NEW YORK - In a sign of the times, the National Debt Clock in New York City has run out of digits to record the growing figure.
As a short-term fix, the digital dollar sign on the billboard-style clock near Times Square has been switched to a figure — the "1" in $10 trillion. It's marking the federal government's current debt at about $10.2 trillion.
The Durst Organization says it plans to update the sign next year by adding two digits. That will make it capable of tracking debt up to a quadrillion dollars.
The late Manhattan real estate developer Seymour Durst put the sign up in 1989 to call attention to what was then a $2.7 trillion debt.
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That is A LOT of DEBT! With the worldwide financial meltdown, I'm getting a bit nervous. I think we better keep our money in Maybank or CIMB. At least these banks will be supported by the Malaysian Government. Can you guarantee that your money kept in banks like Public Bank, RHB Bank, Alliance bank will be safe? In Europe, famous banks are closing down! These are terrible times!
foongpc, yeah there is panic world wide. Hope this panic will be over soon.