Word: millions
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Dates: during 1960-1969
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...Jewish organizations opposed the reparations plan but favored "massive Government aid." Even Negro church leaders expressed skepticism over Forman's demands. The Black Manifesto, said Rev. J. H. Jackson, president of the National Baptist Convention U.S.A., Inc., the nation's largest Negro religious group (reported membership: 6.2 million), carries "as firm a message for the destruction of the United States of America as has ever been given...
...unloading their bond holdings to raise money for loans that underwriters are being forced to offer "shock prices" to sell new issues at all. Southern New England Telephone Co. last week paid 7.723% interest-the highest for any unit of A.T. & T. since 1921-to bring out $65 million in debentures...
...raising the value of the mark virtually guarantees that the country's economic surge will continue, probably at a perilously fast pace. The output of German factories so far this year has leaped 17%. Last week Bonn announced that its foreign-trade surplus in April rose to $325 million, compared with $275 million in April 1968. A deluge of foreign orders 41% higher than a year ago is pushing Germany's industrial machine toward the limits of capacity. "We cannot go much further," says Werner Meyer, director of Blaupunkt, the Bosch radio and television subsidiary. "We work...
...find a proper nursing home for an aged relative has suffered a special agony. Homes that offer merely adequate care and comfort are hard to find, and the demand for places in them is rising steadily. For one thing, the 65-and-over population, which is already approaching 20 million, is growing by 1.7% a year, compared with 1.3% for the total population. Government programs also subsidize the convalescence of the ailing aged. For an oldster who has been in a hospital at least three days, Medicare will pay nearly all costs for 100 days in an approved nursing home...
Subject to Audit. On the surface, the business looks healthy. Chains have little trouble filling beds with Medicare-Medicaid patients. Southern California's Beverly Enterprises, one of the biggest chains, in six years has opened 27 homes, and its revenues have climbed from $3.2 million in 1967 to $17.4 million last year. Some chains have ambitious expansion plans. Four Seasons Nursing Centers of America, a 40-home Oklahoma chain that has grossed more than $6,000,000 in fiscal 1968, is negotiating to borrow $45 million to promote a home franchising program. Still other companies have shown enough growth...