Word: billion
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Dates: during 1940-1949
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...grab a larger slice of the dollar market. He proposed two "practical, realizable goals"- a fivefold increase in the number of British firms engaged in exporting to the U.S.; and a threefold increase of British exports to the dollar market (from $600 million to $1.8 billion...
Hoffman pointed out that in 1948 the U.S. had a gross national product of $254 billion. "Just three-tenths of 1% more of that spent on British goods,"he said, "and the dollar gap can be closed . . . First, study carefully what the Americans want. Then make it at prices they are able and willing to pay, and package it to appeal to the American consumer. That is the way to earn dollars...This will take energetic salesmanship as well as cheap production. It is the challenge confronting the business statesmanship of Britain...
...policy next week at the convention of the powerful British Trades Union Congress at Bridlington. Last week he ordered all government bureaus to prepare estimates for a 5% cut in expenditures; if this economy could be carried through it would lop $600 million from the nation's $12 billion budget. Board of Trade President Harold Wilson ordered a 5% slash in some retail textile and footwear prices; this might ease workers' pressure for wage increases...
...British dollar crisis seriously affected Western Europe's hesitant start toward economic integration. In Paris the OEEC (Organization for European Economic Cooperation) sat down to divide up the Marshall Plan dollars for 1949-50. The estimates of irreducible need from each country totaled about $5 billion. Since the U.S. Congress was expected to provide only about $3.7 billion, a working party was set to paring down the estimates. When, with blood almost visibly dripping from the knife, the working party reported, there were cries of pain from Britain. Direly worried about the immediate future,Britain had upped her original...
...Russian-born Hollywood moviemaker (Gregory Ratoff) out of a turbulent French romance (Alexandre Dumas pere's Memoirs of a Physician) about a swaggering 18th Century charlatan (the so-called Count Cagliostro). The film was made entirely in Italy at a cost of $2,000,000 (more than a billion lire). Hollywood...