Word: billioned
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Dates: during 1950-1959
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...will have to do so. And, add U.S. officials grimly, it had better not find its way back to European pockets quite so often as has been the case in the past. (An example that still gravels Washington: in recent years the West German government has underwritten some $2 billion worth of West German sales to underdeveloped countries at terms so stiff-repayment in four years, 6% or more interest-that time and again the U.S. has been obliged to bail out the overcommitted debtor with a dollar loan...
...year's $100 million to the French Community's African members. But, bit by bit, Washington's new approach is beginning to have its effect. Under U.S. pressure, the European countries and Japan have agreed to join with the U.S. in setting up the new $1 billion International Development Association (TIME, Oct. 12). And last week, after asking his countrymen "whether we have the right to enjoy all to ourselves the steady annual increase of 6% in our national product," West Germany's Economics Minister Ludwig Erhard proposed that his government review its system of foreign...
Bank have gone to Brazil-$1.3 billion worth. The U.S. has trained more than 1,000 doctors, nurses and technicians, has helped to eradicate malaria, and to build Brazil's greatest steel plant. ¶In the private field, the U.S. buys 58% of Brazil's coffee exports, has invested more than $1.3 billion to employ 94,000 Brazilians, do $427 million worth of local business with Brazilian suppliers, pay $77 million in taxes. U.S. capital is helping Brazil develop by making trucks, tires, electricity and electrical equipment, pharmaceuticals, chemicals, business machines. ¶In the defense field...
Canada's estimated foreign 1959 income is $7.4 billion, outgo more than $8 billion (much of the difference is made up by unhealthy short-term "hot money," largely used to finance imports, and responsible for keeping the Canadian dollar at a high $1.05½ in U.S. currency). Both Prime Minister John Diefenbaker and Opposition Leader Lester Pearson, hopeful of more sales to Europe, urge Canada to take the lead in the promotion of a free-trade area among NATO nations...
...holding even at around 52 million, while total unemployment declined to 3,200,000, or 5.6% of the labor force; not counting the 500,000 steel strikers, unemployment had increased only about ½% since the 5% low set in July. Personal income in August dropped only about $2.6 billion from the $381.6 billion peak, and retail sales were only $2 billion down from the $220 billion record rate set in July...