Word: billioned
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Dates: during 1950-1959
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...year repeal of certain excise taxes, e.g., halving the tax on new autos, thereby saving the buyer $100 or more a year.* And they also were making practice passes at some new ideas, e.g., a two-month forgiveness of withholding taxes that could instantly pump out $2.3 billion in spendable take-home pay, thus give the economy a quick extra surge of power...
...scandal: the reigning farm price-support program that costs the U.S. nearly $5 billion a year, while it makes worse the situation it pretends to cure, distorts the normal workings of agricultural economics, corrupts farmers, and shows in nearly every way that it is obsolete in the age of new farm technology (TIME...
...McElroy, his arms loaded with papers and charts. Douglas asked McElroy for $26 million this year, $230 million next year, to get Minuteman development under way right now and the system itself operational by July 1962. Flash estimate cost of 4,000 Minuteman missiles: $3½ billion. McElroy's decision, taken after consultation with his advisory panel, was to order the Air Force to go ahead-and to brace himself for the ruling that may ultimately have to be made between the Navy's Polaris and the Air Force's Minuteman...
...battled harder to enforce Fair Trade around the U.S. than giant General Electric Co., which gets an estimated 35% of its $4 billion annual sales from its consumer products. Last week G.E. threw in the sponge. To dealers and distributors went a letter canceling Fair Trade contracts on the company's prices. Said G.E.: "We have abandoned our policy because we have found it inoperable." Within three days, half a dozen other diehard Fair Traders, including Sunbeam Corp., McGraw-Edison Co. (Toastmaster), Ronson Corp., and Schick Inc., followed G.E.'s lead, dealing the hardest blow...
...only gold for 120 years-and in recent times some heavy deficits for the company's British owners. What magnetized Hanna, which had been built into a $250 million empire by former Treasury Secretary George M. Humphrey, was not the gold heart; it was the iron breast, 2 billion tons of high-grade (60% to 70% pure) ore in the surrounding hills. But getting it was another matter...