Word: biggest
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Dates: during 1960-1969
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...effort to gear for war. At the end of his career, he looked back with justifiable pride on the days when he helped procure everything from Spam to destroyers for Britain, and drafted the Lend-Lease Act. Then he had the tasks of financing the U.S. war effort-the biggest budgets in the nation's history up to that time-and of making plans for postwar measures to restore a viable international monetary system...
Lleras' biggest battle, however, has been to keep Colombia's economy going in the face of price drops not only of coffee but also of Colombia's banana, sugar and cotton exports. In November, the IMF, the World Bank and AID agreed to grant a stand-by loan that would give Colombia time to diversify and lessen its dependence on coffee. But there was a catch: Colombia had to devalue its peso, a move that would be highly unpopular. Lleras flatly refused, stirred up nationalistic fires in Colombians by informing them that "the governing of the nation...
...loan, commercial banks have agreed about what that interest charge should be. Sometimes it has taken a few days; once, in 1958, it took a week for the pacemaking banks to fall in line with a lower rate. But for a fortnight some 40 of the nation's biggest banks have, to their consternation, found themselves in an unexpected battle over "the prime" with Chase Manhattan, New York City's biggest and the nation's second largest bank...
...Gross, who became chairman on the death of his brother Robert in 1961, Lockheed has overcome its troubles of the 1950s, when it was beset by costly flops on a couple of aircraft (Saturn and Constitution) and crashes on others, notably the Electra. As the Defense Department's biggest single contractor five years running, Lockheed has seen its profits increase to more than $51 million (on sales of over $2 billion) last year v. $37,200,000 in 1962. Though disappointed over losing the SST competition to Boeing, the company expects continuing defense demands, diversification into such areas...
...figures make the merger, which will form the world's biggest privately owned railroad (20,000 miles), seem a richer deal than ever-but no less necessary. Central President Alfred E. Perlman complained that his company's profit was still "peanuts." Saunders echoed Perlman's conviction that the merged roads could do a lot better...