Word: trillions
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...currency's value against the euro; since then, the franc's fallen further still. Even the greenback, which rallied in recent months, stands at its lowest level against the euro since early January following the Fed's announcement last week that it would spend some $1.2 trillion on government and mortgage bonds, flooding the markets with dollars...
...There are now, by most accounts, some $2 trillion taxpayer dollars at stake in the salvage programs in place or being considered, to save the national economy. The results of the failure of those plans are unimaginable. Almost no one living in America now was an adult during the early 1930s. It is impossible to imagine how 13% or 14% unemployment would affect the modern economy, just as there is no way to suss out what a 50% drop in housing prices from the 2006 peaks would do. Some economists believe that these problems will drive the nation into...
...loans, has gotten off to a slow start, attracting only a handful of applications during the two-day window for participation this week. The total size of the deals fell well-short of the $200 billion the Federal Reserve initially made available for the program, let alone the $1 trillion to which the Fed eventually raised the ceiling...
...feel financially secure enough to do so who may offer the clearest explanation. Some 4.4 million jobs--including a heart-stopping 651,000 in February alone--have been lost since the downturn began. Plunging stock and real estate values have led the way, with Americans losing more than $11 trillion in wealth last year...
...born, Harvard- and Oxford-educated economist who worked at Goldman Sachs for almost a decade, Moyo is particularly angry at the way overly solicitous Western financial aid has made Africa's "poor poorer." As she writes, "The notion that aid can alleviate systemic poverty ... is a myth." That $1 trillion-plus the U.S. has poured into Africa? Mostly useless. All that Bono-supported "glamour aid"? Somewhat insulting. The truth, Moyo argues, is that massive foreign aid encourages corruption and stifles the investment and free enterprise that can provide long-term stability. Her alternative solutions include widespread microfinancing and unfettered agricultural...