Word: multibillions
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Dates: during 1980-1989
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...multibillion-dollar scandal during the Reagan years is now front- page news. Where was the Washington press back then? -- Time Inc. will start ENTERTAINMENT WEEKLY...
...Senate Banking Committee also voted to launch its own investigation into HUD operations during the Reagan Administration, joining two House panels already scrutinizing allegations of mismanagement, fraud and influence-peddling at the multibillion-dollar agency...
...complaints from abroad, even though its own environmental movement is still tiny by Western standards. Last month the Japanese government imposed new curbs on ivory imports, surprising and delighting environmentalists worldwide, who fear that the African elephant faces extinction in the wild. Japan is also preparing a new multibillion-yen program of environmental aid for developing countries. Government insiders promise the new emphasis on the environment will bring results. "Once Japan decides to do something, it can move very quickly," says Takashi Kosugi, a Diet member and the leading environmentalist in the ruling Liberal Democratic Party...
Paramount's tender set the stage for a clash of media titans that could lead to months of multibillion-dollar broadsides, legal pyrotechnics and dangerously unpredictable consequences. The Paramount bid came just 2 1/2 weeks before shareholders of Time and Warner Communications were to vote on merging their firms into the world's largest media company, with total revenues of $10 billion. But the sudden strike by Paramount, whose operations include one of Hollywood's top movie-and-TV studios and the giant publishing house Simon & Schuster, disrupted those plans and threatened to provoke a free-for-all in which...
Money laundering is not a crime in Switzerland unless it can be shown that the cash flows from criminal activities. Yet Switzerland is a magnet for money launderers because of its legitimate multibillion-dollar trade in foreign bank notes. As much as 3,000 lbs. of foreign currency arrives daily at Zurich's Kloten airport. Much of the cash represents earnings from tourism, which each country's banks exchange for local currency. Swiss authorities are investigating charges that Lebanese currency dealer Barkev Magharian, 35, and his brother Jean, 44, both of whom are now in custody, took advantage of that...