Word: millions
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Dates: during 1960-1969
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...Transport Licensing Board was busily apportioning Eagle's routes, and a creditor-chosen liquidator was seeking buyers for the airline's 17 outdated Britannias and Viscounts, which along with eight leased jets constituted the airline's fleet. Debts outweigh assets by some $10 million, and some creditors may have to settle for five shillings to the pound. To his workers lining up for their final pay, Bamberg said sadly: "Let us hope that this is not goodbye...
...automobile show was in full swing in the city's exhibition hall at Parque Ibirapuera, and auto manufacturers were making the most of their opportunity to trumpet that in one decade Brazil has managed to develop a viable motor industry. As recently as the 1950s, Brazil spent $140 million a year to import autos; last year, because of increased domestic production and higher tariffs, imports amounted to $3,000,000. This year the country's carmakers will turn out 270,000 cars and trucks, show sales of nearly $1 billion, provide jobs directly or indirectly...
...Almost inevitably, the auto boom has brought problems along with progress. Petrobras, the state oil company, has long hoped to supply all of Brazil's petroleum from domestic wells. But the rising statistics of auto ownership obliges Brazil to import about 50% of its annual supply. The $260 million oil bill that car drivers run up more than offsets the savings on auto imports. As such, it is a primary factor in the country's painful balance-of-payments deficit...
Since auto insurance recently became mandatory, 200 companies have begun doing $67 million worth of business a year. Auto advertising is also increasing. Everywhere there is a big buildup of service stations. The country does not have enough first-class roads and is undertaking an expensive program to build 8,000 miles of highway. But until these roads are completed, mammoth slowdowns will persist. On one sunny Friday, the rush of cars from Sāo Paulo to the beaches resulted in a 50-mile traffic backup...
...Even as millions of Swift & Co. "Butterball" turkeys were being carved last week, the Chicago-based meat-packing colossus announced that it had little to be thankful for this year. In fiscal 1968, which ended in October, sales dropped 5% to $2.8 billion, and Swift suffered a $42 million overall loss...