Word: millions
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Dates: during 1960-1969
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...does admit-10% of them are M.D.s, most of the others college graduates with science degrees-the rewards are plentiful. The university has an endowment of $220 million and an annual budget of $16,290,000, and its pleasantly landscaped, 15-acre riverside campus features a 120,000-volume library and 14 buildings housing the most up-to-date research equipment. Spared tuition costs, each student also receives a fellowship of at least $2,500 for living expenses. The university also throws in $1,000 so that students, or "fellows," as they are called, can start building personal libraries...
...Just as the Southern Baptist Convention, with more than 11 million members, is the U.S.'s largest Protestant denomination, most Negro Christians are also Baptists. Negro Baptist churches have a combined membership of more than 8,000,000. The next largest Negro churches are: African Methodist Episcopal, 1,166,301 members; African Methodist Episcopal Zion, 1,100,000; Christian Methodist Episcopal...
...most economic indicators are angled sharply upward. Last week the Department of Labor reported that unemployment declined slightly in March to 3.6% of the civilian labor force, close to the 14-year low of 3.5% that was reached in mid-January. Total employment hit a new high of 75.8 million, and joblessness among nonwhite workers fell from 7.2% in February to 6.9%, or 615,000. Business investment, led by an estimated 3½% gain in plant and equipment spending, was stronger in the first quarter than Government economists had expected. Housing starts, at their 1,500,000-a-year February...
...American Insurance Association estimates that the first six days of the recent disturbances will cost the industry at least $45 million, with the biggest losses in Washington, Baltimore and Chicago. Last year the insured loss in Detroit alone was $45 million. Unless the Government steps in, there may soon be no insurance available in the ghettos, says Edward Rust, president of State Farm Insurance Cos. "There just aren't enough dollars if this rioting is to be an annual event...
...from the Debris. While they look toward that kind of help, insurance companies plan to continue another phase of their operations in the ghettos. Since last September, when they pledged to divert $1 billion of their annual $16 billion flow of investments toward slum areas, over $350 million has been committed for a total of 26,588 housing units and 7,551 permanent jobs. Among the projects: a $4,500,000 low-income cooperative rising on nine acres of cleared land in debris-strewn Newark, $8,500,000 to construct 530 single-family houses in Chicago, and $15 million...