Word: billioned
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Dates: during 1950-1959
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...have "democratism" [May 25], is it not because Congress has so persistently lost face with us by enforcing the will of minorities, at our expense? We have inflation because Congress insists on spending, spending, spending, to gratify special interests. We have billion-dollar mountains of farm surplus because that woos the farm groups. The Solons are afraid to curb the corruption of labor leaders because they control votes. Firm civil rights legislation can and would be talked to death by minority filibustering...
...Asked congressional leaders of both parties to the White House to discuss refinancing the national debt, afterwards prepared recommendations for new legislation to 1) increase the regular debt limit from $283 billion to $288 billion, and the temporary limit from $288 billion to $295 billion; 2) raise interest rates on savings bonds and long-term Treasury obligations to make them more attractive in the bond market (see BUSINESS...
Wisely spent, the $2 billion pumped into Spain during the past eight years might have gone far toward putting the country on its feet. But bureaucrats went on an ill-conceived spending spree, some of whose principal results are a steel mill whose products cost half again as much as German imports, an auto plant in Barcelona that builds ersatz Fiats for more than twice the cost of the real thing, thousands of luxury apartments still unrented, a $300 million annual trade deficit, an inflation that nearly doubled the amount of currency in circulation in five years (from 37 billion...
...DEBT LIMIT boost of $7 billion will soon be requested by Treasury Department to make up for current budget deficit and lag in corporate tax receipts next fall. It will ask that $288 billion temporary debt ceiling be raised to $295 billion, but hopes budget will balance...
...steelmaker's bluff, up-from-the-mills mold. He is an "outside man," a lawyer who got to the top by applying his logician's mind to the problems of heavy industry. Reserved in manner, quiet in speech, he runs Big Steel's $3.7 billion empire and its 230,000 employees with an almost academic air. "Blough," says one steelman, "is a real, warm, likable IBM machine." Unlike former Chairman Benjamin Fairless, who thought one of the ways to labor peace was to tour plants with Union Boss David McDonald, Blough believes in separation of management...