Word: billion
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Dates: during 1950-1959
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There was no answer and there needed be none. The city council, in silly season, had its headlines. And it was more fun than dealing with New York City's more mundane problems, from raising revenue (for a $2 billion budget) to doing something about its raddled, potholed street paving...
...British prosperity in 1959 is still a near thing, maintained only by rigid economic controls, and it could be destroyed at almost any moment by a shift in international trade patterns. To the hard-pressed British taxpayer, the $4.2 billion a year spent on defense represents capital that, if the cold war ended, Britain could devote to the investment on which its economic future depends...
...British taxpayer got good news last week. Last year Chancellor of the Exchequer Derick Heathcoat Amory put through such a severe anti-inflation budget that he now had a large cash surplus. So this year he was able to put an extra billion or more into the hands of spenders and investors. Items...
...Retail sales in March rose to an alltime high for any month. Particular gains were chalked up in durable goods, with sales up 18% from a year ago. Estimates for March sales: more than $17.6 billion...
...stock among as many people as possible. Purchasers were limited to five shares apiece; only those with incomes of less than $3,810 a year could subscribe. By tempting the purses of middle-class citizens, the government hopes both to keep them from socialism and to tap the $9.3 billion West Germans have locked up in small savings accounts. The next issue will probably be the giant Viag heavy-industry holding company (coal, aluminum, steel, copper, electric power). By next year the government hopes to get legal complications out of the way, sell Germany's famed Volkswagen company...