Word: billioned
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Dates: during 1950-1959
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...spend some of Venezuela's $800 million a year in oil revenues to develop the backlands. Thousands of farmers who have fled from-rural poverty to the city slums may now begin to drift back to the farm. The plan will cost $240 million the first year, $7 billion in all. Only the Communists denounced the plan as too moderate and refused to sign the commission's report. The other parties agreed with Caracas Archbishop Rafael Arias Blanco, who declared that passage of the bill "will be for me a feast day of great jubilation...
...short-lived packets of matter created when high-energy protons hit protons at rest. Since each particle is presumed to have its "anti" counterpart, scientists have long been looking for anti-lambda. Faint traces of the elusive particle showed last year on photographic plates exposed to the 6 billion-volt Berkeley Bevatron, but the plates were too small to tell much of the anti-lambda story...
...dividends of the growing U.S. economy are being widely and liberally distributed. Reported the Commerce Department last week: personal income in June climbed to an alltime peak of $382.9 billion on an annual basis, up $13.9 billion since January and $25.8 billion since June...
...fourth quarter of 1959, the U.S. economy will pass a long-awaited milestone far ahead of schedule. Americans by then will be producing, earning, spending and investing at the rate of $500 billion yearly, raising the U.S. to the level of a half-trillion-dollar economy. For each of the nation's 45 million families, the breakthrough will represent some $11,000 worth of goods and services produced by U.S. factories, farms, mines, government and service industries. The total will be many billions greater than the combined gross national products of the Soviet Union, Great Britain, West Germany...
This was the good news behind last week's report from the President's Council of Economic Advisers that U.S. economic activity in the second quarter climbed to a record yearly rate of $483.5 billion. Even the Government's economists were surprised at the rise of $13.3 billion from the last quarter, $49 billion up from a year ago. They had hoped that the U.S. economy would show enough strength to reach the $500 billion mark by mid-1960. But the economy has snapped back from the recession-and hurtled on-faster than the most glowing optimists...