Trillion

I’m on the road training folks as part of my job, so unfortunately I wasn’t able to cover much of the news today - that primarily being Washington Mutual tanking and respected, former White House economist Nouriel Roubini estimating that it will take $1 trillion to get us out of the housing/mortgage mess. Here’s the links to the stuff I wish I could have written about had time pe

From HealthHabits: As published in this past Sunday’s Observer, Zoe Wood reports that “the market for products derived from the obesity ‘epidemic’ could be worth £1 trillion within four years”. That is $2 trillion in US dollars. $2 000 000 000 000 According to the World Health Organization, almost 1/3 of the world’s population is overweight, while 400 million are clinically obese.

Sometimes called green amethyst, green quartz is from the same quartz family as the traditional purple amethyst, but its glorious mint green hue gives it a special radiant glow. ICE Style: RCC365372.View product details at Amazon

Sapphire - "The gem of the heavens!" Three ethereal Pink Sapphire gemstones are Trillion cut and weigh 1.00 Carat Total Weight. Separated by white Diamonds and set in 14K white gold, this ring is perfect for anyone passionate for pink. The Diamonds are round in shape, SI2-I1 clarity, H-I color and weigh .05 Carat Total Weight. This ring measures approximately 1/4 inch at its widest point and taper

This 14 karat white gold ring showcases a gorgeous trillion-cut peridot stone, held in a v-prong setting and framed by sparkling diamond accents (.08 cttw). The band curves outward in a bypass style, framing the stone along one edge. The golden yellow-green of peridot, August's birthstone, adds a bright touch of color to any season.View product details at Amazon

NEW YORK - UNITED States financial companies have lost more than US$1 trillion (S$1.4 trillion) in value this year, and yet another decline on Monday shows concerns aren't going away soon.Banks and brokerages began the week lower on the same fears that have been proven toxic since last summer in the ongoing credit crisis. The financial sector was hit with a confluence of troubles on Monday: cautio

Gemstones Total weight 1.00 carat Genuine Amethyst, 1 pc, Heart Cut 5.00mm Genuine Peridot , 1 pc, Trillion Cut 5.00mm vibrant color clean clarity Pendant pure sterling silver stamped .925 0.92 grams Dimension: 1x 3/8 inch modern design with gemstones in prong v-prong setting Includes 18 inches Sterling Silver Box Chain, Free Gift Box and Free ShippingView more details

Gemstones Total weight 1.00 carat Genuine Amethyst, 1 pc, Heart Cut 5.00mm Genuine Peridot , 1 pc, Trillion Cut 5.00mm vibrant color clean clarity Pendant pure sterling silver stamped .925 0.92 grams Dimension: 1x 3/8 inch modern design with gemstones in prong v-prong setting Includes 18 inches Sterling Silver Box Chain, Free Gift Box and Free Shipping.

No doubt it is really a matter of concern for the whole world, that The Gross National Debt has crossed 9 trillion dollars. Necessary steps should be taken to have a check on it and also to control it's further expansion at this pace.

The global market for pharmaceuticals was worth more than $693 billion in 2007. It is expected to increase to over $737 billion in 2008 and will top $1.0 trillion in 2013. The market is divided into branded prescription drugs, generic prescription drugs and over-the-counter products. Branded prescription drugs have the largest share of the market, with more than $525 billion in sales during 2007.

So far, credit crunch talk has revolved mainly around losses in the billions of dollars. No more. Reuters’ Walden Siew wrote today: No one knows when the credit crisis will end. But when it does, U.S home prices may have lost a third of their value, high-yield bond valuations will hit levels close to those [...]

The Indonesian central bank may suffer this year a much bigger deficit than last year due to a costly interest payout to holders of its key certificates, local press said Tuesday. Bank Indonesia, the central bank, is expected to suffer a total deficit of 8.02 trillion rupiah (about 861 million U.S. dollars) by the end of 2008, as it has to pay the interest of its certificates. Last year, the b

This is a interesting Question, Today We will see A equally timepass questionTake a Look!!What comes After a trillion?There is a Very simple answer trillion and oneJust KiddingIn almost all major countriesThey use these termsmillion = 10^6Billion = 10^9 (i.e. 10 to the ninth power) (for Americans; not Brits!)Trillion = 10^12Quadrillion = 10^15Quintillion = 10^18Sextillion = 10^21Septillion = 10^2

Agence France-Presse - June 06, 2008 Original URL THE world must spend one per cent of its annual economic output to halve greenhouse gas emissions by 2050, the IEA said today, calling for an "energy technology revolution" to curb global warming. Unless governments take action now, carbon dioxide emissions will rise by 130 per cent by the middle of the century and oil demand will grow 70 per

Malicious Legislation WatchClimate Security Act is about NeitherOnly US Senators would have the overbearing arrogance--think Al Gore--to think that they can vote to change climate. But the Senate votes tomorrow on a piece of Buffoonery called the Climate Security Act.Maybe the Senators attach a rider outlawing tornadoes and floods, while they're at it.Tomorrow's Senate vote, which will cost every

