Word: billions
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Dates: during 1970-1979
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...Homestake contribution could be encompassed in a solid gold cube 12 ft. to a side, worth at present prices about $10 billion. But at Homestake, the road to El Dorado is mostly dark, deep, hot and dirty. The gold keeps getting harder to find and the tunnels and shafts grow deeper and longer. There are now 250 miles of underground cart tracks, and some shafts plunge so deep toward the earth's molten core that the temperature reaches 135° F. Expenses go on rising. It now costs $200 to extract each ounce of Homestake gold. That is high...
...spend it differently: less for defense, more for domestic social programs. He said he would remove both the new aircraft carrier and the MX missile from the fiscal 1980 budget. Though he remained committed to his national health insurance plan, he claimed that it would cost an additional $28.6 billion a year, while his critics contended that the price tag would be closer to $45 billion. Kennedy also favored eliminating what he calls "tax expenditures"; that is, tax breaks for various groups. He would abolish deductions for such business expenses as first-class airfare...
...directors with black lines through the company boards they have been forced to leave. He grins sheepishly and says, "We're isolating the company pretty well." The forced exile of Stevens directors began in March 1978 when labor unions, backed by the ACTWU, threatened to withdraw more than $1 billion in pension funds from Man Hanny unless it dumped two of its directors that were also on the Stevens board. Four months later the bank accepted the resignation of Stevens Chairmen James D. Finley and David W. Mitchell. About his resignation Finley said wryly, "You don't stay where...
...appointments are a sign of the success of the corporate campaign. Corporate leaders are increasingly reluctant to be associated with Stevens, he asserts. In fact, Rogers says the major reason Man Hanny accepted the resignations of Finley and Mitchell was not because it feared the loss of over $1 billion in labor pension funds, but rather because it feared its reputation would be tarnished if it were publicly linked with J.P. Stevens. Banks are especially vulnerable to the corporate campaign, Rogers says, because their success depends on their public images and because "what they control they...
...fleeing France in 1940, Meyer became senior partner at the firm's Manhattan headquarters in 1944 and turned a cautious house into a corporate merger machine instrumental in the making of such giants as RCA and ITT. A compulsive worker, he amassed a fortune estimated at half a billion dollars, became an adviser to Presidents Kennedy and Johnson and gave millions to New York's Metropolitan Museum...