Word: billioned
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Dates: during 1950-1959
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...noted with interest that our white sisters are investing $4 billion dollars a year in beauty aids and treatments. Certainly the money is well invested. Beauty makes the world a prettier place to live in. But I am sending you a picture of one of our Indian girls who is beautiful just as she is-with just a little help from the beauty industry. Her name is Madonna Blue Horse [see cut]. She is the 1958 winner of the "Marylike Contest" sponsored by the Holy Rosary Mission of Pine Ridge, S. Dak., the largest Indian mission in our country...
...voted to go ahead with building plans; work on schools, roads, city halls, sewers and hospitals got going in time to cushion the worst of the recession. The Tory federal government of Prime Minister John Diefenbaker also pitched in with spending so heavy that the new budget of $5.3 billion shows a deficit of $640 million...
BUDGET DEFICITS will continue indefinitely. With deficit expected to reach $8 billion to $13 billion in fiscal 1959 (TIME, June 16), Budget Director Stans says: "I do not see any possibility of balancing the budget for several years...
From Manhattan's cluttered Seventh Avenue, hub of the $5 billion women's garment industry, came a pronouncement last week: the sack is dead, and the chemise is so changed it will hardly be recognized. A record swarm of 3,578 out-of-town buyers crowded into the garment district for the annual June showings of fall fashions, heard the judgment of the manufacturers: they simply are not making the sack. As for chemises, since some big manufacturers found they had dropped to 5% of sales, they...
...Congress last week was pushing hard on a bill setting up a Federal Aviation Agency to exercise almost total control over U.S. air space, bring both military and civilian craft under strict ground control. To operate the airways, the Civil Aeronautics Administration is spending $1 billion to replace the current hodgepodge control with a semiautomatic, radar-based system. The trouble with the plan is its target date: 1963. With a lead-time of 18 months or more for complex radars, CAA is still waiting for 70% of the control equipment ordered since 1956. To be really safe...