In our time of economic crisis what's and the difference between a Billion or 6 Trillion?   The numbers - How much will it cost American taxpayers to curb US carbon-dioxide emissions? Far more than the issue of polar-bear protection...   The political climate bill battle observers say started on May 20. Government witnesses told the Senate Energy and Natural Resources Comm

Copyright © 2008 khairulazmi.com. Visit the original article at -a-solution-to-edu-central-and-secure-network/.Trillion designs, builds, and manages highly reliable Broadband WAN networks for school districts and consortiums. All Trillion networks support data, voice and video simultaneously in a converged environment with Quality of Service (QoS) capabilities. Quality of Service prioritizes

The region's leisure and tourism sector is likely to receive a major boost with the planned investment of Dh.11 trillion on theme parks and other leisure and tourism projects in the Middle East, over the next twenty years. The forthcoming attractions in the region include the Restless Planet and Universal Studios in Dubailand, Entertainment City in Qatar, Ferrari World in Abu Dhabi, Aquaventure

The Bush initiated invasion of Iraq has been a major factor that has trebled the price of oil, according to a leading expert, costing the world a staggering $6 trillion in higher energy prices alone. Dr. mamlouh Salameh, an adviser to such organizations as the World Bank and tue UN Industrial Development Organization, told the [...]

The most popular targets for real estate investments now are countries in the new economic region stretching from China across India and the Middle East to Africa (CHIMEA), said a report. The top 50 emerging markets represented in A T Kearney’s recent Real Estate Opportunity Index spent a combined total of $1.7 trillion on construction in [...]

Okay, my blog has been getting über left leaning political, but, you know what? If it doesn't do it now, when will it? So if left leaning politics isn't your thing, step on or maybe, more accurately, click on.This isn't because John Cusack has me as one of his top friends over at MySpace. Although it did warm my little blogging heart , and I got a screen shot to save it because nothing is forever. It's because going on a $3 Trillion shopping spree really does put into perspective how wasteful this war is. I read John Cusack's latest blog over at the Huffington Post this morning and it got me over to an interesting site. I'll post the blog here in full so you can read it too: The $3 Trillion Shopping SpreeTHAT WAS FUN. Just got done spending $3 trillion. Try it yourself - it's a lot

How would you spend three trillion dollars: $3 Trillion Shopping Spree [hat tip Young Anabaptist Radicals] Why $3 Trillion? Because that is the estimated amount that this war in Iraq will cost. Some things I learned yesterday about one day in Iraq: It costs 720 million dollars Which could buy any one of the following: 84 new elementary schools 12,478 elementary school teachers 95,364 Head Start places for children 1,153,846 children with free school lunches 34,904 four-year scholarships for university students 163,525 people with healthcare 423,529 children with healthcare 6,482 families with homes 1,274,336 homes with renewable electricityWhen will it end?

It is hard to wrap your mind around the size of the American housing market. Today’s Case-Shiller Index reported a further deterioration in the housing market. The difficulty in determining what real estate was valued at the absolute peak is somewhat hard to determine since many regions hit peaks at various different times. [...]Related Posts:■Summer and Housing in the Garden of Eden. 3 Reasons Why Housing Will Soar This Summer!■Lords of Housing: Believing in the $22.5 Trillion Housing Market.■Current Status of Real Estate Market: Boring!■Of Bubbles Past. Need a Map for Housing? Ask a Housing Perma-Bull and They’ll See the World Through Colored Glasses!■The Psychology of a Crashing Housing Market: Sending in Your Home Keys Just Got Easier.

Former World Bank chief James Wolfensohn thinks the credit crisis will take $1 trillion in losses out of the market. That is a number much higher than most... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

According to Bloomberg today, former World Bank President James Wolfensohn is predicting that losses from the global credit turmoil may climb to $1 trillion. Wolfesohn, who was the head of the Word Bank from 1995 to 2005, said after addressing the European Pensions and Savings Summit: “It does seem to be a major adjustment on [...]

The real estate projects that are underway in GCC have cross Dh.8.8trillion mark, according to an industry research. The figure has been arrived at, taking into account all additional developments (even in their concept stage) that are currently happening in the GCC, which accounts for a total of 3,519 projects worth Dh.9.27 trillion. Majority of these developments are happening in the Saudi

Just look at those trillion cut amethysts with vibrant color and clean clarity. These pretty earrings are made of pure sterling silver with total 1.05 grams weight and are designed with a fish hook type clasp.

Here’s something to think about. According to CNN Money yesterday, credit rating agency Standard & Poor’s recently estimated that a financial meltdown at mortgage financing giants Fannie Mae and Freddie Mac could require a taxpayer bailout costing $420 billion to $1.1 trillion. CNN Money senior writer Chris Isidore noted that this staggering amount [...]

The Foreign Exchange market (Forex) is truly the largest exchange in the world. The amount of dollars traded on the Forex market on a daily basis is in the trillions. Most of this currency trading takes place between between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions. However, [...]

This number is huge, I don't know how we will gonna handle this anymore. It's not only about national debt, it's also about an entire nation complaining about personal debts and credits... we have to stop this from spreading and start to handle things in a better way.

