Word: billioned
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
Principal reason is that Benson has a talent for making enemies and a genius for keeping them. Even though he is dispensing farm subsidies that total an astronomical $3.75 billion, Benson is disliked by most farmers because he preaches that subsidies are wrong. (Only 10% of those questioned in a recent farm poll rated Benson as doing an "excellent" job.) Even though he preaches that subsidies are wrong, city people dislike him because the subsidies grow larger, and he has not yet put across a workable program for cutting them down...
...temporize. Railway workers, bus drivers, mailmen, stagehands, customs inspectors, garbage collectors, undertakers and thousands of other French workers walked out in a paralyzing general strike, leaving Paris streets empty of buses and littered with trash. Unless the government can persuade the Bank of France to lend it 250 billion francs, it will not be able even to meet its next civil-service payroll...
Kennedy charged that the State Department was not putting sufficient emphasis on economic aid to the underdeveloped countries. He cited the fact that only ten per cent of $4 billion dollars spent abroad last year could be cited as "venture capital in economically backward areas...
Four weeks ago the U.S. Air Force fired off an explosive letter to its 28 major airframe and missile contractors. In fiscal 1958's first quarter the Defense Department has spent its money at the rate of $40 billion annually, $2 billion more than its $38 billion budget. To help get back in line, the Air Force proposed a temporary cut averaging 25% in its monthly progress payments for aircraft production. But the Air Force still expected the industry to maintain full delivery schedules, either by cutting costs or borrowing money to keep going. Last week the replies were...
...prime example of the planemakers' dilemma was Seattle's Boeing Airplane Co., the Government's biggest defense contractor, with a $2.1 billion backlog of orders. Boeing faces the deferment of more than $350 million in payments due for the rest of fiscal 1958. If the Air Force sticks to its new schedule, and the company cannot expand its $100 million bank credit, Boeing will be forced into a major production slowdown, says senior Vice President Wellwood E. Beall. Boeing is already closing its 1500-worker plant at Everett, Wash.; it has chopped employee overtime, temporarily abandoned...