Word: millions
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Dates: during 1960-1969
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...routinely enough in 1964. The Port Authority asked only U.S. Steel and Bethlehem Steel for preliminary estimates, assuming that those two giants alone had the capacity to fill such a huge order. Both companies sent in estimates and draft contracts calling for a total charge of just under $82 million. Two years passed before the Authority sent each company the final specifications for a binding bid. Then U.S. Steel raised its bid to $122.2 million, and Bethlehem came in at $118.1 million...
Stunned by the increases, the Authority junked the bids. It parceled out the work to 13 smaller companies under 15 separate contracts totaling $85.4 million. Now, the Justice Department is looking into the case to decide whether price-fixing or some other collusion was involved in the soaring bids by U.S. and Bethlehem...
SDRs will be allocated to the IMF members in proportion to their quotas in the fund. The chief beneficiaries will be the U.S. and Britain. Under the deal reached in Paris, $3.5 billion in SDRs will be issued next year. More than $700 million will go to the U.S. An additional $3 billion will be issued in each of the succeeding two years. That is not quite as much as the U.S. hoped for as a start, but it is more than Continental nations wanted...
...from Japanese goods and depend on Japanese-built supertankers to move Mideast oil to them despite the 26-month closing of the Suez Canal. In tiny mountain towns of Western Canada, long-unemployed miners are going back to work to dig the coal needed to fill a new $600 million order from Japanese steel mills. Ideologically impartial, Japanese industrialists trade with Peking and Taiwan, cut timber in Siberia and make 70% of the baseball gloves sold in the U.S. Japanese experts are training rice farmers in India, and fishermen in Ceylon, building drydocks in Singapore and generally doing more than...
...some startling inefficiencies that tend to keep consumers from sharing fully in Japan's industrial growth. Businessmen abroad complain about the low prices of Japanese exports, but prices inside Japan have been rising at close to the fastest rate in the industrialized world -5.3% last year. The 102 million Japanese now own more appliances per capita than any people except Americans but have practically no room for them. Housing space in metropolitan areas averages 40 ft. per person, no more than before World War II. To millions of people jammed into the overcrowded cities, Japan's industrial might...