Word: billioned
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Dates: during 1960-1969
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Costin said that a government corporation is needed to handle the yearly increase of two billion pieces of mail. "We must plan ahead," he added. "We were told years ago about air and water pollution, and we didn't listen...
...marketing organization, but it has not had access to enough crude oil to permit expansion. So the companies .agreed to have Sohio take over BP's U.S. marketing, with BP supplying Alaskan crude and ultimately acquiring a 54% interest in Sohio for a price of about $1 billion. The ingenious deal, like BP's earlier purchase of the Sinclair stations, will not require the British company to lay out a shilling now; the price is to be financed largely out of BP's eventual revenues from the sale of Alaskan crude. The combination would create a company...
...modern industrial corporations or to deal with foreign investors on anything like equal terms. Lately, the government has concluded that Israel's future security depends almost as much on a strong economy as on a tough army. Last year the gross national product increased 13%, to $4 billion, and overall investment shot up 44%. Suddenly, skilled managers were very much in demand to help guide that growth...
...Last year the world's largest underwriting group for general insurance closed the books on 1965-three years are needed to settle claims-and reported a $91 million loss. Lloyd's last month announced a $44 million loss for 1966, despite a record income of $1.3 billion in premiums...
Finding out so much in so many places costs $4 billion a year, Tully estimates, and involves 60,000 people. The CIA is not even the largest (or most expensive) spy shop, according to Tully. That honor falls to the National Security Agency, which takes care of both making and breaking cryptology codes on a budget twice that of the CIA's. Why is so much effort necessary? Tully is not sure that it is. Even if it is accepted that the U.S. should secret-police the world, there is obviously much wasteful duplication among the agencies. Tully...