Word: billioned
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Dates: during 1950-1959
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...Foreign aid looked like easy sailing; the Administration's $3.9 billion authorization bill had cleared the House and the key Senate committee with surprisingly light nicks. And opposition to the reciprocal trade bill, scheduled for debate in the House this week, eased up. If Congressional outcries against Agriculture Secretary Ezra Taft Benson died away, and the President's veto of the Democratic farm bill was almost sure to stand...
...partly it was the sheer weight of fact: farm prosperity, signs that the recession is easing, realization that the Government faces a deficit of $10 billion or more in the fiscal year ahead, overseas rumblings showing that 1958 is no year to retreat toward isolationism by building higher tariff fences and slashing foreign aid. After pondering the facts, plus the sentiments of the voters back home, many a congressional man in motion switched direction to follow his followers...
...million acres. The timber business racked up $34.3 million in 1957, and that economic youngster is still in short plants. Near Ketchikan, hard by the 16 million-acre Tongass National Forest, is a new, $52½ million pulp mill, and timber folk talk about production of 2 billion board feet a year (v. 33 billion Stateside). Scarcely tapped, too, is Alaska's mineral treasure, which boasts 31 of the 33 metals on the U.S.'s critical list (exceptions: industrial diamonds, bauxite). The North American continent's only major tin deposits lie in the Seward Peninsula, and some...
...pain, no disease and-theoretically-no independent thought. Now, says Huxley, "The nightmare of total organization . . . has emerged from the safe, remote future." Main factor: the birth boom that has jumped the world's population from 700 million at the time of the American Revolution to 2.8 billion today...
Since 1940, when their policies came under SEC regulation, mutual funds have been among the fastest-growing of all forms of investment. More than 1,500,000 investors today hold shares of 168 diversified investment companies with a total net asset value of about $11 billion. The funds put more than $100 million a month into the securities market, hold about 3.8% of the dollar value of all shares on the New York Stock Exchange. The recession has scarcely slowed the growth of the popular "open-end" funds.* While sales of the mutual funds' shares were...