Word: billion
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
Pointing to the U.S.'s bright economic future, President Harry Truman used to talk headily of a $440 billion gross national product by 1960, but the U.S. economy's actual growth under Truman's successor has made that rosy forecast seem downright conservative. Last week, in a frankly political speech to a Republican rally in Chicago, President Dwight Eisenhower brandished some economic facts that might turn out to be bigger bipartisan news to the people of the U.S. than all the week's campaign speeches put together. In the third quarter of 1958, said Ike, gross...
CIGARETTE SHIPMENTS, up 3.6% so far this year, rose to all-time high of 39.6 billion in August, topping earlier record 39.1 billion in August 1950, during Korean...
...market closed, the Federal Reserve Board raised margin requirements from 70% to 90% (buyers must put up 90% cash on their stock purchases), the highest requirement in eleven years. The Fed said it was alarmed by the rise in public borrowing to buy securities (which reached a record $4.3 billion in September), wanted to protect the public from getting in too deep. Actually, the public, i.e., small investors, has been getting out of the market since June...
Campbell Soup Co. stockholders also got good news. In the company year just ended, Campbell for the first time pushed sales over the half-billion mark, earned a record $31,530,460 v. $29,949,148 the year before, Minneapolis-Honeywell (regulators) had the best third-quarter in its history in both sales and earnings. It earned $5,847,624 v. $4,143,615 for the July-September period of 1957. Even where business has been worst, in the railroads, there was good news. Pennsylvania Railroad, operating in the red for most of this year, reported that in September...
...biggest inflationary specter rises out of the Government's huge ($12 billion) deficit. Yet even there the worry is lessening. Just as last year's deficit was bigger than anyone expected because tax returns dropped in the business slump, so the current deficit may be smaller by $1 billion or $2 billion as business improves and tax payments increase. Says a U.S. Treasury spokesman: "An unbalanced budget does not just of itself create inflation. The extent to which you put it in the banks is the extent of its inflation. This $12 billion will be financed partly...