Word: billion
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Dates: during 1940-1949
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Looking around wildly for some way to save money with a minimum of local political pain, the House Appropriations Committee last week seized on a favorite target: foreign aid. Last week it whacked the European recovery appropriation down $629 million to $4.6 billion, and sliced $150 million out of the $1 billion appropriation for U.S.-occupied areas. Promptly, the alarms sounded...
Some things they wanted to know, Congressmen still felt, were not "relatively trivial." Congress' interest was based on a legitimate preoccupation with how more than $1 billion a year was going to be spent by an agency that was in some respects a law unto itself. Congressmen were baffled by a science too abstruse for them to comprehend. They were baffled by the need for national security on the one hand, the obvious necessity for un-hobbled scientific inquiry on the other. Beyond everything else, they were baffled by the problem of fitting absolute Government control of atomic power...
Presumably, the purpose of unification was to achieve economy and efficiency in the $15 billion-a-year armed services. But one top Administration economist, watching Louis Johnson's roughshod methods, snorted: "He's made two enemies for every dollar he's saved." In nine weeks he had antagonized: the White House (for his tendency to pop off to the press), the Marines (for privately threatening to disband their air arm), the aviation industry (for canceling other contracts in favor of the B-36), the Navy (for a host of bitterly resented indignities...
...Institute's annual convention, Secretary of Commerce Charles Sawyer, Harry Truman's good-will ambassador to U.S. business, brought them mixed tidings. For one thing, they were not alone in their doldrums; in April, Sawyer's economists had reported, the sales of all manufacturers slumped $1.2. billion from March to the lowest monthly total ($16.9 billion) this year. But Sawyer was optimistic : the gross national output, as he pointed out later in the week, was still running ahead of 1948, there was still a strong demand in many lines, and price supports and unemployment benefits would cushion...
...internal hemorrhage; in Minneapolis (while on a world tour). He was governing director (and son of the founder) of Britain's sprawling mercantile empire of Lever Bros. & Unilever Ltd. and its Dutch twin, Lever Bros. & Unilever N.V. (337 factories, 516 companies in 17 nation. with assets totaling $1.1 billion), among the world's leading* manufacturers of soap (Rinso, Lux, Lifebuoy), edible oils (Spry) and margarines...