Word: eca
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Dates: during 1950-1959
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...midst of last week's irascible squabbling over ECA, he reproposed an amendment which had been cold-shouldered when he thought it up last year. Fogarty wanted the U.S. to withhold Britain's $687,100,000 share of ECA dollars until the Redcoats got out of Northern Ireland. Last week Congressmen with Irish names, and others who were only looking for a chance to embarrass the Administration, suddenly and whimsically leaped aboard Fogarty's dream boat. After being assured that they could duck out again whenever they wanted, they voted...
...other U.S. companies announced overseas development projects last week, without benefit of ECA funds...
Vorys argued that since Europeans would spend at least $1 billion of the ECA money for U.S. agricultural products anyhow, his plan was simpler and certainly cheaper, for the U.S. would be able to unload some of CCC's vast surpluses of cotton, wheat, corn, dried eggs...
...Solborg signed three contracts that made good reading in any language. The biggest deal called for Armco to supervise construction and operation of Italy's first continuous strip rolling mill, at the Cornigliano steel plant near Genoa. The mill, which will cost $87 million, will be financed by ECA (32%) and the Italian government, and is one of the first joint attempts by ECA and U.S. private enterprise to help Europe's steel industry...
Solborg also signed up Armco to install a continuous strip process in the Fiat auto plant at Turin, and to help with a $4,300,000 modernization of a sheet steel mill at Terni, 34% financed by ECA funds. Said Solborg: "This is the sort of thing ECA should have been doing from its very beginning. The only way to impart American know-how to European industry is through people who do it best-American business and industry...