Word: trillion
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Dates: during 1960-1969
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...press-conference "good news" about the U.S. economy. Ike made one announcement that everyone had long expected: final figures for the gross national product during the first quarter were above earlier estimates. The value of goods and services produced in the U.S. had nudged over the magic half-trillion-dollar mark, was running at the rate of $502 billion a year...
...broadest indicator of the vitality of the U.S. economy is gross national product. Would it reach a spectacular half-trillion dollars ? Word went down from the White House to the statisticians: if it does, the announcement should be made by President Eisenhower himself. At week's end the news was out-and not announced by the President. Government economists reported that the output of goods and services in the first quarter of 1960 reached the record annual rate of $498 billion. Though running at the $500 billion mark by the end of the quarter, it fell just short...
...effort called Project Ozma-after the Princess in Author L. Frank Baum's strange and faraway Land of Oz. In Project Ozma, Green Bank's 85-ft. radio telescope is turned toward Epsilon Eridani and another star, Tau Ceti, both of them about eleven light years (66 trillion miles) away. Tuned to the 21-centimeter waves (1,420 megacycles) that come from cold hydrogen in interstellar space, the telescope is so set up that it points for a short time at the target star, then at an empty region beside it. The system eliminates background "noise...
...vast new source of natural gas for U.S. homes and industry was unlocked last week. Satisfied that Canada is endowed with gas reserves well beyond its own needs for at least the next quarter-century, Ottawa approved gas exports to the U.S. of 7.3 trillion cubic feet, an amount that could fuel New York City at present rates for 80 years. The Alberta oil and gas industry, with $200 million tied up in 1,000 capped gas wells, let out a jubilant whoop. Well it might: Canada's new National Energy Board estimated that exports under the four approved...
...Canadian Petroleum Association predicted that the new markets would spur a $6.8 billion oil and gas development in Alberta, British Columbia and the untapped Canadian North in the next decade. The Energy Board estimated that consumption, in Canada and by export, will have totaled 45.6 trillion cubic feet by 1990-when Canada will still have at least that much left in the ground...