From Public loot since 1947: Let us bring back our money by M R VenkateshIt is one of the biggest loots witnessed by mankind -- the loot of the aam aadmi (common man) since 1947 by his brethren occupying public office. It has been orchestrated by politicians, bureaucrats and some businessmen. The list is almost all-encompassing. No wonder, everyone in India loots with impunity and without any fear. [ ... ] In fact, some finance experts and economists believe tax havens to be a conspiracy of the western world against the poor countries. By allowing the proliferation of tax havens in the twentieth century, the western world explicitly encourages the movement of scarce capital from the developing countries to the rich. In March 2005, the Tax Justice Network (TJN) published a researc

*(click more)*OMGzer! Like, this is the contest to top all, like, contests! I’m, like, giving away TWO TRILLION DOLLARS! Yes, that’s TRILLION - with a “T”. lulz. rofl. lollerskates! All you have to do is leave lots of comments totally spamming this video and subscribe and i’ll, like, send you, like, [...]

Courtesy of The News news added on 6/10/2007 ISLAMABAD: The federal budget for 2007-08 with an outlay of Rs 1.599 trillion presented in the National Assembly on Saturday contains huge subsidies and relief for the masses and the public sector entities. The subsidies amount to Rs 133.9 billion, while relief to the people included major increase in salaries of the government employees by 15 per cent, pensions by 15 to 20 per cent and reduction in customs duty on raw material for industries, tariff rationalisation on vehicles, and zero duty on sewing machines, bicycles and cottonseed oil.The Rs 1.599 trillion federal budget includes Rs 1.056 trillion current expenditure and Rs 543 billion development expenditure. The federal budget for 2007-08 is 11.9 per cent higher than the revised estimates

According to Reuters via Yahoo Finance: Soros says global subprime losses could top $1 trillion NEW YORK (Reuters) - Billionaire investor George Soros said on Wednesday that global losses from the subprime mortgage debt crisis could top $1 trillion. “Losses being recognized now amount to $1 trillion,” from the subprime mortgage debt crisis, said Soros, asked about an [...]

Vietnam needs VND221.5 trillion to implement its airport development plan from now until 2020, the Ministry of Transport said on April 8. The plan envisages a total of 26 airports, including 10 international and 16 domestic ones, to be in operation by 2020. Its 3-year first phase is estimated to cost VND38.5 trillion.

According to the Internal Monetary Fund, sub-prime related losses are expected to topple $1 trillion. Thus far the street's consensus is that sub prime related losses have only reached $170 billion; however, related losses to mortgages, mortgage securities, commercial real estate, and consumer credit may all add up to nearly $1 trillion if conditions continue to deteriorate.

Classic, elegant, and astonishing! This ring has been created in 14K white gold with a beautiful design of a glowing trillion cut tanzanite and 4 shiny round diamonds on it's sides. This is a perfect piece of jewelry to be worn to any casual and or formal occasion. 4 round diamonds weigh .08ctw, color I-J, clarity I1-I2. A trillion cut tanzanite gemstone weighs .75ct, measures 6mm, and the gold weighs approximately 3.75 grams.

This elegant pendant necklace is made with sterling silver material and combined harmoniously with lab created sapphire, trillion cut white cubic zirconia, and round shape gemstones which have deep rich color and tremendous fire. This one of kind design necklace is gracefully done with beautiful white gold finish.

Many of you may be familiar with the show American Greed on CNBC. The show highlights examples of greed and corruption in rather dramatic case examples. This weekend, they had a couple of Southern California men from Compton, that decided to swindle church goers by convincing them that they could buy luxury cars [...]Related Posts:■Real Homes of Genius: Today we Salute you Pacoima. Zillow says $457,000 but Listed at $225,000?■When will my home cost me an ARM and a leg?■A Trip down the Housing Graveyard: The Casualties of the Housing Bear Market.■Lying Dirty Scoundrels of Housing: 3 Additional Factors to the Housing Explosion: Money Supply, Consumer Inflation, and Celebrities?■The Plague of Housing: Why we Will Feel and Be Poorer Because of the Housing Bust.

President Director of state oil and gas company PT Pertamina Ari Soemarno said that he has been asked by the government to pay its 2008 dividends of Rp15 trillion and express readiness to do that."We already had a meeting with Vice President Jusuf Kalla and discussed the matter," Ari Soemarno said in Tokyo Wednesday after signing an agreement on an assistance of Rp 6.4 billion to renovate the Indonesian School and Indonesian Hall in the Japanese capital.The request was made following a windfall profit for Pertamina as the result of the constantly skyrocketing world oil price, which had once even reached more than 100 US dollars per barrel.Ari Soemarno disclosed further that Pertamina still has a strong position in Japan, which is proved by a cooperation in the building of a number of oil p

From In These Times : Today the national debt is $9.2 trillion. And hardly anyone is talking about this. We’ve had rabbinical debates about healthcare and moronic charges and counter-charges about who’s ready “on day one” to be president. But the poor bastard who walks into the Oval Office next January will confront the $9 trillion-plus pound gorilla sitting in the room. That gorilla has become obscenely engorged because of George W. Bush and his cronies. His stupefying $3.1 trillion budget proposed for 2009, with an 8 percent increase for the Pentagon and more than $400 billion in deficit spending, got minimal coverage, unveiled as it was on the eve of Super Tuesday, when 60 percent of the network news coverage focused on the campaign.

