Word: billioned
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Dates: during 1950-1959
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What the National Education Association calls for is a "significant" inoculation of federal money. The Government is already spending $2 billion yearly on education. A full dose would be strong medicine. If the "educational deficit" is really $9 billion, it is equal to more than 10% of the entire federal budget. No Congress would dream of spending that amount without peering into curriculums, and the prospects are not cheery...
...still using gaslight; nearly 75% of the high schools are too small to pay for anything resembling a nuclear-age curriculum. And though wise men urge the country to spend at least twice as much money for education, the U.S. maintains an "educational deficit" estimated at anything from $6.8 billion to $9 billion yearly...
Although there have been few deeply noticeable effects of the steel strike thus far. signs of its impact on the economy are now beginning to appear. The Commerce Department reported that in July, manufacturers' shipments and new orders declined. Total adjusted manufacturing sales in July dropped to $30.8 billion, a decline of $400 million from June...
Manufacturers' inventories also reflected the steel strike. Although rising $100 million to $52.2 billion in July, the inventory increases were well below the $400 to $500 million monthly increases earlier this year. August inventory figures are expected to show a sharp decline because of the strike...
...swift spread of stock ownership is even more striking on the Continent. In West Germany, the Adenauer government is plowing ahead with its plan to "reprivatize" a $1 billion industrial empire inherited from the Nazis. Last spring the government sold the giant Preussag mining combine to 216,000 new German stockholders limited to annual incomes of $3,800 or less. In one sweep of a pen, the total number of German stockholders was increased by a third, to around 800,000. Determined to have a competitive private-enterprise economy, the government is now planning to sell off the great Volkswagen...