Word: billioned
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Dates: during 1950-1959
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...economy in good health, a high Administration official wanly predicted last week, a deficit looms for fiscal 1960. With the costs of national defense, welfare programs and farm subsidies edging ever higher, budget makers will find it tough to hold 1960 spending below the current year's $80 billion mark, tough to avoid a deficit of about $5 billion. Fondest Administration hope: by the time President Eisenhower submits his fiscal 1961 budget in January 1960, he will once again be able to point to a balanced budget...
CHRISTMAS CLUBS will pay record $1.3 billion, 3% more than 1957, to 13 million members through 7,900 banks and savings and loan associations. Top saving states: New York $281.8 million, Pennsylvania $184 million, New Jersey $144.8 million...
...sewing. But no longer. Women are still sewing to economize-but on the fanciest dresses that Paris can design. Inundated by fashion news, furiously taking up and letting down to keep in style, some 35 million women are sewing profits for an industry that will reap close to $1 billion this year. Home sewers will spend $400 million for fabrics, $290 million for accessories, $270 million for home sewing machines, $40 million for 90 million patterns. About 20% of all feminine clothes are now made at home by women who sew an average of four to six garments a year...
...than egos, Stetsons or oil rigs, the tallest things in Texas are banks. Busting out all over in an unparalleled boom, their huge buildings dominate the skyline in Dallas, Houston, San Antonio and Fort Worth. Texas has more banks than any other state: 968 with total deposits of $10.4 billion, combined resources of $11.6 billion. Texas bankers succeed by fighting for business like warring supermarket operators on a Saturday afternoon -while also wearing Homburg hats and speaking in muted tones. The man who best combines such Texas talents is taut, wiry, fiercely competitive Fred F. Florence, 67, head of Dallas...
Cleaning Up. Republic has lent $1 billion to finance oil drilling, more than any Southwest bank. Florence was a chief mover in bringing Temco Aircraft to Dallas, which in turn helped persuade Chance-Vought to come. He also helped organize Lone Star Steel Co., biggest in Texas. Partly to persuade big Texas borrowers that it was no longer necessary to go to New York, Florence gave Republic the most impressive face in Dallas-a $25 million, 40-story building sheathed in aluminum. The skyscraper has acted as a magnet to bring Dallas such other structures as the new Hotel Statler...