A million seconds is 13 days.A billion seconds is 31 years.A trillion seconds is 31,688 years. A million minutes ago was – 1 year, 329 days, 10 hours and 40 minutes ago.A billion minutes ago was just after the time of Christ. A million hours ago was in 1885.A billion hours ago man had not yet walked [...]

Asia Pacific tourism revenues expected to top US$4.6 trillion by 2010 - Singapore By Chio Su-Mei, SINGAPORE : Tourism revenues in the Asia Pacific are forecast to top US$4.6 trillion by 2010 with visitor arrivals hitting 500 million, according to the Pacific Asia Travel Association. It says growing Asian economies and liberalisation in the aviation sector means intra-regional [...]

FTTH is a hot topic already and it is only a matter of time before investors start realizing the true potential by launching special products or investment funds. The only trouble is, there are few FTTH pure plays in the public realm (unless you count any telco as such, because FTTH is the inescapable way forward). However, direct investments may come into play.The Swedish Ventura Team recently reported on usage, which provided some reassurance to anybody displaying scepticism over what to do with all that bandwidth. Here is a link to the presentation sans graphics.Their main findings:Nielsen's Law (available speed increases at a 50% CAGR) generally holds. The Ventura Team expects it to hold for at least another decade. This means that 100 Mb/s will be available in France in 2008, in Polan

FTTH is a hot topic already and it is only a matter of time before investors start realizing the true potential by launching special products or investment funds. The only trouble is, there are few FTTH pure plays in the public realm (unless you count any telco as such, because FTTH is the inescapable way forward). However, direct investments may come into play. The Swedish Ventura Team recently

BIDV Insurance Co. (BIC), a subsidiary of the Bank for Investment and Development of Vietnam (BIDV), inked a contract Saturday to insure Dong Nai 2 Hydropower with a compensation package totaling VND1.33 trillion (US$84.3 million). The package covers the construction process and risk on assets in the operation process. The hydropower project is being developed by Trung Nam Investment and

The Reported National DebtThe Real American National Debt is not the 9 Trillion dollars reported, but a whopping 50 Trillion Dollars (below.) American media propaganda has never exposed the reality of the situation. The standard media reporting of the National Debt is as follows ...Faced with a potential government shutdown, the nation's debt limit was raised for the fourth time in five years. increasing the ceiling to $9 trillion. The increase to $9 trillion represents about $30,000 for every man, woman and child in the United States.Laurie Anderson - National DebtDollar in Danger- The Greatest Threat to AmericaThe Death of the U.S. Dollar Must See!Watch the complete Decline of the Dollar Video Series at ...*Dollar Decline Videos"When it comes to deficits, this president owns all the reco

Derivatives the new 'ticking bomb'Buffett and Gross warn: $516 trillion bubble is a disaster waiting to happen.ARROYO GRANDE, Calif. (MarketWatch) -- "Charlie and I believe Berkshire should be a fortress of financial strength" wrote Warren Buffett. That was five years before the subprime-credit meltdown."We try to be alert to any sort of mega-catastrophe risk, and that posture may make us unduly appreciative about the burgeoning quantities of long-term derivatives contracts and the massive amount of uncollateralized receivables that are growing alongside. In our view, however, derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal." That warning was in Buffett's 2002 letter to Berkshire shareholders. He saw a future that many

Hey I don't care what the Pentagon says, we've already spent over $700 billion in Iraq and Afghanistan with no signs of stopping. And now Joseph Stiglitz's new book is saying we could reach over $3 TRILLION by the end of it all.And what has happened during the time that all this money has been spent? Iraq is still very much a quagmire, Bin Laden is still out there, Afghanistan is still fighting the Taliban, Pakistan is wracked with political turmoil and the US and World Economies have been struggling with insanely priced oil. I've said it before: I don't feel any safer, do You?Even if we just think about the amount that has already been spent - over $700 billion. Do you think health care, social security or the crumbling infrastructure in our cities and towns would be such problems if the

According to a recent post on the Seeking Alpha blog (one of my favorites as well as one of the most respected on the web), the Financial Times is reporting in a video interview with George Magnus, UBS senior economic advisor that we can expect a bailout by October (just in time for the election!), something we've been predicting at Housing Chronicles since the beginning of the year. How big a bill will this be? Try $500 billion - or maybe even $1 trillion: A homeowners' bailout by U.S. Congress is a "surefire thing", according to George Magnus, UBS senior economic advisor, and the first bailout package is likely to be implemented by October...ooking at the losses in subprime and collateralised debt obligations and related instruments, including the spillover into leveraged loans, for ex

