Word: billions
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...seven-month-old government of Ayatullah Ruhollah Khomeini is moving desperately to keep its grip over the chaotic country. One measure of its new-found realism was the disclosure last week that Tehran is negotiating with the U.S. for the delivery of at least part of the $5 billion in American arms and equipment that the Shah had ordered. Iran is still anxious to sell back to the U.S. the 78 advanced F-14 fighters that the Shah bought in the mid-1970s, but it is now in need of spare parts for its American equipment, as well as ammunition...
...sluggish, and foreign goods have poured into the U.S. at an ever increasing rate. Coupled with the nation's increasing dependence on foreign oil, this has meant that the U.S. has managed to eke out a trade surplus only twice since 1971, running up a cumulative deficit of $59 billion in those years...
...came with Viet Nam. Lyndon Johnson's Keynesian economic advisers warned him not to finance both the war and his cherished Great Society programs without asking for a tax increase, but he refused to take the unpopular step until much too late. From 1965 to 1969, more than $42.5 billion in Government deficit spending flooded into the economy, which was already surging ahead at nearly full capacity. Result: inflation leaped from...
EXCESSIVE REGULATION Government rules have forced companies to spend cash on costly environmental, health and safety equipment rather than on modern machines. Earlier this year, the congressional Joint Economic Committee deplored the fact that U.S. industry in 1977 had to spend $6.9 billion for pollution-control equipment "that does not contribute directly to the production of measured output...
...already has black Africa's largest population (about 80 million) and most bounteous economy (1978 gross national product: $33 billion), as well as the clout that comes with being a rapidly emerging leader of the Third World. To those assets, oil-rich Nigeria may soon add another that is very rare in its part of the world: a democratic government...