Word: billion
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Dates: during 1940-1949
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...railroads did not know how to buck the trend, as long as labor costs kept rising and income dropping. Since 1939, railroad freight rates had been increased 57%. All told, the railroads will collect an estimated $3 billion more a year for freight hauling than under the 1939 rates. Meanwhile wages have been boosted 86% -and next month's reduction of the work week from 48 to 40 hours will cost another $380 million a year...
...midnight Boykin's guests had drunk, eaten and spoken their fill. Boykin happily picked up the tab-about $16,000 -and shook his big head in wonderment. "Think of it, by God," he thundered. "Over a billion people represented right here in one hall. I doubt if there's ever been anything like...
...abandoned Britain and signed a treaty with Russia reaffirming the Yalta and Potsdam deals, 2) agreed to return all of Germany to four-power control (i.e., a Soviet veto), 3) granted "generous" reparations to Russia, 4) resumed normal trade with Russia and sparked it off with a $2 billion loan...
...ease credit further. It cut bank reserve requirements again, thus freeing $1.8 billion more for lending. This was FRB's fifth step in as many months to combat deflation...
Warren had found "excessive" payments of $11.5 million in 1,114 cases (12.1%) out of 9,195 contract settlements audited. This was only "a small sampling," and he could not "hazard a guess as to the entire extent of fraud and overpayment" in some $300 billion of war contracts. Even so, it was "a shocking situation." In some instances, said Warren, 20% of the contract price had been 'kicked back" to Government officials, 'either directly, through their relatives, or through dummy corporations" owned by the Government officials. Other sample cases...