Word: eca
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...enjoying a pastoral scenic view would ever suspect that those statuesque cows could cause so much trouble. But thanks to them and their herders, this country's honesty is in question, our ECA program retarded, and American agriculture in danger...
...Sample information: a sudden Government decision last March to buy 870,000 tons of rye.) Cullum named some of the combine's members: the Washington lobbyist for one of Chicago's grain speculators, a U.S. Senator, an ECA official and his wife, two staffers of the Senate Agriculture Committee...
...ECA rejected such thinking. Last week it announced a potentially revolutionary program to provide guns as well as butter by doubling European productivity. Details : ECA, which has so far done business with governments, will start passing out "production assistance" direct to managers and workmen. Each beneficiary nation will set up regional councils of labor, management, government and ECA. Experts will explain U.S. production methods to trade unionists. Go-ahead European companies will be "adopted" by U.S. firms willing to share their knowledge...
...European businessman will have to show that his management is competent, that his product will benefit Europe as a whole (example: a Dutch shipbuilder would probably qualify for aid, a French girdle maker would not), and that labor unions in his plants are not Communist-dominated. Above all, ECA insists, European employers must be willing to adopt one principle of U.S.-style capitalism: increased profits must "filter down to the worker" in better pay or lower prices...
Will this ambitious program (which ECA hopes to finance out of its regular $2 billion budget) work? ECA thinks it may, if Europeans will let it. Western Europe could raise its gross national product by $100 billion, said Foster. "Accomplished in ten years, this would be a masterful job. Done in five, it would be a near miracle-but possible, nonetheless...