Word: eca
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...Wreckers. As aging legislators catnapped and clerks clogged the rear of the chamber, it became apparent that an adequate ECA appropriation and a strong draft law were essential. So were a farm program and some kind of a housing bill...
...approved aid to Greece and Turkey, authorized ECA by overwhelming majorities. It took the major inconsistencies out of the Truman Doctrine and placed it within the framework of U.N. It insisted that China should receive at least a small share of anti-Communist aid. Both Senate and House members took their responsibilities seriously; over 200 of them abandoned vacations to trudge over Europe on their own investigations...
...protectionism which the President properly vetoed. The Senate's bitter fight over confirmation of AEC Chairman David Lilienthal had been no credit to the 80th Congress. The House had dragged its feet on foreign aid, twice had almost upset the applecart (with its vote to include Spain in ECA, its slash in ECA appropriations). No one was proud of the 15% "voluntary" rent-control bill. Action on housing and admission of D.P.s was long overdue. Congress' investigations had yielded more publicity than malefactors, had sometimes seemed to be planned that...
...prosperous electrical insulating business. Along with Louis Szanto, Virginia tobacco grower, and John F. Montgomery, prewar U.S. minister to Hungary, Bator put up about $100,000 to buy Népszava (circ. 23,000) from its Polish-American owners. The new owners will fight Communism at home & abroad, plug ECA and try to keep alive the idea of a free Danubian federation. They hope to double circulation among Hungarians in the U.S. and, by smuggling copies into Hungary, become a potent voice in the underground...
Imports & Exports. U.S. foreign trade declined in April, the Bureau of the Census reported. From their record high of $666 million in March, imports were down 21% to $527 million. Exports, despite ECA shipments of $9.9 million, were down from $1.14 billion to $1.12 billion...