Word: billioned
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Dates: during 1960-1969
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...possibly this technological boom is a temporary solution to worldwide starvation; but we are playing the numbers game. At the current rate of increase, the world population will double in the next 35 years. Even assuming that we can support unchecked population growth for the next 260 years (400 billion people), the idea of regimentation, loss of personal freedom and destruction of the natural environment is a ghastly prospect...
Although astronomers admit that they are still novices at short-range solar prediction, they can issue one long-range forecast with some certainty. About 5 billion years from now, they calculate, the sun will have used up the hydrogen fuel in its core. It will then begin burning hydrogen in its outer layers and gradually expand-perhaps to 100 times its present size-turning into a giant red globe that will fill most of the sky when seen from earth. Unfortunately, man will not be around to see this spectacular view. The expanding sun will boil away the oceans, melt...
Meanwhile, 99-year-old Goodrich, the nation's fourth largest rubber company, was taking a rather bumpy ride. Last year it earned only 3.9% on its $1.1 billion sales, lowest profit margin among the Big Four. Goodrich was obviously vulnerable to takeover because its ownership was widely scattered and the price-earnings ratio of its shares was relatively modest. It was not long before Goodrich began to draw the attention of a number of acquisitive companies, including Northwest. Goodrich Chairman Ward Keener, a onetime economics professor, began mapping defensive strategies as early as last June...
...industrial sales in the U.S. last year, up from 62% in 1967 and just over 55% a decade ago. In their fields the 500 employed 687 out of every 1,000 workers and accounted for 74% of total profits. Despite the tax surcharge, profits were up 13%, to $24 billion...
Nordek will introduce a third grouping into the European economic picture. With a population of 21 million and a combined gross national product of $50 billion, the four countries already constitute the European Common Market's second largest customer after the U.S. Under Nordek, they will remain in the seven-member European Free Trade Association,* through which four-fifths of intra-Scandinavian trade currently passes duty-free. They plan to establish a customs union that will free all trade among Nordic countries and enact common external tariffs against non-EFTA members. Most important, they will work toward closer economic...