Word: millions
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Dates: during 1960-1969
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Washington seems to be moving in these directions. Last week President Nixon decided to abolish the often criticized principle of "additionality," which, since 1965, has forced Latin Americans to buy American goods with U.S. aid money. Last year, 92% of the $336 million aid package to Latin America was, in fact, spent in the U.S., compared with only 41% in 1960. Additionality was originally introduced to help improve the U.S. balance of payments, but has brought the U.S. a mere $35 million in annual savings. Since that amount is but a drop in the $4 billion annual U.S. sales...
...natural wealth. The plan emphasizes food production, irrigation, rehabilitation of the infrastructure and land-sea-air communications. If all goes well, Indonesia will be self-sufficient in rice production by 1974. The government also hopes to persuade 3,000,000 women to adopt birth-control methods. Exports, worth $643 million last year, are important in the country's growth plans. By 1974, Indonesia hopes to raise its export of primary commodities such as oil, rubber and spices to around $800 million...
Many Economies. For all the successes of Suharto's technocrats, Indonesia's persisting problems are staggering. Unless the benefits of stabilization filter down to the masses soon, political problems may surface again. The new five-year plan is dependent in part on foreign aid, which totals $500 million this year, $208 million of that from the U.S. A drop in assistance could cripple the plan. So could a bad harvest. The bureaucracy remains often corrupt, inefficient and underemployed, and civil service reform is a long way off. The nation's Chinese minority (about...
...twelve years since Graham last crusaded in New York, he has become more than ever a national institution. His evangelical enterprises, including Decision magazine (circ. 3,500,000), run on a budget of more than $15 million a year. Over the years, he has preached in person to more than 40 million people, and persuaded some 1,200,000 to declare their spiritual conversion to Christ. Last January, he offered a prayer at President Nixon's inaugural, and he prepared for the New York crusade in Nixon's Key Biscayne home. He has even won the friendship...
...worth $5,000,000, and he had hardly started. Leaping from venture to venture, merging and consolidating, he expanded into railroads, buslines and publishing until at one point he was said to control 115 companies spread from Canada to South America. Estimates of his wealth ranged up to $600 million, but Murchison never bothered to total the figures. "Money is like manure," he once said. "When it stacks up it stinks, but when you spread it around it makes things grow...