Word: billion
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Dates: during 1940-1949
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...slum-clearance program, to which the Government will make a direct contribution of $500 million to help finance local programs, and put up an additional $1 billion in loans...
...much would it all cost? Twenty billion, the beaten real-estate lobby had moaned, only to be called a liar by the President. Not over $10 billion, said Harry Truman. Who was right no one yet knew...
...Savior No other single man in the U.S., including the President, could have done it, but John L. Lewis did. Last week, playing his role as liege lord and savior, he put a $3 billion industry-all of the East's soft-coal mines-on a three-day week...
...selling Fundamental Investors, Inc.: "May was the biggest month in our history and June was almost as big. Last year's business was around $10,000,000; this year we're running at the rate of $12 million." The open-end trust business, combined with the $1.7 billion assets owned by the so-called "closed-end" trusts, is now a $3.2 billion giant...
...alluring? Ball estimated unproved reserves of the new Canadian fields at a whopping 20 billion barrels, contrasted to 5-15 billion barrels in Mexico. Furthermore, Ball saw the $200 million loan sought by Mexico as just a starter. Since Mexico had drilled an average of 35 wells annually in the last ten years, and "it might take 10,000 or more" to develop the fields fully, the eventual cost might run from $2 to $4 billion. The U.S. "cannot afford" to lend that much money, especially since chances are slim that Mexico's monopoly could...