Word: billioned
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Dates: during 1950-1959
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...South. Back in Washington, the President measured his work load against a sudden desire to get into warm country, found the balance in favor of a long weekend vacation. With the special messages on education ($1 billion over four years to step up U.S. education in the satellite age) and on reciprocal trade (see Foreign Trade) dispatched to Congress, the only big hurdle was a Friday-morning breakfast speech to the Republican national committeemen. Taking the hurdle in stride, the President got off the kind of no-clichés-barred political pep talk GOPoliticians wish he had delivered...
...vaunted Russian aid, Dulles pointed out that the Russian figures are misleading, since the Russians count trade in their totals, e.g., the money they pay Egypt for its cotton and Syria for its wheat. On that basis, U.S. aid to pact member countries alone amounted to $2.2 billion last year, and to about $10 billion over a five-year period. This could be compared with the $300 million Russia claims to be giving Syria over the next five years. Furthermore, said Dulles, the Russians have concentrated their aid in areas that have special strategic significance for them-two-thirds...
...policy, said Dulles, is to give assistance to the world society of free men spread over a vast area, and any other system would be incompatible with the spirit and traditions of the U.S. Altogether, the U.S. has given $60 billion in aid since World War II. Much more must be done, but no one should be despondent because of a few spectacular exhibits of despotism...
...supplies abroad, plus the war in Algeria, plus openhanded spending under Guy Mollet's Socialist government at home, reduced gold and hard-money reserves to an untouchable minimum. Overbuying of raw materials last year and speculation against the franc helped put foreign trade out of balance by $1.4 billion...
...last summer, pressure eased. As Premier he courageously curbed credit and imports, decreased the subsidies that are the bane of the French economy. Understood in last week's aid agreement was his pledge to hold his tough line, keeping 1958's budget deficit to a "manageable" $1.4 billion, and the trade deficit around $400 million. By 1959 Gaillard expects the retooled economy to stand on its own with the world. Since last December it has been doing just that. Exports, including such invisible factors as tourism, exceeded imports for the first time since...