To benefit from this megatrend, Cisco (CISCO) has spent billions on acquisitions, such as for Tandberg.
So, besides all those eye-catching headlines, why are we wasting billions on the TSA?
Spurred by Friend, Merck has spent billions on an arsenal of technologies for understanding how genes work.
We as taxpayers are now spending billions on airport security and other intelligence to keep us safe.
Companies invest billions on marketing, and millions on searching for the right agency to manage the billions.
Is there any wonder we are squandering billions on treatments that provide little value for the money?
Given that few countries have spare billions on hand, much of what has been promised is loans.
So how can companies avoid tossing away billions on medicines that won't work?
Similarly, Cambodia promised never to subsidise agriculture, even though America and Europe spend billions on farm subsidies every year.
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And they seem more interested in obtaining U.S. Army patrols than in spending billions on high-tech services and equipment.
It is cheaper than spending billions on trial and error development when you can just steal the data instead.
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Though it spent billions on Chernobyl, it simply abandoned vast amounts of contaminated land making them into exclusions zones.
Even providers such as Kaiser who have spent billions on healthIT started with the basics to get patient engagement rolling.
Iraq is happily adding 72, 000 soldiers to its army (currently around 300, 000 strong) this year, while spending billions on new equipment.
Sir Rod advised using relatively small sums of money to alleviate individual transport bottlenecks, rather than blowing billions on grands projets.
But when the economy worsened legislators did what comes naturally, voting to spend billions on extra aid without regard to the law.
More dams are to come, as India's need to power its economy means it is quietly spending billions on hydropower in Kashmir.
Yet, tempting as it is to blow the Buffett billions on bolstering these programmes, research also has a claim on the pot.
People spend billions on these things, yet our waistlines continue to grow.
The big banks have hundreds of billions on deposit with the Fed.
He wasted billions on Ziff-Davis, which he is now trying to sell.
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"God forbid we can spend billions on the project and not give the property owners a dime, " said the Karans' attorney, Peter Wegener.
UBS's Schachter warns that Google may even have to threaten to spend billions on its own wireless spectrum to get the carriers in line.
It is dumb to spend hundreds of billions on stimulus and rescue plans and then proceed to raise questions about whether they will work.
General Motors has also spent billions on technical, design and development facilities across China, including a joint advanced technical center and proving grounds outside Shanghai.
The biggest firms spend billions on their massive fiber infrastructures, and it is simply good business to pass along costs and earn a respectable return.
The problem in Japan is that its banks have traditionally lent billions on the security of a bow and, often, a promise of political loyalty.
Forced by regulators to shrink after losing tens of billions on collateralised-debt obligations, it is well on the way to shedding 40% of its assets.
CIOs want to spend less, and certainly not get stuck in the kind of long-term, big-dollar contracts that Oracle historically has made its billions on.
The country has also launched a huge spending policy in recent years to accommodate its growing population, splashing out billions on rail, air and road links.
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