UPADTE 1-Global military spending hits $1.2 trillion: study
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Global military spending rose 3.5 percent last year to $1.2 trillion as U.S. costs for operations in Iraq and Afghanistan mounted, a European research body said on Monday in an annual study.
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President Bush's defense budget request of $481.4 billion -- an 11 percent boost over last year -- pushes U.S. defense spending to levels not seen since the Reagan-era buildup of the 1980s.
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BEIJING -- As China continues a rapid build-up of its armed forces, it is also investing heavily in educating and training the people who operate the array of sophisticated weapons now in service with the world's biggest military.
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National health spending soared above $2 trillion for the first time in 2006 and has nearly doubled in the last decade.
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President Bush will ask Congress for close to three-quarters of a trillion dollars in defense spending on Monday, including $245 billion to cover the cost of fighting in Iraq and Afghanistan and other elements of the "global war on terror," senior administration officials said yesterday.
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Organized crime may have brought in more than $2 trillion in revenue last year, about twice all the military budgets in the world combined, a report issued Monday said.
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U.S. News & World Report - Spending on advertising in the 2008 presidential election will surpass $800 million, according to an overview released this morning by the campaign media analysis group of New York-based TNS Media Intelligence.
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U.S. spending on prescription drugs, hospital care and other health services is expected to double to $4.1 trillion over the next decade, up from $2.1 trillion in 2006, a government report released on Wednesday found.
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WASHINGTON -- President Bush sent a $2.90 trillion spending plan to a Democratic-controlled Congress on Monday, proposing a big increase in military spending, including billions more to fight the war in Iraq, while squeezing the rest of government to meet his goal of eliminating the deficit in five...
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Britain's 20 biggest military procurement projects ran 1.7 billion pounds (3.2 billion dollars, 2.5 billion euros) overbudget in 2003, the National Audit Office said.
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A. $2.1 trillion B. $920 billion C. $230 billion D. $100 billion A. $2.1 trillion is not correct. While more than 5 billion people live in the developing world, the total aid given to help their development last year was considerably less than $2.1 trillion.
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Recent increases in defense spending by Brazil and Venezuela are attracting observers' attention.
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Spending may increase 25 percent next year, pushing total costs for Iraq and Afghanistan to over $200 billion.
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President George W. Bush will seek $140.7 billion on Monday for the U.S. Army in fiscal 2009, including increased funds to buy helicopters and other equipment, according to budget documents obtained by Reuters.
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The Pentagonâs proposed budget of $515.4 billion represents the highest annual military spending, when adjusted for inflation, since World War II.
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The value of all weapons deals worldwide was more than $25.6 billion in 2003, the third consecutive year of decline.
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Lockheed Martin Corp. and Northrop Grumman Corp. would bear the brunt of proposed cuts in U.S. weapons purchases totaling $30 billion over the next six years, according to the summary from a Pentagon budget document made available to Reuters Monday. -Reuters