By one estimate, the federal government and the Federal Reserve have lent, spent or committed $12.8 trillion to combat the current recession—and the end is not yet in sight. These commitments include attempted bailouts of troubled financial firms, funds for automakers, loan guarantees, economic-stimulus funding for projects, tax breaks and purchases of toxic mortgages. Taken in its totality, this golden eruption dwarfs any federal spending plan ever undertaken. Related Links: Dollars Roll Out At Uneven Pace Therein lies the problem. With a potential prize roughly equal to the gross domestic product of the U.S. in 2008, every hustler on the
The 2016 Summer Olympics boating and swimming events have put an international spotlight on what has been a long-running problem in Rio de Janeiro—untreated sewage and trash are clogging up major bays and waterways.