Word: millions
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Dates: during 1960-1969
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...stretch of open water north and east of it that is ideal for polar-orbit launchings. As a result, France, forced out of its former space station in the Algerian desert two years ago, is bringing French Guiana into the space age with a $102 million investment in launch pads and their support complexes...
Shopkeepers to the Streets. Big wage increases could put new inflationary pressures on an economy that is already severely strained. Because inflation has hindered exports and stoked domestic demand for imports, French trade deficits ran more than $200 million a month in both December and January. Devaluation of the franc would relieve the competitive imbalance by making French goods cheaper on world markets. But devaluation would also be a bitter political setback for Charles de Gaulle, who has staked his prestige on maintaining parity of the franc at 20 U.S. cents. Even so, a currency that foreigners hesitate to handle...
...that made its maiden flight last week is far more than the newest transport to take to the air. The plane is a gamble for enormous stakes; Paris and London together have invested more than $1.5 billion in the plane, nearly triple the original estimate, and have budgeted $600 million more for initial production. On the Concorde rides much of the future of the aeronautical industries of both France and Britain, as well as the possibility of further industrial partnerships between the two countries. Sales of the plane could bring in significant amounts of foreign exchange to lift already shaky...
...Complaints. On June 1, with the approval of Japan's rather toothless antitrust watchdog, the Fair Trade Commission, Fuji and Yawata will form the New Japan Steel Co., the world's second largest steel company after U.S. Steel Corp. Last year the two partners produced 25 million tons v. U.S. Steel's 32 million; they had sales of $2.5 billion. Under the presidency of Yoshihiro Inayama, now the chief of Yawata, the new company will employ 80,000 people in ten huge, highly integrated mills throughout Japan...
...Japan's steel, compared with around 20% in the U.S. and 10% in Europe. The combine will create a large pool of capital resources for investment in still more up-to-date equipment. It will also be a formidable competitor in international markets. Last year Japan produced 74 million tons of crude steel-exceeded only by the U.S.'s 131 million tons and Russia's 118 million-and one-fifth of the output was exported...