We are living in an age of liquid war and the cost is also flowing exactly like liquid. Believe it or not, next week, the Iraq war enters its sixth year. As casualties mount, so do the bills. . Almost 4,000 U.S. soldiers killed and more than 60,000 wounded. 700,000 Iraqis killed and 4 million refugees since march 2003 when this war started. . Now the Iraq war cost estimates run into the trillions.In a recent interview, Nobel Prize-winning economist Joseph Stiglitz asserted that the costs of the Iraq war - budgetary, economic and societal - could reach US$5 trillion. That's a hard number to comprehend. In fact, the George W Bush administration's war costs have already moved beyond the human scale of comprehension. >> read detailsIronic fact is, Almost every dollar spent on the war is borr

In America, they call it pork-barrel politics. In predominantly Muslim Indonesia, where pork is not a popular meat, the same practice exists. We call it money politics. And everyone here agrees not to bother with the Indonesian translation politik uang. Stick to English. It's so much catchier. During one recent discussion at a think tank organization, the question naturally came up when we reviewed the upcoming elections, which are just a year away. Where is the pork? How will President Susilo Bambang Yudhoyono spend in his budget specifically designed to win him extra votes come election time? Being the incumbent, he has the luxury of apportioning the state budget in a way that will give him an edge over his political rivals in 2009. He is bound to make full use of this prerogative, soo

Before America invaded Iraq, officials in the Bush administration estimated the war might cost tens, at most hundreds, of billions of dollars. Nobel Prize-winning economist Joseph E. Stiglitz and Linda J. Bilmes lay out very different figures in their new book, "The Three Trillion Dollar War: The True Cost of the Iraq Conflict." In it, they tally data on everything from troop pay to equipment to veteran's entitlements to larger social and economic costs, and examine how mismanagement, opaque accounting, and the privatization of the conflict have resulted in a megabill that Americans could be paying back for the next half-century.Stiglitz: "You can look at it and say, "This is a small percentage of a rich economy," or you can look at things like the proposed children's health-insurance prog

  Americann are  having financial problems.  Healthcare becoming less and less affordable. Many  are you on the verge of losing  their homes .  The good news is we  are safe from terrorists.  Besides,  there  is a  1 in 9,300,000 million chance of being killed by one.    It is unfortunate that many American families may become bankrupt, homeless and   starving  only  to be one of [...]

Current estimates put American residential wealth at $20.66 billion. This is an incredibly large number and that is why even the relatively small percentage decline in prices last year has put the entire economy at risk. According to the Case-Shiller Index which tracks 20 metropolitan areas in the United States, the index is [...]

Vietnam's State Treasury plans to raise VND1 trillion (US$62 million) in a government bond auction Friday.The State Treasury will sell five-year bonds to raise VND700 billion and issue the debt on January 15 for maturity on January 15, 2013.It will also offer VND300 billion in three-year bonds with the same issuing date of January 15.Proceeds from the debt are used for major infrastructure projects such as roads, bridges and ports.At the previous auction on December 24, 2007, the State Treasury sold VND1 trillion worth of government bonds, of which the five-year debt had an annual yield 8.65 percent and on the three-year debt was 8.15 percent.Moody's upgraded the outlook for both Vietnam's foreign currency bonds and local currency bonds to positive from stable in March 2007.It assigned a B

The subtle pastel tones of these gorgeous morganite stud earrings lend a touch of grace to any ensemble. Each earring highlights a trillion-cut 8mm morganite stone, held in a secure prong setting of radiant and durable 14 karat gold. Morganite, named after the passionate gem collector J.P. Morgan, is a beautiful peach, pink, or lavender variety of the mineral beryl, and a close cousin of the vibrant green emerald and the watery blue aquamarine. With pinks as gentle and subdued as aquamarine's blues, morganite projects both femininity and sophistication. These earrings are featured on posts with traditional friction backs and are available in your choice of white or yellow gold.

HANTU LAUT The claims by HINDRAF for compensations from the British Government for the economic miseries of Indians in Malaysia, can only be the imagination of a man suffering from an extreme form of psychosis. A man, a lawyer, an educated fool who gives false hope to his community and an attempt to gain popularity at the cheapest and shortest possible way.A cheap shot at stardom. Being a

UN scientists say climate change is happening faster than thought as politicians head to Bali to hammer out Kyoto's successor.The fourth and final UN report on climate change, due Saturday, is expected to emphasize that the warming of the planet is "unequivocal" and that humans are the main cause. That report will act as a blueprint for the next crucial round of climate talks starting next month in Bali, Indonesia.The Bali talks will set the groundwork for the successor to the Kyoto treaty, which expires in 2012. They will also guide global climate policy for at least the next decade, and dictate the types of long-term investment decisions made by big industries and utilities. Under current policy, it was generally thought the world would warm by about 5 to 7 degrees Fahrenheit by 2050, enough to trigger those severe effects."But 2050 isn't really a great guess anymore," said Gary Yohe, a professor of economics at Wesleyan and an author of the report.So many scientists and policymake

