Word: multibillions
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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...
...could be the most momentous national-security decision that George Bush ever makes. In early April the President must choose a multibillion-dollar plan for modernizing the nation's land-based intercontinental ballistic missiles. Though dozens of basing modes and several new missiles have been considered, only two expensive mobile missile systems are really in the running: the rail-carried, multiwarhead MX and the truck-transported, single- warhead Midgetman. Bush's wisest course might be to deploy neither...
...maverick chairman, Charles Knapp, furiously pumped up the company's growth with brokered deposits and high-risk loans. When the thrift suffered a run on deposits in 1984, the Federal Home Loan Bank Board seized American and installed fresh management. But the new team gambled and failed in a multibillion-dollar investment in mortgage-backed securities. When the Bank Board went looking for help again, it eventually decided to grant exclusive bargaining rights to the Robert M. Bass Group, which had already taken over such properties as the Westin hotel chain and Bell & Howell...
First, there is the cult of the body, whose origins extend to the physical fitness craze of the last decade, but since then it has hypertrophied into a multibillion-dollar industry of fad diets and workouts, swank running shoes and high-tech exercise equipment. Who has not known someone whose motto is "no pain, no gain" or someone who scrutinizes their muscles for their tone...
Specifically, he said, Mitchell could beexpected to press for action on acid rain,affordable housing and other issues of concern tothe region. Carpman also said Mitchell appreciatedthe significance of the multibillion-dollarCentral Artery and Harbor Tunnel project...