Word: billioned
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Dates: during 1950-1959
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Formosa. Though only 20% of the land is arable, the island not only feeds 9,000,000 civilians and 500,000 soldiers, but exports food as well. The U.S., which has come through with $2 billion in aid since 1951, provides the military hardware and meets half the military payroll. The press is effectively controlled, and any threat of internal subversion by the Chinese Communists is kept well in hand by the zealous (some say too zealous) security police called the Peace Preservation Corps. Stern and 70, Chiang Kai-shek rules party, army and people as firmly as ever...
DIVIDEND PAYMENTS last month rose 3½% over same time last year to $325 million. Commerce Department says that biggest gains were made in chemicals, transportation equipment, utilities, iron and steel. For first eleven months of 1957, dividend payments by publicly reporting firms reached $9.36 billion v. $9.04 billion last year...
MORE than 2,000,000 U.S. workers are either alcoholics or problem drinkers. Last year they cost U.S. industry more than $1 billion and 13 million man-hours lost through absenteeism (average: 22 days), slowdowns, inefficiency, accidents and loss of trained personnel. Time was when industry ferreted out such workers and fired them. Today the boss still keeps a close eye out for the problem drinker, but it is more often to help than to fire him. Faced with new understanding of alcoholism as a mental illness-and with a nationwide shortage of trained workers-more and more companies...
When Railroader Robert R. Young was fighting for control of the $2 billion New York Central in 1953 and 1954, he bought 100,000 Central shares at an average $22 a share. Last week, with Central stock down to 16, Chairman Young admitted that he had quietly shaved his Central holdings to 28,500 shares...
...goes right on selling a steady 10,000 to 20.000 copies a year. One of Simon & Schuster's Little Golden Books, The Poky Little Puppy (illustrated by Gustaf Tenggren), has sold 5.000,000 copies in 15 years. Since 1942, S. & S. has sold a total of half a billion children's books...