Word: billion-plus
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...NATO allies last spring, defense spending will rise 3% in real terms, to $125.8 billion in fiscal 1980. Much of the increase will go for strengthening U.S. forces in Europe as well as for upgrading the nation's strategic arsenal of nuclear-equipped missiles, planes and submarines in order to improve the Administration's bargaining stance in the current SALT talks with the Soviet Union. Carter proposes, for example, to order the eighth submarine in the $21 billion-plus Trident program, in which costs have been shooting out of sight. He also calls for spending $237.5 million...
...strengthen Airbus as a Boeing competitor-if the British are allowed in. But the French threaten to freeze them out if Britain goes ahead with the Boeing deal. While it must find some other builder for its wings, Boeing can rejoice in having emerged from the dogfight with $1 billion-plus in orders-enough to assure the 757 a zooming sales takeoff...
Reduce the Budget. President Carter emptily claims that his budget for the next fiscal year is "tight," although it has soared since 1974 from less than $270 billion to more than $500 billion, and the planned deficit will run an inflationary $60 billion-plus for the second straight year. With the economy rising and unemployment falling, even Treasury Secretary W. Michael Blumenthal and the rest of Carter's closest economic advisers believe that the deficit should be contained. Wisconsin Democrat William Proxmire, one of the Senate's best economic thinkers, argues that the budget should be shrunk...
...divorce case. But this month Felter's courtroom has become center stage for more than 200 top corporate, international and antitrust lawyers. By a quirk of jurisdiction, Felter is presiding over one of the largest and most complex corporate lawsuits ever filed in an American court-a $2 billion-plus action by a New Mexico uranium mining company, United Nuclear Corp., against General Atomic Co., a 50%-owned subsidiary of Gulf Oil Corp., for fraud, coercion and breaches of the nation's antitrust laws...
...Mall in Albany, N.Y., demonstrates just how well ancient traditions can still serve architecture if the will (and the cash) is forthcoming. Architect Wallace K. Harrison, looking for a way to animate the plaza in designing the huge $1 billion-plus complex, went back to the idea of reflecting pools. And what reflecting pools they are! The largest is six hundred feet long and it sits in a park atop garages and a shopping mall. In winter part of it is frozen for skaters. Says Harrison: "It changes the feeling of the whole city of Albany...