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Let's be honest. I can't comprehend a trillion of anything. Truthfully, I have a hard time comprehending what a billion is much less something that is a thousand times that. So I got some help. There are a trillion seconds in 31,546 years. Meaning nine...
The IMF failed to warn of the dangers posed by the US housing bubble. The G20 is wrong to give it more money and power The G20 countries have come to agreement on a number of important steps to foster a recovery from the recession. However, since we...
The leaders of the 20 greatest economic powers of the earth reached a historic agreement today at the G20 summit in London. A staggering $1.1 trillion was pledged to fight the severe recession the world is going through presently. The International Monetary...
Financial Turmoil Could Trigger Development Catastrophe, UN Cautions New York, Apr 1 2009 4:10PM As leaders of the Group of 20 (G-20) nations gear up for their meeting tomorrow, the United Nations is warning that the current global economic crisis threatens...
Tags: trillion
The Examiner's Julie Mason does a helpful recap of the spending the government has been doing since President Obama took office: "a $2 trillion financial services bailout, a $788 billion stimulus package, the $13.4 billion preliminary bailout for automakers,...
Tags: trillion, billion, stimulus package, bailout, stimulus, president obama, automakers, government, bailouts, economy
The government has warned that this year would be "the toughest" since the turn of the century, with the global downturn having cost about 20 million rural migrant workers their jobs. The government has urged laid-off workers to become entrepreneurs,...
Grabbing headlines this week was a forecast from TD Bank chief economist Don Drummond of a $13 billion provincial deficit, thanks to the "free fall" of the American economy. It was noted that a deficit that size would be even larger than the record $12.4...
Tags: deficit, financial crisis, president, trillion, barack, obama
South Korea on Thursday unveiled a fresh stimulus package including 660 million dollars in special loans for private firms involved in the construction of new highways, roads and bridges. The finance ministry said the government would shoulder up to 80...
Tags: government, trillion, stimulus package, interest, bank, South Korean
Not since World War II has America spent so much money so quickly. In the last two years, the United States has run up deficits that amount to a combined $2.5 trillion dollars -- almost a fourth of all the debt the nation has taken on in its entire history....
The economy will be seeing a loss of close to $2.6 trillion in demand over this year and next due to the collapse of housing and commercial real estate bubbles. To counteract this collapse, Congress gave President Obama just over $700bn in real stimulus.