Word: billioned
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Dates: during 1950-1959
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...cold war and preventing a hot one, the most gruesome task confronting the U.S. Government is coping with the farm-glut scandal. Swollen by the costs of buying and storing farm surpluses-largely created by obsolete federal price supports-Agriculture Department spending will mount this fiscal year to $6.9 billion, more than twice the combined outlays of the State, Justice, Interior, Commerce and Labor Departments...
...urged greatly expanded federal programs in social security, health, education, agriculture, public works and welfare, area redevelopment and urban renewal, did not attempt to put a price tag on the proposals. Virginia's economy-minded Senator Harry Flood Byrd-no member of the council-did. His estimate: $5 billion or $6 billion a year...
Despite the oil wells that pump some $800 million a year into Venezuela, the nation that elected Betancourt is in economic trouble. Dictator Pérez Jiménez splurged on grandiose public works schemes that ran the country $1.4 billion into short-term debt. Venezuela has paid one-third of the bills, must find a way to pay the rest. It must also make jobs for 100,000 now unemployed as well as new Venezuelans, now swelling the population of 6,000,000 at a fat 3% a year...
...Retail sales reached a record $17.3 billion in November, and department stores across the nation reported sales up 7% for the first week of December. Forecast for Christmas sales: a new record, 3% to 4% over last year...
...tiny, spiderlike transistors, diodes, rectifiers that perform the functions of vacuum tubes. Though semiconductor technology is scarcely a decade old, industry sales have climbed from $15 million in 1954 to an estimated $195 million this year; electronics experts think they will be $350 million in 1960, more than $1 billion...