Word: multibillions
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...rich, it must slash into defense (where Bush has vowed to pursue plans for new carrier battle groups and nuclear missiles) and into middle-class entitlement programs like Social Security and farm subsidies (which Bush has promised to protect). As President, Bush will also face urgent new multibillion-dollar spending requirements to salvage the bankrupt savings and loan industry and rebuild the nation's defective nuclear-fuels plants. As a practical matter, his "kinder, gentler" promises for better funding of child care, national parks and college-tuition programs may have to wait...
McCarty has high hopes for the industry: "It's the beginning of a multibillion-dollar wave of information-providing services, all funneled through your personal phone." Those who want to follow his example can get a primer by dialing a New York City phone number, 540-4540. The message: how to start your own dial-up service...
...export drive has stripped grocery shelves of staples, making Rumania the only country in Europe where hunger is widespread and malnutrition on the rise. As beggars panhandle on Bucharest's crumbling sidewalks, welding torches glow night and day at the site of a monumental government complex, part of a multibillion-dollar "modernization" program that has already flattened almost half the capital's centuries-old historic district. In the meantime, Ceausescu feeds his ego with the only officially sanctioned personality cult in the East bloc. Says a Western diplomat in Bucharest: "The situation before was terrible, but now it is surrealistic...
...loan associations are racked by troubles in the farm belt, depressed conditions in the oil patch and unwise real estate ventures all over the country. While the large majority are solidly in the black, the weakest institutions are in such bad shape that they threaten to exhaust the multibillion-dollar Government insurance funds that protect depositors. If that happens, taxpayers will have to come to the rescue. Federal regulators are confident they can clean up the mess before it overwhelms the financial system, but if the U.S. falls into a recession in the next year or two, the problems...
Cable companies, which oppose the FCC proposal, argue that phone users would be forced to subsidize the multibillion-dollar cost of installing wires able to carry both voice and video signals. The possible result: higher phone bills...