Word: billioned
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Dates: during 1960-1969
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Cranked Out. An estimated 8 billion amphetamine pills are produced each year in the U.S. Federal officials estimate that no more than half this production is routinely dispensed by medical prescription. Much of the remainder is diverted to criminal channels by loss, theft and misdirected shipments. Said Committee Chairman Claude Pepper: "It is alarming that more than half of the stimulant and depressant drugs are articles of llicit drug traffic...
After ten years and nearly two-billion dollars, Manhattan's Lincoln Center for the Performing Arts is now officially complete. This week the new Juilliard School, the last in the Center's complex of cultural institutions, celebrated its opening with a gala concert -by famous old grads-and a tour through its sumptuous new quarters...
...road to be cleaned up first. Then teams of engineers would draw survey maps, appraisers would evaluate every sign, Government would review the appraisals, and finally the billboard company would get a contract to remove a sign. The whole process, Snarr saw, could last decades and cost $2 billion or more...
After the Government banned cyclamates, the diet-food industry last week began one of the fastest turnarounds in U.S. industrial history. Officers of firms in the $1 billion-a-vear diet market hustled to cut their ties with cyclamates, to find an acceptable substitute, and to redirect marketing efforts to preserve demand for their heavily promoted brands. From now on, many of the diet drinks will be sweetened by a sugar-saccharin compound that may contain 30 calories in eight ounces, compared with only one or two calories in a cyclamate drink and 105 in a cola sweetened with straight...
...corporate bigness. Last week a federal court refused to stop International Telephone & Telegraph, the largest conglomerate, from going ahead with one of the biggest mergers in U.S. history-the acquisition of Hartford Fire Insurance Co. The combination would raise ITT's assets by 50%, to more than $6 billion...