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Home Publications Blogs Beat the Press Million, Billion, What's the Difference?

Million, Billion, What's the Difference?

Thursday, 22 April 2010 04:53
To Toyota, it would be a big difference. The NYT told readers that: "Toyota also agreed to pay a $16.4 billion fine, one of the heaviest fines imposed on a car manufacturer in the United States, for concealing information related to the recall." The actual fine was $16.4 million. This is equal to approximately 0.1 percent of Toyota's profits in a normal year.
Comments (1)Add Comment
written by izzatzo, April 22, 2010 7:29
Carl Sagan slips by the New York Times,
Beelions and Beelions in fines,
A Beelion here, a Beelion there,
Pretty soon it looks like PetaBeelions

Take a measure from Relative Baker,
Who never misses the chance,
To catch an Absolutist in the act of error,
Gone awry on Beelions of askance.

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About Beat the Press

Dean Baker is co-director of the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, his latest being The End of Loser Liberalism: Making Markets Progressive. Read more about Dean.