Word: millions
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Dates: during 1960-1969
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BARELY three years ago Congress attempted to force Robert McNamara's Defense Department to go beyond the research and development stage of the anti-ballistic missile (ABM) by voting $168 million for initial hardware. The skeptical McNamara, backed by the White House, refused to spend the extra funds. The very next year, in the face of domestic political pressure and continued weaponry development by the Chinese and Russians, the Johnson Administration reluctantly reversed itself. Now the Pentagon under Defense Secretary Melvin Laird seems eager to press ahead at full speed with an ABM system called the Sentinel-despite hesitance...
Stokes, 41, who had been boosted by Cleveland's press and industry, last May persuaded the private sector to ante up $10 million, primarily for housing and unemployment programs. That seed money for a much-touted "Cleveland: NOW!" effort has already sprouted more than $100 million in massive aid from federal matching fund programs. It has found jobs for 5,900 hardcore unemployed-more than a fourth of the city's total-and disbursed $500,000 to help black businessmen get started. It will create 4,600 new housing units by the end of next year...
...able to tap foundations as weU as the Federal Government. When he threatened to re-evaluate U.S. Steel property, the results were immediate. The company started building middle-income houses, recently gave the city land for a park and donated some funds. Altogether, Gary has received more than $30 million in federal and private grants-more than in its entire 62-year history...
...Nixon a decade ago when he visited South America as Vice President. Peru's rulers have seized a U.S. oil subsidiary called International Petroleum Co., and refuse even to discuss reparations with parent Standard Oil of New Jersey. Indeed, the Peruvians claim that I.P.C. owes them another $17 million. Two weeks ago a perennial squabble over fishing rights flared again when a Peruvian navy vessel challenged U.S. tuna boats working within the 200-mile limit that Peru claims as territorial water. On earlier occasions, tuna men were released after buying fishing licenses. This time the Peruvians pumped more than...
...years have opened embassies in Colombia and Chile as well as Peru, and are now recognized by six South American nations. Even where there is no formal relationship, Moscow has been busy pushing rubles and culture. Total Russian trade with Latin America is growing and now amounts to $260 million, compared with $157 million in 1965. Moreover, in pursuit of diplomatic gains, the Russians graciously let the South...