Word: billion
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Dates: during 1950-1959
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...Three billion dollars," predicts Professor Seymour Harris, "will have to come from increased tuition rates in the next decade, if universities are to survive." How Harvard and the rest can meet this demand, with inflation shrinking endowment assets at the same time that alumni contributions diminish, is a problem Harris has attempted to solve in his plan for a long term student loan program...
...such a long term proposal as this, it is necessary to have a very clear and accurate crystal ball to estimate expenses and future conditions. Harris thinks that the current amount of loans needed is about a billion and a half dollars per year, and by 1970 about two and a half billion. The apparent enormity of the loans necessary does not rule out the plan on paper, whatever actual fund-raising difficulties (the University could attest that there are many) might be. When the general picture of American private debt is considered, however, these figures do not seem...
TOLL-ROAD TROUBLES are easing a bit, giving holders of $4.7 billion worth of bonds somewhat happier view of their investment. End of recession plus opening of important new access roads has boosted traffic to cover eight big turnpikes' current interest cost...
...where a husband used to control his yen, millions of wives are buying stock by cutting corners and snipping off a larger hunk of the family pay envelope. As a result, Japan is having its biggest investment boom in history. This year 9,000,000 shareholders will invest $5.5 billion v. $4 billion last year; investment trusts have increased 50%, and savings accounts have risen 20% to $17 billion...
...Visit. A rich witch offers to buy the life of a man who once wronged her -for a mere billion dollars. This surrealist, symbol-clogged but fascinating fable may be Alfred Lunt's and Lynn Fontanne's last visit to Broadway...