Word: multibillions
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Since last summer, a flurry of crushing financial blows has turned an already brutal culling process into a full-scale rout. The airlines were loaded with debt after a decade of mergers, frantic expansion and multibillion-dollar orders for new aircraft. The approach of the gulf war brought a sharp run-up in oil prices, adding $2 billion, or 12.5%, to the industry's jet-fuel costs. Then, in a desperate bid to fill seats as the recession deepened and war jitters sidelined travelers, U.S. airlines slashed fares. By last April, 95% of all U.S. air passengers were traveling...
...What about Mission to Planet Earth, another multibillion-dollar NASA project? Will Congress take aim at this expensive venture...
...place all clergy "under the obligation to abstain from sexual relations outside of Holy Matrimony." Observes Frey: "Many of us believe that the sexual revolution has run its course, leaving in its wake thousands of broken marriages, a sharp rise in teenage pregnancies, millions of convenience- motivated abortions, a multibillion-dollar pornography industry and a mushrooming AIDS epidemic. What could be better news than the proclamation that there is a better way?" Bishop Hunt predicts a close vote...
...most complex and secretive banking networks ever developed. As a result, his market includes tax avoiders, intelligence agencies, political bribers, arms dealers, narcotics traffickers and national leaders bent on looting their countries (Manuel Noriega was a customer). Former B.C.C.I. bankers estimate that 15% to 20% of B.C.C.I.'s multibillion-dollar cash flow involved flight capital -- "unofficial money," as they prefer to call...
Similar offensives by the supporters of multibillion-dollar programs like the Stealth bomber and the Strategic Defense Initiative are getting under way. Everyone with a favorite weapons program, whether a member of Congress or a general, points to the gulf war as justification. Last week, for example, Democratic and Republican representatives from New York and Pennsylvania joined forces to order continued production of the F-14 Tomcat, a carrier- based interceptor Cheney says the Navy has in sufficient quantity. Price tag for the congressionally ordered continuation: $987 million...