Word: billioned
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Dates: during 1960-1969
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...skillfully managed to restore $3.9 million in committee to an education program for Eskimo and Indian children -and was scheduled to meet in New Mexico early this week with Indian leaders to discuss the bill. He floor-managed a National Science Foundation bill that resulted in a half-billion-dollar authorization. He led a fight to kill a $45 million appropriation to extend the west front of the Capitol, a particularly fatuous project promoted by some of the Senate's leading Bourbons. Kennedy has also become once again one of the most prominent voices of dissent against the Administration...
...widely publicized figures on military spending and especially on ABM (still recalled with rancor in north of Boston suburbs). Within the limits of patriotism, defense figures can be made to seem truly appalling. In the TV debates and often on the circuit, Harrington frequently reminded his listeners that and23 billion was wasted on obsolete weapons over the last fifteen years. With the Democrats out of office, the left can feel at case in attacking federal waste...
Almost $3 billion in bonds that would have financed public construction-including a new school for Hondo and a modern hospital for Iron County-have proved totally unmarketable. Probably a much greater total of bonds has not been scheduled for sale because local officials fear that they would find no buyers. Michigan voters, for example, last year approved two issues totaling $435 million to finance antipollution and park-building programs, but state authorities have never tried to set a date for investment-banking houses to bid on them. They have reason for their timidity. About half of the investment-banking...
...plants at maximum capacity, maximum overtime 365 days a year and not build the same car twice." Ford's Torino, for example, offers a choice of five vinyl roof colors, plus 16 body colors, and 33 sets of interior trim. All that contributes to the more than $2 billion that Detroit is spending to bring out its new models, and denies auto plants the economies of long production runs of identical cars. Automen insist that they are only giving the public what it wants. Nobody wants to revert to the marketing philosophy that the buyer can have...
...financial halitosis. Many prophesied an early demise for his Investors Overseas Services, which flouted tradition and aggressively sold mutual funds to investors abroad, much as Fuller Brush men peddle house hold wares in the U.S. Now that the raff ish upstart has built I.O.S. assets to $1.8 billion, he has become too rich and powerful to deride. Investment hous es seek Cornfeld's favor, and continental bankers have begun imitating his sales methods. Last week I.O.S. brought out its first public offering of common stock, and eager investors abroad bid the shares to a large premium...