Word: eca
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...work with his colleagues, to accept the slowness of Senate processes, and to keep his ulcers from acting up. In White House conferences, he gives President Truman an honest count, even when it is painful. He fought gallantly for the civil rights program, beat off crippling amendments aimed at ECA, even went to a Republican caucus to plead for a liberalized D.P. bill. Not brilliant, he is a slogging, dogged fighter...
...meaning of "economic union" has already become a cliche--"integration of the European economy." Integration at first appears to be a vague word, but it has a very specific meaning to ECA administrator Paul Hoffman. He has defined it as "the formation of a single large market within which quantitative restrictions on the movement of goods, monetary barriers to the flow of payments, and eventually all tariffs are permanently swept away." This is a radical plan for an area in which almost every country now has restrictions on the volume of imports, rigid exchange controls, and long-established tariffs...
...House Bill will no longer permit this. Europe will have to take powdered eggs whether it wants then or not, and will have to give up a billion dollars worth of the goods it needs. ECA's chief, Paul Hoffman, calls the bill a "strait-jacket...
There are further things wrong with the House measure. ECA's open market buying finds far better bargains than the parity prices payed for surplus crops; if further buying is curtailed, the government would probably have to boost its surplus purchases an equal amount to keep up farm prices. And there is a myopic self-interest behind the bill. For to many Congressmen's annoyance, ECA, perhaps more than any other government agency, has managed to remain free of political free-loading. The bill would finally permit the farmer's representative a chance to steer his constituents a little government...
...Communists in France and Italy and the Low countries have muttered for three years at how ECA was an instrument for dumping America's surpluses. They have been wrong. Unless the House hurries up, it is about to brighten the lives of an awful lot of these Communists...