Word: billion
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Dates: during 1950-1959
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...from blindly. Once, when Milton was uninhibitedly polishing a presidential speech, Ike took one look and said, gently but firmly: "That's fine. But it's not what I want to say." Again, Milton strongly objected to a pork-barreling rider attached by Congress to the $32 billion defense-appropriations bill in 1955. As a matter of constitutional principle, he advised Ike to veto the bill and "tell Congress to go to hell." But Ike, unlike Milton, has the responsibility of elective office, and he realized that the virtues of the whole bill outweighed the single objection...
...Commerce Minister Gordon Churchill is also considering a personal selling visit to the Soviet Union, and possibly Red China, to try for bigger orders from last year's most surprising new customers. The one major stumbling block to bumper business is the U.S., which is completing a billion-bushel harvest of its own and is just as anxious as Canada to cut down wheat stocks. Canadians think they can more than hold their own. Though the U.S. wheat is likely to be cheaper on world markets, its quality is lower, cannot compare to Canada's rich harvest from...
...things are guaranteed to discomfit Canadians more than thoughts of Canada's continuing trade imbalance with the U.S. Last year Canada bought $4 billion worth of goods across the border, managed to sell only $2.9 billion in return. Last week Canadians were reminded that many another nation feels as they do-only about trade with Canada itself...
...increase in loans. By voting an increase in the bank's authorized capital and by raising quotas (50% is the suggested figure) to provide it, the governors would help the sale of World Bank bonds on the world's markets. The bank now has capital of $9.4 billion, but bankers feel that its bonds are in demand only up to the $3,175,000,000 limit of U.S. liability under present quotas...
Cash Needed. But IMF does need cash. In boom, recession or crisis, the trend is toward increasing demand. Since Suez the fund has passed out in hard money loans some $2.7 billion, or two-thirds of all its outlay since the IMF was organized. Moreover, quotas have become unrealistic. Booming West Germany with $5.8 billion in foreign exchange and gold reserves is assessed only $330 million; the United Kingdom, with reserves of only $3 billion has a $1.3 billion quota...