Word: billion
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Dates: during 1950-1959
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...odds were high that Eisenhower, riding the tide of thrift, would eventually get what Johnson knew the White House wanted: a housing law that renews the nearly exhausted FHA mortgage-insurance authority, extends home-improvement and military-housing loan insurance programs and costs about the $1.6 billion the President asked in the first place...
...helped kill off Fulbright's cherished plan for a five-year Foreign Aid Development Loan Fund, financed by back-door borrowing from the U.S. Treasury (TIME, July 13). Ike was vexed at the Senate, because it had chopped heavily into military assistance funds in cutting his $3.9 billion request for foreign aid authorization down to $3.5 billion. The Senate, he told his press conference, was "not taking into account the tremendous responsibilities of the U.S.," and he hinted that he might call a special session if military-aid cuts were not restored. And the Senate's Democratic leadership...
...million for roads and trails-but the forests will take in $129 million from timber sales, grazing fees and other items ranging down to rentals of 18,000 private summer homes on national forest land. The national forests' land, timber and forage alone are appraised at $7 billion...
Blough believes that collective bargaining is a matter of give and take, and that industry has been doing most of the giving. As head of Big Steel's $3.7 billion empire and 232,000 employees, he presents his reasons for crying "halt" as if he were preparing a legal brief. Says he: "The results of collective bargaining between the companies and the steelworkers' union have been characterized by unsustainable cost increases, major strikes and government intervention. It is time to raise the question as to whether nationwide wage policies, industry-wide strike power, the ability to shut down...
Dramatic Change. The best hope for the U.S. steel industry in holding its own against foreign competition is the dramatic change that has taken place in the industry since World War II. Steelmen have spent $12 billion for new plant and equipment, poured millions into research. Once a prince-and-pauper industry that lost money at a downturn in the economy, the steel industry has become so efficient that it was able to report healthy profits during the recession (1958: $877 million), while operating at only 60.6% of capacity. So much has the industry changed its complexion that steel stocks...