Word: multibillions
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Dates: during 1980-1989
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...chain of financial command in Saudi Arabia is short and autocratic. On multibillion-dollar investments, Crown Prince Fahd, who oversees most government matters for King Khalid, makes the final decision. For medium-scale transactions of a billion or two, Finance Minister Mohammed Ali Abdul Khail can give the approval. In deals involving no more than a mere $500 million, SAMA Governor Quraishi is empowered to act entirely...
...Many American ports, including Hampton Roads, Baltimore, New Orleans and Mobile, need to be dredged to the 55-ft. depth required by the supercolliers. But congressional appropriations for these projects have been held up for years, while lawmakers wrangle about which port should be first and worry about the multibillion-dollar price...
...issue of military security. To Israeli government officials, the Sinai has above all been a strategic early-warning zone, affording precious time to react to any military moves against Israel's western border. Most of all, they are preparing to mourn the loss next year of two multibillion-dollar air force bases at Eitam and Etzion. The supersecret and formidably protected Etzion field is described by U.S. experts as "the finest tactical fighter base in the world." During the 1973 October War, Israeli Mirage interceptors scrambled from the field to win 42 aerial dogfights without a loss...
...boxing promoters and a key accomplice inside the bank had pulled off a colossal $21 million embezzlement. The alleged sting was by far the largest computer bank fraud in history and raised some troubling questions: How could such an unlikely ring of conspicuous sports personalities so easily rob a multibillion-dollar bank? How vulnerable is the banking industry to a wave of similar computer capers now that punch cards and print-outs have replaced ledger books...
...help be a little irritated by that," he admits. "You say to yourself: 'How intelligent are the people who are writing this? Do they lack the intelligence to take a look at a state that is the size of California that was run successfully for eight years-a multibillion-dollar business?' I was intelligent enough to surround myself myself as Governor with the kind of expertise and the kind of people who could make these things happen." He has a point. His administration of California was competent, and he did not let ideological principles prevent him from doing...