Word: multibillions
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...Encouraged by the strongly pro-nuclear Reagan Administration, other utilities ignored the omens and pressed on with plans to expand their generating capacity in expectation that demand would soon come back. Still others kept building nuclear plants on the ground that it was often more economical to complete the multibillion-dollar projects than to abandon them. That assumption sometimes proved erroneous. Constructing nuclear plants has proved very expensive. In the early 1970s, says Charles Komanoff of the New York City-based consulting firm Komanoff Energy Associates, there was little difference in the construction costs of nuclear and coal-burning plants...
...office. In one day in July, he held press conferences in three different cities. Then he talked to the California Round Table, a group of 88 chief executive officers already concerned about educational reform. The Governor began to get letters. "Dear George," wrote J.R. Fluor, head of a multibillion-dollar engineering and construction firm, "I am urging you to reconsider the position you took during your campaign-a position which we all admired at the time-and relent just a bit so that sufficient revenues can be raised to ensure the reform and then the financial support so necessary...
...court in Uniondale, N.Y., last week, Sutton partook of a bittersweet victory. U.S. District Court Judge George C. Pratt ordered the opening of heretofore sealed documents gathered for a multibillion-dollar lawsuit by some 20,000 Viet Nam veterans and their relatives against Dow Chemical and four other companies that manufactured Agent Orange. One of the substances present in the herbicide, used in the Viet Nam War to defoliate enemy crops and jungle hiding places, is the dangerous chemical dioxin. The documents reveal that Dow officials had knowledge even before the mid-1960s that exposure to dioxin might cause people...
...Denver's office glut reflects the collapse of the synfuels industry, which was to have produced high-cost fuels from shale, tar sands and other sources. Dozens of projects have been shelved in the face of falling energy prices. One of the largest was Exxon's multibillion-dollar Colony Shale Oil venture near Parachute, Colo., which was closed a year ago at a cost of 2,100 jobs. Recalls Allen Koeneke, president of the First National Bank in Rifle, Colo. (pop. 3,215), some 17 miles away: "When the news hit, we would have...
...worst unemployment since the Great Depression (12 million jobless) as well as budget deficits that may reach an unprecedented $180 billion in fiscal 1983. High unemployment plagued Western Europe as well, and the multibillion-dollar debts of more than two dozen nations gave international financiers a severe fright. It was also a year in which the first artificial heart began pumping life inside a dying man's chest, a year in which millions cheered the birth of cherubic Prince William Arthur Philip Louis of Britain, and millions more rooted for a wrinkled, turtle-like figure struggling to find...