Word: multibillions
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...terrors of 2001 have made the world more risk-averse in other ways as well. Fear of flying brought a drop in air travel, prompting multibillion-dollar bailouts and causing a slump in tourism. This year more struggling airlines are likely to go out of business. The drop in the Dow is another symptom of risk avoidance; we feel safer putting our money under the mattress than putting it in the stock market. Even the entertainment industry is taking no chances, which means more of the same on stage and screen: sequels to sequels to sequels, including the next installment...
...multibillion-dollar opportunity," says Lionbridge CEO Rory Cowan, whose firm, based in Waltham, Mass., is growing at a 30% annual clip. IBM, he points out, runs tech-support websites for laptop users in 22 languages, and much of the translation is done by Lionbridge. The cost benefit to Big Blue: reduced staffing at call centers. "They're probably saving $20 million to $30 million a year," he says...
...from 1932 to 1953. The King asked bin Laden to rebuild the sacred city of Mecca, and ever since, the bin Ladens have been responsible for construction in Mecca and Medina. After Mohammed's death in a plane crash in 1967, his sons built Saudi BinLaden Group into a multibillion-dollar enterprise. Recent ventures include building a freeway around Riyadh, expanding King Khaled Airport and constructing a base for U.S. troops. According to the Wall Street Journal, the family has invested $2 million in an investment fund run by the Carlyle Group, a merchant bank specializing in buyouts of defense...
...realized the futility of incremental improvements to its transportation infrastructure. Instead of adding a lane here and a new on-ramp there, Boston is completely scrapping and rebuilding its infrastructure, putting vast new roads underground and building new bridges and tunnels as well. The community paid for the multibillion dollar project using public funds from the state, local and federal levels and had to overcome a lot of not-in-my-backyard (NIMBY) opposition to get it done. The result, when completed, will be an infrastructure that provides ease of access and quality of life benefits unmatched by any city...
...course, be a welcome way to avoid the buildup of fat and keep off extra pounds. But there are few if any studies in the scientific literature showing that these products can do this effectively or safely. Even so, thanks to a marketing blitz, the supplements have become a multibillion-dollar industry...