Word: billions
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Dates: during 1970-1979
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...Commerce Secretary, she won encomiums from colleagues and White House aides. The department has 30,000 employees, a budget of $3.2 billion and a heterogeneous collection of responsibilities ranging from taking the census every ten years to collecting economic statistics every month. Kreps once quipped: "The only difference between Commerce and Noah's ark is that Commerce has only one of everything...
...over precious metals so much as money-specifically the battered U.S. dollar. Once again greenbacks were being sold off heavily in world markets in exchange for more robust currencies. Struggling to keep the buck from plunging further, which would hurt West German exports, the Bundesbank spent $1.2 billion in deutsche marks to buy up unwanted dollars last week. By happenstance, as the buck was worrying down again, central bankers, finance ministers and some 6,000 other leading moneymen were gathering in Belgrade, Yugoslavia, for the annual meeting of the 138-nation International Monetary Fund. Treasury Secretary G. William Miller...
...obtain from the Rural Electrification Administration. The contract between Falkirk, United Power, and Cooperative Power is set up in such a way that the more Falkirk's cost of production increases, the more money they receive. The cost of the project has already increased from $536 million to $1.2 billion, and the electricity it produces is expected to be some of the most expensive in the state...
Treasury Secretary G. William Miller turned down the company's initial aid proposal partly because its $1.2 billion request seemed extravagant and partly because he wanted the automaker to induce unions, suppliers and other parties to join in its recovery effort. One intriguing possibility involves the United Auto Workers' allowing Chrysler's pension fund to be used as a source of cash-perhaps in exchange for worker representation on the board of directors or for some other say in management...
...darter met defeat. Congress had already voted to allow exceptions to the Endangered Species Act because of "irresolvable conflict," and Republican Howard H. Baker of Tennessee moved to apply this gambit to the snail darter. When that failed, Baker resolutely pushed again, and Tellico was tacked onto a $10.8 billion energy and water appropriations bill. President Carter, on record as opposing the dam, faced a bitter choice. The bill reportedly contained no other pork barrels that he had fought, and it kept alive his Water Resources Council, an independent body that judges future projects. Moreover, the Endangered Species...