From Los Angeles TimesIt's a world milestone as shares of China's largest energy producer begin trading on the Shanghai stock exchange.By Dawn C. Chmielewski, Los Angeles Times Staff Writer November 6, 2007SHANGHAI -- PetroChina Co. became the world's first company valued at more than a trillion dollars Monday, catapulting over U.S. energy titan Exxon Mobil Corp. as eager Chinese got their first shot at investing in the oil giant when its stock began trading on the Shanghai exchange.Shares of PetroChina nearly tripled as investors scrambled to get in on the offering. The stock opened at the equivalent of $2.24 and traded as high as $6.52 before closing at $5.90.That price, plus the value of shares traded on the New York and Hong Kong exchanges and those held by the company's government-controlled parent, gave PetroChina a total market value of $1.1 trillion -- more than double Exxon Mobil, at $486 billion.[Read more]

Following on from my story about the richest man in the world being from India, it has now come to pass that the world most valuable company by market capitalization is a Chinese company - PetroChina. PetroChina Co. shares more than doubled in their Shanghai debut Monday, giving the oil giant a $US1 trillion market capitalization and easily surpassing Exxon Mobil as the world's largest company. The run-up gave the oil giant a market capitalization more than twice that of US based Exxon Mobil. To put this in context - the market cap of PetroChina is 10% larger than Australia's GDP (Gross Domestic Product - Value of Goods and Services produced in 1 year) However using production metrics, Exxon Mobil is still significantly bigger than PetroChina. PetroChina produced 1.06 billion barrels of oil equivalent last year, compared to Exxon Mobil's 1.56 billion. Exxon Mobil reported revenue in 2006 of $365.5 billion and earned a net profit of $39.5 billion. PetroChina's 2006 revenue was only

Since House Ways and Means Committee Chairman Charles Rangel unveiled his “Mother of All Reforms” tax bill last week, both sides of the aisle have been buzzing with discussion. On the Republican side, Representatives are bemoaning the impact the tax bill will have on middle income families, and how the rapid increases would all but erase the cuts implemented by President Bush.On the Democrat side, they are running out of ways to spend all that money. It has been reported that the bill could raise anywhere from a trillion to a sizeable $3.5 trillion over the next 10 years. Attempting to spend every penny of this large sum of money is proving to be a daunting task.“Let’s take my healthcare plan and double it,” suggested Presidential hopeful, Senator Hillary Clinton, “Double healthcare for everyone!”“Let’s give a couple hundred million for border enforcement,” said Arizona Congresswoman Gabrielle Giffords, “And let’s also give a couple hundred million to healthcare

Talk about a legacy. GWB may well be the great acronym-inal epithet for the next couple of generations, as in ‘Go GWB yourself.’ The cost of the wars in Iraq and Afghanistan could total $2.4 trillion through the next decade, or nearly $8,000 per man, woman and child in the country, according to a Congressional Budget Office estimate scheduled for release Wednesday. A previous CBO estimate put the wars’ costs at more than $1.6 trillion. This one adds $705 billion in interest, taking into account that the conflicts are being funded with borrowed money. The USA Today story is here: War costs may total $2.4 trillion.

Not that it comes as much of a surprise, but Nintendo's growing market value doesn't seem to be showing any signs of letting up, with the company now crossing the 10 trillion yen mark (or roughly $85 billion). The new value is nearly triple what the company was worth before it launched the Wii late last year.read more | digg story

Breaking news! Last Friday, a bronze trunk (which looked much like a pirate treasure chest) containing US$3 trillion worth of bonds was found amidst bananas trees in a grove along the highway of the southern Cebu town of Argao. According to news reports, a seal of the United States was engraved on the trunk. It was [...]

Our local NPR affiliate, WETS, is having its pledge drive. WETS is the only NPR station in a "red state" that airs Democracy Now! We have a listener support group to keep this program on the air, called DemocracyNowTricities. The reason this program needs a listener support group, is that there are many folks who want WETS to remove the program.Yesterday WETS aired a voicemail that came into the office. It was a colorful rant against WETS. In the voicemail, a woman goes on to say her name is "Hillary Socialist" and that she wants to "make a pledge of sixty trillion dollars [...] and give it to y'all for the socialist communist work that you do." You can read the story and listen to the audio on youtube.If you think DemocracyNow! is an important program to keep on the air, support WETS and DemocracyNow!

Publicly listed palm oil company PT Astra Agro Lestari will invest Rp 2 trillion on palm oil plantations in the West Halmahera district, a local official said Friday.PT Astra Argo Lestari is the first company to enter the palm oil sector in North Maluku. Most private firms in the province are engaged in the mining, forestry and fishery sectorsIndonesia News Blog: http://indosnesos.blogspot.com

This is so incredibly cool... astronomers have found a cosmic black hole that has no stray stars, no galaxies, no sucking black holes, not even mysterious dark matter. It is 1 billion light years across of nothing. That's an expanse of nearly 6 billion trillion miles of emptiness! Now I know where all those stray socks have disappeared to!

