Russian infrastructure needs a trillion dollars

A trillion dollars sounds like a lot of money, but by American economist Joseph Stiglitz's estimates, it only buys you one-third of a war in Iraq and Afghanistan. A trillion dollars also buys you 3,000 Bear Stearns (that's entire firms, not shares), but where would you store them all?President Vladimir Putin announced late in 2007 that Russia needs to spend $1 trillion on upgrading its dilapidated, Soviet-era infrastructure. That bill will be paid for by private and public money. The …