Word: eca
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...long last, Francisco Franco of Spain got the EGA loan he had been seeking. With the air of a man holding his nose and obeying an unpleasant command, ECA announced that it would begin "immediately" to channel to Spanish industries and companies the $62.5 million in ECA funds set aside for Spain by the 81st Congress. Able no longer to ignore the will of Congress, despite its own contempt for the Franco dictatorship, the Administration did its best to make it look as unlike a Marshall Plan project as possible. ECA would send no mission to Madrid, would leave...
...Paul G. Hoffman resigned as ECA director to become president...
...industrial destruction had been done by U.S. bombing. Now the bombers' deadly work would have to be repaired, primarily at the U.S. taxpayers' expense. Last week General Douglas MacArthur estimated that emergency relief for Korea's homeless millions would cost $146 million by July 1951. ECA officials estimated total war damage at $1 billion...
...Failure of the ECA...
...York Post. The Post found Valentine "alternately timid, unimaginative and fatalistic." C.I.O. lobbyists spread the word that Valentine was "reactionary," "anti-labor," and had also been known to take a drink. "He'd be wasting his time trying to win our support," said one C.I.O. official. Former ECA "subordinates" who knew him when he was ECA administrator in The Netherlands spread the word that he was vituperative, bumptious, inflexible and prejudiced. "A brilliant fellow but a little kinky," said a former associate. "He's right robust with his own opinions." Even the Wall Street Journal, which claimed...