Word: billioned
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Dates: during 1950-1959
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...Senate cloakroom whispers had it last week, the bill sponsored by Massachusetts' Jack Kennedy to regulate $30 billion in pension and welfare funds was safe labor legislation. It had labor's blessing; it would be the only labor bill this session; it would rectify at least some of the fraudulent labor-union practices exposed by the McClellan investigating committee. On these grounds an ample bloc of Democrats and liberal Republicans banded under Majority Leader Lyndon Johnson to push the bill through. But they reckoned without California's William Fife Knowland...
While the Senate wrangled last week: ¶The House Foreign Affairs Committee, in a token cut that was anticipated by the State Department, lopped $339 million off the $3.9 billion foreign aid authorization bill...
...BILLION-DOLLAR CLUB gained seven new members last year, now numbers 48. Newcomers (with sales in billions...
From 16th place among the world's trading nations in 1938, Russia has risen to sixth-and is still rising. Its volume jumped from $1.5 billion in 1946 to $8.25 billion last year; its exports of industrial equipment have increased twentyfold. Today the Soviet Union has trade agreements with some 31 countries outside the Iron Curtain, and in the last year alone added Morocco, Tunisia, Cambodia, Japan and Ceylon to its list...
...Donald Slichter, 57, was elected president and chief executive officer of Milwaukee's Northwestern Mutual Life Insurance Co., eighth largest life insurance company in the U.S. (insurance in force: $9 billion). A graduate engineer (University of Wisconsin, '22) and amateur gardener (roses), Slichter, brother of Harvard Economist Sumner Slichter, has been a vice president in charge of Northwestern Mutual's investment portfolio since 1949¶Emerson Foote, 51, a founder and onetime president of Foote, Cone & Belding, who once shocked Madison Avenue by voluntarily giving up the $12 million American Tobacco account, again caught fellow admen flat...