Word: eca
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...voice was that of Paul Hoffman, head of ECA. He spoke in Washington to a group of businessmen. His words were for the impatient, the decriers, the calamity howlers. "If the Marshall Plan had not been in effect you would have had part of Western Europe at least under the domination of the Kremlin and we would have spent much more for increased defense than we have spent for the Marshall Plan. Now, if we carry on a smart, resourceful cold war, the kind of war free people can carry on, Russia will be contained...
...Broader Community." These industries now operate under precisely the kind of artificial conditions which ECA's Paul Hoffman and other U.S. preachers of "integration" want abolished. The Germans sell their Ruhr coal to French steelmakers at a price up to 30% higher than the coal price for domestic German buyers. The French sell their Lorraine iron ore to German steelmakers at far higher prices than they charge at home. Tariffs, import quotas and government subsidies further protect the French steel industry from competition by lower-priced German steel, keep prices high, markets divided and output lower than it should...
What do the Nationalists now ask of the U.S.? First of all, further economic aid: a $30 million currency stabilization fund, which would release their own gold for economic development, and another $20 million, worth of economic assistance up to June 30, when the present ECA program ends. After that, Governor Wu has a simple formula: $10 million a month in American economic aid until Formosa can get on its feet...
...match the Communist hold on workers in north Italy's heavy industries and in communications. But CISL dominates textile, tobacco and office workers, is gaining among metal workers, leads the CGIL in south Italy. It has won an accolade from ECA Chief James Zellerbach for "courage and competence" and for "strengthening . . . democratic government...
...McLaughlin, 40, a publicity man and an old Boston friend, and Thomas McCann, 34, a onetime U.S. vice consul in Rome, and formed the Trieste Shoe Co. Last week, after nine months of negotiations, Saitz put over his complicated deal to bail out Fleetwood. AMG in Trieste, working with ECA, lent Saitz $190,000 on the machinery (valued at only $47,000 by the bankruptcy court), and another $23,000 to cover shipping, installation costs, etc. in Trieste...