Word: eca
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Monsters & Flim-Flams. The fight went on. In a stuffy conference room, John Taber fought a rear-guard action against ECA. Time & again the conference broke up in despair. But Senate leaders were determined. By Saturday evening, Taber's House support had fallen away. Abruptly, Taber gave in. The ECA got $4 billion (only $245 million short of Administration requests), to spend in twelve months, if necessary...
When ECAdministrator Paul Hoffman took on his big job last April, he promised that ECA would be run on a streamlined, businesslike basis. Last week he took a long step toward making that promise come true. Over the protests of offended career bureaucrats, he gave Comptroller Eric L. Kohler the go-ahead for a tough, continuous financial checkup on ECA...
...novelty to U.S. businessmen, but an unorthodox departure for hidebound government agencies, Kohler's new role will make him a sort of super house detective, with broad authority to pry into all ECA activities both at home & abroad. Besides the routine task of keeping expenditures in line with appropriations, his investigators will follow through on ECA shipments, make sure they are not diverted to Europe's black markets or resold to Russian satellites. Reports on his continuous "internal audit" will go directly to Administrator Hoffman...
...said it, then said it again: ECA could feed Europe without buying a quintal of wheat from Argentina...
What had happened? In Washington last week, a dollarwise businessman, temporarily turned ECA official, looked up from his crop reports and exultantly pointed out some world food facts: wheat fields all over Europe are rich with promise; ECA countries' estimated crop of 30 million metric tons is only 5% under prewar production; the U.S., with the second-largest crop in its history-and some help from Canada-can make up what Europe needs...