Word: trillion
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...falling dollar can also mean higher interest rates, and this is where the federal deficit comes into play. The U.S. government is already $4.5 trillion in the red, and every year it has to borrow another $200 billion or so by selling bonds. A hefty chunk of this sum comes from foreigners, and they were not born yesterday. Seeing the dollar in decline, they sense that our plan is to pay them back with devalued money. So they stop buying our bonds, and the only way we can lure them back is with higher interest rates that affect everyone. Thus...
...oppresses its citizens, the U.S. has stood alone. "No other nation agreed with us," said Clinton. "It wasn't like there was a big multinational coalition; it's not like sanctions on Iraq." Only America has annually debated forgoing trade with a nation that will spend more than $1 trillion during the next decade on infrastructure projects alone. Only America would permit moral considerations to preclude a company like Boeing from making a fortune in China. As everyone else has rushed to embrace China's markets, it has become clear that isolating Beijing is an impossibility...
...throughout, Perot was constant in emphasizing that the budget deficit must be eliminated and Americas $4.5 trillion debt must be reduced...
...electronics that sift through torrents of incoming data, instantaneously separating the mundane from the rare. "We're looking for needles in haystacks," observes University of Michigan physicist Myron Campbell, "and to find them, we have to process a haystack every second." During the last experimental run, for instance, a trillion collisions between protons and antiprotons occurred inside CDF's big particle trap. Yet of these, only 16 million were deemed promising enough by the detector's electronic gate-keepers to be worth more detailed analysis. Further winnowing occurred as banks of computers examined myriad measurements associated with each collision, flagging...
...willing to let go. They are traveling through coinless tollbooths, banking at branchless banks, riding in tokenless subways and paying for everything from taxi rides to mortgages with the swipe of a card or the blip of an electronic transfer. Such transactions accounted for 18% of the $55 trillion total that consumers, corporations and governments spent last year. But the number of electronic transfers has increased nearly 200% since 1986, in contrast to a 17% rise in the number of check and cash transactions. And the volume of household bills paid through automated systems such as ScanFone and Checkfree Corp...