1.   This moral hazard sent them lending billions to property developers and investing billions in Junk bonds.

2.   He urged U.S. executives to invest billions of dollars in his country.

3.   And billions are being invested in new or upgraded towers using different standards.

4.   And the world will have invested billions in the belated rescue of an ongoing disaster.

5.   Banks, mutual fund companies and investment firms have already invested billions of dollars in new technology and backup systems in the event of any natural disaster.

6.   ----- To some, Africa seems like the last place to invest billions in high technology.

7.   A host of telecom companies are investing billions of dollars in Mexico to offer local phone service, but not all of them will survive.

8.   After investing billions of dollars, Britain and France have turned reprocessing nuclear waste into a large and, for now, profitable industry.

9.   Brokerage houses and mutual funds are deeply engaged in the profitable business of investing the billions building up in retirement accounts.

10.   But after the Pentagon invested billions in it, technical difficulties and the fall of the Soviet Union ended the program.