Word: billioned
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Dates: during 1950-1959
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...that are a powerful deterrent to general or limited war. has linked up with nearly 50 nations in collective security agreements. The problem: U.S. spending on national defense, atomic energy, foreign military aid will, by the President's budget (to be presented to Congress next week), total $47 billion in fiscal 1960, or more than 60% of the federal budget. The U.S. is already investing $7 billion a year in missiles, developing fighter planes that cost 50 times as much as World War II models, buying bombers that cost more than their weight in gold...
...Nizam of Hyderabad it can be truly said that he is the man who has everything. In his 72 years, he ruled a state of 18 million people, bossed a brilliantly uniformed army of 22,000 men, had a fortune estimated at $2 billion. In his sprawling King Kothi palace, diamonds, rubies, sapphires, pearls and lesser gems are stored in $3 steel trunks fastened with "English-made padlocks...
Dutch-born Astronomer Gerard Kuiper (rhymes with hyper), head of the University of Chicago's Yerkes and McDonald observatories, thinks the moon was formed at the same time as the earth (5½ billion years ago), but at first it revolved only about 20,000 miles from the earth's surface. Beyond it were a lot of smaller satellites arranged in a disk somewhat like the rings of modern Saturn...
WANDERING AMERICANS will lay out $28 billion for travel this year, up 12% from record 1958. They will spend $2.5 billion in foreign travel in 1959, close to $5 billion by 1964, predicts American Society of Travel Agents...
...with Atrocities. The judgment may be somewhat exaggerated, but retailers from coast to coast are solidly optimistic about their prospects. In household furniture alone, says Paul Brandt, president of the National Association of Furniture Manufacturers, retail sales should top $4.3 billion for a 10% jump ahead of 1958. Boston, Atlanta, Denver. San Francisco retailers already report sales above last year, despite the record Christmas buying...