Word: billioned
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Dates: during 1950-1959
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...Europe, Lauris Norstad, flew into Washington, worked far into the night with Pentagon aides, conferred with President Eisenhower for two hours, left nothing undone in preparing for one of his most important duties: appearing before the Senate Foreign Relations Committee to urge approval of the Administration's $1.8 billion military-aid program. But when he arrived on Capitol Hill, four-star General Norstad found a near-empty hearing room, with only two of the 15 members of the Foreign Relations Committee on hand to greet...
...moon and back would cost roughly $2 billion, and that, say the scientists, raises an important question: "Since there are still so many unanswered scientific questions and problems all around us on earth, why should we start asking new questions and seeking out new problems in space? Scientific research, of course, has never been amenable to rigorous cost accounting in advance. Nor, for that matter, has exploration of any sort. But if we have learned one lesson, it is that research and exploration have a remarkable way of paying off -quite apart from the fact that they demonstrate that...
...bill up for discussion before a caucus of Senate Republicans one day last week promised to freeze farm props for another year at the surplus-building levels that cost the U.S. $3.25 billion last fiscal year. Already passed by both branches of Congress (TIME, March 31), it was a deliberate slap in the face for Agriculture Secretary Ezra Taft Benson, who wants permission to cut farm subsidies and make a start toward whittling down the scandalous farm-surplus problem. The argument essentially was between principle and politics. It took the Republican caucus exactly 80 minutes to stand foursquare with politics...
...must first make ourselves worthy of the leadership of the free world. But we will never do that so long as we continue to act in the short-term special interest of our minority groups." Concluded Clayton: "Our oil imports come partly from Venezuela (buyer annually of $1 billion of American goods, the economic equivalent of 250,000 American jobs), partly from Canada (our best customer in all the world), partly from the Middle East. Are we going to make all these areas mad just to maintain higher prices and big profits for domestic oil producers...
...BILLION TAX CUT is urged by Arthur F. Burns, former chairman of President Eisenhower's Council of Economic Advisers. He contends that an immediate tax slash for all individuals and businesses would be "clearly a sounder method of dealing with a mild recession" than a big public-works program, which would not have any "significant economic effects in the immediate future...