Word: trillions
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Dates: during 1980-1989
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...Tokyo firm that last September became one of the five largest shareholders of Christie's stock, with 6.4%. Aichi, in turn, is controlled by Yasumichi Morishita, a secretive businessman who got a one-year suspended sentence in Tokyo in 1986 for securities fraud. Morishita is reputedly worth a trillion yen ($7 billion), and may be planning a takeover of Christie's -- although it is unlikely that the Monopolies and Mergers Commission would approve...
With only 17 hours to spare, Congress passed and George Bush signed a bill lifting the U.S. debt ceiling to $3.12 trillion, thus averting a default. Granted authority to draw on an additional $250 billion of other people's money, the Treasury is again able to pay the Government's bills...
...games over. In a feisty mood, Bush urged reporters last week to go after Congress for thwarting his and the nation's will. He vowed to leave in place automatic spending cuts that will trim $16.1 billion from the $1.2 trillion 1990 budget unless Congress on its own cuts about $14 billion from the deficit without resorting to "gimmicks." Unmentioned was the fact that most of the existing gimmicks were first proposed by the Administration...
...questioning aspects of the greenhouse theory. There is room for debate over the exact magnitude of climate change that will result from CO2 emissions, but no respectable scientist denies that if humanity keeps pouring gases into the atmosphere, the earth will heat up. The U.S. has spent several trillion dollars over the past 40 years buying insurance against a Soviet nuclear attack. Global warming, by contrast, is not just a risk but a certainty. It would be a shame if quibbling and ambivalence on the part of some Bush aides were to play into the hands of those...
...become a cliche that the Indians would have made out like bandits if they had merely invested the $24 they got at 8% (let alone in Fidelity's Magellan mutual fund). They'd have had $32 trillion by now. But the point is, they didn't take cash and invest it, they took trinkets. Today we're taking Nintendo games and Honda Preludes...