Word: dillons
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...wallpaper decorated with Revolutionary War scenes; it will be used to paper Jackie's private dining room. Mrs. Albert Lasker gave the committee a marble bust of George Washington, and a jowly, side-burned bust of Martin Van Buren was discovered in storage. Treasury Secretary and Mrs. Douglas Dillon chipped in with a roomful of Empire furniture including a mahogany library table and an anonymous source lent a Samuel F. B. Morse portrait of Revolutionary War General John Stark. Back to the White House from a private home in Virginia came a tufted upholstered chair that was formerly...
Businessmen who have wondered when -if ever-those "Soaring Sixties" would finally begin to soar got a bullish answer last week from Secretary of the Treasury Douglas Dillon. Said Dillon: ''It is probable that by this time next year, our economy will be in high gear. We may well be in the midst of an economic boom...
...boom Dillon meant a gross national product that would skip from the current rate of $512 billion to $530 billion by this year's final quarter and to $570 billion at the end of 1962-perhaps even generating enough profits and tax revenues for a tax cut next year. In its semi-annual forecast out this week, FORTUNE reached much the same conclusions. It predicted that by Christmas of 1962 the U.S. will see a $575 billion G.N.P. and a near-record 25% jump from the recession low in the Federal Reserve Board's Industrial Production Index. Suggesting...
Along with his glowing expectations for the domestic economy (see above). Treasury Secretary Dillon last week voiced cautious optimism about the U.S.'s position in the world economy. After running up an $11.2 billion balance-of-payments deficit in the last three years, the U.S. this year is narrowing the gap. Preliminary figures indicate that for the first six months of 1961, the overall deficit will run only $600 million v. $1.3 billion for the same period last year. In the so-called "basic balance of payments" (which excludes short-term capital flow), the U.S. will probably show...
While Secretary Dillon pointed with pride, his British opposite number, Chancellor of the Exchequer Selwyn Lloyd, wrestled with a new economic crisis. At a luncheon of the Association of British Chambers of Commerce last week, Lloyd tacitly confessed that Britain could no longer afford the economic strain of behaving like a great power, must cut its military expenses and avoid increases in foreign aid. Said Lloyd grimly: "We have been trying to do too much . . . Since the war, we have spent money out of all proportion to our resources to hold the free line throughout the world...