Word: eca
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Dates: during 1940-1949
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...handmade cars, and at year's end was sadly muttering: "All I need is money." If there was a Businessman of the Year it was Automaker Paul G. Hoffman, who left his job as president of Studebaker and climbed into the driver's seat of ECA, the biggest politico-business enterprise in world history. He got it running with a minimum of gear clashing, and Congress found little need for back-seat driving...
...tall, tight-lipped Sydney David Pierce, 47, onetime Olympic hurdler and Associated Press reporter. During World War II he was stationed in Washington, working on mutual production problems. Since last June, though still nominally Canadian ambassador to Mexico, he has been in Paris watching Canada's interest in ECA...
Would the U.S., he was asked, continue purely relief ECA aid to a Communist or coalition regime in China? Not to an all-Communist government, he said emphatically. But Hoffman said he would recommend aid to a coalition which represented all the people: "If a [Chinese coalition] government were set up that gave the hope that conditions would exist which would permit continuation of free institutions, I think our government would be willing to accept a recommendation of continued...
After all the explanations and qualifications, the official U.S. position shook down to this: 1) Paul Hoffman, as boss of" ECA, had given it as his opinion that the U.S. would continue to give food and other non-military supplies to the Chinese people as long as possible (i.e., until the Communists took over completely, as they have in Mukden, forcing ECA to shut up shop; 2) the State Department, which has made no pronouncement of its political position toward China since the start of the recent Communist military successes, continued to be absolutely...
...billion and up for foreign aid, including $5 billion for ECA in Europe, $1 billion for military lend-lease to Western Europe, $1 billion for aid to Asia...