Word: multibillions
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When lawyers in the Pennzoil-Texaco multibillion-dollar battle turned to the Texas Supreme Court, they were not approaching strangers. Since 1980 Houston Attorney Joseph Jamail and his firm, Pennzoil's victorious counsel, doled out $248,000 in campaign contributions to the justices. As for Russell McMains, Texaco's chief appellate lawyer in Texas, he has donated some $40,000 to members of the high bench, and his former Corpus Christi firm gave $150,000 more. Such cozy bench-polishing tactics are not illegal, since Texas is one of only nine states where virtually all judges are chosen in partisan...
...time cost-of-living freeze on Social Security. But with the hiring of tough-talking Lobbyist Jack Carlson as executive director, the group began to harden its stance, partly to prevent other organizations of the elderly from stealing the thunder. Next on AARP's agenda: a multibillion-dollar proposal for federal insurance to cover long- term at-home or nursing-home care. While other lobbies are often content with dumping a blizzard of preprinted postcards on Capitol Hill, AARP members tend to write their own letters. "AARP is the equivalent of an 800-lb. gorilla," says Congressman Hal Daub...
Despite the plethora of poorly designed and shabbily constructed buildings, there have been some intriguing additions. The most stunning development project in London, indeed in Western Europe, is the multibillion-dollar regeneration of the Docklands, the decayed wharf district along the River Thames in the City's east end. Today the government-sponsored project boasts attractive apartments and offices, and even an airport...
...White House of an end to be achieved in the Gulf, or of a recalulcation of our reason for being there in light of the evidence that our presence seems to be helping the Iranians. And our forces in the area are sadly ill-suited for their job: multibillion dollar supercarriers and their escorts are not quite what you want chasing down Revolutionary Guards in glorified Boston Whalers...
...roughly $500 per sq. ft. Those prices are still a bargain compared with costs in Tokyo, where office towers sell for an astronomical $20,000 or more per sq. ft. -- on those rare occasions when anything comes up for sale. Says Shigeru Kobayashi, owner of Japan's multibillion-dollar Shuwa real estate empire: "Bond buyers are holding paper, but I have buildings and land. That's the future." Kobayashi's son Takashi, head of the family firm's U.S. subsidiary, controls 26 U.S. buildings worth some $2 billion. Among them: the ARCO Plaza in Los Angeles (bought for $620 million...