Word: million
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Dates: during 1940-1949
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After reading the article on Carl Strandlund and the Lustron home [TIME, July 4], I would say that Preston Tucker hadn't used his head in financing his auto company. Tucker apparently squandered about $28 million belonging to various private individuals and he has the Government and half the newspapers and magazines in the country on his neck. Carl Strandlund "has spent" $32.5 million in a period of about two years, apparently needs $3,000,000 more, is all set to spend another $1,000,000 a month...
...auto workers, in convention in Milwaukee, voted a $10 million war chest to win from Ford some of the creature comforts of the "welfare state" (see below). Old John Lewis, whose miners have all kinds of welfare already, had put his men on a three-day week to spread the work around...
...whole U.S. crop, the Department of Agriculture, which estimated it at 1,336,976,000 bushels in June, this week revised it down to 1,188,690,000. One of Chicago's ace wheat forecasters, C. M. Galvin, trimmed his own previous estimates by 153 million bushels...
...long-faltering U.S. domestic airlines, the distress signals were finally hauled down. The Civil Aeronautics Board reported last week that the 16 major domestic carriers had a gross profit of $11 million for the twelve months ended...
March 31, v. an operating loss of $16 million for the previous year. In the last three months, traffic had picked up so much that many an airline (e.g., American, United, Capital and Western) which had losses in 1949's first quarter thought it had earned enough in the second quarter to wipe them out and show a profit besides. American, for example, might well show a net of close to $3,000,000 for the first six months, more than enough to offset its entire 1948 loss...