Word: billioned
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Dates: during 1950-1959
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Last week, as the House considered the President's request for $3.9 billion for foreign aid in fiscal 1960, the rivals took to the floor, soon moved from statistics and specifics to their basic philosophies. Said Otto Passman, dazzlingly arrayed in a crisp white linen suit: "First, we cannot spend ourselves rich. Second, we cannot make ourselves secure by giving ourselves away. Third, we cannot buy friends. We were once told that foreign aid would stop Communism. Now we are told it is our duty to buy our way of life for countries all over the world...
Even conservative economists now expect that-barring a steel strike more than six weeks long-the economy will roll steadily on to $490 billion in the current quarter. Then only a few weeks will separate it from the half-trillion-dollar threshold. At that rate of growth, the U.S. economy will hit the $750 billion mark before...
management and labor. Today the practice pads U.S. labor costs by more than $1 billion a year, plagues a broad spectrum of industries ranging from trucking to show business, printing to airlines. This year, as part of industry's tougher stand toward labor, management aims to pluck some of the featherbeds. A chief cause of the current steel strike is management's insistence on winning more control over local working practices, partly motivated by the desire to wipe out what Chief Steel Negotiator R. Conrad Cooper called "loafing, featherbedding and unjustifiable idle time." The railroad industry, worst feathered...
...cigarette companies, anxiously collecting their competitors' new smokes to rush them back to the laboratory for analysis. Undeterred by the cancer reports-cigarette sales are running 5% ahead of 1958-U.S. cigarette companies have taken off on a scramble to grab a bigger share of the $4¼ billion-a-year cigarette market. Each hopes to turn the trick by outdoing its competitors with new cigarettes that offer the U.S. smoker everything from rum flavor to air-conditioned paper...
President Bowman Gray of R. J. Reynolds Co., whose Salem is already a mentholated success, was so affected by the sight of all this clamoring at his door that he took a drastic step for the head of a billion-dollar hierarchy. He insisted on answering his own telephone, gave battle orders that he wants to be flashed personally by even the lowliest Reynolds salesman on every development on the cigarette front...