and understand exactly what the implications are in terms of our national security and security of our friends and allies around the country. and particularly with record to our nuclear modernization program. we need to make sure we are not sacrificing our national security for a deal. $84 billion for nuclear modernization in that s.t.a.r.t. treaty? i think we need to talk about that number and what that right number should be. i don t have a final position on that yet. but what we have seen is a last desperate gasp of the current congress after two years to on a spending binge and doing everything else but jobs, spending and debt, trying to jam through the last of their agenda here, right before christmas. i think the american people told on us on on november 2nd they can want us to read the bills, understand what we are doing and don t want a lot of unintended consequences to flow from very important decisions that we are
and they work closely with business leaders to develop curriculum to meet the needs of top businesses. which means when our graduates walk in the room, they re not only prepared. they re prepared to lead. devry university s keller graduate school of management. learn how to grow the business of you at keller.edu. bret: china boosted its holding of u.s. debt in september. the u.s. treasury now says china has almost $884 billion in american securities. up 1.7% from august. china s investment in cyber warfare may be even more
of the richest people in america. one popular newcomer. the popular newcomer is somebody we were just talking about. mark zuckerburg. he was on it last year, but his wealth has more than tripled. last year he was worth $2 billion, now he s worth $6.9 billion as facebook is perceived as more and more valuable. warren buffett and bill gates battle it out $54 billion and $45 billion. so there s a big spread there. another notable thing about the list this year is there you see also larry ellison s on the list $27 billion, he comes in third. that s the founder of oracle, the company that makes software for businesses. and you know what? the waltons. the walmart empire is so big, guys, that even after sam walton died, four of his heirs make the top ten. you add them all up, you get to $84 billion to easily beat
you had overseas markets also up very, very sharply. the hang seng, the nikkei are up. that s a big move for one day for stocks. why? because europe has announced a huge, nearly $1 trillion rescue package to make sure what s happening in greece doesn t spread to other debt-ridden economies in the e.u. they are calling this europe s financial version of shock and awe. let me tell you what s in this rescue plan. government-backed loechbs totalling $570 million. this is the rich countries ponying up to help the countries in trouble. a $284 billion in guarantee frs the imf and economic emergency
zone, in euro zone government-backed loans. $77 billion in eu emergency fund and $284 billion from the imf. that s how it all comes you know, gets divvied up. there it is, right there. for a total of more than $900 billion, almost $1 trillion. separately there s the fed, the federal reserve bank of the united states, canada as well, some other countries are all going in and promising that they are going to continue some of the emergency lending procedures that they had in place to make sure that the lending is still moving. so a couple of different parts to this. in fairness, that s, by the way, what other world central banks did when the u.s. got into trouble in september of 2008. they ve all sort of come together on this as one of the areas in which international governments and central banks work together. richard, you feel that i may have left something out of my explanation as to how greece got into is this mess and got the rest of the world into it. i think there s another