Word: billion
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
Borrowing Trouble. Much of Michigan's financial trouble did indeed lie far, far beyond Soapy Williams in the state's dusty, archaic constitutional tax structure. Michigan, the nation's twelfth wealthiest state in terms of per capita income, collects about $1 billion in state taxes. But five-sixths of the revenues from the 3% sales tax-biggest income source-must be turned back to city and town governments and school districts. All gasoline tax revenue must be spent on the highways. Result: the state must meet costs of state government, the state universities, the state police...
...Morgan-Guaranty Trust merger got final approval from Federal Reserve Board. New bank is fourth largest in U.S., has resources of more than $4 billion, capital funds of more than $500 million...
...FARM-INCOME drop of about $1 billion to $12.1 billion in 1959 is forecast by Agriculture Department because of higher production costs and elimination of some soil-bank payments. Income is still expected to be well above...
CORPORATE DIVIDENDS may reach $13.7 billion this year, up from $12.3 billion last year, predicts National Securities & Research Corp...
Ward's weighty wager on the future will cost $500 million over the next five years. It has reason for confidence; Ward's sales (1958 total: $1.1 billion) rode 19% ahead of last year's in February and March, will probably show a 14% gain for April, "We are on the eve of a decade of great economic activity," said Chairman Barr. "We would not embark on a program of this scope if we did not have great faith in the future of our economy...