Word: eca
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...About ECA. "Unbelief has been creeping slowly over us all for a hundred and fifty years . .. Marxist rationalist dialectic . . . has further infected every...
...auto-anti cries, 'The Yanks cannot be doing all this for nothing. [They] organized the Marshall Plan to sell their own goods over here . . .' Perhaps we had better have a few cold figures. The gross National Productivity of the U.S. in 1948 [at the start of ECA] . . . was about $262 billions. [The world] took from her 5% of her total products . . . Last year she produced $278 billions. The world took only 3.6% of her total products ... If the Marshall Plan was invented to sell America's goods abroad, it has been a total wash...
Yielding a point himself, Rayburn offered a compromise. Instead of an outright gift, the U.S. would lend India $190 million on easy terms to buy the necessary 2,000,000 long tons of grain. The terms would be left up to ECA (probably 35 years to pay at 2½% interest), and India could repay the loan in strategic materials such as monazite (a source of fissionable thorium), jute and manganese...
...encourage U.S. investment abroad, the Economic Cooperation Administration provides that any profits earned in Marshall Plan nations may be converted into dollars. Last week, to lure still more foreign investments, ECA boldly broadened its insurance. It announced that in the future, for a yearly fee of 1% of the amount involved, it will insure U.S. business ventures in Marshall Plan countries against expropriation (but not against war damage or normal business risks...
Concert of Europe (Sun. 5 p.m., ABC), tape-recorded in Paris, is being broadcast in the U.S. by ECA to promote both the tourist industry and international good will. Concert features Actor Claude (The Happy Time) Dauphin as M.C., a French orchestra of impressive musicianship and a new conductor each week from one of the 18 Marshall Plan countries. The first: Switzerland's Otto Osterwalder...