Word: billioned
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Dates: during 1950-1959
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...foes-Georgy Malenkov, Dmitry Shepilov and Lazar Kaganovich (who, when asked about his present work, replied: "That would be very difficult to explain just now"). On the dais, clustered around Red China's Mao Tse-tung, sat the leaders of 13 Communist nations, the rulers of nearly a billion people...
...shortage. Best of all, "the Soviet Union in the next 15 years can not only catch up with the U.S. in the production of basic items but also outstrip it." Some Khrushchev estimates of Russia's 1972 production: steel, 110 to 132 million tons; oil, 2.4 to 2.7 billion barrels; coal, 715 to 825 million tons; electric power, 800 to 900 billion...
...production last year: steel, 115 million tons; oil, 2.6 billion barrels; coal, 575 million tons; electric power, 684 billion...
...occasion imparted a tremor to Gaillard's normally resonant voice. Then he steadied and briskly outlined his program. Main points: special powers for pursuing the war in Algeria (including a new appeal to the rebels for a ceasefire, a new discussion of the loi cadre), a 100 billion-franc slash in government expenditures, new taxes and price controls...
Moving urgently to meet the ever-mounting crisis, Gaillard went into a huddle with his new Finance Minister, the M.R.P.'s Pierre Pflimlin, decided to borrow 250 billion francs from the Bank of France to pay civil servants and meet other obligations. Then Gaillard went to work on the Assembly with demands for special powers to enforce price controls by slapping heavy fines on price gougers, and to close the shops of merchants who refuse to comply. He also proposed an extra 100 billion francs in new taxes on such semi-luxury items as wine and autos...