Word: billions
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Dates: during 1970-1979
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...wake of the furor over investment ethics, these thousands of dull financial decisions--each insignificant in itself--add up to a carefully plotted course for the University's future. Conservatism, stability and more stability are ever behind the choices the Corporation makes. Although Harvard's phenomenal $1.4 billion endowment--nearly twice as large as Yale's the nearest competitor--looks like a sturdy nest egg to envious officials of other universities, Corporation members see only inflation and recession eating away at it. A gargantuan $250 million fund drive will kick off this fall to shore up the endowment so they...
America's oil shale, which is estimated to contain about 75 billion bbl. of recoverable crude, is also concentrated in the region. Elaborate pilot projects to get the oil are planned by Occidental Petroleum in western Colorado and Union Oil in southeastern Wyoming. The investment would be hefty-$120 million for Union's 20,000-acre test site designed to produce 9,000 bbl. daily-but there is a strong chance that Congress will approve a $3 tax credit for each barrel produced...
Wyoming's Powder River Basin, a huge treeless ellipse that runs from Casper north to Sheridan, contains an estimated 400 billion metric tons of coal-enough to provide the entire U.S. electricity needs for the next 250 years...
Right after the London meeting, Agriculture Secretary Bob Bergland unwrapped a package of measures intended to bring cheer-and perhaps as much as $1.8 billion in increased income during election year 1980-to the nation's farm lands. Over the next 14 months, the U.S. will sell the Soviets 10 million metric tons of wheat and another 10 million metric tons of corn; the wheat alone is enough to provide every Soviet man, woman and child with almost 100 1-lb. loaves...
...nation's best, and turned its parent Times Mirror Co. into a vast communications empire. Times Mirror owns five other newspapers, two television stations, two cable TV companies, five magazines, three book clubs, seven book-publishing companies and extensive paper and forest holdings. Revenues last year topped $1.4 billion, and David Halberstam in his bestselling The Powers That Be calls the newspaper "a comet in constant ascent...