Word: billion-plus
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Spurred on by Montreal, San Francisco is making an all-out effort to have good design the hallmark of its $1 billion-plus Bay Area Rapid Transit system, now under construction. About one-third of the 75-mile system will be underground, and Market and Mission streets are already being excavated. What San Franciscans will ride in when B.A.R.T. begins operations in 1970 is the latest in trains: streamlined, air-conditioned, 72-passenger cars that will average 50 m.p.h., with bursts up to 80 m.p.h., and will be directed by computers to run as close as 90 seconds apart during...
...Washington will furnish the muscle and the money for the nation's vast social progress while local officials expend their energy and ingenuity on making the programs work. So far, the Administration's most imaginative plan based totally on the concept of creative federalism is the $1 billion-plus Demonstration Cities program. It calls for the award of funds to municipalities that produce the most compelling plans for solving their own urban crises...
...awarding the TFX (now F-lll) fighter to General Dynamics in 1962 and the giant C-5A cargo plane to Lockheed last year. Boeing's massive research and development program should help it to capture a bigger share of aerospace and defense work. Among the potential $1 billion-plus projects up for grabs: the AMSA (advanced manned strategic aircraft) bomber project...
...vote of 263 to 153, the House last week passed and sent to the Senate one of the key programs of the Great Society: President Johnson's $1.3 billion education bill to provide federal aid to primary and secondary schools. The measure would grant $100 million for textbooks and library books, $100 million for supplemental education centers such as labmobiles, and $1 billion-plus for public school districts to spend as they see fit. For a district to qualify, 3% or more of its pupils would have to be "needy" (from families with less than $2,000 income)-which...
...dollars aggravated the Continent's inflation, are now warning that the cutback raises the danger of deflation. The Swiss franc and the French franc have weakened in relation to the dollar on international money markets, and the short-term lending rate for Euro-dollars-the $5 billion-plus hoard of dollars that is circulated by Europe's banks-has jumped from 41% to 5% as borrowers scramble for funds to finance expansion. In Australia, where the Sydney stock market suffered its sharpest fall in four years as a result of the curbs on dollars, Prime Minister Sir Robert...