Word: multibillions
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Last week Eastman Kodak Co., the world's largest supplier of photographic equipment to the multibillion dollar amateur market, took a giant step toward the elimination of misbegotten pictures. The company's solution is a compact new camera called Disc. Said Modern Photography Contributing Editor David Eisendrath after trying the photo mite: "It is virtually idiot proof...
...multibillion-dollar standards of the international arms trade, the deal that came to light last week was almost unworthy of notice. The Socialist government of French President Francois Mitterrand had quietly agreed to sell $17.5 million worth of "nonoffensive" military equipment to the Marxist-dominated Sandinista government of Nicaragua. The items: two patrol boats, two Alouette III helicopters and 15 trucks. Paris also contracted to train a dozen Nicaraguan pilots and an equal number of sailors in the use of the equipment. Yet when word of the deal reached Washington, both Secretary of State Alexander Haig and Defense Secretary Caspar...
...market that holds enormous promise for the other. Since the '60s, the once distinct worlds of data processing and communications have increasingly fused together into a vast new megamarket. Computers a continent apart communicate with each other over telephone lines and via satellite transmissions. Meanwhile, the elaborate multibillion-dollar telephone networks that make such communications possible have grown dependent on computers to function...
Some 500 Western banks and the Polish government last week were playing a multibillion-dollar game of financial chicken. On the one side, some American and European financiers contemplated seizing Polish bank accounts, ships or airliners if the Warsaw government fails to make a $500 million interest payment by the end of the year. If just one of the banks started to grab Polish assets, it could set off a dash for cash that would threaten the stability of international banking by calling down an avalanche of lawsuits, tightening credit around the world, and perhaps causing some financial failures...
...other, they have no wish to intervene themselves, lest this cause trouble elsewhere in Eastern Europe, alienate the governments and Communist parties of Western Europe, break the Soviet-U.S. arms negotiations, and lead to a cancellation of Western trade. They are well aware, for example, that the multibillion-dollar natural gas pipeline deal they signed with West Germany this fall probably could not survive a Soviet invasion of Poland...