Word: multibillion
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...Salinas affair has obviously embarrassed Citibank, a proud institution widely admired around the world. But the affair has done more: it has opened a door on the multibillion-dollar profits and potential pitfalls that beckon in a slice of the global banking business little known to the general public--a slice of the business that is growing rapidly, and for which Citigroup and its giant international rivals are competing ferociously...
...their minds: What happens the day after Saddam offers a last-minute capitulation? And that is exactly what he did, again taking the international community to the edge of military conflict, then seeking to weasel out in a flurry of paper diplomacy. The U.S. had again massed a multibillion-dollar armada in the Persian Gulf only to have Saddam stall its war machine with a sudden change of heart...
...Bush's success on the subject stands in stark contrast to the dismal record of his party's fallen Washington leaders. Congressional Republicans have backed away from their disastrous plan to abolish the federal Department of Education, and some took strange pride recently in blocking Bill Clinton's multibillion-dollar public-school construction plan. They have remained wedded to conservative shibboleths like education savings accounts and private-school vouchers, which have little appeal to the 89% of Americans who send their children to public schools. Says Ravitch: "Bush is so far ahead of the national party that the people...
...phone just slightly larger than the one you carry now? How much of a premium would you be willing to pay for such convenience? Two American-based firms with a list of global backers that reads like a high-tech Who's Who are rolling the dice in a multibillion-dollar gamble that they can answer those questions. In their effort to find that new plateau in communications, however, they're off to a rocky start...
...entire coast from Texas through Virginia. Like compulsive gamblers betting the mortgage, Americans have pressed their luck to the limit. There has been so much development on barrier islands and beaches along the Atlantic and Gulf coasts, researchers say, that a hurricane of even modest intensity can cause a multibillion-dollar disaster. In Florida the value of insured coastal property rose from $566 billion in 1988 to $1 trillion in 1995. Consider Pinellas County, Fla. The last hurricane struck there in 1921, when the county had 28,000 people. Today Pinellas County has nearly 870,000 people...