Word: trillion
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...Soviet Union, of course, is in no danger of economic collapse. Its $8 billion debt to the West is minuscule in a $1.5 trillion economy, and the Russian people throughout history have shown a great ability to live with adversity. Moreover, economic problems have not diminished the Soviets' military power. The armed forces get first call on food, clothing, steel, oil, machinery and technology. But the priority given to the military has left the civilian economy sputtering...
...Postal Service expects to post a $400 million profit this year. Mail orders will generate close to $40 billion in consumer sales, mostly from catalogues. Last year the food category alone accounted for some $465 million in purchases. While the business represents only about 4% of the $1 trillion in sales rung up by U.S. retailers, it is growing by about 15% yearly, five times as fast as over-the-counter retail sales. By 1990, mail sales are expected to account for 20% of all general merchandise sold in the U.S. To an ever increasing number of consumers with neither...
...Banquet House. They were there to hear bids announced for federal lease sales in the Beaufort Sea, which perhaps contains some of the richest untapped deposits of oil and gas in the U.S. The fields are believed to hold as much as 2.3 billion bbl. of oil and 1.8 trillion cu. ft. of natural...
...weeks ago, Helms was unable to choke off a similar filibuster against his bill to ban abortion. The school prayer legislation, like the abortion measure, was attached to a bill raising the national debt ceiling (from $1.143 trillion to $1.29 trillion). But before the Senate could vote on school prayer, Helms and his supporters needed to muster 60 votes to invoke cloture and shut off the talkathon against the bill spearheaded by Republican Lowell Weicker of Connecticut...
...four-hour report to delegates, Chairman Hu declared that China's top priority for the remainder of the century was economic modernization. Brimming with confidence, he called for the quadrupling of China's gross national product to $1.4 trillion by the year 2000. (The U.S.'s current G.N.P.: $2.9 trillion.) Although China's economic system will remain socialist, Hu urged greater reliance on foreign technology and market mechanisms. One capitalistic idea known as the "responsibility system" already allows peasants to increase their pay by doing extra work, and allows farmers to keep or sell production...