Word: billioned
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Dates: during 1950-1959
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Increases in manufacturing and trade inventories also continued to spur the economy's expansion; inventories rose to a total of $89.1 billion, an $800 million increase from $88.3 billion at the end of May. The inventory increases largely reflected a buildup of steel stocks in preparation for the strike which showed no signs last week of being settled. Merchants were also prompted by soaring sales. Despite the rise, the ratio of stocks to sales has edged down to the lowest level since...
...walloping 33% from the year-ago level. Reporting the figures last week, the Commerce Department warned the U.S. to expect several more months of trade imbalance. In 1959 the U.S. will show an export surplus, but just barely. Exports, which dropped from a record $19.5 billion in 1957 to $16.3 billion last year, will slide to an estimated $16 billion. Imports will go up from $12.8 billion to about $15 billion...
...responsible economist predicts a serious or sustained U.S. trade imbalance ahead. But no one foresees the big, fat trade surpluses that the U.S. long enjoyed -$6.5 billion as recently as 1957. At best, says Under Secretary of State C. Douglas Dillon, exports will rise $1 billion in the next year, led by lower-priced U.S. cotton and the new jets. These new realities of world trade have moved the Administration to take a sterner view of foreign nations that still jealously preserve high tariffs and import quotas against dollar goods long after the need is past. At next month...
TREASURY BORROWERS will seek $1.7 billion in new cash to complete financing for first quarter of fiscal 1960. Money will be raised through sales of Treasury and tax-anticipation bills because of improved market conditions...
...years of fast swapping and fierce fighting, Jean Paul Getty, 66, has accumulated $1 billion (TIME cover. Feb. 24, 1958), but he wants one more thing. He has long and dearly desired to unite his sprawling Getty Oil Co. empire, wants to start by merging its two biggest satellites, Tidewater Oil Co. (65% controlled by Getty) and Skelly Oil Co. (59% controlled by Getty). The two companies have total assets of more than $1.2 billion, annual sales close to $1 billion and production of 65 million barrels...