Word: billioned
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Dates: during 1950-1959
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...Force. Down from this year's $19 billion to $18.2 billion, the Air Force is holding its B58 supersonic-bomber planning to a maximum of three wings, is phasing out purchases of its F-105 fighter-bomber and F106 interceptor. Last week the Air Force announced plans to shut down Ethan Allen Air Force Base in Vermont. NATO was warned that its tactical air strength in Europe might be cut back by three Air Force F-100 nuclear fighter-bomber wings, or 225 planes. The deployment in Europe of the Thor and Jupiter intermediate-range ballistic-missile squadrons would...
...President Truman summoned him to the White House in mid-1945. "Stu," said Truman, "I want to dump a load of coal on you." He asked Symington to serve as head of the Surplus Property Board (later Surplus Property Administration), charged with setting policies for disposing of some $30 billion worth of Government property left over from the war, ranging from shoe polish, bayonets and bombers, to oil pipelines and complete aluminum plants. Symington sold his Emerson stock at a capital gain of around $1,000,000, took on what he calls "the roughest job I ever...
...Soviet budget is unlike anything in the West. Since the government runs not only itself but almost all industry, shops, and farms, its budget determines not only its own spending but how many TV sets will be made and how many shoes sold. At 745 billion rubles (roughly $74.5 billion), it is on the same order as President Eisenhower's $77.1 billion budget, but to be really comparable, the U.S. budget would have to include the spending of U.S. Steel, General Motors, A.T. & T. et al. But if the Russian budget is hard to compare...
Last week a grinning Soviet Deputy Premier Anastas Mikoyan was in Helsinki for the signing of the new fiveyear, $1.5 billion trade pact. Terms: Finland will continue to send icebreakers and papermaking machinery to Russia, in return for Soviet wheat, coal, oil, autos. The Soviet-bloc share of Finnish trade will remain a vital 22%. Asked whether Russo-Finnish relations would be hurt if the Finns should join their British and Scandinavian trading partners in the proposed Western "Outer Seven" bloc, Mikoyan returned a wary answer. "That is a matter for the government of Finland," he said, "which will take...
...battle of the bottle is one of the business world's trickiest problems. Every year U.S. industry loses more than $1 billion from the absenteeism, accidents and substandard work of 2,000,000 problem drinkers. Not long ago the typical company damned the alcoholic worker as a weak-willed degenerate, and fired him instead of helping him. But no more. Last week in Manhattan, at a symposium sponsored by the National Council on Alcoholism, doctors and officials from two dozen blue-ribbon U.S. companies, including IBM, RCA and Esso, agreed that the corporation can cure the alcoholic, told...