Word: trillions
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...PING, a director general at China's Banking Regulatory Commission, saying Beijing will continue to buy U.S. Treasury bonds despite concerns about the dollar. China has nearly $2 trillion in foreign-currency reserves --FEBRUARY...
...sure, Citi's potential losses in Dubai are not enough to bring down the bank. Citi has $2 trillion in assets. And the Dubai losses look puny compared to huge hits the bank took in subprime lending and the mortgage market in general. But Citi was far more aggressive in courting Dubai business and left itself open to far more losses in what now seems was a financial house of cards than any other U.S. bank. JPMorgan, the U.S. bank with the next highest loan exposure to Dubai, has $2.5 billion in loans outstanding in the U.A.E., according to Creditsights...
ROLF HEUER, director general of the European Organization for Nuclear Research, on refraining from celebrating after the Large Hadron Collider broke the record for proton acceleration on Nov. 30, sending the particles hurtling at an energy of 1.18 trillion electron volts...
...have not merely made Americans skeptical of the explosion in spending but left them feeling shortchanged as well. Republican pollster Bill McInturff calls this "the notion that they're too big to fail and I'm too small to notice--that politicians have used the government to spend another trillion for the big banks and special interests...
...same time, international confidence in the government's ability to pay its $12 trillion debt is tenuous, and Obama has yet to take any clear steps, beyond rhetoric, to reassure investors. His 2010 budget, announced last February, projected medium-term deficits that even Obama's aides agree are unsustainable. And by most accounts, his health care reform package, if it passes, is unlikely to yield the clear long-term savings that Obama once suggested...