Post Reply 
 
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
'National Debt Clock' of New York runs out of digits
10-09-2008, 09:28 AM
Post: #1
'National Debt Clock' of New York runs out of digits
[Image: _45091604_45091598.jpg]

The US government's debts have ballooned so badly the National Debt Clock in New York has run out of digits to record the spiralling figure.

The digital counter marks the national debt level, but when that passed the $10 trillion point last month, the sign could not display the full amount.

The board was erected to highlight the $2.7 trillion level of debt in 1989.

The clock's owners say two more zeros will be added, allowing the clock to record a quadrillion dollars of debt.

Douglas Durst, son of the late Seymour Durst - the clock's inventor - hopes to replace the Manhattan clock with its lengthier replacement early next year.

For the time being, the Times Square counter's electronic dollar sign has been replaced with the extra digit required.

For its part, the digital dollar symbol has been supplanted by a cheaper version - perhaps a sign of the times for the American economy.

Some economists believe the $700bn bail-out plan for ailing US financial institutions could send the national debt level to $11 trillion.

http://news.bbc.co.uk/2/hi/business/7660409.stm
Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  Increase in Profit Rates for National Savings Schemes Announced LRE-Azan 0 221 11-02-2023 06:34 PM
Last Post: LRE-Azan
  Pakistan to showcase tourism potential in New York’s ‘Travel & Adventure Show’ LRE-Azan 0 634 01-26-2023 02:55 PM
Last Post: LRE-Azan
  Islamabad: The Return on Investment in National Savings Schemes has Increased LRE-Azan 0 1,202 12-11-2021 07:54 PM
Last Post: LRE-Azan
  Margalla Hills National Park: PTDC to execute chairlift project Salman 0 5,138 04-24-2015 03:14 PM
Last Post: Salman
  National Accountability Bureau (NAB) reference against Pakistan Housing Authority CMY 0 4,653 01-25-2014 06:05 AM
Last Post: CMY
  National Housing Policy 2013 Coming Soon for low-cost houses Salman 0 7,562 11-28-2013 01:31 PM
Last Post: Salman
  PWD uplift projects: National Assembly panel concerned at embezzlement Salman 0 7,285 11-28-2013 12:58 PM
Last Post: Salman
  National assets: PM prioritises repair of roads Salman 0 5,977 07-19-2013 12:13 PM
Last Post: Salman
  Final touches being given to National Housing Policy Salman 0 5,136 06-22-2013 12:13 PM
Last Post: Salman
  National Assembly Passes Bills Dropping Discretionary Quota in Housing Schemes Salman 0 5,134 10-17-2012 12:36 PM
Last Post: Salman
  Anti-encroachment drive on national highway begins Salman 0 5,438 07-25-2012 01:46 PM
Last Post: Salman
  CDA realised too late National park land under dispute Salman 0 3,547 04-13-2012 12:26 PM
Last Post: Salman
  Energy crisis causing irreparable loss to national economy: CM Salman 0 3,795 04-07-2012 12:15 PM
Last Post: Salman
  National Assembly Employees Housing Society embezzlement: New plan brings new hope Salman 0 5,585 03-26-2012 01:19 PM
Last Post: Salman
  SBP Governor calls for debt market development Salman 0 3,663 12-22-2011 04:47 PM
Last Post: Salman
  Govt releases Rs 11bn to clear circular debt Lahore_Real_Estate 0 3,066 10-04-2011 01:19 PM
Last Post: Lahore_Real_Estate
  Pakistan must broaden tax base, improve debt management: IMF Lahore_Real_Estate 0 3,627 05-18-2011 01:11 PM
Last Post: Lahore_Real_Estate
  When the clock struck 12… Lahore_Real_Estate 0 2,301 01-01-2011 11:30 AM
Last Post: Lahore_Real_Estate
  RGST Bill to be presented in National Assembly on December 20 Lahore_Real_Estate 0 3,407 12-04-2010 12:45 PM
Last Post: Lahore_Real_Estate
  Shahbaz announces Rs 10m for national Hockey Team Lahore_Real_Estate 0 3,544 11-30-2010 05:22 PM
Last Post: Lahore_Real_Estate

Forum Jump:


User(s) browsing this thread: 1 Guest(s)