Word: billioned
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Dates: during 1950-1959
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...have grown so efficient that the worst drag on their performance is the fallible human brain. Last week Engineering Consultant Stuart Luman Seaton told a Manhattan convention of the American Institute of Electrical Engineers that computing machines probably make less than one mistake in transferring 10²° (100 billion billion) digits. Humans make one mistake in transferring only 200 digits. So the machine's accurate figuring often goes for nothing because it must depend for care and feeding on error-prone humans...
...reported that January production of 489,357 units was down 8.5% from December and 23.7% lower than January 1957. As business cut back buying, the Federal Reserve announced that commercial and industrial loans in 94 major cities tumbled another $218 million for the week, making a total $1.8 billion reduction since mid-1957. In turn, the big sales finance companies chopped their interest rates by another ½% (total reduction this year: 1⅛%) for the sharpest cut in years. A day later, commercial dealers followed with a ⅛% reduction on short-term notes. One gainer was the U.S. Treasury, whose...
...headline makers of the U.S. air world are supersonic fighters, jet bombers and transports. But today, almost unnoticed amidst the sonic booms, a second segment of the industry is enjoying a rise of unparalleled proportions: the private-plane industry, which is riding the jet stream of its own $1 billion boom...
...Gladly," replies the questing lama. His lamasery has been occupied for 300 years with but one project-finding and listing j the 9 billion names of God. The explanation satisfies Dr. Wagner and he packs the Mark V Computer off to Tibet with two technicians, George and Chuck. As "electromatic" typewriters tap out the giant brain's findings, George and Chuck begin to have qualms. The high lama believes that the world will come to an end when Mark V emits the 9 billionth name of God. What if the monks turn violent when the Last Trump fails...
...closed the third major deal of its move into U.S. oil with the purchase of the oil holdings of Floyd Odium's Atlas Corp., for about $20 million, in a cash and stock swap. This deal runs its oil reserves up to 40 million bbl., gas to 275 billion cu. ft., crude production to 10,000 bbl. a day, and refinery capacity...