Word: trillion
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Inflation or Deflation The amount of money that European governments and the U.S. are promising to put into the financial system is so vast - close to $2 trillion, if the cash injections and state guarantees are added up - that it could end up stoking inflation. Consumer prices have anyway been climbing for much of this year, as the cost of everything from oil to milk and cereal has risen. That trend is now changing as the global economy falters. Inflation leaped to a 16-year high in the U.K. in September, but elsewhere in Europe it has slowed, and economists...
...more than one-third of all foreign direct investment into countries such as China and Brazil comes from the 27-nation European Union. The E.U. with its 490 million population has also been an ever larger consumer of goods and services from Asia; last year it imported about $1 trillion worth from emerging markets alone, and China is its biggest supplier. With the U.S. economy also expected to drop off, it'll be up to Asia to generate its own growth for a while...
...such thing as ‘too mean’. And hey, not to sass back here, but since when did mistrust of everything ain’t white become a party plank for us?” “Probably about the same time trillion-dollar deficit spending and torture did. Let me ask you: When has the miscegenation card not worked? Bang that drum: Have you seen these crowds Sarah’s been drawing? Talk about fired up.” “Listen, lynch-mob fired-up is not the same as Rock...
...weeks ago in midtown Manhattan, time stood still - literally. After the country's debt surpassed $10 trillion, the marquee-sized debt clock in Times Square, which has kept a running tally of the U.S. national debt for nearly 20 years, ran out of digits. For a nation already struggling with a bleak economic reality, it was a less-than-reassuring display. Several news organizations quipped about such a literal "sign of the times," while the satiricial newspaper The Onion offered its own brand of gallows humor: "If everyone just donated one dollar, we would have enough money...
...late real-estate mogul Seymour Durst first erected the clock on Feb. 20, 1989 to call attention to the consequences of Reaganomics. At the time, the country had a national debt of $2.7 trillion. The original 25-foot-wide, 1,500-pound, 306-bulb sign cost more than $120,000 to create and install. (It now costs more than $500 a month to operate and maintain the light bulbs). Durst told reporters he had no plans to ever remove the clock. "It'll be up as long as the debt or the city lasts," he said, adding, "If it bothers...