Word: billions
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Dates: during 1960-1969
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...Private U.S. investment abroad passes $100 billion, double the 1960 level...
...Profit Alone. Clausen's main challenge will be continuing the bank's phenomenal expansion. During Peterson's six-year tenure, assets have risen from $14.7 billion to more than $25 billion, and the number of foreign branches has expanded from 44 in 1966 to 96 now. Four years ago the BankAmericard operation counted 1,300,000 cardholders in California; it now has 27.5 million cardholders in 48 states and 40 foreign countries, and is adding a million new customers a month...
...bridges and engineering studies. The U.S. has spent about $36 million. Thailand has completed two dams, Laos is working on the big Nam Ngum Dam, and Cambodia has begun a power and irrigation project near Pnompenh. Now the most ambitious project of all is ready for financing: the $1 billion Pa Mong Dam between Thailand and Laos. The dam, the first to span the Mekong itself, will generate more electricity than Egypt's Aswan Dam. Despite the solid advances, however, the Mekong plan's future is in doubt...
Eutrophication is partly a natural process, but man's contribution is accelerating it out of control. Congressman Henry Reuss, a Wisconsin Democrat, singles out one offender. At last week's hearings of the House Subcommittee on Conservation and Natural Resources, he charged that the $1.2 billion detergent industry is largely responsible for the damage...
About five billion pounds of detergents are now being used annually, said Reuss. On the average, each pound contains about 40% phosphate, which does a fine job of cleaning dishes and clothes. But once flushed down the drain, it begins its environmental dirty work. Reuss has introduced a bill that would ban the manufacture and importation of detergents containing phosphate after June...