Word: billioned
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...mark of his achievements, in the careful handling of no less than $375 billion, that Washington and the Pentagon hated to see him go. Said New Hampshire's Senator Styles Bridges: "Wilfred McNeil literally has saved the taxpayers of America billions of dollars. And yet comparatively few people in this country have ever heard of him." Wrote President Eisenhower last week to "Dear Mac": "All Americ?, joins me in saying to you, well done...
...Vanishing Specter. When De Gaulle had finished, France was swept by a vast wave of relief that finally someone had pointed the way to an end of the bloody rebellion that has cost France $5 billion, kept 500,000 young Frenchmen under arms in Algeria and badly strained the fabric of NATO. The Communist and fascist fringes hurled insults at the President, but the great French middle, both liberal and conservative, overwhelmingly supported and applauded the bold initiative. And the dread specter of right-wing revolt all but vanished even in Algeria itself, where diehard French ultras had warned...
Congress' refusal to raise the ceiling on the long-term end of the Government bond market has forced the Treasury to do all its financing in the inflationary short end. Between now and Jan. 1, the Treasury has to refinance almost $12 billion in old debt and borrow $7 billion in new cash. So much money borrowed in the short end has created a strong pressure to shove all interest rates higher. The process is already operating. Last week, as the 91-day bill rate went up to nearly 4.2% from 3.979% on the sale a week before...
...Whittington of Cleveland's Society National Bank. "Business has to get money for inventory and capital spending by borrowing. But banks are pretty well loaned up." Inventory buying has already begun to level off. In 1959's first half, manufacturers boosted inventories by a near-record $2.9 billion, raised the total to $52.1 billion, fast approaching the alltime high of $54.2 billion in mid-1957. But in July, inventories rose by only $100 million. The steel strike is another major factor in slowing inventory buying. "Steel is having its recession right now," explains a steel company economist. "Deferred...
...Clark. His business, which can only be enhanced by a tight-money situation: finding lenders to put up money on propositions that they might ordinarily turn down. Clark, 69, is so good at his job that in half a century he figures he has found close to $1 billion for borrowers. And last week Money Finder Clark was dickering on the biggest deal of his career: arranging the financing for two 90,000-ton. super-economy transatlantic ocean liners. If the German government will give a guarantee for 70% of the costs of the ships, a plan that German Economics...