What remains is the bailout plan to be voted visit house.gov
But explore David R.Butcher real meaning of $700 billion bailout
From ThomasNet Exactly How Much is $700 Billion?
By David R. Butcher
Here we break down the proposed $700 billion bailout of Wall Street and put that value into context with Bill Gates, Tata Nanos, Florida's GDP and Fun Dip. Also in today's Light Friday: Brilliant But Lazy Ideas, a 20,000-Year-Old Pothole, a Swiss Jetman Crosses the English Channel and MORE.
Bailout Numbers in Context
Lawmakers this week closed in on a massive $700 billion rescue deal for the nation's troubled financial sector even as many politicos and talking heads greeted the proposal with anger, skepticism, alternative proposals and, ultimately, continued talks/finger-pointing to get this thing hashed out.
Now, $700 billion is, put simply, a lot of money, which has led to lots of questions from lawmakers and taxpayers alike: How long will $700 billion last? How will the federal government know what price to pay for the mortgages it buys? Will all of the federal wheeling and dealing come with transparency and oversight? How will the average Joe be affected? Do the Wall Street executives get to keep their bonuses?
Because this is Light Friday, our question follows Slate's: How much is $700 billion?
* Enough to buy 5,000 packs of Fun Dip (the three-flavor/two-stick packs) for every American man, woman and child, a colleague suggests;
* About 14 Warren Buffets;
* If a dollar bill is 0.1 centimeters in height, 700 billion dollar bills stacked one on top of the other would form a pile 52,000 miles high;
* Not quite half the assembled net worth of the Forbes 400;
* Enough to buy every U.S. citizen old enough to drive (all 225,633,342 of 'em) one new Tata Nano car, and maybe some gas in each tank;
* Approximately 70 Large Hadron Colliders (LHC);
* More than the $530 billion in total world textile and clothing trade;
* Like, 12 times what the U.S. spends on education every year;
* Siphoning off Florida's gross domestic product would cover it, Slate notes;
* Roughly $100 billion more than we've spent so far on the Iraq war.
Malaria affects half of the world's population — 3.3 billion people in 109 countries — and causes nearly one million deaths per year. According to projections by the ambitious new Global Malaria Action Plan (GMAP), more than 4.2 million lives can be saved between 2008 and 2015 if its plan is put into action, and the foundation can be laid for a longer-term effort to eradicate the disease.
Fully implementing the GMAP will require $5.3 billion in 2009 and $6.2 billion in 2010 to expand malaria control programs; $5.1 billion annually from 2011-2020; $3.3 billion annually from 2021-2030; and $1.5 billion annually from 2031-2040.
Achieving full control of malaria in all endemic countries, reducing the number of malaria deaths to near zero by 2040 and still have $589.5 billion from $700 billion? There better not be a golden parachute in sight.
Find out more on financialservices.house.gov, bailout bill, bailout plan, bailout, speaker of the house or foxbusiness on bailout package and the bailout to financialservices at foxbusiness news.com
Famous people who talked on bail out includes Warren Buffet the worlds richest man who urged the congress to Bail out economy or face 'meltdown'.
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