Word: billioned
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Dates: during 1960-1969
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Most of the world's trading nations are suffering from the loss of the canal. In the first year alone, European countries lost an estimated $1 billion because of the increased cost of sending oil tankers around Africa. India must spend more for grain shipments, and its once profitable exports of iron ore to Europe are no longer economic. For its part, Egypt loses $300 million in annual canal revenues, though $250 million is made up in subsidies by Saudi Arabia, Libya and Kuwait...
...beautiful, wonderful, wonderful job." he said. "Here we are scratching for pennies trying to give Americans a decent place to live in, and we're spend a billion dollars a week in Vietnam. That's what the protest is involved with. Not just students, but everybody's upset...
...Possibly to counter the renewed popularity of Fedayeen Leader Arafat, Egypt's Nasser last week sounded especially bellicose. Boasting about Egypt's readiness for another round of fighting, he said that the country now has 500,000 men under arms and a war chest of over $1 billion. Backing up his words, Nasser ordered a series of daytime raids by Egyptian commandos against Israeli patrols in Sinai...
...haven of unregenerated Nazis, called Brandt's inaugural address a "step forward." The Polish trade mission to West Germany has also started bargaining for an economic agreement that goes far beyond any deal previously negotiated by an East Bloc nation with the West. Totaling nearly $1 billion, the deal would give Poland access to West German credit, production licenses, patents and marketing procedure in return for Polish agricultural products, which are priced far below the West European level...
...financing. One of Wood's wisest moves was pioneering an employee profit-sharing plan that now owns 22% of the company's stock. He retired in 1954 but remained as a director until last year, helping to oversee the company that he built into an $8 billion-a-year colossus...