Word: billioned
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Dates: during 1950-1959
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...Congress). ¶ Marked off a new line of fiscal frugality for his Administration. A balanced budget was something he was earnestly striving for, said Ike, but he pointedly omitted previous hints that this might mean a tax cut. Said he: "We should be starting to pay off our [$284 billion] debt . . . Congress itself expects us to get in the business of paying off some of these great obligations, and I think we should." ¶ Pinned an oakleaf cluster, in lieu of a third Distinguished Service Medal, on the chest of retiring General Maxwell D. Taylor. Cracked Ike, as he searched...
...atmosphere's small content of carbon dioxide (about .03%), which permits short-wave sunlight to pass but impedes the escape of longer heat waves into space -the so-called '"greenhouse" effect. Since 1860 modern man's furnaces and auto exhausts have spewed out 360 billion tons of carbon dioxide. Warns Revelle: "By 2005 we will have added to the atmosphere some 1,700 billion tons of carbon dioxide-about 70% of the amount now present in the atmosphere. We believe that most of this will be absorbed by the ocean, but this means that the carbon dioxide...
SOCIAL SECURITY FUND will run $87 million in red for fiscal year, which began July 1. Higher social security taxes, which went into effect last Jan. 1, are expected to boost fund's income over outgo, starting in 1961; fund's $1.5 billion deficit, accumulated over past three years, is scheduled to be repaid...
...Construction-contract awards for dwellings, warehouses and office buildings rose 4% in May over last year to reach $3.5 billion; housing awards alone climbed 25%. Total construction gain for the first five months: 17% over last year...
MERGER TERMS were approved by directors of General Dynamics Corp. (1958 sales: $1.5 billion) and Chicago's Material Service Corp. (1958 sales: $114.4 million), which will become an autonomous division of General Dynamics. Deal calls for stock of Material Service (building materials, concrete, coal), almost all held by Chairman Henry Crown and his family, to be exchanged for approximately $125 million worth of General Dynamics stock...