Word: billioned
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Dates: during 1950-1959
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...budget-is still gamely keeping its balance. Budget Director Maurice H. Stans reported last week. Said normally solemn Accountant Stans, fighting hard to smother a grin: during the half-year since the President presented his budget to Congress, the economy's energetic climb has added $1.9 billion to the Administration's income estimate for fiscal 1960 (ending next June). But over the same span, the outgo estimate has also crept upward by $1.9 billion, reaching $78.9 billion. Biggest reason for the outgo increase: rising interest rates, upping the cost of carrying the national debt for the fiscal year...
...designed by North American, is still in development stages, the first tactical wing of B-70s (45 aircraft) is scheduled to become operational in only five years. It will be costly: prototypes will run upwards of $150 million apiece, and the whole program will run to $3.5 billion by 1965. A Defense Department budget slash last week killed off plans for the last far-out supersonic interceptor, the Mach3 North American F-108. Air Force flyboys trust and hope that the $2.4 billion savings will help support the B70 project when it comes under the budget fire of the pushbutton...
...shields its human operators from radioactivity. In the spring of 1958, physicists peering down through it saw that the water was getting cloudy. They called Chemist-Bacteriologist Eric B. Fowler of the laboratory's radioactive-waste disposal group, who found that it was swarming with microorganisms, about i billion per quart. The bugs turned out to be rod-shaped bacteria of the genus Pseudomonas, which were feeding on resin and felt in the water purifying system...
This year Cole's Chevy Division will produce nearly 1,500,000 cars, 27% of the U.S. total and more than either West Germany or Britain made in 1958. It will gobble up more steel (4,000,000-plus tons) than Sweden makes. Its sales (retail: $3.5 billion) are double the gross national product of Ireland...
...BOARD TRADING will increase to daily average of 4,500,000 shares by mid-1960s v. 3,000,000 today, predicts New York Stock Exchange President Keith Funston. Listed shares will increase from current 5.5 billion to 8.5 billion in 1960s...