Word: billion
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...children now crowded out. Hospitals are needed; Betancourt says: "We should never again witness the spectacle of two women ready to give birth occupying one single bed." At first Betancourt will be pinched for funds for the reconstruction job. Dictator Perez Jimenez left short-term debts of $1.4 billion, and half of them still remain to be paid...
Particularly irksome to the colleges is the apparent implication that students and professors are more suspect than other groups. Said Carleton's President Laurence M. Gould: "We give $6 billion to the farmers but don't expect any loyalty oath." Said President Courtney Smith of Swarthmore: "Sheer nonsense. You don't start out by saying that you don't trust your students, by asking a 17-year-old freshman to take an oath...
...highest level since mid-June 1957. Increased demand from automakers, electrical-equipment manufacturers and home builders led domestic producers to predict continuing recovery during the remainder of 1959. ¶Construction in January slipped slightly from December but still posted an all-time record for the month at $3.7 billion, v. $3.3 billion in 1958. ¶ Department-store sales as a measure of consumer confidence increased 8% from the comparable period in 1958. The full-month totals for January show a 6% increase over last year. Of twelve Federal Reserve Districts reporting, only one of them, Minneapolis, failed to gain...
...Treasury offered $9.1 billion in new securities last week to private holders of maturing debt and got a shock. It had hoped to persuade most of the holders of maturing issues, bearing 1⅞% and 2½% interest rates, to trade them in for new Government securities paying 3¾% and 4%. Instead, owners of more than 20% of the old issues demanded to be paid off in cash, the biggest such demand in six months. To help make up the difference, the Treasury must go to the public this week with a $1.5 billion emergency issue...
...failure of the latest debt "rollover" attempt was a fresh sign of softness in the Government bond market-and of the size of Secretary of the Treasury Robert Anderson's task of refinancing $42 billion of Government securities falling due this year. At a time when most investors want to buy stocks, real estate or other things as a hedge against inflation, Anderson is finding the public increasingly uninterested in bonds. Furthermore, Wall Streeters thought he had made a mistake in trying to sell securities with one year as the shortest maturity. At a time when investors were trying...