It is expensive to call the dead. KUALA LUMPUR, Malaysia - A Malaysian man said he nearly fainted when he received a U.S. $218 trillion phone bill and was ordered to pay up within 10 days or face prosecution, a newspaper reported Monday. Yahaya Wahab said he disconnected his late father’s phone line in January after he died and settled the 84-ringgit (U.S. $23) bill, the New Straits Times reported Full Story

A Malaysian man said he nearly fainted when he recieved a $218 trillion phone bill and was ordered to pay up within 10 days or face prosecution, a newspaper reported Monday.Yahaya Wahab said he disconnected his late father's phone line in January after he died and settled the $23 bill, the New Straits Times reported.But Telekom Malaysia later sent him a $218 trillion bill for recent telephone calls along with orders to settle within 10 days or face legal proceedings, the newspaper reported.It wasn't clear whether the bill was a mistake, or if Yahaya's father's phone line was used illegally after after his death."If the company wants to seek legal action as mentioned in the letter, I'm ready to face it," the paper quoted Yahaya as saying. "In fact, I can't wait to face it," he said.Yahaya, from northern Kedah state, received a notice from the company's debt-collection agency in early April, the paper said. Yahaya said he nearly fainted when he saw the new bill.Government-linked T

AstronomicalIraq War UltimatelyWill Cost: One TrillionIt Is This Much: 1,0 0 0, 0 0 0, 00 0, 0 0 0One Thousand BillionsOr One Million Millions, MoreThan The EstimateRemember RumsfeldHe Said This Would Not Last ForA Couple Of MonthsThis Is Insane, AndRepublicans Cannot ClaimThat They Are FiscalOr Moral For ThatMatter, Rubber Stamping AllThat Bushtard WantedAll The Lives Lost, ForWhat, Iraq Is A Failed StateWeak And UnstableThanks To Bush, CheneyRumsfeld, Condi, WolfowitzPearl, Kristol, Dumb F*cks Budget Office Analysis Says War Could Cost $1 Trillion Bush Insults BBC Political Editor at Press Conference Leahy: Republicans seem to love to shut down government Iraq unions may strike over Oil Ministry US cannot account for 190,000 guns in Iraq Oil Prices Retreat After Rising to Record on Drop in Crude Inventories Bombs rock Baghdad, killing 70, as unity government crumbles Republican: Tillman death between 'incompetence, conspiracy' Kucinich Grills Rumsfeld at Tillman Hearing Bush Author

The Harvard-Smithsonian Center for Astrophysics has announced the discovery of a mass of crystallized carbon formerly known as star BPM 37093, now known as the biggest diamond in the galaxy, fifty light years away from Earth in the constellation Centaurus. The diamond is estimated to be 2,500 miles across and weighs approximately 10 billion-trillion-trillion-carats – a one, followed by 34 zeros. Travis Metcalfe, an astronomer from the Harvard-Smithsonian Center for Astrophysics and leader of the team who discovered the gem, says “You would need a jeweler’s loupe the size of the sun to grade this diamond. Bill Gates and Donald Trump together couldn’t begin to afford it.” Now that’s a big diamond. Original Article Related PostsPastor? God? Antichrist?Here's a doozy. Jose Luis de Jesus Miranda isn't your typical preacher. He has 666 tatto...A Monday Rant on a Friday - Merging...I don't know what it is like around the rest of the country but about 95% of driver

MUMBAI: Realty stocks on the bourses rallied on Wednesday even as the market value of DLF Ltd, India's biggest real estate firm, crossed Rs one-trillion mark on hope RBI may not raise interest rates at a credit review later this month. The scrip of billionaire K P Singh-led DLF, which listed on the bourses only on July 5, rose 3.27 per cent or Rs 18.70 on the Bombay Stock Exchange at Rs 590.45. Its market cap jumped to Rs 1, 00,053 crore just before today's closing and settled at Rs 99,733 crore as compared to Rs 96,575 crore yesterday. DLF scrip witnessed demand after reports that the company emerged as the front-runner for developing an integrated township project in Bangalore, market men said. DLF's market value had crossed Rs one-trillion mark during intra-day trade on the listing day itself when the scrip surged to Rs 714 on BSE, but ended below the level. Besides, most realty stocks jumped amid expectations that the central bank may not increase interest

A sane person surrounded by insanity will at some point, question his or her own mental health. Examining the past decade of housing especially from Southern California, the epicenter of the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

The Mortgage Bankers Association reported a strong first quarter for commercial loans, with total debt outstanding, including apartment loans, surpassing $3 trillion for the first time. Here's a clip from the report:The $3.001 trillion in commercial/multifamily mortgage debt outstanding recorded by the Federal Reserve was an increase of $72.4 billion from the fourth quarter 2006. ... “Issuers of commercial mortgage-backed securities (CMBS), collateralized debt obligations (CDO) and other asset-backed securities (ABS) were responsible for almost 60 percent of the increase in commercial/multifamily mortgage debt outstanding,” said Jamie Woodwell, MBA’s Senior Director of Commercial/Multifamily Research. However, multifamily originations of $11.8 billion in Q1, were down 17% from the fourth quarter of 2006, but up marginally from the first quarter of 2007. Below is a chart of CMBS issuances by quarter. Click on the image to get a larger image.

