), their investment rates will soar. Mutual funds have topped $3.145 trillion in assets...
...long-awaited key that opened the door to a rich trove of fundamental biological knowledge. In time this discovery did nothing less than bring to light the secrets hidden within the membrane of each of the 200 different varieties into which the human body's 75 trillion cells are divided...
...were still unwilling to embrace Goldwater's frank and fatally unpopular rejection of the big-budget entitlements like Social Security and Medicare. (When the G.O.P. Congress made a feint at Medicare last year, its approval rating plummeted.) The predictable result was a massive increase in the federal deficit, $1.5 trillion over eight years, and a crisis that reopened the split between supply-siders and fiscal conservatives like Dole and George Bush. To this day, movement conservatives resent Dole for pushing through a $98.3 billion tax increase in 1982 followed by another for $50 billion two years later--the undertakings that...
Like the boom in the stock market, the surge in IPOs has been fueled by the astonishing torrent of cash pouring into mutual funds--cash that has to be invested. The net assets of stock funds have jumped nearly 75%, to $1.53 trillion, since January 1995 alone. Fresh cash has been arriving this year at the rate of more than $20 billion a month. All told, some 2,800 companies have gone public since 1990, raising about $150 billion to build new factories and help create more than 10 million new jobs...