Word: trillions
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Dates: during 1960-1960
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...about 4 trillion particles enter the bulb in one second, the agitated gas gets dense enough to support a sort of chain reaction. A few atoms spontaneously lose their extra energy, which they emit in the form of photons (units) of radio microwaves about 21 cm. (8.3 in.) long. The newborn photons hit other hydrogen atoms and make them emit photons too. Then a pulse of microwaves bursts from the bulb and is gathered as high-frequency current by apparatus outside...
...blame for today's apparent shortage in the midst of plenty can be placed on speculators, though they have pushed paper values in land up to an astounding half a trillion dollars. Lack of planning by cities and wasteful over-zoning by many suburban communities have contributed. Many of the choicest U.S. suburban towns keep out small-home buyers (whose children would cost the town more to educate than their parents would pay in taxes) by requiring two-acre lots, setting stiff building codes that make new houses expensive...
...Government economists felt better about the continued growth of the U.S. economy. In the April to June period, they estimated that the gross national product rose to an annual rate of $505 billion, $5 billion more than the first quarter, when the economy at last hit the magic half-trillion mark. The Administration's economic experts expect the G.N.P. to move up to $510 or $512 billion in the third quarter, to $520 billion in the fourth quarter. While this would be below the wild-blueyonder January estimates of some forecasters, the G.N.P. would average out for the year...
...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...