Word: billioned
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Dates: during 1950-1959
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...Since World War II the states have increased their spending 15 times faster than the Federal Government; .city governments have increased a hefty 18 times faster. In fiscal 1957 alone, reports U.S. Census Bureau after a year of figure collecting, cities upped total expenditures 13% to an awesome $12.8 billion. .By comparison, federal spending for 1957 nondefense, domestic items was $24.2 billion...
...these desperately needed loans -Turkey's foreign indebtedness now runs over $1 billion, and many foreign concerns will no longer ship goods to Istanbul without cash on the barrelhead-Adnan Menderes promised to institute long overdue financial reforms, cut back on his grandiose economic-development program...
...hole." After dropping farther than in either of the two preceding recessions (13% v. 2½% in 1953, 3½% in 1948), the annual rate of new housing starts broke through pre-recession levels in June, and the industry is expected to pump $1 billion into the market for men and materials this year...
...CAPITA DEBT in U.S. is now $4,310, has climbed 24% in last five years to "almost unbelievably large" total of $750 billion, says Chase Manhattan Bank. Yet debt is only 1.7 times the value of gross national product-no more, no less than average ratio since...
...well over 35% of Japan's total commercial and industrial business. Mitsubishi controls 22 major firms with 189 subsidiaries, produces 37% of Japan's ship tonnage, 57% of its sheet glass, 20% of its electrical machinery. Profits before taxes last year: $77.5 million, on sales of $2.3 billion, plus banking and insurance operations. Rival Mitsui, which reported $2.8 billion in sales and $85 million in profits in 1957, controls 24 major firms with 195 important subsidiaries, produces 25% of Japan's coal, 88% of its nylon, 33% of its autos, 41% of its paper...