Word: billioned
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...survey by the Commerce Department and the Securities & Exchange Commission, taken after the strike, showed a significant boost in industry's plans for new plant and equipment expenditures. With more money going for industrial plants and public works, capital investment should rise to an annual rate of $35.3 billion in the final quarter of 1959. $1 billion more than the third-quarter rate and $5 billion more than a year...
TREASURY BORROWING costs are still rising. Latest offering of $2 billion in 245-day tax-anticipation bills sold at an average yield to buyers of 4.783%, the highest rate paid on such securities since...
Enticed by U.S. corn-price supports that place no limit whatever on acreage, U.S. farmers have so expanded their corn plantings that this year's harvest will hit 4.4 billion bu., 17% more than in record 1958. Iowa, the No. 1 corn state, expects an 827-million-bu. harvest, up from the record 669 million last year. Illinois, No. 2, anticipates 696 million bu., up from 599 million. Even No. 3. Minnesota, looks for 360 million bu., an increase of 15% over last year, despite a severe drought...
...Corn production is up by 600 million bu., and farmers piled on so much of everything else that net feed production is up 5%. On corn alone, Benson faces having to buy up to $672 million worth of this year's corn, on top of an estimated $1.8 billion worth of previous years' corn.* Meanwhile, storage, transportation and interest on earlier corn surpluses are costing $1,000,000 a day, more than twice the cost of maintaining the U.S. courts and Congress. Total added outlay for this year's corn charged to the U.S. taxpayer this year...
Though he is one of the world's richest men (reputed worth: $1 billion), Jean Paul Getty, 66, lives like a man who does not know where his next penury is coming from. For years he kept a diary in which he jotted down every $2.70 dinner check, including "35? for ice cream." He has homes in California and Italy, but rarely uses them, prefers instead to run his vast Middle Eastern oil interests (TIME cover, Feb. 24, 1958) from the cheapest two-room suites in Paris' George V and London's Ritz Hotel...