Word: billioned
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Dates: during 1960-1969
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...bond-mortgage slump reflects even more the ravages of inflation. Corporations, for example, are hurrying to build new plants before construction costs rise even further (see following story), and are selling huge quantities of new bonds to raise the cash. This month U.S. corporations will try to market $1.2 billion worth of new bonds, their heaviest December financing in history...
...people gulp more pills than Americans. Each year the nation's 65,000 pharmacies and 7,137 hospitals fill a billion prescriptions, mostly pills. Amazingly, in an era when men walk on the moon, millions of high-priced man-hours are wasted counting all the pills by hand. Riches have long awaited the inventor who could devise an automatic pill counter...
...Administration has sound reason to bolster the nation's exports. In the long run, the strength of the dollar greatly depends on that effort. The U.S. trade surplus used to average $5 billion a year. This year the surplus will total less than $1 billion, mainly because imports have risen 50% over the past three years, twice as fast as exports. Much of the blame can be laid to U.S. inflation, but not all of it. Farm exports have fallen sharply, largely because Common Market countries have unloaded surplus grain, chickens and other produce abroad at subsidized prices...
...leading contender for the job of developing the new atomic stations is Westinghouse Electric. With one plant in Spain, Westinghouse is negotiating for another in Belgium as part of an effort to form a $1 billion-a-year electrical equipment combine on the Continent. Last year the De Gaulle government prevented Westinghouse from buying Jeumont-Schneider of France, a key company in the consolidation plan, but Westinghouse hopes for a friendlier decision from Pompidou...
...contract expired last May. but the fact remained generally unknown. Though napalm accounted for only about one-half of 1% of Dow's $1.6 billion annual sales, the company had become a target for acrimony. Clergymen led picket lines at Dow's annual meetings. A nationwide boycott was organized against its other products. Raiders splattered its Washington office with...