Word: eca
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Dates: during 1950-1959
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Died. Norman Stephen Taber, 60, financial consultant, managing director of the U.S. Council of the International Chamber of Commerce, former (1948-49) budget director of ECA, and for eight years (1915-23) holder of the world's record for the mile run (4 min. 12.6 sec.);* of cancer; in Orange...
...biggest Farben offshoots are the Bayer, Basf (short for Badische Anilinund Sodafabrik) and Hoechst companies, which account for 95% of the total business. All have paid for their postwar reconstruction out of profits, plus some $8,000,000 in ECA loans. All made their big comebacks under the guidance of I. G. Farben oldtimers, many of whom were once staunch Nazis. Typical is the Bayer company, biggest of the group, which suffered $40 million in war damages, emerged from the war with run-down and obsolescent equipment. Like other Farben units, Bayer lost its export markets, which once accounted...
...money to expand, Piaggio borrowed $1,080,000 from the Export-Import Bank and ECA. Piaggio organized Vespa clubs, races and contests, thinks that "the best way to fight Communism in this country is to give each worker a scooter, so he will have his own transportation, have something valuable of his own, and have a stake in the principle of private property." Taking their cue from this, many industrialists have bought Vespas on a reduced-price fleet plan, sold them to employees by paycheck deductions. In Piaggio's own plant, 60% of the 3,500 workers who once...
...Greece, and his Committee on Foreign Aid drafted the working basis for the Marshall Plan. In 1948 Harriman became EGA chief in Europe under Paul Hoffman, and last October-after an interlude as Harry Truman's foreign-relations adviser-he moved in as chief of ECA's successor...
...serve as chairman of the Citizens committee, Hoffman brought along W. Walter Williams, Seattle businessman and chairman of the Washington State Republican Committee. Williams and Hoffman are old friends: when Hoffman gave up the chairmanship of the Committee for Economic Development in 1948 to take on his ECA job, Williams was elected CED chairman on Hoffman's recommendation...