Word: multibillion
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...TIME has obtained an internal Pentagon e-mail sent by an Army Corps of Engineers official--whose name was blacked out by the Pentagon--that raises questions about Cheney's arm's-length policy toward his old employer. Dated March 5, 2003, the email says "action" on a multibillion-dollar Halliburton contract was "coordinated" with Cheney's office. The email says Douglas Feith, a high-ranking Pentagon hawk, got the "authority to execute RIO," or Restore Iraqi Oil, from his boss, who is Deputy Defense Secretary Paul Wolfowitz. RIO is one of several large contracts the U.S. awarded to Halliburton...
...other way. His recently filed 2003 financial-disclosure form reveals that Halliburton last year invoked an insurance policy to indemnify Cheney for what could be steep legal bills "arising from his service" at the company. Past and present Halliburton execs face an array of potentially costly litigation, including multibillion-dollar asbestos claims...
Administration officials say they are cleaning up the nation's 1,240 highest-priority sites as fast as they can. But that will be harder, since the multibillion-dollar industry-paid trust fund, set aside for abandoned sites such as Tar Creek, ran dry in October. The fund was supplied by taxes on the purchase of toxic chemicals and petroleum and on corporate profits above $2 million. But the Republican-led Congress allowed the fees to expire in 1995. Bush is the first President to oppose the levies, and last month Lautenberg and other Senate Democrats lost a narrow vote...
...president of the Harvard Management Company left open yesterday the possibility of moving to external administration of the University’s multibillion-dollar endowment in order to quell growing criticism of fund-manager compensation rates...
Meyer said that the move to spread Harvard’s multibillion-dollar endowment to real estate assets had begun as early...