Word: eca
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Foreign Aid. $6.7 billion, chiefly for ECA and to support the Army's relief program in occupied areas. China aid was cut from $350 million to $49 million. The President warned that additional funds would be required under the proposed North Atlantic Alliance...
...handmade cars, and at year's end was sadly muttering: "All I need is money." If there was a Businessman of the Year it was Automaker Paul G. Hoffman, who left his job as president of Studebaker and climbed into the driver's seat of ECA, the biggest politico-business enterprise in world history. He got it running with a minimum of gear clashing, and Congress found little need for back-seat driving...
...businessmen of good will-such as International Harvester's Fowler McCormick-who had cut prices in hopes of starting a healthy downtrend all around, had to change course; they put prices up again. The hope had been that the U.S. would be able to add the burdens of ECA and rearmament without more inflation; that they would merely take up the slack in the economy as it developed...
...household gods that traders once swore by. Ever since it had collapsed in fear of a recession in 1946, the market had been seesawing, trying to make up its mind whether the boom had really come to stay. Looking at some of the props under the boom-plant expansion, ECA and rearmament orders-investors celebrated the tax cut by finally placing their bets...
...tall, tight-lipped Sydney David Pierce, 47, onetime Olympic hurdler and Associated Press reporter. During World War II he was stationed in Washington, working on mutual production problems. Since last June, though still nominally Canadian ambassador to Mexico, he has been in Paris watching Canada's interest in ECA...