Word: billioned
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
Your story of "The House & Its Rulers" convinces me that the U.S. Congress is a luxury we can no longer afford. All we have is a group of seniority self-perpetuating, conniving egos that have built a monument of 285 billion reasons why they have failed...
After a three year Ford Foundation study on the economics of higher education, Harris has recommended that the nation-wide student-faculty ratio be increased from the present 13:1 to 20:1. Such a rise would reduce the costs of higher education by $1.5 billion a year within 10 years, he said...
Anderson's troubles began last spring when it became clear that the Treasury would have to raise up to $12 billion to cover the Government's deficit for this fiscal year. But they did not become acute until summer. Then Government bonds, which had been providing speculators with fat profits as they rose while interest rates fell (TIME. Aug. 18), went into a slump when interest rates began to climb again with the economic recovery. As bond prices slid, their yields rose. Secretary Anderson found himself in a vicious circle; to sell his securities he had to keep...
...They want to work toward a balanced budget, not merely for the symmetrical sake of balance itself, but in order to cut taxes as an encouragement to both business and consumers. Even the A.F.L.-C.I.O.'s Ruttenberg admits that tax cuts "worked" when the Administration chopped taxes $7.5 billion in 1954: the next year's growth was 8%. How to cut taxes and still maintain vitally important defense programs? Economist Slichter thinks it is just a matter of "common sense," starting with the $5.3 billion farm subsidy. Says Slichter: "The farm subsidies are just plain corruption...
There is only one official U.S. function that a Government monopoly entrusts to a private monopoly. The company is Connecticut's Pitney-Bowes, Inc. P-B makes, sells, rents and services the postage metering machines* that print and postmark more than $1 billion worth of stamps on business mail every year. This not only saves millions in postal handling costs for the U.S., but it brings to P-B exceptionally high profits of 9? per revenue dollar. P-B announced this week that 1958 earnings rose 7% to $4.4 million on gross income of $51.3 million. P-B will...