Word: multibillion
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...took steps to make his budget more transparent, a point his team never tires of pointing out. He included items that President George W. Bush did not to obscure the true operating cost of the government, such as the money for the wars in Iraq and Afghanistan, an annual multibillion-dollar fix of the fees that Medicare pays physicians and Alternative Minimum Tax relief for the middle class. "At least the budget that the Obama Administration presented, even though it's huge and it's a huge deficit - and that enables the other team to beat...
...ceiling windows in our room at the new Wynn Encore provides a distressingly clear picture of what's going on in Las Vegas these days. To the south, there's a casino project that has ground to a halt, half built, its steel skeleton an outline of a multibillion-dollar dream gone hungry. Across the street, there's a Modernist chapel, a lonely vigil of virtue on the Strip - people seek salvation elsewhere in this town. Look west toward the mountains and you can trace the Vegas real estate developers' dash toward the horizon with building projects...
...Securities and Exchange Commission (SEC) filed charges today against high-flying Houston-based financier R. Allen Stanford for orchestrating what it calls a multibillion-dollar investment fraud of "shocking magnitude...
...find the future of environmentalism. The wealthy capital of the United Arab Emirates is the world's eighth biggest producer of petroleum. But the leaders of Abu Dhabi know--perhaps better than most--that the oil won't last forever, so they have embarked on the Masdar Initiative, a multibillion-dollar push to establish the emirate as a center for clean-technology development and innovation. Those plans include Masdar City, designed by British architect Norman Foster, as well as a $250 million clean-tech investment fund and an energy-engineering school linked with the Massachusetts Institute of Technology...
...U.A.E.) is the world's fifth largest producer of petroleum, and the wealth that oil brings this former fishing village is evident in the foreign luxury cars that choke its highways, running on gas that costs just 45 cents a gallon. But a year ago, the government launched the multibillion-dollar Masdar Initiative, a combination clean-tech investment fund, property developer and renewable-energy start-up, all dedicated to preparing Abu Dhabi for the end of oil and positioning it as an unlikely green leader. (Read TIME's "Heroes of the Environment...