Word: dillon
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Dates: during 1950-1959
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...problem. Last spring he began inviting Administration leaders to conferences and lectures. At first the State Department was horrified at the prospect of revising foreign-aid policy (and some of its staffers still are), but Anderson found a sympathetic listener in Under Secretary (for Economic Affairs) C. Douglas Dillon, longtime international banker both on Wall Street and in Government and a firm believer in the imperatives of a sound world economic policy. Gradually the President's statements on foreign aid began to soften. By last September, Anderson could bluntly tell the World Bank and International Monetary Fund meeting...
...final Crimson football practice of the 1959 season ended last night in a dash down a flare-lined aisle outside Dillon Fieldhouse to the accompaniment of the Harvard Band and the hearty applause of a meager huddle of undergraduate well-wishers...
Coach John Yovicsin will speak tonight to a pre-Yale game pep rally on the steps of Dillon Field House. The rally, to cheer the varsity football team on to victory over the Elis, will start about 6:45 p.m., when the team finishes its final home practice session. Highlighting the cheering will be the Band, which will play its repertoire of Harvard fight songs...
They then let down quota barriers against U.S. goods, responding to Under Secretary of State Douglas Dillon's warning (TIME, Nov. 9) that they would face a "resurgence of protectionism and restrictive action" if they did not. Britain, France and Japan agreed that the time has come for thriving nations to scrap discriminatory trade restrictions against the U.S. born of postwar dollar shortages. In many cases the changes were more psychological than real, for tariffs or market conditions will continue to exclude what quotas do not. Still, the U.S. was only hoping to boost exports 10%. As for Washington...
Symbolic Strings. Dillon's strong statement was part of a massive readjustment of U.S. economic policy to fit the facts of modern economic life. Last year, chiefly because of spending for economic and military aid, the U.S. sent abroad $3.4 billion more than it received for its exports. Faced with a $4 billion gap in fiscal 1960 (ending next June 30), Treasury Secretary Robert Anderson has got the President's permission to cast a hard eye over next year's foreign-aid budget and audit the Pentagon's spending for overseas forces and bases. Last month...