Word: eca
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Dates: during 1950-1959
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...ECA's work was fine, but State failed to explain it to the Koreans; the U.S. thereby lost much of the credit...
Golden, as director of the program, will be responsible for coordinating its activities with those of the Advanced Management Program. His early labor relations work was with the A. F. of L. More recently he was a lecturer at the Business School and a member of a special ECA advisory group to Greece. He is presently working for the Mutual Security Agency...
...secret document was about as secret as last year's newspapers. Only one thing in the report merited the headlines it got: the specific charge that U.S. companies had overcharged ECA for the Middle Eastern oil it financed for delivery to Italy, Greece and other European countries. To back up the charge, Attorney General James P. McGranery last week slapped a suit on Jersey Standard, Socony-Vacuum, The Texas Co., Standard of California and six subsidiaries, seeking recovery of $67 million in alleged overcharges. His claim: they sold Middle East oil to ECA at $1.75 a barrel overseas, when...
Responsible for handling the vast bulk of the $900 million in ECA funds with which the U.S. has kept Austria alive since the war, Joham's Creditanstalt built up a complex labyrinth of foreign holding and trading companies (including some in New York which were forced to return $1,000,000 in overcharges for ECA goods in 1950, another listed as owned by Joham's son in London, another in France half-owned by the son). Under Joham's management, the Creditanstalt struck large and questionable deals with Soviet and satellite traders, e.g., lard bought with ECA...
Last week, Austrian police arrested eight Direktors (department heads) of the Creditanstalt, including the chief of its ECA bureau, on charges involving "millions of dollars" of illicit currency deals. They hinted that some others also would be arrested. It remained to be seen what responsibility, if any, would be at tached to Joseph Joham, who has progressed so profitably through depression, Anschluss, war and chaotic peace...