Word: multibillion
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Although companies like the Horchow Collection and L.L. Bean may not be in the same class with multibillion-dollar Sears, they have joined the giant retailer among the biggest names in cataloguing. Horchow's line of luxury items will roll up an estimated $40 million in sales this year, and L.L. Bean's collection of popular outdoor gear will likely enjoy revenues of $165 million. But catalogues have also become a way for ambitious business people to get started in retailing, and success stories abound...
Treasury officials say the changes are needed to boost business investment; critics complain that the provisions amount to little more than a multibillion-dollar federal giveaway...
...Saudis should understand that Israel's many supporters in the U.S. are not all American Jews. They comprise a broad cross section of Americans who are concerned not only with the Soviet threat but with the implications of selling a multibillion-dollar arms package to a country that in 1980 declared holy war against Israel. The Israeli lobby will never get my vote, but the Israeli people shall always have my support...
During last year's presidential campaign, Reagan said that he would scrap the Synthetic Fuels Corporation that the Carter Administration had designed to administer the multibillion-dollar program. Once in office, Reagan fired John Sawhill, Carter's nominee to head the corporation, but he decided to keep the agency alive. In Sawhill's place, Reagan appointed Edward Noble, an Oklahoma oilman who is skeptical about synfuels. Says Noble: "I have come to run a very hard-nosed, responsible operation that will require a lot from the private sector. I am not going to shoot the mule that...
Whatever the decision, it is certain to touch off a loud postrecess wrangle in Congress, which must put up the money ?perhaps $100 billion eventually. But that multibillion-dollar controversy will be only the first in a long series of tormenting decisions that will involve nearly every aspect of the Administration's plan to commit a staggering $1.5 trillion over the next five years to the biggest peacetime military buildup in U.S. history. Additional arguments are in immediate prospect, or already in progress, about everything from the size of aircraft carriers to the size of pay raises for Army...