Word: billioned
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Dates: during 1960-1969
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...ultimate aim is to reverse the steady growth of relief rolls. In the end, this would save money as well as redeem wasted lives. But to get started, the extra welfare cost to Washington would be $2.5 billion. For its $4.7 billion-a-year investment under the present system, however, the Federal Government has little to show...
...Last week this tradition was reversed when the House took a long-overdue step toward granting the country's front-line taxpayers some R & R from the financial wars. By a lopsided vote of 394 to 30, the House approved a bill that would ultimately give citizens $9.2 billion worth of relief, by lowering certain tax payments, and the Treasury $6.9 billion worth of reform, by plugging various loopholes...
Brinkmanship. Although the Senate vote promised that the 10% surtax will continue to take some fuel out of the country's overheated economy, the compromise can hardly be considered a victory for the Administration. The extension will bring in $5.6 billion. The House-approved Administration bill, which would continue the levy at 5% for an additional six months starting Jan. 1, would bring in $7.6 billion. Still, the Administration seemed content with two-thirds of a loaf. It came perilously close to getting nothing...
...constant monitoring of all its processes. In addition, it is now recapturing some valuable chemicals that previously went up the stacks, while selling a new line of pollution-abatement equipment to other industries. Thus Monsanto has moved into a growing market that it estimates may soon reach $6 billion a year. "By 1975, we hope to be doing $200 million a year in such business," says Leo Weaver, general manager of Monsanto's new department, Environmental Control Enterprises...
...stock market's $100 billion decline since mid-May has wounded every kind of investor-amateur and professional, neophyte and veteran, racy speculator and wary conservative. The psyche has been hurt as badly as the pocketbook, and the pain of loss is sharpened by the thought of what might have been. Though every investment is a risk, more investors than usual are furious at their brokers for having talked them out of selling last spring, when they could have cashed in rich profits...