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** 1 billion m < sup > 3 </ sup > ( 1 milliard m < sup > 3 </ sup > in long scale terminology, one thousand million cubic metres )
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** and billion
** IBM announces a $ 4. 97 billion loss for 1992, the largest single-year corporate loss in United States history to date.
** The funeral of Diana, Princess of Wales, takes place at Westminster Abbey, watched by over 2 billion people worldwide.
** Telecom companies WorldCom and MCI Communications announce a US $ 37 billion merger to form MCI WorldCom ( the largest merger in U. S. history ).
** President Harry Truman signs the Marshall Plan, which authorizes $ 5 billion in aid for 16 countries.
** J. P. Morgan buys mines and steel mills in the United States, marking the first billion dollar business deal.
** The Freddie Mercury Tribute Concert, held at Wembley Stadium, is televised live to over 1 billion people and raises millions of dollars for AIDS research.
** U. S. President Richard Nixon approves legislation to increase Social Security spending by US $ 5. 3 billion.
** While waiting at a bus stop, Ralph Baer an inventor with Sanders Associates, writes a four-page document which lays out the basic principles for creating a video game to be played on a television: the beginning of a multi billion dollar industry.
** The infamous Columbus Day Storm strikes the U. S. Pacific Northwest with wind gusts up to 170 mph ( 270 km / h ); 46 are killed, 11 billion board feet ( 26 million m³ ) of timber is blown down, with $ 230 million U. S. in damages.
** Hurricane Betsy roars ashore near New Orleans, Louisiana with winds of, causing 76 deaths and $ 1. 42 billion in damage.
** World population is estimated to have reached five billion people, according to the United Nations.
** 1 billion Mm³ ( 1 milliard Mm³ in long scale terminology, one thousand million cubic megametres )
** 10 billion Mm³ ( 10 milliard Mm³ in long scale terminology, ten thousand million cubic megametres )
** 100 billion Mm³ ( 100 milliard Mm³ in long scale terminology, one hundred thousand million cubic megametres )
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