Word: multibillion
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...global economic issues have generated so much vitriol as the Soviet Union's drive to win more of the multibillion-dollar business of hauling seaborne international cargo. Since the early 1970s, the Soviets have raised havoc in international shipping conferences-cartels that fix rates on virtually every commodity and allocate cargoes-by cutting rates from 5% to 69%. They are gaining an ever increasing share of trade on lucrative routes, such as those across the North Atlantic and to and from the Far East and East Africa. On U.S. routes alone, the annual dollar value of Soviet-hauled trade...
...overruled. Blumenthal and Schultze had only marginal influence on the energy and Social Security reform programs, two of the most important projects affecting the economy since the Inauguration. While Schultze has been urging tax cuts, those two programs will hit the economy with a double whammy of multibillion-dollar tax hikes that may halt growth. Officials concede the economic impact of some programs was not sufficiently taken into account but add that only the President can weigh the social as well as economic factors in a decision...
...powerful visitors from the world of oil are due at the White House this week: Saudi Arabia's Crown Prince Fahd and his Harvard-educated Oil Minister, Sheik Ahmed Zaki Yamani. The two Saudis may be able to help answer a multibillion-barrel question that has been troubling Western countries for months: Will the price of oil go up again, further threatening the still fragile recovery from recession, or will fuel costs level off for a while...
Dramatic results are not expected immediately from either of the talks. Still, the gravely important subjects to be discussed at both will help Washington answer a multibillion-dollar question: What does it take to defend America? Facing the Administration in the next year are a series of complicated and costly decisions concerning new weapons systems and force modernization that are likely to determine the military profile of the U.S. through the end of the century. President Carter has said that if it appears "the Soviets are not acting in good faith with us [in the arms talks] and that...
...Hill, Bergland has blamed former Agriculture Secretary Earl Butz's laissez-faire farm policy for putting farmers in peril of a "disastrous cycle of boom and bust." Butz abolished costly Government food stockpiles and deeply slashed the multibillion-dollar farm subsidies established in the Kennedy-Johnson era. At the same time, he launched an aggressive food-export push that has helped boost farmers' incomes...