Immigration Bill Hides $1 Trillion Time Bomb - NewsMaxExcerpt:"The immigration bill being debated by the Senate would allow more than 2 million illegal workers who received Social Security numbers prior to 2004 to receive more than $966 billion in Social Security benefits by 2040, warns the Senior Citizens League, a 1.2 million-member nonpartisan seniors' advocacy organization based in Alexandria, Va."Read Story

Not one damned inch towards ANY sort of "immigration reform" until our politicians have shown, for at least a few years, that they are serious about protecting our borders. I don't believe a single word ANY of them say that are in favor of amnesty. They can babble on about 10,000 different types of triggers, fines, fees and general border enforcement but I know it will all be forgotten the second pen hits paper. Every one of them from Bush to McCain to Kennedy will be at the borders, big smiles on their faces and big sombreros on their heads welcoming the illegals in and pointing them towards the Home Depot day labor centers and the local welfare offices. No to amnesty now. No to amnesty tomorrow. No to amnesty next year. And no to amnesty forever! Is that plain enough??? ~RJHHeritage Foundation article link Amnesty Will Cost U.S. Taxpayers at Least $2.6 Trillionby Robert E. RectorWebMemo #1490 The Senate is currently considering a massive immigration reform bill, the "

The Real 50 Trillion National Debt ExposedReprint & Updateby Popular DemandThe Real American National Debt is not the 9 Trillion dollars reported, but a whopping 50 Trillion Dollars (below.) American media propaganda has never exposed the reality of the situation. The standard media reporting of the National Debt is as follows ...Faced with a potential government shutdown, the nation's debt limit was raised for the fourth time in five years. increasing the ceiling to $9 trillion. The increase to $9 trillion represents about $30,000 for every man, woman and child in the United States."When it comes to deficits, this president owns all the records," said Minority Leader *Harry Reid, D-Nev. "The three largest deficits in our nation's history have all occurred under this administration's watch."When Mr Bush took office he inherited a $236 billion budget surplus. Bill Clinton, his predecessor, had used budget surpluses to pay down some of the national debt in his last two years in office

I am absolutely SHOCKED that this ever made it to national TV on Sixty Minutes. It is surprising that the drug industry did not have enough influence over CBS to prevent this from being aired. This is, without any doubt in my mind, one of the biggest scandals in the history of the United States.The drug companies are bilking the U.S. public for AT LEAST $1 trillion. The late Senator Everett Dirksen from Illinois was fond of saying when he was referring to the Defense Department budget, "A billion dollars here, a billion dollars there and before you know it you are talking real money." Well folks, we are not talking about $1 billion, we are talking about $1,000 BILLION. Interestingly, the smart person’s favorite candidate for the U.S. presidency, Ron Paul, commented on this bill when it was initially introduced four years ago. This Medicare drug plan fiasco enriches pharmaceutical companies, fleeces taxpayers, and forces millions of older Americans to accept inferior drug cover

I just watched this and thought it was pretty funny and worth sharing. “A Tennessee woman mistakenly received a four-trillion-dollar charge on her bank card from the U.S. Postal Service.” I can understand that bank errors do happen...but...would it not be logical to think that there would be some sort of safeguard or verification for transactions worth over...I don’t know 1 trillion dollars!!! To watch the entire story click here.

PT Perusahaan Listrik Negara, Indonesia's state-owned power utility, plans to sell 3 trillion rupiah ($340 million) of bonds, the country's largest rupiah- denominated corporate bond transaction, in July. Listrik Negara, or PLN, will sell 2.7 trillion rupiah of 15-year bonds and 300 billion rupiah of 10-year Islamic bonds, the company said in a prospectus published in the Bisnis Indonesia newspaper today. Muslim Syariah laws forbid the payment and receipt of interest. Indonesian companies are selling bonds to raise funds to expand and refinance debt as interest rates fall.

Bank Indonesia (central bank) said on Tuesday it recorded a surplus of Rp31.01 trillion last year, up 91.90 percent from a year earlier.The surplus was contributed by extraordinary revenues as the bank`s own revenues fell and its expenditures rose, the bank said in its yearly financial statement.Its total assets rose to Rp772.07 trillion last year from Rp695.42 trillion in 2005.

Indonesia's unlisted state-owned toll road operator PT Jasa Marga will issue up to IDR1.5 trillion ($169 million) of 10-year bonds next month to raise funds for repayment of bank loans, it said Tuesday. Jasa Marga will start bookbuilding for the unsecured bonds May 9 until June 4, and will issue the notes June 21 via PT Bahana Securities. Jasa Marga said in a preliminary prospectus that it will pay a fixed coupon on the bonds, to be decided later.

According to data compiled recently by essayist and retired patent attorney Richard Everett, African Americans are projected to have spending power of approximately $1 trillion a year by 2010. That... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

PT Telekomunikasi Indonesia may post an audited profit of more than 10 trillion rupiah ($1.1 billion) for 2006, a government official said. ``Net profit may reach more than 10 trillion rupiah,'' Said Didu, the top official in the state enterprises minister's office, told reporters today. Bandung, West Java-based Telkom, Indonesia's biggest phone company, said its profit before interest taxes, depreciation and amortization probably grew between 19 percent and 24 percent last year, President Director Rinaldi Firmansyah said on March 30. In 2005, Telkom posted net income of 7.99 trillion rupiah, compared with 6.61 trillion rupiah in 2004.