Word: multibillions
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...What China will likely not do is buy direct stakes in troubled banks, says economist Arthur Kroeber of Beijing-based Dragonomics consultants. "They have been burned already and will be very cautious," Kroeber says, referring to previous multibillion-dollar investments in companies like Blackstone and Morgan Stanley that have plunged in value. On Oct. 6, Ping An, one of China's largest insurance companies, announced it was forced to take a $2.3 billion write-off on an investment it made in the ailing Dutch-Belgian financial giant Fortis...
...trillions of cubic feet of natural gas that shares space beneath the ice with all those oil deposits. Gas is less profitable than oil and much harder to move to market. The majors could afford to wait until the economics of gas were more favorable before embarking on a multibillion-dollar pipeline project. But many Alaskans, accustomed to annual oil royalties, didn't want to wait on gas any longer. Nor did they want the Big Three to own the gas pipeline the way the majors owned the oil pipeline--or rig the tax bills they paid the state...
...Harvard students still paying tuition when Harvard is seeing multibillion-dollar returns on its endowment?” asks the Facebook group page for Edward “Ned” L. Monahan ’12. The Facebook platform for Seth A. Pearce ’12 proposes “Student oversight on Harvard’s investments and shareholder votes,” as well as “supporting not only students, but also Harvard employees, and the residents of Cambridge and Allston-Brighton...
...reclaimed ice-skating rink in Palm Beach Gardens, Fla.--and proudly displays a postage-stamp-size bit of translucent gray film that looks like debris from a darkroom floor. It is the heart of a new machine that he says will revolutionize the global financial system, bring the multibillion identity-theft racket to a halt and make teenagers behave in cars...
...like the global, multibillion-dollar version of trying to get into a prestigious university or a coveted sorority or on a segment of Who'll Marry a Planetary Billionaire? And once you're admitted, you risk everything you have (Montreal finished paying for hosting the 1976 Summer Games only in 2006) in the hope of securing a windfall that will put you on the economic and geopolitical map forever. You bring in TV crews from almost 200 countries, 100,000 security guards, doping-control officers and almost three times as many volunteers as there are citizens of Monaco ... all this...