Word: billioned
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Dates: during 1960-1969
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...department would be freed from the shackles of political patronage, parsimonious appropriations and a jungle of congressional rules and regulations that often thwart efficiency. The reorganization would also provide a financial flexibility now sadly lacking by allowing the postal service to float bonds to pay for the estimated $5 billion-worth of plant and equipment improvements needed to achieve modernization...
...case. There is a 23% average turnover in personnel every year; 85% of all employees are in the five lowest pay grades. Operations are guided by a vast hodgepodge of rules and regulations that fill a 9½lb. volume. The accumulated need for facilities and equipment exceeds $5 billion; yet the proposed construction of any major postal facility usually takes eight to ten years to win congressional approval...
...different mood in China. But as Richard Nixon observed during last year's campaign: "We simply cannot afford to leave China forever outside the family of nations, there to nurture its fantasies, cherish its hates, threaten its neighbors. There is no place on this small planet for a billion of its potentially most able people to live in angry isolation...
...made up mainly of value appreciation but it also includes gifts for capital and undistributed "income." Put in more general terms, the investments have increased about two and one-third times every ten years, which leads us to predict that by 1977 they will be worth about $2.4 billion. Isn't this enough -- perhaps even more than enough earning power for the long run? To answer this, we will calculate the long term effects on the investments of increased immediate expenditures and proportionately less saving...
...year. Yet, if the college were completely to subsidize student fees for the next ten years, and if the investments grown at a rate similar to that of the last twenty years (taking into account the fact that much less would be reinvested each year than before) the present billion dollars would become $2.2 billion by 1977. This would hardly leave Harvard financially "busted...